Announcement: Please be informed that BMDB will be closed on Monday, 1st Feb 2010 (Monday) in conjuction with Federal Territory Day

Breaking News-RTRS-Malaysia may delay palm-biofuel mandate -report

KUALA LUMPUR, Jan 29 (Reuters) - Malaysia, the world's No. 2 palm oil producer, may delay a mandate for blending palm oil-based biofuel with petroleum diesel to next year due to cost concerns, the Star newspaper reported on Friday.
The government has not implemented the biofuel mandate as it struggles to find a willing party to absorb the extra costs arising from the palm oil biofuel blend, the newspaper cited Commodities Minister Bernard Dompok as saying.

Breaking News-RTRS-UPDATE 1-Argentine soy crop on track for record 51 mln T

BUENOS AIRES, Jan 28 (Reuters) - Argentina's 2009/10 soy output is set to rise almost 60 percent from last year's drought-hit harvest to a record 51 million tonnes, Buenos Aires Grains Exchange said Thursday.

Brreaking News-RTRS-China swaps two U.S. soy cargoes, one cargo held

BEIJING, Jan 28 (Reuters) - Chinese buyers who earlier booked U.S. soy cargoes have swapped them for South American ones while the Chinese quarantine authority is holding one U.S. soy cargo at Ningbo port due to quality concerns, traders said on Thursday.

Trader's Highlight

DJI-NEW YORK, Jan 28 (Reuters) - U.S. stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.

Qualcomm Inc shares tumbled 14.2 percent to $40.48 and Motorola Inc slid 12.4 percent to $6.48 after both companies' earnings and outlooks fell short of expectations.

NYMEX-NEW YORK, Jan 28 (Reuters) - U.S. crude futures ended lower for the third consecutive session on Thursday, pressured by sliding equities and persistent demand worries. U.S. stocks fell on lean profit growth outlooks for two bellwether technology shares and jitters over a global economic recovery.

On the New York Mercantile Exchange, March crude settled down 3 cents, or 0.04 percent, at $73.64 a barrel, trading from $72.93 to $74.49.

CBOT-CHICAGO, Jan 28 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.

CBOT-SOYBEANS - March up 2-3/4 cents at $9.31-3/4 bushel. Ends firm on short-covering bounce after the fall on Wednesday to a 3-1/2 month low.

CBOT-SOYOIL - March down 0.17 cent at 36.15 cents per lb. Pressured by weak tone in crude oil.

FCPO-JAKARTA, Jan 28 (Reuters) - Malaysian crude palm oil futures rose 0.9 percent on Thursday along with other markets after U.S. President Barack Obama's promises to boost U.S. jobs and the economy.
However, the combination of ample global vegetable oils supplies and slowing demand may keep a lid on prices and prevent further gains, they said.

REGIONAL EQUITIES-BANGKOK, Jan 28 (Reuters) - Stock markets in Singapore and Indonesia gained about 2 percent on Thursday as positive news from the United States lifted the mood and investors turned their attention to quarterly results.

Sentiment in financial stocks improved after U.S. President Barack Obama toned down his rhetoric against big U.S. banks and confidence was helped by the U.S. Federal Reserve's pledge to keep interest rates near zero for "an extended period".

Singapore's Straits Times Index <.FTSTI> closed up 1.9 percent, after falling for six days to its lowest since Nov. 13. Top lender DBS Group Holdings rose 2.3 percent while commodity share Olam International was up 3.4 percent.

Malaysia <.KLSE> and Thailand <.SETI> lost early gains and closed down 0.1 percent. The Philippines <.PSI> rose 1.4 percent but Vietnam <.VNI> fell for a second day, losing 1 percent.

FCPO Daily: Remains sideways to lower

Market recouped its earlier losses to fully cover the upside gap left over at 2458-2460. However, more strength is still needed in order to change the immediate daily technical landscape from negative to positive. As for now, we continue to look for the immediate support at 2393 followed by 2370-2360. While, upside resistance is pegged 2490-2500 followed by 2520.

FKLI Daily: remains Weak

Overall momentum remains weak despite market rebounded a little. Market looks may continue to move bias downside potential in near term. We continue to look for the resistance and support at 1280-1285 and 1260-1250 levels respeactively.

DJI Daily: Looking support at 10,000

Market is getting closer to the underline support at 10,000 mark. Violation of it may provide more room to bias downside potential in near term market. Next support will be looking at 9930-9850. While, upside resistance is pegged at 10280-10360 levels.

Breaking News-RTRS-UPDATE 2-China meets palm oil festive demand, outlook cloudy

KUALA LUMPUR, Jan 27 (Reuters) - China has met palm oil demand requirements for the Lunar New Year festival earlier than expected and traders say purchases could slow soon after, leading to a weakening in the prices of the vegetable oil.
Ample stocks in China, the world's No. 2 vegetable oil importer, and concerns that its central bank may tighten credit further have clouded the outlook for the palm oil market, which usually gains in the first quarter.

Breaking News-RTRS-Obama to recast agenda to focus on jobs, deficit

WASHINGTON, Jan 27 (Reuters) - President Barack Obama will recast his agenda in a high-stakes address to the American people on Wednesday, focusing on jobs and deficits as he seeks to weather his worst political storm since taking office.
Obama's annual State of the Union speech to Congress at 9 p.m. (0200 GMT Thursday) follows the loss by his Democratic party of a pivotal Senate seat, imperiling legislative priorities like healthcare reform and financial regulation.

Trader's Highlight

DJI-NEW YORK, Jan 27 (Reuters) - U.S. stocks rose on Wednesday after the U.S. Federal Reserve said it will keep interest rates near zero and ahead of President Barack Obama's State of the Union address tonight.

But the Nasdaq got a late surge from a gain of almost 1 percent in the shares of Apple Inc after the iPad's debut.

NYMEX-NEW YORK, Jan 27 (Reuters) - U.S. crude oil futures ended lower on Wednesday as technical selling and data showing higher refined product inventories pressured the energy markets, negating an unexpected big crude stock drawdown.

Adding to oil trading woes, the dollar strengthened further against the euro after the U.S. Federal Reserve issued a statement that it would keep interest rates low for an extended period.

On the New York Mercantile Exchange, March crude settled lower a second straight day, down $1.04, or 1.39 percent, at $73.67 a barrel, trading from $72.65, lowest since the $71.99 low on Dec. 21, to $75.09.

CBOT-CHICAGO, Jan 27 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.

CBOT-SOYBEANS - March down 18-1/2 cents at $9.29 per bushel. Fell to 3-1/2 month low on prospects for record soy output in South America, plentiful U.S. soybean supplies and firmer dollar.

CBOT-SOYOIL - March down 0.45 cent at 36.32 cents per lb. Following soybeans lower.

FCPO-JAKARTA, Jan 27 (Reuters) - Malaysian crude palm oil futures rose nearly 1 percent on Wednesday, bouncing back from the lowest intraday level in nearly 10 weeks on late short covering, traders said.

The upside was capped by the prospect of weak demand from key buyer China, which is needed to reduce inventories in the world's number 2 producer, Malaysia, from a 13-month top in December.

REGIONAL EQUITIES-BANGKOK, Jan 27 (Reuters) - Singapore's index fell for a sixth session on Wednesday, weighed down by selling in Genting and other big caps, while Malaysia hit its lowest in almost a month, with banks suffering the most.

The benchmark Straits Times Index <.FTSTI> ended down 1.2 percent at its lowest since Nov. 13, with top developer CapitaLand dropping 3.1 percent and gaming groupGenting Singapore slumping 5.5 percent.

Malaysia <.KLSE>, Southeast Asia's second-best performer this year, finished 1.3 percent lower, adding to a 1.9 percent loss over the previous three days, with top lender Maybank down 0.44 percent, number two CIMB losing 2.3 percent and Public Bank 1.7 percent lower.

FCPO Daily: 2400 levels tested!

Market rebounded after tested the 2400 physiological support levels at intra-day basis. Nevertheless, the overall immediate technical landscape still in negative mode and looks may continue to move lower in near term. As for now, we continue to look for the immediate support at 2370-2360. While, upside resistance is pegged at 2458-2460 (gap left over on 26/1/2010).

FKLI Daily: Bears conquered

Market extended its losing streak for the consecutive two trading days to end near to day low. Bears conquered the overall momentum and looks may continue to move bias downside potential in near term. As for now, we are looking at the upside resistance at 1280-1285. While, downside support is pegged at 1250.

