Breaking News-RTRS-EU demand rising for non-rain forest palm oil

HAMBURG, Feb 11 (Reuters) - Europe is raising imports of palm oil certified as produced without destroying tropical rain forests, the head of Germany's edible oil industry association OVID said on Thursday.
About 120,000 tonnes of palm oil certified under the programme Round Table for Sustainable Palm Oil (RSPO) had been traded in January, representing 98 percent of sustainable palm oil production, OVID chief executive Petra Sprick told Reuters.

Breaking News-RTRS-UPDATE 3-US corn plantings seen up 2 pct, soy off 1 pct-USDA

WASHINGTON, Feb 11 (Reuters) - U.S. farmers will plant
enough corn and soybeans to reap their second-largest harvests,
the Agriculture Department projected on Thursday, but private
forecasters had expected even larger plantings.
Corn (maize) and soybeans are the most widely planted U.S.
row crops. With wheat, they are staples of U.S. diets and
widely used in livestock feed.

Breaking News-RTRS-Senate jobs bill to revive US biodiesel tax credit

WASHINGTON, Feb 10 (Reuters) - A U.S. jobs-creation bill under development in the Senate would revive the $1 a gallon biodiesel tax credit for this year, according to a draft of the bill released on Wednesday.

Trader's Highlight

DJI-NEW YORK, Feb 11 (Reuters) - U.S. stocks rose on Thursday after a pledge by European leaders to support debt-laden Greece eased fears of a broader euro zone crisis and upbeat data from China spurred mining and material stocks.

Data pointing to stabilization in the U.S. labor market gave the market a further boost, along with a broker upgrade of bellwether 3M Co , whose stock rose 2.1 percent.

NYMEX-NEW YORK, Feb 11 (Reuters) - U.S. crude futures settled higher for the fourth straight day on Thursday, supported by Wall Street's sharp rise on a pledge by European leaders to rescue debt-strapped Greece and by upbeat economic data.

In the early going, oil futures rose after the International Energy Agency revised upward its 2010 demand growth forecast, but prices fell when the euro sank further as details remained murky about the Greece rescue plan.

On the New York Mercantile Exchange, March crude settled up 76 cents, or 1.02 percent, at $75.28 a barrel, trading from $73.38 to $75.69. In four days, the contract has gained $4.09, or 5.7 percent.

CBOT-CHICAGO, Feb 11 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.

CBOT-SOYBEANS - March up 5-1/2 cents at $9.43 per bushel. Firm cash markets and slow producer selling supportive. Additional support from talk that soy yields in early South American harvest not as good as some expected. Firm dollar limits rally.

CBOT-SOYOIL - March down 0.13 cent at 38.14 cents per lb. Losing ground to soymeal on meal/oil spreads.

FCPO-JAKARTA, Feb 11 (Reuters) - Malaysian palm oil futures rose 0.7 percent to the highest closing in nearly five weeks on Thursday, in line with other markets, but late profit-taking wiped out about half of the gain, traders said.
Sentiment in equities and commodities markets was partly lifted by hopes of a rescue plan for debt-laden Greece as European Union leaders were set to meet in Brussels on Thursday to talk about a rescue plan.

REGIONAL EQUITIES-BANGKOK, Feb 11 (Reuters) - Southeast Asian stock markets
rose on Thursday as hopes for a rescue plan for debt-stricken Greece revived buying interest, leaving Singapore in positive terrain and ending a five-day losing streak in Indonesia.

Singapore's Straits Times Index <.FTSTI> rose 0.7 percent, erasing the previous session's loss, with good buying interest in commodity stocks such as Noble Group , up 2.1 percent, and Olam International , up 2.6 percent.

Malaysia <.KLSE> and Thailand <.SETI> rose for a second day, adding 0.26 percent and 1.02 percent respectively. Indonesia <.JKSE> ended a five-day drop to climb 1 percent on the session. In Kuala Lumpur, Axiata Group rose 2.1 percent and
Maxix gained 0.6 percent.