Trader's Highlight

DJI-NEW YORK, Nov 19 (Reuters) - Shares slumped globally on Thursday and the dollar gained against the euro as investors reassessed optimistic expectations for a rebound in world economic growth.

The Dow Jones industrial average <.DJI> dropped 93.87 points, or 0.9 percent, at 10,322.44. The Standard & Poor's 500 Index <.SPX> fell 14.90 points, or 1.34 percent, at 1,094.90. The Nasdaq Composite Index <.IXIC> dropped 36.32 points, or 1.66 percent, at 2,156.82.

The U.S. dollar and the yen climbed, with major European currencies and the New Zealand and Australian dollars being the biggest losers. Despite the dollar's strength, it has still lost about 20 percent versus the euro since early March.

NYMEX-NEW YORK, Nov 19 (Reuters) - U.S. crude oil futures ended nearly 3 percent lower on Thursday, as Wall Street declined broadly on worries about corporate earnings despite generally positive economic data for the day.

On the New York Mercantile Exchange, December crude , which expires on Friday, settled $2.12 lower, or 2.66 percent, at $77.46 a barrel, trading from $77.06 to $79.87.

CBOT-SOYBEANS - January up 12 cents at $10.39 a bushel. Big export sales of U.S. soy and news from USDA of a sale of U.S. soybeans to China lifts soybean market. Showers that are slowing harvest in some U.S. soybean areas may also underpin prices. Gains limited by firm dollar, lower crude oil and gold and downturn in stock market.

CBOT-SOYOIL - December down 0.30 cent at 39.45 cents per lb. Falling crude oil and firm dollar weigh on soyoil futures.

FCPO-JAKARTA, Nov 19 (Reuters) - Malaysian crude palm oil futures dropped 1.2 percent on Thursday as investors locked in their profits, after the price rose on Wednesday to hit its highest level in more than three months, traders said. Investors shrugged off a leak of the export data showing that Nov. 1-20 exports rose 18 percent to 960,000 tonnes, as the figure had already been priced into the recent rally, traders said. The date is due to be released by cargo surveyor Intertek Testing Service (ITS) on Friday.

The benchmark February contract on the Bursa Malaysia Derivatives Exchange settled down 29 ringgit to 2,371 ringgit ($699.51) per tonne. Overall volume shot up to 18,805 lots of 25 tonnes each, compared to the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Nov 19 (Reuters) - Singapore's stock market gained on Thursday as optimism about the economic outlook pushed up big caps such as SingTel and lender OCBC, while Malaysia showed a modest gain as telecoms firm Maxis made a positive debut.

The Straits Times Index <.FTSTI> rose 0.5 percent, erasing part of a two-day loss of 1.4 percent, with Singapore Telecommunications , Southeast Asia's biggest telecom firm, up 1 percent and Oversea-Chinese Banking Corp 1.2 percent higher.

However, analysts said it may struggle to go higher because of the sector's steep valuations and sluggish growth prospects. Malaysia <.KLSE> edged up 0.12 percent, with top mobile phone operator Maxis making a strong market debut after its $3.3 billion initial public offering, ending at 5.42 ringgit compared with its IPO price of 5.00 ringgit.

FCPO Daily Immediate outlook remains positive

Market took a little breathe after the recent strong rebound to cover until some of the 3rd upside gap. Nevertheless, immediate daily technical reading remains positive. Thus, we are still looking the upside resistance at 2415-2424 (unfilled gap since 17/8/2009) followed by the next resistance at 2521 (high since 13/8/2009) in near term. While to the downside support remains at 2305-2273 (gap left over on 16/11/2009).

FKLI Daily: Showing tiredness mode

Market shows tiredness after tested immediate support at 1270 in intra-day basis. Thus, market may enter into correction zone in near term. Currently, we are still looking for the immediate upside resistance at 1286. To the downside, immediate support is maintain at 1270 followed by 1262-1258 (unfilled gap left over on 6/11/2009.

