Breaking News-RTRS-Malaysia's Dec palm oil stocks surge 15.7 pct-MPOB

RTRS-MALAYSIA'S DEC PALM OIL OUTPUT -4.73 PCT FROM NOV - MPOB
RTRS-MALAYSIA'S DEC END-STOCKS UP 15.72 PCT FROM NOV - MPOB
RTRS-MALAYSIA'S DEC PALM OIL EXPORTS DOWN 19.47 PCT FROM NOV - MPOB

Trader's Highlight

DJI-NEW YORK, Jan 11 (Reuters) - U.S. industrial shares lifted the Dow and the S&P 500 on Monday to new 15-month highs after China bolstered expectations the world economy would strengthen, but Nasdaq fell on profit-taking in tech stocks.

China reported record imports of some commodities and stronger-than-expected exports, boosting U.S. companies with large international operations like construction machinery maker Caterpillar Inc

The Dow Jones industrial average <.DJI> gained 45.80 points, or 0.43 percent, to 10,663.99. The Standard & Poor's 500 Index <.SPX> rose 2.00 points, or 0.17 percent, to 1,146.98. The Nasdaq Composite Index <.IXIC> fell 4.76 points, or 0.21 percent, to 2,312.41.

NYMEX-NEW YORK, Jan 11 (Reuters) - U.S. crude oil futures ended lower on Monday as forecasters called for milder U.S. weather ahead, after the recent freeze.Resistance stiffened near $84, prompting a selloff by market bears.

On the New York Mercantile Exchange, February crude settled down 23 cents, or 0.28 percent, at $82.52 a barrel, trading from $82.05 to $83.95, highest since the $84.83 intraday high was struck on Oct. 14, 2008.

CBOT-SOYBEANS - January down 11-1/4 cents at $10.01-3/4 a bushel, March down 11-1/2 at $10.10-1/2.

Bellwether March fell to a two-week low on prospects for large South American crops and weaker crude oil prices. Expectations for a big soy number in Tuesday's USDA crop production report also weighs.

CBOT-SOYOIL - January down 0.34 cent at 39.19 cents per lb; March down 0.36 cent at 39.55 cents. Following soybeans and crude oil lower.

FCPO-JAKARTA, Jan 11 (Reuters) - Malaysian crude palm oil futures closed lower on Monday dragged down by bigger-than-expected stock levels in December, and weaker exports in the first ten days of January, traders said.

The benchmark March contract on the Bursa Malaysia Derivatives Exchange settled down 41 ringgit, or 1.6 percent, at 2,585 ringgit ($775.11). Overall volume was more than double at 24,564 lots of 25 tonnes each.

Malaysia's December palm oil stocks rose 15.7 percent to 2,238,717 tonnes from a revised 1,934,613 tonnes in November, industry regulator Malaysian Palm Oil Board (MPOB) said on Monday.

REGIONAL EQUITIES-BANGKOK, Jan 11 (Reuters) - Singapore stocks climbed to
17-month highs on Monday as optimism about economic recovery bolstered sentiment around the region, and Thai stocks advanced more than 1 percent, with energy shares leading the way.

Singapore's Straits Times Index <.FTSTI> rose 0.4 percent to its highest level since July 31, 2008, with palm plantation stock Golden Agri and shipper Neptune Orient Lines both surging almost 7 percent.

Malaysia's index <.KLSE> edged up 0.1 percent, with financial firm CIMB Group and Maxis up about 1 percent.

Top Glove Corp gained 2.3 percent as it expected global demand for rubber gloves to grow by about 8-10 percent this year as the H1N1 flu pandemic triggered a new health awareness.

FCPO Daily: Into correction mode

Market losing ground further with printed a long black candle following prices violated the immediate support at 2600-2580 levels. Bulls looks likely to take a breathe after the recent run up. Thus, we may enter into correction mode in near term. As for now, we are looking for the immediate upside resistance at 2667-2675 (gap left over on 7/1/2010). To the downside, immediate support is lies at 2540-2535 followed by 2500-2480 levels.

Trader's Highlights

DJI - NEW YORK, Jan 8 - U.S. stocks rose on Friday after trading in the red most of the day as investors concluded weak December jobs data wouldn't interrupt a trend of steady economic recovery.

The Dow Jones industrial average rose 11.33 points, or 0.11 percent, at 10,618.19. The Standard & Poor's 500 Index climbed 3.29 points, or 0.29 percent, at 1,144.98. The
Nasdaq Composite Index added 17.12 points, or 0.74 percent, at 2,317.17.

