Breaking News-RTRS-POLL-Malaysia's Jan palm oil stocks easing from 13-mth top

KUALA LUMPUR, Feb 9 (Reuters) - Malaysia's palm oil stocks in
January likely dropped 11.7 percent from a 13-month high hit in
the previous month on strong exports and much lower output, a
Reuters poll showed on Tuesday.
Stocks fell to 1.976 million tonnes in Malaysia, the world's
No. 2 producer of the vegetable oil, going below 2 million tonnes
for the first time in two months, a poll of five plantation
houses showed.

Breaking News-RTRS-BRIEF-Malaysia IOI sees palm oil price hitting 3,000 rgt

Feb 9 (Reuters) -IOI CORP: * Malaysia's IOI Corp chairman says sees crude palm oil prices at 2,800-3,000 rgt a tonne for 2010 * Malaysia's IOI Corp chairman says profit outlook good if prices stabilise around current levels * "The prospects are good, demand is there because some of the countries, such as India and China, their economies have already stabilised," IOI Corp executive chairman Lee Shin Cheng told reporters when asked about the price outlook for crude palm oil. * "I expect it (crude palm oil price) to increase to 2,800 ringgit and eventually up to 3,000 ringgit," said Lee.

Breaking News-RTRS-Biodiesel to cut Argentine soyoil sales -Oil World

HAMBURG, Feb 9 (Reuters) - Increasing Argentine domestic biodiesel use will cut the country's soyoil exports in 2010, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
If Argentine government plans for 5 percent biodiesel content in fossil diesel are implemented, coupled with compulsory use of biodiesel for electricity generation, this would create annual demand for 860,000 tonnes of biodiesel, largely made from soyoil, Oil World estimates.

Trader's Highlight

DJINEW YORK, Feb 9 (Reuters) - The Dow posted its largest one-day percentage gain in three months on Tuesday, boosted by reports of an aid plan for heavily indebted Greece.

A senior German ruling coalition source said euro zone governments have decided in principle to help Greece, which calmed investors worried about a threat to global economic stability.

NYMEX-NEW YORK, Feb 9 (Reuters) - U.S. crude futures stayed up in post-settlement trading on Tuesday even though an industry report showed that domestic crude stocks rose much more than expected last week.

Heating oil futures also held on to hefty gains, despite data from the American Petroleum Institute that showed distillate stocks fell less than expected.

On the New York Mercantile Exchange, March crude last traded up $1.93, or 2.68 percent, at $73.82 a barrel. It had settled up $1.86, or 2.59 percent, at $73.75, trading from $71.32 to $74.15. In two straight days, contract has gained $2.56, or 3.6 percent.

CBOT-CHICAGO, Feb 9 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.

CBOT-SOYBEANS - March down 5 cents at $9.24-1/2 a bushel. Turned lower on farmer selling and expectations of large South American soy crops. Early strength stemmed from USDA trimming its forecast for 2009/10 U.S. soy ending stocks and a weaker dollar.

CBOT-SOYOIL - March up 0.43 cent at 38.38 cents a lb. Rally in crude oil offsets pressure from declines in soybeans.

FCPO-JAKARTA, Feb 9 (Reuters) - Malaysian palm oil futures rose as much as 0.8 percent to a new four-week intraday high on Tuesday and closed just off that level, on talk of higher February 1-10 palm oil exports due out on Wednesday, traders said.

There was speculation that cargo surveyor Intertek Testing Service may report Feb. 1-10 exports of 400,000 tonnes, against 351,818 tonnes shipped between Jan. 1-10, traders said.

REGIONAL EQUITIES-COLOMBO, Feb 9 (Reuters) - Singapore stocks jumped 1.9 percent on Tuesday but other Southeast Asian stock markets fell due to worries over the euro zone's debt problems and the implications for the global economic recovery.

Singapore's Straits Times Index <.FTSTI> hit its highest close since Jan. 29, led by a 2.7 percent rise in the biggest telephone firm, Singapore Telecom , and a 3 percent rise in United Overseas Bank . Singapore Telecom posted an 18 percent increase in underlying third-quarter net profit, in line with analysts' forecasts.

Malaysia <.KLSE>, which fell 0.9 percent in early trade, recovered to close just 0.1 percent down, with Public Bank leading the fall, losing 1.8 percent.