Breaking News-RTRS-China soy crushing margins fall as pig disease spreads

BEIJING, Jan 26 (Reuters) - China's soy plants' crushing margins fell to breakeven or negative for the first time in months amid large imports and low feed demand after frequent outbreaks of pig disease this month, traders said on Tuesday.

Breaking News-RTRS-UPDATE 1-Indonesia 2010 palm oil exports seen rising 16 pct

JAKARTA, Jan 26 (Reuters) - Indonesia sees its palm oil exports climbing 16 percent this year on strong market prices, following a 12 percent rise last year as the world's largest exporter looks to tap demand from India and China.

Breaking News-RTRS-Soybean prices to fall as big crop looms-Oil World

HAMBURG, Jan 26 (Reuters) - A large upcoming global soybean crop, especially in South America, is set to reduce soybean and soymeal prices in coming months, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.

Breaking News-RTRS-UPDATE 7-Obama to address voter fears in State of Union

WASHINGTON, Jan 25 (Reuters) - President Barack Obama, concerned by voter anxiety over high unemployment, said on Monday he would use his State of the Union speech on Wednesday to reassure Americans worried about jobs and the economy.

Trader's Highlight

DJI-NEW YORK, Jan 26 (Reuters) - U.S. stocks slipped late on Tuesday due to trepidation over churning political and regulatory developments, offsetting solid earnings and improved consumer confidence data.

Gains faded late as investors turned cautious before the Federal Reserve's policy announcement and President Barack Obama's State of the Union address on Wednesday night.

NYMEX-NEW YORK, Jan 26 (Reuters) - U.S. crude oil futures stayed lower in post-settlement trading on Tuesday despite industry data showing a surprise drawdown in crude inventories last week.

Heating oil futures pared losses as total distillate stocks fell below forecast, data from the American Petroleum Institute showed, even though its heating oil component was up slightly.

On the New York Mercantile Exchange at 5:10 p.m. EST (2210 GMT), March crude was down 65 cents at $74.61 a barrel. It had settled down 55 cents, or 0.73 percent, at $74.71, trading from $75.39 to $73.82, lowest since $72.72 was struck Dec. 22.

CBOT-CHICAGO, Jan 26 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.

CBOT-SOYBEANS - March up 7 cents at $9.47-1/2 a bushel. Rebounds from drop to 3-1/2 month low as traders cover short position

CBOT-SOYOIL - March up 0.27 cent at 36.77 cents per lb. Following turnaround in soybeans despite pressure from lower crude oil and firm dollar.

FCPO-KUALA LUMPUR, Jan 26 (Reuters) - Malaysian crude palm oil futures tumbled 2.5 percent on Tuesday, along with other markets on concerns that top commodity buyer China may slow demand after some credit tightening measures came into effect.

Crude oil fell towards $74 a barrel and vegetable oil markets weakened after China's central bank told Chinese banks they needed to raise their reserve ratios.

REGIONAL EQUITIES-BANGKOK, Jan 26 (Reuters) - Singapore stocks fell to two-month lows on Tuesday, leading other Southeast Asian markets lower amid fears China could impose further measures to curb soaring loan growth, potentially dampening the global recovery.

The Straits Times Index <.FTSTI> ended down 2.5 percent at its lowest since Dec. 1, with Keppel Corp , the world's biggest offshore rig maker, sliding 1.6 percent even though it reported a 30 percent rise in fourth-quarter net profit.

Malaysia's index <.KLSE> fell 1.1 percent to its lowest since Jan. 5, Thailand's index <.SETI> eased 1.2 percent to the lowest since Dec. 14, and Indonesia's index <.JKSE> finished 0.8 percent lower, earlier falling to its lowest since Jan. 7.

FCPO Daily: Trying to defend at 2407 levels

Overall technical landscape weakened further following prices close at day low at 2407 (same as recent low on 21/1/2010). Thus, violation of the immediate support at 2407 levels likely to prompt more room to bias downside potential. As for now, we continue to look for the immediate support at 2400 followed by 2370-2360. While, upside resistance is pegged at 2458-2460 (gap left over on 26/1/2010) followed by 2490-2500.

DJI Daily: Surviving at 10,000 mark

Market has been falling down sharply and trying to defend at 10,000 underline support. Nevertheless, immediate daily technical outlook remains weak and look have room to move down further in near term market. Currently, we are looking for the upside resistance at 10,400 to 10,500. Downside support is lies at 10,000 followed by 9930 levels.

FKLI Daily: Losing ground

Market is losing ground after violated the immediate support at 1289 levels. A long black candle printed had dampened the immediate daily technical outlook to bias downside potential. As for now, we look at the upside resistance at 1295 to 1300. While, downside support is pegged at 1274-1272 (gap left over on 4/1/2010) followed by 1265-1250.

Breaking News-RTRS-Brazil soy crop could be revised upward-analyst

SAO PAULO, Jan 25 (Reuters) - Helped by favorable weather in key producing areas, Brazil's 2009/10 soy crop should reach a record 65.1 million tonnes, up from last season's 57 million tonnes, grains analysts Agroconsult projected on Monday.

Breaking News-RTRS-Argentine corn, soy may face drop in soil moisture

SINGAPORE, Jan 25 (Reuters) - Hot and dry weather forecast in Argentina this week will likely reduce soil moisture and threaten yields of developing corn and soybean crops, a forecaster said on Monday.

Trader's Highlight

DJI-NEW YORK, Jan 25 (Reuters) - U.S. stocks snapped a three-day slide on Monday as signs that Federal Reserve Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped ease investors' concerns.

After the closing bell, iPod maker Apple Inc reported sharp gains in quarterly revenue and profit, sending its shares 1.9 percent higher to $207.00 in after-hours trading. The company also said it moved to adopt new accounting standards for its iPhone.

NYMEX-NEW YORK, Jan 25 (Reuters) - U.S. crude oil futures settled lower on Monday, ending a three-day losing streak, as Wall Street rebounded, the dollar fell against most major currencies and refined products bounced from recent losses.

U.S. stocks moved higher as signs that Federal Reserve Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped lift shares beaten down last week.

On the New York Mercantile Exchange, March crude settled up 72 cents, or 0.97 percent, at $75.26 a barrel, trading from $74.06 to $75.42.

CBOT-CHICAGO, Jan 25 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.

CBOT-SOYBEANS - March down 11 cents at $9.40-1/2 a bushel. Weighed down by prospects for a record large South American soybean harvest in 2010. Traders note long liquidation.

CBOT-SOYOIL - March down 0.21 cent at 36.50 cents per lb. Pressure from decline in soybeans.

PALM-KUALA LUMPUR, Jan 25 (Reuters) - Malaysian crude palm oil futures edged higher on Monday after a cargo surveyor reported a strong recovery in exports but high stocks and weak commodity markets limited gains.

Palm oil prices have lost nearly 8 percent so far this year, with most of these losses materialising last week, after U.S. President Barack Obama's proposal to curb financial risk-taking and China's moves to tighten credit roiled financial markets.

REGIONAL EQUITIES-BANGKOK, Jan 25 (Reuters) - Most Southeast Asian stock markets fell on Monday but they regained some lost ground during the session, with a sovereign rating upgrade by Fitch helping Indonesia recover from a three-week low.

Other major markets in the region, including Singapore <.FTSTI>, Malaysia <.KLSE> and Thailand <.SETI>, ended off their lows as U.S. futures gained, signalling New York markets would reverse some of last week's losses.

Among losers in Singapore, Genting Singapore was down 0.8 percent and the biggest lender, DBS Group Holdings , was 0.8 percent lower. But Keppel Land , the property development arm of Keppel Corp , was up 0.3 percent ahead of results.

In Kuala Lumpur, shipper MISC dropped 1.2 percent and telecoms firm Axiata Group was down 0.9 percent.

CBOT Soyoil Daily: Defended at Usc36.55

Market is trying to defend the underline support at Usc36.55. Violation of it may prompted more room to bias downside potential. To the upside, resistance is stood at Usc38.00 to 38.50.

FCPO Daily: Remains in sideways

No further new development as market extended its consolidation mode to move in sideways bias in between 2400 to 2500 levels. As for now, we continue to look for the immediate support at 2400 followed by 2370-2360. While, upside resistance is pegged at 2500-2525 followed by 2540-2550.

Breaking News-RTRS-China's festive demand for palm oil slows as stocks rise

KUALA LUMPUR, Jan 22 (Reuters) - China has slowed palm oil purchases ahead of the Lunar New Year as port stocks are above 350,000-400,000 tonnes after heavy buying in the last two months of 2009, Asian vegetable oil traders said on Friday.
Although palm oil stocks at ports are 42 percent lower than the recent high level of 600,000 tonnes hit in July last year, demand has slowed, Chinese traders said.

