Trader's Highlight

DJI-NEW YORK, May 5 (Reuters) - U.S. stocks sagged on Wednesday as more signs emerged that the fallout from the Greek debt crisis could spread to bigger European economies.

The euro hit a 14-month low as investors shunned the debt of weaker euro zone countries and jumped into safe-havens. U.S. Treasury prices and the dollar surged on fears Greece's debt problems could hinder global growth.

The Dow Jones industrial average <.DJI> dropped 58.65 points, or 0.54 percent, to 10,868.12. The Standard & Poor's 500 Index <.SPX> fell 7.73 points, or 0.66 percent, to 1,165.87. The Nasdaq Composite Index <.IXIC>lost 21.96 points, or 0.91 percent, to 2,402.29.

NYMEX-NEW YORK, May 5 (Reuters) - U.S. crude futures fell sharply on Wednesday, dropping below $80 a barrel as the euro weakened and ongoing concerns that the Greece debt crisis might spread to other euro zone countries kept investors risk adverse.

Rising U.S. inventories and demand concerns also weighed on the market after an industry group's weekly report on Tuesday showed crude supplies rose much more than expected.

On the New York Mercantile Exchange at 10 a.m. EDT (1400 GMT), June crude was down $2.85, or 3.44 percent, at $79.89 a barrel, trading from $79.15 to $82.83.

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

CBOT-SOYBEANS - July down 9 cents at $9.78 per bushel; new-crop November down 7-1/2 cents at $9.55-1/2. Pressure from unwinding of soy/corn spreads, prospects for a bumper U.S. soy crop, and pressure from a rallying dollar.

CBOT-SOYOIL - July up 0.25 cent at 38.93 cents per lb. Unwinding of meal/oil spreads supports soyoil and support from talk China may buy Brazil and/or U.S. soyoil because it is embargoing Argentine soyoil.

FCPO-JAKARTA, May 5 (Reuters) - Malaysia's palm oil futures rose on Wednesday after hitting a fresh two-week low as weaker crude oil and soy prices were offset by growing buying interest, traders said.

Benchmark July crude palm oil futures on the Bursa Malaysia Derivatives Exchange rose 15 ringgit, or 0.6 percent, to 2,530 ringgit ($816.68) per tonne. Overall volumes shot up to 18,142 lots of 25 tonnes each from the daily average of 10,000 lots.

REGIONAL EQUITIES-SINGAPORE, May 5 (Reuters) - Jakarta led the losers among Southeast Asian stock markets, dropping 3.8 percent, its biggest daily fall since December 2008, on news that its reformist finance minister is leaving her post to join the World Bank.

News of Sri Mulyani Indrawati's departure came on a day when heightened fears about Greece's debt woes spread to Asia, knocking the MSCI index of Asia ex-Japan stocks <.MIAPJ0000PUS> down by 1.9 percent.

Singapore's second largest bank OCBC recovered from early losses after it reported a 24 percent rise in first-quarter net profit, smashing analysts forecasts, but the stock finished flat.

Malaysia lost just over half a percent, led by planter Sime Darby which declined 1.5 percent.

NYMEX Crude Daily: entering into Bearish territory

Market was entering into bearish territory following prices drop sharply for consecutive 2 trading days and violated the physiological support at USD80.00. Thus, market may move sideways to lower in near term. As for now, we are looking for the immediate upside resistance at USD82.00-83.00, while downside support is lies at USD78.50-78.00.

Breaking News-RTRS-Palm oil stocks to fall, output sluggish-Oil World

HAMBURG, May 4 (Reuters) - A rise in global calendar year 2010 palm oil output will raise stocks, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
It estimated global 2010 palm oil production at 46.9 million tonnes, up 1.6 million tonnes on the year, but lagging sharply behind rises of 2.0 million tonnes in 2009 and 4.4 million tonnes in 2008.
Of the 2010 output rise, Oil World estimated only 100,000 tonnes will come from key exporter Malaysia and 1.2 million tonnes from Indonesia.

Breaking News-RTRS-Oil World raises forecast of global soybean crop

HAMBURG, May 4 (Reuters) - Hamburg-based oilseeds analysts Oil World said on Tuesday it has raised its forecast of the global 2009/10 soybean crop to 258.2 million tonnes, up 2.7 million tonnes from its previous forecast in March and up by 46.5 million tonnes from last season.
This would be above Oil World's forecast global 2009/10 soybean consumption of 234.2 million tonnes.
There was "no doubt" that world soybean supplies were now becoming excessive, it said.

