GRAINS-Corn drops for 3rd session on recession fears, wheat eases
SINGAPORE, Sept 1 (Reuters) - Chicago corn slid for a third consecutive session on Thursday as growing concerns over a global recession weighed on commodity markets, although losses were limited by hot weather curbing U.S. and European crop prospects.
Wheat and soybeans edged lower.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 slid 0.3% to $6.68-1/2 a bushel, as of 0018 GMT and wheat Wv1 gave up 0.7% to $8.26 a bushel.
Soybeans Sv1 lost 0.1% to $14.21-1/4 a bushel.
Global markets are being weighed down by fears of recession which dragged down stocks and commodities on Wednesday.
However, expectations of lower U.S. production is supporting corn prices.
Advisory service Pro Farmer last week estimated the U.S. corn yield at 168.1 bushels per acre, well below the USDA's forecast of 175.4. The Pro Farmer harvest projection followed a four-day Midwest crop tour that showed the effects of hot, dry weather in some areas.
For soybeans, Pro Farmer predicted a U.S. crop of 4.535 billion bushels, close to the USDA's August forecast of 4.531 billion bushels.
Worries about shipments from war-torn Ukraine is likely to support corn and wheat futures.
Grain silos in Ukraine's second-biggest port, Mykolaiv, were hit by Russian shelling of the city on Tuesday, causing a fire that was still burning on Wednesday, Ukraine's emergencies service said.
The U.S. Department of Agriculture (USDA) confirmed private sales of 167,000 tonnes of U.S. soybeans to China, the latest in a series of U.S. soy sales announcements in the last two weeks.
The USDA on Wednesday said it would not publish weekly export sales data for crops like corn, soybeans and wheat until Sept. 15 at the earliest, leaving grain traders in the dark about overseas demand.
It is struggling to launch a new reporting system for the data, which has a week-long delay and is analysed by traders and farmers.
Commodity funds were net sellers of CBOT soybean, corn and soymeal futures contracts on Wednesday and net buyers of wheat and soyoil futures, traders said.
MARKET NEWS
World stocks fell again on Wednesday, as expectations that central banks on both sides of the Atlantic will likely raise borrowing costs again next month soured sentiment and stoked recession fears, which dragged oil prices below $90 a barrel.
By: via Malaysian Palm Oil Council Russia
среда, 31 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil slips as Indonesia lowers thresholds on export levies
KUALA LUMPUR, Sept 1 (Reuters) - Malaysian palm oil futures slipped on Thursday, tracking weaker rival oils, after top producer Indonesia lowered the thresholds for its levies on shipments of the commodity.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slid 16 ringgit, or 0.39%, to 4,125 ringgit a tonne during early trade.
FUNDAMENTALS
The new levies by Indonesia will come into effect on Nov. 1, marking an end to several months where the country waived the tariffs to encourage shipments amid a glut in domestic stock.
Indonesia has set its crude palm oil reference price at $929.66 per tonne for Sept. 1-15 period, putting the export tax lower than previously expected at $74 per tonne.
Exports of Malaysian palm oil products for August rose 1.6% to 1,299,116 tonnes from July, cargo surveyor Intertek Testing Services said on Wednesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.7%, while its palm oil contract DCPcv1 lost 0.3%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil is poised to break a support at 4,085 ringgit per tonne, and fall towards 3,857 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks slid and the dollar spiked, as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Sept 1 (Reuters) - Malaysian palm oil futures slipped on Thursday, tracking weaker rival oils, after top producer Indonesia lowered the thresholds for its levies on shipments of the commodity.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slid 16 ringgit, or 0.39%, to 4,125 ringgit a tonne during early trade.
FUNDAMENTALS
The new levies by Indonesia will come into effect on Nov. 1, marking an end to several months where the country waived the tariffs to encourage shipments amid a glut in domestic stock.
Indonesia has set its crude palm oil reference price at $929.66 per tonne for Sept. 1-15 period, putting the export tax lower than previously expected at $74 per tonne.
Exports of Malaysian palm oil products for August rose 1.6% to 1,299,116 tonnes from July, cargo surveyor Intertek Testing Services said on Wednesday.
