tag:blogger.com,1999:blog-86400975342611109132024-03-05T14:25:51.820+08:00My Trader's ViewWeblog Disclaimer :
The information in this weblog has been obtained from sources believed to be reliable. Its accuracy and completeness is not guaranteed and opinions are subject to change without notice. This weblog is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect losses arising from the use of this weblog.futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.comBlogger4371125tag:blogger.com,1999:blog-8640097534261110913.post-59739265363134869152013-05-16T09:25:00.003+08:002013-05-16T09:25:57.553+08:00RTRS - China 2013 and 2014 soy imports to hit record, rise 11.9 pct -think-tank<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>BEIJING, May 15 (Reuters) -</b><span style="font-size: small;"> China,
the world's top soy buyer, is forecast to import a record 66 million tonnes of
the oilseed in 2013/14 due to robust domestic demand and low stocks, an
official think-tank said.<o:p></o:p></span></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">That is 11.9 percent higher than
estimated imports for the current marketing year, ending in September, the
China National Grain and Oils Information Center said on Wednesday.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But the figure is 3 million tonnes
lower than predictions by the U.S. Department of Agriculture, which put China's
soy imports at 69 million tonnes in the next marketing year - two thirds of the
world total. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">China's soy imports in the current
year are likely to fall by 230,000 tonnes from the previous year due to a
reduction in global supplies, while port congestion in Brazil, the world'
second largest exporter, has also delayed some shipments, it said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The center does not expect any major
impact on demand from outbreaks of bird flu that have already killed 35. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Current soy stocks at ports have
fallen below 4 million tonnes, their weakest since 2010, following low imports
in the first four months of the year, it said. <a href="reuters://REALTIME/Verb=Headlines/ric=SOY/CN"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Demand for soymeal, the major
ingredient for animal feed production, was also projected to rise 7.1 percent
on the year in 2013/14 to 52.4 million tonnes. Chinese soy plants need about 5
million tonnes of soy every month.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The center also expects China to
import 1.1 million tonnes of soyoil in 2013/14 and 3 million tonnes of
rapeseed. It did not give comparative figures.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Rapeseed oil imports in 2013/14 were
seen at 1.3 million tonnes.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-87190588691166506832013-05-16T09:25:00.000+08:002013-05-16T09:25:08.449+08:00Tradert's highlight<br />
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - NEW YORK, May 15 (Reuters) - </b><span style="font-size: small;">U.S.
stocks rose on Wednesday, with the Dow and S&P 500 hitting new all-time
highs in a broad market rally as the recent upward momentum persisted.<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Nasdaq also hit its highest
level since November 2000 although gains were limited by a steep decline in
Apple . Shares of the tech giant sold off in late
afternoon trading after filings from hedge funds showed that the one-time Wall
Street darling was dropped by more famous hedge fund managers in the first
quarter. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;">The
day's gains were broad, with nine of the S&P 500's 10 sectors ending
higher. Among the top gainers were the consumer staples sector index,
up 1 percent, and the financial sector ,
also up 1 percent. The only decliner was the energy sector index ,
down 0.4 percent</span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The overall market showed further
signs of strength despite the S&P 500 rising to a record for the fourth
session in a row. The broad market index has recorded 15 new closing highs this
year.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">An options gauge looking at the
level of anxiety showed signs that investors are placing optimistic wagers on
the stock market, positioning for the current run-up to extend for the next
three months.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Equities have rallied in recent
weeks as investors bet that central bank stimulus measures will keep supporting
market gains.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Such policies have helped spur
advances of about 15 percent in major U.S. indexes this year despite data
showing some signs of lackluster growth.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In the latest reads on the economy,
activity in New York state's manufacturing sector unexpectedly contracted in
May. Another report showed that U.S. industrial production fell more than
expected in April.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"It's disconcerting that the
data was so much lower than what we were looking for, but there's no reason for
investors to sell," said Michael Binger, senior portfolio manager at
Gradient Investments in Minneapolis.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The main things driving the
market - the Fed, earnings, consumer confidence - are holding up, and people
put money in the market on any down day. I still see a lot of value."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average rose 60.44 points, or 0.40 percent, to close at a record 15,275.69. The
Standard & Poor's 500 Index added 8.44 points, or 0.51 percent, to finish at a record 1,658.78. The Nasdaq
Composite Index gained 9.01 points, or 0.26 percent, to
close at 3,471.62.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>Oils - </b></span><b>NEW YORK, May 15 (Reuters) -</b> Brent
crude oil prices rose by more than $1 on Wednesday, reversing early losses to
settle above $103 a barrel and increasing its premium over U.S. crude to the
largest in 13 sessions.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The gain came as U.S. equity markets
rallied to record highs and signs of deadlock on nuclear talks with Iran lent
support to the global oil benchmark.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Data showing the euro zone was in
its longest recession ever and an increase in U.S. refined products inventories
had sparked an early selloff.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. stocks edged up on Wednesday,
with the Dow and S&P 500 hitting new all-time highs as the market's recent
upward momentum persisted, but a steep decline in Apple AAPL.O kept gains in
check. <a href="reuters://REALTIME/Verb=Headlines/ric=.N"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. crude inventories fell last
week, but gasoline and distillate stocks rose along with refinery rates, the
EIA data showed. Stocks at the Cushing, Oklahoma, crude storage hub rose
575,000 barrels to 49.72 million barrels. <a href="reuters://REALTIME/Verb=Headlines/ric=EIA/S"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"We got down to a level about
halfway between our recent peaks and troughs, and then selling just stopped.
Perhaps for all intents and purposes the market had already priced the report in," said Stephen Schork, the editor of The Schork Report in
Villanova, Pennsylvania.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">News that the United Nations'
nuclear agency's talks with Iran over its suspected atomic bomb research had
stalled lent further support to Brent prices. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">Brent crude rose $1.08 to settle at $103.68 a barrel after falling to $101.20 earlier in
the day. </span>U.S. oil edged up 9 cents to settle at $94.30 a barrel after losing more than $2
following the release of the EIA data.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>CBOT Soybean - May 15 (Reuters) - </b>Soybean futures on the Chicago Board of
Trade fell Wednesday on technical selling and on monthly data showing a
bigger-than-expected slowdown in the U.S. soy processing pace, traders said.</span></div>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">dipped below its 100-day moving average at $14.05 and hit a
session low of $14.02-1/4, but pared losses toward the close, supported by
scarce U.S. old-crop supplies and strength in the cash market</span>.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Grains and other commodities were pressured as the dollar rose
to a six-week high versus the euro on evidence that Europe was stuck in
recession.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">The National Oilseed Processors Association
(NOPA) said the U.S. soybean crush fell to 120.1 million bushels in April,
below an average of trade estimates for 125.5 million, and was the
second-lowest monthly total in 19 months.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">NOPA reported U.S. soyoil stocks at 2.638 billion lbs, versus
2.765 billion in March. Analysts had forecast stocks at 2.65 billion lbs.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">CBOT reported 28 soybean contracts delivered against the
expired May contract amid strong stopping.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">China, the world's top soy buyer, is forecast to import a
record 66 million tonnes of the oilseed in 2013/14, an official think-tank
said. But the figure was below USDA's latest forecast for 69 million
tonnes.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">USDA said private exporters reported sales
of 171,000 tonnes of U.S. soybeans to China for delivery in 2013/14.</span></li>
</ul>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>BMD CPO - </b><b>SINGAPORE, May 15 (Reuters) -</b>
Malaysian palm oil futures fell for a third straight day on Wednesday, as weak
exports and a firm ringgit currency stirred doubts about the strength of demand
for the edible oil.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Exports of Malaysian palm oil
products for the first 15 days of May fell 7.6 percent to 599,300 tonnes from
648,275 tonnes shipped during the same period a month ago, cargo surveyor
Intertek Testing Services (ITS) said. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;">Another
cargo surveyor, Societe Generale de Surveillance, reported a smaller decline of
3 percent for the same period. </span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US" style="line-height: 115%;">A
firmer ringgit </span>also dampened buying interest as it
makes ringgit-priced crude palm oil more expensive for overseas buyers and
reduced refiners' margins. The currency rose above the 3-ringgit mark against
the dollar after Malaysian general elections on May 5.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"We continue to see a downtrend
in terms of exports, which is bearish for the market," said a trader with
a foreign commodities brokerage in Kuala Lumpur.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"But on the bright side, the
decline is slightly less than the first 10 days and we will have to see if
exports will recover in the second half of the month."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Shipments fell 16.7 percent in the
first 10 days of May from a month ago, according to ITS.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US" style="line-height: 115%;">At
market close, the benchmark July contract </span>on the Bursa Malaysia Derivatives
Exchange was down 0.3 percent at 2,296 ringgit ($763) per tonne, after trading
between 2,277 and 2,299 ringgit.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes stood at 42,201
lots of 25 tonnes each, higher than the average 35,000 lots.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Malaysia, the world's No.2 palm oil
producer, will set its crude palm oil export tax for June at 4.5 percent, flat
with May, a government circular showed. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Official data showed the country's
palm oil stocks fell to 1.93 million tonnes at the end of April, below the
psychological two-million-tonne mark and sending the market to a one-month high
on Monday, although prices came off on worries over lacklustre export demand.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent futures
slipped towards $102 a barrel on Wednesday on concerns about rising supplies
from the United States and a bleak outlook for global demand growth. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US" style="line-height: 115%;">In
vegetable oil markets, U.S. soyoil for July delivery </span> fell 0.3 percent in late Asian trade. The most-active September soybean oil
contract on the Dalian Commodities Exchange lost 2.5
percent.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br /></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-69451436294316184292013-05-15T08:28:00.003+08:002013-05-15T08:28:49.731+08:00RTRS - Soybean importers to rely more on South America -Oil World<br />
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>AMSTERDAM, May 14 (Reuters) - </b><span style="font-size: small;">Major
importers of soybeans will rely on increasing volumes from South America in the
next six months as exports from the U.S. slow down because of lower stocks, Oil
World said on Tuesday.<o:p></o:p></span></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The German analyst said higher U.S.
exports between September 2012 and February 2013 depleted stocks in the world's
top exporter, making export rationing inevitable.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">"The situation will improve
only with the arrival of new c</span>rop U.S. soybeans into the second half of
September," Oil World said.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"As a result, China and other
soybean-importing countries will remain highly dependent on sharply increasing
South American soybean exports in May/August 2013."<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Exports from Argentina, Brazil,
Paraguay and Uruguay are expected to rise sharply in May to 10.8 million
tonnes, from 10 million in April and 9.6 million tonnes in May 2012.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"A major change has happened in
Brazil with an extension of the working hours at the ports from eight hours to
24 hours for the five days from Monday to Friday," Oil World said.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"This change came into effect
at the port of Santos from April 24 and the ports of Paranagua and Rio Grande
from May 3."<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The German analyst said exports from
Brazil will reach 7.6 million tonnes unless rains interrupt shipping.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">It said China's soybean imports are
expected to rise noticeably in May, June and July as it moves to replenish
stocks following lower-than-expected imports in January to April.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Chinese soybean imports had
fallen to only 15.5 million tonnes in January to April 2013, compared with 18.1
million tonnes a year earlier," Oil World said.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Oil World said higher soybean
shipments are expected to reach the European Union, indicating that soybean
crushing is turning out higher than expected in the second half of the season.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
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futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-66976801908666573132013-05-15T08:27:00.004+08:002013-05-15T08:27:53.416+08:00RTRS - India's April palm oil imports down, refiners rely on stocks<br />
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>NEW DELHI, May 14 (Reuters) -
</b>India's palm oil imports declined for a third straight month in April, a trade
body said, as refiners in the world's biggest buyer used stocks and processed
the new rapeseed harvest.<span style="font-size: small;"><o:p></o:p></span></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But India, the world's largest
importer of edible oils, is still on track to surpass last year's record
purchases of 10 million tonnes of cooking oil as demand rises with a swelling
population and increasing wealth.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India's overseas purchases of palm
oil hit an all-time high in January as leading producers Indonesia and Malaysia
made their exports attractive by varying tax levels. But imports have been
falling since then as India retaliated in the second half of January with a
duty on crude palm oil purchases.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In April, refined palm oil imports
soared 84.5 percent to 253,489 tonnes, keeping the fall in overall palm oil
imports limited to 30 percent at 498,960 tonnes, Mumbai trade body the Solvent
Extractors' Association said on Tuesday.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Refined palm oil imports rose as the
spread with the crude variant narrowed to $15-20 in April as against $30-35 in
March. Imported refined palm oil is currently quoted at $845 per tonne on the
country's west coast, while the delivered price for crude palm oil is $825 per
tonne.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"A small spread with crude oil
led to the almost doubling of refined palm oil imports," said B.V. Mehta,
executive director of SEA.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Imports of vegetable oils, including
non-edible oils, fell by almost a third to 654,827 tonnes in April, led by the
drop in palm oil imports, the data showed.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The trade body also lowered last
month’s total imports figure in the statement to 889,415 tonnes due to a
downward revision in non-edible oil imports.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Huge stockpiles and new
rapeseed crop kept the monthly palm oil imports down," said Pradip Desai,
managing director of Mumbai-based broker Palmtrade Services Pvt Ltd.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India's total stocks of edible oil
at the start of April were a record 2.1 million tonnes, or nearly 45 days of
consumption against the usual stock of a month's needs.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But due to the lower palm oil
imports, the total stocks of cooking oil stood at 1.8 million tonnes at the end
of April, down 14 percent from the previous month, the SEA data showed.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India buys mainly palm oils from
Malaysia, Indonesia and a small quantity of soyoil from Brazil, Argentina.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India imports about 60 percent of
its cooking oil demand of 17 million tonnes, with palm oil's share at about 80
percent.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">For the half year to April, India's
vegetable imports rose about 13 percent to 5.3 million tonnes from a year ago,
on track to surpass last year's record purchases. India's vegetable oil year
runs from November to October.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Soyoil imports rose 8.5 percent in
April to 50,999 as some delayed cargoes from South America arrived. Sunflower
imports fell 2.5 percent to 88,368 tonnes as the start of summer cut appetite
for fried foods.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-71204857909353353742013-05-15T08:27:00.001+08:002013-05-15T08:27:12.362+08:00Trader's highlight<br />
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - NEW YORK, May 14 (Reuters) - </b><span style="font-size: small;">U.S.
stocks rallied to fresh highs on Tuesday as investors picked up large-cap
companies' shares on the expectation that central bank stimulus will help
propel the rally further.<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Gains were broad, but growth sectors
outperformed their peers with bank stocks leading the way. Bank of America ,
up 2.8 percent at $13.34, was the Dow's biggest percentage gainer, while
Citigroup Inc rose 2.4 percent to $50.09.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Wall Street has rallied without a
significant correction since the start of the year, pushing major indexes to
all-time records and sending the S&P 500 up almost 16 percent for 2013 so
far.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The ascent has been driven in large
part by the Federal Reserve's easy monetary policy, designed to stimulate the
economy, though investors' focus has turned to when the Fed may start to rein
in its bond-purchase program.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The developed economies of the
world are all easing aggressively, the money is looking for a home, and it's
ending up in the stock markets," said Bucky Hellwig, senior vice president
at BB&T Wealth Management in Birmingham, Alabama.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">For now, investors are betting that
the central bank will be careful not to remove its support too soon in order to
not disrupt the economic recovery it is trying to foster, Hellwig said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">So far, declines in the market have
been met with buying and investors are trying to gauge how long that can last.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"People are indeed trying to
participate in the rally, but at the same time, they're trying to be
cautious," said Brad McMillan, chief investment officer of Commonwealth
Financial, based in Waltham, Massachusetts.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The S&P 500 financial sector
index rose 1.7 percent, while the S&P
transports group index gained 1.4 pct.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">The Dow Jones industrial average gained 123.57 points, or 0.82 percent, to close at a record 15,215.25. The
Standard & Poor's 500 Index rose 16.57 points, or 1.01 percent, to end at a record 1,650.34. The Nasdaq
Composite Index </span>climbed 23.82 points, or 0.69 percent, to
3,462.61, its highest close since November 2000.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>Oils - </b><b>NEW YORK, May 14 (Reuters) - </b>Brent
crude oil prices fell on Tuesday after a global energy watchdog described world
supplies as "comfortable" and analysts forecast a continued build in
the U.S. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;">crude inventory, while gasoline rose 1 percent on expected inventory
draws ahead of the summer driving season.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. crude prices tumbled further
late in the trading session, following news that an outage on TransCanada's
590,000-barrel-per-day Keystone oil pipeline would be resolved by Tuesday.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Earlier in the session, strong U.S.
