ITS CPO export up 31.8% to 496,918 tonnes for the period of 1~10 Oct 2011.
SGS CPO export up 25.1% to 486,882 tonnes for the period of 1~10 Oct 2011.
MPOB Official Data for the month of Sep 2011 vs Aug 2011
Exports down 8.8% to 1,543,425 tonnes
Stocks up 12.4% to 2,119,985 tonnes
Output up 12.1% to 1,869,369 tonnes
Imports up 9.4% to 69,857 tonnes
Soybeans (Source: CME)
US soybean futures end lower, succumbing to harvest released selling pressure. Traders bracing for an aggressive harvest weekend pace, were cautious not to push prices higher, analysts say. Industry analysts were also gearing up for a potential increased in production estimates when government forecasters release their latest crop production outlooks next week, analysts add. Otherwise, traders were unwilling to aggressive move prices amid lingering uncertainty about the global economy. CBOT Nov soybeans ended down 5 1/2c at $11.58 1/4/bushel.
Soybean Meal/Oil (Source: CME)
Soy product futures end mixed, with prices trading in both positive and negative territory. Traders say prices were consolidating ahead of the weekend and next week's crop report. CBOT Dec soymeal ended up $0.20 higher at $304.30/short ton, and Dec soyoil was up 0.18c at 49.32 cents/pound.
Palm oil falls, set for worst weekly performance since June
KUALA LUMPUR, Oct 7 (Reuters) - Malaysian palm oil fell and is on course for its worst weekly showing since June as short-sellers continued to offload more holdings than bargain hunters could scoop up.
"There is a bit of a war going on," said a trader with a foreign commodities brokerage.
India's Sept oilmeal exports up 11.5 pct y/y-trade
NEW DELHI, Oct 7 (Reuters) - India's oilmeal exports rose 11.5 percent in September, its eleventh straight monthly rise, helped by a jump in oilseeds output and improved demand from Southeast Asia, a leading trade body said on Friday.
Oilmeal exports from India, Asia's leading supplier, were 394,877 tonnes in September compared with 354,252 tonnes a year earlier.
Linn Group raises US soy yield forecast by 2.9 pct
CHICAGO, Oct 6 (Reuters) - The Linn Group, a Chicago-based commodity research and brokerage firm, on Thursday raised its
estimate of the 2011 U.S. soybean yield to 42.2 bushels per acre (bpa), up 2.9 percent from 41.0 bpa in late August.
The firm raised its soybean production estimate to 3.086 billion bushels from its prior estimate of 2.997 billion.
Yields to bring down Brazil's new soy crop-gov't
BRASILIA, Oct 6 (Reuters) - Brazil may suffer its biggest drop in soy output in decades next year if dry conditions from a possible return of La Nina weather descend on the southern grain belt, the government said on Thursday.
In its first forecast of 2011/12, the government's crop supply agency Conab said soy output will fall to 72.18-73.29 million tonnes from a record 75.3 million last year.
UK rapeseed exports to rise following record crop
LONDON, Oct 6 (Reuters) - UK exports of rapeseed could rise to more than 500,000 tonnes in 2011/12, boosted by a record crop and diminished competition from Germany, David Eudall, senior analyst at Britain's Home-Grown Cereals Authority said on Thursday.
"There is a very large export market for the UK," he told the HGCA's annual outlook conference, adding UK exports could be "500,000 tonnes or above".
Malaysia to talk to Indonesia about palm oil export tax cuts-report
KUALA LUMPUR, Oct 6 (Reuters) - Malaysia, the world's second biggest palm oil producer, wants to hold talks with top producer Indonesia over its decision to slash exports for processed vegetable oils, Commodities Minister Bernard Dompok was quoted on Thursday as saying.
Dompok was quoted by state news agency Bernama as saying the government was studying the impact of the Indonesian tax cut, which Malaysian refiners says puts them at a price disadvantage
Malaysia's Sept. palm oil stocks seen climbing again
KUALA LUMPUR, Oct 6 (Reuters) - Malaysian palm oil stocks likely rebounded in September from the previous month as production outpaced moderating export demand after a major Muslim festival, a Reuters survey of five plantation houses showed on Thursday.
Stocks in the world's second biggest producer likely rose 3.5 percent to 1.95 million tonnes, snapping two months of declines and further weighing on benchmark palm oil futures.
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