Dalian's most-active soyoil contract DBYcv1 fell 0.7%, while its palm oil contract DCPcv1 lost 0.3%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil is poised to break a support at 4,085 ringgit per tonne, and fall towards 3,857 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks slid and the dollar spiked, as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Indonesia increases 2022 biodiesel allocation to 11.03 mln kl statement
JAKARTA, Aug 29 (Reuters) - Indonesia raised its 2022 biodiesel allocation to 11.03 million kilolitres from 10.15 million, following an expectation of rising diesel consumption in the fourth quarter this year, chief economic minister, Airlangga Hartarto, said on Monday.
Indonesia has also decided to extend its export levy waiver until Oct. 31. The world's top palm oil exporter has waived palm oil export levy since mid-July.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Aug 29 (Reuters) - Indonesia raised its 2022 biodiesel allocation to 11.03 million kilolitres from 10.15 million, following an expectation of rising diesel consumption in the fourth quarter this year, chief economic minister, Airlangga Hartarto, said on Monday.
Indonesia has also decided to extend its export levy waiver until Oct. 31. The world's top palm oil exporter has waived palm oil export levy since mid-July.
By: via Malaysian Palm Oil Council Russia
воскресенье, 28 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn jumps to 2-month high as dryness curbs U.S. yields
SINGAPORE, Aug 29 (Reuters) - Chicago corn futures rose for a second session on Monday to their highest in two months after a U.S. crop tour forecast lower production, raising concerns over global supplies.
Wheat gained more ground, while soybeans eased.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) CV1 added 0.8% to $6.69-1/2 a bushel, as of 0022 GMT, after climbing to its highest since June 24 at $6.74 a bushel.
Wheat Wv1 rose 0.5% to $8.09-1/2 a bushel and soybeans Sv1 lost 0.7% to $14.50-3/4 a bushel.
Advisory service Pro Farmer projected a U.S. corn harvest of 13.759 billion bushels, which would be the smallest since 2019 and below government forecasts for 14.359 billion bushels.
Pro Farmer predicted a soybean crop of 4.535 billion bushels, slightly bigger than the U.S. Department Agriculture outlook for a record 4.531 billion bushels.
Ukraine's 2022 wheat harvest is 98% complete at 18.8 million tonnes in spite of the war in the country's east and south, data from Ukraine's agriculture ministry showed.
Ukraine, a major global grain grower and exporter, harvested a record 86 million tonnes of grain in 2021 including 42.1 million tonnes of corn and 32.2 million tonnes of wheat.
India, the world's biggest rice exporter, is considering whether to restrict exports of 100% broken rice, government and industry officials told Reuters on Friday, after the paddy area has been reduced by a lack of rainfall.
The potential export curbs could lift rice prices globally because India accounts for more than 40% of the world's rice shipments. It could also hit a few poor African countries that import 100% broken rice for human consumption, though that variety is mainly used for feed purposes.
Large speculators raised their net long position in CBOT corn futures in the week to Aug. 23, regulatory data released on Friday showed.
The Commodity Futures Trading Commission's weekly commitments of traders report also showed that non-commercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and raised their net long position in soybeans.
MARKET NEWS
Asian shares slid on Monday, as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher and tested equity and earnings valuations.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 29 (Reuters) - Chicago corn futures rose for a second session on Monday to their highest in two months after a U.S. crop tour forecast lower production, raising concerns over global supplies.
Wheat gained more ground, while soybeans eased.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) CV1 added 0.8% to $6.69-1/2 a bushel, as of 0022 GMT, after climbing to its highest since June 24 at $6.74 a bushel.
Wheat Wv1 rose 0.5% to $8.09-1/2 a bushel and soybeans Sv1 lost 0.7% to $14.50-3/4 a bushel.
Advisory service Pro Farmer projected a U.S. corn harvest of 13.759 billion bushels, which would be the smallest since 2019 and below government forecasts for 14.359 billion bushels.
Pro Farmer predicted a soybean crop of 4.535 billion bushels, slightly bigger than the U.S. Department Agriculture outlook for a record 4.531 billion bushels.
Ukraine's 2022 wheat harvest is 98% complete at 18.8 million tonnes in spite of the war in the country's east and south, data from Ukraine's agriculture ministry showed.
