Breaking News- RTRS-US soybean crush 107.379 mln bu in September-NOPA

U.S. SEPT SOYBEAN CRUSHINGS 107.379 MLN BU VS AUG 112.617 MLN--NOPA
U.S. SEPT SOYMEAL EXPORTS 328,768 TONS VS AUG 260,829 TONS--NOPA
U.S. SEPT SOYOIL STOCKS 2.262 BLN LBS VS AUG 2.520 BLN--NOPA

FCPO Daily: Still facing tough resistance at 2200 levels.

Market still facing tough resistance at 2200 levels following prices still not manage to break through. However, immediate daily technical outlook remains positive despite prices losing ground for consecutive two trading days. We maintain our view sideways to higher in near term market with upside target maintain at 2200-2240 levels. Meanwhile, downside support is maintain at 2118-2085 (gap left over on 12/10/2009)

NYMEX Crude: Rally likely to continue

Market breached the overhead resistance at USD75 and close firm had strengthen further the overall immediate technical landscape to bias upside potential. Thus, market may want to challenge the next upside target at USD77.00 to 78.80. While, downside support is pegged at USD73.00 to USD70.00.

DJI Daily: 10,000 violated, more upside room to come

Glad to see that market manage to stay firm at the overhead resistance at 10,000 mark. Hence, market may want to challenge 10,300 levels in near term with maintain the current upward spirit. While, downside support is pegged at 9,800-9600 levels.

FKLI Daily: Bulls won the battle

Cheers...as bulls continue won the battle following 1250 levels was violated convincingly. Thus, we are now looking for the upside target at 1270-1280 in near term. Downside support is adjusted to 1220-1210.

Trader's Comment: Lack of follow through buying set prices to end at day low

CPO futures finishes off the high after setting intra-day high in late trading but it ended and settled at day low on lack of follow through buying interest. Earlier market was trading in a tight range between 2177 to 2165 through out most of the day before late covering activities emerged and pushed benchmark Dec09 prices surged to intra-day high at 2196. However, lack of follow through buying coupled with intra-day profit taking brought prices down to settle RM 3 higher at 2160. Recently, FCPO prices rallies were due to NYMEX crude oil prices which has been steadily trade between USD70.00 to USd75.00 per barrel and higher soyoil prices.

Breaking News- RTRS--China soy buyers focus on new South American crops

BEIJING, Oct 13 (Reuters) - Chinese soybean importers have shifted their buying interest temporarily away from the U.S. soy crop and bought about 13 South American soy cargoes over recent days, traders said on Tuesday.
Chinese crushers still need to buy U.S. soy crop for December and January shipments, but rising Chicago Board of Trade prices <0#S:> have prompted some to hold off.

Breaking News- RTRS-China to issue 2010 quotas for wheat, corn, rice and cotton

BEIJING, Oct 13 (Reuters) - China will issue low-tariff grain import quotas for 2010, including wheat, cotton, corn and rice, as part of its World Trade Organisation joining commitments.
The quota levels remain unchanged from this year, according the National Development and Reform Commission.
The quota for wheat is set at 9.64 million tonnes and for corn at 7.2 million tonnes, of which 90 percent of the wheat quota will go to state-owned companies while 60 percent of the corn quota is allocated for state companies.
The quota for rice is set at 5.32 million tonnes and for cotton at 894,000 tonnes for imports under low tariffs for 2010, the commission said in a document posted on its website (www.ndrc.gov.cn).

Breaking News- RTRS-NOPA September U.S. soy crush seen at 113 mln bu

CHICAGO, Oct 13 (Reuters) - National Oilseed Processors Association monthly crush data to be issued early on Wednesday should show a September U.S. soybean crush at 113 million bushels, analysts said on Tuesday.
Trade estimates ranged from 110 million to 115 million bushels, compared with NOPA's August soy crush figure of 112.617 million bushels.
Analysts' expected NOPA to lower its soyoil stocks figure by about 150 million to 200 million lbs, from its August stocks figure of 2.520 billion lbs.

Trader's Highlight

DJI-NEW YORK, Oct 13 (Reuters) - U.S. stocks weakened on Tuesday as disappointing sales from Johnson & Johnson stirred jitters about the strength of earnings, snapping the S&P 500's six-day winning streak.

Financial shares were pressured, with several major banks reporting results this week. Goldman Sachs Group Inc fell 1.5 percent to $187.23 after influential banking analyst Meredith Whitney downgraded the stock, saying the upside could be limited for the company in the medium term.

