ITS CPO export down 16.9% to 1,181,141 tonnes for the period of 1~25 Jan 2012.
SGS CPO export down 19.9% to 1,182,707 tonnes for the period of 1~25 Jan 2012.
Soybeans (Source : CME)
US soy futures end lower on easing South America supply concerns. The market pulled back after recent strong gains amid talk that South America soy-crop damage could be limited, although analysts say there seemed to be little conviction in the downside move. Soy futures fell while corn gained as traders try to gauge potential US crop acreage this spring. Gulf export basis has been strong recently, but traders say that sales have remained lackluster. CBOT March soybeans fell 3 3/4c to $12.19/bushel.
Soybean Meal/Oil (Source : CME)
March soymeal dropped $1.40 to $322.20/short ton and March soyoil was off 0.35c at 51.59c/pound.
Palm oil inches up in thin trades on Fed move
SINGAPORE, Jan 27 (Reuters) - Malaysian crude palm oil edged up in thin trades, lifted by the U.S. Federal Reserve's pledge to keep interest rates low although gains were capped by fears of slowing demand.
"The market is expected to be range bound," said a dealer with a foreign commodities brokerage in Malaysia, pointing to a relatively quiet market as most traders were still on holiday for the Lunar New Year.
Drought drags down Brazil soy crop estimate
SAO PAULO, Jan 26 (Reuters) - Brazil's second and third-biggest soy states lowered their crop estimates for the 2011/12 season on Thursday, providing more early signs of the impact of drought on the world's No. 2 soy-producing country.
Drought over the grain belts of Brazil and Argentina, the world's second- and third-largest suppliers of soy, has sent Chicago soybean and corn futures prices surging in past weeks as markets weigh its impact on global food supplies.
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