20110905 1535 Soy Oil & Palm Oil Related News.

Soybeans (Source: CME)
US soybean futures end higher, fueled by ongoing fears of smaller crop potential. Private forecasters continue to point to smaller yield outlooks, raising concerns of tighter supplies in 2012, analysts say. Supply concerns enabled traders to look past the negative financial market influences that arose from a weak August job report, analysts say. However, advances were limited by threat of slowing demand and acknowledgment of traders that soybean yields still have room to improve from late-season rains. CBOT Nov soy end up 11 1/4c at $14.45 3/4.

Soybean Meal/Oil (Source: CME)
Soy product futures bounce, following the lead of soybeans. Soymeal rallied on the threat of smaller available soybean supplies for crushing in 2012, while soyoil gains were muted by spillover weakness from sharp declines in crude oil futures. CBOT Dec soymeal finish up $1.50 at $385.00/short ton, and Dec soyoil ends up 0.03 cents at 58.26 cents/pound.

Palm gains as vegoils, crude strengthen
JAKARTA, Sept 2 (Reuters) -     Malaysian palm oil futures climbed as much as 2 percent, boosted by gains in other vegetable oil markets,
but worries about the health of the global economy put a cap on prices.
"Chicago Board of Trade markets rose over the week," said a Indonesia-based palm trader. "Palm is playing catch up."

Germany may spoil outlook for EU rapeseed sowings
HAMBURG, Sept 1 (Reuters) - Rain in Germany may spoil an otherwise positive picture for European Union rapeseed sowings for the
2012 harvest after bad weather caused a huge drop in the 2011 German crop, traders and analysts said on Thursday.
"It looks like the problem with German rain threatening EU rapeseed supplies will not end with this year's terrible German rapeseed
crop. Unless the weather really dries up fast, smaller German sowings could also threaten the EU's 2012 crop," one trader said.