SGS CPO export flat 0% to 1,033,040 tonnes for the period of 1~20 Nov 2011.
Soybeans (Source: CME)
US soybeans end steady, stabilizing after choppy trading today. Analysts view current prices as a good reflection of fair market value, reflective of renewed export interest from foreign buyers, particularly China, analysts said. Uncertainty surrounding the global economy in the face of the euro-zone debt crisis, continue to limit investor's appetite for risk. However, traders are mindful that if prices slump too far, supplies could tighten to more uncomfortable levels, analysts added. CBOT Jan soybeans end unchanged at $11.68 1/4/bushel.
Soybean Meal/Oil (Source: CME)
Soy-product futures end mixed, with traders unwinding some positions ahead of the weekend. Soyoil was hit by spillover pressure from declines in crude oil, a feature that may weaken biodiesel margins, analysts note. But soymeal was lifted by a recent upturn in demand. CBOT December soyoil dropped 0.52c to 50.88c/pound while soymeal rose $3.90 to $298.40/short ton.
Palm little changed, flirts with 5-mth highs
JAKARTA, Nov 18 (Reuters) - Malaysian palm oil futures were little changed in a volatile session, trading near five-month highs on support from lower output expectations and strong Chinese demand, while euro zone debt jitters limited the upside. "It's been raining every day here and supporting the palm price," a Kuala Lumpur-based trader said. "It's overplayed but we are getting a lot of rain in the north of the country.
Argentina govt sees soy area at 19 mln hectares
BUENOS AIRES, Nov 17 (Reuters) - Argentina's 2011/12 soybean area is seen at 19.0 million hectares, up a touch from 18.9 million hectares last season, the Agriculture Ministry said on Thursday in its first forecast for the crop.
The government forecast came just after the Buenos Aires Grains Exchange said it expected that 18.85 million hectares would be planted with 2011/12 soy, up from its week-earlier view of 18.60 million hectares.
Pakistan's palm oil import from Indonesia seen tripling in 2012
ISLAMABAD, Nov 17 (Reuters) - Pakistan is expected to at least triple palm oil purchases from Indonesia next year after a trade agreement between the two countries reduced import duties for the edible oil by about 15 percent, senior industry officials said on Thursday.
Pakistan, the world's fourth largest buyer of palm oil, purchases more than 90 percent of its needs from Malaysia, as its crude palm oil and products have enjoyed lower import duties since 2007.
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