Breaking News-RTRS-Indonesia 2010 palm oil exports seen up 6-8 pct - assoc

JAKARTA, Nov 19 (Reuters) - Indonesia's palm oil exports are expected to grow between 6-8 percent in 2010, from 16 million tonnes estimated for this year, an industry official said on Thursday, thanks to buying from India and China. The world's top palm oil producer is expected to produce 22.5 million tonnes of palm oil next year, against 20.5 million tonnes seen for this year, said Fadhil Hasan, executive director of Indonesian Palm Oil Producers Association (GAPKI).

Breaking News-RTRS-Argentina soy area unchanged from week ago-exchange

BUENOS AIRES, Nov 19 (Reuters) - Argentina's 2009/10 soy area was forecast at a record 19 million hectares, unchanged from the previous weekly outlook, the Buenos Aires Grains Exchange said on Thursday.

Trader's Highlight

DJI-NEW YORK, Nov 19 (Reuters) - Shares slumped globally on Thursday and the dollar gained against the euro as investors reassessed optimistic expectations for a rebound in world economic growth.

The Dow Jones industrial average <.DJI> dropped 93.87 points, or 0.9 percent, at 10,322.44. The Standard & Poor's 500 Index <.SPX> fell 14.90 points, or 1.34 percent, at 1,094.90. The Nasdaq Composite Index <.IXIC> dropped 36.32 points, or 1.66 percent, at 2,156.82.

The U.S. dollar and the yen climbed, with major European currencies and the New Zealand and Australian dollars being the biggest losers. Despite the dollar's strength, it has still lost about 20 percent versus the euro since early March.

NYMEX-NEW YORK, Nov 19 (Reuters) - U.S. crude oil futures ended nearly 3 percent lower on Thursday, as Wall Street declined broadly on worries about corporate earnings despite generally positive economic data for the day.

On the New York Mercantile Exchange, December crude , which expires on Friday, settled $2.12 lower, or 2.66 percent, at $77.46 a barrel, trading from $77.06 to $79.87.

CBOT-SOYBEANS - January up 12 cents at $10.39 a bushel. Big export sales of U.S. soy and news from USDA of a sale of U.S. soybeans to China lifts soybean market. Showers that are slowing harvest in some U.S. soybean areas may also underpin prices. Gains limited by firm dollar, lower crude oil and gold and downturn in stock market.

CBOT-SOYOIL - December down 0.30 cent at 39.45 cents per lb. Falling crude oil and firm dollar weigh on soyoil futures.

FCPO-JAKARTA, Nov 19 (Reuters) - Malaysian crude palm oil futures dropped 1.2 percent on Thursday as investors locked in their profits, after the price rose on Wednesday to hit its highest level in more than three months, traders said. Investors shrugged off a leak of the export data showing that Nov. 1-20 exports rose 18 percent to 960,000 tonnes, as the figure had already been priced into the recent rally, traders said. The date is due to be released by cargo surveyor Intertek Testing Service (ITS) on Friday.

The benchmark February contract on the Bursa Malaysia Derivatives Exchange settled down 29 ringgit to 2,371 ringgit ($699.51) per tonne. Overall volume shot up to 18,805 lots of 25 tonnes each, compared to the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Nov 19 (Reuters) - Singapore's stock market gained on Thursday as optimism about the economic outlook pushed up big caps such as SingTel and lender OCBC, while Malaysia showed a modest gain as telecoms firm Maxis made a positive debut.

The Straits Times Index <.FTSTI> rose 0.5 percent, erasing part of a two-day loss of 1.4 percent, with Singapore Telecommunications , Southeast Asia's biggest telecom firm, up 1 percent and Oversea-Chinese Banking Corp 1.2 percent higher.

However, analysts said it may struggle to go higher because of the sector's steep valuations and sluggish growth prospects. Malaysia <.KLSE> edged up 0.12 percent, with top mobile phone operator Maxis making a strong market debut after its $3.3 billion initial public offering, ending at 5.42 ringgit compared with its IPO price of 5.00 ringgit.

FCPO Daily Immediate outlook remains positive

Market took a little breathe after the recent strong rebound to cover until some of the 3rd upside gap. Nevertheless, immediate daily technical reading remains positive. Thus, we are still looking the upside resistance at 2415-2424 (unfilled gap since 17/8/2009) followed by the next resistance at 2521 (high since 13/8/2009) in near term. While to the downside support remains at 2305-2273 (gap left over on 16/11/2009).

FKLI Daily: Showing tiredness mode

Market shows tiredness after tested immediate support at 1270 in intra-day basis. Thus, market may enter into correction zone in near term. Currently, we are still looking for the immediate upside resistance at 1286. To the downside, immediate support is maintain at 1270 followed by 1262-1258 (unfilled gap left over on 6/11/2009.