ITS CPO export up 15% to 991,917 tonnes for the period of 1~20 Jun 2012.
SGS CPO export up 15.1% to 996,662 tonnes for the period of 1~20 Jun 2012.
Soybean Complex Market Recap (Source: CME)
August Soybeans finished up 48 3/4 at 1419, 18 1/2 off the high and 44 1/4 up from the low. November Soybeans closed up 42 at 1381 1/4. This was 38 1/4 up from the low and 13 3/4 off the high. August Soymeal closed up 11.7 at 421.4. This was 11.2 up from the low and 7.6 off the high. August Soybean Oil finished up 1.58 at 50.51, 0.32 off the high and 1.44 up from the low. Soybeans continued their move higher today in explosive fashion. The November contract traded 45 1/2 cents higher towards the end of today's trading session. The warm and dry forecast for the central and western portions of the Midwest could result in yield reduction in an already tight old crop supply situation. The July contract gained on November soybeans after the USDA announced private exporters sold 140,000 tonnes of old crop beans to an unknown destination. A continuation of the rally will depend on positive outside market developments and continued bullish weather factors
Pro Farmer: After the Bell Soybean Recap (Source: CME)
Soybean futures finished off their highs with still-impressive gains of 43 1/4 to 51 cents through the January contract, with old-crop futures leading gains. Soyoil and soymeal finished sharply higher thanks to spillover support. Futures trimmed gains in after-hours trade. Soybean traders focused on taking advantage of a weaker dollar by building weather premium.
VEGOILS-Palm edges up on U.S. dry weather outlook
SINGAPORE, June 19 (Reuters) - Malaysian palm oil futures gained on expectations of higher demand as dry U.S. weather could damage the soybean crop further, tightening global edible oil supply.
"Prices should remain positive with the Greeks behind us. Dry weather in the U.S. Midwest also supports a bullish stance," said a trader with a local commodities brokerage in Malaysia.
Argentine soy harvest seen at 40.5 mln T -Rosario
BUENOS AIRES, June 18 (Reuters) - Argentina's biggest grains exchange trimmed its forecast for 2011/12 soy output on Monday to 40.5 million tonnes, down from May's estimate of 40.9 million tonnes as harvesting enters the home stretch.
Farmers in the world's top supplier of soyoil and soymeal have brought in 98 percent of this season's drought-afflicted crop, Rosario grains exchange said in a report. Poor yields and some key growing areas prompted the downward revision.
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