Breaking News-RTRS-Asia Oils-High port stocks damp Chinese palm oil demand

By Niluksi Koswanage
KUALA LUMPUR, Oct 29 (Reuters) - China, the world's second largest vegetable oil buyer, has slowed palm oil purchases by 20 to 25 percent this month amid swelling stocks at its ports, which may weaken exports and put pressure on prices.
Traders say China's palm oil stocks are up 25 percent to half a million tonnes, a marked contrast to its port soybean stocks, which have fallen by as much as half in the past three months to 2-3 million tonnes.
Soy imports are expected to surge as China's food processors try to keep up with soyoil demand but on the palm oil front, China just bought 340,000 tonnes of mostly refined palm olein from Malaysia compared to the monthly 400,000-450,000 tonnes.

Breaking News-RTRS-China soy buyers move to post-Feb cargoes-survey

BEIJING, Oct 29 (Reuters) - Chinese soybean buyers are shifting to mostly purchase cargoes for shipment after February with volumes seen staying high, according to an official survey.
Loadings of U.S. soy cargoes to China have sped up after wet weather delayed harvest, which should ease tight supply of imported soybeans in the domestic market, said the China National Grain and Oils Information Centre (CNGOIC).

Breaking News-RTRS-US soy oil stocks 2.739 bln lbs in September - Census

WASHINGTON, Oct 29 (Reuters) - U.S. soybean oil stocks
totaled 2.739 billion lbs in September, compared to 3.010
billion lbs in August, the U.S. Census Bureau said on
Thursday.
The data were released as part of the Census Bureau's
monthly Fats & Oils Production and Stocks report.

Trader's Highlight

DJI-NEW YORK, Oct 29 (Reuters) - U.S. stocks logged their best one-day percentage gain in three months on Thursday as investors saw data showing the U.S. economy returned to growth in the third quarter as brightening the outlook for profits.

The government's first estimate of U.S. gross domestic product showed the economy expanded at an annual rate of 3.5 percent in the third quarter, suggesting it was emerging from the worst recession in 70 years. The quarter of growth was the first after more than a year of contraction in GDP.

The Dow Jones industrial average <.DJI> gained 199.89 points, or 2.05 percent, to end at 9,962.58. The Standard & Poor's 500 Index <.SPX> jumped 23.48 points, or 2.25 percent, to 1,066.11 -- marking its biggest one-day percentage gain in three months. The Nasdaq Composite Index <.IXIC> shot up 37.94 points, or 1.84 percent, to close at 2,097.55.

NYMEX-NEW YORK, Oct 29 (Reuters) - U.S. crude oil futures ended more than 3 percent higher on Thursday as data showing the U.S. economy grew in the third quarter for the first time in a year spurred fresh hopes for higher oil demand.

On the New York Mercantile Exchange, December crude settled up $2.41, or 3.11 percent, at $79.87 a barrel, trading from $77.03 to $80.46.

CBOT-SOYBEANS - November up 17 cents at $9.85-1/2 a bushel. Firm crude oil lends support following soybeans dropping to their lowest level since Oct. 9.

CBOT-SOYOIL - December up 0.66 cent at 37.52 cents per lb.Strength in crude oil futures lends support to soyoil.

FCPO-KUALA LUMPUR, Oct 29 (Reuters) - Malaysian crude palm oil futures rose 1.7 percent on Thursday, bouncing from 2-week lows hit earlier in the session although higher stocks kept traders cautious.

The benchmark January palm oil contract on the Bursa Malaysia Derivatives Exchange ended up 37 ringgit at 2,189 ringgit ($639.5) a tonne. The contract earlier dropped as much as 22 ringgit to 2,130 ringgit, a level unseen since Oct. 15.

REGIONAL EQUITIES-BANGKOK, Oct 29 (Reuters) - Southeast Asian stock markets endend lower on Thursday as investors worried over the economic outlook and selling continued to hit big caps such as Singapore Telecoms, CIMB Group and Indonesia's Bank Rakyat.

Malaysia's index <.KLSE> fell 0.6 percent to the lowest since Oct. 14, weighed down by a 1 percent fall in financial CIMB Group . AMMB Holdings was down 1 percent and Genting 1.5 percent lower.

Singapore's index <.FTSI> ended down 0.6 percent, recovering some of its early fall to its lowest since Oct. 6, with Singapore Telecommunications , Southeast Asia's biggest telecom firm, dropping 2 percent to a near-four-month low.

FCPO Daily: Holding ground

A long white candle appears following prices turning upward after found some cushion at 2130 levels. Thus, consolidation phase is likely to continue in near term. Currently, we are looking for the immediate upside resistance at 2200-2205 (gap left over on 27/10/2009) followed by 2250. While, downside support is lies at 2130 followed by 2108-2085 (unfilled gap left over since 12/10/2009).

FKLI Daily: Defended at 1230 levels.

Market was trying to defend at the underline support at 1230 levels. However, immediate technical landscape remains in tiredness mode. Thus, market may consolidate in near term. Violation of the underline support at 1230 levels may see further correction in near term. While, upside resistance is looking at 1241.5-1244.5 (gap left over on 29/10/2009) followed by 1256.5-1259 (gap left over on 27/10/2009).

Trader's Highlight

DJI-NEW YORK, Oct 28 (Reuters) - U.S. stocks tumbled in a broad sell-off on Wednesday, sending the benchmark S&P 500 lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic recovery.

The Dow Jones industrial average <.DJI> dropped 119.48 points, or 1.21 percent, to 9,762.69 -- its third triple-digit drop in four days. The Standard & Poor's 500 Index <.SPX> fell 20.78 points, or 1.95 percent, to 1,042.63. The Nasdaq Composite Index <.IXIC> slid 56.48 points, or 2.67 percent, to 2,059.61.

The government will release its first estimate of third-quarter GDP on Thursday. GDP is expected to have grown at an annual rate of 3.3 percent in the third quarter, according to 77 analysts polled by Reuters.

NYMEX-NEW YORK, Oct 28 (Reuters) - U.S. crude oil futures ended more than 2 percent lower on Wednesday, hit by government data showing a surprise increase in gasoline inventories last week.

The U.S. Energy Information Administration reported that crude stocks rose less than expected, pressuring prices that had risen late on Tuesday after a report from the American Petroleum Institute showed a large drawdown.

On the New York Mercantile Exchange, December crude settled down $2.09, or 2.63 percent, at $77.46 a barrel, trading from $77.23 to $79.83.

CBOT-SOYBEANS - November down 5 cents at $9.68-1/2 a bushel; January down 6 at $9.70-1/2. Rebounding dollar and an improvement seen coming to U.S. Midwest harvest weather weigh.

CBOT-SOYOIL - December down 0.62 cent at 36.86 cents a lb; deferreds down 0.62 to 0.65. Weakness in crude oil market pressures.

FCPO-KUALA LUMPUR, Oct 28 (Reuters) - Malaysian crude palm oil futures fell as much as 1.4 percent on Wednesday to hit a near two-week low on higher stocks and crude oil easing from its earlier rally.

The benchmark January palm oil contract on the Bursa Malaysia Derivatives Exchange fell as much as 30 ringgit to 2,140 ringgit ($627) per tonne, a level unseen since Oct. 16. The market then settled 18 ringgit lower at 2,152 ringgit.

REGIONAL EQUITIES-BANGKOK, Oct 28 (Reuters) - Southeast Asian stock markets
fell on Wednesday, with selling of big caps such as Bumi Resources pushing Indonesia to its lowest in seven weeks.

Singapore's index <.FTSTI> fell 1.7 percent to its lowest since Oct. 9, with gaming group Genting Singapore down 2.7 percent and Singapore Telecoms 1.9 percent lower.

Malaysia's index <.KLSE> ended down 0.9 percent, with CIMB Group off 2.7 percent and Axiata Group 1 percent lower.