equity markets helped support U.S. crude. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. crude's slide allowed Brent to
regain some of its premium to the U.S. crude oil after it had earlier narrowed
to the lowest level since 2011.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent crude oil fell 22 cents to settle at $102.60 per barrel, after trading largely within a
$1 range. U.S. crude settled down 96 cents at $94.21 per barrel.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>CBOT Soybean - May 14 (Reuters)</b> - Soybean futures on the Chicago Board of
Trade ended mixed on Tuesday, with most-active July lower on profit-taking
after rising to a six-week high, traders said.</span></div>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">The spot May contract expired at
$15.24-1/2 per bushel, up 3-1/2 cents on the day, after reaching $15.45,
the highest spot price on continuous charts since Nov. 2.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">CBOT has reported no deliveries of soybeans or soymeal so far
in the May delivery cycle, underscoring tight supplies and firm cash
markets.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">After CBOT May contracts expired, traders took profits on long
July/short November soybean positions.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Drier weather early this week in the U.S. Midwest will boost
plantings before more showers develop late on Wednesday and continue into
the weekend, with the heaviest rain in the northern Midwest.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><o:p></o:p></span><span lang="EN-US">The National Oilseed Processors Association's monthly soybean
crush data on Wednesday should show the U.S. crush for April at 125.5
million bushels, a poll of eight analysts projected, down from NOPA's
March crush of 137.080 million bushels.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The average of analysts' estimates for NOPA's April U.S. soyoil
stocks figure was 2.653 billion lbs, down from NOPA's March figure of
2.765 billion.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Chinese soybean production will drop 3.9 percent this year in
its third straight annual fall, boosting imports by the world's top buyer,
an official think tank said.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">Major soy importers will rely on increasing volumes from South
America in the next six months as exports from the United States slow
because of lower stocks, oilseed analyst Oil World said. </span><span style="line-height: 115%;">A
northern stretch of the Illinois River that has been closed since Saturday for
emergency lock repairs may reopen to commercial navigation as soon as Tuesday
evening, the U.S. Coast Guard and Army Corps of Engineers said.</span></span></li>
</ul>
<div style="text-align: justify;">
<span style="line-height: 17px;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 17px;"><b>BMD CPO - </b></span><b>SINGAPORE, May 14 (Reuters) -
</b>Malaysian palm oil futures edged lower on Tuesday, dropping for a second
straight session as worries about weak exports and a firm ringgit kept
investors on the sidelines.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Malaysian palm oil exports fell 16.7
percent in the first 10 days of the month from the same period a month ago,
weighed by slowing demand from Europe and China, said cargo surveyor Intertek
Testing Services. <a href="reuters://REALTIME/Verb=Headlines/ric=PALM/ITS"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Another surveyor Societe Generale de
Surveillance reported a steeper 18.4 percent drop. <a href="reuters://REALTIME/Verb=Headlines/ric=PALM/SGS"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"There are two main reasons the
market is down today: a strong ringgit and the weak exports figure. Support
level is at 2,280 ringgit," said a trader with a foreign commodities
brokerage in Kuala Lumpur.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">A firmer ringgit ,
which rose about 0.3 percent against the dollar on Tuesday, makes the feedstock
more expensive for overseas buyers and refiners.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">At market close, the benchmark July
contract on the Bursa Malaysia Derivatives Exchange
was down 0.4 percent at 2,301 ringgit ($770) per tonne, after trading between
2,291 and 2,327 ringgit.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes stood at 26,482
lots of 25 tonnes each, lower than the average 35,000 lots.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Malaysian palm oil stocks eased 11.3
percent in April, due to a combination of stagnant production growth and
higher-than-expected exports and local consumption. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The market is now waiting for
Malaysia's palm exports data for the May 1-15 period due Wednesday to gauge
demand.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India's palm oil imports declined
for a third straight month in April, Mumbai trade body the Solvent Extractors'
Association said on Tuesday, as refiners in the world's biggest buyer used
stocks and processed the new rapeseed harvest. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent crude
slipped below $103 per barrel on Tuesday, caught between hopes of a revival in
global economic growth and worries over demand after bearish reports from the
West's energy watchdog. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: small;">In vegetable oil markets, U.S.
soyoil for July delivery fell 0.3 percent in late Asian trade. The
most-active September soybean oil contract </span>on the Dalian Commodities Exchange closed 0.1 percent lower.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-86326310188291572822013-05-14T09:19:00.002+08:002013-05-14T09:19:21.015+08:00RTRS - China April factory output disappoints, clouds outlook<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>BEIJING, May 13 (Reuters) -</b> China's
factory output growth was surprisingly muted in April, darkening the outlook
for the Chinese economic recovery and feeding expectations that the government
may take policy action to support activity.<span style="font-size: small;"><o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Annual industrial output grew 9.3
percent in April, up from a seven-month low of 8.9 percent hit in March but
still missing market expectations for a 9.5 percent expansion, data showed on
Monday.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Economic activity is weaker
than expected. This could reinforce the case for the central bank to cut
interest rates," said Zhou Hao, an economist from ANZ Bank in Shanghai.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Fixed-asset investment, an important
driver of China's economy, also missed market forecasts, growing 20.6 percent
in the first four months of 2013 compared with the same period a year ago.
Economists had expected growth of 21 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Retail sales was the only piece of
data that met market expectations, growing 12.8 percent in April from a year
ago.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">For investors, the big question now
is whether China's growth recovery is still on track.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Just a few months ago, investors had
lauded the world's second-biggest economy as being in a sweet spot of benign
inflation and rebounding growth.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But hopes that China's economy is
recovering from last year's slump, its worst in 13 years, took a beating after
growth unexpectedly cooled in the first quarter.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">April's output figures follow
surprisingly buoyant trade numbers for the month, which many economists suspect
are inflated by firms' attempts to sneak funds into China past its capital
controls. They say true export growth was likely more moderate. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">On the other hand, a slightly quicker-than-expected
pick-up in consumer inflation in April suggested Beijing does not have quite as
much room as it might desire to relax monetary policy should growth swoon. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The mixed bag of economic figures
from China this month should encourage investors to look at data from the real
economy for clues on the state of growth. The country's power output numbers
for April, for instance, are due on Tuesday.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Analysts have struggled to track the
turns in China's economy in the past year, often proving to be too upbeat.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Predictions that a mild economic
recovery was under way this year proved overly optimistic after growth
sputtered between January and March. Calls in 2012 for a growth rebound were
also nine months too early, materialising only in the fourth quarter.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-11731861359072113142013-05-14T09:17:00.002+08:002013-05-14T09:17:23.704+08:00RTRS - U.S. retail sales gain shows some strength in economy<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>WASHINGTON, May 13 (Reuters) - </b><span style="font-size: small;">U.S.
retail sales unexpectedly rose in April, pointing to underlying strength in the
economy and leading forecasters to bump up second-quarter growth estimates.<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The surprise gain in retail sales,
which account for about 30 percent of consumer spending, was the latest sign of
resilience in an economy that has been hit by belt-tightening in Washington as
the government tries to cut its budget deficit.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"It's more indication that our
economy is growing. It's not growing as rapidly as a lot of people would like,
but things are improving," said Tom Hall, an economics professor at Miami
University's Farmer School of Business in Oxford, Ohio.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Retail sales edged up 0.1 percent
after a 0.5 percent drop in March as households bought automobiles, building
materials and a range of other goods, the Commerce Department said on Monday.
Economists had expected a decrease of 0.3 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">So-called core sales, which strip
out automobiles, gasoline and building materials and correspond most closely
with the consumer spending component of the government's measure of gross
domestic product, increased 0.5 percent after an upwardly revised 0.1 percent
gain in March. February's core sales were revised higher as well.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Coming on the heels of data showing
relatively sturdy job growth over the last three months, the increase in core
sales helped to allay fears of an abrupt slowdown in the economy.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The dollar rose against the euro and
the yen, while prices for U.S. Treasury debt moved lower. Stocks on Wall Street
retreated from recent record highs, but the data helped to limit losses.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Several economists raised
second-quarter growth estimates on the fairly strong core sales number. Goldman
Sachs lifted its forecast by three tenths of a percentage point to a 2.1
percent annual rate, while JPMorgan pushed up its estimate by half a point to 2
percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The positive revisions to the core
sales data for February and March initially led economists to anticipate that
the government would revise higher its initial 2.5 percent estimate for
first-quarter GDP growth.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">However, a second report from the
Commerce Department showed business inventories were flat in March for a second
month, suggesting restocking was probably not as big a boost to growth in the
first three months of the year as initially thought.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Even so, economists said the
government's initial estimate would likely hold, given that core retail sales
for February and March were stronger than earlier believed.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In addition, the lack of inventory
accumulation should be a boon to second-quarter growth as businesses will
likely have to stock up to meet steady demand from households. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>FALLING GAS PRICES HELPING</b><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Growth is being crimped by the end
of a 2 percent payroll tax cut and higher tax rates for wealthy Americans,
which kicked in on Jan. 1. Across-the-board government spending cuts worth
about $85 billion are also weighing.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But declining gasoline prices, which
fell 14 cents in April, are helping to offset some of the drag on household
income, freeing up money for discretionary spending.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Economists say the Federal Reserve's
campaign to keep interest rates low is also helping households, in part by
pushing up share prices and home values.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Those who doubt that the
Federal Reserve is making an impact just need to look at debt restructuring and
wealth effects on spending," said Diane Swonk, chief economist at Mesirow
Financial in Chicago. "There is no way the consumer would be holding up so
well without the support of lower interest rates."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The tone of the retail sales report
was mostly firm. Receipts at auto dealerships rose 1.0 percent after falling
0.6 percent in March. Though falling gasoline prices pushed down receipts at
gasoline stations, sales excluding gasoline recorded their largest increase
since December.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Stripping out gasoline and autos,
sales rose 0.6 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Sales of building materials and
garden equipment supplies rose, posting their largest rise since September, a
reflection of the housing market's recovery.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Receipts at clothing stores recorded
their biggest increase since February last year. There were also increases in
sales at sporting goods, hobby, book and music stores, and electronics and
appliances stores.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-88003645751743915092013-05-14T09:15:00.001+08:002013-05-14T09:15:58.264+08:00Trader's highlight<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - </b><b>NEW YORK, May 13 (Reuters) -</b> U.S.
stocks closed little changed on Monday, pausing after hitting record highs last
week, but strength in healthcare issues helped to keep declines in check.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The day's flat close followed a
third straight week of gains on the major indexes, with both the Dow and
S&P 500 setting record closing highs last week. The S&P 500 remains up
14.5 percent for the year so far.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">While some analysts argue the
long-term trend is still higher, many see momentum waning in the near term in
the absence of positive catalysts. Volume has been lighter than average, and
volatility has been low in recent days.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Intraday volatility has
essentially been nonexistent. I think it means people are really sitting on the
sidelines right now seeing which way it's going to go," said Uri
Landesman, president of Platinum Partners in New York. He expects the rally to
top out in the next two weeks.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average ended down 26.81 points, or 0.18 percent, at 15,091.68. The Standard &
Poor's 500 Index was up 0.07 point at 1,633.77. The Nasdaq
Composite Index was up 2.21 points, or 0.06 percent, at
3,438.79.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>Oils - </b></span><b>NEW YORK, May 13 (Reuters) -</b> Crude
oil prices settled lower on Monday after a choppy day of trading, hit by
slowing oil demand in China and data showing the biggest drop for U.S. retail
gasoline sales in more than four years.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Positive U.S. retail sales data
supported the idea that the U.S. economy was continuing to recover but it did
not apply to gasoline sales, underscoring ailing demand for the fuel. The
retail data also strengthened the U.S. dollar, which had a negative impact on
the price of crude oil.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Refinery crude throughput in China,
the world's second-largest consumer, fell 3 percent in April from March, its
lowest daily rate since last September, as refineries entered maintenance
season. Implied oil demand was up 3.2 percent in April from a year earlier to
about 9.6 million barrels per day, the lowest in eight months. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent crude settled down $1.09 per barrel at $102.82, after trading as low as $102.25. U.S.
oil ended the day 87 cents lower at $95.17 a
barrel, after trading as low as $94.47.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The economic data in China is
not yet providing upward support. It is not that it is weak, it is simply not
sufficient to support a bullish trend," Harry Tchilingurian, head of
commodity market strategy at BNP Paribas, said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. retail sales edged up 0.1
percent, after a revised 0.5 percent decline in March, data from the Commerce
Department showed. Economists polled by Reuters had expected retail sales to
drop 0.3 percent last month.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>CBOT Soybean - </b></span>Soybean futures on the Chicago Board of Trade rose on Monday on firm cash markets and tightening U.S. supplies, lifting
the spot contract to a six-month high, traders said.</span></div>
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<br /></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">The May
soybean contract rose 2.2 percent one day</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">ahead of
its expiration, peaking at $15.27-1/4 per bushel, the</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">highest
spot soybean price since Nov 2.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Nearby
soymeal contracts posted the biggest percentage</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">gains in
the soy complex and soyoil followed the higher trend.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Cash bids
for soybeans were steady to sharply higher in</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">the
eastern U.S. Midwest as farmers delayed sales and deliveries</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">of
old-crop supplies and focused on planting their new crop.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Light
rains at mid-week will slow fieldwork in parts of</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">the U.S.
Midwest, with heavier rains to follow early next week,</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">an
agricultural meteorologist said. Conditions should favor</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">active
planting early this week. </span></span></div>
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<br /></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Ahead of
the USDA's weekly crop progress report later on</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Monday, a
Reuters survey of analysts pegged U.S. soybean</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">planting
progress by May 12 at 10 percent, up from 2 percent a</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">week ago.
Estimates ranged from 7 percent to 13 percent</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">complete. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">USDA
reported export inspections of U.S. soybeans in the</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">latest
week at 3.351 million bushels, within a range of trade</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">estimates
for 3 million to 6 million. </span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>BMD CPO - </b></span><b>SINGAPORE, May 13 (Reuters) -</b>
Malaysian palm oil futures eased from a one-month high on Monday as worries
about weak exports prompted profit-taking and offset initial gains driven by
slowing inventory levels.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Edible oil futures got off to a
strong start as traders priced in a drop of 11.3 percent in Malaysia's
end-April palm oil stocks to 1.93 million tonnes from a month earlier.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But lacklustre export demand later
weighed down prices. Palm exports slid 18.4 percent to 377,193 tonnes for the
first 10 days of May from a month earlier, on slowing demand from Europe and
China, cargo surveyor Societe Generale de Surveillance said last Friday. <a href="reuters://REALTIME/Verb=Headlines/ric=PALM/SGS"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The Malaysian palm oil stock
finally crossed below the 2-million-tonne mark, which is positive for the crude
palm oil price as it is an indication that stocks have normalised," said
Ivy Ng, senior research analyst at Malaysia's CIMB Investment Bank.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"But this was offset by the 18
percent drop in palm oil exports for the first 10 days of May," she added.