Breaking News-RTRS-UPDATE 1-Indonesia says to set palm oil exports quota in 5 years

JAKARTA, Jan 22 (Reuters) - Indonesia, the world's top palm oil producer, is planning to set an exports quota for the tropical oil within the next five years in order to boost the by-product industry, Industry Minister M.S. Hidayat said on Friday.

Breaking News-RTRS-US soybean seen down near term on supply-Allendale

CRYSTAL LAKE, Ill., Jan 23 (Reuters) - Research and advisory firm Allendale, Inc said U.S. soybean prices would sink over the next two to three months, pressured by heavy supplies due to a record-large South American harvest this spring.

Trader's Highlight

DJI-NEW YORK, Jan 22 (Reuters) - U.S. stocks capped their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits, and tech shares slumped after Google Inc's disappointing results.

Uncertainty about the Senate's confirmation of Ben Bernanke for another term as the Federal Reserve's chairman also rattled investors in a week when political squabbles helped erase stocks' gains for 2010.

NYMEX-NEW YORK, Jan 22 (Reuters) - U.S. crude oil futures ended at their lowest level in four weeks on Friday as Wall Street dropped sharply on plans to limit trading by banks and oil demand in China and the United States remained a concern.

Wednesday's government inventory data showing a big jump in gasoline supplies last week and continued signs of weak demand for distillates hung over the market, traders said.

On the New York Mercantile Exchange, March crude settled down $1.54, or 2.02 percent, at $74.54 a barrel, down for a third straight day and marking the lowest close since Dec. 22's $74.40. It traded from $74.31, lowest since the Dec. 23 intraday low of $74.25, to $76.50.

CBOT-CHICAGO, Jan 22 (Reuters) - Chicago Board of Trade grains and soy complex close on Friday.

CBOT-SOYBEANS - March down 2-1/2 cents at $9.51-1/2 per bushel.Pressured by Obama administration proposal to restrict banks's ability to trade and/or invest in commodities, plus prospects for bumper soy crops in South America. Some underpinning from worries about hotter/drier weather in Argentina, and strong U.S. export sales.

CBOT-SOYOIL - March down 0.29 cent at 36.71 cents per lb. Following soybeans and early declines in crude oil.

FCPO-KUALA LUMPUR, Jan 22 (Reuters) - Malaysian crude palm oil futures ended 1.3 percent lower on Friday as a new U.S. proposal to limit financial risk taking took commodities across the board lower [COM/WRAP] but traders say the market was likely to recover next week.

Palm oil prices have lost nearly 8 percent so far this year, with much of the losses made this week due to high stocks, slowing exports and China's moves to tighten credit.

REGIONAL EQUITIES-BANGKOK, Jan 22 (Reuters) - Southeast Asian stock markets fell on Friday, with Singapore's index hitting a one-month low, weighed down by selling in financials and other big-caps.

The U.S. government's proposed bank restrictions fuelled concern about banks' profits and global growth, hitting stock markets across the board.

Singapore's Straits Times Index <.FTSTI> ended down 1.1 percent, with DBS Group off 1.6 percent, United Overseas Bank down 1.5 percent and Oversea-Chinese Banking Corp 1.1 percent lower.

Malaysia's index <.KLSE> fell to its lowest since Jan. 18, down 0.6 percent, led by a 1.2 percent loss in financial firm CIMB Group and a 1 percent drop in Malayan Banking . But Malaysia fared best on the week, edging up 0.14 percent, with other Southeast Asian stock markets posting a loss.

FCPO Weekly: Defended at 2400 levels

Market is trying to defend at 2400 levels after straight three weeks losses. Overall momentum getting weaker and market may continue to move sideways to lower in near term. As for now, we are looking for the immediate upside resistance at 2650. To the downside, immediate support is lies at 2400 followed by 2305-2285 (gap left over on 22/11/2009).

NYMEX Crude Weekly: Weaken further

Market momentum weaken further and looks market may continue to move sideways to lower in near term. Hence, upside resistance remains stood at USD83.95 and downside support is lies at USD72.00 to USD68.50.

DJI Weekly: Looks tiredness

Market tested the fresh high at 10,729 levels but failed to sustain. Market looks little tiredness and may due for a correction in near term. Upside resistance and downside support is pegged at 10,730 and 10,000 levels respectively.

FKLI Weekly: Facing some resistance

Market looks facing some resistance to march higher after hits the fresh high at 1307 levels. Thus, market may due for a consolidation phase in near term. To the upside, immediate resistance is looking at at 1310 followed by 1314-1348 (gap left over on 29/2/2008). To the downside, support is pegged at 1285-1275 followed by 1265-1250.

Trader's Highlight

DJI-NEW YORK, Jan 21 (Reuters) - U.S. stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.

Major banks slid, with Goldman Sachs falling 4.1 percent despite posting stronger-than-expected fourth-quarter results, and JPMorgan Chase & Co shed 6.6 percent, after Obama proposed limiting how banks invest their own money.

NYMEX-NEW YORK, Jan 21 (Reuters) - U.S. crude oil and refined product futures slumped to four-week lows on Thursday in a sell-off triggered by government data showing an unexpected large build in gasoline stocks last week.

A slide in U.S. equities after President Barack Obama aired a proposal to limit banks' risk-taking also pressured the energy markets.

On the New York Mercantile Exchange, new front-month March crude settled down $1.66, or 2.14 percent, at $76.08 a barrel, down a second day. It traded from $75.66, the lowest since Dec. 23's intraday low of $74.25, and $78.36.

CBOT-CHICAGO, Jan 21 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.

CBOT-SOYBEANS - March up 4 cents at $9.54 per bushel. Rebound off this week's three-month lows. Firm cash soymeal market and fresh sales to China add support. Some support from talk of hotter/drier weather in parts of Argentina, but overall excellent soy growing weather continues in South America

CBOT-SOYOIL - March up 0.43 cent at 37.00 cents per lb. Recovering from oversold signals after past week's price slide.

FCPO=KUALA LUMPUR, Jan 21 (Reuters) - Malaysian crude palm oil futures rebounded from their weakest in two months on Thursday as traders took up positions after rival vegetable oil markets rose.

Traders said palm oil as well as U.S. and China soyoil markets gained after falling on concern that key commodities importer China could tighten credit after a slew of positive economic data.

REGIONAL EQUITIES-BANGKOK, Jan 21 (Reuters) - Singapore's stock index fell more
than 1 percent on Thursday, while Indonesia snapped a five-day winning streak to hit a one-week low. Investors worried that China would take more measures to cool its economy after reporting its fastest quarterly growth in two
years.

Singapore's Straits Times Index <.FTSTI> ended down 1.5 percent at its lowest since Dec. 28, with CapitaLand losing 4.3 percent to its lowest since Dec. 31.
Malaysia's index <.KLSE> hovered around 22-month highs, edging up 0.13 percent, led by Malayan Banking and Axiata Group , which gained more than 1 percent.

Malaysia's stock market valuations look stretched but builders and exporters may shine, helped by the recovery in the economy at home and abroad, said Malaysian fund manager Public Mutual.

NYMEX Crude Daily: Sideways to lower

Bears continue to strike as prices failed to hold ground. Thus, market may continue to move lower in near term. Hence, upside resistance is now looking at USD79.00 to 80.00. Downside support is adjusted to USD75.00.

FCPO Daily: Enter into consolidation phase

Market survived at above 2400 levels after covered the downside gap at 2428-2419. It then rebounded to close off the day high with printed a long white candle. Thus, market may enter into consolidation phase since 2400 levels provided pretty good support. To the downside, immediate support is lies 2400 followed by 2370-2360. While, upside resistance is pegged at 2500-2525 followed by 2540-2550.

Trader's Highlight

DJI-NEW YORK, Jan 20 (Reuters) - The Dow suffered its worst drop of 2010 on Wednesday as U.S. stocks succumbed to fears that China's curbs on bank lending might jeopardize the global economic recovery, while IBM's outlook sparked caution about
the technology sector.

Chinese authorities have ordered some major banks to curb their lending over the rest of this month after an early burst of credit, banking industry sources said.

NYMEX-NEW YORK, Jan 20 (Reuters) - U.S. crude oil futures stayed lower in post-settlement trading on Wednesday even though industry data showed that crude inventories fell last week, going against forecasts that stockpiles increased.

The American Petroleum Institute said that for the week to Jan. 18, crude stocks fell 1.8 million barrels while distillate inventories, which include heating oil supplies, dropped 3.4 million barrels.