Trader's Highlight

DJI-NEW YORK, Nov 18 (Reuters) - U.S. stocks broke three days of gains on Wednesday following worrisome outlooks from two major software makers and a surprising drop in home construction last month.

The Dow Jones industrial average <.DJI> dropped 11.11 points, or 0.11 percent, to 10,426.31. The Standard & Poor's 500 Index <.SPX> dipped just 0.52 of a point, or 0.05 percent, to finish at 1,109.80. The Nasdaq Composite Index <.IXIC> lost
10.64 points, or 0.48 percent, to end at 2,193.14.

NYMEX-NEW YORK, Nov 18 (Reuters) - U.S. crude futures ended higher on Wednesday as the government reported crude inventories fell last week, but gains were pared on recovery doubts as Wall Street slid on bleak homebuilding data.

On the New York Mercantile Exchange, December crude settled up 44 cents, or 0.56 percent, at $79.58 a barrel, trading from $78.67 to $80.33. The NYMEX December crude contract expires on Friday.

CBOT-SOYBEANS - January down 2-1/2 cents at $10.27 a bushel. Profit-taking and producer hedge selling from the U.S. and South America weigh after soy had rallied to 2-1/2 month high.

CBOT-SOYOIL - December down 0.06 cent at 39.75 cents per lb. Profit-taking turns market weak by close.

FCPO-JAKARTA, Nov 18 (Reuters) - Malaysian crude palm oil futures rose 2.5 percent on Wednesday to end at a 13-½ week closing high, underpinned by hopes for a recovery in demand and strong crude oil prices, traders said.

The benchmark February contract on the Bursa Malaysia Derivatives Exchange settled up 58 ringgit, or 2.5 percent, to 2,400 ringgit ($713.43) per tonne, after going as high as 2,415 ringgit. The close was also the highest since Aug. 14. Overall volume shot up to 18,323 lots of 25 tonnes each compared to the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Nov 18 (Reuters) - Stock markets in Singapore and
Malaysia fell on Wednesday, with developer Ying Li tumbling following a share issuance plan and palm oil shares such as Sime Darby and IOI Corp leading the decliners in Kuala Lumpur.

Malaysia <.KLSE> edged down 0.4 percent, erasing some of its 0.7 percent advance in the past two days, while Thailand <.SETI> inched up 0.1 percent after ending flat on Tuesday.

FCPO Daily: Strengthen further

Overall daily technical reading strengthen further following market covered some of the upside gap. Thus, market may continue to challenge left over upside gap since 17/8/2009 at 2415-2424 followed by the next resistance at 2521 (high since 13/8/2009) in near term. While to the downside support remains at 2305-2273 (gap left over on 16/11/2009).

Breaking News-RTRS-Oil World cuts Argentine 2010 soy crop forecast

HAMBURG, Nov 17 (Reuters) - German oilseeds analysts Oil World said on Tuesday it has cut its forecast of Argentina's soybean crop in early 2010 to 48 million tonnes from 50 million tonnes in its previous forecast on Nov. 3 due to dry weather.
In late October it had estimated the country's crop in early 2010 at 52 million tonnes.
But the lower forecast would still be an increase on the drought-reduced 32.0 million tonnes Argentina harvested in early 2009.
Dry weather continues to cause serious concern about Argentina's crop in early 2010, it said.

Breaking News-RTRS-Global biodiesel output to rise sharply-Oil World

HAMBURG, Nov 17 (Reuters) - Global 2010 biodiesel production is likely to rise by about 20 percent on the year but the world industry will still work way under capacity, Hamburg-based oilseeds analysts Oil World has forecast.
World 2010 biodiesel output will rise to an estimated 19.16 million tonnes from 15.92 million tonnes forecast in 2009, it said on Tuesday.

Trader's Highlight

DJI-NEW YORK, Nov 17 (Reuters) - U.S. stocks rose to fresh 13-month highs on Tuesday as upbeat broker views on improving prospects for two Dow components offset disappointing holiday spending outlooks from Target and Home Depot.