"We suspect the weaker exports may be due to higher demand for Indonesian
palm oil ... and slower demand from China due to high stocks at the
ports."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The benchmark July contract on the Bursa Malaysia Derivatives Exchange lost 0.4 percent to close at 2,309
ringgit ($771) per tonne, and off an earlier high of 2,341 ringgit, a level
last seen on April 12.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes stood at 20,607
lots of 25 tonnes each, lower than the average 35,000 lots.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Stagnant production growth in April
led to a bigger decline in Malaysian stocks than expected, and analysts said
slowing output growth could continue to trim stocks this month, and support
crude prices.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Looking forward, we believe
stocks could fall 5 percent month-on-month to 1.84 million tonnes by May. The
trend of declining inventory is supportive," said Alan Lim Seong Chun, a
research analyst with Malaysia's Kenanga Investment Bank.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, crude prices
slipped towards $103 a barrel on Monday as oil demand in the world's
second-largest consumer China fell to eight-month lows, weighing on the global
outlook for the fuel. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: small;">In vegetable oil markets, U.S.
soyoil for July delivery fell 0.2 percent in late Asian trade. The
most-active September soybean oil contract </span> on the Dalian Commodities Exchange rose 0.4 percent.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-64095495531240425072013-05-13T14:52:00.000+08:002013-05-13T14:52:25.106+08:00Bloomberg - Palm Gains to One-Month High as Slow Output to Cap Inventories<span style="font-family: Arial, Helvetica, sans-serif; line-height: 24px; text-align: justify;">Palm oil advanced to the highest level in more than a month on speculation that stockpiles in Malaysia, the world’s second-largest producer, will remain below 2 million tons for a second month as output growth slows.</span><br />
<div style="border: 0px; outline: 0px; padding: 10px 0px; text-align: justify; vertical-align: baseline;">
<span style="line-height: 24px;"><span style="font-family: Arial, Helvetica, sans-serif;">The contract for July delivery climbed as much as 1 percent to 2,341 ringgit ($780) a metric ton on the Bursa Malaysia Derivatives, the highest price for the most-active futures since April 12, before trading at 2,323 ringgit by 12:02 p.m. in Kuala Lumpur. Futures gained 3 percent last week.</span></span></div>
<div style="border: 0px; outline: 0px; padding: 10px 0px; text-align: justify; vertical-align: baseline;">
<span style="line-height: 24px;"><span style="font-family: Arial, Helvetica, sans-serif;">Reserves fell 11 percent to 1.93 million tons in April, the lowest level since June, according to the Malaysian Palm Oil Board. That was less than the median estimate of 2.06 million tons in a Bloomberg survey. Output climbed 3.1 percent to 1.37 million, while exports dropped 5.6 percent to 1.45 million tons, the board said May 10.</span></span></div>
<div style="border: 0px; outline: 0px; padding: 10px 0px; text-align: justify; vertical-align: baseline;">
<span style="line-height: 24px;"><span style="font-family: Arial, Helvetica, sans-serif;">“We expect the slower output growth to sustain in the current month and this will help keep stocks at around 1.92 million tons at the end of May,” said Ivy Ng, an analyst at CIMB Investment Bank Bhd. Demand from importers should pick up before the Muslim fasting month of Ramadan, starting in July this year, she wrote in a report dated May 11.</span></span></div>
<div style="border: 0px; outline: 0px; padding: 10px 0px; text-align: justify; vertical-align: baseline;">
<span style="line-height: 24px;"><span style="font-family: Arial, Helvetica, sans-serif;">Consumption usually increases during Ramadan, boosting purchases from the Middle East to South Asia including India, the world’s biggest buyer.</span></span></div>
<div style="border: 0px; outline: 0px; padding: 10px 0px; text-align: justify; vertical-align: baseline;">
<span style="line-height: 24px;"><span style="font-family: Arial, Helvetica, sans-serif;">Exports from Malaysia plunged 17 percent to 380,047 tons in the first 10 days of this month, surveyor Intertek said May 10. Shipments dropped 18 percent to 377,193 tons from the same period in April, according to Societe Generale de Surveillance.</span></span></div>
<div style="border: 0px; outline: 0px; padding: 10px 0px; text-align: justify; vertical-align: baseline;">
<span style="line-height: 24px;"><span style="font-family: Arial, Helvetica, sans-serif;">Stockpiles at major ports in China, the second-biggest importer, climbed last week to a record 1.35 million tons, up about 50,000 tons from a week earlier, the China National Grain and Oils Information Center said in a report e-mailed today.</span></span></div>
<div style="border: 0px; outline: 0px; padding: 10px 0px; text-align: justify; vertical-align: baseline;">
<span style="line-height: 24px;"><span style="font-family: Arial, Helvetica, sans-serif;">Refined palm oil for September delivery was little changed at 6,128 yuan ($997) a ton on the Dalian Commodity Exchange, while soybean oil fell 0.4 percent to 7,498 yuan. On the Chicago Board of Trade, soybeans for July gained 0.2 percent to $14.015 a bushel. Soybean oil rose 0.2 percent to 49.32 cents a pound.</span></span></div>
<br />futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-49912228835669209722013-05-13T09:46:00.003+08:002013-05-13T09:46:35.270+08:00RTRS - PREVIEW-Malaysia April palm oil stocks likely hit 9-mth low<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>SINGAPORE, May 10 (Reuters) -
</b><span style="font-size: small;">Malaysia's end-April stocks of palm oil fell to their lowest in nine months,
breaking below a key psychological threshold in a move that could spur
additional buying and support prices.<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Inventories in the world's
second-largest producer of the edible oil dropped 11.3 percent in April to 1.93
million tonnes in the steepest fall since Jan 2011. The decline outpaced a fall
of 10.9 percent in March.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The April stocks figures far
exceeded expectations of a drop of 6.1 percent to 2.04 million tonnes, and the
fall below 2 million could draw buyers when the market re-opens later. <a href="reuters://REALTIME/Verb=Headlines/ric=PALM/POLL"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The market expects stocks to
fall, but not below the two-million-tonne mark. This is a positive surprise and
we can expect prices to gain further later," said a trader with a
Malaysian commodities brokerage.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">By the midday break, the benchmark
futures were up 1 percent at 2,310 ringgit per
tonne. Leading analyst Dorab Mistry had forecast prices could rise to 2,400 to
2,700 ringgit by the end of May as weaker output sped a fall in stockpiles. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Production edged up 3.1 percent to
1.37 million tonnes in April, but the yield recovery missed expectations of
1.39 million. Exports fell just 5.6 percent to 1.45 million tonnes from a month
ago, less than a forecast of 9 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-3590847180269511322013-05-13T08:53:00.004+08:002013-05-13T08:53:54.914+08:00RTRS - India's April palm oil imports down, refiners use stocks<br />
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>NEW DELHI, May 10 (Reuters) </b>- India's palm oil imports fell
for a third straight month in April as refiners in the world's biggest buyer
used stockpiles and processed the new rapeseed harvest, a Reuters survey
showed.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India's overseas purchases of palm oil hit an all-time high
in January as leading producers Indonesia and Malaysia made their exports
attractive by varying tax levels. But imports fell in February and March as
India slapped a duty on crude palm oil.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Palm oil imports are expected to drop 16.4 percent from a
month ago to an average of 592,142 tonnes in April, the survey of seven traders
showed, including 220,000 tonnes of refined palm oil shipments, up 60 percent
from the previous month.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Refined palm oil imports rose as the spread with the crude
variant narrowed to $15-20 in April as against $30-35 in March. Imported
refined palm oil is currently quoted at $830 per tonne on the country's west
coast, while the delivered price for crude palm oil is $820 per tonne.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Imports of vegetable oils, including non-edible oils, fell
15.1 percent to 761,428 tonnes in April, led by the drop in palm oil imports,
the survey showed.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"High level of palm oil stocks acted as a disincentive
for monthly imports," said Sat Narain Agarwal, a Delhi-based trader.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The country's total edible oil stocks at the start of April
stood close to the previous month's record level of 2.12 million tonnes, or
nearly 45 days of consumption against the usual stock of about a month,
according to the Mumbai-based trade body Solvent Extractors' Association.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The survey showed average estimated stocks at Indian ports
at the end of April fell 3.45 percent to 700,000 tonnes from March, confirming
the use of old stocks by refiners. SEA's stock figures include those in transit
from ports.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India, the world's biggest importer of vegetable oils, buys
mainly palm oils from Malaysia, Indonesia and a small quantity of soyoil from
Brazil, Argentina.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India imports about 60 percent of its cooking oil demand of
17 million tonnes, with palm oil's share at about 80 percent. In 2011/12, India
imported 10 million tonnes of cooking oil.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Trade bodies have been asking for an increase in the duty
on refined palm oil to safeguard the interests of local oilseed growers and
refiners. But last month the government said it was not in favour of any rise
in the duty for edible oils.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">India's food inflation eased to 8.73 percent in March.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">For the half year to April, India's vegetable imports are
expected to jump 15 percent to 5.4 million tonnes from a year ago, indicating
that the imports are on track to surpass last year's record purchases. India's
vegetable oil year runs from November to October.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Imports in May could be 800,000-850,000 tonnes as
overall stocks continue to be higher," said Govindbhai G. Patel, a trader
based in the western oilseed centre of Rajkot.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Monthly soyoil imports are expected to rise 29.2 percent as
some delayed cargoes from South America should arrive, while sunflower imports
may have fallen by 20.4 percent with the start of summer which cuts appetite
for fried foods.</span><o:p></o:p></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-24431627276029072902013-05-13T08:53:00.000+08:002013-05-13T08:53:03.848+08:00Trader's highlight<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - NEW YORK, May 10 (Reuters) -</b><span style="font-size: small;"> The Dow
and S&P 500 ended at record highs on Friday, and stocks posted a third
consecutive week of gains as a rise in Google and other technology shares
offset a slide in energy stocks.<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Stocks have risen on the Federal
Reserve's accommodative monetary stance and some encouraging corporate
earnings, but analysts said momentum could wane without further positive signs.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"I think it's going to hard to
maintain these levels in the short term," said Natalie Trunow, chief
investment officer of equities at Calvert Investment Management, which has
about $13 billion in assets.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"There are not a lot of
positive catalysts to keep it going," she said, noting that spending cuts
by the federal government could pressure the economy in the near term.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Oil prices tumbled as the U.S.
dollar hit a 4 1/2-year high against the yen and the dollar index was on track for its strongest week against
other major currencies in 10 months. A strong dollar makes commodities priced
in the greenback, such as gold and oil, more expensive for foreign investors,
pressuring shares of energy and basic materials companies.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average was up 35.87 points, or 0.24 percent, at 15,118.49. The Standard & Poor's
500 Index was up 7.03 points, or 0.43 percent, at
1,633.70. The Nasdaq Composite Index was up 27.41 points, or 0.80 percent, at 3,436.58.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The S&P 500 is up 14.6 percent
for the year. For the week, the Dow rose 1 percent, the S&P 500 1.2 percent
and the Nasdaq 1.7 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>CBOT Soybean - May 10 (Reuters) -</b> Benchmark July soybean futures on the
Chicago Board of Trade fell 0.7 percent on Friday, halting a three-day rally, after the U.S.
government forecast that U.S. soybean stocks would more than double in 2013/14,
traders said.</span></div>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">USDA projected U.S. 2013/14 soybean ending stocks at 265
million bushels, more than double the 125 million in 2012/13.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In its first official outlook for the new crop year, USDA
pegged U.S. 2013/14 soybean production at a record-large 3.390 billion
bushels based on an average trend-line yield of 44.5 bushels per acre.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Front-month May soybeans and May soymeal , which expire
next week, continued to gain against back months on spreads, supported by
scarce U.S. old-crop soybean supplies and firm cash markets.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Soyoil gained against soymeal on oil/meal spreads after USDA
lowered its forecast of U.S. 2012/13 soyoil ending stocks while leaving
its soymeal stocks forecast unchanged.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Drier weather this weekend into early next week will boost U.S.
corn plantings that have fallen to the slowest pace in nearly three
decades. But more showers are expected next weekend.</span></span></li>
</ul>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">For the week, July soybeans rose 0.8 percent, their second
straight rise. July soymeal rose 0.1
percent and July soyoil fell 0.1
percent.<o:p></o:p></span></span></li>
</ul>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>Oils - </b><b>NEW YORK May 10 (Reuters) -</b> Brent
and U.S. crude oil ended slightly down on Friday, after trading sharply lower
for much of the session, rebounding as the U.S. dollar weakened and on late
news reports that more oil would flow through BP Plc's Whiting, Indiana, refinery.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Earlier in the day, the euro had
dropped to a one-month low against the dollar on expectations that the U.S.
Federal Reserve would cut back on it monetary easing program. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But the dollar weakened toward the
end of the day. The U.S. dollar index eased to 83.151 after reaching an earlier high of 83.438.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Crude oil prices are denominated in
U.S. dollars, and when the value of the currency sinks, prices rise to offset
the weakness.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The dollar has given back a
fairly decent portion of its gains," said Brian LaRose, technical analyst
with United-ICAP in Jersey City.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent crude oil settled 56 cents lower at $103.91 per barrel after trading as low as $101.56.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. crude oil futures ended the day 35 cents lower at $96.04 per barrel after trading more than $3
lower at $93.37.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>BMD CPO - </b></span><b>KUALA LUMPUR, May 10 (Reuters) -</b>
Malaysian palm oil futures climbed to their highest in two weeks on Friday as
stocks eased below the key 2-million-tonne mark in the world's No.2 producer,
but gains were capped by a surprise fall in exports in the first ten days of
May.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Stocks data from industry regulator
the Malaysian Palm Oil Board showed inventory levels at the end of April down
11.3 percent to 1.93 million tonnes against the previous month's 2.17 million
tonnes. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The decline exceeded expectations of
a fall to 2.04 million tonnes, in a Reuters poll. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But exports of palm oil products for
May 1-10 slid 16.7 percent to 380,047 tonnes compared to the same period in
April, as smaller shipments of the crude and refined grade weighed. Demand from
Europe and China was also sluggish. <a href="reuters://REALTIME/Verb=Headlines/ric=PALM/ITS"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Another cargo surveyor Societe
Generale de Surveillance reported a steeper 18.4 percent drop late on Friday. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Traders were reacting to
stocks falling below 2 million tonnes, so we see a strong market today. But
lower exports for the first 10 days may erase some gains," said a trader
with a foreign commodities brokerage in Kuala Lumpur.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The benchmark July contract on the Bursa Malaysia Derivatives Exchange rose as high as 2,334 ringgit per
tonne, a level last seen on April 26. It closed at 2,320 ringgit ($777), up 1.4
percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Positive investor sentiment helped
palm post a 3 percent weekly gain, its biggest in seven.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes stood at 29,844
lots of 25 tonnes each, slightly lower than the average 35,000 lots.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Prices dipped to a near 5-month low
on Monday after the ringgit surged against the dollar following the
ruling coalition's win in Malaysia's general elections. It later rose on
bargain hunting and expectations of a drop in inventories.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent crude oil
slid below $104 a barrel on Friday as rising supplies and doubts over China's
economy outweighed stronger signs of a U.S. recovery. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">In vegetable oil markets, U.S.
