CBOT Soyoil Daily: in Consolidation phase

Market still in consolidation phase following prices found some immediate support at USc39.00. Upside resistance is pegged at USc40.30-40.60 followed by USc41.00

Trader's Highlight

DJI-NEW YORK, March 29 (Reuters) - U.S. stocks rose on Monday as miners and energy companies advanced on dollar weakness and investors bought recent high fliers as the quarter's end approached.

The dollar's decline boosted commodities prices, including crude oil. Exxon Mobil Corp was up 1.1 percent to $67.30 and the S&P energy index <.GSPE> rose 1.8 percent.

The Dow Jones industrial average <.DJI> rose 45.50 points, or 0.42 percent, to 10,895.86 -- it's highest close since September 2008. The Standard & Poor's 500 Index <.SPX> climbed 6.63 points, or 0.57 percent, to 1,173.22. The Nasdaq Composite
Index <.IXIC> jumped 9.23 points, or 0.39 percent, to 2,404.36.

NYMEX-NEW YORK, March 29 (Reuters) - U.S. crude futures ended higher on Monday for the first time in four sessions, supported by a weaker dollar, higher equity prices and data showing consumer spending rising for the fifth straight month.

Some analysts also cited geopolitical worries arising from a suicide bombing that killed at least 38 people on packed Moscow metro trains on Monday.

On the New York Mercantile Exchange, May crude closed up $2.17, or 2.71 percent, at $82.17 a barrel, trading from $80.18 to $82.78. The day's percentage gain was the highest for a day since prices ended up 3.89 percent Feb. 16.

CBOT-CHICAGO, March 29 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.

CBOT-SOYBEANS - May up 15-1/2 cents at $9.67-1/2 per bushel. Market climbs on weak dollar, higher crude oil and concerns about ability of Argentina to ship soybeans due to spreading labor protests.


CBOT-SOYOIL - May up 0.32 cent at 39.27 cents per lb. Firm crude oil, higher soy and weak dollar combine to lift soyoil futures.

FCPO-KUALA LUMPUR, March 29 (Reuters) - Malaysia palm oil futures fell to seven-week lows on Monday due to the stronger ringgit currency against the dollar and expectations of weak export growth this month.

Palm oil futures have lost 5.4 percent so far this year on expectations of a bumper South American soybean crop and volatility in foreign exchange markets.

Benchmark June crude palm oil futures on the Bursa Malaysia Derivatives Exchange settled down 14 ringgit, or 0.55 percent, at 2,520 ringgit ($762.5) after going as low as 2,510 ringgit -- a level not seen since Feb. 8.

REGIONAL EQUITIES-BANGKOK, March 29 (Reuters) - Indonesia's stock market ended lower on Monday as bank shares fell prey to profit-taking, while Thai stocks fell for a third session as worries grew over anti-government protests in the capital.

The region overall was mixed, with Singapore and Malaysia posting small gains while the Philippines and Vietnam were flat.

Singapore's index <.FTSTI> rose for a third day, adding 0.8 percent, led by big caps and banking stocks. Singapore Telecoms rose 2.2 percent, Oversea Chinese Banking Corp gained 1.3 percent and United Overseas Bank climbed 1 percent.

In Kuala Lumpur, the index extended its gains into a fifth session, finishing 0.3 percent higher, led by Malayan Banking and Axiata Group , which rose about 1 percent each.

NYMEX Crude Daily: More strength is still needed

Market rebounded sharply to draw a long white candle had improved a little the immediate technical outlook. However, more strength is still needed in order to change the current outlook to look more positively. Thus, market may consolidate and move in the range of upside at USD83.16-83.95 to the downside at USD78.57.

FCPO Daily: 2500 able to defend?

Immediate technical landscape dampened further following market continue to lose ground and fully cover the downside gap left over at 2528-2523. Thus, market looks may continue to move sideways to lower in near term. As for now, we continue to look for the upside resistance at 2595-2600. While, immediate downside support is lies at 2500 followed by 2470-2462 (gap left over since 3/2/2010).

Breaking News-RTRS-Malaysian palm oil firm denies clearing rainforests

KUALA LUMPUR, March 26 (Reuters) - Malaysia's second-largest planter IOI Corp dismissed claims by a green group that it cleared rainforests on Borneo island to expand oil palm estates, saying the report was inaccurate.
IOI Corp said on Friday it conducted its own investigations and held a dialogue with Friends of the Earth group, which published a report last week looking at how the planter was expanding estates on the Indonesian side of the island.

