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.