FCPO Daily: Sideways to downside potential

Market looks is turning the other way round following prices failed to stay firm at 2200 levels. Thus, consolidation phase is likely to continue and may move bias sideways to downside potential in near term. Currently, we are looking for the immediate upside resistance at 2200-2205 (gap left over on 27/10/2009. While, downside support is remains at 2108-2085 (unfilled gap left over since 12/10/2009).

NYMEX Crude Daily: Heavy top

Prices continue to ease off with a heavy top. A long black candle printed had weighed on the market upside momentum. Thus, we maintain our underline support at USD75.00-USD73.00. To the upside, immediate resistance is stood at USD80.00-USD82.00.

FKLI Daily: Losing ground

Market continue to lose ground following prices close weak for consecutive three trading days. Currently, we are looking for the underline support at 1230 levels. Violation of it may see further correction in near term. Upside is still pegged at 1273.5.

Breaking News-RTRS-Most European firms not buying green palm oil-WWF

KUALA LUMPUR, Oct 28 (Reuters) - Most European palm oil buyers have shunned expensive eco-friendly palm oil, derailing efforts to preserve rainforests, environment group WWF said on Wednesday.
A scorecard by WWF showed only ten of 59 European manufacturers and retailers have sourced palm oil from Southeast Asian producers who do not fell rainforests and destroy wildlife. Among the top ten are Unilever and Cadbury .
As of October, less than a fifth of the 1 million tonnes of palm oil certified as environmentally-friendly has been bought, WWF data showed, although market uptake was on the rise in the last four months.
WWF issued the scorecard a week before the industry-driven Roundtable of Sustainable Palm Oil (RSPO) meets in the Malaysian capital to assess the development of a green standard for top palm suppliers Indonesia and Malaysia.

Trader's Highlight

DJI-NEW YORK, Oct 27 (Reuters) - The S&P 500 and the Nasdaq fell on Tuesday as investors booked profits following the stock market's recent run-up, while a weaker-than-expected reading on a measure of consumer confidence raised doubts about spending.

The Dow Jones industrial average <.DJI> gained 14.21 points, or 0.14 percent, to 9,882.17. The Standard & Poor's 500 Index <.SPX> fell 3.54 points, or 0.33 percent, to 1,063.41. The Nasdaq Composite Index <.IXIC> declined 25.76 points, or 1.20 percent, to 2,116.09.

NYMEX-NEW YORK, Oct 27 (Reuters) - U.S. crude oil futures extended the day's highs in post-settlement trading on Tuesday after industry data showed a surprise large drawdown in domestic crude inventories last week.

A Reuters poll ahead of the data forecast that domestic crude oil stocks rose 1.8 million barrels last week due to higher imports.

The API said crude stocks fell by 3.5 million barrels, gasoline stocks dipped 255,000 barrels and distillate stocks dropped by 671,000 barrels in the week to Oct. 23.

On the New York Mercantile Exchange at 5:05 p.m. EDT (2105 GMT), December crude was up 85 cents at $79.53 a barrel, with the day's high extended to $79.89. It earlier settled up up 87 cents, or 1.11 percent, at $79.55, trading from $77.81 to $79.78.

CBOT-SOYBEANS - November down 13 cents at $9.73-1/2 a bushel. Firm dollar and forecasts for improved harvest weather next week weigh on market after higher open. Traders note active sales of $10 January soy call options also pressure prices.

CBOT-SOYOIL - December down 0.15 cent at 37.48. Weakness in soybean futures drag prices lower despite firm crude oil market.

FCPO-KUALA LUMPUR, Oct 27 (Reuters) - Malaysian crude palm oil futures dropped 3 percent on Tuesday to hit more than one-week lows on weaker vegetable oil markets and fears of a stock build up.

The benchmark January contract palm oil on the Bursa Malaysia Derivatives Exchange fell as much as 66 ringgit to 2,152 ringgit ($632.9), a level unseen since Oct. 16. The contract then settled 48 ringgit lower at 2,170 ringgit.

REGIONAL EQUITIES-BANGKOK, Oct 27 (Reuters) - Most Southeast Asian stock markets fell on Tuesday amid concern over the economic outlook in the United States, with Singapore's CapitaLand and Thailand's PTT Exploration and Production among decliners.

Foreign fund flows into the region were easing, pushing Malaysia <.KLSE> down to near-two-week lows at one stage. Indonesia <.JKSE> touched four-week lows and Vietnam <.VNI> hit its lowest level in two weeks.

Malaysia's index <.KLSE> recovered earlier falls to end flat, with a 1.3 percent gain in financial firm CIMB Group . Palm plantation firm IOI Corp rose 1.1 percent and telecom company Axiata Group gained 1 percent.

Thailand <.SETI> ended up 0.4 percent but foreign investors continued to unload Thai equities, selling a net 747 million baht($22.37 million) in the session.

USD/MYR Daily Chart: Technical pulled back

Market looks had found some cushion at 3.3425 after the recent sharp fall. Thus, a technical pulled back may see and upside projection is looking at 3.4140 followed by 3.4300. To the downside, support is pegged at 3.3650-3.3500 followed by 3.3425.

FCPO Daily: Losing ground

Market is losing ground further following prices fully covered the downside gap at 2187-2175. Thus, consolidation is likely to continue in near term. Currently, we are looking for the immediate upside resistance at 2200-2205 followed by 2235-2250. While, downside support is adjusted to 2108-2085 (unfilled gap left over since 12/10/2009).

Breaking News-RTRS-China Nov soy imports seen low at 2.34 mln T-MOFCOM

BEIJING, Oct 26 (Reuters) - China's Commerce Ministry
estimated the country's soy imports in November will stay at
about the same low level as in October or at 2.34 million
tonnes.
The ministry's initial figures were in line with traders
estimates after persistent rains in the United States delayed
the harvest as well as loading of cargoes expected to arrive in
China in late November.

Trader's Highlight

DJI-NEW YORK, Oct 26 (Reuters) - U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears lawmakers may let a federal home buyer tax credit expire, while commodity shares succumbed to pressure from the higher U.S. dollar.

Trading was choppy. Stocks initially started on firmer footing, with indexes up more than 1 percent shortly after the open, but the bounce quickly faded as the U.S. dollar rebounded and investors fretted about the financial sector's prospects.

The Dow Jones industrial average <.DJI> dropped 104.22 points, or 1.05 percent, to 9,867.96. The Standard & Poor's 500 Index <.SPX> shed 12.65 points, or 1.17 percent, to 1,066.95. The Nasdaq Composite Index <.IXIC> fell 12.62 points, or 0.59 percent, to 2,141.85.

NYMEX-NEW YORK, Oct 26 (Reuters) - U.S. crude oil futures ended more than 2 percent lower on Monday as the dollar regained strength after an early fall, prompting investors to sell a broad line of oil and other commodities.

On the New York Mercantile Exchange, December crude settled down $1.82, or 2.26 percent, at $78.68 a barrel, trading from $77.97 to $81.58.

CBOT-SOYBEANS - November down 19-1/2 cents at $9.86-1/2 a bushel; active deferreds down 15-1/2 to 18-3/4.

Profit-taking after last week's rally tied to the falling dollar and harvest delays. Firmer dollar and outlooks for improving harvest weather next week weigh. Talk of China deferring three to four shipments of U.S. soybeans also pressures market.

CBOT-SOYOIL - December down 0.31 cent at 37.63 cents per lb; active deferreds down 0.30 to 0.31. Spillover selling from soybeans, crude oil.

FCPO-KUALA LUMPUR, Oct 26 (Reuters) - Malaysian crude palm oil futures fell 0.9 percent on Monday, retreating from more than 7-week highs hit last week, on fears of growing stockpiles although a surge in palm oil exports curbed further losses.

The benchmark January contract on the Bursa Malaysia Derivatives Exchange settled down 20 ringgit to 2,218 ringgit ($656.6) per tonne. On Friday the market ended up 2,243 ringgit, a level unseen since Sept. 3.

REGIONAL EQUITIES-BANGKOK, Oct 26 (Reuters) - Southeast Asian stock markets
ended mixed on Monday, with financial shares in Singapore and Malaysia such as DBS and CIMB erasing early gains and blue chips elsewhere coming off their highs.

