ITS CPO export up 2.3% to 1,281,653 tonnes for the period of 1~25 Jul 2011.
SGS CPO export up 1.9% to 1,294,428 tonnes for the period of 1~25 Jul 2011.
Soybeans (Source: CME)
US soybean futures finish little changed as traders step to the sidelines while waiting for clarity on weather forecasts. Outlook for next week is mixed bag following unfavorably high temperatures, with cooler, wetter conditions expected early in the week before heat returns. Key period for weather for the soybean crop isn't until August. "People are trying to consolidate positions, waiting to see what the Sunday night weather forecasts will show," says Dave Marshall, an independent commodities broker. CBOT November soybeans edge up 1/4c to $13.88 1/4 a bushel.
Soybean Meal/Oil (Source: CME)
US soy product futures finish slightly higher on spillover support from grain markets. The complex turned higher shortly before the close of trading, following a late surge in corn and wheat prices. Soy markets have taken direction from corn recently as intense Midwest heat has threatened corn output. Weather won't have its biggest impact on the soy crop until August. CBOT December soymeal rises 40c, or 0.1%, to $369.30 per short ton; December soyoil gains 0.1c, or 0.2%, to 57.48c per pound.
Rice (Source: CME)
US rice futures finish down as the market continues to pull back from last week's surge. Market participants booked profits after prices neared 3-week highs on concerns about lower-than-expected plantings and inventories. CBOT September rice falls 11 1/2c to $16.74/hundredweight, putting the week's decline at 25 1/2c.
Palm oil futures up on talk of slowing output
KUALA LUMPUR, July 22 (Reuters) - Malaysian palm oil futures bounced as firmer overseas markets and fresh talk of a dip in production lifted sentiment.
"Market players said that the weather is bringing bad yields, therefore production in July is down slightly," said a trader in Kuala Lumpur.
Argentina lowers soy crop estimate to 48.8 mln T
BUENOS AIRES, July 21 (Reuters) - Argentina's 2010/11 soy production is seen totaling 48.8 million tonnes, down from a previous estimate of 49.6 million tonnes, the Agriculture Ministry said in its monthly crop report on Thursday.
Argentina is the world's No. 1 soymeal and soyoil exporter, as well as its third-biggest soybean supplier. The U.S. Department of Agriculture (USDA) estimates the country's soy output at 49.5 million tonnes this season.
EU rapeseed harvest looking bad, rain slows work
HAMBURG, July 21 (Reuters) - The European Union is facing a sharply lower rapeseed crop in 2011, with falls in Germany and Eastern Europe outweighing better outlooks for crops in France and Britain, traders and analysts said on Thursday.
"The poor crop forecasts in Germany and the east look like being confirmed," a rapeseed trader said. "With harvesting now underway, there are increasing signs improvements in other EU regions are not enough to make up the losses."
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