Palm | Kelapa Sawit

DJI-NEW YORK, July 7 (Reuters) - U.S. stocks fell to their lowest level in 10 weeks on Tuesday as talk of a second government stimulus plan heightened fears that the economy is not yet on the path to recovery and that the corporate earnings season starting this week will be weak.

The Dow Jones industrial average <.DJI> dropped 161.27 points, or 1.94 percent, to 8,163.60. The Standard & Poor's 500 Index <.SPX> fell 17.69 points, or 1.97 percent, to 881.03. The Nasdaq Composite Index <.IXIC> lost 41.23 points, or 2.31 percent, to 1,746.17.

NYMEX-NEW YORK, July 7 (Reuters) - U.S. crude oil futures extended losses in post-settlement trading on Tuesday after industry data showed that gasoline and distillate inventories rose more than expected last week.

On the New York Mercantile Exchange, at 5 p.m. EDT (1700 GMT), August crude was down $1.72, or 2.69 percent, at $62.33 a barrel, after dropping as low as $62.24. It earlier settled down $1.12, or 1.75 percent, at $62.93, the lowest
close since May 26's $62.45. It traded earlier from $62.35 to $64.91.

CBOT-SOYBEANS - July down 66-1/2 cents per bushel at $11.33-1/2. November down 68 at $8.95.

Fund long-liquidation with pressure from falling crude oil, good crop weather in the United States, mostly good to excellent ratings for the 2009 U.S. crop, and declining equity markets.

CBOT-SOYOIL - July down 1.39 cents per lb at 32.90. Falling soy and drop in crude oil lending pressure.

FCPO-KUALA LUMPUR, July 7 (Reuters) - Malaysian crude palm oil futures dropped as much as 3.3 percent to touch a new 3-month low on Tuesday as signs that a developing El Nino episode had eased and prospects of higher production.

The benchmark September contract on Bursa Malaysia's Derivatives Exchange fell as much as 70 ringgit to 2,059 Malaysian ringgit ($581.8) per tonne, a level unseen since April 2, before settling at 2,069 ringgit. Volumes doubled to 22,484 lots of 25 tonnes versus the usual 10,000 lots.

REGIONAL EQUITIES-SINGAPORE, July 7 (Reuters) - Indonesian shares rose on
Tuesday as investors braced for President's Susilo Bambang Yudhoyono's re-election this week to spearhead pre-growth policy, while other Southeast Asian stocks moved in tight ranges.

Investor sentiment remained cautious amid lingering doubts about the strength of the global economic recovery and ahead of the corporate earnings reporting season.

Southeast Asia with Philippine's index <.PSI> gaining 0.9 percent and Singapore' stocks <.FTSTI> edging up 0.3 percent, but Vietnam's stocks <.VNI> falling 1.46 percent while Thailand's shares <.SETI> sheding 0.5 percent.