Most markets in the region had a listless session and lower trading volume, with Singapore <.FTSTI> eking out a 0.05 percent gain, Malaysia <.KLSE> falling 0.6 percent, Indonesia <.JKSE> flat and Thailand <.SETI> 0.3 percent higher. Financial shares in the city-state and Kuala Lumpur ended in
negative territory ahead of results later in the month.

FCPO Daily: Into consolidation mode

Market upward strength was not strong enough after tested the recent high at 2250. It then eased off to cover the immediate downside gap at 2227-2224. Thus, market looks may consolidate in near term. As for now, we are looking for the upside resistance at 2250. While, downside support is pegged at 2187-2175 (gap left over on 22/10/2009) followed by 2108-2085 (unfilled gap left over since 12/10/2009).

CBOT Soyoil Daily: Double top formation

A double top formation following prices failed to break through the tough resistance at USD39.18 coupled with a long upper shadow candle has weighed on the market upward move. Thus, market may move into correction phase in near term. As for now, we look for the immediate downside support at USD37.00.

NYMEX Crude Daily: Healthy correction is taking place

A healthy correction looks may take place following prices show a little tiredness mode after few attempts failed to challenge the overhead resistance at USD85.00. As for now, we are looking for the immediate upside resistance at USD82.00 followed by USD85.00. To the downside, support remains at USD75.00-USD73.00

DJI Daily: Bulls hit the pause button

Bulls hit the pause button following prices facing a tough resistance at 10,000 levels. Market looks may enter into correction zone in near term after the recent rally. Upside resistance is stood at 10,000-10,300 levels. While, downside support is pegged at 9,600-9,400 levels.

FKLI Daily: Bulls took a breathe

Bulls took a little breathe after hit the recent high at 1273.5. Overall immediate technical outlook still maintain firm uptrend. Thus, market looks may consolidate in order for a sustainable rally in near term. Thus, we continue to look for the upside projection at 1273.5 followed by 1280-1300. Downside support is adjusted to 1250 followed by 1230.

Breaking News-RTRS-UPDATE 1-Indonesia to keep Nov palm oil export tax at zero

JAKARTA, Oct 23 (Reuters) - Indonesia will keep its palm oil export tax at zero for the fourth consecutive month in November but will cut the crude palm oil (CPO) base export price to $595 a tonne from $617 in October due to price falls, a trade ministry official said on Friday.

Breaking News-RTRS-Chinese soy buyers finish purchases for 2009 -CNGOIC

BEIJING, Oct 23 (Reuters) - Chinese crushers have mostly
completed soybean purchases from the United States for the rest
of the year, and are actively buying United States and South
American cargoes for shipment next year, according to an official
survey.
China has already bought up to 15 million tonnes of soybeans
from the United States, the world's largest exporter and 5
million tonnes from South America, said the National Grain and
Oils Information Centre (CNGOIC).

Trader's Highlight

DJI-NEW YORK, Oct 23 (Reuters) - U.S. stocks fell on Friday, with the major indexes slipping for the first week in three, as industrial companies' weak results overshadowed robust earnings from tech and retail heavy-weights.

The U.S. dollar rose against the pound after data showed the UK posted its sixth straight quarter of contraction in gross domestic product, the longest stretch on record, and better-than-expected U.S. housing data gave the greenback an extra boost.

The Dow Jones industrial average <.DJI> dropped 109.13 points, or 1.08 percent, to 9,972.18, marking its second finish this week below the 10,000 mark. The Standard & Poor's 500 Index <.SPX> dropped 13.31 points, or 1.22 percent, to 1,079.60. The Nasdaq Composite Index <.IXIC> dropped 10.82 points, or 0.50 percent, to 2,154.47.

NYMEX-NEW YORK, Oct 23 (Reuters) - U.S. crude oil futures ended down for a second day in a row on Friday as worries about the pace of economic recovery and weak oil demand amid bulging stockpiles pressured the market, after prices jumped to a 2009
high this week.

On the New York Mercantile Exchange, December crude settled down 69 cents, or 0.85 percent, at $80.50 a barrel, trading from $79.82 to $81.78. For the week, the
contract is up $1.97, or 2.51 percent.

CBOT-SOYBEANS - November up 1/2 cent at $10.06 a bushel. Ends firm but well below early highs amid a bout of profit-taking after notching 1-1/2 month high at $10.28 on firm U.S. CIF Gulf basis levels as rains limit movement into terminals. Concerns mount about crop losses given rains, which are forecast for the next two weeks.

CBOT-SOYOIL - December down 0.36 cent at 37.94 cents a lb. Slips amid meal/oil spreading, weaker crude oil.

FCPO-JAKARTA, Oct 23 (Reuters) - Malaysian crude palm oil futures rose 1.3 percent to their highest closing in more than seven weeks on Friday, underpinned by strength in rival soybean and crude oil prices, traders said.

The benchmark January contract on the Bursa Malaysia Derivative Exchange settled up 28 ringgit at 2,238 ringgit ($662.13) a tonne, a level not seen since September 2. Overall volume was 16,202 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Oct 22 (Reuters) - Stock markets in Thailand and
Indonesia fell for a third day on Thursday, with financials and big caps such as Siam Commercial Bank, Advanced Info Service, Bank Rakyat and Astra International leading the way down.

Singapore's index <.FTSTI> fell 0.4 percent, Malaysia's index <.KLSE> was flat and the Philippines <.PSI> lost 1.1 percent. Vietnam bucked the trend, rising 0.9 percent.

In Kuala Lumpur, Malaysian Airline gained nearly 1 percent to 3.08 ringgit after Ambank upgraded the airline to "buy" and raised fair value for the stock to 3.90 ringgit

FCPO Weekly: Sideways bias to little upside potential

Market improved a little following prices close firm at 2200 levels after tested the weekly high at 2250. Thus, market may continue move in sideways bias to little upside potential in near term. As for now, we are looking for the upside resistance at 2350. While, downside support is maintain at 2108-2100 (unfilled gap left over since 11/10/2009)

CBOT Soyoil Weekly: May challenge overhead resistance at USD40.00 to USD40.77

We continue to look for the overhead resistance at USD40.00 to 40.77. Violation of it may provide more room to bias upside potential in near term. As now, downside support remains at USD37.00.

NYMEX Crude Weekly: Uptrend remains firm

Uptrend is firm and market looks may want to challenge the next upside resistance at USD85.00 in near term. To the downside, support remains at USD75.00

DJI Weekly: Show a little tiredness

Market shows a little tiredness mode after the recent run up to challenge 10,000 resistance mark. However, we maintain positive towards the near term market with upside resistance is stood at 10,300 levels. While, downside support remains at 9,400 levels.

FKLI Weekly: Likely to march higher

Market maintain well its upward posture following prices tested the weekly high at 1273.5. Market looks may march higher in near term with upside is projected at 1280-1300 followed by 1314.5-1348 (gap left over since 9/3/2008). Downside support is adjusted to 1230.

Breaking News-RTRS-EXCLUSIVE-UPDATE 2-Malaysia 2010 budget gap 5.5 pct/GDP-source

KUALA LUMPUR, Oct 22 (Reuters) - Malaysia's government plans to announce a much bigger-than-expected reduction in its 2010 fiscal deficit when it lays out its budget on Friday in a move expected to support the ringgit and ease concerns over bond supply.
A source with direct knowledge of the process told Reuters that Prime Minister Najib Razak would unveil plans to cut the budget deficit to 5.5 percent of gross domestic product from a planned 7.6 percent this year, the biggest in two decades.
Economists in a Reuters poll had forecast the 2010 deficit would be 7.3 percent of GDP.
The prime minister also holds the finance ministry post and is due to announce in the budget that Malaysia's trade-dependent economy will shrink less than the expected 4-5 percent this year.
According to the source, Najib will forecast that Malaysia's economy will contract by 3 percent this year and that it will grow by 2-3 percent in 2010.