Ukraine, a major global grain grower and exporter, harvested a record 86 million tonnes of grain in 2021 including 42.1 million tonnes of corn and 32.2 million tonnes of wheat.
India, the world's biggest rice exporter, is considering whether to restrict exports of 100% broken rice, government and industry officials told Reuters on Friday, after the paddy area has been reduced by a lack of rainfall.
The potential export curbs could lift rice prices globally because India accounts for more than 40% of the world's rice shipments. It could also hit a few poor African countries that import 100% broken rice for human consumption, though that variety is mainly used for feed purposes.
Large speculators raised their net long position in CBOT corn futures in the week to Aug. 23, regulatory data released on Friday showed.
The Commodity Futures Trading Commission's weekly commitments of traders report also showed that non-commercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and raised their net long position in soybeans.
MARKET NEWS
Asian shares slid on Monday, as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher and tested equity and earnings valuations.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rebounds, Indonesia levy waiver weighs
KUALA LUMPUR, Aug 29 (Reuters) - Malaysian palm oil futures rose on Monday, rebounding from a two-session decline, but top producer Indonesia's extension of its export levy waiver weighed on sentiment.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.72%, to 4,204 ringgit ($937.14) a tonne during early trade.
Palm is set for a short trading week, as the Malaysia bourse will be closed on Wednesday for a public holiday.
FUNDAMENTALS
Indonesia raised its 2022 biodiesel allocation to 11.03 million kilolitres from 10.15 million, following an expectation of rising diesel consumption in the fourth quarter this year, chief economic minister, Airlangga Hartarto, said.
The world's biggest producer also decided to extend its export levy waiver until Oct. 31.
Dalian's most-active soyoil contract DBYcv1 fell 0.1%, while its palm oil contract DCPcv1 fell 0.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Palm oil may test a support at 4,085 ringgit per tonne, a break below may open the way towards 3,857 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares slid, as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields and the dollar sharply higher, and tested equity and earnings valuations.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Aug 29 (Reuters) - Malaysian palm oil futures rose on Monday, rebounding from a two-session decline, but top producer Indonesia's extension of its export levy waiver weighed on sentiment.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.72%, to 4,204 ringgit ($937.14) a tonne during early trade.
Palm is set for a short trading week, as the Malaysia bourse will be closed on Wednesday for a public holiday.
FUNDAMENTALS
Indonesia raised its 2022 biodiesel allocation to 11.03 million kilolitres from 10.15 million, following an expectation of rising diesel consumption in the fourth quarter this year, chief economic minister, Airlangga Hartarto, said.
The world's biggest producer also decided to extend its export levy waiver until Oct. 31.
Dalian's most-active soyoil contract DBYcv1 fell 0.1%, while its palm oil contract DCPcv1 fell 0.8%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Palm oil may test a support at 4,085 ringgit per tonne, a break below may open the way towards 3,857 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares slid, as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields and the dollar sharply higher, and tested equity and earnings valuations.
By: via Malaysian Palm Oil Council Russia
четверг, 25 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn set for weekly gain on U.S. crop concerns; soybeans firm
SINGAPORE, Aug 26 (Reuters) - Chicago corn futures gained on Friday, with the market climbing for seven of eight sessions and poised for a weekly gain as hot weather conditions continue to impact U.S. crop, raising concerns over world supplies.
Soybeans rose, while wheat ticked lower.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 was up 0.7% at $6.54-1/2 a bushel, as of 0155 GMT. The market gained more than 5% this week and is trading close to a two-month high scaled earlier this week.
Soybeans Sv1 and wheat Wv1 climbed more than 2% each this week.
Farmers and commodity traders are closely watching the Pro Farmer Midwest Crop Tour at a time when bumper U.S. crops are needed to offset low global grain supplies. Yet, extreme heat and drought in parts of the Midwest have caused concern over weather impacts on crop yields.
Iowa's corn yield prospects are on par with the three-year average, while soybean pod counts are above the three-year average, scouts on an annual tour of top U.S. production states found on Thursday.
India's cabinet on Thursday approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement.
As China's record heatwave starts to subside, farmers are assessing the damage caused by a prolonged drought and the government is urging them to replant or switch crops where they can.