On the New York Mercantile Exchange, incoming front-month March crude was down $1.65, or 2.08 percent, at $77.67 a barrel, after falling as low as $77.13. It had settled down $1.58, or 1.99 percent, at $77.74 a barrel, trading from $77.28 to $79.36.

CBOT-CHICAGO, Jan 20 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.

CBOT-SOYOIL - March down 0.58 cent at 36.57 cents per lb.

CBOT-SOYBEANS - March down 13-1/2 cents at $9.50 per bushel. Firm dollar, weak crude oil and concerns about the economy in world's top soy buyer China add pressure. Spot contract fell to a three-month low on continuous price chart.

FCPO-KUALA LUMPUR, Jan 20 (Reuters) - Malaysian crude palm oil futures dropped 1.9 percent on Wednesday as high opening stocks this month outweighed a cargo surveyor report of higher exports.

Prices of the vegetable oil, which hit a seven-month high in early January, have been sliding due to high stocks and weaker commodity markets.

The benchmark April contract on the Bursa Malaysia Derivatives Exchange dropped 46 ringgit to 2,444 ringgit ($730.2) per tonne. Overall volume more than doubled to 21,491 lots of 25 tonnes each by the end of the session.

REGIONAL EQUITIES-BANGKOK, Jan 20 (Reuters) - Indonesia hit a 22-month high on
Wednesday as financials and telecoms attracted buying interest because of optimism over the global economy, while Malaysia scaled a similar peak as earnings hopes pushed up Axiata.

Malaysia's index <.KLSE> rose 0.5 percent, earlier hitting its highest since March 5, 2008, with number two telecoms firm Axiata surging 6.5 percent.

Elsewhere, Singapore <.FTSTI> fell 0.7 percent, weighed down by a 1.6 percent loss in Genting Singapore and a 0.8 percent drop in top lender DBS Group .

FCPO Daily: Sideways to lower move likely to continue

Market continue its losing streak as prices weaken further. Thus, we maintain our view sideways to lower in near term. To the downside, immediate support is lies at 2428-2419 (gap left over on 29/11/2009)followed by 2370-2360. While, upside resistance is pegged at 2472-2475 (gap left over on 20/1/2010) followed by 2500.

Trader's Highlight

DJI-NEW YORK, Jan 19 (Reuters) - U.S. stocks rose broadly on Tuesday, lifting the Dow and the S&P 500 to fresh 15-month closing highs as investors bet a potential Republican victory in Massachusetts' Senate race could stall Obama's reform agenda.

Wall Street also got a boost from technology shares, which rallied in anticipation of strong earnings from bellwether International Business Machines Corp , which rose 1.8 percent to $134.14, making it the Dow's top boost.

NYMEX-NEW YORK, Jan 19 (Reuters) - U.S. crude oil futures ended higher on Tuesday, snapping a five-session losing streak and reversing earlier losses as gains on Wall Street overpowered a stronger dollar, milder weather and ample oil inventories.

U.S. stocks rose as investors scooped up healthcare shares as they bet that a potential Republlican victory in Massachusetts' Senate race could stall President Barak Obama's reforms and remove a threat to profits in the sector.

On the New York Mercantile Exchange, February crude settled up $1.02, or 1.31 percent, at $79.02 a barrel. It traded from $76.76, lowest since $76.19 was struck on Dec. 24, to a high of $79.10.

CBOT-CHICAGO, Jan 19 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.

CBOT-SOYBEANS - March down 10-1/2 cents at $9.63-1/2 per bushel. Good crop weather in South America and firm dollar combine to weigh on soy futures.

CBOT-SOYOIL - March down 0.38 cent at 37.15 cents per lb.

FCPO-JAKARTA, Jan 19 (Reuters) - Malaysian crude palm oil futures closed flat on Tuesday, giving up gains of almost 1 percent as market players scaled back expectations for the exports data, which are due out on Wednesday and cover Jan.1-20, traders said.

There was talk earlier in the day that palm exports for Jan. 1-20 were in the range of 950,000-990,000 tonnes, well above the December figure of 858,307 tonnes. But later in the day, market talk put the number at closer to 927,000 tonnes.

REGIONAL EQUITIES-BANGKOK, Jan 19 (Reuters) - Most Southeast Asian stock markets edged higher on Tuesday but Thai stocks fell more than 1 percent to their lowest in over a week due to selling in heavyweight energy and banking shares.

Singapore's index <.FTSTI> edged up 0.03 percent, with CapitaLand climbing 1.9 percent as it bought the property unit of Orient Overseas (International) <0316.HK> for $2.2 billion as part of its goal to increase assets in China to
45 percent of its total over five years.

Malaysia's index <.KLSE> inched up 0.2 percent, earlier touching its highest since May 16, 2008, with Public Bank up 1.7 percent and Maxis up 0.8 percent.

Trader's Highlight

DJI-NEW YORK, Jan 15 (Reuters) - Profits from top U.S. technology companies like IBM and financial companies like Goldman Sachs Group Inc next week could help stocks gain as long as investors see room for more profit growth.

Stronger-than-expected results late Thursday from tech bellwether Intel Corp failed to excite investors on Friday, while steep loan losses reported by JPMorgan Chase & Co. dragged down the market.

NYMEX-NEW YORK, Jan 15 (Reuters) - U.S. crude oil futures ended lower for the fifth day in a row on Friday as milder Northeast temperatures signaled weaker heating oil demand. A stronger dollar added pressure, prompting traders to pare positions in oil and other commodities.

On the New York Mercantile Exchange, February crude , which expires on Wednesday, settled down $1.39, or 1.75 percent, at $78 a barrel, the lowest close since Dec. 23's $76.67. For the week, it fell $4.75, or 5.7 percent, biggest weekly loss since week to Dec. 11's fall of $5.60, or 7.4 percent. It traded from $79.31 down to $77.70, lowest since Dec. 14's $76.19 intraday low.

FCPO-JAKARTA, Jan 18 (Reuters) - Malaysian crude palm oil futures ended slightly lower on Monday, recouping most of the day's 2.2 percent loss as investors moved to cover their short positions in an oversold market, traders said.
The tropical oil hit an eight-week low in early trade, extending a 5.3 percent fall from last week as the market was dragged down by weaker crude oil and rival soy prices.

REGIONAL EQUITIES-BANGKOK, Jan 18 (Reuters) - Singapore and Thai shares eked out small gains on Monday, with Siam City Bank climbing in Bangkok after another potential buyer emerged for a stake, but sentiment around the region was weak.

Several Southeast Asian stock markets ended in negative territory after number two U.S. bank JPMorgan reported heavy losses on mortgage and credit card loans, which cast doubt on consumer demand in the United States, a huge export market for Asia.

Singapore's index <.FTSTI> inched up 0.12 percent, with casino operator Genting Singapore advancing 3.2 percent as the top traded stock on the bourse, followed by Golden Agri , which gained 1.8 percent.

Malaysia's index <.KLSE> dipped 0.05 percent, weighed down by a 1.3 percent loss in palm plantation firm IOI Corp and a 0.11 percent loss in its peer, Sime Darby , as palm oil futures fell to eight-week lows.

Breaking News-RTRS-China Jan soy imports seen high at 4.5 mln T-CNGOIC

BEIJING, Jan 15 (Reuters) - China's soy imports in January are likely to stay strong at about 4.5 million tonnes after monthly imports hit a record in December at 4.78 million tonnes, according to an official report.
Falling prices on the Chicago Board of Trade <0#S:> soy could prompt Chinese buyers to increase purchases from South America in coming weeks after they booked more than 20 million tonnes from the United States, said the China National Grain and Oils Information Centre (CNGOIC).

Trader's Highlight

DJI-NEW YORK, Jan 15 (Reuters) - U.S. stocks slid from 15-month highs on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.

Also weighing on stocks was consumers' caution about the economy as reflected in The Reuters/University of Michigan Surveys of Consumers. It showed preliminary sentiment was weaker than expected in early January due to worries over income and high unemployment.

NYMEX-NEW YORK, Jan 15 (Reuters) - U.S. crude oil futures ended lower for the fifth day in a row on Friday as milder Northeast temperatures signaled weaker heating oil demand. A stronger dollar added pressure, prompting traders to pare positions in oil and other commodities.

On the New York Mercantile Exchange, February crude , which expires on Wednesday, settled down $1.39, or 1.75 percent, at $78 a barrel, the lowest close since Dec. 23's $76.67. For the week, it fell $4.75, or 5.7 percent, biggest
weekly loss since week to Dec. 11's fall of $5.60, or 7.4 percent. It traded from $79.31 down to $77.70, lowest since Dec. 14's $76.19 intraday low.

