20110902 1020 Soy Oil & Palm Oil Related News.

ITS CPO export down 0.6% to 1,622,731 tonnes for the period of 1~31 Aug 2011.
SGS CPO export down 0.5% to 1,620,408 tonnes for the period of 1~31 Aug 2011.

Soybeans (Source: CME)
US soybean futures ended lower, succumbing to pressure from profit-taking. Absence of fresh supportive news to extend the recent rally, and no confirmation that yields and production are worse than what traders have already factored into prices, encouraged traders to reduce some risk exposure, analysts say. Many traders were content to trim risk heading toward long holiday weekend, banking some profit while looking to reassess crop potential after the weekend, analysts add. CBOT Nov soybeans end down 23c or 1.6% at $14.34 1/2/bushel.

Soybean Meal/Oil (Source: CME)
Soy product futures ended mixed, with traders reducing risk exposure in the markets in the absence of fresh prices directing news. The uncertainty of soy production potential and talk of increased meal content in soybeans this year allowed soyoil the gain against soymeal on spreads, analysts say. CBOT Dec soyoil end up 0.08c at 55.54 cents/pound, and Dec soymeal end down $0.30 lower at $357.40/short ton.

China soy crushing picks up this week-CNGOIC
BEIJING, Sept 1 (Reuters) - China's soybean crushing this week is likely to show an increase following the recovery of soy meal  and soy oil  prices, which have given positive margins for some crushers for the first time this year, said an official think-tank on Thursday.
Plants are likely to crush more than 1.3 million tonnes of soy this week, up from 1.1 million tonnes last week, said the China National Grain and Oils Information Centre (CNGOIC0) (www.grain.gov.cn).

Argentina July soy crushing falls 9.4 pct year/year
BUENOS AIRES, Aug 30 (Reuters) - Argentine soy crushing fell 9.4 percent year-on-year in July to 3.2 million tonnes, following a record 2009/10 crop and a smaller 2010/11 harvest, the government said in its latest crushing report.
Argentina is the world's largest supplier of soyoil and soymeal and the No. 3 exporter of the unprocessed oilseed.