ITS CPO export down 23.7% to 298,005 tonnes for the period of 1~10 Dec 2010.
SGS CPO export down 9.0% to 351,598 tonnes for the period of 1~10 Dec 2010.
MPOB Official Data for the month of Nov 2010 from Oct 2010
Export up 2.69%
Stock down 8.72%
Output down 10.85%
Soy product ended lower, succumbing to spillover pressure from soybeans. Soyoil inched lower, with strong global vegoil demand providing support to limit losses, analysts said. The strength in world markets and higher than expected U.S. weekly export sales held prices in positive territory, until spillover pressure from soybeans dropped prices lower heading into the close, traders added. CBOT Jan soyoil ended 0.03c or 0.1% lower at 54.15 cents per pound, and Jan soymeal traded $6.40 or 1.8% lower at $340.70 a short ton. (Source: CME)
Corn, soy edge lower; wheat gains ahead of USDA report
SINGAPORE, Dec 9 (Reuters) - U.S. corn and soybean futures retreated on Thursday as investors locked in recent gains ahead of a key U.S. crop report expected to reflect shrinking global supplies and a spike in demand for U.S. grains.
"Up until a month or two ago, stocks of Australian and U.S. wheat were giving the world comfort as far as maintaining healthy global supply. Now the risk in those two areas is a concern," said Brett Cooper, senior manager for markets at FCStone Australia.
Palm at new 29-mth high as output seen curbed by rain
KUALA LUMPUR, Dec 9 (Reuters) - Malaysian crude palm oil rose to a fresh 29-month high on Thursday as investors bet heavier monsoon rains next month would cut production. Investors also expected a stocks and production report by the Malaysian Palm Oil Board due on Friday to show a drawdown in inventories and lower yields at a time of resilient export demand.
"The palm oil market took a breather yesterday but more cues from the grains markets indicate that food supplies are tight," a trader with a foreign commodities brokerage said.
China to delay U.S soy cargoes amid poor crushing margins
BEIJING, Dec 9 (Reuters) - Some Chinese soy buyers are trying to delay shipment of their booked soy cargoes from the United States after Beijing's crackdown on rising food prices eroded into crushing margins, traders said on Thursday.
Traders said they had not heard of any cancellations as had been expected by some in the Chicago market, although some trading houses have resold cargoes to crushers in the eastern provinces, which enjoyed better crushing margins than those of loss-making crushers in the north.
Rain heads for Brazil's main soy belt states
SAO PAULO, Dec 8 (Reuters) - Brazil's soy belt, which is nearing the end of planting, is getting sufficient rainfall for crop development and a new cold front that will arrive over the weekend will moisten most of the main grain states, forecasters Somar said on Wednesday.
Rains following planting are critical for germinating soybeans that will need to form a canopy to help preserve soil moisture levels during dry spells that could befall the crop later in the season.
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