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.