Soy product futures rallied in step with soybeans. Soyoil futures climbed, recouping some value in the crush spread on strong global vegoil demand and spillover support from crude oil prices, analysts said. Soymeal was buoyed by strength in soybeans and supportive feed outlooks amid cold, snowy central U.S. weather conditions, analysts said. CBOT Jan soyoil ended 0.85c or 1.6% higher at 54.98 cents per pound, and Jan soymeal traded $3.70 or 1.1% higher at $351.50 a short ton. (Source: CME)
Palm flat as market split on low supply, weak demand
KUALA LUMPUR, Dec 20 (Reuters) - Malaysian crude palm oil futures gained slightly on Monday as traders bet year-end stocks may reach the lowest in four years despite a cargo surveyor showing a slowdown in exports. "Lower exports may give some pressure but traders are talking about end-year stocks staying really tight for January and maybe in February," said a trader with a foreign brokerage.
Dryness hits Argentina's top soy region - govt
BUENOS AIRES, Dec 17 (Reuters) - Soy crops in Argentina's top growing province Buenos Aires are taking a hit from dryness, while damp soils allowed farmers to continue sowing in other provinces, the government said on Friday.
Argentina is the world's No. 3 soybean exporter and the government has forecast 2010/11 area at 18.7 million hectares (46.20 million acres), slightly above last season despite a bigger corn area. Corn and soy compete for acreage.
Canada farmers get funds to ease feed shortages after rains
WINNIPEG, Manitoba, Dec 17 (Reuters) - Canada and the provincial government of Manitoba will compensate livestock farmers who face feed shortages this winter after a wet growing season.
The governments said Friday that farmers could tap funding to pay some of their costs of transporting livestock and feed, as well as money to help them buy feed to sustain breeding stock.
No comments:
Post a Comment