ITS CPO export down 36.4% to 592,538 tonnes for the period of 1~10 Sep 2011.
SGS CPO export down 36% to 389,069 tonnes for the period of 1~10 Sep 2011.
MPOB Official Data for the month of Aug 2011 vs Jul 2011
Export down 2.7%
Stock down 5.6%
Output down 4.8%
Soybeans (Source: CME)
US soybean futures end higher, bouncing back from a choppy start, as traders balanced some positions ahead of Monday's reports. The uncertainty of crop production supported prices, but without a clear picture of yield potential, many traders remained cautious, essentially holding prices within a narrow trading range, analysts say. Industry participants are bracing for government projections on crop size Monday, with most anticipating tighter supply projections. CBOT Nov soy end up 8 1/2c at $14.26 3/4/bushel.
Soybean Meal/Oil (Source: CME)
Soy product futures rallied, rising in unison with advances in soybeans. Anticipation of government forecasters tightening the supply outlook for soybeans served as the catalyst for traders to cover some short positions ahead of Monday's government crop report, analysts say. CBOT Dec soymeal finish up 0.8% at $375.10/short ton; Dec soyoil climbed 0.7% to 58.71c/lb.
Palm oil perks up ahead of industry data
KUALA LUMPUR, Sept 9 (Reuters) - Malaysian palm oil futures rose as traders took up positions ahead of a slew of industry reports that could shed light on a decline in vegetable oil supplies.
"The festival season is still ongoing but there will be some moderation in buying for some time," said a trader with a foreign commodities brokerage.
China seen buying more soy as pork output expands
SHANGHAI, Sept 8 (Reuters) - China soybean imports are likely to climb more than 10 percent to around 58 million tonnes in the year ahead as the world's biggest buyer of the grain ramps up pork production to ease tight supply, and food inflation.
The country's imports in the year to September 2012 could even hit 60 million tonnes if pig farmers, lured by record high pork prices, boost stocks, said Guo Feng, a deputy general manager at state-owned trading house Chinatex Grains and Oils Import and Export Co.
Indonesia's refined palm oil tax redraws landscape
KUALA LUMPUR, Sept 9 (Reuters) - Lower taxes on refined edible oil exports from top crude palm oil producer Indonesia are set to boost cooking oil supplies in the region, eroding margins for rival Malaysia and making cargoes cheaper for Asian buyers.
For decades, refined, bleached and deodorised (RBD) palm olein used in cooking oil enjoyed premiums of 5-10 percent over crude palm oil futures as No.2 producer Malaysia was the sole supplier with tax free exports and massive processing capacity.
USDA seen trimming U.S. soy production forecast
CHICAGO, Sept 8 (Reuters) - Hot and dry August weather in the U.S. Midwest caused soybean crop ratings to deteriorate and should prompt the U.S. Department of Agriculture to trim its forecast of the size of the soy crop by about 0.8 percent, analysts said.
However, sluggish demand for U.S. soybeans from exporters and domestic crushers will help to offset some of the harvest shortfall, leaving only a slight drop from August in 2011/12 soy inventory forecasts.
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