ITS CPO export down 8.2% to 973,441 tonnes for the period of 1~25 Feb 2011.
SGS CPO export down 6% to 957,224 tonnes for the period of 1~25 Feb 2011.
Soy-product futures ended lower, backpedaling in unison with soybean futures. The markets were pressured by investors reducing risk exposure, but futures did stabilize from prior declines as tight projected soy stocks and solid demand continue to underpin prices, analysts said. CBOT May soyoil ended 0.8% lower at 55.28c/pound and May soymeal fell $1.20 to $354.90/short ton. (Source: CME)
Palm off 3-mth low; other markets limit loss on $100 crude oil
KUALA LUMPUR, Feb 24 (Reuters) - Palm oil ended off three-month lows with other vegetable oil markets limiting losses on surging crude oil although concerns lingered over Libyan unrest spreading and slowing economic growth.
"Palm oil trading is too volatile for these two days, it's difficult to predict its direction," said a trader in Kuala Lumpur, adding that palm oil exports data due on Friday could set market direction.
China March soy imports seen low at 3.16 mln T -Mofcom
BEIJING, Feb 24 (Reuters) - China's commerce ministry said it expected soy imports in March to remain low at 3.16 million tonnes, the lowest level in a year.
The March import forecast is about the same as the projection for February, which the ministry revised up slightly on Thursday to 3.17 million tonnes, the lowest since March 2010, due to poor crushing margins late 2010 and seasonal low demand for soymeal.
Brazil soy harvest gets break from rains--Somar
SAO PAULO, Feb 23 (Reuters) - The rain has let up over Brazil's top soybean producing states of Mato Grosso, Parana and Goias where the harvest is picking up the pace.
But heavy rains have drenched No. 3 soy state Rio Grande do Sul, making it still weeks away from reaping, local forecaster Somar said Wednesday.
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