The Dow Jones industrial average <.DJI> declined 14.74 points, or 0.15 percent, to end at 9,871.06. The Standard & Poor's 500 Index <.SPX> slipped 3.00 points, or 0.28 percent, to 1,073.19. But the Nasdaq Composite Index <.IXIC> inched up just 0.75 of a point, or 0.04 percent, to 2,139.89.

NYMEX-NEW YORK, Oct 13 (Reuters) - U.S. crude oil futures ended higher for the fourth straight day on Tuesday, as a brighter demand forecast from OPEC and a weakened dollar supported the market.

The front-month November contract, which hit a seven-week high, now faces resistance at $75 a barrel, the year's intraday peak hit on Aug. 25, traders said.

On the New York Mercantile Exchange, November crude settled up 88 cents, or 1.2 percent, $74.15 a barrel, the highest settlement since Aug. 24's $74.37.

NYMEX November crude traded from $72.83 to $74.47, the highest since front-month crude hit the year's high of $75 on Aug. 25, which was the highest intraday price since $75.69 was reached on Oct. 21, 2008. NYMEX November crude oil options expire on Thursday.

CBOT-SOYBEANS - November down 6 cents at $9.93 a bushel. Some outlooks for better U.S. soy harvest weather and profit-taking after Monday's rally to six-week high weighs on soybean futures.

CBOT-SOYOIL - October down 0.44 cent per lb at 35.86; December down 0.49 cent at 36.06. Spillover selling pressure from declines in soy.

FCPO-KUALA LUMPUR, Oct 13 (Reuters) - Malaysian palm oil futures ended 0.5 percent higher on Tuesday, easing from more than two-week highs hit earlier on profit-taking, although a crude oil rally and recovering exports kept sentiment up.

The benchmark December contract on the Bursa Malaysia Derivatives Exchange rose as much as 31 ringgit to 2,178 ringgit ($642.5) a tonne, a level unseen since Sept. 25, before settling up 10 ringgit at 2,157 ringgit by the close.

REGIONAL EQUITIES-BANGKOK, Oct 12 (Reuters) - Singapore stocks climbed to their
highest in almost two weeks on Monday after surprisingly third quarter economic growth sprked buying in banking shares, the Thai index scaled a fresh 15-month high.

Singapore's benchmark Straits Times Index <.FTSTI> ended up 1.1 percent at its highest level since Sept. 30, with DBS Group , Southeast Asia's biggest lender, up 0.8 percent, after the central bank announced no change in its monetary policy stance and better-than-expected GDP growth in the third quarter.

Malaysia <.KLSE> inched down 0.04 percent, after a three-day rise, Indonesia <.JKSE> fell for a fourth day, sliding 0.7 percent while the Philippines <.PSI> lost 0.4 percent, adding on a 0.9 percent decrease on Friday.

In Kuala Lumpur, palm plantation firm IOI Corp was down 0.4 percent, erasing some early losses after Moody's Investors Service changed the outlook of IOI Corp to stable from negative.

FCPO Daily: May challenge again 2180-2240 levels

Tough resistance was seen at around 2180-2240 levels as prices still failed to pass through. Nevertheless, immediate daily technical outlook has been improved a little since the recent sharp rebound. Thus, market may continue to move sideways to bias upside potential in near term. Meanwhile, downside support is maintain at 2118-2085 (gap left over on 12/10/2009)

NYMEX Crude Daily: Eyeing USD75!!

Market is getting closer to the upside target at USD75. Violation of it may provide more room to bias upside potential in near term market. Downside support is adjusted to USD70-68.

FKLI Daily: Holding ground

Market was holding ground after hit the fresh high at 1243. We maintain positive view towards the near term market with upside target is looking at 1250. So far, there is still no sign of turning weak unless market break down from the downside support at 1200 levels.

Breaking News-RTRS-UPDATE 1-China pledges to stockpile new corn, soybean crops

BEIJING, Oct 12 (Reuters) - China pledged on Monday to extend its controversial soybean and corn stockpiling scheme into the new crop year, moving to protect farmers' interests and ensure supply at the risk of inflating imports for a second year running.
The government did not say at what prices it will stockpile soybeans, but last year's scheme has been critised by traders as the purchases at higher-than-market prices led to a boom in cheap imports. The new crop harvest is due to begin within weeks.

Trader's Highlight

DJI-NEW YORK, Oct 12 (Reuters) - Oil and other commodity prices rose on Monday on renewed optimism over the pace of economic recovery and a weak U.S. dollar, which helped lift the benchmark S&P 500 Index to its highest close in a year.