CBOT-CHICAGO, Jan 15 (Reuters) - Chicago Board of Trade grains and soy complex close on Friday.

CBOT-SOYBEANS - March down 10 cents at $9.74 per bushel.Dragged down by good crop weather in South America's soy areas, a firm dollar and weak crude oil. Declines limited by short-covering after the steep slide in prices this week.

CBOT-SOYOIL - March down 1.00 cent at 37.53 cents per lb. Drop in crude oil lends pressure.

FCPO-JAKARTA, Jan 15 (Reuters) - Malaysian crude palm oil futures suffered their worst week in nearly four months, closing Friday's session down 5.3 percent from a week ago, dragged by weaker crude oil and rival soy prices, traders said.

On the day, the benchmark March contract on the Bursa Malaysia Derivatives Exchange settled down 43 ringgit, or 1.7 percent, at 2,487 ringgit ($745), its weakest close since Dec. 3.

REGIONAL EQUITIES0-BANGKOK, Jan 15 (Reuters) - Singapore's benchmark index ended flat on Friday and Thai stocks retreated after two days of gains because of losses in banking and energy shares. The Straits Times Index <.FTSTI> closed 0.04 percent lower, with Ezra Holdings sliding 4.6 percent on profit-taking, even though the marine energy services firm reported a 93 percent rise in quarterly net profit on Thursday.

Malaysia <.KLSE> was up 0.3 percent, with gaming group Genting up 1.2 percent and Public Bank 1.04 percent higher. But shares in Malaysian rubber glove makers ran into profit-taking, with Supermax down 7.8 percent, Adventa down 6.6 percent and Kossan Rubber dropping 1.8 percent.

CBOT Soyoil Weekly: Bulls failed to defend

Bulls failed to defend following underlying support at USc38.06 violated. Next support is looking at Usc36.55. to the upside, resistance is stood at Usc40.00.

NYMEX Crude Weekly: Consolidation phase likely to continue

Consolidation phase looks likely to continue after prices failed to stay firm above USD80 levels. Hence, upside resistance is pegged at USD83.95 and downside support is adjusted to USD72.00 to USD68.50.

FCPO Weekly: Sideways to lower

Market extended its losing streak for straight two weeks had dampened further the immediate technical landscape. Market looks may move sideways to lower in near term following prices continue to lose ground. As for now, we are looking for the immediate upside resistance at 2650-2670. To the downside, immediate support is lies at 2428-2419 (gap left over on 29/11/2009)followed by 2305-2285 (gap left over on 22/11/2009).

DJI Weekly: More strength is needed

Market tested the immediate upside resistance at 10,500 levels but not at closing. More strength is still needed in order for a more sustainable rally in near term. Thus, we maintain the upside resistance at 10,800. To the downside, support is remains at 10,000.

FKLI Weekly: Bulls march higher

Bulls recharged energy to march higher and stayed at 1300 levels at close. Thus, we maintain positive view towards near term market with immediate upside resistance is looking at at 1310 followed by 1314-1348 (gap left over on 29/2/2008). To the downside, support is pegged at 1285-1275 followed by 1265-1250.

Breaking News- RTRS-US soybean crush 164.377 mln bu in December-NOPA

U.S. DEC SOYBEAN CRUSHINGS 164.377 MLN BU VS NOV 160.259 MLN--NOPA
U.S. DEC SOYMEAL EXPORTS 1,282,225 TONS VS NOV 981,565 TONS--NOPA
U.S. DEC SOYOIL STOCKS 2.594 BLN LBS VS NOV 2.411 BLN--NOPA

Trader's Highlight

DJI-NEW YORK, Jan 14 (Reuters) - Global stock markets lacked conviction on Thursday, closing just marginally higher before technology bellwether Intel reported better-than-expected earnings that will likely boost Friday's trading.

The results - a 28 percent increase in fourth-quarter revenue plus a financial forecast well ahead of Wall Street's expectations - helps soften the early disappointing U.S. retail sales and weekly jobless claims data that undermined U.S. stocks.

NYMEX-NEW YORK, Jan 14 (Reuters) - U.S. crude oil futures ended lower for the fourth session in a row on Thursday, weighed down by ample petroleum inventories and as the latest retail sales and jobless claims data fueled more worries about the U.S.
economic recovery.

In late trading, prices briefly edged up, though remaining range-bound, as some traders cited new U.S. regulatory proposals on position limits as not as adverse as feared.

On the New York Mercantile Exchange, February crude settled down 26 cents, or 0.33 percent, at $79.39 a barrel, trading from $78.92 to $80.36.

CBOT-CHICAGO, Jan 14 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.

CBOT-SOYBEANS - January expired down 15 cents at $9.68-1/2 a bushel; March down 8-1/2 cents at $9.84 a bushel. Continued good crop weather in South America remains a bearish factor even as NOPA crush data indicates strong usage. Market continues to digest this week's bearish USDA production and stocks data.

CBOT-SOYOIL - January expired down 0.83 cent at 37.80 cents per lb; March down 0.48 cent at 38.53 cents.

FCPO-JAKARTA, Jan 14 (Reuters) - Malaysian crude palm oil futures rose 0.8 percent on Thursday on market talk of a recovering demand for exports and on short-covering after a nearly 2 percent loss the previous day, traders said.

They said there was market talk that exports for the first 15 days of January would rise about 12.5 percent to 680,000 tonnes from a month ago, bouncing back from a drop in the first 10 days, as shipments for the Jan. 11-15 period were strong.

REGIONAL EQUITIES-BANGKOK, Jan 14 (Reuters) - Thailand's main stock index climbed to a three-month high on Thursday and Indonesian shares hit their highest in almost two years, with energy and resource shares such as PTT and Adaro energy leading the way.
Sentiment in Asian bourses improved as fears receded that China's policy tightening would slow its demand.

Singapore's index <.FTSTI> ended 0.7 percent higher, with Keppel Corp and Singapore Telecoms more than 1 percent higher.

Malaysia's index <.KLSE> rose 0.4 percent, led by a rise of nearly 2 percent in shipper MISC and a 1.5 percent climb in gaming group Genting .

FKLI Daily: Holding well

1300 mark was tested but yet to break through convincingly. A concrete base has been building up and market likely to move higher in near term. To the upside, we are looking at the resistance at 1310 followed by 1314-1348 (gap left over on 29/2/2008). To the downside, support is pegged at 1289.

FCPO Daily: Bears conquered

Immediate technical landscape is still conquered by bears despite prices manage to cover the upside gap left over at 2525-2541 levels. We maintain our view sideways to bias downside potential in near term. To the upside, we continue to look for the resistance at 2570-2572 (gap left over on 12/1/2010). To the downside, immediate support is lies at 2480-2445 followed by 2428-2419 (gap left over on 23/11/2009).

Breaking News-RTRS-NOPA December U.S. crush seen at 161.05 mln bu

CHICAGO, Jan 13 (Reuters) - National Oilseed Processors Association monthly crush data to be issued Thursday morning should show the December U.S. soybean crush at 161.05 million bushels, analysts projected on Wednesday.
Trade estimates ranged from 157 million to 163 million bushels.

Trader's Highlight

DJI-NEW YORK, Jan 13 (Reuters) - Risky assets, including stocks and higher-yielding currencies, rebounded on Wednesday on solid earnings expectations and a view that this week's surprise monetary tightening in China bodes well for recovery.

Gold edged higher as a decline in oil prices offset the positive effect of a weaker U.S. dollar, which earlier helped the precious metal recoup a 2 percent drop on Tuesday.

NYMEX-NEW YORK, Jan 13 (Reuters) - U.S. crude oil ended lower for the third consecutive session on Wednesday, stung by government data showing petroleum supplies rose last week.

Data from the Energy Information Administration, a unit of the Department of Energy, showed crude and gasoline inventories rose much more than expected last week.

On the New York Mercantile Exchange, February crude settled down $1.14, or 1.41 percent, at $79.65 a barrel, after trading from a high of $80.67 to $78.37, lowest since Dec. 29's low of $78.02.

CBOT-CHICAGO, Jan 13 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.

CBOT-SOYBEANS - January up 14 cents at $9.83-1/2 a bushel, March up 14-1/2 at $9.92-1/2 a bushel. Turns higher on bull-spreading, with nearby months gaining on deferreds amid slowdown in South American farmer selling. Strong export and domestic usage lends support.

CBOT-SOYOIL - January up 0.37 cent at 38.63 cents per lb; March up 0.38 cent at 39.01 cents. Followed soybeans higher.

