ITS CPO export up 48% to 592,538 tonnes for the period of 1~10 Aug 2011.
SGS CPO export up 53% to 608,236 tonnes for the period of 1~10 Aug 2011.
MPOB Official Data for the month of Jul 2011 vs Jun 2011
Export up 9.12%
Stock down 2.78%
Output down 0.11%
Soybeans (Source: CME)
US soybean futures slide near a 5-month low as the market was driven lower by traders trimming risk premiums on favorable weather for developing crops and slower demand, which took the edge off prices. The soy crop can be greatly aided by August weather--and cooler, wetter conditions are just what the crop needs moving through its reproductive stage, says Don Roose of US Commodities. The soybean declines came despite rising grain futures, a reflection that current weather is improving yield potential, Roose adds.
Soybean Meal/Oil (Source: CME)
Products were hurt by sliding demand. CBOT November soy dropped 11 3/4c to $12.99 3/4 a bushel while December soymeal falls 0.8% to $343.60/short ton and soyoil drops 1.5% to 53.62c/pound.
Palm oil falls to new 9-mth lows on weak global sentiment
KUALA LUMPUR, Aug 9 (Reuters) - Malaysian palm oil futures hit fresh nine-month lows as concerns that a global economic slowdown was imminent after the U.S. credit downgrade continue to pressure financial markets.
"Palm oil is trying to find a balance when crisis in U.S. and Europe is hitting global markets while demand-supply fundamental in Malaysia is expected to be bullish," said a trader in Kuala Lumpur.
Brazil soy area seen growing 3 pct - Agroconsult
SAO PAULO, Aug 8 (Reuters) - Brazil's soybean area is expected to grow 3 percent next season as attractive prices push producers to expand planting in frontier areas, analysts Agroconsult said on Monday.
The analysts said the area planted to soybeans would reach 25 million hectares (61.8 million acres) in 2011/12, up from the 24.2 million hectares this season.
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