ITS: export down 9.6% to 590,480 tonnes for the period of 1~15 Oct 2010.
SGS: export down 4.1% to 606,243 tonnes for the period of 1~15 Oct 2010.
Soy product futures pushed higher, climbing in unison with advances in soybean futures. A strong demand base served as an underpinning presence in the market, with solid export commitments for soyoil and a pickup in domestic usage for soymeal buoying prices, analysts said. December soyoil settled 0.44 cents or 0.9% higher at 48.02 cents per pound. December soymeal ended $2.70 or 0.8% higher at $331.70 per short ton. (Source: CME)
US corn, soybeans resume advance of weak dollar
SYDNEY, Oct 14 (Reuters) - U.S. corn, wheat and soybean futures advanced, resuming an upward trend supported by a weak dollar and tightening supply/demand balances.
"The dollar is the key driver as the fundamentals haven't really changed that much since last Friday's USDA report," said Brett Cooper, senior manager, markets, at FCStone Australia.
Better corn crop has U.S. hogs growing faster
CHICAGO, Oct 13 (Reuters) - This year's corn harvest has been good news for U.S. hog producers, who have watched their animals quickly gain weight as they eat the newly harvested grain.
As hogs gain weight quicker and on less corn than last year, that should help lessen the cost impact to producers of this year's high-priced corn.
Score new 2-yr highs; palm may breach 3,000 ringgit
KUALA LUMPUR, Oct 14 (Reuters) - Asian vegetable oil markets hit their highest in more than two years, with palm oil hovering near a key resistance level on a weaker U.S. dollar and supply concerns.
"Palm oil is in for the ride even though its own fundamentals are not necessarily that bullish since production could be on the rise in Malaysia," said a Malaysian trader with a foreign broker.
Pakistan palm oil imports seen steady in Oct-Dec -trade
ISLAMABAD, Oct 14 (Reuters) - Pakistan may buy up to 170,000 tonnes of palm oil a month in the October-December quarter, a leading industry official said on Thursday, as traders earn profits on current stocks in a bull-run global market.
Global vegetable oil markets hit their highest in more than two years on Thursday, with palm oil set to breach the key 3,000 ringgit resistance level on the weaker U.S. dollar and supply concerns.
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