NYMEX - NEW YORK, Jan 8 - U.S. crude oil futures ended up on Friday as gasoline futures surged after a fire at a Canadian refinery that ships products to the New York Harbor trumped worries on the job front.

On the New York Mercantile Exchange, February crude settled up 9 cents, or 0.11 percent, at $82.75 a barrel, trading from $81.80 to $83.47, short of Wednesday's near 15-month high of $83.52. Prices are up $1.24, or 1.52 percent, from a week ago.

CBOT - SOYBEANS - January down 4-3/4 cents at $10.13 a bushel; most-active March down 4 at $10.22. Good crop weather and record-large soy crop prospects in South America weigh on soybean futures, along with concern about a potential slowdown in Chinese buying of U.S. soy.

CBOT - SOYOIL - January down 0.46 cent at 39.53 cents per lb; March down 0.45 at 39.91 cents. Following soybeans, with downturn in crude oil market adding pressure.

FCPO - JAKARTA, Jan 8 - Malaysian crude palm oil futures ended 0.2 percent lower on Friday, but regained most of the day's earlier losses on late position squaring amid caution ahead of stock data due out Monday, traders said.

The market was under pressure initially on follow-through selling over fears that China's move to tighten liquidity could hit demand for the tropical oil and on talk of higher palm oil stocks in December.

The benchmark March contract on the Bursa Malaysia Derivatives Exchange settled down 4 ringgit at 2,626 ringgit ($778.07), after going as low as 2,590 ringgit. Overall volume was double the usual at 20,115 lots of 25 tonnes each.

REGIONAL EQUITIES - BANGKOK, Jan 8 - Most Southeast Asian stock markets were narrowly higher on Friday, with Singapore, Indonesia and hailand leading the way as investors piled into agricultural firms and exporters due to optimism about the global recovery.

Singapore's Straits Times Index added 0.27 percent, recovering from Thursday's drop to stay around 17-month highs, while Indonesia rallied after a two-day fall, rising 1.06 percent and hovering near its highest in 22 months.

Thai stocks advanced 0.59 percent, having hit a one-week high in early trade, boosted by demand for exporters such as chicken exporter Charoen Pokphand Foods, which rose 2.65 percent.

Malaysian shares ended up 0.12 percent, but Philippine shares inched 0.02 percent lower and Vietnam hit a near-one-week low, falling 2.33 percent.

Breaking News-RTRS-US soy oil stocks 2.904 bln lbs in November - Census

WASHINGTON, Jan 7 (Reuters) - U.S. soybean oil stocks totaled 2.904
billion lbs in November, compared to 2.713 billion lbs in October, the U.S.
Census Bureau said Thursday.

Breaking News-RTRS-WRAPUP 2-China c.bank surprises with yield hike, stocks tumble

SHANGHAI, Jan 7 (Reuters) - China's central bank surprised markets on Thursday by raising the interest rate on its three-month bills for the first time since August, intensifying its grip on liquidity a day after it promised to keep credit growth in check.

While analysts said the move was just a withdrawal of surplus cash in the system, markets feared the worst, taking it as a sign the central bank could be getting ready to use more forceful measures to cool growth and fight inflation, such as raising benchmark lending rates.

Trader's Highlight

DJI-NEW YORK, Jan 7 (Reuters) - U.S. stocks closed mostly higher after a late session push on Thursday while the U.S. dollar benefited from weak euro-zone data and comments from Japan's new finance minister that he wants a weaker yen.

The small move up in U.S. share prices pushed the Dow Jones industrial average and Standard & Poor's 500 stock indexes to fresh 15-month highs. The Nasdaq Composite Index just missed the plus column.

NYMEX-NEW YORK, Jan 7 (Reuters) - U.S. crude futures ended lower for the first time in 11 trading sessions on Thursday on worries about China's demand growth and a stronger dollar, but frigid Northern Hemisphere weather helped limit losses.

China's central bank surprised markets by raising the interest rate on its three-month bills for the first time since August. Markets took the move as a sign the central bank could be getting ready to use more forceful measures to cool growth and fight inflation.

On the New York Mercantile Exchange, February crude settled down 52 cents, or 0.63 percent, at $82.66 a barrel, trading from $82.26 to $83.36. Prices hit an intraday peak of $83.52 on Wednesday, the highest since October, 2008. In 10 days to Wednesday, front-month crude gained $10.71, or 14.8 percent

CBOT-CHICAGO, Jan 7 (Reuters) - Chicago Board of Trade grains and soy complex close on Thursday.
NOTE: China's interest rate hike seen as a move to cool growth and fight inflation, which would be bearish for commodities.

