20110715 1039 Soy Oil & Palm Oil Related News.

ITS CPO export up 12% to 752,047 tonnes for the period of 1~15 Jul 2011.
SGS CPO export up 4.6% to 731,842 tonnes for the period of 1~15 Jul 2011.

Soybeans (Source: CME)
U.S. soybean futures managed to sustain price strength, supported by ongoing concerns about production and weather. The market continues to price in hotter and drier weather forecasts, building risk premium in prices, as traders look to weather particularly ahead of the crop's critical yield producing stage in August. A drop in the U.S. dollar helped support higher prices as well. CBOT November soybeans end up 0.3% at $13.84 a bushel.

Soybean Meal/Oil (Source: CME)
Soy product futures end mixed, with soymeal rising in unison with soybeans. Soyoil futures stumbled, succumbing to spillover pressure from crude oil futures and lackluster near term export demand, analysts said. CBOT December soyoil finished down 0.5% and December soymeal climbed 0.7%.

Palm up on global markets despite ample supply
KUALA LUMPUR, July 14 (Reuters) - Palm oil futures hit a near three-week high  on the back of firmer grains complex and crude oil, despite growing stocks in No.2 producer Malaysia.
"The external markets and euro debt woes are in play in the market, it's not the demand-supply fundamentals that moves the trade," said a trader in Kuala Lumpur.

China 2011/12 soybean imports seen at 56.1-56.6 mln tonnes - COFCO official
XI'AN, July 14 (Reuters) - China's soybean imports in the 2011/12 crushing year are likely to regain upward momentum, rising nearly 10 percent from a year earlier, after an expected mild increase in 2010/11, said a COFCO official on Thursday.
Soybean imports were expected to rise 8.7 to 9.7 percent year on year to 56.1 million to 56.6 million tonnes in the crushing year starting October, said Zhang Jinjun, a deputy general manager with the oil and oilseeds department under state-owned China National Cereals, Oils and Foodstuffs Corp, at a conference in Xi'an.

India June vegoil imports up 30 pct m/m-trade body
NEW DELHI, July 14 (Reuters) - India's vegetable oil imports in June rose to 862,550 tonnes from 664,133 tonnes in the previous month, a leading trade body said on Thursday, the third straight monthly rise and slightly above the average forecast in a Reuters poll.
The imports are the highest since November, as expected by traders, as local supplies remain poor.

NOPA June U.S. soy crush seen at 118.9 mln bushels
CHICAGO, July 13 (Reuters) - The National Oilseed Processors Association (NOPA) monthly crush data slated for release Thursday should show the U.S. crush for June at 118.9 million bushels, according to an average of analysts' estimates.
Trade estimates ranged from 117.0 million to 122.0 million bushels. NOPA reported the May crush at 120.319 million bushels.