soyoil for July delivery </span>was almost flat in late Asian trade. The
most-active September soybean oil contract on the Dalian Commodities Exchange rose 2.1 percent.</span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-65066290188295188522013-05-09T11:20:00.000+08:002013-05-09T11:20:04.574+08:00Trader's Highlight<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><b>DJI- NEW YORK</b>, May 8 (Reuters) - The
S&P 500 closed at an all-time high for a fifth day on Wednesday in a broad
rally that keeps surprising investors with its longevity and resilience.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Dow also ended at a record high
for a second straight day, pushing further above 15,000.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Financials, materials and technology
sectors were among the strongest performers, with shares of International
Business Machines <a href="reuters://REALTIME/Verb=FullQuote/ric=IBM.N"><span style="color: blue;">IBM.N</span></a> leading the Dow higher. IBM's stock rose
1.1 percent to $204.82.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Solid corporate earnings along with
continued accommodative monetary policies have supported the market's climb,
which had been led by mostly defensive sectors. The recent rally, though,
appears to reflect a shift to growth-oriented sectors leading the advance.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"Cyclicals will probably be
fairly strong in the short term, based on the strengthening parts of the
economy," said Bryan Evans, investment advisor and portfolio manager at
Cozad Asset Management, in Champaign, Illinois.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Dow Jones industrial average <a href="reuters://REALTIME/Verb=FullQuote/ric=.DJI"><span style="color: blue;">.DJI</span></a>
gained 48.92 points, or 0.32 percent, to end at a record high of 15,105.12 -
its second consecutive close above 15,000. The Standard & Poor's 500 Index <a href="reuters://REALTIME/Verb=FullQuote/ric=.SPX"><span style="color: blue;">.SPX</span></a>
rose 6.73 points, or 0.41 percent, to finish at a record high of 1,632.69. The
Nasdaq Composite Index <a href="reuters://REALTIME/Verb=FullQuote/ric=.IXIC"><span style="color: blue;">.IXIC</span></a> advanced 16.64 points, or 0.49 percent, to
close at 3,413.27.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">During the session, the Dow also
reached an all-time intraday high of 15,106.81 and the S&P 500 set a record
intraday high of 1,632.78.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The S&P 500 has climbed 14.5
percent so far this year, while the Dow has advanced 15.3 percent and the
Nasdaq has gained 13 percent.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Despite the gains, the market
remains below overbought territory, with the relative strength index on the
S&P 500 slightly below 70.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Still, the potential for the market
to pause increases as the earnings reporting period winds down, said Bruce
Zaro, chief technical strategist at Delta Global Asset Management in Boston.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"Now that earnings are over and
done ... there's no real fundamental reason to buy stocks," he said.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Results are in from about 440
companies so far. Earnings have largely been better than expected this quarter,
with the majority of companies surpassing estimates.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Some of the day's biggest movers
were stocks cited by prominent investors at the Sohn Investment Conference, a
hedge fund industry event in New York.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Volume was roughly 6.2 billion
shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT,
below the average daily closing volume of about 6.4 billion this year.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Advancers outpaced decliners on the
NYSE by a ratio of nearly 2 to 1, while on the Nasdaq, seven stocks rose for
every five that fell.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><b>CRUDE- </b></span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><b>NEW YORK</b> May 8 (Reuters) - The
spread between Brent and U.S. crude oil futures narrowed sharply in the last
half hour of trade on Wednesday fueled by expectations for increased capacity
to funnel rising U.S. crude oil production out of benchmark-supply-point
Cushing.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The spread between U.S. crude oil
and Brent settled at $7.72, the lowest settlement since late January 2011.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Oil stocks at Cushing, Oklahoma,
fell by 652,000 barrels to 49.15 million in the latest week, U.S. Energy
Information Administration (EIA) data released on Wednesday showed.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The perception and expectation that
further capacity could bring a flood of crude out of Cushing and into U.S.
refineries drove U.S. prices higher, tightening the differential between the
U.S. benchmark and Brent for much of the trading session.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">A flood of volume at the end of the
session pushed U.S. crude oil futures <a href="reuters://REALTIME/Verb=FullQuote/ric=CLc1"><span style="color: blue;">CLc1</span></a>
up $1 per barrel higher to settle at $96.62, after it traded mostly 30-50 cents
higher during Wednesday's session.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"People bid the market on the
draw in Cushing," said Stephen Schork, editor of The Schork Report in
Pennsylvania.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">But the sharp action was seen at the
end of the session when a chunk of volume was pushed through.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">BP Plc <a href="reuters://REALTIME/Verb=FullQuote/ric=BP.L"><span style="color: blue;">BP.L</span></a>
is expected to begin the start-up of an upgraded crude distillation unit at its
405,000 barrel-per-day Whiting, Indiana, refinery at the end of May. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Last month, traders speculated that
a report showing an increase in oil shipments on a pipeline from Cushing into
the Whiting refinery was a sign that new units were set to restart.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">This was also linked to a narrowing
in the Brent/WTI spread.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Brent crude oil futures <a href="reuters://REALTIME/Verb=FullQuote/ric=LCoc1"><span style="color: blue;">LCoc1</span></a>
settled 6 cents lower at $104.34 per barrel, after trading as low as $103.53
during the session.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Brent prices were weakened by mixed
economic data. China's daily crude imports in April rose 3.7 percent from a
year ago and 3.5 percent compared to March, but EIA data on Tuesday left a
lacklustre outlook for demand.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In its monthly Short-Term Energy
Outlook, the EIA cut its forecast for demand growth this year to 890,000
barrels per day (bpd), a reduction of 70,000 bpd from last month's forecast,
and reduced its 2014 estimate by 120,000 bpd to 1.21 million bpd.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Imports and exports from China, the
world's second largest oil consumer, grew more than expected in April from a
year ago, but the accuracy of the data was called into question.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"I have no strong conviction
whether the data reflects reality. We'll focus on next Monday's activities
data," said Zhiwei Zhang, chief China economist at Nomura in Hong Kong.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">A stronger stock market lent some
support to oil markets, lifting equities and commodities prices alike.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Dow Jones <a href="reuters://REALTIME/Verb=FullQuote/ric=.DJI"><span style="color: blue;">.DJI</span></a>
unofficially closed above 15,000 points for a second day after setting a record
on Tuesday.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><b>CBOT</b>- </span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">May 8 (Reuters) - Soybean futures on
the Chicago Board of Trade ended mixed on Wednesday, with nearby contracts
higher on tight old-crop supplies and firm cash markets, traders said.</span></div>
<ul type="disc">
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The benchmark July soybean
contract <a href="reuters://REALTIME/Verb=FullQuote/ric=SN3"><span style="color: blue;">SN3</span></a> briefly rose above psychological
resistance at $14 and reached $14.03, its highest level since April 30,
before paring gains.<o:p></o:p></span></li>
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Deferred soybean contracts
edged lower on spillover pressure from corn and expectations that
improving weather in the U.S. Midwest will promote planting. <o:p></o:p></span></li>
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Soymeal futures settled higher
on tight U.S. supplies and a lack of cash soybean movement, while soyoil
ended lower.<o:p></o:p></span></li>
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">At least three cargoes of
Paraguayan and Brazilian soybeans are set to be shipped to the United
States, where stocks are unusually tight, industry sources familiar with
the trades told Reuters. <o:p></o:p></span></li>
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Soy imports by top buyer China
fell 18.4 percent in April compared with a year earlier, hit by serious
port congestion in Brazil, customs data showed.<o:p></o:p></span></li>
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">USDA said private exporters
reported sales of 115,000 tonnes of U.S. soybeans to China for delivery in
2013/14.<o:p></o:p></span></li>
<li class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Global equity markets and the
euro rose as strong Chinese trade data and signs that Germany may escape a
sharp slowdown pushed shares to five-year highs worldwide. <o:p></o:p></span></li>
</ul>
<div style="text-align: justify;">
<span style="font-family: Times New Roman, serif;"><b>FCPO- </b></span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><b>SINGAPORE</b>, May 8 (Reuters) -
Malaysian palm oil futures rose to a one-week high on Wednesday, pulling away
from near five-month lows plumbed earlier in the week, as investors eyed a
potential fall in stocks in the world's second-largest producer of the edible
oil.</span></div>
<div style="text-align: justify;">
<span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Malaysia's April palm oil stocks
likely fell 6.1 percent to 2.04 million tonnes, with domestic consumption and
exports outstripping a rise in output, a Reuters survey of five plantation
companies showed. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Industry regulator the Malaysian
Palm Oil Board (MPOB) will release official data stocks and output on Friday.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"The market is a bit bullish on
the coming MPOB stocks data. On the physical side, there is some tightness in
terms of cargoes for nearby months and people have come to notice this
tightness," said a Singapore-based trader with a global commodities house.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The benchmark July contract <a href="reuters://REALTIME/Verb=FullQuote/ric=FCPOc3"><span style="color: blue;">FCPOc3</span></a>
on the Bursa Malaysia Derivatives Exchange rose 1.3 percent to close at 2,290
ringgit ($773) per tonne, slightly below the intraday high at 2,294 ringgit, a
level last seen on April 30.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Total traded volumes were thin at
23,202 lots of 25 tonnes each, compared to an average of 35,000 lots.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Technicals were bullish with
Malaysian palm oil expected to test resistance at 2,295 ringgit per tonne, a
break above which will lead to a further gain to 2,335 ringgit, said Reuters
market analyst Wang Tao. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Traders will also be looking for an
improvement in Malaysia's palm oil exports data for May 1-10 due on Friday,
after cargo surveyors reported slowing exports in April. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Shares of Wilmar International Ltd <a href="reuters://REALTIME/Verb=FullQuote/ric=WLIL.SI"><span style="color: blue;">WLIL.SI</span></a>
rose as much as 3 percent in early trade on Wednesday after the Singapore palm
oil firm posted a 23 percent rise in first-quarter net profit, largely due to a
recovery in its oilseeds and grains segment.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><b>REGIONAL EQUITIES- </b></span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><b>BANGKOK</b>, May 8 (Reuters) - Singapore
shares hit their highest close in more than five years on Wednesday as Wilmar
International Ltd </span><a href="reuters://REALTIME/Verb=FullQuote/ric=WLIL.SI" style="font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="color: blue;">WLIL.SI</span></a><span style="font-family: 'Times New Roman', serif; font-size: 12pt;"> jumped after strong quarterly results
while gains in large cap Ayala Land Inc </span><a href="reuters://REALTIME/Verb=FullQuote/ric=ALI.PS" style="font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="color: blue;">ALI.PS</span></a><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">
helped the Philippine main index recover from two days of losses.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Thai SET index <a href="reuters://REALTIME/Verb=FullQuote/ric=.SETI"><span style="color: blue;">.SETI</span></a>
rose 0.8 percent, to close at its highest in almost 19-1/2 years at 1,614.15,
while most other bourses ended up as several major Southeast Asian companies
have posted better-than-expected earnings, raising hopes from the remaining
results.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Strong Chinese trade data also
helped underpin sentiment in broader Asia, with MSCI's broadest index of
Asia-Pacific shares outside Japan <a href="reuters://REALTIME/Verb=FullQuote/ric=.MIAPJ0000PUS"><span style="color: blue;">.MIAPJ0000PUS</span></a> up 0.98 percent and MSCI's index of
Southeast Asia <a href="reuters://REALTIME/Verb=FullQuote/ric=.MISU00000GUS"><span style="color: blue;">.MISU00000GUS</span></a> 0.94 percent higher.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Shares in Singapore-listed Wilmar
jumped 2.1 percent following better-than-expected quarterly earnings, with the
benchmark Straits Times Index <a href="reuters://REALTIME/Verb=FullQuote/ric=.FTSTI"><span style="color: blue;">.FTSTI</span></a>
ending up 0.9 percent at 3,413.02, the highest since January 2008.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Philippine developer Ayala Land
gained 2.2 percent after it posted a 30 percent rise in quarterly net income. The broader Philippine index <a href="reuters://REALTIME/Verb=FullQuote/ric=.PSI"><span style="color: blue;">.PSI</span></a>
edged up 0.5 percent, after a 1 percent drop over the past two sessions.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Jakarta's Composite Index <a href="reuters://REALTIME/Verb=FullQuote/ric=.JKSE"><span style="color: blue;">.JKSE</span></a>
climbed almost 1 percent to a record high of 5,089.33.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"><div style="text-align: justify;">
<span style="font-size: 12pt; line-height: 115%;">Bucking the trend, Malaysia's main index </span><a href="reuters://REALTIME/Verb=FullQuote/ric=.KLSE" style="font-size: 12pt; line-height: 115%;"><span style="color: blue;">.KLSE</span></a><span style="font-size: 12pt; line-height: 115%;">
slipped 0.15 percent to 1,774, capping a two day rally that sent the benchmark
to a record 1,776.73 on Tuesday as Sunday's general election lifted a market
overhang.</span></div>
</span>futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-91609626932762050212013-05-08T07:44:00.003+08:002013-05-08T07:44:13.602+08:00RTRS - Global soymeal supplies to stay tight to June-Oil World<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>HAMBURG, May 7 (Reuters) - </b>Global
soymeal supplies may remain tight up to June because of the unexpectedly
sluggish new crop soybean and soymeal exports from South America, Hamburg-based
oilseeds analysts Oil World said on Tuesday.<span style="font-size: small;"><o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">“The long-awaited supply relief from
South American soymeal has been repeatedly postponed and now seems unlikely to
begin before end-May or June, keeping protein feed markets on fire both in
Europe and worldwide,” Oil World said in a report.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">“Ongoing delays in soymeal arrivals
compounded by insufficient imports in recent months have created a severe shortage,
necessitating further rationing of demand and virtually depleting stocks in
many countries.”<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Buyers of soymeal, a major animal
feed, have been awaiting big exports of new crop Argentine and Brazilian
soybeans in early 2013 to relieve a tight global market. Soybean prices hit
record highs in September 2012 as drought hit the U.S. crop.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But port and transport bottlenecks
in Brazil have cut soybean shipments despite strong global demand. Low farmer sales of new crop soybeans in Argentina
have also returned global demand to tight U.S. old crop supplies. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">This resulted in sharp price
increases, largely for soymeal for prompt delivery, Oil World said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Argentine soymeal for May delivery
in Rotterdam was quoted on Monday at $547 a tonne cif a tonne , up from $515 a tonne in early April and around
$514 a tonne in early May 2012.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">“Considering this year’s harvest
delays, reserved Argentine farmer selling and logistical bottlenecks in Brazil,
it will apparently take more time than previously thought to alleviate the
global deficit of soybean meal," Oil World said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">“Supply relief is not expected until
from end-May or June, leaving many European feed producers in the red.”<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<span lang="EN-US" style="line-height: 115%;"><div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; line-height: 115%;">German prices for animal feed wheat are
currently above bread wheat prices as feed manufacturers are being compelled to
buy wheat to provide a protein ingredient to replace soymeal unavailable from
South America. </span></div>
</span>futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-24626368375328885702013-05-08T07:43:00.003+08:002013-05-08T07:43:25.867+08:00Trader's highlight<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - </b><b>NEW YORK, May 7 (Reuters) - </b>The Dow
closed above 15,000 for the first time on Tuesday and the S&P 500 ended at
another record high, extending the market's rally as more investors rushed to
join the party and German industrial data beat expectations.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">It was the fourth straight record
close for the S&P 500. Both the Dow and the S&P 500 hit intraday record
highs as well.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"People are concerned they're
missing the boat if they're not fully invested in the stock market right
now," said Eric Kuby, chief investment officer of North Star Investment
Management Corp., in Chicago.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Investors' sentiment was buoyed
early in the day by data from Germany, Europe's largest economy, which reported
a 2.2 percent increase in industrial orders in March, compared with
expectations for a drop of 0.5 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Markets haven't really been
anticipating much of a recovery in Europe . If we see any type of slight
improvement in the euro-zone economy, it may add more fuel to the strong move
we've already seen in equities," said Sean Lynch, global investment
strategist for Wells Fargo Private Bank in Omaha, Nebraska.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average rose 87.31 points, or 0.58 percent, to close at a record 15,056.20. The
Standard & Poor's 500 Index <a href="reuters://REALTIME/Verb=FullQuote/ric=.SPX"><span style="color: blue;">.</span></a>gained 8.46 points, or 0.52 percent, to end at 1,625.96. The Nasdaq Composite
Index advanced 3.66 points, or 0.11 percent, to
close at 3,396.63.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The U.S. stock market's gains so far
have come on strong corporate results and accommodative monetary policies from
the Federal Reserve, two factors that may now be priced into markets. Last
week's jobs report was unexpectedly strong and helped to drive stocks' advance.</span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>Oils - </b><b>NEW YORK, May 7 (Reuters) -</b> Brent
crude oil fell more than $1 on Tuesday as worries about market fundamentals
curbed an early rise that had brought the price close to $106 a barrel on
strong German data and concern about tension in the Middle East.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Fears of supply disruption after the
Israeli air strikes on Syria close to Damascus boosted Brent early in the
session, and it got close to the highest level in nearly a month following its
largest three-day rally since August 2012.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Those fears subsided and Brent fell
in the absence of clear signs of strengthening global demand, traders said. In
a monthly report, the U.S. Energy Information Administration (EIA), a
government body, cut its forecasts for oil consumption in 2013 and 2014 due to
declines in Europe and Japan. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"We're getting into an area
where we've had such a strong run-up in price over the past few days, when
really from a fundamental standpoint it's hard to justify. We got up here on a lot
of froth," said Stephen Schork, editor of The Schork Report in
Pennsylvania.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent crude fell $1.06 to settle at $104.40 a barrel. During the session it reached
$105.94, its highest since April 11. Brent has rebounded over $5 a barrel since
falling below $99 last Wednesday.</span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. oil futures lost 54 cents to settle at $95.62.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The spread between Brent and U.S.