The Dow Jones industrial average <.DJI> rose 30.46 points, or 0.29 percent, to close at 10,437.42. The Standard & Poor's 500 Index <.SPX> edged up 1.02 points, or 0.09 percent, to 1,110.32. The Nasdaq Composite Index <.IXIC> added 5.93 points, or 0.27 percent, to 2,203.78.

NYMEX-NEW YORK, Nov 17 (Reuters) - U.S. crude oil futures rose slightly in post-setttlement trading on Tuesday after industry inventory data showed a larger-than-expected drawdown in domestic crude stocks last week.

On the New York Mercantile Exchange at 5:10 p.m. EDT (2210 GMT), December crude was up 44 cents, or 0.56 percent, at $79.34 a barrel. It had settled earlier up 24 cents, or 0.3 percent, at $79.14.

CBOT-SOYBEANS - January up 19-1/2 cents at $10.29-1/2. Fund buying, soaring soymeal and a return to wet weather that will slow the final stages of U.S. soybean harvest lift soy market to 2-1/2 month high.

CBOT-SOYOIL - December up 0.04 cent per lb at 39.81. Following soybeans higher but profit-taking limits gains.

FCPO-JAKARTA, Nov 17 (Reuters) - Malaysian crude palm oil futures edged up 0.3 percent on Tuesday, the fourth consecutive day of gains, but profit-taking in late trade wiped out much of the increase, traders said.

The benchmark February contract on Bursa Malaysia Derivatives Exchange was up 6 ringgit to 2,342 ringgit ($695.99) per tonne, after going as high as 2,370 ringgit, a level not seen since Aug. 28. Overall volume was 15,604 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Nov 17 (Reuters) - Singapore's stock market fell on
Tuesday as profit-taking hit big caps such as developer CapitaLand and lender United Overseas Bank, but most other Southeast Asian markets ended with small gains.

The Straits Times Index <.FTSTI> lost 0.7 percent as CapitaLand slid 2.4 percent on resuming trade after final pricing on its shopping mall unit's initial public offering, while number two bank UOB fell 1.4 percent.

Malaysia's index <.KLSE> inched up 0.13 percent, rising earlier to its highest since May 21, 2008, with Malayan Banking up 1.02 percent and Axiata Group up 1.6 percent.

Breaking News-RTRS-UPDATE 2-India's '08/'09 veg oil imports jump 37 pct

NEW DELHI, Nov 16 (Reuters) - India's vegetable oil imports surged 37 percent to a record in 2008/09, fuelled by higher consumption and low taxes, but imports in October, the last month of the oil year, dipped as expected.
"The current trend gives a hint that imports would touch 10 million tonnes in 2-3 years," said B.V. Mehta, executive director of the Solvent Extractors' Association of India.

Breaking News-RTRS-US soybean crush 155.262 mln bu in October-NOPA

-U.S. OCT SOYBEAN CRUSHINGS 155.262 MLN BU VS SEPT 107.379 MLN--NOPA
-U.S. OCT SOYMEAL EXPORTS 702,121 TONS VS SEPT 328,768 TONS--NOPA
-U.S. OCT SOYOIL STOCKS 2.286 BLN LBS VS SEPT 2.262 BLN--NOPA

Trader's Highlight

DJI-NEW YORK, Nov 16 (Reuters) - U.S. stocks rose broadly on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to spur growth.

Bernanke repeated that the Fed was likely to keep interest rates exceptionally low for "an extended period," a pledge that weighed on the U.S. dollar and drove investors to snap up shares of natural resource companies as prices of global commodities -- from gold to wheat -- shot higher.

In a speech before the Economic Club of New York, Bernanke said the recovery would not be as robust as previously hoped, and rising unemployment and tight bank lending were significant headwinds.

The Dow Jones industrial average <.DJI> gained 136.49 points, or 1.33 percent, to 10,406.96. The Standard & Poor's 500 Index <.SPX> shot up 15.82 points, or 1.45 percent, to 1,109.30 -- its first close above the psychologically important 1,100 level for the first time since October 2008.

