ITS CPO export up 26.8% to 953,852 tonnes for the period of 1~15 Aug 2011.
SGS CPO export up 29.5% to 947,594 tonnes for the period of 1~15 Aug 2011.
Soybeans (Source: CME)
US soybean futures finished almost flat as expectations for beneficial rains ease crop concerns. Traders took profits ahead of the close of trading after prices in earlier dealings rose for the second day on a lower-than-expected output estimate issued by USDA Thursday. The government cut its yield estimate to 42.8 bushel/acre from its July estimate of 43.4 bushels. Yet, good rains expected this weekend "could put the yields in the beans right back up around 43," says Jack Scoville of Price Futures Group. CBOT November soybeans close up 3c at $13.34 3/4 a bushel.
Soybean Meal/Oil (Source: CME)
US soymeal futures slipped as traders book profits in a setback from gains. Prices pulled back after climbing 2.3% Thursday as the USDA slashed its outlook for soy production. Expectations for beneficial rains in growing areas added pressure to the soy complex, traders say. CBOT December soymeal closes down $1.60, or 0.5%, at $352.10/short ton. Soyoil futures also stabilize, with the December contract edging up 0.07c, or 0.1%, to 54.65c/pound.
Palm oil recoups this week's losses on markets, USDA
KUALA LUMPUR, Aug 12 (Reuters) - Malaysian palm oil futures rose for a third day, recovered most of the losses at the start of the week on the back of stronger food commodity prices and as a U.S. government forecast of lower soy output signalled tighter edible oil supply in coming months.
"The macro-economic concerns are still there but there is pronounced export growth for palm oil. The renminbi has been strong and will encourage firms to replenish food stocks including palm oil," said a trader with a foreign commodities brokerage in Kuala Lumpur.
China ups Aug soybean imports f'cast to 3.85 mln T
SHANGHAI, Aug 12 (Reuters) - China's soybean imports in August will likely reach 3.85 million tonnes, the Ministry of Commerce said, raising its earlier estimate by 22 percent. The forecast is based on reports from importers during the July 16-31 period, the ministry said in a statement on its website seen on Friday.
India's July vegoil imports likely to edge up on month
NEW DELHI, Aug 11 (Reuters) - India's palm oil imports slipped in July as buyers waited for Indonesia's tax cut from Aug. 1, a Reuters survey showed, with a 77 percent leap in soyoil purchases keeping overall volumes slightly up on the month.
But traders said despite the delay to cargoes and demand for the August to October festival season, imports next month would not match August 2010's record 1.1 million tonnes hit on the back of poor domestic availability and attractive soyoil prices.
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