Breaking News-RTRS-US Sept soy crush 113.98 mln bu-Census Bureau

U.S. SEPT SOYBEAN CRUSH 113.98 MLN BUSHELS -- CENSUS BUREAU
U.S. SEPT TOTAL FACTORY/WAREHOUSE SOYOIL STOCKS 2.880 BILLION LBS-- CENSUS
U.S. SEPT SOYMEAL/HULLMEAL STOCKS 239,179 SHORT TONS -- CENSUS BUREAU

Trader's Highlight

DJI-NEW YORK, Oct 22 (Reuters) - U.S. stocks rose on Thursday after quarterly results from insurer Travelers and regional bank PNC Financial gave a boost to financial stocks.

Adding to the positive tone, New York Fed President William Dudley said the Federal Reserve may not lose money on the emergency programs it put in place to fight the financial crisis.

The Dow Jones industrial average <.DJI> gained 131.95 points, or 1.33 percent, to 10,081.31. The Standard & Poor's 500 Index <.SPX> rose 11.51 points, or 1.06 percent, to 1,092.91. The Nasdaq Composite Index <.IXIC> added 14.56 points, or 0.68 percent, to 2,165.29.

NYMEX-NEW YORK, Oct 22 (Reuters) - U.S. crude oil futures ended lower on Thursday as the dollar rebounded and as traders pocketed profits after a rally to $82 a barrel, highest in a year, on Wednesday.

The dollar rose, making commodities investors cautious, and the euro retreated from a 14-month high as most investors bet the greenback's recent sharp slide against major currencies went too far, too fast.

On the New York Mercantile Exchange, December crude settled down 18 cents, or 0.22 percent, at $81.19 a barrel, trading from $79.86 to $81.50.

CBOT-SOYBEANS - November down 3 cents $10.05-1/2 a bushel. Weak on profit-taking from Wednesday's rally and as U.S. cash markets weaken due to a pick up in harvest sales and dollar rebounds.

CBOT-SOYOIL - December down 0.26 cent at 38.30 cents per lb. Profit-taking after this week's rally. Bigger-than-expected preliminary U.S. soyoil stocks reported by Census weighs.

FCPO-JAKARTA, Oct 22 (Reuters) - Malaysian crude palm oil futures rose 1.9 percent on Thursday to the highest closing in more than six weeks, tracking an overnight rally in crude oil prices, traders said.

The benchmark January contract on the Bursa Malaysia Derivative Exchange settled up 42 ringgit at 2,210 ringgit ($650.77) a tonne, a level not seen since September 8. Overall volume was 20,622 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Oct 22 (Reuters) - Stock markets in Thailand and
Indonesia fell for a third day on Thursday, with financials and big caps such as Siam Commercial Bank, Advanced Info Service, Bank Rakyat and Astra International leading the way down.

Singapore's index <.FTSTI> fell 0.4 percent, Malaysia's index <.KLSE> was flat and the Philippines <.PSI> lost 1.1 percent.Vietnam bucked the trend, rising 0.9 percent.

In Kuala Lumpur, Malaysian Airline gained nearly 1 percent to 3.08 ringgit after Ambank upgraded the airline to "buy" and raised fair value for the stock to 3.90 ringgit

FCPO Daily: Inching up steadily

The first time market manage to close firm at 2200 levels after tried for few attempts. Thus, violation of the overhead resistance at 2240 may provide more room to further upside potential. While, immediate downside support is pegged at 2187-2175 (gap left over on 22/10/2009) followed by 2140-2130.

FKLI Daily: Healthy correction is taking place

We maintain positive outlook towards the near term market with a healthy correction is taking place. Thus, we maintain our upside projection at 1280 followed by 1300. Downside support is maintain at 1250 followed by 1230.

Breaking News-RTRS-China Sept soyoil imports hit 10-month high

BEIJING, Oct 21 (Reuters) - China's imports of soyoil, the country's staple cooking oil, rose to about 310,000 tonnes in September, the highest level since December and a rise of 51 percent from August, industry sources said on Wednesday.
Imports this month would still be high or at more than 250,000 tonnes, analysts estimated. Buyers had earlier booked a large amount of South American soyoil to profit by selling on the Dalian Commodity Exchange <0#DBY:> where domestic futures prices are higher.

Trader's Highlight

DJI-NEW YORK, Oct 21 (Reuters) - U.S. stocks fell on Wednesday, hurt by a late sell-off in financial shares after an influential bank analyst recommended selling Wells Fargo shares and a wider-than-expected loss from Boeing disappointed investors.

The Dow Jones industrial average <.DJI> dropped 92.12 points, or 0.92 percent, to end at 9,949.36. The Standard & Poor's 500 Index <.SPX> lost 9.66 points, or 0.89 percent, to 1,081.40. The Nasdaq Composite Index <.IXIC> shed 12.74 points, or 0.59 percent, to 2,150.73.

NYMEX-NEW YORK, Oct 21 (Reuters) - U.S. crude oil futures ended on Wednesday above $81 a barrel, the highest in a year, lifted by government data showing an unexpectedly large drawdown in gasoline stockpiles last week.

Crude inventories rose less than expected while distillate supplies fell, though less than forecast, weekly data from the U.S. Energy Information Administration showed, and both proved price supportive, traders said.

The dollar touched a one-month low against sterling while the euro broke above $1.50 for the first time in 14 months as expectations that U.S. interest rates will remain very low weighed on the greenback.

On the New York Mercantile Exchange, new front month December crude settled up $2.25, or 2.84 percent, at $81.37 a barrel, the highest close since Oct. 9, 2008's $86.59. It traded from $77.64 to $82, the highest since the $84.83 intraday high on Oct. 14, 2008.

CBOT-SOYBEANS - November up 265 cents at $10.087-1/2 a bushel. Rallies past $10 to highest since Sept. 3 as dollar collapses and crude oil rallies. Stronger U.S. cash markets also supportive as exporters scramble to meet sales commitments amid a slow harvest.

U.S. Census Bureau to issue monthly crush data on Thursday. Analysts expect Census to report a September crush near 113.6 million bushels.

CBOT-SOYOIL - December up 1.09 cents at 38.56 cents a lb. Falling dollar, rise in soybeans and crude oil spurs speculative buying.

FCPO-JAKARTA, Oct 21 (Reuters) - Malaysian crude palm oil futures dropped 0.6 percent on Wednesday, extending a retreat from a five-week peak hit on Monday, pressured by a slide in crude oil price, traders said.

The benchmark January contract on the Bursa Malaysia Derivative Exchange settled down 12 ringgit at 2,168 ringgit ($642.37) a tonne. Overall volume was 18,028 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Oct 21 (Reuters) - Southeast Asian stocks took a hit
on Wednesday after declines on Wall Street, led by losses in blue-chips such as Singapore banking heavyweight DBS Group and Indonesia's Bumi Resources .

Singapore's benchmark stock index <.FTSTI> dropped 0.7 percent, Thailand <.SETI> eased 1.3 percent and Indonesia <.JKSE> dropped about one percent, extending Tuesday's falls, to a one-week closing low.

Malaysia <.KLSE> reversed course from a 16-month high hit in early trade to close down 0.45 percent, snapping a three-day rising steak, while the Philippines <.PSI> pulled back from a near two-week high earlier in the day, falling 0.86 percent.

Among losers in Malaysia, top lender Maybank Bhd dropped 1.15 percent, while gaming group Genting Bhd fell 0.52 percent.

Malaysia's number two lender, CIMB Bank , closed unchanged after rising as much as 1.74 percent, cheered by a positive profit outlook at its Thai unit. [ID:nBKK429856] But top lender Maybank Bhd lost 1.15 percent.

CBOT Soyoil Daily: Still more upside room to come

A wonderful breakout from the overhead resistance at USD39.00 had strengthen further the market upward momentum. Market looks may challenge the next overhead resistance at USD40.00 to 40.77 (highest for the year. As now, downside support is pegged at USD37.00.