Breaking News - RTRS-PREVIEW-Corn, wheat stockpiles to rise; soy seen shrinking

CHICAGO, March 25 (Reuters) - U.S. corn supplies were
expected to reach their highest level in more than 20 years as
a bumper harvest last autumn led to growing stockpiles despite
rising demand for the crop.
Soybean supplies were expected to fall in the U.S.
Agriculture Department's quarterly stocks report, which will be
issued on March 31, due to aggressive buying by China on the
export market but wheat stocks were seen at a 10-year high as
overseas buyers were looking to other countries to satisfy
demand.

Breaking News-RTRS-Argentine police close access to key grains port

BUENOS AIRES, March 26 (Reuters) - Argentine police have closed a road leading to one of Argentina's main grains ports after protests by dockworkers, sources said on Friday.
Police closed off access to the San Martin port, one of the country's leading grains ports, following days of protests by workers who have halted the loading and unloading of ships to demand higher wages.
Several terminals at San Martin were not receiving grains because a road leading to the port was closed, sources said.

Trader's Highlight

DJI-NEW YORK, March 26 (Reuters) - The Dow and S&P ended flat on Friday, giving back earlier gains after the sinking of a South Korean naval ship, while tech shares' weakness kept the Nasdaq in slightly negative territory.

Stocks initially rose after European Union leaders said they had agreed on a standby aid package for Greece, and after better-than-expected March consumer sentiment data.

The Dow Jones industrial average <.DJI> rose 9.15 points, or 0.08 percent, to end at 10,850.36. The Standard & Poor's 500 Index <.SPX> inched up just 0.86 point, or 0.07 percent, to 1,166.59. But the Nasdaq Composite Index <.IXIC> slipped2.28 points, or 0.10 percent, to close at 2,395.13.

NYMEX-NEW YORK, March 26 (Reuters) - U.S. crude oil futures ended lower for a third day in row on Friday as downbeat economic data overshadowed a steady tone in consumer sentiment and news of an agreement to help debt-strapped Greece.

Wall Street fell back, on geopolitical worries after the sinking of a South Korean naval ship and a drop in tech bellwether Oracle [.N].

On the New York Mercantile Exchange, May crude settled down 53 cents, or 0.66 percent, at $80 a barrel, trading from $79.54 to $81.46.

CBOT-CHICAGO, March 26 (Reuters) - Chicago Board of Trade grains and soy complex close on Friday.

CBOT-SOYBEANS - May up 9-1/2 cents at $9.52 per bushel. Support from short-covering, bull-spreading, tightening U.S. soy supplies and news Argentine police closed roads to San Martin grains port after worker protests.

CBOT-SOYOIL - May up 0.25 cent at 38.95 cents per lb. Higher soy and weak dollar combine to lift soyoil futures. Weakness in crude oil weighs.

FCPO-JAKARTA, March 26 (Reuters) - Malaysian palm oil futures fell 1.59 percent to a one-week low on Friday on the strength in the ringgit and as concerns over a dry weather spell leading to tight supplies eased.

The benchmark June crude palm oil futures on the Bursa Malaysia Derivatives Exchange closed down 41 ringgit, or 1.59 percent, at 2,534 ringgit ($767) per tonne. Overall trade volume was 14,711 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, March 26 (Reuters) - Most Southeast Asian stock markets ended slightly higher on Friday after investors bought big-cap stocks as hopes grew of a debt bail-out for Greece.

Investors took their lead from U.S. stock futures, which pointed to a higher start on Friday, dealers said. At 0948 GMT, the futures <.DJM0> were up 0.24 percent.

In Singapore, the Straits Times Index <.FTSTI> finished 0.6 percent higher although the city state's stronger-than-expected factory output in February fuelled expectations of policy tightening next month. [ID:nSGE62P052]

Among actively traded stocks, Straits Asia Resources was up 3.8 percent and developer CapitaLand gained 2.3 percent.

Malaysia's index <.KLSE> was up 0.2 percent, with gaming group Genting rising 1.7 percent and palm plantation firm Sime Darby up 0.8 percent.

One weak spot was Telekom Malaysia , which fell 1.4 percent after Hwang DBS Vickers downgraded the stock to "hold" after a recent run-up in the share price.

NYMEX Crude Weekly: Searching for direction

Market looks still searching for a clearer direction as market remains in consolidation phase. Thus, upside resistance is pegged at USD83.95. Immediate downside support is looking at USD75.00 followed by the USD68.59.

FKLI Weekly: Defended well

Bulls defended well following prices managed to rebound and recover to close near to the weekly high. Market still remains its upward posture and looks likely to challenge its recent high 1337-1348 (gap left since 9/3/2008). To the downside, support is pegged at 1275-1270 followed by 1250.

