20100913 1212 Soy Oil & Palm Oil Related News.

ITS: Export up 1.1% to 396,684 tonnes.SGS: Export down 3% to 383,456 tonnes.

Soy product futures ended mixed, with adjustments in the meal/oil spread relationship featured. Soyoil futures managed to climb despite weakness in the rest of the complex, underpinned by a strong U.S. export program and spillover support from firm crude-oil futures, analysts said. The unwinding of meal oil spreads and weakness in soybeans weighed on soymeal futures. December soyoil settled 0.17 cents, or 0.4%, higher at 41.76 cents per pound. December soymeal ended $8.30, or 2.7%, lower at $293.70 per short ton. (Source: CME)

China August Edible Oil Imports 530,000 Tons; Down 33% On Year (Source: CME)
China's edible oil imports in August fell 33% from the same month last year to 530,000 metric tons, the General Administration of Customs said Friday. August's figure is down 14.5% compared with July. From January to August, edible oil imports fell 16.3% compared with the same period last year to 4.32 million tons.

China Aug soy imports down 3.6 pct, more falls seen
BEIJING, Sept 10 (Reuters) - China's soybean imports fell 3.6 percent on the month in August to 4.77 million tonnes, still the fourth largest monthly import ever, with further declines seen.
Crushers have booked less for coming months after massive imports -- a record 6.2 million tonnes in June followed by 4.95 million tonnes in July -- squeezed margins.
"Some trading houses have been losing money and reduced purchase volumes," said one trading executive in Shandong, who said firms in the province, which imports the most soybeans for trading, may have reduced imports by 20 percent from earlier months.

OIL: October crude jumps on Canada-US pipeline shutdown
SINGAPORE, Sept 10 (Reuters) - U.S. crude for October jumped to near $75 after a leak forced Enbridge to shut down the biggest pipeline supplying Canadian oil to refineries in the Midwest.
The spread, or the discount of the front month to the second month, shrank to about $1.10 on the Enbridge news from almost $1.80 a barrel earlier this week, flattening a market structure known as contango, where prompt oil is cheaper than future supplies. October ICE Brent shed 17 cents to $77.30.