ITS CPO export up 11.7% to 1,512,250 tonnes for the period of 1~30 Nov 2010.
SGS CPO export up 19.2% to 1,569,314 tonnes for the period of 1~30 Nov 2010.
Soy product futures inched lower, sliding in unison with declines in soybeans. Soyoil futures drifted lower in late dealings, as end of the session profit taking overcame early strength from spillover support from crude oil and higher world vegoil markets, analysts said. CBOT January soyoil ended 0.03 cents or 0.06% lower at 49.87 cents per pound, and January soymeal traded $0.50 or 0.1% lower at $338.60 a short ton.(Source: CME)
Rains Forecast For Brazil's Main Soy, Cane Regions In Dec (Source: CME)
Brazil's main soy and sugarcane growing regions are expected to begin receiving summer rains in the first half of December, according to private weather service Somar in a report. Cold fronts should cause rainfall in the producing regions of southeastern and center-west Brazil. The regions also should register isolated rains in the afternoon called summer rains, according to the weather service. The cold fronts should extend to northeastern and northern Brazil in the second half of December, also benefiting growers in the states of Bahia, Maranhao and Piaui, Somar said in its weekly bulletin. Somar, though, forecast little rainfall in southern Brazil for the next two weeks.
Rio Grande do Sul, Brazil's southernmost state and an important producer of soybeans and rice, is forecast to continue with the dry weather observed since October in the southern part of the state, according to Paulo Etchichury, managing director of Somar. The outlook is better for Parana, Brazil's second-largest producer state of soybeans after Mato Grosso, according to Somar. Parana, also in southern Brazil, should have rainfall, especially on the weekend, the service said. The rain in Parana should extend to Santa Catarina state and the north of Rio Grande do Sul state, according to the report.
Malaysia palm oil at 2-week top on weather, Irish bailout
KUALA LUMPUR, Nov 29 (Reuters) - Malaysian crude palm oil futures hit a two-week high as caution receded after European authorities agreed to bail out Ireland and concerns grew over the weather in oilseed growing regions.
"There appears to be a lot of bullish sentiment and palm oil got its latest cue from crude oil, which also jumped on the Irish news," said a trader with a domestic commodities brokerage.
Argentina soy planting makes patchy progress - govt
BUENOS AIRES, Nov 26 (Reuters) - Showers in Argentine agricultural regions have allowed farmers to restart 2010/11 soy seeding, but dryness in part of the farm belt delayed planting in some areas, the government said on Friday.
Argentina is the world's No. 3 soybean supplier and the government has forecast soy area at 18.65 million hectares (46.08 million acres), slightly above last season.
Weather, economic concerns in focus at Bali palm oil meet
KUALA LUMPUR, Nov 29 (Reuters) - Traders will assess the impact of erratic weather on palm oil output at an annual Indonesian industry meeting this week, debating on whether a La Nina can touch off a price rally in 2011.
But palm oil's tumble of more than 8 percent in the last three weeks, sparked by Irish debt woes and news of China's plans to rein in food-driven inflation, suggests a fragile economic recovery may overshadow weather problems.
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