More than 70 days of extreme temperatures and low rainfall have wreaked havoc along the basin of the Yangtze, which supports more than 450 million people as well as a third of the country's crops.
Egypt, one of the world's largest wheat importers, is believed to have made no purchase of imported wheat in talks with trading houses on Wednesday, traders said. The General Authority for Supply Commodities (GASC) considered prices offered as too high, they said.
Nearly complete quality results from France's soft wheat harvest showed slightly weaker protein levels than in initial samples, underscoring a decline compared with last year, according to data from farm office FranceAgriMer on Thursday.
For protein, 27% of soft wheat analysed so far came below 11% content, often a minimum standard for milling markets, compared with 24% in initial results published last week by FranceAgriMer with crop institute Arvalis.
Commodity funds were net sellers of CBOT wheat, soybean, corn and soymeal futures contracts on Thursday and net even in soyoil futures, traders said.
MARKET NEWS
Upbeat economic data in Germany and gains in U.S. mega-cap growth stocks helped lift an index of global stock markets on Thursday, while U.S. Treasury yields slipped as investors waited for the Federal Reserve's Jackson Hole meeting for insights into the central bank's plans to combat inflation.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 26 (Reuters) - Chicago corn futures gained on Friday, with the market climbing for seven of eight sessions and poised for a weekly gain as hot weather conditions continue to impact U.S. crop, raising concerns over world supplies.
Soybeans rose, while wheat ticked lower.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 was up 0.7% at $6.54-1/2 a bushel, as of 0155 GMT. The market gained more than 5% this week and is trading close to a two-month high scaled earlier this week.
Soybeans Sv1 and wheat Wv1 climbed more than 2% each this week.
Farmers and commodity traders are closely watching the Pro Farmer Midwest Crop Tour at a time when bumper U.S. crops are needed to offset low global grain supplies. Yet, extreme heat and drought in parts of the Midwest have caused concern over weather impacts on crop yields.
Iowa's corn yield prospects are on par with the three-year average, while soybean pod counts are above the three-year average, scouts on an annual tour of top U.S. production states found on Thursday.
India's cabinet on Thursday approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement.
As China's record heatwave starts to subside, farmers are assessing the damage caused by a prolonged drought and the government is urging them to replant or switch crops where they can.
More than 70 days of extreme temperatures and low rainfall have wreaked havoc along the basin of the Yangtze, which supports more than 450 million people as well as a third of the country's crops.
Egypt, one of the world's largest wheat importers, is believed to have made no purchase of imported wheat in talks with trading houses on Wednesday, traders said. The General Authority for Supply Commodities (GASC) considered prices offered as too high, they said.
Nearly complete quality results from France's soft wheat harvest showed slightly weaker protein levels than in initial samples, underscoring a decline compared with last year, according to data from farm office FranceAgriMer on Thursday.
For protein, 27% of soft wheat analysed so far came below 11% content, often a minimum standard for milling markets, compared with 24% in initial results published last week by FranceAgriMer with crop institute Arvalis.
Commodity funds were net sellers of CBOT wheat, soybean, corn and soymeal futures contracts on Thursday and net even in soyoil futures, traders said.
MARKET NEWS
Upbeat economic data in Germany and gains in U.S. mega-cap growth stocks helped lift an index of global stock markets on Thursday, while U.S. Treasury yields slipped as investors waited for the Federal Reserve's Jackson Hole meeting for insights into the central bank's plans to combat inflation.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil heads for weekly gain amid bargain hunting
JAKARTA, Aug 26 (Reuters) - Malaysia's benchmark palm oil futures rebounded on Friday, driven by bargain buying, as the oilseed tracked a recent rally in rival oils and was poised for a weekly gain.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 0.56% to 4,282 ringgit ($957.51) in early trade.
The contract has gained 4.62% so far this week.
FUNDAMENTALS
Cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri estimated exports of Malaysian palm oil products for Aug. 1-25 were up between 4.9% and 10%, while cargo surveyor Societe Generale de Surveillance reported exports fell 0.1%.