FCPO-JAKARTA, Jan 13 (Reuters) - Malaysian crude palm oil futures closed down 1.8 percent on Wednesday, taking cues from weak crude oil as well as soyoil markets, with China's monetary tightening also hurting sentiment, traders said.

Expected slower demand also put pressure on the palm market. The benchmark March contract on the Bursa Malaysia Derivatives Exchange closed down 46 ringgit at 2,510 ringgit ($750).

REGIONAL EQUITIES-BANGKOK, Jan 13 (Reuters) - Singapore shares fell to their lowest in nearly two weeks lows on Wednesday, leading losses on most other Southeast Asian bourses after China moved to tighten monetary conditions by raising banks' reserve requirements.

Singapore's benchmark index <.FTSTI> slid 0.95 percent, at one stage touching its lowest since Dec. 31, with financial shares among decliners. Top bank DBS fell 1.1 percent and number two United Overseas Bank lost 1.2 percent.

Malaysia's index <.KLSE> fell 0.3 percent to its lowest since Jan. 6, with financial firm CIMB Group down 0.7 percent and telecoms firm Axiata Group nearly 1 percent lower.

CBOT Soyoil Daily: Defended

Underlying support at USc38.06 is still well defended following prices manage to rebound. Hence, we are now looking for the upside resistance at Usc39.50-40.00. Downside support is still lies at Usc38.06.

FCPO Daily : Weaken further

Immediate technical outlook weakened further despite prices tested the underlying support at 2481 and rebounded to close off the low. As for now, we are looking for the immediate upside resistance at 2525-2541 (gap left over on 12/1/2010) followed by 2570-2572 (gap left over on 12/1/2010). To the downside, immediate support is lies at 2480-2445 followed by 2428-2419 (gap left over on 23/11/2009).

Breaking News-RTRS-Oil World sees slowdown in U.S. soybean exports

HAMBURG, Jan 12 (Reuters) - U.S. soybean exports are likely to slow down in the next three months as new crop supplies from South America enter global markets faster than normal but U.S. soyoil exports will remain high, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"U.S. soybean exports are likely to slow down notably in the Jan./Mar. 2010 quarter due to increasing South American supplies," it said.
"In Brazil, farmers planted a larger area with early-maturing soybeans and we expect that relatively large quantities of new-crop soybeans will already become available in January and that Brazilian soybean exports will be higher than last year in Jan./Feb. 2010."
Prospects for the early 2010 soybean crop in Brazil and Argentina have improved and there are indications of late extra sowings in Argentina as farmers seek to cash in on attractive world prices, it said.

Breaking News-RTRS-Oil world sees palm oil prices remaining high

HAMBURG, Jan 12 (Reuters) - Global palm oil prices are likely to remain high in coming months despite recent weakness, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"Palm oil prices will indeed be supported in the next four to six months, considering that soyoil supplies are still tight in South America, sun oil supples are becoming increasingly scarce and the production prospects for palm oil are at least uncertain," it said.

Trader's Highlight

DJI-NEW YORK, Jan 12 (Reuters) - U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic
recovery.

President Barack Obama is considering a levy on financial services firms to recoup losses from the Troubled Asset Relief Program as part of the fiscal 2011 budget, according to a senior U.S. official.

The potential fee could raise as much as $120 billion to cover taxpayer losses stemming from government bailouts, according to official sources.

Investors feared that a levy might hurt bank profits at a time when the sector was trying to recover from the financial crisis, analysts said.

The Dow Jones industrial average <.DJI> dropped 36.73 points, or 0.34 percent, to 10,627.26. The Standard & Poor's 500 Index <.SPX> fell 10.76 points, or 0.94 percent, to 1,136.22. The Nasdaq Composite Index <.IXIC> slid 30.10 points,
or 1.30 percent, to 2,282.31.

News that China's central bank was tightening monetary conditions in response to increasing concerns about the economy overheating added to the negative tone.

NYMEX-NEW YORK, Jan 12 (Reuters) - U.S. crude oil futures fell for the second day in a row on Tuesday after a surprise bank reserve tightening in China raised concerns that Chinese demand for petroleum could fall.

China on Tuesday raised the proportion of deposits that banks must hold in reserve, another sign that the fast-growing Asian country has started to tighten monetary policy.

The American Petroleum Institute will release oil inventory data at 4:30 p.m. EST (2130 GMT) on Tuesday.

The U.S. Energy Information Administration's report will be released at 10:30 a.m. EST (1530 GMT) on Wednesday.

On the New York Mercantile Exchange, February crude settled at $80.79 a barrel, down $1.73, or 2.1 percent, trading from $80.24 to $82.34.

CBOT-SOYBEANS - January down 32-1/4 cents per bushel at $9.69-1/2. March down 32-1/2 cents per bushel at $9.78.

Pressure from USDA's crop report that showed U.S. 2009 soy production and ending stocks above trade estimates. Good crop weather in South America, falling crude oil also weigh. Soybeans touch lowest level since Nov. 12.

USDA put 2009 U.S. soy production at a record 3.361 billion bushels, above the average trade estimate for 3.338 billion.

USDA raised U.S. 2009/10 soy ending stocks to 245 million bushels, above an average estimate for 235 million.

CBOT-SOYOIL - January down 0.93 cent per lb at 38.26 cents per lb. March down 0.92 at 38.63. Following soybeans and lower crude oil.

FCPO-JAKARTA, Jan 12 (Reuters) - Malaysian crude palm oil futures dropped 1.1 percent on Tuesday to the weakest closing level in nearly three weeks amid faltering crude oil prices and lingering concerns over stock build up, traders said.

The benchmark March contract on the Bursa Malaysia Derivatives Exchange settled down 29 ringgit at 2,556 ringgit ($764.69), the lowest level since Dec. 24. Overall volume was 17,942 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Jan 12 (Reuters) - Indonesia's benchmark index rose
one percent to its highest level in almost two years as banking shares rose on positive outlook, while most other Southeast Asian stock markets slipped back after recent strong runs.

Singapore's index <.FTSTI> fell 0.6 percent after a two-day run to 17-month highs, with Singapore Telecoms dropping 1.7 percent and palm plantation stock Golden Agri losing 4.7 percent after an almost seven percent surge on Monday.

Malaysia's index <.KLSE> inched down 0.1 percent at 1,292.85. Citigroup said it has raised its year-end target for Malaysia's benchmark share index to 1,400 points from 1,300 points.

Investors took profits on recent gainers such as palm plantation firm Sime Darby which lost one percent as Malaysian crude palm oil futures dropped to near three-week lows on Tuesday. Maxis , which gained on Monday, was down almost one percent on Tuesday's session.

CBOT Soyoil Daily: looks Fragile

Bulls took a breathe after tested the recent high at Usc41.91. Immediate technical landscape looks fragile as Bears may strike anytime if underlying support at USc38.06 failed to defend. Next support will be looking at Usc37.50.

NYMEX Crude Daily: Entering into consolidation phase

Market is entering into consolidation phase after tested the recent high at USD83.95. Hence, upside resistance is now looking at USD83.95 followed by USD85.00. Downside support is adjusted to USD79.00-78.00.

FCPO Daily: Bears strike

Bears strike following bulls failed to defend. Immediate technical outlook is losing its upward momentum to bias downside potential. As for now, we are looking for the immediate upside resistance at 2570-2572 (gap left over on 12/1/2010) followed by 2630-2650. To the downside, immediate support is lies at 2540-2535 followed by 2500-2480 levels.

Breaking News-RTRS-Malaysia's Dec palm oil stocks surge 15.7 pct-MPOB

RTRS-MALAYSIA'S DEC PALM OIL OUTPUT -4.73 PCT FROM NOV - MPOB
RTRS-MALAYSIA'S DEC END-STOCKS UP 15.72 PCT FROM NOV - MPOB
RTRS-MALAYSIA'S DEC PALM OIL EXPORTS DOWN 19.47 PCT FROM NOV - MPOB

Trader's Highlight

DJI-NEW YORK, Jan 11 (Reuters) - U.S. industrial shares lifted the Dow and the S&P 500 on Monday to new 15-month highs after China bolstered expectations the world economy would strengthen, but Nasdaq fell on profit-taking in tech stocks.

China reported record imports of some commodities and stronger-than-expected exports, boosting U.S. companies with large international operations like construction machinery maker Caterpillar Inc

The Dow Jones industrial average <.DJI> gained 45.80 points, or 0.43 percent, to 10,663.99. The Standard & Poor's 500 Index <.SPX> rose 2.00 points, or 0.17 percent, to 1,146.98. The Nasdaq Composite Index <.IXIC> fell 4.76 points, or 0.21 percent, to 2,312.41.

