Trader's Comment: Palm oil futures ended with little change as it remained in its mix and sideways range trading.

Palm oil futures ended with little change as it remained in its mix and sideways range trading. Benchmark Dec09 hovered between 2121-2096 through out most of the sessions until it finally settled at overnight level. The results of both private cargo surveyors were within market expectation after they released their negative end Sep export data. ITS reported a 7.8% decline while SGS stated a 2.2% drop. Hence, market continue to consolidate at around 2100 level as traders waiting for more new leads while China Dalian Commodity Exchange will be on holiday until 8 Oct in conjunction with their National Day. Asian time NYMEX crude oil edged more than 1% higher in late trading while eCBOT soy oil was rather mix today.

Trader's Highlight

DJI-NEW YORK, Sept 30 (Reuters) - U.S. stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.

The Dow Jones industrial average <.DJI> slipped 29.92 points, or 0.31 percent, to 9,712.28. The Standard & Poor's 500 Index <.SPX> fell 3.53 points, or 0.33 percent, to 1,057.08. The Nasdaq Composite Index <.IXIC> shed 1.62 points, or 0.08 percent, to 2,122.42.

NYMEX-NEW YORK, Sept 30 (Reuters) - U.S. crude oil futures surged nearly 6 percent to end above $70 a barrel on Wednesday as refined product futures rallied on supportive inventory data and traders shrugged off a big increase in crude oil supplies.

On the New York Mercantile Exchange, November crude settled up $3.90, or 5.85 percent, at $70.61 a barrel, trading from $66.22 to $70.72.

CBOT-SOYBEANS - November up 10 cents at $9.27 a bushel. Late fund buying tied to end of the quarter positioning boosted market as did harvest delays in U.S. along with rally in crude oil market and lower dollar.

Larger-than-expected U.S. soybean stocks number in USDA's September report limit gains.

CBOT-SOYOIL - October up 0.50 cent per lb at 33.97 cents per lb; December up 0.48 cent at 34.33. Rally in crude oil lifts soyoil.

FCPO-KUALA LUMPUR, Sept 30 (Reuters) - Malaysian crude palm oil futures edged lower on Wednesday, with traders saying sharp moves are unlikely for much of this week and next due to a lack of new leads and as big buyer China will be on holiday.

The benchmark December contract on the Bursa Malaysia Derivative Exchange shed 7 ringgit to 2,103 ringgit ($607.8) per tonne after going as high as 2,121 ringgit. On Monday, the market fell to 2,082 ringgit, a level unseen since Sept. 14.

REGIONAL EQUITIES-BANGKOK, Sept 30 (Reuters) - Singapore and Thailand eked out
small gains on Wednesday on late buying in big caps such as DBS Group and PTT, but some other Southeast Asian stock markets fell back after a surprise fall in U.S. consumer confidence.

Singapore's index <.FTSTI> ended up 0.4 percent while Thailand's <.SETI> was up 0.25 percent and Indonesia added 0.97 percent. Malaysia <.KLSE> fell 0.5 percent while indexes in the Philippines <.PSI> and Vietnam <.VNI> posted smaller losses.

FCPO Daily: Found immediate support

Consolidation mode is likely to extend in near term following prices defended at 2100 levels. Thus, we continue to look for the downside support and upside resistance at 2070 and 2190-2220 levels respectively.

CBOT Soyoil Daily: in Range trading

Market momentum has been improved a little due to prices gains ground. Thus, market may move in sideways in near term. Immediate downside support remains pegged at USD33.00 followed by USD32. To the upside, resistance is looking at USD35 followed by USD35.30.

NYMEX Crude Daily: Finding base

A sharp rebound after prices manage to find some support around USD65 had neutralized the negative immediate technical landscape. However, more support confirmation is still needed in order to change the current negative view. Hence, market may consolidate and move in sideways manner in near term. As for now, we are looking for the upside resistance and downside support at USD73 and USD65 levels respectively.

DJI Daily: 9600 levels defended well

Market defended well at 9600 levels and rebounded to off low. Thus, we continue to looking for the upside at 10,000 levels. To the downside, support is still pegged at 9600 levels.

FKLI Daily: Consolidation phase is likely to extend

Consolidation phase is likely to extend in near term. Thus, we continue to look for the immediate downside support at 1200 followed by 1190-1185. To the upside, resistance is maintain at 1232-1240.