Soyoil prices on the Chicago Board of Trade BOc2 fell 0.12%, while Dalian's soyoil contract DBYv1 lost 0.70% and its palm oil contract DCPv1 was down 0.23%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Top palm oil producer Indonesia has extended until Oct. 31 a policy of not collecting levies for palm oil exports, Trade Minister Zulkifli Hasan said on Wednesday amid efforts to encourage exports and prop up farmers' prices for fresh palm oil.
Palm oil FCPOc3 is expected to test a support at 4,085 ringgit per tonne, a break below may open the way towards 3,857 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from Federal Reserve Chair Jerome Powell on rate-hike path later in the day.
Oil prices rose in early trade on Friday on signs of improving fuel demand, although gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in a speech later in the day.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Aug 26 (Reuters) - Malaysia's benchmark palm oil futures rebounded on Friday, driven by bargain buying, as the oilseed tracked a recent rally in rival oils and was poised for a weekly gain.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 0.56% to 4,282 ringgit ($957.51) in early trade.
The contract has gained 4.62% so far this week.
FUNDAMENTALS
Cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri estimated exports of Malaysian palm oil products for Aug. 1-25 were up between 4.9% and 10%, while cargo surveyor Societe Generale de Surveillance reported exports fell 0.1%.
Soyoil prices on the Chicago Board of Trade BOc2 fell 0.12%, while Dalian's soyoil contract DBYv1 lost 0.70% and its palm oil contract DCPv1 was down 0.23%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Top palm oil producer Indonesia has extended until Oct. 31 a policy of not collecting levies for palm oil exports, Trade Minister Zulkifli Hasan said on Wednesday amid efforts to encourage exports and prop up farmers' prices for fresh palm oil.
Palm oil FCPOc3 is expected to test a support at 4,085 ringgit per tonne, a break below may open the way towards 3,857 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from Federal Reserve Chair Jerome Powell on rate-hike path later in the day.
Oil prices rose in early trade on Friday on signs of improving fuel demand, although gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in a speech later in the day.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-U.S. corn extends rally to seventh day; soybeans rise on output worries
MUMBAI, Aug 25 (Reuters) - U.S. corn futures rose for a seventh straight session on Thursday to trade near a two-month high, supported by concerns that hot and dry weather in the Midwest during key crop development periods could reduce yields.
Soybeans climbed on concerns over supplies from the United States, while wheat futures rose for a fifth straight session on lower supplies from the Black Sea region.
The Chicago Board of Trade (CBOT) most-active corn contract Cv1 was up 0.42% at $6.60 a bushel, as of 0129 GMT. Wheat Wv1 edged up 0.15% to $8.14-1/4 a bushel and soybeans Sv1 rose 0.05% to $14.57-3/4 a bushel.
FUNDAMENTALS
Corn yield prospects in Western Iowa are lower than last year, scouts on an annual tour of top U.S. producing states found on Wednesday. Illinois corn yield prospects and soybean pod counts are also lower than last year but above the three-year average.
Indiana corn yield prospects are lower than last year and below the three-year average, while corn yield prospects and soybean pod counts in Nebraska are also lower than last year and below their three-year averages.
Bumper U.S. crops are needed to offset low global grain supplies, but extreme heat and widespread drought in parts of the Midwest have hampered fields and a string of troubled crop harvests worldwide are pointing to multiple years of tight supplies and high food costs.
Brazil is set to plant its biggest soybean crop to date, as farmers in the world's largest supplier of the oilseed get ready to sow a larger area starting in September.
Extreme heat in China played havoc on Wednesday despite lower temperatures in some regions, with authorities across the Yangtze river basin scrambling to limit the damage from climate change on power, crops and livestock.
MARKET NEWS
Asian share markets were broadly positive while the dollar was slightly weaker, as investors were on tenterhooks waiting for the U.S. Federal Reserve's annual Jackson Hole conference to deliver an insight into the future direction of interest rates.
Oil prices rose in early Asian trade after Saudi Arabia suggested the Organization of the Petroleum Exporting Countries could consider cutting output.
By: via Malaysian Palm Oil Council Russia
MUMBAI, Aug 25 (Reuters) - U.S. corn futures rose for a seventh straight session on Thursday to trade near a two-month high, supported by concerns that hot and dry weather in the Midwest during key crop development periods could reduce yields.
