ITS CPO export down 15% to 1,512,250 tonnes for the period of 1~31 Dec 2010.
CBOT soy products were mixed amid choppy trade in the soy complex. Worries about South American weather are underpinning the complex. Export sales were solid for soymeal but weak for soyoil, analysts said. Jan soymeal closed down $0.30 to $365.40 per short ton and Jan soyoil settled up $0.023, or 0.4%, to 56.61 cents per pound. (Source: CME)
Argentine soy area unchanged despite severe dryness
BUENOS AIRES, Dec 30 (Reuters) - Argentina's 2010/11 wheat harvest is expected to beat initial estimates and reach 14.5 million tonnes, while the outlook for corn and soy area is stable despite dryness, Buenos Aires Grains Exchange said on Thursday.
The South American country is the world's No. 3 soybean supplier and the top global provider of soyoil and meal. It is also the second-biggest corn exporter and a major source of wheat, especially for neighboring Brazil.
Brazil's No. 2 soy state Parana to harvest earlier
SAO PAULO, Dec 30 (Reuters) - Soy producers in Brazil's Parana state will beat other regions to market with an earlier-than-usual harvest, and should reap a premium for their produce as a result, analysts said this week. Parana in the south of the world's No. 2 soy producer, got a head start with soy planting this year with plentiful rain that did not reach the top soy state Mato Grosso until weeks later, delaying the sowing of the oilseed there. Mato Grosso is usually the first to harvest its soy.
Soy in Parana, second to Mato Grosso for output, should reach the market by late January or early February and expected strong demand by then will guarantee firm prices for growers, said Felipe Prince, analyst at the Agrosecurity consultancy.
Indonesia sees palm oil output up 5.3 pct in 2011
JAKARTA, Dec 30 (Reuters) - Indonesia expects output of key plantation crops, including palm oil and rubber, to increase next year on the back of expanded acreage, improving yields and expected good weather, a senior agriculture official said on Thursday.
An unusually long rainy season this year has wreaked havoc on most of the country's plantation crops, tightening supply to global markets and driving up prices of rubber and palm oil.
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