crude largely traded in a range between $9 and $10 throughout the session. It
widened out to above $10 early on, the first time it went above $10 since April
29, before settling at $8.78.</span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>CBOT Soybean</b> - Soybean futures on the Chicago Board of Trade rose 1 percent
on Tuesday, with nearby contracts leading the way, on firm cash markets and
bargain buying after Monday's sell-off, traders said.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">* Concerns about planting delays in the U.S. Midwest added </span>support, with updated midday forecasts for some rain for the region late this week.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"> </span> </span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">USDA late Monday said the U.S. soybean crop was 2 percent</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">seeded, tied with 1983 and 1993 for the second-slowest pace by</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">early May, after the 1984 record of 1 percent. The five-year</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">average is 12 percent. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Global soymeal supplies may remain tight up to June</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">because of unexpectedly sluggish new-crop soybean and soymeal</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">exports from South America, oilseeds analysts Oil World said.</span><span style="text-indent: -18pt;"> </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">However, shipping agency SA Commodites/Unimar said queues</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">of ships waiting to load soy at Brazil's biggest ports are</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">shortening and the worst of this year's unprecedented congestion</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">and loading delays now appears to be over.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Brazil's area planted with soybeans will likely expand 4.3</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">percent next season to 29.1 million hectares (71.9 million</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">acres), local grains analysts Agroconsult said on Tuesday,</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">suggesting the 2013/14 crop could surpass this season's record.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Brazil will lobby top soy buyer China to speed approval</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">for imports of three new gene-modified varieties of soybean, and</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">one of corn, a Brazilian official said. Nearly 90 percent of </span><span style="line-height: 14px;">Brazil's soybean crop is genetically modified. </span></span></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>BMD CPO - </b><b>SINGAPORE, May 7 (Reuters) -</b>
Malaysian palm oil futures ended higher on Tuesday, fuelled by bargain-hunting
from the previous day's nearly five-month low, although gains were capped by a
firm ringgit and key industry data due at the end of the week.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">A strong Malaysian ringgit ,
following the election victory of the country's ruling coalition, limited the
upside for palm oil prices, as the ringgit-priced feedstock became more
expensive for overseas buyers and refiners.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Investors also avoided taking risky
bets ahead of official data for Malaysia's April palm oil stocks and output due
on Friday, which could provide further trading cues.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"We can see signs that prices
are already bottoming. The next few days will be crucial in determining market
direction," said a dealer with a foreign commodities brokerage in Kuala
Lumpur.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The benchmark July contract on the Bursa Malaysia Derivatives Exchange closed up 0.4 percent at 2,259
ringgit ($758) per tonne, after trading in a tight range between 2,235 and
2,272 ringgit. Prices fell as low as 2,230 ringgit on Monday, a level last seen
on Dec. 13.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes were thin, at
22,230 lots of 25 tonnes each, compared to the average 35,000 lots.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Traders are pinning hopes on
stagnant production to help ease stock levels, which fell to 2.17 million
tonnes by the end of March.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Prices could gain further support if
inventory falls below the key psychological level of 2 million tonnes, although
most traders expect only a marginal drop, due to weak exports. Malaysia's palm
oil shipments in April fell as much as 5.6 percent from a month ago, cargo
surveyor data showed. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent crude oil
fell below $105 per barrel on Tuesday, after the risk premium caused by an
Israeli air strike on Syria faded. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In vegetable oil markets, the U.S.
soyoil for July delivery gained 0.4 percent in late Asian trade. The
most-active September soybean oil contract on the Dalian Commodities Exchange rose 0.6 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-49594714934425712492013-05-02T12:37:00.002+08:002013-05-02T12:37:17.558+08:00Trader's Highlight<div style="text-align: justify;">
<strong>DJI- NEW YORK</strong>, May 1 (Reuters) - U.S. stocks fell sharply on Wednesday as the latest economic data continued a trend of indicators pointing to anemic growth while bellwether companies disappointed on revenue.</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Equities briefly pared their losses after the Federal Reserve said it would continue its policies of stimulating the economy, though the decision was expected, and shares subsequently slid back to their lows of the day.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
About 70 percent of stocks traded on the New York Stock Exchange closed lower while three-fourths of Nasdaq-listed shares ended in negative territory.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The Fed said recent budget tightening in Washington could be a risk to growth, even as it noted some improvement in the labor market.</div>
<div style="text-align: justify;">
Equities have performed well of late, with the S&P 500 hitting both intraday and closing record highs on Tuesday, though a trend of discouraging data indicated that the Fed wouldn't ease up on its accommodative monetary policy of quantitative easing.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
"That the Fed won't end QE any time soon is positive for stocks in the near term, but the data we've seen is creating a lot of angst for investors," said Mike Gibbs, co-head of the equity advisory group at Raymond James in Memphis, Tennessee.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
U.S. private-sector employers added 119,000 jobs in April, well below economists' expectations, according to a report from payrolls processor ADP. A separate report from the Institute for Supply Management showed the U.S. manufacturing sector expanded only modestly in April.</div>
<div style="text-align: justify;">
Adding to concerns, growth in China's factory sector unexpectedly slowed last month as new export orders fell, raising fresh doubts about the world's second-largest economy after a disappointing first quarter.</div>
<div style="text-align: justify;">
Materials and energy stocks led declines as expectations of slower growth pushed basic materials prices lower. An index of commodities .TRJCRB fell 1.7 percent while the S&P energy index .SPNY slid 1.6 percent and the S&P materials index .SPLRCM lost 1.8 percent. Copper prices CMCU3 fell 3.6 percent, the most in a day since early April 2012.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The S&P 500 has recently ended sessions much stronger than its early lows as traders bought equities on signs of weakness.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
"We're a bit overextended, which is leading to some profit taking," said Gibbs, who helps oversee about $400 billion. "But relative to historical measure, we're not in an expensive market, and we would view declines as buying opportunities."</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The Dow Jones industrial average .DJI lost 138.85 points, or 0.94 percent, to 14,700.95 at the close. The Standard & Poor's 500 Index .SPX dropped 14.87 points, or 0.93 percent, to finish at 1,582.70. The Nasdaq Composite Index .IXIC slid 29.66 points, or 0.89 percent, to close at 3,299.13.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The S&P 500 is up 11 percent so far this year. April marked the index's sixth consecutive month of gains.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Of the 342 companies in the S&P 500 that have reported earnings so far this season, 68.7 percent have beaten expectations and 43.2 percent have reported revenue above forecasts. Over the past four quarters, 67 percent have beaten earnings forecasts and 52 percent have beaten revenue expectations.</div>
<div style="text-align: justify;">
About 6.53 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, above the daily average so far this year of about 6.36 billion shares.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>Oil- NEW YORK</strong>, May 1 (Reuters) - Oil fell more than 2 percent to settle below $100 a barrel on Wednesday as soft economic data from China stoked pessimism about the global demand outlook and as U.S. crude oil inventory rose to a record level.
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Brent crude futures LCOc1 fell $2.42 to settle at $99.95 a barrel, after dipping below $99 during the session for the first time since April 23.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Crude stocks in the United States rose by 6.7 million barrels last week to a record 395.3 million barrels, data from the Energy Information Administration showed, far exceeding forecasts of a 1 million-barrel build and pressuring U.S. oil prices. EIA/S </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
U.S. oil CLc1 settled down $2.43 at $91.03 a barrel. It hit a session low of $90.11, falling through its 50-day, 100-day, and 200-day moving averages.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
"The market reared its head after we saw oil stocks jump to a three-decade high, and gasoline demand basically dropped to a decade low," said Gene McGillian, an analyst with Tradition Energy in Stamford, Connecticut.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Trading volumes were high, with Brent 14 percent above its 30-day moving average and U.S. crude over 20 percent higher.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
During the session, the spread between Brent and U.S. crude narrowed to $8.39, the lowest since June 2012. It closed just below $9 for the second straight day.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The Brent contract slid 7 percent in April, its biggest monthly drop in 11 months, on the back of a series of indicators suggesting the global economy remains fragile.</div>
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<br /></div>
<div style="text-align: justify;">
DOUBTS ABOUT GROWTH</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Growth in China's manufacturing sector unexpectedly slowed in April as new export orders fell, raising new doubts about the strength of the economy after a disappointing first quarter.</div>
<div style="text-align: justify;">
"China’s manufacturing data was a big miss, and obviously when China speaks, we listen," said Richard Ilczyszyn, chief market strategist and founder of iitrader.com LLC in Chicago.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
In the United States, the pace of manufacturing growth slowed in April as the sector expanded only modestly, an industry report showed, adding to signs the economy cooled as the second quarter got underway.</div>
<div style="text-align: justify;">
Figures on U.S. private-sector jobs growth also came in below market expectations, two days before the government's closely watched non-farm payrolls data. (Full Story)</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
"The combination of ample supply and weak fuel demand levels with disappointing economic data wiped out $4 of market rebound in a couple of days," said McGillian.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The U.S. Federal Reserve said it will keep buying $85 billion in bonds each month to keep interest rates low and spur growth, but added it could lift or taper this pace of purchases depending on the economy's path.</div>
<div style="text-align: justify;">
The European Central Bank is widely expected to cut interest rates to a record low of 0.5 percent after data showed inflation in the euro zone had fallen to a three-year low and unemployment had hit a record of 12.1 percent.</div>
<div style="text-align: justify;">
Oil market fundamentals showed plentiful supplies, which also pressured prices.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Supply from the Organization of the Petroleum Exporting Countries is forecast to average 30.46 million barrels per day (bpd)in April, up from 30.18 million bpd in March, a Reuters survey showed. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The Buzzard oilfield in the North Sea, an important contributor to the Brent crude benchmark, was on schedule to restart later on Wednesday, trade sources said, after a steam release caused the field to be shut down on Monday. </div>
<div style="text-align: justify;">
<div style="text-align: justify;">
<div style="text-align: justify;">
<strong>CBOT SOYBEAN</strong>- Chicago Board of Trade soybean futures were lower on Wednesday on talk that soybeans may be imported to the U.S. from South America, traders said.
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
"I have not heard that beans have been imported but there has been chatter for months that it could happen, it's happened before when stocks were tight. It would make more sense to me if meal were imported, meal is what is needed," a trade source said.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Pressure also stemmed from signs of slower than expected economic growth in China, the world's largest buyer of soybeans, traders said.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Growth in China's manufacturing sector unexpectedly slowed in April as new export orders fell, raising fresh doubts about the strength of the economy after a disappointing first quarter.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Profit taking also weighed on prices as did the potential for increased U.S. soybean acreage this year due to slow seedings of corn due to wet weather.</div>
<div style="text-align: justify;">
Heavy rainfall and some snow across the western two-thirds of the U.S. Midwest will push farmers, many of whom just began planting corn this week, from the fields in the coming days.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Soybean spot basis bids ranged from sharply up to sharply lower across the U.S. Midwest on Wednesday after historically high basis levels and the highest futures in a month spurred a large increase in farmer sales during the first two days of this week, dealers said.</div>
<div style="text-align: justify;">
No soybean or soymeal deliveries on the May contract. Soyoil deliveries totaled 1,010 contracts. Term house account stopped 332, Merrill customer stopped 104, Newedge customer stopped 336.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Key chart resistance for July is at its 50-day moving average of $14.01-1/2. The nine-day relative strength index is at 47.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<div style="text-align: justify;">
<div style="text-align: justify;">
<strong>FCPO- SINGAPORE</strong>, April 30 (Reuters) - Malaysian palm oil futures edged higher on Tuesday after a near 2 percent loss the previous day, but gains were limited by falling exports and investor caution ahead of a holiday.
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Malaysian exports of palm oil products dropped 4.3 percent to 1,305,120 tonnes in April from a month ago, cargo surveyor Intertek Testing Services said on Tuesday.</div>
<div style="text-align: justify;">
Trading was subdued as investors avoided taking positions ahead of the Labour Day holiday on Wednesday, with the market shifting its focus to Malaysia's palm stocks level in April.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
"The market is stagnant ahead of the holiday tomorrow and the exports were no surprise," said a dealer with a foreign commodities brokerage in Kuala Lumpur.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
"Production numbers will be eyed. Stocks will likely be marginally lower and that could pressure prices as people are expecting a sharper drop."</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
By the market close, the benchmark July contract FCPOc3 on the Bursa Malaysia Derivatives Exchange had gained 0.6 percent to 2,286 ringgit ($752) per tonne, supported by bargain-hunting after prices fell as much as 2.4 percent the day before.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Total traded volumes were thin at 27,106 lots of 25 tonnes each compared to the average 35,000 lots a day seen so far this year.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Technicals showed palm oil is expected to revisit its April 26 high of 2,334 ringgit per tonne, said Reuters market analyst Wang Tao.</div>
<div style="text-align: justify;">
With exports slowing compared to a month ago, investors are now turning their hopes to near-stagnant production to help cut stockpiles in Malaysia. Inventory at the world's second-largest producer of the edible oil stood at 2.17 million tonnes in March, down from February's 2.43 million tonnes.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Export demand may take a further hit as Indonesia's move to slash its crude palm oil export tax to 9 percent in May from April's 10.5 percent could hurt Malaysia's price competitiveness, analysts said.</div>
<div style="text-align: justify;">
"Even though (Indonesia's tax) is still higher than the 4.5 percent imposed by the Malaysian government, the cut ... heightened concerns that palm oil stocks may remain high," Malaysia's Affin Investment Bank said in a note to clients on Tuesday.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
In other markets, Brent oil fell towards $103 per barrel on Tuesday, weighed by worries about the demand outlook, though losses were capped on hopes that the U.S. Federal Reserve and European Central Bank may do more to stimulate the global economy. </div>
<div style="text-align: justify;">
In vegetable oil markets, U.S. soyoil for July delivery BON3 edged up 0.1 percent in late Asian trading. The Dalian Commodities Exchange is closed for Labour Day and will only resume trading on Thursday.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>REGIONAL EQUITY- JAKARTA</strong>, May 1 (Reuters) - Southeast Asian stock markets were closed on Wednesday due to the May Day holiday, except the Indonesian market .JKSE, which closed 0.53 percent higher after real estate companies reported higher-than-expected first-quarter results.</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The Jakarta Composite Index .JKSE continued its rally for a second day and hit a fresh high of 5,062.67 before closing at 5,060.92, boosted by property companies .JKPROP which were up 2.97 percent.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Shares of Kawasan Industri Jababeka KIJA.JK soared as much as 13.3 percent to an all-time high of 340 rupiah after the company's quarterly net profit quadrupled from a year earlier.</div>
<div style="text-align: justify;">
Lippo Cikarang LPCK.JK and Agung Podomoro Land APLN.JK rose more than 5 percent to 7,350 rupiah and 500 rupiah, respectively.</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-64092909040368772812013-04-30T09:32:00.001+08:002013-04-30T09:32:42.172+08:00Trader's highlight<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - </b><b>NEW YORK, April 29 (Reuters) - </b>The
S&P 500 index ended at an all-time high on Monday as growth-oriented
stocks, including energy and technology, lead the way to the index's sixth rise
in the past seven sessions.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Stronger-than-expected housing data
also boosted the market, as did Italy's formation of a new government, ending
months of uncertainty and raising hopes for new policies to promote growth in
the euro zone's third-largest economy.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Pressure has grown on the European
Central Bank to lower interest rates with the euro zone mired in recession.