Soybeans climbed on concerns over supplies from the United States, while wheat futures rose for a fifth straight session on lower supplies from the Black Sea region.
The Chicago Board of Trade (CBOT) most-active corn contract Cv1 was up 0.42% at $6.60 a bushel, as of 0129 GMT. Wheat Wv1 edged up 0.15% to $8.14-1/4 a bushel and soybeans Sv1 rose 0.05% to $14.57-3/4 a bushel.
FUNDAMENTALS
Corn yield prospects in Western Iowa are lower than last year, scouts on an annual tour of top U.S. producing states found on Wednesday. Illinois corn yield prospects and soybean pod counts are also lower than last year but above the three-year average.
Indiana corn yield prospects are lower than last year and below the three-year average, while corn yield prospects and soybean pod counts in Nebraska are also lower than last year and below their three-year averages.
Bumper U.S. crops are needed to offset low global grain supplies, but extreme heat and widespread drought in parts of the Midwest have hampered fields and a string of troubled crop harvests worldwide are pointing to multiple years of tight supplies and high food costs.
Brazil is set to plant its biggest soybean crop to date, as farmers in the world's largest supplier of the oilseed get ready to sow a larger area starting in September.
Extreme heat in China played havoc on Wednesday despite lower temperatures in some regions, with authorities across the Yangtze river basin scrambling to limit the damage from climate change on power, crops and livestock.
MARKET NEWS
Asian share markets were broadly positive while the dollar was slightly weaker, as investors were on tenterhooks waiting for the U.S. Federal Reserve's annual Jackson Hole conference to deliver an insight into the future direction of interest rates.
Oil prices rose in early Asian trade after Saudi Arabia suggested the Organization of the Petroleum Exporting Countries could consider cutting output.
By: via Malaysian Palm Oil Council Russia
среда, 24 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm snaps four-day rally ahead of export data
JAKARTA, Aug 25 (Reuters) - Malaysia's benchmark palm oil futures fell on Thursday after four straight sessions of gains, with investors awaiting Aug. 1-25 export data from cargo surveyors for further direction.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange fell 1.28% to 4,253 ringgit ($949.33) a tonne in early trade. The contract gained 6.64% in the previous four sessions.
FUNDAMENTALS
Some cargo surveyors will release data on Malaysia's Aug. 1-25 palm oil exports on Thursday. Export data for Aug. 1-20 were mixed, with two cargo surveyors saying shipments dropped on a monthly basis, while one reported a rise.
Soyoil prices on the Chicago Board of Trade BOc2 were up 0.79%, while Dalian's soyoil contract DBYv1 gained 0.85% and its palm oil contract DCPv1 rose 0.09%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Soybeans climbed on concerns over supplies from the United States, while wheat futures rose for a fifth straight session on lower supplies from the Black Sea region.
Top palm oil producer Indonesia has extended to Oct. 31 a policy of not collecting levies for palm oil exports, Trade Minister Zulkifli Hasan said on Wednesday amid efforts to encourage exports and prop up farmers' prices for fresh palm oil.
Palm oil looks neutral in a range of 4,085-4,350 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets were broadly positive while the dollar was slightly weaker, with investors nervously awaiting the U.S. Federal Reserve's annual Jackson Hole conference for clues on how sharp future interest rate hikes might be.
Oil prices rose in early Asian trade after Saudi Arabia suggested the Organization of the Petroleum Exporting Countries could consider cutting output, though bearish economic signals from central bankers and falling equities weighed.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Aug 25 (Reuters) - Malaysia's benchmark palm oil futures fell on Thursday after four straight sessions of gains, with investors awaiting Aug. 1-25 export data from cargo surveyors for further direction.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange fell 1.28% to 4,253 ringgit ($949.33) a tonne in early trade. The contract gained 6.64% in the previous four sessions.
FUNDAMENTALS
Some cargo surveyors will release data on Malaysia's Aug. 1-25 palm oil exports on Thursday. Export data for Aug. 1-20 were mixed, with two cargo surveyors saying shipments dropped on a monthly basis, while one reported a rise.
