Barely move with China markets shut; weather eyed
KUALA LUMPUR, Sept 22 (Reuters) - Malaysian palm oil and its rival U.S. soyoil made little headway as traders waited for more news on weather in key grain producing regions in the Americas and Asia.
"There is a larger concern on frost sweeping across Canada and hurting canola that competes with palm oil and soyoil," said a regional vegetable oils trader in Singapore.
Oil World sees ample global soybean supplies
HAMBURG, Sept 21 (Reuters) - Global soybean supplies in the new 2010/11 season are likely to be ample with a smaller crop still exceeding consumption and weaker prices likely, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Oil World has raised its forecast of the global 2010/11 soybean crop by 1.7 million tonnes from its previous August estimate to 258.92 million tonnes, above forecast global consumption of 256.40 million tonnes.
Biofuels to keep edible oil supply tight-Oil World
HAMBURG, Sept 21 (Reuters) - Rising global biofuel production will keep global vegetable oil supplies tight in coming months, possibly keeping prices high, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"In a number of countries, governments continue to step up their biodiesel targets, mostly enforced by mandates, and largely regardless of the feedstock availability and the repercussions on prices," Oil World said.
No comments:
Post a Comment