NYMEX Crude Daily: Likely to challenge USD85

Bulls won the battle and violated the immediate upside resistance at USD80.00 convincingly. Looks it may want to challenge the next upside projection at USD85.00 in near term. To the downside, support remains at USD75.00

FCPO Daily: Consolidating

Nothing much changes as prices stuck with its minimal movement. Thus, market may consolidate in near term in the range of 2240 to 2100. Violation of either one may provide more clearer direction to the market.

FKLI Daily: Uptrend remains intact

Uptrend remains intact despite prices retreat after hit the fresh high at 1273.5. A healthy correction is needed in order for a sustainable rally in near term. Thus, we maintain our upside projection at 1280 followed by 1300. Downside support is maintain at 1260-1250.

Trader's Highlight

DJI-NEW YORK, Oct 20 (Reuters) - U.S. stocks retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar.

But the blue-chip Dow Jones industrial average dropped 50.71 points, or 0.50 percent, to end at 10,041.48. The Standard & Poor's 500 Index <.SPX> fell 6.85 points, or 0.62 percent, to 1,091.06. The Nasdaq Composite Index <.IXIC> shed
12.85 points, or 0.59 percent, to close at 2,163.47.

NYMEX-NEW YORK, Oct 20 (Reuters) - New front-month December crude futures extended losses in post-settlement trading on Tuesday after industry inventory data showed that domestic crude oil stockpiles rose more than expected last week.

On the New York Mercantile Exchange at 5:05 p.m. EDT (2105 GMT), December crude was down $1.31, or 1.64 percent, at $78.64 a barrel. It had settled earlier at $79.12, down 84 cents, or 1.05 percent, trading $78.32 to $80.40.

Earlier, November crude expired and settled down 52 cents, or 0.65 percent, at $79.09. It traded from $78.05 to $80.05, the highest since the $84.83 intraday peak on Oct. 14, 2008.

CBOT-SOYBEANS - November down 13-3/4 cents at $9.82-1/2 a bushel. Profit taking after the big gains on Monday weighs. Firm dollar and weak stock market also add to bearish tone as did devaluation of Brazilian real, which makes Brazil's beans more competitive on the world market.

CBOT-SOYOIL - December down 0.12 cent per lb at 37.47. Profit-taking after Monday's gains.

FCPO-JAKARTA, Oct 20 (Reuters) - Malaysian crude palm oil futures edged down 0.8 percent on Tuesday, reversing early gains, amid renewed concerns over demand after cargo surveyors announced weak exports in the first 20 days of the month, traders said.

The benchmark January contract on the Bursa Malaysia Derivative Exchange settled down 17 ringgit, or 0.8 percent, to 2,180 ringgit ($648.42) a tonne, coming off an intraday high of 2,216. Overall volume was 14,692 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Oct 20 (Reuters) - Thai stocks fell almost one percent on Tuesday, hit by late selling in energy shares, while Indonesia snapped a five-day winning streak with financial stocks and Bumi Resources leading the way.

Singapore's index <.FTSTI> edged down 0.02 percent, Malaysia's index <.KLSE> gained 0.3 percent, still hovering at more than 16-month highs, the Philippines <.PSI> gained 0.5 percent and Vietnam <.VNI> climbed 1.6 percent.

In the city-state, Singapore Telecom fell 0.63 percent and Oversea-Chinese Banking Corp dropped 1.2 percent.

In Kuala Lumpur, palm plantation firm IOI Corp was up 1.5 percent and financial firm AMMB Holding rose 3.03 percent. RHB Capital dropped 4.2 percent after its plan to buy a stake in Indonesia's Bank Mestika Dharma.

FCPO Daily: Hovering at 2,100 levels

Upward move has been slowing down a little following prices facing some tough resistance at 2200 levels. Thus, market may move in sideways in near term. As for now, we maintain the immediate downside support at 2140-2130 followed by 2108-2085 (unfilled gap left over since 12/10/2009). To the upside, resistance is pegged at 2217-2240.

FKLI Daily: Rally likely to continue

Another record high was seen after market violated 1270 immediate resistance levels. Thus, rally will likely to continue in near term with the next upside projection is looking at 1280 followed by 1300. Downside support is pegged at 1260-1250.

Breaking News-RPT-China expects delayed soy cargoes, talk of washout

BEIJING, Oct 19 (Reuters) - Chinese trading houses are believed to have washed out two or three U.S. soy cargoes for January shipment last week and switched to domestic soy due to subsidies expected to be offered by Beijing, a source with a major trading house said on Monday.
Persistent rains in the United States have delayed the soy harvest and the loading of cargoes due to arrive in China in November, which will further tighten soymeal supplies already tight because of low imports in October, traders said.

Trader's Highlight

DJI-NEW YORK, Oct 19 (Reuters) - U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session's close when Apple Inc's shares jumped on its results.

The Dow Jones industrial average <.DJI> added 96.28 points, or 0.96 percent, to end at 10,092.19. The Standard & Poor's 500 Index <.SPX> gained 10.23 points, or 0.94 percent, to 1,097.91. The Nasdaq Composite Index <.IXIC> rose 19.52 points, or 0.91 percent, to 2,176.32.

NYMEX-NEW YORK, Oct 19 (Reuters) - U.S. crude oil futures gained for the eighth consecutive day on Monday, finishing at yet another one-year high as a weakened dollar supported investment flows and technical resistance gave way at $79 a barrel.

The dollar hovered near a 14-month low against the euro as investors bet the Federal Reserve will hold U.S. interest rates near zero well into next year.

On the New York Mercantile Exchange, November crude , which is expiring on Tuesday, settled $1.08 higher, or 1.38 percent, at $79.61 a barrel, the highest since the $81.19 close Oct. 13, 2008. It traded from $78.05 to $79.69, highest intraday since prices hit $84.83 on Oct. 14, 20008.

CBOT-SOYBEANS - November up 18-3/4 cents at $9.96-1/4 a bushel. U.S. harvest delays supportive, along with weaker dollar. Rains to move back into Midwest grain belt mid-week, adding to harvest delays. Strong export inspections support.

CBOT-SOYOIL - December up 0.65 cent per lb at 37.59 cents per lb. Support from gains in soybeans.

FCPO-JAKARTA, Oct 19 (Reuters) - Malaysian crude palm oil futures rose 0.9 percent on Monday but came off a five-week intraday high after talk in late trade that the October 1-20 exports were smaller than earlier expected, traders said.

The benchmark January contract on the Bursa Malaysia Derivative Exchange settled up 19 ringgit to 2,197 ringgit ($651.35) a tonne, after going as high as 2,217 early, a level not seen since Sept. 10. Overall volume was 16,357 lots of 25 tonnes each, more than the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Oct 19 (Reuters) - Most Southeast Asian stock
markets gained on Monday, with Malaysia climbing to its highest in more than 16 months while Thailand outpaced regional peers as investors piled into energy and banking shares.

Malaysia's index <.KLSE> gained 0.4 percent, coming off an early high to close at its highest since May 30, 2008, led by a 2.5 percent rise in gaming group Genting and 1.5 percent gain in finance firm CIMB Group .

Singapore's index <.FTSTI> inched up 0.13 percent, led by telecoms firm Singapore Telecommunication which was up 2.3 percent while banking shares were mixed ahead of earnings announcements later this month.

CBOT Soyoil Daily: More upside potential to come

Market close at day high at USD38.00 had beautified the immediate daily technical outlook to bias more upside potential. Market looks may want to challenge the overhead resistance at USD39.00. Downside support is pegged at USD37.00.

