CBOT soyoil Daily:

Market tested the upside resistance at USc40.77 (high since 3/6/2009) but not manage to stay firm and resulted a long upper shadow candle printed. This has weaken a little the market upside move. Thus, more strength is still needed for a more sustainable upward move. As for now, we continue to look for the immediate upside resistance at USc40.77-41.15. Immediate downside support remains at USc39.00.

FCPO Daily: May challenge 2521 levels

The overall technical landscape looks bullish following prices gap up and surge to close off the intra-day high with printed a long white candle. Market looks may continue to challenge the recent high at 2521 (high since 13/8/2009). While, downside support is adjusted to 2428-2419 (gap left over on 23/11/2009).

Breaking News-RTRS-China to suspend weekly state corn, soy sales

BEIJING, Nov 23 (Reuters) - China will suspend weekly auctions of state corn and soybean reserves from next month to support domestic prices amid increased supplies from new harvests.
Weekly auctions of corn and soybeans from warehouses in four provinces in the northeast would be suspended from Dec. 1, according to a notice posted on the website of the National Grain & Oil Trade Center (www.grainmarket.com.cn).

Breaking News-RTRS-China Dec soy imports seen at 2.95 mln T -Mofcom

BEIJING, Nov 23 (Reuters) - China's Commerce Ministry has revised slightly upwards its estimate for the country's November soy imports to 2.86 million tonnes, while it put December imports initially at 2.95 million tonnes.
Both figures were higher than October imports at 2.52 million tonnes, but lower than traders' estimates between 3 million tonnes to 3.5 million tonnes for November and 4 million tonnes for December.

Trader's Highlight

DJI-NEW YORK, Nov 23 (Reuters) - Gold scaled a record high on a weak dollar and global stocks jumped on Monday after better-than-expected U.S. home sales data and rosy economic news in the euro zone bolstered appetite for riskier assets.

The dollar slid after a Federal Reserve official affirmed expectations that U.S. interest rates would stay low for some time and data showing that sales of previously owned U.S. home rose to a more than 2-1/2-year high dampened the currency's safe-haven appeal.

The Dow Jones industrial average <.DJI> gained 132.71 points, or 1.29 percent, to 10,450.87. The Standard & Poor's 500 Index <.SPX> rose 14.85 points, or 1.36 percent, to 1,106.23. The Nasdaq Composite Index <.IXIC> added 29.97 points, or 1.40 percent, to 2,176.01.

NYMEX-NEW YORK, Nov 23 (Reuters) - U.S. crude oil futures ended slightly higher on Monday in choppy trading, supported by the weak dollar and expectations for economic growth even as concerns about demand and high inventories helped limit oil's rise.

On the New York Mercantile Exchange, January crude edged up 9 cents, or 0.12 percent, to settle at $77.56 a barrel, trading from $77.15 to $79.92.

CBOT-SOYBEANS - January down 4 cents at $10.42 a bushel. Retreated from 12-week high spot price as crude oil market pared its gains. Profit-taking and hedge-related selling as farmers try to lock in prices also added pressure. Earlier rally tied to robust export demand and dollar weakness.

CBOT-SOYOIL - December down 0.31 cent at 39.40 cents per lb. Backed off highs along with crude oil. Gaining versus soymeal on oil/meal spreading.

FCPO-KUALA LUMPUR, Nov 23 (Reuters) - Malaysian crude palm oil futures jumped as much as 3.1 percent to a new 14-week high on Monday thanks to revived interest in commodity markets and fears that more rainy weather will curb output.

The benchmark February contract on the Bursa Malaysia Derivatives Exchange rose by as much as 76 ringgit to 2,495 ringgit ($737.9) before settling at 2,486 ringgit a tonne.

REGIONAL EQUITIES-BANGKOK, Nov 23 (Reuters) - Singapore's stock market climbed
to its highest in 15 months on Monday, pushed up by financials such as DBS and United Overseas Bank, while selling in big-cap banks and energy shares dragged Thailand down to two-week lows.

Singapore's index <.FTSTI> ended up 1.3 percent at its highest since Aug. 18, 2008, with DBS Group , Southeast Asia's biggest lender, rising 2.2 percent and second-ranked United Overseas Bank 1.8 percent higher.

Malaysia <.KLSE>, which will also close on Friday for a national holiday, eased 0.3 percent, with telecoms firm Axiata Group sliding 1 percent and gaming group Genting declining 1.1 percent.

