Soybeans (Source: CME)
US soybean futures end higher, underpinned by the sale of new-crop supplies to China. The combination of export demand, crop uncertainties and strength in world vegoil markets provided support to limit the negative impact of improved weather outlooks for the Midwest, says Mike Zuzolo of Global Commodity Analytics. He notes current weather is less constrictive on soybeans than corn at this time as soybeans' critical-yield development period is still a few weeks away. CBOT November soy ended up 2c at $13.84/bushel while December.
Soybean Meal/Oil (Source: CME)
Decent domestic-feed demand aided soymeal and soyoil got support from vegoil and higher crude-oil futures. CBOT December soymeal rose 0.7% to $367.50/short ton and soyoil added 0.2% to 57.70c/pound
Higher export demand lifts palm oil futures
KUALA LUMPUR, July 20 (Reuters) - Malaysian palm oil futures rose 0.8 percent as firmer commodity markets and expectations of higher export demand lifted sentiment.
"It's an upbeat sentiment as commodity markets such as grains futures, crude oil and energy rallied overnight and at the same time Malaysia's palm oil exports are good," said a trader with foreign brokerage in Kuala Lumpur.
European feeds: Soymeal steadier on weather and dollar
ROTTERDAM, July 19 (Reuters) - Soymeal on the European meals and feeds market firmed a little on Tuesday following Chicago on worries that hot and dry weather could stress crops and because of a weak dollar, market sources said.
"Chicago is a bit of a weather market at the moment and European cash dealers are wary of trading weather as it is as unpredictable as the weather itself," one broker said.
Ukraine's 2011 rapeseed crop may fall - Oil World
HAMBURG, July 19 (Reuters) - Ukraine's 2011 rapeseed crop could fall to 1.3-1.4 million tonnes in 2011, down from 1.47 million tonnes harvested in 2010 in the key exporting country, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Ukraine's disappointing crop could further tighten rapeseed supplies in the European Union, where a major oilseed supply gap is looming after a poor rapeseed crop, it said.
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