NYMEX Crude Daily: Likely to move higher in near term

Market violated the immediate resistance at USD78.00 and looks likely to move higher in near term. As for now, we are looking for the immediate upside resistance at USD80.00 followed by USD85.00. While, downside support is pegged at USD75.00

FCPO Daily: Immediate daily technical outlook strengthen further

Market strengthen further its upward momentum despite prices shy away at 2,200 levels. Market looks may continue to challenge the upside resistance at 2,200 to 2,240 followed by the next resistance at 2,280-2,299 (gap left over on 2/9/2009). Downside support is adjusted to 2140-2130 followed by 2108-2100 (unfilled gap left over since 11/10/2009)

Breaking News-RTRS-US analyst sees larger S.American soy, corn crops

CHICAGO, Oct 15 (Reuters) - Helped by good early rains and improving economics, South American soybean acreage and production should rise in 2009/10, a respected U.S. analyst said Thursday.
Dr. Michael Cordonnier, president of Soybean and Corn Advisor, projected 2009/10 South American soybean production at 125.0 million tonnes, up more than 30 percent from 95.8 million in 2008/09.
Cordonnier estimated Brazil's 2009/10 soybean crop at 62.5 million tonnes, above the U.S. Department of Agriculture's current estimate of 62.0 million.
For Argentina, Cordonnier estimated soybean output at 53.0 million tonnes, up sharply from 32.0 million in 2008/09 and above USDA's 2009/10 figure of 52.50 million tonnes.

Breaking News-RTRS-China purchases of South American soy to stay robust -survey

BEIJING, Oct 16 (Reuters) - Chinese companies are likely to maintain their strong interest in South American soybeans for shipment after April, although some crushers in the north may switch to domestic crops, according to an official survey.
"Domestic soybeans are available from October and some crushers in the north would focus their purchases on domestic crops and cut demand for imports," said the National Grain and Oils Information Centre (CNGOIC).

Trader's Highlight

DJI-NEW YORK, Oct 16 (Reuters) - World stocks fell and the euro retreated against the U.S. dollar on Friday as weak results from General Electric Co and Bank of America Corp dimmed confidence in a profit-driven economic recovery.

GE, the biggest U.S. conglomerate, reported a 42-percent drop in profit and Bank of America posted a quarterly loss, leading investors to rein in risk appetites whetted by strong JPMorgan Chase & Co results earlier in the week.

U.S. indexes dropped. The Dow industrials <.DJI> fell 67.03 points, or 0.67 percent, to 9,995.91. The Standard & Poor's 500 Index <.SPX> declined 8.88 points, or 0.81 percent, to 1,087.68, and the Nasdaq Composite Index <.IXIC> dropped 16.49 points, or 0.76 percent, to 2,156.80.

NYMEX-NEW YORK, Oct 16 (Reuters) - U.S. crude oil futures extended gains to a seventh straight session on Friday and closed at the highest level in a year, lifted by a late rally in gasoline futures and higher prices for heating oil.

The day's gains appeared to be a follow-through of Thursday's buying that was sparked by government data showing surprise drawdowns in gasoline and distillate stocks, which include heating oil and diesel.

On the New York Mercantile Exchange, November crude settled up 95 cents, or 1.22 percent, at $78.53 a barrel, the highest close since Oct. 14, 2008's $78.63. It
traded from $76.82 to $78.67, the highest intraday since $79.17 was hit on Oct. 15, 2008. For the week, the contract gained $6.76, or 9.42 percent.

CBOT-SOYBEANS - November down 5-1/2 cents at $9.77-1/2 a bushel. Better harvest weather for a few days weighing on soy futures but forecasts for wet and cool weather by mid-week underpinning the market.

CBOT-SOYOIL - December up 0.16 cent at 36.94. Choppy trade with early week rally in crude oil lending support.

FCPO-KUALA LUMPUR, Oct 16 (Reuters) - Malaysian palm oil futures jumped 3.2 percent on Friday, bouncing from one-week lows hit the previous day after crude oil rose to another one-year high above $78 a barrel.

The benchmark January contract on the Bursa Malaysia Derivative Exchange settled up 67 ringgit to 2,178 ringgit ($646.1).

REGIONAL EQUITIES-BANGKOK, Oct 16 (Reuters) - Southeast Asian stock markets ended on Friday mixed, with Singapore's index heavyweights surrendering recent gains while Thailand climbed more than three percent in a rebound from a two-day selloff. Elsewhere, Singapore <.FTSTI> ended down 0.2 percent, after a 1.64 percent rise over the past two days which pushed the market to a 13-month high.

Malaysia <.KLSE> gained 0.8 percent with Public Bank up 0.4 percent as broker TA raised its recommendation on the bank to buy from sell, citing an improved outlook following better-than-expected results.

Bursa Malaysia rose 0.5 percent after reporting higher third quarter net profit and forecast good outlook for the remainder of the year.

FCPO Weekly: Surviving at above 2,100 levels

Not much improvement as market is still surviving at above 2,100 levels. Thus, market may move in sideways manner unless it manage to break out from the upside resistance at 2,200 to 2,240. Downside support is maintain at 2108-2100 (unfilled gap left over since 11/10/2009)

DJI Weekly: May want to challenge 10,300 levels.

Market looks may continue its fighting spirit to challenge the next resistance at 10,300 levels. While, downside support is pegged at 9,400 levels.

FKLI Weekly: Upward posture maintaining well

Market non-stop hitting new fresh high had kept the upward momentum in a very good posture. Thus, we continue to look for the immediate upside target at 1270-1280 followed by 1300 in near term. Downside support is pegged at 1200-1210.

Trader's Comment: CPO futures reversed yesterday losses to end generally higher on stronger external factors.

CPO futures reversed yesterday losses to end generally higher on stronger external factors. A good recovery in overnight CBOT soyoil coupled with strong rally in NYMEX crude oil futures which up more than USD2 traded above USD77.00 a barrel. This had provided speculative buying sentiment. Asian time zone trading also in positive tone. This also had further boost the bull’s confident. New benchmark Jan10 was trading steadily thought out the day and surged to settle RM 67 higher at 2178 after trading in the range between 2138-2178 with total daily volume stood at 21,218 contracts changed hands. About 50% of the trades were switches mostly between Dec09 versus Jan10.

Breaking News-RTRS-China October soy imports seen at 2 mln T -MOFCOM

BEIJING, Oct 15 (Reuters) - China's Commerce Ministry
estimated the country's soy imports in October will continue to
fall for the fourth month in a row, with imports expected to
total 2 million tonnes, the lowest level in two years.

Trader's Highlight

DJI-NEW YORK, Oct 15 (Reuters) - Late-day strength drove U.S. stocks to 2009 highs on Thursday as rising oil prices lifted energy shares, eclipsing the banking sector's retreat after investors panned earnings from Goldman Sachs and Citigroup.

Indexes once again set highs for the year and the Dow held above the 10,000 mark after breaching it for the first time in a year on Wednesday.

While Goldman Sachs Group and Citigroup Inc's results exceeded forecasts, they failed to meet the lofty standard set on Wednesday by JPMorgan Chase & Co , the first major bank to report earnings.

The Dow Jones industrial average <.DJI> added 47.08 points, or 0.47 percent, to end at 10,062.94. The Standard & Poor's 500 Index <.SPX> gained 4.54 points, or 0.42 percent, to 1,096.56. The Nasdaq Composite Index <.IXIC> edged up 1.06 points, or
0.05 percent, to close at 2,173.29.

NYMEX-NEW YORK, Oct 15 (Reuters) - U.S. crude oil futures settled at a one-year high on Thursday, up for the sixth consecutive day, after government data showed heavy drawdowns in gasoline and distillate inventories last week, going against forecasts
for modest increases.

Traders shrugged off data from the U.S. Energy Information Administration showing a smaller-than-expected increase in crude oil supplies.

On the New York Mercantile Exchange ended up $2.40, or 3.19 percent at $77.58 a barrel, the highest since the $78.63 close on Oct. 14, 2008. It traded from $74.79 to $77.97, the highest intraday price since Oct. 15, 2008's $79.17 high.

CBOT-SOYBEANS - November up 1 cent at $9.94 a bushel. Prices rally to highest level since Sept. 3 due to slow harvest of U.S. soybean crop, weak dollar and gains in crude oil and equities markets.

CBOT-SOYOIL - October expired up 0.09 cent at 35.95 cents per lb. December up 0.12 cent at 36.18. Spillover support from gains in soy, higher crude oil and a weak dollar.