Trader's Highlight

DJI-NEW YORK, May 4 (Reuters) - Investors dumped U.S. stocks on Tuesday in Wall Street's worst session in three months on the fear that even with a bailout for Greece, Europe's debt crisis could spread to other weak euro zone countries.

The sell-off echoed a wave of fear that gripped financial markets as investors fretted the crisis in Europe could derail the global economic recovery. A gauge of investor fear jumped more than 18 percent.

The Dow Jones industrial average <.DJI> lost 225.06 points, or 2.02 percent, to 10,926.77. The Standard & Poor's 500 Index <.SPX> fell 28.66 points, or 2.38 percent, to 1,173.60. The Nasdaq Composite Index <.IXIC> dropped 74.49 points, or 2.98 percent, to 2,424.25.

NYMEX-NEW YORK, May 4 (Reuters) - U.S. crude oil futures fell sharply Tuesday on the euro's tumble against the dollar amid concerns about Greece's fiscal problems spreading and expectations that inventory reports will show rising U.S. stockpiles.

Market sources also pointed to easing concerns about the leaking oil in the Gulf of Mexico disrupting production and tanker traffic in the region.

On the New York Mercantile Exchange at 10:51 a.m. EDT (1451 GMT), June crude was down $2.77, or 3.21 percent, at $83.42 a barrel, trading from $83.20 to $86.24.

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

CBOT-SOYBEANS - July up 1/2 cent per bushel at $9.87 per bushel. New-crop November down 3-1/2 at $9.63. Short-covering and strong gains in soymeal lift nearly soy as did some spillover support from a strong rally in wheat while bull-spreading weighed on deferred months. November contract also weighed down by active seeding of the U.S. soybean crop.

CBOT-SOYOIL - July down 0.33 cent per lb at 38.68. Weighed down by lower crude oil, weak soy and meal/oil spreading.

CBOT-JAKARTA, May 4 (Reuters) - Malaysian palm oil futures closed 1.53 percent lower on Tuesday, dropping for a second straight session on lower crude oil prices and a bumper soy crop in South America, traders said.

The benchmark July crude palm oil futures on the Bursa Malaysia Derivatives Exchange fell 39 ringgit, or 1.53 percent, to settle at 2,515 ringgit ($807.56) per tonne. Overall trade volume was 9,276 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, May 4 (Reuters) - Thai stocks jumped more than 4 percent on Tuesday after the government proposed early elections as part of a plan to end a two-month-old political crisis, with tourism-related shares in demand.

Anti-government protesters were considering their response to the plan for November elections and other proposals aimed at healing social divisions.

The other main Southeast Asian markets weakened, with Singapore <.FTSTI> falling 1.5 percent, as investors booked profits in banking stocks even though they were expected to report positive quarterly results this week, a Singapore-based trader said.

DBS Group fell 1.6 percent, Oversea-Chinese Banking Corp lost 1. percent and United Overseas Bank was off 2.1 percent.

Malaysia <.KLSE> was down 0.3 percent, with casino operator Genting off nearly 3 percent amid concern its Malaysian operations may come under pressure following the opening of a new casino in Singapore last month.

Malaysia <.KLSE> was down 0.3 percent, with casino operator Genting off nearly 3 percent amid concern its Malaysian operations may come under pressure following the opening of a new casino in Singapore last month.

FCPO Daily: Looks tiredness

Market looks little tiredness following prices close at the day low. Consolidation phase likely to extend in near term with immediate downside support is pegged at 2503-2497 followed by 2455. while, upside resistance is looking at 2565-2580 levels.

DJI Daily: Correction phase likely to continue

Correction phase looks is likely to continue in near term following prices tumbled further. Currently, we are looking for the immediate downside support at 10,800-10,700 levels. Violation of it may provide more room to bias downside potential. To the upside, resistance is pegged at 11,258.

FKLI Daily: Dark cloud covered

Dark cloud covered following prices touch and go at the fresh high at 1352.5 to close low. Thus, market still needed more strength to build up a concrete base. Thus, it may want to cover the left over gap at 1337.5-1334.5 levels. Next support will be looking at 1327 followed by 1320 levels. Upside resistance is looking at 1352.5.

