Soy Oil chart reading : side way range bound.
ITS CPO export down 15% to 612,342 tonnes for the period of 1~20 Apr 2011.
SGS CPO export down 13% to 638,666 tonnes for the period of 1~20 Apr 2011.
Soybeans (Source: CME)
US soy futures end mixed, with sluggish demand dragging down front-month soy while crop worries boosted deferred contracts. Worries about dwindling demand, heightened by cancellations of China purchases, weighed on prices. But back months gained as weather forecasts continue to call for soggy weather that will delay planting. Weather boosted back-month corn, but some analysts say it shouldn't be supportive to soybeans, as fields that can't be planted to corn will be seeded with soy instead. July soy down 1 3/4c to $13.54/bushel; Nov soy, which represents the crop yet to be planted, up 4 3/4c to $13.54.
Soybean Meal/Oil (Source: CME)
CBOT soy products close mixed, with nearby soymeal pressured by weakening demand. Deferred soymeal contracts closed higher, tracking soybeans, which gained on support from corn and planting delays. Dry wheat conditions and soggy corn fields are lifting grains and oilseeds generally. Soybean oil was higher on added support from crude oil. May soymeal down $1.40 to $346.40 per short ton, May soyoil up 0.14c to 57.53c per pound.
Palm down on demand concerns, key data eyed (Source: Reuters)
Malaysian palm oil futures fell half a percent on worries that overseas demand will slow as large soybean crops are harvested in South America. "South America will produce bumper soybean crops soon, eventually top buyers will slow down palm oil import," said a trader in Kuala Lumpur.
Brazil soy crop 85 pct harvested - Celeres
SAO PAULO, April 18 (Reuters) - The harvest of Brazil's record 70.56-million-tonne soybean crop picked up over the past week as the grain belt dried out, grains analysts Celeres said on Monday. In the latest weekly report on the soy harvest, Celeres said that 85 percent of the new crop has been collected, up from 77 percent the week prior but lagging the 89 percent harvested at this time last year.
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