Breaking News-RTRS-UPDATE 2-India's '08/'09 veg oil imports jump 37 pct

NEW DELHI, Nov 16 (Reuters) - India's vegetable oil imports surged 37 percent to a record in 2008/09, fuelled by higher consumption and low taxes, but imports in October, the last month of the oil year, dipped as expected.
"The current trend gives a hint that imports would touch 10 million tonnes in 2-3 years," said B.V. Mehta, executive director of the Solvent Extractors' Association of India.

Breaking News-RTRS-US soybean crush 155.262 mln bu in October-NOPA

-U.S. OCT SOYBEAN CRUSHINGS 155.262 MLN BU VS SEPT 107.379 MLN--NOPA
-U.S. OCT SOYMEAL EXPORTS 702,121 TONS VS SEPT 328,768 TONS--NOPA
-U.S. OCT SOYOIL STOCKS 2.286 BLN LBS VS SEPT 2.262 BLN--NOPA

Trader's Highlight

DJI-NEW YORK, Nov 16 (Reuters) - U.S. stocks rose broadly on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to spur growth.

Bernanke repeated that the Fed was likely to keep interest rates exceptionally low for "an extended period," a pledge that weighed on the U.S. dollar and drove investors to snap up shares of natural resource companies as prices of global commodities -- from gold to wheat -- shot higher.

In a speech before the Economic Club of New York, Bernanke said the recovery would not be as robust as previously hoped, and rising unemployment and tight bank lending were significant headwinds.

The Dow Jones industrial average <.DJI> gained 136.49 points, or 1.33 percent, to 10,406.96. The Standard & Poor's 500 Index <.SPX> shot up 15.82 points, or 1.45 percent, to 1,109.30 -- its first close above the psychologically important 1,100 level for the first time since October 2008.

The Nasdaq Composite Index <.IXIC> jumped 29.97 points, or 1.38 percent, to 2,197.85.

NYMEX-NEW YORK, Nov 16 (Reuters) - U.S. crude futures ended more than 3 percent higher on Monday as a weakened dollar prompted investors to buy into commodities.

On the New York Mercantile Exchange, December crude settled up $2.55, or 3.34 percent, at $78.90 a barrel, trading from $76.32 to $79.52. On Friday it hit a low of $75.57, the cheapest since prices hit $74.79 on Oct. 15.

CBOT-SOYBEANS - January up 23 cents at $10.10 per bushel. Weak dollar, firm crude oil and gains in equities and gold combine buoy soybean futures. Return to wet weather in portions of U.S. Midwest that will slow soy harvest also supportive.

NOPA October soy crush at 155.262 million bushels, well above trade estimates for 137.9 million.

CBOT-SOYOIL - December up 1.16 cents at 39.77 cents per lb. Support from gains in soybeans, higher crude oil and weak dollar.

NOPA pegs U.S. October soyoil stocks 2.286 billion lbs, versus September 2.262 billion.

FCPO-JAKARTA, Nov 16 (Reuters) - Malaysian crude palm oil futures rose 2.1 percent on Monday to an 11-week closing high supported by strong exports in the first fifteen days of November and a jump in crude oil prices, traders said.

The benchmark February contract on Bursa Malaysia Derivatives Exchange rose 48 ringgit to 2,336 ringgit ($694.20) per tonne, a level not seen since Aug. 28. Overall volume shot up to 19,487 lots of 25 tonnes each from the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Nov 16 (Reuters) - Singapore's stock index <.FTSTI>
climbed to its highest in 15 months on Monday, leading gains in other major Southeast Asian stock markets as investors snapped up banks and CapitaLand gained on plans to list its mall unit.

The Straits Times Index <.FTSTI> ended up 2.1 percent at its highest since Aug. 18, 2008, led by a 5.2 percent surge in United Overseas Bank , a 4.2 percent climb in Oversea-Chinese Banking Corp and a 3 percent gain in DBS .

Malaysia's index <.KLSE> was up 0.6 percent, led by a 2.8 percent rise in financial CIMB Group Holdings following its plan to raise about 4.5 billion baht ($136 million) from a public offering in the Thai market by the middle of 2010.

Its 94 percent owned CIMB Thai Bank gained 2.3 percent on the Thai bourse, while the broader Thai stock market was up 1.2 percent on the day. Among gainers in Kuala Lumpur, shipping firm MISC rose 2.2 percent and Petronas Gas was up 1.5 percent.

FCPO Daily: May want to challenge the gap left over at 2402-2424.

Consolidation phase has come to the ends as market gap up and fully cover the two upside gap, one at 2285-2299 another one at 2335-2352. Thus, market may likely to target the 3rd upside gap left over since 17/8/2009 at 2402-2424. While, to the downside support is pegged at 2305-2273 (gap left over on 16/11/2009).

CBOT soyoil Daily: Fabulous

Market shut all the way up to close firm at above USD40.00 with a long white candle printed had drawn a bullish picture. Thus, market is likely to challenge the upside target at USD40.77 (high since 3/6/2009) following a significant breakout from the overhead resistance at USD39.18. Immediate downside support is lies at USD39.00 followed by USD38.50-38.00.

DJI Daily: Building up base

Market stayed firm at above 10,400 levels following a convincing break out from the overhead resistance at 10,200 levels. This had strengthen further the overall technical landscape to bias upside potential. Thus, market may likely to march higher to challenge the next resistance at 10,500-10,800. To the downside, support is pegged at 10,200-10,000.

FKLI Daily: Slowly inching up

Market is inching up slowly to challenge the recent high at 1286.0. Thus, violation of it may see more room to bias upside potential in near term market. Currently, we are still looking for the immediate upside resistance at 1286 followed by 1300-1310. To the downside, immediate support is lies at 1270 followed by 1262-1258 (unfilled gap left over on 6/11/2009.