Friday, January 15, 2010

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).