FCPO-KUALA LUMPUR, Oct 15 (Reuters) - Malaysian palm oil futures dropped as much as 2.4 percent to a near one-week low on Thursday with traders taking profits from a rally fuelled by crude oil and higher exports.

The benchmark December palm oil contract on the Bursa Malaysia Derivative Exchange dropped 52 ringgit to a session low of 2,108 ringgit ($627.9), a level unseen since Oct. 9, before settling at 2,110 ringgit.

REGIONAL EQUITIES-BANGKOK, Oct 15 (Reuters) - Most Southeast Asian stock markets advanced on Thursday with lenders DBS and United Overseas Bank leading Singapore to a 13-month high, while Thailand's index suffered its biggest drop in a year.

Malaysia's index <.KLSE> ended unchanged, falling back from a 16-month high touched earlier and weighed down by financial CIMB Group and telecoms Axiata Group , which each fell more than one percent.

Public Bank was flat. It rose earlier after the bank said third-quarter net profit rose a small 3.2 percent to 639 million ringgit.

FCPO Daily: Losing ground

Market is losing ground following a sharp fall after few attempts failed to break through the great wall at 2,200 levels. Meantime, we still maintain our view in sideways to higher. Violation of 2,100 levels may change the immediate technical outlook to sideways bias to lower move. Upside resistance remains at 2,196 to 2,200 followed by 2,240. Downside support is pegged at 2108-2085 (unfilled gap left over since 12/10/2009)

NYMEX Crude Daily: Maintaining its upward posture

Market strengthen further its upward posture following resistance at USD77.00 was tested. Thus, market may continue to move higher to challenge the next upside target at USD78.80 to USD80.00. While, downside support is pegged at USD74.00 to USD73.00.

CBOT Soyoil Daily: May challenge USD37.50 to USD38.00

Market continue to move higher and may challenge again the upside resistance at USD37.50-38.00. Downside support is pegged at USD35.90 to USD35.20.

FKLI Daily: Bull took a breathe

Profit taking activities were evident after prices hit the fresh high at 1257.5. However, immediate technical landscape maintain in positive mode. Thus, we continue to look for the upside target at 1270-1280 in near term. Downside support is adjusted to 1220-1210.

Trader's Comment: CPO futures surrendered all its earlier gains to ends broadly lower

CPO futures surrendered all its earlier gains to ends broadly lower on the back of weaken E-CBOT and profit taking after recent strong rebound. Benchmark Dec09 prices climbed to hit intra-day high at 2180 in the early session due to rally in NYMEX crude oil to trade above USD75 per barrel and better 1-15 export figures. However, the gains were trimmed and eventually surrender in the afternoon session on Dalian palm & soyoil futures begin to lose ground and E-CBOT both soybean & soyoil also weakening and trading in negative territory. These prompted profit taking coupled with long liquidation sent Benchmark Dec09 prices under pressure through out the afternoon session. Prices tumbled to hit intra-day low at 2108 before it settling RM 50 lower at 2110. Total daily volume moderate with 12,804 contracts changed hands.

Breaking News- RTRS-US soybean crush 107.379 mln bu in September-NOPA

U.S. SEPT SOYBEAN CRUSHINGS 107.379 MLN BU VS AUG 112.617 MLN--NOPA
U.S. SEPT SOYMEAL EXPORTS 328,768 TONS VS AUG 260,829 TONS--NOPA
U.S. SEPT SOYOIL STOCKS 2.262 BLN LBS VS AUG 2.520 BLN--NOPA

FCPO Daily: Still facing tough resistance at 2200 levels.

Market still facing tough resistance at 2200 levels following prices still not manage to break through. However, immediate daily technical outlook remains positive despite prices losing ground for consecutive two trading days. We maintain our view sideways to higher in near term market with upside target maintain at 2200-2240 levels. Meanwhile, downside support is maintain at 2118-2085 (gap left over on 12/10/2009)

NYMEX Crude: Rally likely to continue

Market breached the overhead resistance at USD75 and close firm had strengthen further the overall immediate technical landscape to bias upside potential. Thus, market may want to challenge the next upside target at USD77.00 to 78.80. While, downside support is pegged at USD73.00 to USD70.00.

DJI Daily: 10,000 violated, more upside room to come

Glad to see that market manage to stay firm at the overhead resistance at 10,000 mark. Hence, market may want to challenge 10,300 levels in near term with maintain the current upward spirit. While, downside support is pegged at 9,800-9600 levels.

FKLI Daily: Bulls won the battle

Cheers...as bulls continue won the battle following 1250 levels was violated convincingly. Thus, we are now looking for the upside target at 1270-1280 in near term. Downside support is adjusted to 1220-1210.

Trader's Comment: Lack of follow through buying set prices to end at day low

CPO futures finishes off the high after setting intra-day high in late trading but it ended and settled at day low on lack of follow through buying interest. Earlier market was trading in a tight range between 2177 to 2165 through out most of the day before late covering activities emerged and pushed benchmark Dec09 prices surged to intra-day high at 2196. However, lack of follow through buying coupled with intra-day profit taking brought prices down to settle RM 3 higher at 2160. Recently, FCPO prices rallies were due to NYMEX crude oil prices which has been steadily trade between USD70.00 to USd75.00 per barrel and higher soyoil prices.

Breaking News- RTRS--China soy buyers focus on new South American crops

BEIJING, Oct 13 (Reuters) - Chinese soybean importers have shifted their buying interest temporarily away from the U.S. soy crop and bought about 13 South American soy cargoes over recent days, traders said on Tuesday.
Chinese crushers still need to buy U.S. soy crop for December and January shipments, but rising Chicago Board of Trade prices <0#S:> have prompted some to hold off.

Breaking News- RTRS-China to issue 2010 quotas for wheat, corn, rice and cotton

BEIJING, Oct 13 (Reuters) - China will issue low-tariff grain import quotas for 2010, including wheat, cotton, corn and rice, as part of its World Trade Organisation joining commitments.
The quota levels remain unchanged from this year, according the National Development and Reform Commission.
The quota for wheat is set at 9.64 million tonnes and for corn at 7.2 million tonnes, of which 90 percent of the wheat quota will go to state-owned companies while 60 percent of the corn quota is allocated for state companies.
The quota for rice is set at 5.32 million tonnes and for cotton at 894,000 tonnes for imports under low tariffs for 2010, the commission said in a document posted on its website (www.ndrc.gov.cn).

Breaking News- RTRS-NOPA September U.S. soy crush seen at 113 mln bu

CHICAGO, Oct 13 (Reuters) - National Oilseed Processors Association monthly crush data to be issued early on Wednesday should show a September U.S. soybean crush at 113 million bushels, analysts said on Tuesday.
Trade estimates ranged from 110 million to 115 million bushels, compared with NOPA's August soy crush figure of 112.617 million bushels.
Analysts' expected NOPA to lower its soyoil stocks figure by about 150 million to 200 million lbs, from its August stocks figure of 2.520 billion lbs.

Trader's Highlight

DJI-NEW YORK, Oct 13 (Reuters) - U.S. stocks weakened on Tuesday as disappointing sales from Johnson & Johnson stirred jitters about the strength of earnings, snapping the S&P 500's six-day winning streak.

Financial shares were pressured, with several major banks reporting results this week. Goldman Sachs Group Inc fell 1.5 percent to $187.23 after influential banking analyst Meredith Whitney downgraded the stock, saying the upside could be limited for the company in the medium term.

The Dow Jones industrial average <.DJI> declined 14.74 points, or 0.15 percent, to end at 9,871.06. The Standard & Poor's 500 Index <.SPX> slipped 3.00 points, or 0.28 percent, to 1,073.19. But the Nasdaq Composite Index <.IXIC> inched up just 0.75 of a point, or 0.04 percent, to 2,139.89.

NYMEX-NEW YORK, Oct 13 (Reuters) - U.S. crude oil futures ended higher for the fourth straight day on Tuesday, as a brighter demand forecast from OPEC and a weakened dollar supported the market.

The front-month November contract, which hit a seven-week high, now faces resistance at $75 a barrel, the year's intraday peak hit on Aug. 25, traders said.