CBOT-SOYBEANS - January down 32-3/4 cents at $10.17-3/4 per bushel,most-active March down 33 at $10.26. Concern about a possible slowdown in U.S. soy exports to China after news China increasing interest rates to slow growth.

CBOT-SOYOIL - January down 0.68 cent at 39.99 cents per lb; March down 0.71 at 40.36 cents. Following soybeans lower.

FCPO-KUALA LUMPUR, Jan 7 (Reuters) - Malaysian crude palm oil futures fell 2.7 percent to one-week lows on Thursday as China's move to tighten liquidity triggered
profit-taking in global vegetable oil markets.

Crude oil easing below $83 a barrel and expectations of higher production in soy-growing regions in South America also weighed on palm oil as well as soyoil markets in the United States and China.

REGIONAL EQUITIES-BANGKOK, Jan 7 (Reuters) - Most Southeast Asian stock markets
ended lower on Thursday, with Singapore's index heavyweights surrendering recent gains, but the Manila index gained thanks to a rise in Philippine Long Distance Telephone Co.

Singapore's index <.FTSTI> closed down 0.6 percent, pulling back from a 17-month peak, led by a 2.3 percent loss in Singapore Telecommunications . CapitaLand , Southeast Asia's biggest developer, fell 0.7 percent.

Malaysia <.KLSE> eased 0.1 percent, ending four days of gains.

FCPO Daily: Correction may take place

Correction may taking place following market gap down to end sharply lower. Nevertheless, immediate daily technical landscape remains positive. Thus, we maintain our view sideways to higher in near term. Immediate upside resistance is pegged at 2726 followed by 2730-2760 levels. To the downside, support is lies at 2600-2580 levels.

Breaking News-RTRS-POLL-Malaysia's December palm stocks seen unchanged

RTRS-MALAYSIA'S END-DEC PALM OIL STOCKS SEEN FLAT AT 1.93 MLN TONNES VS NOV -REUTERS POLL
RTRS-MALAYSIA'S DEC PALM OIL OUTPUT SEEN DOWN 10 PCT FROM NOV - POLL
RTRS-MALAYSIA'S DEC PALM OIL EXPORTS SEEN DOWN 14 PCT FROM NOV

Breaking News-RTRS-China introduces licence for soy imports, Dalian up

BEIJING, Jan 6 (Reuters) - China has introduced an automatic import licence system for soybeans, requiring importers to apply for licences from China's Commerce Ministry, a move that soy traders said could cause a minor disruption of trade.

The Commerce Ministry issued a statement last month, adding soybean and rapeseed from Jan. 1 to a list of farm products requiring such licences that already includes soyoil and chicken.

Trader's Highlight

DJI-NEW YORK, Jan 6 (Reuters) - The Dow and S&P 500 inched higher, while the Nasdaq dipped on Wednesday after Federal Reserve officials said they were still worried about labor market weakness and a report on the services sector showed only slight improvement in the economy.

Cautious minutes from the Fed's last meeting, as well as the ISM services report, which showed the sector hovering on the cusp of expansion, came after a number of data points helped lift stocks earlier this week to their highest closing levels in more than a year.

NYMEX-NEW YORK, Jan 6 (Reuters) - U.S. crude oil futures ended above $83 a barrel on Wednesday, extending a rally to a 10th trading session, as the dollar weakened and despite government data showing a surprise increase in crude stockpiles last
week.

On the New York Mercantile Exchange, February crude settled up $1.41, or 1.72 percent, at $83.18 a barrel, the highest close since Oct. 9, 2008's $86.59. It traded from $80.85 to $83.52, the highest since the intraday high of $84.83 on Oct. 14, 2008.

CBOT-CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade grains and soy complex close on Wednesday.

CBOT-SOYBEANS - January down 1-3/4 cents at $10.50-1/2 per bushel, most-active March down 2 at $10.59. Pressured by prospects for bumper South American soy crops, and news of China introducing soy import licenses.

CBOT-SOYOIL - January down 0.04 at 40.67 cents per lb, March down 0.03 at 41.07 cents. Following soybeans lower.

FCPO-KUALA LUMPUR, Jan 6 (Reuters) - Malaysian crude palm oil futures rose as much as 1.6 percent on Wednesday to a fresh seven-month high on steady crude oil and soyoil markets.