The Dow Jones industrial average <.DJI> closed up 20.86 points, or 0.21 percent, at 9,885.80. The Standard & Poor's 500 Index <.SPX> added 4.70 points, or 0.44 percent, at 1,076.19. The Nasdaq Composite Index <.IXIC> slipped 0.14 points, or 0.01 percent, at 2,139.14.

NYMEX-NEW YORK, Oct 12 (Reuters) - U.S. crude oil futures ended at a seven-week high on Monday, rising for a third day in a row as a weak dollar attracted buyers. Cooler temperatures and optimism about an economic recovery
added support.

On the New York Mercantile Exchange, November crude closed up $1.50, or 2.09 percent, at $73.27 a barrel, the highest settlement since Aug. 24's $74.37. It traded from $72.05 to $73.84, the highest since the intraday high of $75 on Aug. 25, which was the year's high and highest since the intraday prices hit $75.69 on Oct. 21, 2008.

CBOT-SOYBEANS - November up 35 cents at $9.99 a bushel. Slow U.S. harvest this week due to rain and snow combined with a freeze over the weekend that likely harmed some of the immature U.S. crop lifted soybean futures. Added strength from lower dollar, higher crude oil and gains in equities. Nearby contract reaches $10.00-3/4, highest level since Sept. 3.

CBOT-SOYOIL - October up 1.39 cents at 36.30 cents per lb; December up 1.35 cents at 36.55. Spillover support from gains in soy, higher crude oil and a weak dollar.

FCPO-KUALA LUMPUR, Oct 12 (Reuters) - Malaysian palm oil futures jumped 3.2 percent to a two-week high on Monday as sentiment improved on strong export data and concern adverse weather could hit rival soyoil production. The benchmark December contract on the Bursa Malaysia Derivative Exchange rose as much as 67 ringgit to 2,152 ringgit ($631.6) a tonne, a level unseen since Sept. 25. The contract then settled up 62 ringgit at 2,147 ringgit. Trade volumes more than doubled to 21,479 lots of 25 tonnes each, signalling fresh buying.

REGIONAL EQUITIES-BANGKOK, Oct 12 (Reuters) - Singapore stocks climbed to their
highest in almost two weeks on Monday after surprisingly third quarter economic growth sprked buying in banking shares, the Thai index scaled a fresh 15-month high.

Singapore's benchmark Straits Times Index <.FTSTI> ended up 1.1 percent at its highest level since Sept. 30, with DBS Group , Southeast Asia's biggest lender, up 0.8 percent, after the central bank announced no change in its monetary policy stance and better-than-expected GDP growth in the third quarter. Singapore Exchange gained 0.8 percent ahead of its earnings release scheduled for Thursday.

Malaysia <.KLSE> inched down 0.04 percent, after a three-day rise, Indonesia <.JKSE> fell for a fourth day, sliding 0.7 percent while the Philippines <.PSI> lost 0.4 percent, adding on a 0.9 percent decrease on Friday.

In Kuala Lumpur, palm plantation firm IOI Corp was down 0.4 percent, erasing some early losses after Moody's Investors Service changed the outlook of IOI Corp to stable from negative.

FCPO Daily: May challenge 2180-2240 in near term

Market rebounded strongly after the recent consolidation mode. Market gap up and violated the 2100-2130 convincingly. Thus, market looks may want to challenge next resistance at 2180-2240 levels in near term. To the downside, support is pegged at 2118-2085 (gap left over on 12/10/2009)

CBOT Soyoil Daily: Sideways to bias upside potential

A sharp rebound to violate the overhead resistance at USD36 had strengthen further the market upside move. Market may continue to move sideways to bias upside potential in near term. Upside resistance is looking at USD37.50-38.00. Downside support is at USD34-33.00.

NYMEX Crude Daily: Bias to upside potential

A more clearer direction was seen after prices violated the resistance at USD73. Thus, market may want to challenge the next resistance at USD75 in near term. To the downside, support is pegged at USD68-67.

DJI Daily: Ends of Consolidation phase

Market comes to the end of its consolidation phase as prices manage to break out from the recent high at 9917 levels. We expect more room to bias upside potential in near term with upside target is looking at 10,000-10,300 levels. While, downside support is pegged at 9,600-9,400 levels.

FKLI Daily: Bulls run remains intact

Uptrend remains intact despite prices close off from the fresh high at 1243. Bulls may continue to challenge the next tough resistance at 1250 levels followed by 1260-1270. To the downside, support remains at 1200 levels.