Money market traders are evenly split on whether the ECB will cut rates at its
meeting on Thursday, according to a Reuters poll.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Wall Street followed European stocks
higher as Italian Prime Minister Enrico Letta urged a focus on growth policies
and away from austerity measures in his inaugural speech.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"After the election there was a
lot of uncertainty about whether Italy could form a government, so now there is
not only a great deal of relief over that, but also expectations for additional
monetary policies from the ECB," said Alec Young, global equity strategist
at S&P Equity Research in New York.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average was up 106.20 points, or 0.72 percent, at 14,818.75. The Standard & Poor's
500 Index was up 11.37 points, or 0.72 percent, at
1,593.61. The Nasdaq Composite Index was up 27.76 points, or 0.85 percent, at 3,307.02.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The U.S. Federal Reserve will also
meet this week for a two-day session beginning on Tuesday. The Fed is expected
to maintain its stimulus policy. Data on Monday showing muted inflation gave
the Fed room for accommodative measures.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>Oils - </b><b>NEW YORK, April 29 (Reuters) -</b> Oil
prices rose on Monday amid hope of further stimulus on both sides of the
Atlantic, with U.S. crude leading gains amid signs of improving demand and
growing exports.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Equities rallied and the dollar
faltered, further fuelling oil gains as traders looked ahead to key central
bank meetings. The Federal Reserve is expected to maintain its quantitative
easing program when it meets this week, and the European Central Bank (ECB) is
seen cutting interest rates on Thursday.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"We'll see if the measures are
enough to stimulate economic growth," said Gene McGillian, an analyst with
Tradition Energy in Stamford, Connecticut. "If not, the market's headed
back down again."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">New York Mercantile Exchange June
crude futures ended the day $1.50 per barrel higher at
$94.50, aided by a break above the 40-day moving average on a continuation
chart.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent crude oil futures,
the international benchmark, settled 65 cents higher at $103.81 per barrel,
after hitting a low of $102.57.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>CBOT Soybean -</b> </span>Chicago Board of Trade soybean futures closed higher on Monday on tight stocks of soy, slow farmer selling, strong
cash markets and on spillover buying from soaring corn, traders
said.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Support
also stemmed from the outside markets including</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">higher
stock markets, a weak dollar, gains in crude oil and</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">higher gold.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Expectations
for no soybean or soymeal to be delivered on</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">the May
contract on Tuesday and lighter-than-usual amounts of</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">soyoil
also lent support. Tuesday is first notice day for</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">deliveries
on the May 2013 futures contracts. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Spot basis
bids for soybeans were mostly steady to higher</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">in the
Midwest on Monday, bolstered by seasonally light</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">offerings
from farmers and commercial elevators, grain buyers</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">said. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Soy bids
continued to rise sharply at processors and</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">elevators,
with bids jumping 10 cents to the highest level since</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">September
2009, at a crushing plant in Cedar Rapids, Iowa, as</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">supplies of
the oilseed dwindled due to strong soymeal demand.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Spot truck
and rail cash basis offers for soymeal kept</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">climbing
on Monday due to tight stocks of soybeans, a lack of</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">farmer
selling and near relentless demand for meal, dealers</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">said. </span><span lang="EN-US"> <o:p></o:p></span></span></div>
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<span lang="EN-US" style="text-indent: -18pt;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Drier and
warmer weather early this week will allow U.S.</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">farmers to
plant corn, which has been delayed by wet weather,</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">but
another round of showers is expected beginning near midweek,</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">an agricultural
meteorologist said on Monday. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Expected
hot and dry weather in May will increase risks to</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">the grain
crop in Russia, which needs a good harvest after last</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">year's drought,
data from the state weather forecaster showed on</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Monday. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">A sharp
increase in air temperatures combined with a lack</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">of rain
could damage Ukraine's spring and winter grain crops</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">sown for
the 2013 harvest, a senior weather forecaster said on</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Monday. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Malaysian
palm oil futures lost ground on Monday after</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">four
straight sessions of gains, although traders remained</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">cautious
ahead of export data that could provide further trading </span><span style="line-height: 115%;">cues. </span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>BMD CPO - </b></span><b>SINGAPORE, April 29 (Reuters) -</b>
Malaysian palm oil futures lost ground on Monday after four straight sessions
of gains, although traders remained cautious ahead of export data that could
provide further trading cues.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The edible oil posted its first
weekly gain out of five last week, supported by rising Malaysian exports for
the first 25 days of the month thanks to stronger demand from India, Europe and
the United States.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The gains prompted some profit-taking
as the market lacked fresh stimulus, with the Chinese soybean oil market closed
for holiday and ahead of Malaysia's palm export data for the full month due on
Tuesday.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The market is a bit quiet
today as the Dalian markets were closed. There's also exports data due on
Tuesday so traders are waiting for further direction on stocks," said a
trader with a foreign commodities brokerage in Kuala Lumpur.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The benchmark July contract on the Bursa Malaysia Derivatives Exchange fell 1.7 percent to close at 2,277
ringgit ($751) per tonne. Prices touched 2,334 ringgit on Friday, the highest
since April 12.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes were thin at
26,636 lots of 25 tonnes each, compared to the average 35,000 lots.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Investors are pinning their hopes on
healthy exports and lacklustre production to help cut stockpiles in Malaysia,
which eased from February's 2.43 million tonnes to 2.17 million tonnes last
month.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Lower palm oil inventory level could
provide support for palm oil prices, which have lost 6.6 percent so far this
year. Leading analyst Dorab Mistry forecast in March that prices could rise to
2,400 to 2,700 ringgit by the end of May, as weaker production speeds a fall in
stockpiles. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent crude oil
slipped to $103 per barrel on Monday as an uncertain outlook for growth in the
world's two largest oil consumers, the United States and China, encouraged
commodities markets to consolidate. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In vegetable oil markets, U.S.
soyoil for July delivery fell 0.6 percent in late Asian trading. The
Dalian Commodities Exchange is closed for Labour Day and will only resume
trading on Thursday.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-15533088884743721142013-04-29T08:39:00.004+08:002013-04-29T08:39:54.582+08:00RTRS - China buys rapeseed oil from Europe for 1st time in 2 yrs -CNGOIC<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>BEIJING, April 26 (Reuters) - </b><span style="font-size: small;">China,
a major consumer of vegetable oils, recently bought a small volume of rapeseed
oil from Europe for the first time in two years as it was cheaper than domestic
prices, the China National Grain and Oils Information Centre (CNGOIC) said.<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Chinese buyers have stepped up
rapeseed oil imports this year to cash in on the favourable price difference
with domestic prices soaring on the back of a government stockpiling policy
designed to boost farmer incomes.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">China bought 50,000 tonnes of the
edible oil at a price of about $1,220 to $1,240 per tonne, including cost,
insurance and freight, for delivery in July and August, the CNGOIC said in a report
posted on its website. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The centre did not identify the
country, but added that the deal with Europe was the first since 2010, when
China imported a total of 20,000 tonnes from Ukraine and Russia.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">China's rapeseed oil imports in the
first quarter this year jumped 69 percent on the year to 387,234 tonnes, the
majority of which came from Canada, official customs data showed. <a href="reuters://REALTIME/Verb=Headlines/ric=SOY/CN"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The most-active domestic rapeseed
oil futures reached an almost two-month top of 9,930
yuan ($1,600) per tonne on Friday as the market expected Beijing to raise its
purchase price for the new crop due in June, traders said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The government has also suspended
weekly sales of stockpiled rapeseed oil that began in early March, with prices
still too high.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-66140018435465200242013-04-29T08:39:00.001+08:002013-04-29T08:39:09.947+08:00Trader's highlight<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>NEW YORK, April 26 (Reuters) - </b><span style="font-size: small;">U.S.
stocks dipped in thin volume on Friday, though the market had a strong week
overall despite a mixed bag of earnings and weak economic figures.<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The market fell early after a
negative surprise from the gross domestic product report, but the decline attracted
bargain-hunting investors late in the session. Major indexes posted solid gains
for the week.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"We traded off a decent amount
after the GDP number but we didn't break any technical levels or really didn't
get much momentum in the selloff past late morning," said Paul Zemsky,
head of asset allocation at ING Investment Management in New York.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"I guess there was some bottom
fishing. There was so much fear of poor earnings going into earnings season
that this is still somewhat of a positive surprise."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average rose 11.75 points or 0.08 percent, to 14,712.55, the S&P 500 lost 2.92 points or 0.18 percent, to 1,582.24 and the Nasdaq Composite dropped 10.72 points or 0.33 percent, to 3,279.26.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">For the week, the Dow gained 1.1
percent, the S&P added 1.7 percent and the Nasdaq rose 2.3 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Of the 271 companies in the S&P
500 that have reported earnings to date for the first quarter, 69 percent have
beaten analyst expectations - above the 63 percent average since 1994 and
slightly over the 67 percent beat rate over the past four quarters.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Gross domestic product expanded at a
2.5 percent rate in the first quarter, below estimates of 3 percent,
heightening fears the U.S. economy could struggle to cope with deep government
spending cuts and higher taxes that kicked in earlier this year. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>Oils - </b><b>NEW YORK, April 26 (Reuters) -</b> Brent
crude oil fell on Friday, following a two-day, $3 rally, as weak economic data
from the United States sounded a note of caution on growth prospects in the
world's largest oil consumer.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Oil and other commodities such as
metals slid in a midday selloff that traders said may have been prompted by
fund liquidations as European markets closed for the weekend. Later, Brent pared losses in the afternoon.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The markets tend to overreact.
The oil market got knocked off its knees and grabbed some legs," said Dan
Flynn, an analyst and trader at Price Futures Group in Chicago, Illinois.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Even after Brent's biggest one-week
gain since November 2012, it remains more than 6 percent below where it started
April. A string of disappointing reports in recent weeks from the United
States, China and Germany have stoked fears of global economic slowdown.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Traders said low trading volumes
indicated a lack of conviction in this week's rally. Volumes for U.S. crude
were 22 percent lower than the 30-day moving average and 11 percent lower for
Brent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">On Friday, the Commerce Department
reported U.S. gross domestic product expanded at a 2.5 percent annual rate in
the first quarter, slower than the 3.0 percent rate expected. The data fed
worries about a deceleration in the second quarter and U.S. equity markets fell
for most of the session.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent slipped 25 cents a barrel to settle at $103.16 a barrel after touching a low of
$102.25. U.S. crude settled down 64 cents at $93.00 after going
to $92.06 at midday.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>CBOT Soybean </b>- </span>Soybean futures on the Chicago Board of Trade rose on Friday for a second straight session and set a one-week high,
supported by strong cash markets and tights supplies of old-crop U.S. soybeans and soymeal, traders said.</span></div>
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<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Front-month May soybeans broke through and settled</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">above its 50- and 100-day moving averages. Most-active July</span><span style="text-indent: -18pt;"> settled at $13.81, its highest close since April 19.</span></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">July soyoil hit resistance above its 50-day moving</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">average near 50.17 cents per lb, paring gains to settle at 49.66</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">cents, up 0.06 cent.</span></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">First notice day for deliveries against May contracts is</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Tuesday, April 30. As of late Thursday, CBOT reported no</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">registrations of soybeans or soymeal.</span></span></div>
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<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">CBOT soyoil registrations fell by 303 contracts late</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Thursday after falling by 507 contracts a day earlier. As of</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Thursday, soyoil registrations stood at 11,356 contracts. Cash</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">markets for soyoil have firmed due to a slowing U.S. soy crush</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">and to demand for soy-based biodiesel fuel.</span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">China recently bought a small volume of rapeseed oil from</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Europe for the first time in two years as it was cheaper than</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">domestic prices, the China National Grain and Oils Information</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Centre said. </span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Dalian September soymeal rose 1.5 percent, its</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">biggest daily rise in two months.</span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">For the week, most-active CBOT July soybeans fell</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">1-1/2 cents, or 0.1 percent. July soymeal rose 0.5</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">percent, its third straight weekly rise, and July soyoil </span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">rose 0.7 percent.</span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>BMD CPO - </b><b>KUALA LUMPUR, April 26 (Reuters) -
</b>Malaysian palm oil futures climbed to a two-week high on Friday, posting its
first weekly gain out of five, as encouraging export data buoyed investor hopes
for resilient global demand.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Cargo surveyor data showed palm oil
shipments in the first 25 days of April rose between 2.7 percent and 5.2
percent, fuelled by stronger demand from India, Europe and the United States. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Traders also noted a sudden spike in
buying from India, the world's biggest edible oil consumer, as Indian traders
took advantage of low physical prices to buy.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The market today is very
strong. Exports are friendly to the market -- it shows that demand is still
there," said a trader with a foreign commodities brokerage in Kuala
Lumpur.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"There is prompt demand coming
in from India. For the past few months India has kept a low profile, but now
they are coming back into the market because prices are quite cheap, compared
to two months ago when it was at 2,400 to 2,500 ringgit," he added.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The benchmark July contract on the Bursa Malaysia Derivatives Exchange edged up 0.3 percent to close at
2,315 ringgit ($763) per tonne. Prices touched 2,334 ringgit earlier, the
highest since April 12 and posted a 0.8 percent weekly gain after four straight
weeks of losses.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes stood at 23,311
lots of 25 tonnes each, lower than the average 35,000 lots.<o:p></o:p></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Investors hope that healthy exports
and near-stagnant production will help cut stockpiles in Malaysia, the world's
No.2 palm producer, and stem the loss in prices of about 5 percent so far this
year.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Palm oil stocks stand at 2.17
million tonnes, after easing more than 10 percent from February.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent crude slid
below $103 a barrel on Friday after rising $3 in the past two sessions, with
investors cautious over the tepid outlook for growth in the world's two largest
oil consumers, the United States and China. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. soyoil for July delivery dipped 0.4 percent. The most-active September soybean oil contract on the Dalian Commodities Exchange fell 0.6 percent.<o:p></o:p></span></span></div>
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futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-8138865984138023212013-04-25T10:44:00.002+08:002013-04-25T10:44:47.874+08:00Trader's highlight<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - </b><b>NEW YORK, April 24 (Reuters) -</b> The
S&P 500 and Nasdaq ended flat on Wednesday with Boeing's five-year high
among the day's highlights, but weakness in Procter & Gamble and AT&T
kept the Dow in negative territory.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Materials and energy stocks led the
S&P 500's gains as copper and oil prices bounced back from recent declines.
Commodity gains were capped by worries about the outlook for global economic
growth.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">A sharp drop in U.S. durable goods
orders last month added to that concern, putting a lid on equity gains.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The flow of news doesn't fully
justify the optimism that investors want to bring to the market," said
Bruce McCain, chief investment strategist at Key Private Bank in Cleveland,
Ohio.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"In this environment, it is
hard to justify paying this kind of premium for stocks, and it is hard to see
the catalyst for strong growth."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average fell 43.16 points or 0.29 percent, to end at 14,676.30. But the S&P 500 eked out a gain of a mere 0.01 of a point or 0 percent to finish at 1,578.79.
