Palm | Kelapa Sawit

DJI-NEW YORK, June 22 (Reuters) - U.S. stocks fell more than 1 percent in yet another late-day selloff on Tuesday as unexpectedly poor housing figures and the puncture of a key technical level sapped buying interest.

Stocks marked time in a thinly traded session until the S&P 500 fell through its 200-day moving average, which had been a basis of support in the last few days.

The Dow Jones industrial average <.DJI> dropped 148.96 points, or 1.43 percent, to 10,293.45. The Standard & Poor's 500 Index <.SPX> fell 17.86 points, or 1.60 percent, to 1,095.34. The Nasdaq Composite Index <.IXIC> lost 27.29 points, or 1.19 percent, to 2,261.80. The S&P 500 ended below 1111.33, the 200-day moving average.

NYMEX-NEW YORK, June 22 (Reuters) - U.S. crude oil futures ended lower on Tuesday as traders sold off the July contract before it expired at the close and amid caution ahead of weekly petroleum inventory reports.

The day's losses developed as both the dollar and the euro fell against yen as risk appetite soured on doubts about how much China will allow the yuan to appreciate.

On the New York Mercantile Exchange, July crude settled at $77.21 a barrel, down 61 cents, or 0.78 percent, after trading from $76.53 to $78.10.

CBOT-CHICAGO, June 22 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.

CBOT-SOYBEANS - July up 2-1/4 at $9.65-1/2 per bushel; new-crop November down 3 at $9.36. Supported by concerns about hot and dry weather in the U.S. Mississippi River Delta crop region, hot and dry weather in northeast China and tight available old-crop supplies.

CBOT-SOYOIL - July down 0.12 cent at 37.93 cents per lb. Pressure from soymeal/soyoil spreading.

FCPO-KUALA LUMPUR, June 22 (Reuters) - Malaysian crude palm oil futures ended 1.2 percent lower on Tuesday, in line with other vegetable oil markets, on expectations the Chinese yuan's appreciation may not translate into higher commodity demand.

China's spot yuan soared on Tuesday after the central bank set the currency's daily mid-point at the highest level against the dollar since a revaluation in July 2005, signaling the yuan's ascent may continue.

Crude oil and soyoil, which palm oil tracks, fell and some traders said commodity markets may have overreacted on China's yuan moves.

A yuan appreciation should make commodity imports cheaper and boost volumes, but it also strengthens the Malaysian ringgit , which then eats into palm oil refiner margins as the commodity is priced in that currency.

The benchmark September crude palm oil contract on Bursa Malaysia Derivatives Exchange fell 28 ringgit to 2,377 ringgit ($746.1) per tonne after touching an intraday low at 2,375 ringgit. On Monday, the contract hit a one-week high at 2,421 ringgit. Volumes stood at 12,268 lots of 25 tonnes each, above the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, June 22 (Reuters) - Southeast Asian stock markets
fell back on Tuesday as investors had second thoughts about the immediate benefits to trade-dependent economies in the region of China's move to let the yuan be more flexible.

Singapore <.FTSTI>, Southeast Asia's biggest bourse by market value, ended down 0.5 percent -- turning round from a 1.8 percent rise the day before that took it to its highest in almost six weeks -- as the euphoria over China's currency policy faded.

Malaysia <.KLSE> lost 0.9 percent, Indonesia <.JKSE> 0.3 percent, Thailand <.SETI> 0.24 percent, the Philippines <.PSI> 0.2 percent and Vietnam <.VNI> 0.4 percent.

Singaporean palm plantation firm Wilmar International lost 1 percent and Malaysia's IOI Corp shed 1.5 percent in line with weaker Malaysian crude palm oil futures.