Trader's Highlight

DJI-NEW YORK, Oct 13 (Reuters) - U.S. stock indexes hit their highest level in five months on Wednesday as stronger-than-expected earnings and lingering U.S. dollar weakness increased demand for equities.

Shares in the industrials and materials sectors led the way while commodity prices soared as China's month-on-month import growth hit a record high.

The Dow Jones industrial average <.DJI> gained 75.68 points, or 0.69 percent, to 11,096.08. The Standard & Poor's 500 <.SPX> added 8.33 points, or 0.71 percent, to 1,178.10. The Nasdaq Composite <.IXIC> rose 23.31 points, or 0.96 percent, to 2,441.23.

NYMEX-NEW YORK, Oct 13 (Reuters) - U.S. crude oil futures rebounded more than 1 percent on Wednesday as the dollar's renewed weakness, further raised expectations the Federal Reserve would launch fresh monetary easing policies to help boost the economy.

Earlier support came from China where data showed the country's crude oil imports rose 35 percent in September from a year earlier.

On the New York Mercantile Exchange, crude for November delivery , rebounded sharply from Tuesday's loss and settled up $1.34, or 1.64 percent, to $83.01 a barrel. It traded from to $83.45.

CBOT-CHICAGO, Oct 13 (Reuters) - Chicago Board of Trade grain and soybean complex closing trends on Wednesday.

CBOT-SOYBEANS - November down 2 cents at $11.76-1/2 a bushel; January down 2-1/2 at $11.87. Prices turn lower late in session as traders lock in profits despite firming crude oil market, weaker dollar.

CBOT-SOYOIL - October up 0.68 at 47.22 cents a lb; more active December up 0.63 at 47.58. Rally in crude oil supportive.

FCPO-KUALA LUMPUR, Oct 13 (Reuters) - Soyoil futures in China ended off 25-month highs hit earlier on Wednesday on news that the government will release vegetable oil reserves next week to rein in the recent run-up in prices.

The most-active May 2011 soyoil contract on the Dalian Commodity Exchange ended up 0.3 percent. The contract went as high as 9,004 yuan in the morning sessions on future supply concerns stemming from a U.S. government report that cut soy crop forecasts.

China's Rapeseed oil futures <0#CRO:> ended up slightly by 0.8 percent. China is going to release 300,000 tonnes of rapeseed oil from state reserves next week as part of efforts to tame rising vegetable oil prices in the runup to national holiday early next year, according to an official announcement issued on Wednesday.

Malaysian palm oil futures <0#KPO:> ended more than one percent in Asian trade hours on expectations of higher exports in the Southeast Asian country. Traded volume stood at 4,891 lots at 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Oct 13 (Reuters) - Southeast Asian stock markets gained on Wednesday amid expectations of fresh U.S. economic stimulus, with rising crude oil prices swelling demand for heavily weighted commodity shares across the region.

Share markets recouped recent losses as growing risk appetite lured more inflows into equities, although that pushed up their currencies, which made investors wary about possible intervention moves by the authorities.

Singapore's Straits Times Index <.FTSTI> rose 1.7 percent, its biggest one-day rise in almost four months, Malaysia <.KLSE> gained 0.7 percent, setting a 33-month high, and Indonesia <.JKSE> jumped 1.8 percent, moving near a record hit last week.

In Singapore, the local index hovered around 28-month highs, led by palm oil companies, with Golden Agri-Resources jumping 9.2 percent and Indofood Agri Resources climbing 7.9 percent amid firm palm oil prices.

Malaysia's IOI Corp rose 2.5 percent while Indonesia's Astra Agro Lestari gained 3.2 percent and Thailand's top energy firm, PTT , rose over 1 percent.