And the Nasdaq Composite added just 0.32 of a point or 0.01 percent
to close at 3,269.65.<o:p></o:p></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>Oils - </b><b>NEW YORK, April 24 (Reuters) -</b> Oil
prices rose on Wednesday, led by gains of 2.5 percent in U.S. crude on a
surprisingly big drop in weekly gasoline stockpiles and speculation that the
glut of crude at the Cushing, Oklahoma hub could soon ease.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Weekly data from the U.S. Energy
Information Administration showed that inventories at Cushing rose by only
35,000 barrels last week, below what some market players had expected. Still,
overall crude stockpiles in the Midwest climbed to a record.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Additional support came from a steep
3.9-million-barrel drop in gasoline inventories last week as refinery output
unexpectedly dipped.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The report is supportive to
prices due to the large decline in gasoline inventories," said John
Kilduff, partner at Again Capital LLC in New York.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">U.S. crude gained $2.25 to settle at $91.43 a barrel. Brent settled $1.42 higher at $101.73 a barrel.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Some traders linked the bigger rally
in the U.S. market to a report from industry group Genscape late on Tuesday
that showed BP increasing oil flow from Cushing into its Whiting, Indiana
refinery, a sign that new units at the plant would restart soon.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Oil traders have been closely
watching for the restart of the refinery, which is being upgraded to take more
heavy crude from Canada and will drain supplies that have been weighing on U.S.
futures.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent's premium to U.S. crude
futures narrowed at one point on Wednesday to $10.24, the lowest since June,
and has largely traded between $10 and $12 for the past three weeks.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"This is called equilibrium,"
said Tim Evans, energy futures specialist at Citi Futures Perspective.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent prices have tumbled nearly 8
percent and U.S. crude more than 6 percent since the beginning of April,
reaching low prices attractive to buyers.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US"><b>CBOT Soybean </b>- </span>Chicago Board of Trade soybean futures closed lower on Wednesday on long-liquidation ahead of expected movement
soon of soy from South America's big harvest, traders said. </span></div>
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<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">The lower prices came despite tight U.S. soy stocks, slow</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">farmer selling and strong cash markets.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Soybean spot cash basis bids soared as much as 27 cents</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">per bushel around the U.S. Midwest, with bids rising to the</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">highest levels ever for this time of year at most processors and</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">elevators, dealers said. </span></span></div>
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<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Crop forecaster Lanworth said it had raised its outlook </span><span style="text-indent: -18pt;">for 2013/14 U.S. corn and soybean production due to recent rains</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">that boosted yield expectations. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Rain and cold temperatures continued to slow U.S. corn</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">seeding at mid-week, but there are prospects for improved</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">planting weather by early next week, said Andy Karst,</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">meteorologist for World Weather Inc.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Temperatures are expected to reach the lower 70s F by</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">early next week, he said. "It will turn drier and warmer,</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">definitely some improvement early in the week, but there is</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">another cold front that may come into the Midwest by mid-week."</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Estimates ahead of the release at 7:30 a.m. CDT (1230 GMT)</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">on Thursday of USDA's weekly export sales report totaled 250,000</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">to 350,000 tonnes of old-crop (2012/13) U.S. soybeans and</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">450,000 to 600,000 tonnes of new-crop (2013/14).</span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span lang="EN-US" style="text-indent: -18pt;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Canadian wheat plantings may rise more than expected over</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">last year, while farmers intend to sow less canola than the</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">trade was anticipating, according to Statistics Canada's first</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">report of 2013 on planting intentions. </span></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Malaysian palm oil futures rose on Wednesday as buying</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">interest surged after earlier losses. Sentiment was also</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">underpinned by hopes that near-stagnant output from the world's</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">No. 2 producer would help ease inventories. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">May is below all key moving averages, with key resistance</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">seen at its 100-day moving average of $14.27 per bushel. The</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">nine-day relative strength index is at 45.</span></span></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>BMD CPO - </b><b>KUALA LUMPUR, April 24 (Reuters) -</b>
Malaysian palm oil futures rose on Wednesday as buying interest surged after
earlier losses, while hopes that near-stagnant output from the world's No.2
producer would help ease inventories also underpinned sentiment.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But bleak economic data that stoked
concerns about a slowdown in global demand for commodities kept a lid on gains.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"There hasn't been any new
developments in the market so it is drifting sideways these days. Overall there
is pressure from the macro side -- energy markets are under pressure, and you
have China and German data not looking too good," said a trader with
foreign a commodities brokerage in Malaysia.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Growth in Chinese factories slowed
to a crawl as export demand dwindled, according to HSBC's flash PMI readings,
while Germany, the euro zone's largest economy, saw business activity slip for
the first time in five months. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Things are friendly for palm
itself," the trader added. "April's exports will likely be around 1.5
million tonnes. We are looking at a 2-3 percent rise in production, which would
probably drop April's end-stocks to a 1.9 million tonne level."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Stocks stood at 2.17 million tonnes
in March.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The benchmark July contract on the Bursa Malaysia Derivatives Exchange edged up 0.8 percent to close at
2,290 ringgit ($751) per tonne.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">It traded between 2,260 and 2,304
ringgit. Total traded volumes stood at 24,635 lots of 25 tonnes each, lower
than the average 35,000 lots.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Poor economic data from China,
palm's second largest buyer, may cap gains in crude palm oil prices, analysts
said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"With the latest HSBC
Purchasing Manager's Index for March ... worse than the median expectation,
concerns have been growing with regards to the sustainability of Chinese
growth," Phillip Futures said in a note on Wednesday.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Cargo surveyor data for the first 20
days of April showed that China has imported less palm products from Malaysia
compared with the same period last month. Export data for April 1-25 will be
released on Thursday. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But near-stagnant production should
help offset lower export demand and ease inventory level to below the 2 million
tonne mark.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent crude rose
above $101 a barrel, drawing support from strong equity markets, but gains were
capped by the gloomy economic data. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other vegetable oil markets, U.S.
soyoil for July delivery gained 0.3 percent in late Asian trade. The
most-active September soybean oil contract on the Dalian Commodities Exchange slipped 1.3 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-21888961460057567382013-04-24T07:44:00.005+08:002013-04-24T07:44:56.264+08:00RTRS - Soymeal supplies to remain tight up to May -Oil World<br />
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>HAMBURG, April 23 (Reuters) - </b>Global
soymeal supplies are likely to remain tight into May and possibly even June
because of a slow start to exports of South America’s new soybean crop this
year, Hamburg-based oilseeds analysts Oil World said on Tuesday.<span style="font-size: small;"><o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Consumers of soymeal, a major animal
feed, have been awaiting large exports of new crop Argentine and Brazilian
soybeans in early 2013 to relieve a tight global market. Prices hit record
highs in September 2012 as drought hit the U.S. crop.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">“Arrivals of soybeans and products
in the importing countries will remain insufficient in April and partly also in
May as a result of the continuing severe reduction of exports in March,” Oil
World said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">“This affects primarily consumers of
soymeal, reflected in the unusual strength of soymeal prices for prompt
delivery,” the firm added.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">New crop exports from Brazil have
been limited by congestion in Brazilian ports, while Argentine farmers have
been reluctant sellers in the face of uncertain government policy. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Nearby prices for soymeal were
strong in the European market on Monday on worries that congestion in Brazilian
ports could lead to a supply squeeze. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The European Union is the main area
suffering from reduced South American soymeal exports, Oil World said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">“On the European market, the small
arrivals in recent months and the still-delayed shipments from South America
have created a severe shortage in the nearby (delivery positions),” it said.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">“A notable improvement of soymeal
supplies in Rotterdam and other European trading spots may not occur before
June.”</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-34700988441017757322013-04-24T07:44:00.002+08:002013-04-24T07:44:17.287+08:00RTRS - China HSBC Flash PMI eases, points to tepid Q2 recovery<br />
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b>BEIJING, April 23 (Reuters) - </b>Growth in China's vast
factory sector dipped in April as new export orders shrank, a preliminary
survey of factory managers showed on Tuesday, suggesting the world's
second-largest still faces formidable global headwinds into the second quarter.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The flash HSBC Purchasing Managers' Index for April fell to
50.5 in April from 51.6 in March but was still stronger than February's reading
of 50.4.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">A sub-index measuring new export orders fell to 48.6 in
April from 50.5 in March, reflecting weaker global demand as the U.S. economic
recovery remains fragile and the euro zone is mired in recession.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The latest PMI data may overshadow China's recovery in the
second quarter after growth unexpectedly slowed to 7.7 percent in the first
quarter from 7.9 percent in the previous three months.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Still, the HSBC PMI has been above the 50-point level
demarcating growth from contraction from the previous month since November
2012, though its failure to break above 53 indicates that the economic
expansion it signals is only moderate.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"New export orders contracted after a temporary
rebound in March, suggesting external demand for China's exporters remains
weak," said HSBC's China chief economist Qu Hongbin.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Beijing is expected to respond strongly to sustain
the economic recovery by increasing efforts to boost domestic investment and
consumption in the coming months.”<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The International Monetary Fund on Tuesday cut its 2013
forecast for global growth to 3.3 percent, down from its January projection of
3.5 percent. <o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Sub-indexes measuring both input and output prices fell in
April, indicating overcapacity upstream and soft demand, according to the Flash
PMI survey.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">An employment sub-index also dipped as factory activity
cooled, although China's job market is holding up relatively well despite
slower growth.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b><u>TEPID RECOVERY</u></b><o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The latest Reuters poll showed China's economic growth
could pick up in the second quarter as the government boosts infrastructure
spending.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Analysts in the poll expected full-year economic growth to
pick up slightly to 8.0 percent in 2013 from 7.8 percent last year, its weakest
rate since 1999.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The government is expected to step up infrastructure
investment to cushion the economy against global headwinds, but a big stimulus
package looks unlikely as Beijing plans to deepen reforms to put growth on a
more sustainable long-term footing.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">On Tuesday the China Daily newspaper quoted a researcher
from the Ministry of Finance as saying that stimulus on the scale of that in
2008 was not necessary, as the economy is on an overall stable trend.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">China has set a 7.5 percent GDP growth target for 2013, a
level Beijing deems sufficient for job creation while providing room to deliver
structural adjustment.<o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Q1 slowdown, which came despite a credit boom,
suggesting the cash sloshing around the economy is not having the desired
effect of stoking growth and could instead exacerbate property and inflationary
risks. <o:p></o:p></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The final HSBC manufacturing PMI is scheduled to be
published on May 2, a day after the official PMI.</span><o:p></o:p></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-45582618479102697352013-04-24T07:43:00.001+08:002013-04-24T07:43:20.302+08:00Trader's highlight<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - NEW YORK, April 23 (Reuters) - </b>U.S.
stocks climbed on Tuesday in a broad rally, recovering from sharp declines
sparked by a "bogus" Associated Press tweet about explosions at the
White House.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">A false tweet by hackers of two
explosions at the White House that injured U.S. President Barack Obama provoked
a steep drop in stocks, before they quickly recovered minutes later.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Thomson Reuters data showed the
benchmark S&P 500 index fell 14.6 points, or 0.93 percent, in the space of
3 minutes when the tweet hit the market. With the S&P 500 valued at about
$14.6 trillion at the time of the false tweet, the plunge briefly wiped out
$136.5 billion of the index's value.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"If that was true that had
happened, that’s a justified selloff, but because people suffer from
information overload, people tend to overreact and don’t wait to substantiate
things - that is the downside to a 24-7 news cycle," said Jason Weisberg,
managing director of Seaport Securities Corp in New York.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"You want instantaneous
pricing, you want all the advantages of the technology, well then, you have to
live by the negatives that the speed and expediency provide."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The move was a reminder of the May
6, 2010, tumble in markets now known as the "flash crash," when the
Dow industrials dropped more than 600 points, eventually piling up a loss of
about 1,000 points, in a few minutes before recovering.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average rose 152.29 points, or 1.05 percent, to close at 14,719.46. The Standard &
Poor's 500 Index gained 16.28 points, or 1.04 percent, to
finish at 1,578.78. The Nasdaq Composite Index advanced 35.78 points, or 1.11 percent, to end at 3,269.33.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Netflix Inc shares jumped 24.4
percent to $216.99 while Coach shot up 9.8 percent to $55.55. They were the
S&P 500's two biggest percentage gainers.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"We are encouraged to see the
market focusing on fundamentals, because we had been in a period where the
macro trade was pretty much driving things - whatever the global macro event was
or political event was seemed to be affecting the movement of the markets for a
period of time," said Paul Mangus, head of equity research and strategy at
Wells Fargo Private Bank in Charlotte, North Carolina.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>Oils - NEW YORK, April 23 (Reuters) -</b> Brent
crude oil edged lower on Tuesday in reaction to weak manufacturing data in
China and Europe, but it closed above $100 a barrel for a second straight day
as it drew some support from strong gains in U.S. equity markets.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The flash HSBC Purchasing Managers'
Index fell to 50.5 in April from 51.6 a month earlier as new export orders
shrank in China. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The PMI's 50-point level divides
growth from contraction from the month before. The data followed
lower-than-expected GDP growth for China in the first quarter, which helped
spark a sharp sell-off last week.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">There was also a surprise decline in
business activity among German companies, although the overall euro zone
services PMI rose slightly and met economists' forecasts. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"People are worried about a
slowdown in China and Europe, but I think with the stock market going higher
today, Brent is going to rebound a bit," said Mark Waggoner, president at
Excel Futures in Portland, Oregon.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">June Brent crude settled down 8 cents at $100.31 a barrel after falling by more than $1.50 in
earlier trading. U.S. crude for June delivery</span>settled down 1 cent at $89.18 a barrel after falling more than $1 earlier.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>CBOT Soybean - </b>Soybean futures on the Chicago Board of Trade ended mixed, with front-month May lifted by firm cash markets due to
scarce supplies of old-crop U.S. soybeans and soymeal, traders
said.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal">
</div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Back months pressured by forecasts for improved warmer and</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">drier crop weather beginning next week in the U.S. crop belt.</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Recent heavy rainfall has brought most areas out of drought</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">status, boosting crop production prospects. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">May soybean contract broke through resistance at its</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">50- and 100-day moving averages but pared gains late in the</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">session on spillover pressure from corn and wheat. New-crop</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">November soybeans set a 10-month low.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Global soymeal supplies are likely to remain tight into</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">May and possibly even June because of a slow start to exports of</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">South America’s new soybean crop this year, oilseeds analysts </span><span style="text-indent: -18pt;">Oil World said. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">Argentina is likely to export more soyoil in coming months</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">because of weak international demand for its soyoil-based</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">biodiesel - Oil World. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">USDA said private exporters reported sales of 392,000</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">tonnes of U.S. soybeans to China for delivery in 2013/14.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">· </span><span lang="EN-US">An elderly man in eastern China died of bird flu on</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Tuesday, bringing the death toll from a strain that recently</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">emerged in humans to 22. China has culled thousands of birds and </span><span style="line-height: 14px;">shut down some live poultry markets. </span></span></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>BMD CPO - SINGAPORE, April 23 (Reuters) -
</b>Malaysian palm oil futures inched up on Tuesday as a drop in prices to 4-month
lows in the previous session attracted some buyers, although gains were limited
by slowing export demand.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">A preliminary reading on Tuesday
showed manufacturing growth in China slowed in April, further weighing on
riskier assets such as shares and some commodities after disappointing economic
data last week triggered a sharp market sell-off. <a href="reuters://REALTIME/Verb=Headlines/ric=MKTS/GLOB"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">But traders said palm oil prices
drew some support from bargain hunting after tumbling to a 4-month low the
previous day on sluggish exports and bearish external factors.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"We see some bargain hunting
today, but overall sentiment is still volatile especially on the macroeconomic
front. Support remains at 2,250 ringgit," said a trader with a foreign
commodities brokerage in Kuala Lumpur.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The benchmark July contract on the Bursa Malaysia Derivatives Exchange gained 0.8 percent to close at 2,272
ringgit ($743) per tonne. Prices fell to 2,250 ringgit on Monday, a level not
seen since Dec. 14.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes stood at 35,888
lots of 25 tonnes each, slightly more than the average 35,000 lots seen so far
this year.</span></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><b><u>SLUGGISH PALM EXPORTS</u></b><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Malaysian palm oil exports for April
1-20 fell 6.4 percent to 864,206 tonnes from 922,987 tonnes shipped during
March 1-20, cargo surveyor Societe Generale de Surveillance said. <a href="reuters://REALTIME/Verb=Headlines/ric=PALM/SGS"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Sluggish exports could prevent
end-stocks from easing below the psychological 2-million-tonne mark, putting
more pressure on palm oil prices. Inventory level fell to 2.17 million tonnes
in March, down 11 percent from February's 2.44 million tonnes.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent crude fell
below $99 a barrel after weaker-than-expected manufacturing data from China and
Germany darkened the outlook for fuel demand. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The flash HSBC Purchasing Managers'
Index fell to 50.5 in April from 51.6 the month before as new export orders
shrank in China. The PMI's 50-point level demarcates growth from contraction
from the month before. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other vegetable oil markets, U.S.
soyoil for July delivery edged down 0.6 percent in late Asian trade.