NYMEX-NEW YORK, Jan 11 (Reuters) - U.S. crude oil futures ended lower on Monday as forecasters called for milder U.S. weather ahead, after the recent freeze.Resistance stiffened near $84, prompting a selloff by market bears.

On the New York Mercantile Exchange, February crude settled down 23 cents, or 0.28 percent, at $82.52 a barrel, trading from $82.05 to $83.95, highest since the $84.83 intraday high was struck on Oct. 14, 2008.

CBOT-SOYBEANS - January down 11-1/4 cents at $10.01-3/4 a bushel, March down 11-1/2 at $10.10-1/2.

Bellwether March fell to a two-week low on prospects for large South American crops and weaker crude oil prices. Expectations for a big soy number in Tuesday's USDA crop production report also weighs.

CBOT-SOYOIL - January down 0.34 cent at 39.19 cents per lb; March down 0.36 cent at 39.55 cents. Following soybeans and crude oil lower.

FCPO-JAKARTA, Jan 11 (Reuters) - Malaysian crude palm oil futures closed lower on Monday dragged down by bigger-than-expected stock levels in December, and weaker exports in the first ten days of January, traders said.

The benchmark March contract on the Bursa Malaysia Derivatives Exchange settled down 41 ringgit, or 1.6 percent, at 2,585 ringgit ($775.11). Overall volume was more than double at 24,564 lots of 25 tonnes each.

Malaysia's December palm oil stocks rose 15.7 percent to 2,238,717 tonnes from a revised 1,934,613 tonnes in November, industry regulator Malaysian Palm Oil Board (MPOB) said on Monday.

REGIONAL EQUITIES-BANGKOK, Jan 11 (Reuters) - Singapore stocks climbed to
17-month highs on Monday as optimism about economic recovery bolstered sentiment around the region, and Thai stocks advanced more than 1 percent, with energy shares leading the way.

Singapore's Straits Times Index <.FTSTI> rose 0.4 percent to its highest level since July 31, 2008, with palm plantation stock Golden Agri and shipper Neptune Orient Lines both surging almost 7 percent.

Malaysia's index <.KLSE> edged up 0.1 percent, with financial firm CIMB Group and Maxis up about 1 percent.

Top Glove Corp gained 2.3 percent as it expected global demand for rubber gloves to grow by about 8-10 percent this year as the H1N1 flu pandemic triggered a new health awareness.

FCPO Daily: Into correction mode

Market losing ground further with printed a long black candle following prices violated the immediate support at 2600-2580 levels. Bulls looks likely to take a breathe after the recent run up. Thus, we may enter into correction mode in near term. As for now, we are looking for the immediate upside resistance at 2667-2675 (gap left over on 7/1/2010). To the downside, immediate support is lies at 2540-2535 followed by 2500-2480 levels.

Trader's Highlights

DJI - NEW YORK, Jan 8 - U.S. stocks rose on Friday after trading in the red most of the day as investors concluded weak December jobs data wouldn't interrupt a trend of steady economic recovery.

The Dow Jones industrial average rose 11.33 points, or 0.11 percent, at 10,618.19. The Standard & Poor's 500 Index climbed 3.29 points, or 0.29 percent, at 1,144.98. The
Nasdaq Composite Index added 17.12 points, or 0.74 percent, at 2,317.17.

NYMEX - NEW YORK, Jan 8 - U.S. crude oil futures ended up on Friday as gasoline futures surged after a fire at a Canadian refinery that ships products to the New York Harbor trumped worries on the job front.

On the New York Mercantile Exchange, February crude settled up 9 cents, or 0.11 percent, at $82.75 a barrel, trading from $81.80 to $83.47, short of Wednesday's near 15-month high of $83.52. Prices are up $1.24, or 1.52 percent, from a week ago.

CBOT - SOYBEANS - January down 4-3/4 cents at $10.13 a bushel; most-active March down 4 at $10.22. Good crop weather and record-large soy crop prospects in South America weigh on soybean futures, along with concern about a potential slowdown in Chinese buying of U.S. soy.

CBOT - SOYOIL - January down 0.46 cent at 39.53 cents per lb; March down 0.45 at 39.91 cents. Following soybeans, with downturn in crude oil market adding pressure.

FCPO - JAKARTA, Jan 8 - Malaysian crude palm oil futures ended 0.2 percent lower on Friday, but regained most of the day's earlier losses on late position squaring amid caution ahead of stock data due out Monday, traders said.

The market was under pressure initially on follow-through selling over fears that China's move to tighten liquidity could hit demand for the tropical oil and on talk of higher palm oil stocks in December.

The benchmark March contract on the Bursa Malaysia Derivatives Exchange settled down 4 ringgit at 2,626 ringgit ($778.07), after going as low as 2,590 ringgit. Overall volume was double the usual at 20,115 lots of 25 tonnes each.

REGIONAL EQUITIES - BANGKOK, Jan 8 - Most Southeast Asian stock markets were narrowly higher on Friday, with Singapore, Indonesia and hailand leading the way as investors piled into agricultural firms and exporters due to optimism about the global recovery.

Singapore's Straits Times Index added 0.27 percent, recovering from Thursday's drop to stay around 17-month highs, while Indonesia rallied after a two-day fall, rising 1.06 percent and hovering near its highest in 22 months.

Thai stocks advanced 0.59 percent, having hit a one-week high in early trade, boosted by demand for exporters such as chicken exporter Charoen Pokphand Foods, which rose 2.65 percent.

Malaysian shares ended up 0.12 percent, but Philippine shares inched 0.02 percent lower and Vietnam hit a near-one-week low, falling 2.33 percent.

Breaking News-RTRS-US soy oil stocks 2.904 bln lbs in November - Census

WASHINGTON, Jan 7 (Reuters) - U.S. soybean oil stocks totaled 2.904
billion lbs in November, compared to 2.713 billion lbs in October, the U.S.
Census Bureau said Thursday.

Breaking News-RTRS-WRAPUP 2-China c.bank surprises with yield hike, stocks tumble

SHANGHAI, Jan 7 (Reuters) - China's central bank surprised markets on Thursday by raising the interest rate on its three-month bills for the first time since August, intensifying its grip on liquidity a day after it promised to keep credit growth in check.

While analysts said the move was just a withdrawal of surplus cash in the system, markets feared the worst, taking it as a sign the central bank could be getting ready to use more forceful measures to cool growth and fight inflation, such as raising benchmark lending rates.

Trader's Highlight

DJI-NEW YORK, Jan 7 (Reuters) - U.S. stocks closed mostly higher after a late session push on Thursday while the U.S. dollar benefited from weak euro-zone data and comments from Japan's new finance minister that he wants a weaker yen.

The small move up in U.S. share prices pushed the Dow Jones industrial average and Standard & Poor's 500 stock indexes to fresh 15-month highs. The Nasdaq Composite Index just missed the plus column.

NYMEX-NEW YORK, Jan 7 (Reuters) - U.S. crude futures ended lower for the first time in 11 trading sessions on Thursday on worries about China's demand growth and a stronger dollar, but frigid Northern Hemisphere weather helped limit losses.

China's central bank surprised markets by raising the interest rate on its three-month bills for the first time since August. Markets took the move as a sign the central bank could be getting ready to use more forceful measures to cool growth and fight inflation.

On the New York Mercantile Exchange, February crude settled down 52 cents, or 0.63 percent, at $82.66 a barrel, trading from $82.26 to $83.36. Prices hit an intraday peak of $83.52 on Wednesday, the highest since October, 2008. In 10 days to Wednesday, front-month crude gained $10.71, or 14.8 percent

CBOT-CHICAGO, Jan 7 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.
NOTE: China's interest rate hike seen as a move to cool growth and fight inflation, which would be bearish for commodities.

CBOT-SOYBEANS - January down 32-3/4 cents at $10.17-3/4 per bushel,most-active March down 33 at $10.26. Concern about a possible slowdown in U.S. soy exports to China after news China increasing interest rates to slow growth.

CBOT-SOYOIL - January down 0.68 cent at 39.99 cents per lb; March down 0.71 at 40.36 cents. Following soybeans lower.

FCPO-KUALA LUMPUR, Jan 7 (Reuters) - Malaysian crude palm oil futures fell 2.7 percent to one-week lows on Thursday as China's move to tighten liquidity triggered
profit-taking in global vegetable oil markets.

Crude oil easing below $83 a barrel and expectations of higher production in soy-growing regions in South America also weighed on palm oil as well as soyoil markets in the United States and China.