On the New York Mercantile Exchange, November crude settled up 88 cents, or 1.2 percent, $74.15 a barrel, the highest settlement since Aug. 24's $74.37.

NYMEX November crude traded from $72.83 to $74.47, the highest since front-month crude hit the year's high of $75 on Aug. 25, which was the highest intraday price since $75.69 was reached on Oct. 21, 2008. NYMEX November crude oil options expire on Thursday.

CBOT-SOYBEANS - November down 6 cents at $9.93 a bushel. Some outlooks for better U.S. soy harvest weather and profit-taking after Monday's rally to six-week high weighs on soybean futures.

CBOT-SOYOIL - October down 0.44 cent per lb at 35.86; December down 0.49 cent at 36.06. Spillover selling pressure from declines in soy.

FCPO-KUALA LUMPUR, Oct 13 (Reuters) - Malaysian palm oil futures ended 0.5 percent higher on Tuesday, easing from more than two-week highs hit earlier on profit-taking, although a crude oil rally and recovering exports kept sentiment up.

The benchmark December contract on the Bursa Malaysia Derivatives Exchange rose as much as 31 ringgit to 2,178 ringgit ($642.5) a tonne, a level unseen since Sept. 25, before settling up 10 ringgit at 2,157 ringgit by the close.

REGIONAL EQUITIES-BANGKOK, Oct 12 (Reuters) - Singapore stocks climbed to their
highest in almost two weeks on Monday after surprisingly third quarter economic growth sprked buying in banking shares, the Thai index scaled a fresh 15-month high.

Singapore's benchmark Straits Times Index <.FTSTI> ended up 1.1 percent at its highest level since Sept. 30, with DBS Group , Southeast Asia's biggest lender, up 0.8 percent, after the central bank announced no change in its monetary policy stance and better-than-expected GDP growth in the third quarter.

Malaysia <.KLSE> inched down 0.04 percent, after a three-day rise, Indonesia <.JKSE> fell for a fourth day, sliding 0.7 percent while the Philippines <.PSI> lost 0.4 percent, adding on a 0.9 percent decrease on Friday.

In Kuala Lumpur, palm plantation firm IOI Corp was down 0.4 percent, erasing some early losses after Moody's Investors Service changed the outlook of IOI Corp to stable from negative.

FCPO Daily: May challenge again 2180-2240 levels

Tough resistance was seen at around 2180-2240 levels as prices still failed to pass through. Nevertheless, immediate daily technical outlook has been improved a little since the recent sharp rebound. Thus, market may continue to move sideways to bias upside potential in near term. Meanwhile, downside support is maintain at 2118-2085 (gap left over on 12/10/2009)

NYMEX Crude Daily: Eyeing USD75!!

Market is getting closer to the upside target at USD75. Violation of it may provide more room to bias upside potential in near term market. Downside support is adjusted to USD70-68.

FKLI Daily: Holding ground

Market was holding ground after hit the fresh high at 1243. We maintain positive view towards the near term market with upside target is looking at 1250. So far, there is still no sign of turning weak unless market break down from the downside support at 1200 levels.

Breaking News-RTRS-UPDATE 1-China pledges to stockpile new corn, soybean crops

BEIJING, Oct 12 (Reuters) - China pledged on Monday to extend its controversial soybean and corn stockpiling scheme into the new crop year, moving to protect farmers' interests and ensure supply at the risk of inflating imports for a second year running.
The government did not say at what prices it will stockpile soybeans, but last year's scheme has been critised by traders as the purchases at higher-than-market prices led to a boom in cheap imports. The new crop harvest is due to begin within weeks.

Trader's Highlight

DJI-NEW YORK, Oct 12 (Reuters) - Oil and other commodity prices rose on Monday on renewed optimism over the pace of economic recovery and a weak U.S. dollar, which helped lift the benchmark S&P 500 Index to its highest close in a year.

The Dow Jones industrial average <.DJI> closed up 20.86 points, or 0.21 percent, at 9,885.80. The Standard & Poor's 500 Index <.SPX> added 4.70 points, or 0.44 percent, at 1,076.19. The Nasdaq Composite Index <.IXIC> slipped 0.14 points, or 0.01 percent, at 2,139.14.

NYMEX-NEW YORK, Oct 12 (Reuters) - U.S. crude oil futures ended at a seven-week high on Monday, rising for a third day in a row as a weak dollar attracted buyers. Cooler temperatures and optimism about an economic recovery
added support.

On the New York Mercantile Exchange, November crude closed up $1.50, or 2.09 percent, at $73.27 a barrel, the highest settlement since Aug. 24's $74.37. It traded from $72.05 to $73.84, the highest since the intraday high of $75 on Aug. 25, which was the year's high and highest since the intraday prices hit $75.69 on Oct. 21, 2008.

CBOT-SOYBEANS - November up 35 cents at $9.99 a bushel. Slow U.S. harvest this week due to rain and snow combined with a freeze over the weekend that likely harmed some of the immature U.S. crop lifted soybean futures. Added strength from lower dollar, higher crude oil and gains in equities. Nearby contract reaches $10.00-3/4, highest level since Sept. 3.

CBOT-SOYOIL - October up 1.39 cents at 36.30 cents per lb; December up 1.35 cents at 36.55. Spillover support from gains in soy, higher crude oil and a weak dollar.

FCPO-KUALA LUMPUR, Oct 12 (Reuters) - Malaysian palm oil futures jumped 3.2 percent to a two-week high on Monday as sentiment improved on strong export data and concern adverse weather could hit rival soyoil production. The benchmark December contract on the Bursa Malaysia Derivative Exchange rose as much as 67 ringgit to 2,152 ringgit ($631.6) a tonne, a level unseen since Sept. 25. The contract then settled up 62 ringgit at 2,147 ringgit. Trade volumes more than doubled to 21,479 lots of 25 tonnes each, signalling fresh buying.

REGIONAL EQUITIES-BANGKOK, Oct 12 (Reuters) - Singapore stocks climbed to their
highest in almost two weeks on Monday after surprisingly third quarter economic growth sprked buying in banking shares, the Thai index scaled a fresh 15-month high.

Singapore's benchmark Straits Times Index <.FTSTI> ended up 1.1 percent at its highest level since Sept. 30, with DBS Group , Southeast Asia's biggest lender, up 0.8 percent, after the central bank announced no change in its monetary policy stance and better-than-expected GDP growth in the third quarter. Singapore Exchange gained 0.8 percent ahead of its earnings release scheduled for Thursday.

Malaysia <.KLSE> inched down 0.04 percent, after a three-day rise, Indonesia <.JKSE> fell for a fourth day, sliding 0.7 percent while the Philippines <.PSI> lost 0.4 percent, adding on a 0.9 percent decrease on Friday.

In Kuala Lumpur, palm plantation firm IOI Corp was down 0.4 percent, erasing some early losses after Moody's Investors Service changed the outlook of IOI Corp to stable from negative.

FCPO Daily: May challenge 2180-2240 in near term

Market rebounded strongly after the recent consolidation mode. Market gap up and violated the 2100-2130 convincingly. Thus, market looks may want to challenge next resistance at 2180-2240 levels in near term. To the downside, support is pegged at 2118-2085 (gap left over on 12/10/2009)

CBOT Soyoil Daily: Sideways to bias upside potential

A sharp rebound to violate the overhead resistance at USD36 had strengthen further the market upside move. Market may continue to move sideways to bias upside potential in near term. Upside resistance is looking at USD37.50-38.00. Downside support is at USD34-33.00.

NYMEX Crude Daily: Bias to upside potential

A more clearer direction was seen after prices violated the resistance at USD73. Thus, market may want to challenge the next resistance at USD75 in near term. To the downside, support is pegged at USD68-67.

DJI Daily: Ends of Consolidation phase

Market comes to the end of its consolidation phase as prices manage to break out from the recent high at 9917 levels. We expect more room to bias upside potential in near term with upside target is looking at 10,000-10,300 levels. While, downside support is pegged at 9,600-9,400 levels.