The most-active September soybean oil contract on the Dalian Commodities Exchange fell 1 percent.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<span style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-indent: -18pt;">
</div>
<div class="MsoNormal" style="text-align: justify; text-indent: 0px;">
<br /></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-37671046030574507842013-04-23T08:14:00.001+08:002013-04-23T08:14:53.128+08:00Trader's highlightDJI - <span style="font-family: 'Times New Roman', serif; font-size: 12pt;">NEW YORK, April 22 (Reuters) - U.S.
stocks climbed on Monday as last week's sharp losses brought buyers back to the
market and Microsoft Corp </span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;"> shares jumped after an activist investor
took a stake in the company.</span><br />
<br />
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The market's bounce followed the
S&P 500's worst weekly loss since November and suggested to some market
watchers that a much debated market correction has yet to arrive.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"It still seems like the bulls
are buying the dips. Unless there is a fair amount of bad news, I think the
market hangs in at these levels," said Uri Landesman, president of
Platinum Partners in New York, who added he still expects the market to be
"signficiantly lower" in six months.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Dow Jones industrial average rose 19.66 points, or 0.14 percent, to 14,567.17 at the close. The Standard
& Poor's 500 Index gained 7.25 points, or 0.47 percent, to
1,562.50. The Nasdaq Composite Index advanced 27.50 points, or 0.86 percent, to close at 3,233.55.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Last week's market decline came amid
signs of slowing growth from China, which also led to a steep drop in commodity
prices.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"A decent tech tape is lifting
all boats today. I think they're flocking towards the ones you've already seen
good numbers from. You're not going to get blindsided by something coming out,
if you've already got the news," said Michael James, managing director of
equity trading at Wedbush Securities in Los Angeles.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">S&P 500 earnings growth is
forecast at 2.2 percent for the first quarter, based on results from 21 percent
of the companies and estimates for the rest, Thomson Reuters data showed. That
is up from an April 1 forecast of 1.5 percent growth.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Times New Roman, serif;">Oils - </span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">NEW YORK, April 22 (Reuters) - Brent
crude futures rose for a third straight session to top $100 a barrel on Monday,
lifted by gains in the U.S. stock market.</span></div>
<div class="MsoNormal">
<span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Trading was choppy, with oil prices
closely tracking the U.S. equity market, which moved into positive territory in
the afternoon on the back of a one percent gain in Microsoft shares. Earlier, pressure had come from disappointing
corporate earnings and lower-than-expected existing home sales. </span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Brent June crude futures rose 74 cents to close at $100.39 a barrel, down from a high of $101.04. The
May U.S. contract, which expired Monday, was up 75 cents to
$88.76 after reaching a high of $89.13.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The three days of gains in oil came
after a sharp sell off earlier in the month. Brent has lost nearly 9 percent
since the start of April on concerns about demand as growth slowed in the
United States and China, the world's two largest oil consumers, while recession
in Europe deepened.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">A negative reading in the Federal
Reserve Bank of Chicago's national activity index released on Monday reinforced
concerns about U.S. economic growth. That number had been expected to come in
positive. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Times New Roman, serif;">CBOT Soybean - </span>April 22 (Reuters) - Soybean futures on the Chicago Board
of Trade fell nearly 1 percent on Monday, weighed down by forecasts for U.S.
planting weather to improve next week, turning warmer and drier, traders said.</div>
<ul type="disc">
<li class="MsoNormal"><span lang="EN-US">New-crop November soybeans fell to a
10-month low at $11.94-1/2 before paring losses.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal"><span lang="EN-US">Chinese soy import data also pressured prices. China imported
3.841 million tonnes of soybeans in March, down 20.4 percent from a year
earlier, Chinese customs data showed. China imported 3.307 million tonnes
from the United States, down 12.2 percent.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal"><span lang="EN-US">CBOT soymeal and soyoil followed soybeans lower; declines in
Malaysian palmoil values added to bearish sentiment.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal"><span lang="EN-US">Firm cash markets helped front-month May soybeans gain relative to
July on
spreads. The inverted May/July spread peaked at 55 cents, premium May.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal"><span lang="EN-US">Basis bids for soybeans shipped by barge to the U.S. Gulf Coast
were steady to firm early on Monday as portions of Midwest rivers were
closed to barge traffic due to high water and flooding, limiting supplies
available to Gulf exporters.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal"><span lang="EN-US">Country offerings of soybeans were extremely thin, lifting
domestic crusher bids to historic highs.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal"><span lang="EN-US">USDA reported export inspections of U.S. soybeans in the latest
week at 4.970 million bushels, below a range of trade estimates for 5
million to 10 million.</span></li>
</ul>
<ul type="disc">
<li class="MsoNormal"><span lang="EN-US">USDA said private exporters reported sales of 174,000 tonnes of
U.S. soybeans to China for delivery in 2013/14.</span></li>
</ul>
<span lang="EN-US">* Wet and cold weather in the U.S. Midwest this week will
further slow corn plantings while adding valuable soil moisture to
drought-stricken regions, an agricultural meteorologist said on Monday. <o:p></o:p></span><br />
<br />
<br />
BMD CPO - <span style="font-family: 'Times New Roman', serif; font-size: 12pt;">KUALA LUMPUR, April 22 (Reuters) -
Malaysian palm oil dropped to a fresh four-month low on Monday, as volatility
in commodities markets overall and losses in soybeans weighed, with investors
also wary ahead of slowing export demand.</span><br />
<span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br /></span>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Global markets have faced turbulent
trading over the past week as economic data from the United States and China
sparked concerns that slowing growth could hurt demand for commodities,
triggering a sell-off in crude oil and gold markets.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Palm, the most widely traded
vegetable oil in the world, also faced pressure from sluggish export data which
slipped about 5-6 percent in April 1-20 compared to a month ago, cargo
surveyors.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"There's nothing wrong for
market to be down today -- it was expected generally because of the soybean and
crude oil prices, which indirectly affects Malaysian palm oil," said a
trader with a foreign commodities brokerage in Kuala Lumpur.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"The market is quiet and
uncertain at this level. A lot of buyers are staying on the sidelines for now.
The local sentiment is okay, but not the global sentiment," he added.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Falling prices of soyoil, a close
competitor of palm, could wean away demand from the latter. <o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The benchmark July contract on the Bursa Malaysia Derivatives Exchange settled down 1.7 percent at 2,256
ringgit ($740) per tonne after going as low as 2,250 ringgit -- a level not
seen since Dec. 14.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Total traded volumes were thin at
17,147 lots of 25 tonnes each, compared to the usual 25,000 lots.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Sluggish exports in the remaining
days of April could prevent end-stocks from easing, traders say, and further
hurt prices, which have lost 7.4 percent so far this year.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Palm oil stocks in Malaysia, the
world's No.2 producer, stood at 2.17 million tonnes as of end-March after
declining 11 percent from end-February's 2.44 million tonnes.<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Oil futures steadied around $100 a
barrel on Monday, retrieving only a fraction of the ground lost over the past
three weeks due to worries about the world economy and the impact on fuel
demand. <o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In other vegetable oil markets, U.S.
soyoil for July delivery dropped nearly 1 percent in Asian trade. The
most-active September soybean oil contract on the Dalian Commodities Exchange tumbled nearly 3 percent.<o:p></o:p></span></div>
futuresbloghttp://www.blogger.com/profile/09501562545352184005noreply@blogger.com0tag:blogger.com,1999:blog-8640097534261110913.post-33628855487756513152013-04-18T08:09:00.001+08:002013-04-18T08:09:08.353+08:00Trader's highlight<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>DJI - </b><b>NEW YORK, April 17 (Reuters) - </b>U.S.
stocks fell in a broad market selloff Wednesday, led by a sharp drop in Apple
shares on worries about slowing demand for its products and
weaker-than-expected results from Bank of America that battered the financial
sector.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Wednesday's losses were the week's
second big sell-off, adding to views the market may be starting the pullback
analysts have been speculating about for months. The market has had strong
gains since the start of year, yet on Monday, the S&P 500 posted its worst
day since Nov. 7 following a sharp drop in gold prices.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"After Monday’s gold selloff
spooked U.S. equities, it seems as though the dip buyers are a bit less
aggressive, allowing the market to fall a bit more," said Gordon Charlop,
a managing director at Rosenblatt Securities in New York.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The Dow Jones industrial average was down 138.19 points, or 0.94 percent, at 14,618.59. The Standard &
Poor's 500 Index was down 22.56 points, or 1.43 percent, at
1,552.01. The Nasdaq Composite Index was down 59.96 points, or 1.84 percent, at 3,204.67.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>Oils - </b><b>NEW YORK, April 17 (Reuters) -</b> Oil
prices tumbled for a sixth straight session on Wednesday, with Brent crude
falling below $98 per barrel for the first time since July as rising U.S. fuel
supplies added to overall concern about global oil demand.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">A report from the U.S. government's
Energy Information Administration showed an unexpected fall in U.S. crude
inventories. But EIA reported increases in distillate inventories and gasoline
supplies on the U.S. East Coast, which includes the New York harbor. <a href="reuters://REALTIME/Verb=Headlines/ric=EIA/S"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The report is mildly bullish,
but it’s not going to matter. It’s going to be overshadowed by everything else
that’s going on right now," said Mark Waggoner, president at Excel Futures
in Oregon.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"The U.S. has lots of crude
oil. The lack of demand out of China is also going to weigh quite
heavily."<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Brent crude, U.S. crude and U.S.
gasoline were down around 2 percent, with U.S. heating oil approaching a 2.5
percent fall. U.S. crude and Brent crude were each off more than $2 per barrel
at the lows of the day.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Stephen Schork, the editor of The
Schork Report, said a key technical support for Brent was broken at $97.91.
"Once we hit that level, it probably triggered a bunch of selling,"
said Schork.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>CBOT Soybean - </b>Soybean futures on the Chicago Board of Trade closed higher on Wednesday with nearby contracts leading gains on firm
cash markets and tight U.S. supplies, traders said.</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Soymeal
posted the biggest percentage gains in the soy </span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">complex,
with some traders citing rumors of U.S. export</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">business.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">The May
soybean and soymeal contracts each</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">reached
their highest levels since March 28. The May soybean</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">contract
broke through its 100-day moving average near $14.25</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">but
settled below that level.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Soy gains
pared late as global growth concerns and</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">disappointing
earnings reports took a heavy toll on world equity</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">markets
and commodities. </span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Trade
expects USDA's weekly export sales report on</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">Thursday
to show U.S. soybean sales at 100,000 to 500,000 tonnes</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">for 2012/13
and 50,000 to 500,000 tonnes for 2013/14.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">The World
Health Organization said a number of people who</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">have
tested positive for a new strain of bird flu in China</span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">appear to
have had no contact with poultry, adding to the </span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">mystery
about a virus that has killed 17 people to date.</span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 36pt; text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"> <o:p></o:p></span></span></div>
<div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-US">·
</span><!--[endif]--><span lang="EN-US">Brazil's
vegetable oils association Abiove trimmed its </span><span lang="EN-US" style="text-indent: -18pt;"> </span><span lang="EN-US" style="text-indent: -18pt;">forecast
for a record soybean crop to 82.1 million tonnes, below </span><span style="line-height: 115%;">its 82.3 million tonne forecast in March. </span></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b>BMD CPO - </b><b>SINGAPORE, April 17 (Reuters) -</b>
Malaysian palm oil futures fell to a 4-month low on Wednesday, as investors
refrained from taking risky positions after this week's rout in commodities and
ahead of export data.</span></div>
<div style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Risky assets such as gold and crude
oil rebounded slightly from massive sell-offs this week, but the price outlook
remained volatile as concerns lingered over slowing global growth. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Palm oil traders are now waiting for
further export numbers as stocks of the edible oil could ease further on higher
shipments and weak production. Inventory levels fell to 2.17 million tonnes in
March, the lowest in seven months. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">"Uncertainty still weighs on
the market, it looks like it will be this way at least for the week," said
a trader with a domestic commodities brokerage in Malaysia.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">The benchmark July contract on the Bursa Malaysia Derivatives Exchange lost 1.1 percent to close at 2,276
ringgit ($760) per tonne. Prices fell as low as 2,269 ringgit, a level last
seen on Dec. 14.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Total traded volumes stood at 38,934
lots of 25 tonnes each, slightly higher than the average 35,000 lots seen so
far this year.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Market participant will be hoping
for some improvement in Malaysian palm oil exports for the first 20 days of the
month. Shipments for the first half of April dropped 4 percent from a month
ago, according to cargo surveyor Intertek Testing Services. <a href="reuters://REALTIME/Verb=Headlines/ric=PALM/ITS"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Another cargo surveyor, Societe
Generale de Surveillance, reported a steeper 7-percent fall. <a href="reuters://REALTIME/Verb=Headlines/ric=PALM/SGS"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other markets, Brent crude slid
towards $99 per barrel on Wednesday, weighed down by the prospect of sluggish
fuel demand in top consumers the United States and China and rising stockpiles
of U.S. crude. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a><o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In other vegetable oil markets, U.S.
soyoil for May delivery fell 0.2 percent in late Asian trade. The
most-active September soybean oil contract on the Dalian Commodities Exchange gained 0.6 percent.<o:p></o:p></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>Regional Equities - </b><b>BANGKOK, April 17 (Reuters) -</b> Most
Southeast Asian stocks gained on Wednesday with Malaysia and Indonesia hitting
a new high on strong earnings, but Thai stocks underperformed due to selling in
energy shares. <a href="reuters://REALTIME/Verb=Headlines/ric=O/R"><span style="color: blue;"></span></a></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Kuala Lumpur's Composite Index rose 0.6 percent to close at a record high of 1,710.97. Jakarta's Composite
Index extended its gain for a second session,
climbing 1.1 percent to 4,998.65, above a record 4,981.46 set on April 3.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Shares in power utility Tenaga Nasional
Bhd, the most actively traded on Malaysian
bourse, jumped 3.9 percent ahead of its results due on Thursday. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">Indonesia's telecom provider PT
Telekomunikasi Indonesia rose as much as 6.4 percent after its
mobile unit posted strong quarterly results. <o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;">In Singapore, shares of Singapore
Exchange Ltd outperformed the broader market ,
climbing 1.2 percent after it posted its largest quarterly profit since the
2008 financial crisis.<o:p></o:p></span></span></div>
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<span lang="EN-US"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: small;">Thai SET index fell 0.4 percent to 1,521.53. Energy shares</span> dropped 1.4 percent as falling global oil prices concerned investors of
possible weak earnings for April-June quarter, a strategist at Tisco Securities
said.</span><span style="font-family: Times New Roman, serif; font-size: 12pt;"><o:p></o:p></span></span></div>
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