20110316 0836 Soy Oil & Palm Oil Related News.

Broad commodities sell off including soy oil due to fear on global economy growth sustainability lead to closed at or near daily limit down price could affect FCPO to to opened gap down lower.

U.S. soybean futures fall on renewed concerns about the global economy and fears of slowing demand from Japan. Soybean futures drop by their daily exchange-imposed limit, as market participants continue to bail out of markets until there is a "return to a sense of normalcy" following last week's disasters in Japan, predicts Brian Hoops, president of Midwest Market Solutions. The uncertainty in global markets and the implications of a slowdown in Japan will have on global economic growth kept investors shedding risk exposure. CBOT May soybeans settle 70c or 5.2% lower at $12.70 as bushel.  (Source: CME)

Soy-product futures end sharply lower, tumbling in unison with a broad-based selloff across most asset classes on renewed fears of global economic slowdown. Investors rushed to exit riskier assets in favor of cash. Soyoil futures dropped its daily exchange-imposed limit, with spillover pressure from a hard slide in crude oil adding to the losses. CBOT May soyoil ended 2.5c lower at 52.88c/pound while May soymeal slid 4.1% to $340.80/short ton. (Source: CME)

Quake to cut US corn, soy imports by Japan-analyst
CHICAGO, March 14 (Reuters) - Japanese demand for U.S. corn may drop 3 to 7 percent and demand for soybeans could dip 8 percent after last week's earthquake and tsunami damaged or destroyed ports, feed mills and meat-processing facilities, a top U.S. commodities analyst said on Monday.
Corn imports by the top U.S. corn buyer could drop by 500,000 to 1 million tonnes while soybean imports by Japan, the No. 3 market for U.S. soybeans, may decline by 250,000 tonnes, said Dan Basse, analyst with AgResource Co.

Palm oil down to near 4-mth low on Japan nuclear plant blasts
JAKARTA, March 15 (Reuters) - Malaysian palm oil futures fell to near four-month lows as jittery commodity investors sought perceived safe haven assets after fresh explosions rocked a damaged nuclear plant in earthquake-hit Japan.  "A sell-off in equities has also had an impact on commodities," said one palm oil analyst. "People are becoming more risk-averse. The stimulus Japan will now put in, will put them back (economically) for years.

Rain boosts Argentine soy as harvest kicks off
BUENOS AIRES, March 14 (Reuters) - Heavy rainfall over the weekend has boosted Argentine soy and early-planted crops should not need more rain before harvest time, a specialist in crop weather said on Monday.
Argentina is the world's No. 1 exporter of soyoil and soymeal and its No. 3 soybean supplier, as well as a major producer of both corn and wheat.