20111025 0953 Soy Oil & Palm Oil Related News.

ITS CPO export up 16.4% to 1,395,935 tonnes for the period of 1~25 Oct 2011.
SGS CPO export up 13.5% to 1,366,499 tonnes for the period of 1~25 Oct 2011.

Soybeans (Source: CME)
US soybean futures end higher, rising on broader-based investor buying in commodity markets. Improved outlooks for the global economy, with better industrial data from China and hope that the EU will push toward a plan that would alleviate Europe's debt crisis attracts buyers, analysts say. Firm cash prices, with end users aggressively searching for supplies while farmers continue to opt to store inventories instead of marketing them added to the higher price theme. CBOT Nov soy end up 1.2% at $12.26 3/4/bushel; Jan soy end up 1.2% at $12.35 1/4.

Soybean Meal/Oil (Source: CME)
Soy product futures rally in step with soybeans, buoyed by renewed interest in commodities on improved global economic sentiment. Soymeal futures drew further support from firm cash basis levels amid talk of processors having trouble securing soybeans with high protein counts to produce hi-pro soymeal, analysts say. CBOT Dec soymeal end up 1.6% at $321.50/short ton; Dec soyoil end up 1.1% at 51.79c/pound.

Palm oil up on Euro optimism, lower output
JAKARTA,, Oct 24 (Reuters) - Malaysian palm oil futures rose , as possible progress on the euro zone debt problems combined with expectations of lower output for the edible oil, helped boost sentiment.
"There is a bit of strength coming from higher crude oil and the Dalian," said a palm oil dealer in Kuala Lumpur. "The feeling in the palm market now is not too bearish because we're expecting to see production coming off.

Argentine farmers begin 2011/12 soy seeding -gov't
BUENOS AIRES, Oct 21 (Reuters) - Argentine farmers began to plant soy this week for the 2011/12 season as recent rains boosted soil moisture, the Agriculture Ministry said in its latest report on Friday.
Argentina is the world's top soymeal and soyoil exporter and the third-biggest soybean supplier. The government says farmers will produce between 52 million tonnes and 53 million tonnes this season, up from 48 million tonnes last season.

Forward sales of Argentina 2011/12 soy up 50 pct
BUENOS AIRES, Oct 21 (Reuters) - Forward sales of Argentina's 2011/12 soy crop have barely started and already have surpassed by 50 percent the sales booked at this time last year and growers are using the sales to finance planting.
The agriculture ministry said that through Oct. 12 exporters had bought 4.2 million tonnes of the 2011/12 crop, compared with 2.7 million tonnes previously.