Breaking News-RTRS-Reuters Summit-UPDATE 1-High yields boost Argentine soy outlook

BUENOS AIRES, May 3 (Reuters) - Argentina's 2009/10 soy harvest should exceed a record 54 million tonnes due to bumper yields in most areas, the president of Los Grobo, one of the country's leading agricultural companies, said on Monday.
Los Grobo provides logistical and grains storage services to farmers in Argentina, Brazil, Paraguay and Uruguay, and it also produces soy, corn and wheat on some 250,000 hectares (nearly 618,000 acres) in the region.

FCPO Daily: Tight rangy mode

Market looks to move in tight range trading in between 2520-2580 levels.

Trader's Highlight

DJI-NEW YORK, May 3 (Reuters) - U.S. stocks rose broadly on Monday, with the S&P 500 posting its best day in two months as manufacturing, consumer spending and construction data showed a more vigorous economic recovery.

The Dow Jones industrial average <.DJI> gained 143.07 points, or 1.30 percent, to 11,151.68. The Standard & Poor's 500 Index <.SPX> rose 15.55 points, or 1.31 percent, to 1,202.24. The Nasdaq Composite Index <.IXIC> climbed 37.55 points, or 1.53 percent, to 2,498.74.

NYMEX-NEW YORK, May 3 (Reuters) - U.S. crude oil futures rose on Monday, although trading was choppy, amid concerns that the oil spill in the Gulf of Mexico might disrupt imports and data showing consumer spending rose in March.

Positive technicals helped push Brent crude in London above $88 a barrel, its highest level since October 2008. On the New York Mercantile Exchange at 10:13 a.m. EDT (1413 GMT), June crude was up 55 cents, or 0.64 percent, at $86.70 a barrel, trading from $85.83 to $86.79.

CBOT-CHICAGO, May 3 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.

CBOT-SOYBEANS - July down 12-1/2 cents at $9.86-1/2 per bushel; new-crop November down 9-1/4 cents at $9.66-1/2. Firm dollar, deliveries on the May contract and a plentiful supply of soy weigh on soybean futures. Front-month contract trading at lowest level since April 19.

CBOT-SOYOIL - July up 0.08 cent at 39.01 cents per lb. Market edges higher on support from rally in crude oil.

FCPO-JAKARTA, May 3 (Reuters) - Malaysia's palm oil futures fell on Monday as players awaited fresh leads from a slew of key palm oil data, while a weaker ringgit currency was seen as unlikely to have an impact on the outlook for exports, traders said.

Benchmark July crude palm oil futures on the Bursa Malaysia Derivatives Exchange fell 4 ringgit or 0.16 percent to settle at 2,554 ringgit ($819.07) per tonne, after going as high as 2,565 ringgit. Overall volume was 10,366 lots of 25 tonnes each, in line with the daily average of 10,000 lots.

REGIONAL EQUITIES-COLOMBO, May 3 (Reuters) - Singapore shares fell on Monday while Indonesia closed weaker, after hitting a new record high, on global worries including the timing of recovery in Europe, negative sentiment after U.S. bomb threats and China's tightening move.

Singapore <.FTSTI> was down 1 percent and Indonesia <.JKSE>. Malaysia <.KLSE> closed flat. Thailand, Philippines, and Vietnam were closed on Monday for a public holiday.

Analysts said concerns over the debt crisis in Greece, the criminal probe in the U.S into Goldman Sachs and monetary tightening in China have hampered the sentiment while investors also wait for job data in the U.S. at the end of the week.

The fall in Singapore was led by a 0.5 percent loss in Oversea-Chinese Banking Corp , a 0.4 percent fall in United Overseas Bank and a 1.3 percent loss in DBS Group Holdings .

In Kuala Lumpur, the index was marginally up, led by a 2.3 percent rise in Genting Group .

FKLI Daily: in Sideways manner

Market remains in consolidation mode. Thus, market is likely to move in sideways manner. Upside resistance is maintain at 1350.5 and downside support is adjusted to 1337.5-1334.5 (left over gap on 30/4/2010).

