Starting grid ..fkli firm 15-20 fcpo weak 2500-2520

DJ +11. No clear direction ahead of Fri's job data. Europe mostly lower,minus 0.5%.



8.10 : Dj futs -3. Regional firm, +0.2%.

fkli : fbm is more incline towards profit take today for a lack of big +ve external. Fbm is likely to stick with 17-20 for a start, with Mar/Apr taking 15-20 range. Apr is unlikely to do premium unless fbm breaks above 20. Risk is dwside following yesterday's action. Below 20 is sell mkt.

fcpo : SO tumble 1.5%, with concerns about China taking measures to limit vegoil imports adding to the defensive tone. Jun10 is seen will return to yest's lower ranges, 2500-2520 on soyoil pricing.