Expectations of China stockpiling ahead of the Lunar New Year due in mid-February also helped to boost palm oil prices, which posted their best annual gains in a decade last year.

The benchmark March contract on the Bursa Malaysia Derivatives Exchange gained 44 ringgit to hit 2,726 Malaysian ringgit ($805.3), a level unseen since May 15 last year, before settling up 20 ringgit at 2,702 ringgit.

REGIONAL EQUITIES-BANGKOK, Jan 6 (Reuters) - Southeast Asian stock markets rose on Wednesday as growing confidence about the global economy lured investors to riskier assets, sending Singapore and Malaysia to their highest levels since mid-2008.

Singapore's Straits Times Index <.FTSTI> rose 0.4 percent, coming off its highest level since July 31, 2008, with palm oil planter Golden Agri-Resources Ltd closing up 6.5 percent at a 17-month high.

In Kuala Lumpur, shares <.KLSE> rose for a second day, hitting their highest level since May 20, 2008, before closing up 0.4 percent. Financials led the way, with AMMB Holdings Bhd , the country's fifth-largest bank, rising 0.4 percent and CIMB 2 percent higher.

NYMEX Crude Daily: USD82.00 violated

A convincing breakout from the recent high at USD82.00 had strengthen further the upward momentum. Hence, more room to bias upside potential with upside target is looking at USD85.00 to 90.00. Downside support is adjusted to USD80.00.

FCPO Daily: May challenge 2800 levels.

Market is getting closer to challenge the 2800 levels following prices manage to stay above at 2700 levels. Thus as for now, immediate upside resistance is pegged at 2730-2760 followed by 2800 levels. To the downside, support is lies at 2665-2675 followed by 2600-2580 levels.

Breaking News- RTRS-China's orders for U.S. soy seen as overexuberant

BEIJING, Jan 5 (Reuters) - Exuberant U.S. soy shipments to China could collapse in the face of waning demand and strong supply and some buyers could cancel orders in the next few months, traders said on Tuesday.

After China booked an unprecedented 20 million tonnes of soy from the United States in the current marketing year, or 70 percent more than last year , sellers are counting on an even stronger Chinese appetite this year, with the worst of the financial crisis widely thought to have passed.

Breaking News- RTRS-Argentine soybean crop outlook improves -Oil World

HAMBURG, Jan 5 (Reuters) - Better weather has improved prospects for Argentina's soybean crop in early 2010 although the final harvest outcome is still unclear, Hamburg-based oilseeds analysts Oil World said on Tuesday.

Trader's Highlight

DJI-NEW YORK, Jan 5 (Reuters) - The S&P 500 and the Nasdaq rose on Tuesday as better-than-expected factory orders and a surge in vehicle sales at Ford Motor Co provided more evidence of an economic recovery.

But a big decline in pending home sales, which fell in November for the first time in nine months, increased concerns about the housing market. That capped the broad market's gains and pushed the Dow industrials into the red a day after all three major U.S. stock indexes rose to their highest levels in over a year.

NYMEX-NEW YORK, Jan 5 (Reuters) - U.S. crude oil futures fell back in post-settlement trading on Tuesday after industry data showed a surprise increase in distillate stocks overall, even though heating oil supplies fell.

Crude inventories declined more than expected, data from the American Petroleum Institute showed, but traders had been focusing on distillates for guidance.

On the New York Mercantile Exchange at 5:10 p.m. EST(2210 GMT) February crude was down 13 cents, or 0.16 percebt, at $81.38 a barrel. It had settled up 26 cents, or 0.32 percent, at $81.77, the highest since the $86.59 close on Oct. 9, 2008. It traded from $80.95 to $82, matching the 2009 peak hit on Oct. 21, which was the highest since intraday prices hit $84.83 on Oct. 14, 2008.

CBOT-CHICAGO, Jan 5 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.

CBOT-SOYBEANS - January up 2-3/4 cents at $10.52-1/4 a bushel. March up 3 at $10.61. Choppy, market fluctuated between positive and negative territory in rangebound trade.

CBOT-SOYOIL - January down 0.19 cent at 40.71 cents per lb. March down 0.19 at 41.10. Meal/oil spreading weighs.

FCPO-KUALA LUMPUR, Jan 5 (Reuters) - Malaysian crude palm oil futures ended higher on Tuesday, off 7-month highs hit earlier in the session as investors booked profits on a rally boosted by crude oil and expectations of strong demand.

