U.S. soy product futures ended lower in unison with soybeans. Soyoil futures stumbled on traders taking profits ahead of Tuesday's crop reports after climbing to 2 year highs overnight. Soymeal fell, pressured by spillover from soybeans and positioning in front of Tuesday's USDA crop updates. Dec soyoil settled 0.21c or 0.4% lower at 52.01 cents a pound. Dec soymeal ended $3.10 or 0.9% lower at $344.90 a short ton. (Source: CME)
ANALYSIS-U.S. Fed's QE2 raises alarm of commodity bubble
LONDON/SINGAPORE, Nov 5 (Reuters) - A commodities buying spree spurred by U.S. quantitative easing has raised alarm of an inflationary bubble reminiscent of 2008 when oil and other industrial raw materials struck all-time highs before the crash.
In the run up to Wednesday's announcement from the U.S. Federal Reserve, commodity traders said dollar-weakness associated with QE was largely factored in.
Palm oil at over 2-yr highs on floods, China prices
KUALA LUMPUR, Nov 8 (Reuters) - Malaysian crude palm oil futures jumped more than 4 percent in early trade, driven by supply worries stoked by floods in some palm growing states in the country and rising soyoil prices in China.
"Traders were covering positions after a three-day holiday as soyoil on China's Dalian rose on speculative buying," said a trader with a foreign brokerage in Kuala Lumpur. "Some investors expect prices to go higher due to the floods in Northern Malaysia."
Dutch buyers to import only green palm oil by 2015
KUALA LUMPUR, Nov 6 (Reuters) - Dutch vegetable oil suppliers have pledged to order only eco-friendly palm oil cargoes by 2015 as consumers and green groups continue to scrutinise the sector, an industry official said.
Dubbed the Dutch Taskforce on Sustainable Palm Oil, the initiative will get local firms to pledge to buy palm oil from estates that do not clear forests or peatlands in Southeast Asia to expand, said Frans Claassen, an official with the taskforce.
Asian buyers, emissions in focus at green palm oil meet
JAKARTA/LONDON, Nov 8 (Reuters) - Buoyed by growing green palm oil production, an industry body will use a meeting this week in Jakarta to persuade top vegetable oil consumers India and China to start buying.
The Roundtable on Sustainable Palm Oil (RSPO), which created voluntary standards that include pledges to preserve forests, has certified more than seven percent of 45 million tonnes in global annual output in over two years.
US soy prices to climb with half of crop unsold
CHICAGO, Nov 5 (Reuters) - Grain companies will have to pay up to get deep-pocketed U.S. farmers to part with soybeans, as about half of the crop remains unsold at a time when soymeal demand rises seasonally and the export program could be extended by planting delays in Brazil.
Soybean basis bids -- the amount above or below Chicago Board of Trade benchmark futures prices that grain merchants pay to farmers -- are poised to climb at least until year end after hitting a low for 2010 during harvest last month.
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