Breaking News-RTRS-ANALYSIS-Wilmar: Asia's next Cargill in China?

SINGAPORE/KUALA LUMPUR, April 30 (Reuters) - Singapore-listed Wilmar is shaping up to become the Asian version of agribusiness giant Cargill [CARG.UL], with an expanding network of farms, food processors and shipping companies.
And it's showing its muscle where it matters most -- in China.
Wilmar's integrated China operations account for 44.7 percent of its $10.3 billion assets, allowing it to weather recent volatile food prices and now a likely yuan policy change.
The company had the most to gain when Beijing in April slapped import curbs on Argentine soyoil -- a commodity that competes with Wilmar's domestically crushed oilseeds in China and imported palm oil.

Trader's Highlight

DJI-NEW YORK, April 30 (Reuters) - U.S. stocks tumbled on Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.

U.S. prosecutors in New York began an investigation into the investment bank, a source told Reuters, raising the possibility of criminal charges two weeks after the Securities and Exchange Commission accused the bank of fraud.

The Dow Jones industrial average <.DJI> fell 158.71 points, or 1.42 percent, to 11,008.61. The Standard & Poor's 500 Index <.SPX> lost 20.09 points, or 1.66 percent, to 1,186.69. The Nasdaq Composite Index <.IXIC> dropped 50.73 points, or 2.02 percent, to 2,461.19.

NYMEX-NEW YORK, April 30 (Reuters) - U.S. crude oil futures were up nearly 1 percent on Friday, helped by upbeat first quarter U.S. economic growth data amd as the dollar fell against the euro in light of rising hopes for aid soon coming to Greece.

The U.S. economy grew at a slightly slower-than-expected pace in the first quarter, held back by inventories and exports, but resurgent consumer spending offered evidence of a sustainable recovery, a Commerce Department report showed.

On the New York Mercantile Exchange at 11:15 a.m. EDT (1515 GMT), June crude was up 76 cents, or 0.89 percent, at $85.93 a barrel, trading from $85.16 to $86.17.

CBOT-CHICAGO, April 30 (Reuters) - Chicago Board of Trade grains and soy complex close on Friday.

CBOT-SOYBEANS - July up 3 cents at $9.99 per bushel; new-crop November up 5-1/4 cents at $9.75-3/4. Support from no deliveries on the May contract as well as the weak dollar, higher crude oil and higher gold.

CBOT-SOYOIL - July down 0.22 cent at 38.93 cents per lb.

FCPO-KUALA LUMPUR, April 30 (Reuters) - Malaysian palm oil futures climbed 1.1 percent on Friday after three straight sessions of losses, although exports falling to its lowest in four months curbed gains.

Malaysian palm oil exports for April fell 13 percent to a 1,178,159 tonnes -- the lowest since December, data from cargo surveyor Intertek Testing Services showed on Friday.

The benchmark July crude palm oil contract on Bursa Malaysia Derivatives settled up 27 ringgit to 2,558 ringgit ($803.1) a tonne. Volumes dropped to 8,315 lots of 25 tonnes each from the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, April 30 (Reuters) - Most Southeast Asian stock markets gained on Friday, helped by good results and accelerating economic growth in the region, with energy shares pushing Thai stocks higher despite the political crisis.

Signs the U.S. economy is picking up steam helped ease some worries about the global economy, even with the worries over sovereign debt in Greece and elsewhere in Europe.

Singapore <.FTSTI> was up 0.5 percent and Malaysia <.KLSE> rose 0.8 percent amid expectations of strong trade data next week, when pricing of nursing school Masterskill Education's $240 million IPO on Wednesday will provide a gauge of market appetite.

In Singapore, Oversea-Chinese Banking Corp gained 1.3 percent and United Overseas Bank was up 0.8 percent ahead of their earnings next week.

In Kuala Lumpur, Axiata rose 3.2 percent after it swung to a profit in the first quarter while technology stock Notion Vtec was up 0.9 percent after it posted strong quarterly earnings.

FCPO Weekly: in Sideways channel

Market continue to move in sideways channel and we continue to look for the upside resistance at 2722-2726 while downside support lies at 2450-2400 levels. Violation of either way may provide a clearer direction to market.

FKLI Weekly: Holding its upward posture

Nothing much changes on the immediate weekly technical landscape as we maintain positive view towards the near term market. Upside resistance maintain at 1350.5 and downside support still pegged at 1310-1300.