The weaker dollar also boosted market sentiment, as investors favoured commodity and equity plays over the greenback on signs the U.S. economy would start to recover.

REGIONAL EQUITIES-BANGKOK, Jan 5 (Reuters) - Most Southeast Asian stock markets rose on Tuesday, with Malaysia hitting a 19-1/2-month high and Singapore testing 17-month peak as blue chips recouped recent losses, from Indonesia's Bumi Resources to Singapore's Wilmar.

Singapore's index <.FTSTI> ended up 0.9 percent after hitting its highest level in 17 months, with CapitaLand rising 1.9 percent and Keppel Corp , the world's largest rig maker, 1.3 percent higher.

Malaysia <.KLSE> leapt 1 percent after testing its highest level since May 20, 2008, as Sime Darby edged up 2.4 percent, in line with higher palm oil prices.

NYMEX Crude Daily: Shies Away

Market shies away after tested the recent high at USD82.00. Immediate technical outlook remains positive while waiting for a convincing breakout. Next resistance will be looking at USD85.00 to 90.00. Downside support remains at USD79.00.

FCPO Daily: Facing some resistance at 2700 levels.

Market looks has facing some resistance at 2700 levels following 2nd attempts trying to break through it but failed to stay firm. However, immediate technical landscape remains in positive posture. Thus, we maintain sideways to higher in near term with upside resistance pegged at 2730-2760 followed by 2800 levels. To the downside, support is lies at 2600-2580 levels.

FKLI Daily: Bulls charged higher

Bulls continue to charge higher following a convincing breakout from the overhead resistance at 1286 levels. As for now, we continue to look for the upside resistance at 1295-1310 levels. Downside support is remains pegged at 1274-1272 (gap left over on 4/1/2010).

Trader's Highlight

DJI-NEW YORK, Jan 4 (Reuters) - U.S. stocks climbed broadly on Monday after a report showed the manufacturing sector expanded for a fifth straight month, lifting confidence in the global economy as investors eye fourth quarter earnings.

The rally, which marked the first trading day of 2010, drove both the Dow and the S&P 500 to their highest closes in 15 months, while the Nasdaq ended at a 16-month high.

NYMEX-NEW YORK, Jan 4 (Reuters) - U.S. crude oil futures rose on Monday for the eighth day in a row, as cold weather was seen boosting heating demand, Russia and Belarus feuded over oil pricing and signs of manufacturing strength fed hopes for more energy demand. The weaker dollar also helped lift oil prices to start the
new year.

On the New York Mercantile Exchange, February crude settled up $2.15, or 2.71 percent, at $81.51 a barrel, the highest settlement since Oct. 9, 2008's $86.59. It traded from $79.63 to $81.68, the highest since prices hit an intraday
peak of $81.78 on Oct. 23, 2009.

CBOT-CHICAGO, Jan 4 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.

CBOT-SOYBEANS - January up 9-3/4 cents at $10.49-1/2 a bushel; March up 9-1/2 at $10.58. Weak dollar, higher crude oil and gold give support to soy in addition to continued buying of U.S. soy by China. Soy rallies to highest spot price since Dec. 16, but profit-taking pushes market off day's highs.

CBOT-SOYOIL - January up 0.55 cent at 40.90 cents per lb; March up 0.51 at 41.29 cents. Following soybeans with weak dollar and firm crude oil lending support.

FCPO-KUALA LUMPUR, Jan 4 (Reuters) - Malaysian crude palm oil futures rose 0.6 percent on Monday, propelled by crude oil's advance to $81 a barrel and expectations of strong food demand in the first quarter of this year.

Palm oil prices extended gains on the first trading day of 2010 after posting their largest annual climb in more than a decade last year and traders say festival demand from China will boost the market further.

REGIONAL EQUITIES-BANGKOK, Jan 4 (Reuters) - Stock markets in Singapore,
Thailand and the Philippines fell on the first trading day of
2010, but optimism over the global economy encouraged buying of
blue chips in Indonesia and Malaysia.

Singapore's benchmark stock index <.FTSTI> ended 2009 at its
highest level in 17 months but retreated 0.11 percent on Monday
after weaker-than-expected fourth-quarter GDP.

Malaysia's main index <.KLSE>, the region's worst performer,
rose 0.23 percent to a six-week high, pushed up by buying of palm
plantation firm Sime Darby Bhd and second-largest
lender CIMB Group .