Soybeans (Source: CME)
Profit-taking weighed on US soybean as farmers were expected to sell out after prices posted big gains last week. Soybeans suffered bigger correction than corn futures after strong prior week tied to tighter USDA supply outlook. Weaker outside markets also pressured soybeans after signs emerged in Europe that the debt crisis could drag on longer than hoped. CBOT November soybeans close down 19c, or 1.5%, at $12.51. CBOT December soymeal closes down $3.60, or 01.1%, at $324 per short ton. December soyoil was down 64 cents, or 1.2%, at 52.90 cents per pound.
Soybean Meal/Oil (Source: CME)
CBOT December soymeal closed down $3.60, or 01.1%, at $324 per short ton. December soyoil was down 64 cents, or 1.2%, at 52.90 cents per pound.
Palm oil hits 3-week high on exports, economy
KUALA LUMPUR, Oct 17 (Reuters) - Malaysian palm oil futures rose to their highest in nearly three weeks on solid export growth and expectations that euro zone policy makers will come up with a plan to solve the region's debt woes.
"Export data is supportive and the market is watching the euro zone issues. One camp is talking about how high exports may reduce palm oil stocks as output may have hit its peak this year," said a trader with a foreign brokerage in Kuala Lumpur.
No comments:
Post a Comment