20111215 1028 Soy Oil & Palm Oil Related News.

ITS CPO export down 16.6% to 668,538 tonnes for the period of 1~15 Dec 2011.
SGS CPO export down 19.2% to 649,138 tonnes for the period of 1~15 Dec 2011.

Soybeans (Source: CME)
US soybean futures succumb to pressure Wednesday from a stronger dollar and broad weakness in commodities and equities, tumbling to a 14-month low. Worries about Europe's debt crisis and the global economy set the negative tone, traders say. The outside pressure nullified any support from worries about the South America crop, which is facing dry weather that, if it persists, could harm yields. Soybean prices, pressured throughout the fall by weak exports, fall to lowest level since Oct. 2010. CBOT Jan. soybeans end down 18 1/2c, to 1.7%, to $11 per bushel.

Soybean Meal/Oil (Source: CME)
March soyoil down 0.83c to 48.80 cents/lb, and March soymeal down $1.60 to $286.30.

Palm near 6-week lows on Europe, demand concerns
JAKARTA, Dec 14 (Reuters) - Palm futures dropped to trade near six-week lows, weighed down by the euro zone debt crisis and doubts about demand after bleak inventory data earlier this week.
"Palm oil looks a bit slow," said a Jakarta-based trader.

India's Nov vegoil imports up 28 pct on year - trade
MUMBAI, Dec 14 (Reuters) - India imported 855,363 tonnes of vegetable oils in November, up 28 percent from 668,917 tonnes a year ago, data released by a leading trade body showed on Wednesday, slightly above average expectations in a Reuters poll.
India's vegetable import in November is seen at 828, 875 tonnes, according to a Reuters poll.

Slow soymeal use restrains soy crushings- Oil World
HAMBURG, Dec 13 (Reuters) - Sluggish global soymeal demand is restraining soybean crushings and so production of soyoil, Hamburg-based oilseeds analysts Oil World said on Tuesday.
"World consumption of soymeal will be smaller than expected in the Oct./Dec. quarter, probably rising by only 0.8 percent from last year to an estimated 46.0 million tonnes, thus continuing the sluggishness already experienced in July/Sept. 2011," Oil World said.