ITS CPO export down 7.7% to 342,982 tonnes for the period of 1~10 Feb 2012.
SGS CPO export down 4.3% to 337,618 tonnes for the period of 1~10 Feb 2012.
MPOB Official Data for the month of Jan 2012 vs Dec 2011
Exports down 13.2% to 1,381,315 tonnes
Stocks down 2.5% to 2,007,967 tonnes
Output down 13.9% to 1,287,194 tonnes
Reuters Survey : India's January vegetable oil imports seen up 6.6% to 714,375 tonnes vs Dec 2011.
Reuters : China January 2012 soy imports down 14.9% from Dec 2011 - customs
Soybeans (Source: CME)
US soybean futures ended lower, backpedaling from a midday rally. Lack of any surprises in USDA world supply and demand estimates coupled with no immediate weather problems for South American crops, left futures without a reason to hold early advances, analysts say. USDA provided its interpretation of the crop issue in South America, and while the industry may feel they're overstating production, hard to prove USDA's assessments are wrong today, says analyst Dan Cekander with Newedge. USDA report highlighted ample supply and demand market characteristics, a feature that encouraged traders to take some profits off the table. CBOT March soybeans ended down 4c at $12.27.
Soybean Meal/Oil (Source: CME)
Soy product futures drift lower, mirroring price movements in soybean futures. USDA's smaller-than-expected cut in South American soybean production estimates and beneficial rains moving through the region took crop fears out of the market, analysts say. Absence of new crop threats produced some consolidative price action, with soymeal and soyoil ending near unchanged levels. CBOT March soymeal ended down $0.70 lower at $321.00/short ton, March soyoil finished 0.04c lower to 52.54c/lb.
Palm oil slips ahead of key industry data
SINGAPORE, Feb 9 (Reuters) - Malaysian crude palm oil slipped after rallying the previous day as traders booked profits ahead of the release of two key reports, while uncertainty over the euro zone debt crisis also dampened investors' risk appetite.
"Since last Thursday, prices have soared about 123 ringgit and open interest surged almost 6,553 lots. However futures rallied ahead of cash and refiners were buying at a steep discount to futures," said a trader with a local commodities brokerage in Kuala Lumpur.
Brazil soy crop seen at 71 mln T - Agroconsult
SAO PAULO, Feb 8 (Reuters) - Brazil's 2011/12 soybean crop now being harvested is estimated at 71 million tonnes, down 3 percent from the previous forecast due to the effects of drought, agricultural commodities forecasters Agroconsult said on Wednesday.
Agroconsult has teams touring Brazil's grain belt and some early data has prompted the forecasters to lower their outlook due to the effects of the drought that has been hitting the country's southern farm belt.
Weekly rains to favor Brazil soy, corn crops
SAO PAULO, Feb 8 (Reuters) - Cold fronts bring rain to Brazil's grain belt that will favor the formation of the late maturing soybeans in the south and the plantings of the winter corn crop, but will slow harvesting of soybeans in the center-west.
Independent weather forecaster Somar said a cold front would drop widespread rains on Thursday over the No. 2 and No. 3 soybean growing states of Parana and Rio Grande do Sul, in Brazil's parched southern grain belt.
Malaysia's Jan palm oil stocks seen at 5-month low
KUALA LUMPUR, Feb 9 (Reuters) - Malaysia's palm oil stocks probably fell to a five-month low in January as a drop in exports outran a fall in production, a Reuters median survey of six plantation houses showed on Thursday.
Stocks in the world's No.2 producer of the tropical oil probably dropped 2.2 percent to nearly 2 million tonnes, a level unseen since August, as heavy rains disrupted harvesting and overseas buyers shifted orders to Indonesia.
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