Breaking News-RTRS-UPDATE 4-Argentine refinery workers threaten strike over pay

BUENOS AIRES, April 29 (Reuters) - The Argentine government struggled on Thursday to broker a deal between oil companies and refinery workers to avert a pay strike that threatens to halt fuel production.
As talks resumed late on Thursday, workers prepared for a possible strike that could spark fuel shortages, disrupting the harvest of corn and a record-large soybean crop in one of the world's top grain-exporting nations.
Officials from two energy companies, who asked not to be identified, expressed confidence that an agreement was close, but union leaders said the two sides were still far apart.

Breaking News-RTRS-US soy oil stocks 3.257 bln lbs in March - Census

WASHINGTON, April 29 (Reuters) - U.S. soybean oil stocks totaled 3.257 billion lbs in March, compared to 3.287 billion lbs in February, the U.S. Census Bureau said on Thursday.

Trader's Highlight

DJI-NEW YORK, April 29 (Reuters) - Global markets staged a relief rally on Thursday as Greece's move to enact severe austerity measures to secure an aid package eased fears that the debt crisis will spread across Europe, boosting the euro and fueling the biggest jump in equities since early March.

Risk premiums eased and oil prices rose above $85 a barrel as a potential resolution of Greece's persistent debt problems appeared within grasp. Officials from the European Union, European Central Bank and International Monetary Fund were in Athens to negotiate the bailout and wrap up a deal within days.

The Dow Jones industrial average <.DJI> gained 122.05 points, or 1.10 percent, to 11,167.32. The Standard & Poor's 500 Index <.SPX> rose 15.42 points, or 1.29 percent, to 1,206.78. The Nasdaq Composite Index <.IXIC> added 40.19 points, or 1.63 percent, to 2,511.92.

NYMEX-NEW YORK, April 29 (Reuters) - U.S. crude oil futures ended higher for a second day in a row on Thursday as risk appetite sharpened after the euro gained against the dollar on fresh hopes that financial aid to debt-strapped Greece would become available soon.

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

CBOT-SOYBEANS - May up 3 cents at $9.85-3/4 per bushel; new-crop November up 5 cents at $9.70-1/2. Spillover support from gains in corn and strong number for soy in USDA's weekly export sales report. Weak dollar and higher crude oil also supportive.

CBOT-SOYOIL - May up 0.26 cent at 38.80 cents per lb. Support from higher crude oil and unwinding of meal/oil spreads.

FCPO-KUALA LUMPUR, April 29 (Reuters) - Malaysia palm oil futures extended losses for a third session on Thursday as traders booked profits in tandem with weaker commodity markets.

The benchmark July palm oil contract on Bursa Malaysia Derivatives dropped 0.6 percent, or 16 ringgit, to 2,531 ringgit ($787.2) a tonne. Overall traded volume was 13,894 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, April 29 (Reuters) - Southeast Asian stock markets rose on Thursday after positive Federal Reserve comments on the
U.S. economy, with bullish earnings views also helping.

Major markets in the region turned higher after losses in the previous two sessions caused by concern about the fiscal crises in some euro zone countries.

Singapore <.FTSTI> rose 0.9 percent, after hitting four-week lows on Wednesday, Indonesia <.JKSE> gained 0.8 percent while Malaysia <.KLSE>, Thailand <.SETI>, the Philippines <.PSI> and Vietnam <.VNI> posted smaller gains.

In Singapore, casino operator Genting Singapore shot up 8.7 percent as its casino continued to attract crowds despite the opening of a rival venue by operator Las Vegas Sands .

In Kuala Lumpur, buying continued in banks with Malayan Banking up 0.4 percent and RHB Capital up 1 percent.

Construction steel firm Ann Joo Resources rose 1.4 percent to 2.89 ringgit after it reported favourable first-quarter earnings and CIMB Investment Bank raised its target price to 3.30 ringgit.

NYMEX Crude Daily: Found some support at USD80.50-81.00

Market looks has found some support at around USD80.50-81.00 and rebounded to test the immediate upside resistance at USD85.63. Thus, market may consolidate and move in the range of USD86.40-87.00 to USD80.50. Violation of either way may provide a more clearer direction.