A speech by Kansas City Federal Reserve Bank President Thomas Hoenig drove afternoon selling after he said keeping interest rates too low for too long would encourage risky financial behavior.
The Dow Jones industrial average <.DJI> fell 72.47 points, or 0.66 percent, to 10,897.52. The Standard & Poor's 500 Index <.SPX> slipped 6.99 points, or 0.59 percent, to 1,182.45. The Nasdaq Composite Index <.IXIC> lost 5.65 points, or 0.23
percent, to 2,431.16.
NYMEX-NEW YORK, April 7 (Reuters) - U.S. crude oil futures ended lower for the first time in seven sessions on Wednesday, after government data showed that crude stocks rose last week for the 10th week in a row, hitting the highest level since June.
The dollar gained against the euro, also prompting traders to trim their long positions on crude futures, analysts said.
On the New York Mercantile Exchange, May
CBOT-CHICAGO, April 7 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.
CBOT-SOYBEANS - May
CBOT-SOYOIL - May
FCPO-KUALA LUMPUR, April 7 (Reuters) - Malaysian palm oil futures ended higher on Wednesday on the back of firmer soyoil markets although the surging ringgit currency nipped gains.
Palm oil, which lost 4 percent in the first quarter of 2010, is making little headway as the ringgit reached multi-month highs at the start of the second quarter.
The benchmark June crude palm oil contract
REGIONAL EQUITIES-BANGKOK, April 7 (Reuters) - Southeast Asian stock markets rose on Wednesday on increasing confidence about economic prospects in the region and the outlook for corporate earnings, with energy and banks leading the way.
Foreign inflows into Southeast Asian bourses and upward revisions to GDP growth forecasts in the region bode well for more earnings revisions, justifying higher market valuations, analysts said.
Singapore <.FTSTI> added 0.4 percent to a 21-month high and Malaysia <.KLSE> rose 0.05 percent, coming off its early gain to a 25-month high.
In Singapore, commodities firms were among top actively traded stocks, with Wilmar International
Australia's Gloucestor Coal
In Kuala Lumpur, Tenaga Nasional