ITS CPO export up 9.42% to 1,233,444 tonnes for the period of 1~30 Apr 2012.
SGS CPO export up 10.4% to 1,211,211 tonnes for the period of 1~30 Apr 2012.
Market Recap: Soybean Futures (Source: CME)
Soybean futures finished widely mixed amid bull spread unwinding. The May and July contracts ended 5 1/4 and 2 cents lower, respectively, while the August contract was 3 cents higher and new-crop contracts were 7 3/4 to 11 3/4 cents higher. Meal futures also finished widely mixed amid bull spread unwinding, while soyoil closed lower. Old-crop soybean futures faced light profit-taking pressure today after the recent string of gains.
Soybean Complex Market Recap (Source: CME)
July Soybeans finished down 2 at 1503 1/2, 1 1/4 off the high and 11 1/2 up from the low. November Soybeans closed up 11 1/2 at 1392 1/2. This was 16 3/4 up from the low and 1 off the high. July Soymeal closed down 1.3 at 434.2. This was 2.8 up from the low and 2.1 off the high. July Soybean Oil finished down 0.14 at 54.91, 0.37 off the high and 0.3 up from the low. July soybeans closed just a few cents lower on the session and well up from the mid-session lows while November soybeans closed sharply higher on the session and experienced the highest close since September 9th. December meal surged into new contract highs and closed $6.00 higher on the day. More big deliveries plus talk of the extreme overbought condition for old crop soybeans due to the surge higher in the past few weeks helped to pressure the market to trade moderately lower on the day into the mid-session. Grain traders view the weather outlook as bearish with periods of warm and wet weather over the next 10 days but not enough rain to cause flooding issues. There were 757 contracts delivered against the May contract this morning which added to the negative tone. Liquidation of old crop/new crop bull spreads helped to support the November contract. Persistent China buying helped to provide underlying support to limit the downside as the USDA confirmed the sale of 110,000 tonnes of US soybeans to China for the 2012/13 season. The USDA reported that planted area reached 12% complete from 6% last week.
AgRural trims Brazil soy crop view to 66.2 mln T
BRASILIA, April 30 (Reuters) - Brazil's soon-to-finish 2011/12 soybean crop is expected to produce 66.2 million tonnes according to crop forecasters AgRural, half a million less than their March view of 66.7 million tonnes due to a drought.
A lack of rain this season over the South American grain crop in Brazil, Argentina and Paraguay, which together produce more than half the world's soy trade, has raised concerns of falling stocks of the world's most important source of protein.
VEGOILS-Palm oil edges down in thin trades; exports support
SINGAPORE, April 30 (Reuters) - Malaysian palm oil futures edged lower as slower U.S. growth raised fears of a weaker global economic outlook, although losses were curbed by strong palm oil export numbers and a tight global oilseed supply situation.
"Exports were bullish and we can expect to see the market reaction in the afternoon. It's quiet now with volumes standing at around 6,000 lots. There could be a volatile trading session later," said a dealer with a foreign commodities brokerage in Malaysia.
Informa cuts Argentine soybean forecast-sources
April 27 (Reuters) - Memphis, Tennessee-based analytical firm Informa Economics on Friday pegged this year's Argentine soybean production at 40.0 million tonnes, a sharp cut of 5.0 million tonnes from the firm's previous outlook, trade sources said.
A drought earlier in the crop's growing season has led to declines in crop prospects from the world's second largest soybean exporter and the largest exporter of soymeal and soyoil.
Weather-hit EU rapeseed crop faces 6-yr low-analyst
PARIS, April 27 (Reuters) - Rapeseed production in the European Union is on course to fall to a six-year low of 17.6 million tonnes in 2012 after severe winter weather damaged crops, increasing tension in supply and prices of the oilseed, analyst Strategie Grains said.
The forecast crop would be down from an estimated 19.1 million tonnes harvested last year, the French analyst said. Strategie Grain's forecast for the EU rapeseed crop is below the 18.48 million tonnes currently estimated by Hamburg-based oilseed analyst Oil World.
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