Trader's Highlight

DJI-NEW YORK, Nov 20 (Reuters) - Global stocks slid and the U.S. dollar rose on Friday as investors cut their exposure to risky assets amid signs of an anemic U.S. economic recovery.

The Dow Jones industrial average <.DJI> closed down 14.28 points, or 0.14 percent, at 10,318.16. The Standard & Poor's 500 Index <.SPX> fell 3.52 points, or 0.32 percent, at 1,091.38. The Nasdaq Composite Index <.IXIC> slid 10.78 points, or 0.50 percent, at 2,146.04.

NYMEX-NEW YORK, Nov 20 (Reuters) - U.S. crude oil futures ended lower on Friday, dragged down by a resurgent dollar and as equities dipped on economic recovery worries.

On the New York Mercantile Exchange, December crude expired and settled down 74 cents, or 0.96 percent, at $76.72 a barrel, trading from $76.20 to $77.99.

For the week, front-month crude futures were up 37 cents, or 0.5 percent.
NYMEX January crude settled down 58 cents, or 0.74 percent, at $77.47 a barrel, trading from $76.76 to $78.61.

CBOT-SOYBEANS - January up 7 cents at $10.46 a bushel. Strong demand from China pulled prices higher despite weak crude oil market and firm dollar.

CBOT-SOYOIL - December up 0.26 cent at 39.71 cents per lb. Unwinding of soymeal/soyoil spreads supported market even as crude oil prices fell.

FCPO-JAKARTA, Nov 20 (Reuters) - Malaysian crude palm oil futures rose 2 percent on Friday to close at their highest in more than three months, underpinned by estimates of strong exports in the first 20 days of November, traders said.

The benchmark February contract Bursa Malaysia Derivatives Exchange settled up 48 ringgit at 2,419 ringgit ($714.83) per tonne, a level not seen since Aug. 14.
Overall volume was at 13,093 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Nov 20 (Reuters) - Singapore stocks edged slightly
higher on Friday as top bank DBS rose after an analyst's upgrade, and Indonesia climbed almost 1 percent, with lenders such as Bank Danamon and Bank Negara rising on an upbeat loan growth outlook.

The Straits Times Index <.FTSTI> ended up 0.1 percent, with DBS Group , Southeast Asia's biggest lender, up 1.8 percent at S$14.86. RBS upgraded its recommendation on the stock to "buy" from "hold" and raised its target price to S$18.

Elsewhere, Malaysia <.KLSE> inched down 0.2 percent, with palm plantation firm KL Kepong down 2.3 percent, while Maybank rose 0.14 percent after Citigroup initiated coverage of Malaysian banks with Maybank as its top pick.

FCPO Weekly: Gaining ground

The end of consolidation phase following market close firm at above 2400 levels. Market has gaining more strength to its upside momentum and looks may want to challenge the recent high at 2521 (high since 16/8/2009). While, downside support is adjusted to 2305-2285(gap left over since 22/11/2009).

DJI Weekly: Inching up slowly

Market manage to stay firm above 10,300 levels had strengthen further the overall immediate technical landscape. Thus, we are now look for the upside resistance at 10,500-10,800. To the downside, support is remains at 10,000.

FKLI Weekly: Still the same

Nothing much improvement as market continue holding ground. Hence, up-trend remains intact in near term. We still looking for the upside resistance at 1300 followed by 1314.5-1348 (gap left over on 3/9/2008). While, downside support is pegged at 1250 followed by 1230.

Breaking News-RTRS-Indonesia 2010 palm oil exports seen up 6-8 pct - assoc

JAKARTA, Nov 19 (Reuters) - Indonesia's palm oil exports are expected to grow between 6-8 percent in 2010, from 16 million tonnes estimated for this year, an industry official said on Thursday, thanks to buying from India and China. The world's top palm oil producer is expected to produce 22.5 million tonnes of palm oil next year, against 20.5 million tonnes seen for this year, said Fadhil Hasan, executive director of Indonesian Palm Oil Producers Association (GAPKI).

Breaking News-RTRS-Argentina soy area unchanged from week ago-exchange

BUENOS AIRES, Nov 19 (Reuters) - Argentina's 2009/10 soy area was forecast at a record 19 million hectares, unchanged from the previous weekly outlook, the Buenos Aires Grains Exchange said on Thursday.

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.