FCPO Weekly: Limited upside

Market momentum weakened further following a double top formation. Thus, we continue to look for the upside resistance at 2722-2726. While, downside support is lies at 2528-2538 (left over gap since 14/2/2010) followed by 2450-2400.

Breaking News-RTRS-UPDATE 2-Cargill warns Indonesian planter, expansion seen curbed

JAKARTA, March 25 (Reuters) - Agribusiness giant Cargill Inc [CARG.UL] has threatened to delist Indonesian planter Sinar Mas as a palm oil supplier over allegations of illegal logging -- a move that may curb future industry expansion.
Cargill may join top palm oil buyers Unilever and Nestle who have already said they would stop buying palm oil from Sinar Mas after Greenpeace released a report showing the planter cleared rainforests.

Trader's Highlight

DJI-NEW YORK, March 25 (Reuters) - U.S. stocks ended flat on Thursday, dropping off earlier highs as a weak U.S. bond auction and global debt concerns continued to weigh on investor sentiment.

Indexes advanced for most of the session, with the Dow and S&P hitting fresh 18 month highs, but their gains mostly disappeared after the auction of seven-year notes and comments from European Central Bank President Jean-Claude Trichet on issues surrounding Greece's sovereign debt.

The Dow Jones industrial average <.DJI> was up 5.06 points, or 0.05 percent, to end at 10,841.21. But the Standard & Poor's 500 Index <.SPX> was down 1.99 points, or 0.17 percent, at 1,165.73. And the Nasdaq Composite Index <.IXIC> was down 1.35 points, or 0.06 percent, at 2,397.41.

NYMEX-NEW YORK, March 25 (Reuters) - U.S. crude futures slid narrowly lower on Thursday, as the euro skidded late in the session against the dollar, encouraging selling in energy futures.

Gasoline and heating oil futures also fell back with crude in choppy trading, ending slightly lower.

On the New York Mercantile Exchange, May crude settled down 8 cents, or 0.1 percent, at $80.53 a barrel, trading from $80.20 to $81.40.

CBOT-CHICAGO, March 25 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.

CBOT-SOYBEANS - May down 17-1/2 cents at $9.42-1/2 per bushel. Turned lower in sympathy with corn and wheat; lack of follow-through on early rally. Export sales disappoint. May broke support at 50-day moving average of $9.53, touching of sell-stops and driving the contract below all key averages by the close.

CBOT-SOYOIL - May down 0.38 cent at 38.70 cents per lb. Following soybeans lower. USDA reported export sales of U.S. soyoil last week at 13,800 tonnes, within estimates for 5,000 to 15,000 tonnes.

FCPO-JAKARTA, March 25 (Reuters) - Malaysian palm oil futures closed higher on Thursday on firm crude oil and expectations that good exports would help reduce palm oil stock in the country.

The benchmark June crude palm oil futures on the Bursa Malaysia Derivatives Exchange closed up 15 ringgit or 0.59 percent at 2,575 per tonne. Overall trade volume was 10,656 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, March 25 (Reuters) - Most Southeast Asian stock markets posted small gains on Thursday as investors bought banks, expecting their earnings to recover along with the economy, but a downgrade of Portugal's sovereign rating made for cautious trade.

Markets finished off the day's highs in a volatile session, with Singapore <.FTSTI> up 0.07 percent, Malaysia <.KLSE> adding 0.23 percent, Indonesia <.JKSE> 0.88 percent higher and the Philippines <.PSI> up 0.14 percent.

In Kuala Lumpur, financial firm CIMB Group rose 1.6 percent and AMMB Holding gained 0.6 percent. In Bangkok, Kasikornbank rose 1.3 percent and Krung Thai Bank was up 0.9 percent.

In Singapore, United Overseas Bank was up 0.2 percent, erasing some of its early gain, while DBS Group and Oversea-Chinese Banking Corp ended in negative territory after rising earlier.

FCPO Daily: Range trading

Market continue to move in tight rangy mode and trade in between 2600 to 2528 levels. Thus, a break out of the either one may provide a clearer direction to the market. As for now, immediate upside resistance is pegged at 2600 followed by 2630-2640. While, downside support is pegged at 2545 followed by 2528-2523 (left over gap since 8/2/2010).

