Palm | Kelapa Sawit

DJI-NEW YORK, Dec 10 (Reuters) - U.S. stocks rose in a choppy session on Wednesday as a rebound in oil prices and other commodities lifted energy, mining and materials shares, offsetting nervousness over whether Washington will agree on a bailout for ailing car makers.

The Dow Jones industrial average rose 70.09 points, or 0.81 percent, to 8,761.42. The Standard & Poor's 500 Index gained 10.57 points, or 1.19 percent, to 899.24. The Nasdaq Composite Index was up 18.14 points, or 1.17 percent, at 1,565.48.

NYMEX-NEW YORK, Dec 10 (Reuters) - U.S. crude oil futures rose on Wednesday as Saudi Arabia, according to trading sources, had told customers it would significantly cut oil supplies for January.

On the New York Mercantile Exchange, January crude settled up $1.45, or 3.45 percent, at $43.52 a barrel. At its session high, it was up more than $4 at $46.17, the highest since Dec. 4. The bottom of the day's range was $41.89.

CBOT-SOYBEANS - January up 16-1/2 cents at $8.29-1/2 a bushel.

Tight stocks of soy and firm crude prices boosted soy. Weak dollar and gains in stock market supportive. Average of analysts' estimates pegged 2008/09 U.S. soy
ending stocks at 202 million bushels, below the USDA's forecast in November for 205 million.

CBOT-SOYOIL - December up 1.05 cents at 30.59 cents/lb. Climbed when crude was up more than $2 a barrel, then crude slipped.

FCPO-KUALA LUMPUR, Dec 10 (Reuters) - Malaysian palm futures jumped as much as 3.2 percent to touch one-week highs on Wednesday after cargo surveyors reported that exports for the first 10 days of the month nearly doubled.

The benchmark February palm oil contract on Bursa Malaysia's Derivatives Exchange rose as much as 50 ringgit to 1,605 ringgit ($444) per tonne, a level last seen on Dec 2., before settling at 1,595 ringgit.

Other traded contracts rose between 14 ringgit and 70 ringgit. Overall volume stood at 11,129 lots of 25 tonnes.

REGIONAL EQUITIES-JAKARTA, Dec 10 (Reuters) - Southeast Asian stocks rose on Wednesday, with Jakarta <.JKSE> up 3.9 percent led by energy and agriculture stocks thanks to a rebound in oil and palm oil prices.

Singapore's Straits Times Index <.FTSTI> rose 3.8 percent, Kuala Lumpur <.KLSE> gained 2.33 percent, and Philippine stocks <.PSI> inched up 0.19 percent. Vietnam <.VNI> fell 2.2 percent, while Thailand was closed on Wednesday.