The Nasdaq Composite Index <.IXIC> jumped 29.97 points, or 1.38 percent, to 2,197.85.

NYMEX-NEW YORK, Nov 16 (Reuters) - U.S. crude futures ended more than 3 percent higher on Monday as a weakened dollar prompted investors to buy into commodities.

On the New York Mercantile Exchange, December crude settled up $2.55, or 3.34 percent, at $78.90 a barrel, trading from $76.32 to $79.52. On Friday it hit a low of $75.57, the cheapest since prices hit $74.79 on Oct. 15.

CBOT-SOYBEANS - January up 23 cents at $10.10 per bushel. Weak dollar, firm crude oil and gains in equities and gold combine buoy soybean futures. Return to wet weather in portions of U.S. Midwest that will slow soy harvest also supportive.

NOPA October soy crush at 155.262 million bushels, well above trade estimates for 137.9 million.

CBOT-SOYOIL - December up 1.16 cents at 39.77 cents per lb. Support from gains in soybeans, higher crude oil and weak dollar.

NOPA pegs U.S. October soyoil stocks 2.286 billion lbs, versus September 2.262 billion.

FCPO-JAKARTA, Nov 16 (Reuters) - Malaysian crude palm oil futures rose 2.1 percent on Monday to an 11-week closing high supported by strong exports in the first fifteen days of November and a jump in crude oil prices, traders said.

The benchmark February contract on Bursa Malaysia Derivatives Exchange rose 48 ringgit to 2,336 ringgit ($694.20) per tonne, a level not seen since Aug. 28. Overall volume shot up to 19,487 lots of 25 tonnes each from the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Nov 16 (Reuters) - Singapore's stock index <.FTSTI>
climbed to its highest in 15 months on Monday, leading gains in other major Southeast Asian stock markets as investors snapped up banks and CapitaLand gained on plans to list its mall unit.

The Straits Times Index <.FTSTI> ended up 2.1 percent at its highest since Aug. 18, 2008, led by a 5.2 percent surge in United Overseas Bank , a 4.2 percent climb in Oversea-Chinese Banking Corp and a 3 percent gain in DBS .

Malaysia's index <.KLSE> was up 0.6 percent, led by a 2.8 percent rise in financial CIMB Group Holdings following its plan to raise about 4.5 billion baht ($136 million) from a public offering in the Thai market by the middle of 2010.

Its 94 percent owned CIMB Thai Bank gained 2.3 percent on the Thai bourse, while the broader Thai stock market was up 1.2 percent on the day. Among gainers in Kuala Lumpur, shipping firm MISC rose 2.2 percent and Petronas Gas was up 1.5 percent.

FCPO Daily: May want to challenge the gap left over at 2402-2424.

Consolidation phase has come to the ends as market gap up and fully cover the two upside gap, one at 2285-2299 another one at 2335-2352. Thus, market may likely to target the 3rd upside gap left over since 17/8/2009 at 2402-2424. While, to the downside support is pegged at 2305-2273 (gap left over on 16/11/2009).

CBOT soyoil Daily: Fabulous

Market shut all the way up to close firm at above USD40.00 with a long white candle printed had drawn a bullish picture. Thus, market is likely to challenge the upside target at USD40.77 (high since 3/6/2009) following a significant breakout from the overhead resistance at USD39.18. Immediate downside support is lies at USD39.00 followed by USD38.50-38.00.

DJI Daily: Building up base

Market stayed firm at above 10,400 levels following a convincing break out from the overhead resistance at 10,200 levels. This had strengthen further the overall technical landscape to bias upside potential. Thus, market may likely to march higher to challenge the next resistance at 10,500-10,800. To the downside, support is pegged at 10,200-10,000.

FKLI Daily: Slowly inching up

Market is inching up slowly to challenge the recent high at 1286.0. Thus, violation of it may see more room to bias upside potential in near term market. Currently, we are still looking for the immediate upside resistance at 1286 followed by 1300-1310. To the downside, immediate support is lies at 1270 followed by 1262-1258 (unfilled gap left over on 6/11/2009.