Breaking News-RTRS-Strike continues at key Argentine grains port

BUENOS AIRES, March 24 (Reuters) - Argentine dockworkers
continued a strike for a second day on Wednesday at two terminals
in one of the country's main grain ports, a union leader told
Reuters.
The workers have halted the loading and unloading of ships to
demand higher wages. Talk about the strike has affected soy prices
in Chicago.
Wednesday is a holiday in Argentina, and grains markets are
closed. However, dock and ports workers would normally continue
around the clock even on a holiday, the union leader said.

Breaking News-RTRS-UPDATE 1-Rapeseed output to fall by half in China drought areas

BEIJING, March 24 (Reuters) - The most serious drought in decades in China's southern provinces of Yunnan and Guizhou is expected to cut their rapeseed output by 500,000 tonnes, or about half of last year's total output, an official think-tank reported on Wednesday.
In 2009, the two areas produced 1 million tonnes of the oilseed, used to produce edible oil and feed ingredients, accounting for 7.3 percent of China's total output, said the China National Grain and Oils Information Centre (CNGOIC).

Trader's Highlight

DJI-NEW YORK, March 24 (Reuters) - U.S. stocks fell on Wednesday as Portugal's credit rating downgrade and a weak Treasury note auction stirred concerns about sovereign debt.

Major indexes eased a day after hitting 18-month highs, with losses across most sectors on light volume. Worries centered on countries' ability to pay their debt, bolstering the dollar and hurting commodity-related stocks.

The Dow Jones industrial average <.DJI> fell 52.68 points, or 0.48 percent, to close at 10,836.15. The Standard & Poor's 500 Index <.SPX> slipped 6.45 points, or 0.55 percent, to end at 1,167.72. The Nasdaq Composite Index <.IXIC> dropped 16.48 points, or 0.68 percent, to close at 2,398.76.

NYMEX-NEW YORK, March 24 (Reuters) - U.S. crude oil futures ended sharply lower on Wednesday on data showing a larger-than-expected increase in domestic crude stocks last week and as the dollar rallied on euro zone debt worries.

On the New York Mercantile Exchange May crude settled down $1.30, or 1.6 percent, at $80.61 a barrel, trading from $79.88 to $81.64.

CBOT-CHICAGO, March 24 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.

CBOT-SOYBEANS - May down 8 cents at $9.60 per bushel. Strong dollar, lower crude oil combine to weigh on soybean futures but market ended above the day's lows as May held above support at 50 day moving average at $9.53. Argentine dockworkers continued a strike for a second day on Wednesday at two terminals in one of the country's main grain ports.

CBOT-SOYOIL - May down 0.46 cent at 39.08 cents per lb. Pressure from lower soybeans, firm dollar and drop in crude oil.

FCPO-JAKARTA, March 24 (Reuters) - Malaysian palm oil futures ended down 1.2 percent on Wednesday, under pressure as weak crude oil and soyoil weighed on the market.

Concerns about lower exports for the full month of March due to the strengthening of the ringgit against the dollar, also put pressure on the prices, traders said.

Benchmark June crude palm oil futures on the Bursa Malaysia Derivatives Exchange settled down 31 ringgit, or 1.2 percent, to 2,560 ringgit per tonne.
Overall trade volume stood at 13,662 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, March 24 (Reuters) - Indonesian stocks climbed to their highest in nearly a week on Wednesday as strong bank results induced buying in the sector, while Thailand hit a 21-month high as renewed tax breaks helped property shares. Markets in the region were mostly firmer, and the Philippines <.PSI> surged to a two-year high.

But Singapore <.FTSTI> lost 0.7 percent as investors took profits across the board, a Singapore-based dealer said, with Singapore Exchange , Asia's second-largest listed bourse, down 0.5 percent and Oversea-Chinese Banking Corp , Singapore's No. 2 lender, down 0.3 percent.

In Kuala Lumpur, the index <.KLSE> was up 0.35 percent. Among actively traded stocks, financial CIMB Group was up 1.9 percent and Malayan Bank was up 0.5 percent.

NYMEX Crude Daily: Losing upward momentum

Market is losing its upward momentum following a potential formation of head and shoulder. As for now, we are looking for the upside resistance at USD83.00 to 83.16. While, downside support is pegged at USD78.57.

FCPO Daily: Facing resistance at 2600 levels

Market is still facing resistance at 2600 levels and looks may extend its consolidation phase in near term with immediate upside resistance is pegged at 2600 followed by 2630-2640. While, downside support is lies at 2545 followed by 2528-2523 (left over gap since 8/2/2010).

FKLI Daily: Likely to extend its consolidation phase

Market looks likely to extend its consolidation phase in near term. As for now, we are looking for the immediate upside resistance at 1320 followed by 1328-1337 levels. While, immediate downside support is lies at 1287.5.