REGIONAL EQUITIES-BANGKOK, Jan 7 (Reuters) - Most Southeast Asian stock markets
ended lower on Thursday, with Singapore's index heavyweights surrendering recent gains, but the Manila index gained thanks to a rise in Philippine Long Distance Telephone Co.

Singapore's index <.FTSTI> closed down 0.6 percent, pulling back from a 17-month peak, led by a 2.3 percent loss in Singapore Telecommunications . CapitaLand , Southeast Asia's biggest developer, fell 0.7 percent.

Malaysia <.KLSE> eased 0.1 percent, ending four days of gains.

FCPO Daily: Correction may take place

Correction may taking place following market gap down to end sharply lower. Nevertheless, immediate daily technical landscape remains positive. Thus, we maintain our view sideways to higher in near term. Immediate upside resistance is pegged at 2726 followed by 2730-2760 levels. To the downside, support is lies at 2600-2580 levels.

Breaking News-RTRS-POLL-Malaysia's December palm stocks seen unchanged

RTRS-MALAYSIA'S END-DEC PALM OIL STOCKS SEEN FLAT AT 1.93 MLN TONNES VS NOV -REUTERS POLL
RTRS-MALAYSIA'S DEC PALM OIL OUTPUT SEEN DOWN 10 PCT FROM NOV - POLL
RTRS-MALAYSIA'S DEC PALM OIL EXPORTS SEEN DOWN 14 PCT FROM NOV

Breaking News-RTRS-China introduces licence for soy imports, Dalian up

BEIJING, Jan 6 (Reuters) - China has introduced an automatic import licence system for soybeans, requiring importers to apply for licences from China's Commerce Ministry, a move that soy traders said could cause a minor disruption of trade.

The Commerce Ministry issued a statement last month, adding soybean and rapeseed from Jan. 1 to a list of farm products requiring such licences that already includes soyoil and chicken.

Trader's Highlight

DJI-NEW YORK, Jan 6 (Reuters) - The Dow and S&P 500 inched higher, while the Nasdaq dipped on Wednesday after Federal Reserve officials said they were still worried about labor market weakness and a report on the services sector showed only slight improvement in the economy.

Cautious minutes from the Fed's last meeting, as well as the ISM services report, which showed the sector hovering on the cusp of expansion, came after a number of data points helped lift stocks earlier this week to their highest closing levels in more than a year.

NYMEX-NEW YORK, Jan 6 (Reuters) - U.S. crude oil futures ended above $83 a barrel on Wednesday, extending a rally to a 10th trading session, as the dollar weakened and despite government data showing a surprise increase in crude stockpiles last
week.

On the New York Mercantile Exchange, February crude settled up $1.41, or 1.72 percent, at $83.18 a barrel, the highest close since Oct. 9, 2008's $86.59. It traded from $80.85 to $83.52, the highest since the intraday high of $84.83 on Oct. 14, 2008.

CBOT-CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.

CBOT-SOYBEANS - January down 1-3/4 cents at $10.50-1/2 per bushel, most-active March down 2 at $10.59. Pressured by prospects for bumper South American soy crops, and news of China introducing soy import licenses.

CBOT-SOYOIL - January down 0.04 at 40.67 cents per lb, March down 0.03 at 41.07 cents. Following soybeans lower.

FCPO-KUALA LUMPUR, Jan 6 (Reuters) - Malaysian crude palm oil futures rose as much as 1.6 percent on Wednesday to a fresh seven-month high on steady crude oil and soyoil markets.

Expectations of China stockpiling ahead of the Lunar New Year due in mid-February also helped to boost palm oil prices, which posted their best annual gains in a decade last year.

The benchmark March contract on the Bursa Malaysia Derivatives Exchange gained 44 ringgit to hit 2,726 Malaysian ringgit ($805.3), a level unseen since May 15 last year, before settling up 20 ringgit at 2,702 ringgit.

REGIONAL EQUITIES-BANGKOK, Jan 6 (Reuters) - Southeast Asian stock markets rose on Wednesday as growing confidence about the global economy lured investors to riskier assets, sending Singapore and Malaysia to their highest levels since mid-2008.

Singapore's Straits Times Index <.FTSTI> rose 0.4 percent, coming off its highest level since July 31, 2008, with palm oil planter Golden Agri-Resources Ltd closing up 6.5 percent at a 17-month high.

In Kuala Lumpur, shares <.KLSE> rose for a second day, hitting their highest level since May 20, 2008, before closing up 0.4 percent. Financials led the way, with AMMB Holdings Bhd , the country's fifth-largest bank, rising 0.4 percent and CIMB 2 percent higher.

NYMEX Crude Daily: USD82.00 violated

A convincing breakout from the recent high at USD82.00 had strengthen further the upward momentum. Hence, more room to bias upside potential with upside target is looking at USD85.00 to 90.00. Downside support is adjusted to USD80.00.

FCPO Daily: May challenge 2800 levels.

Market is getting closer to challenge the 2800 levels following prices manage to stay above at 2700 levels. Thus as for now, immediate upside resistance is pegged at 2730-2760 followed by 2800 levels. To the downside, support is lies at 2665-2675 followed by 2600-2580 levels.

Breaking News- RTRS-China's orders for U.S. soy seen as overexuberant

BEIJING, Jan 5 (Reuters) - Exuberant U.S. soy shipments to China could collapse in the face of waning demand and strong supply and some buyers could cancel orders in the next few months, traders said on Tuesday.

After China booked an unprecedented 20 million tonnes of soy from the United States in the current marketing year, or 70 percent more than last year , sellers are counting on an even stronger Chinese appetite this year, with the worst of the financial crisis widely thought to have passed.

Breaking News- RTRS-Argentine soybean crop outlook improves -Oil World

HAMBURG, Jan 5 (Reuters) - Better weather has improved prospects for Argentina's soybean crop in early 2010 although the final harvest outcome is still unclear, Hamburg-based oilseeds analysts Oil World said on Tuesday.

Trader's Highlight

DJI-NEW YORK, Jan 5 (Reuters) - The S&P 500 and the Nasdaq rose on Tuesday as better-than-expected factory orders and a surge in vehicle sales at Ford Motor Co provided more evidence of an economic recovery.

But a big decline in pending home sales, which fell in November for the first time in nine months, increased concerns about the housing market. That capped the broad market's gains and pushed the Dow industrials into the red a day after all three major U.S. stock indexes rose to their highest levels in over a year.

NYMEX-NEW YORK, Jan 5 (Reuters) - U.S. crude oil futures fell back in post-settlement trading on Tuesday after industry data showed a surprise increase in distillate stocks overall, even though heating oil supplies fell.

Crude inventories declined more than expected, data from the American Petroleum Institute showed, but traders had been focusing on distillates for guidance.

On the New York Mercantile Exchange at 5:10 p.m. EST(2210 GMT) February crude was down 13 cents, or 0.16 percebt, at $81.38 a barrel. It had settled up 26 cents, or 0.32 percent, at $81.77, the highest since the $86.59 close on Oct. 9, 2008. It traded from $80.95 to $82, matching the 2009 peak hit on Oct. 21, which was the highest since intraday prices hit $84.83 on Oct. 14, 2008.

CBOT-CHICAGO, Jan 5 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.

CBOT-SOYBEANS - January up 2-3/4 cents at $10.52-1/4 a bushel. March up 3 at $10.61. Choppy, market fluctuated between positive and negative territory in rangebound trade.

CBOT-SOYOIL - January down 0.19 cent at 40.71 cents per lb. March down 0.19 at 41.10. Meal/oil spreading weighs.

FCPO-KUALA LUMPUR, Jan 5 (Reuters) - Malaysian crude palm oil futures ended higher on Tuesday, off 7-month highs hit earlier in the session as investors booked profits on a rally boosted by crude oil and expectations of strong demand.

The weaker dollar also boosted market sentiment, as investors favoured commodity and equity plays over the greenback on signs the U.S. economy would start to recover.

REGIONAL EQUITIES-BANGKOK, Jan 5 (Reuters) - Most Southeast Asian stock markets rose on Tuesday, with Malaysia hitting a 19-1/2-month high and Singapore testing 17-month peak as blue chips recouped recent losses, from Indonesia's Bumi Resources to Singapore's Wilmar.

Singapore's index <.FTSTI> ended up 0.9 percent after hitting its highest level in 17 months, with CapitaLand rising 1.9 percent and Keppel Corp , the world's largest rig maker, 1.3 percent higher.

Malaysia <.KLSE> leapt 1 percent after testing its highest level since May 20, 2008, as Sime Darby edged up 2.4 percent, in line with higher palm oil prices.