Trader's Highlight

DJI-NEW YORK, Nov 13 (Reuters) - U.S. stocks rose in light volume on Friday to achieve a second straight week of gains as upbeat retail news reinforced hopes for strong sales in the key holiday season

The Dow Jones industrial average <.DJI> added 73.00 points, or 0.72 percent, to end at 0,270.47. The Standard & Poor's 500 Index <.SPX> rose 6.24 points, or 0.57 percent, to 1,093.48. The Nasdaq Composite Index <.IXIC> rose 18.86 points, or 0.88
percent, to close 2,167.88.

NYMEX-NEW YORK, Nov 13 (Reuters) - U.S. crude futures fell on Friday on demand worries as souring consumer sentiment and a bigger trade deficit raised fresh concerns about the economic recovery.

On the New York Mercantile Exchange, December crude settled down 59 cents, or 0.77 percent, at $76.35 a barrel, trading from $75.57 to $77.67. The day's low was the cheapest since prices hit $74.79 on Oct. 15. For the week, the NYMEX contract fell $1.30, or 1.67 pct.

CBOT-SOYBEANS - November expired up 1-3/4 cents at $9.84 a bushel, January down 3 at $9.87; deferreds down 1 to 3-1/2.

Late profit-taking and fund selling weighed on soybeans after early support from big U.S. soy exports and spillover buying from soymeal. National Oilseed Processors Assn to report October crush figures on Monday.

CBOT-SOYOIL - December up 0.24 cent per lb at 38.61 cents per lb; deferreds up 0.16 to 0.25 cent per lb.

FCPO-KUALA LUMPUR, Nov 13 (Reuters) - Malaysian crude palm oil futures rose 1 percent on Friday on fears monsoon rains would hurt production this month as well as expectations of rising exports.

The benchmark January contract on Bursa Malaysia Derivatives Exchange rose 23 ringgit to 2,268 ringgit ($671.8) per tonne.

REGIONAL EQUITIES-BANGKOK, Nov 13 (Reuters) - Most Major Southeast Asian stock
markets eked out small gains on Friday, with buying interest in Adaro Energy and Bank Nagara pushing Indonesia higher while upbeat quarterly earnings shored up sentiment in Thailand.

Singapore's index <.FTSTI> inched up 0.04 percent, although big palm plantation firm Wilmar International fell 2 percent as Malaysian crude palm oil futures made little headway on Friday.

Malaysia's index <.KLSE> edged down 0.06 percent, with Sime Darby sliding 0.3 percent and IOI Corp easing 0.4 percent.

The listing of Maxis, Malaysia's biggest mobile phone operator, which will start trading on Nov. 19, should lift sentiment in Kuala Lumpur, analysts said.

CBOT Soyoil Weekly: Waiting for a significant breakout

Market recovered with a long white candle but shies away at the closing after tested the weekly high at USD39.17. Thus, a significant breakout from the overhead resistance at USD39.18 may provide more room to bias upside potential. Next resistance will be looking at USD40.77. Downside support is lies at USD37.30-USD36.55 followed by USD35.00.

FCPO Weekly: Still stuck in consolidation phase

Market is still stuck in consolidation phase in near term despite prices holding above 2200 levels. We continue to look for the immediate upside resistance at 2350 followed by 2400. While, downside support is adjusted to 2150-2130 followed by 2108-2100 (unfilled gap left over since 18/10/2009).

DJI Weekly: more strength is still needed

Market tested the 10,300 levels but not at closing. Thus, more strength is still needed in order to maintain its upward momentum. We maintain the upside resistance at 10,300-10,500. To the downside, support is remains at 10,000-9,900.

FKLI Weekly: Holding ground steady

Market continue to hold ground steadily after tested the fresh new high at 1286. Thus, up-trend remains intact and likely to continue in near term with upside resistance now is looking at 1300 followed by 1314.5-1348 (gap left over on 3/9/2008). While, downside support is pegged at 1230 followed by 1200.