Soyoil prices on the Chicago Board of Trade BOc2 were up 0.79%, while Dalian's soyoil contract DBYv1 gained 0.85% and its palm oil contract DCPv1 rose 0.09%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Soybeans climbed on concerns over supplies from the United States, while wheat futures rose for a fifth straight session on lower supplies from the Black Sea region.
Top palm oil producer Indonesia has extended to Oct. 31 a policy of not collecting levies for palm oil exports, Trade Minister Zulkifli Hasan said on Wednesday amid efforts to encourage exports and prop up farmers' prices for fresh palm oil.
Palm oil looks neutral in a range of 4,085-4,350 ringgit per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian share markets were broadly positive while the dollar was slightly weaker, with investors nervously awaiting the U.S. Federal Reserve's annual Jackson Hole conference for clues on how sharp future interest rate hikes might be.
Oil prices rose in early Asian trade after Saudi Arabia suggested the Organization of the Petroleum Exporting Countries could consider cutting output, though bearish economic signals from central bankers and falling equities weighed.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
CPO futures extend gains as demand improves
https://mpoc.org.my/cpo-futures-extend-gains-as-demand-improves/
KUALA LUMPUR (Aug 24): The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended gains to close higher on Wednesday, spurred by positive market sentiment. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the local market was influenced by the bullish momentum in the Chicago Board of Trade (CBOT) soybean oil futures […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/cpo-futures-extend-gains-as-demand-improves/
KUALA LUMPUR (Aug 24): The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended gains to close higher on Wednesday, spurred by positive market sentiment. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the local market was influenced by the bullish momentum in the Chicago Board of Trade (CBOT) soybean oil futures […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Basics of Deep Frying
https://mpoc.org.my/basics-of-deep-frying/
How to choose suitable oil for deep frying?
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/basics-of-deep-frying/
How to choose suitable oil for deep frying?
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-U.S. corn, soybeans extend gains as output concerns grow
MUMBAI, Aug 24 (Reuters) - Chicago grains futures extended gains in early trade on Wednesday, as a tour of key growing areas in the Midwest raised concerns that the size of the U.S. corn and soybeans crop will fall below expectations.
The Chicago Board of Trade (CBOT) most-active corn contract Cv1 was up 1.34% at $6.64 a bushel, as of 0119 GMT, its highest level since June 30. Wheat Wv1 rose 1.31% to $8.11 a bushel and soybeans Sv1 climbed 0.74% to $14.71-3/4 a bushel.
FUNDAMENTALS
Indiana corn yield prospects are lower than last year and below the three-year average, scouts on an annual tour of top U.S. production states found on Tuesday.
South Dakota corn yields were projected at 118.45 bushels per acre, the Pro Farmer Midwest Crop Tour said on Monday, the worst on the tour since 2012.
The tour also found that Ohio corn yield prospects and soybean pod counts are lower than last year.
Bumper U.S. crops are needed to offset low global grain supplies, but extreme heat and widespread drought in parts of the U.S. Midwest have hampered fields and a string of troubled crop harvests worldwide are pointing to multiple years of tight supplies and high food costs.
Nebraska corn yield prospects and soybean pod counts are lower than last year and below their three-year averages.
Egypt's state grains buyer directly purchased 240,000 tonnes of Russian wheat on Monday, continuing its recent trend of buying without issuing international tenders.
The European Union's crop monitoring service MARS on Monday lowered its yield forecasts again for summer crops in the bloc, with major cuts in maize (corn), sunflower and soybeans, as it expected further damage from the recent dry and hot weather.
Crop prospects in the EU have taken on extra significance this year as Russia's invasion of Ukraine - a major wheat, corn and sunflower exporter - has disrupted Black Sea exports and raised uncertainty over Ukraine's harvest.
MARKET NEWS
The U.S. dollar steadied just below recent peaks on Wednesday, as investors waited to hear from the Federal Reserve and pondered whether weak U.S. data may slow the pace of rate hikes.
By: via Malaysian Palm Oil Council Russia
MUMBAI, Aug 24 (Reuters) - Chicago grains futures extended gains in early trade on Wednesday, as a tour of key growing areas in the Midwest raised concerns that the size of the U.S. corn and soybeans crop will fall below expectations.
The Chicago Board of Trade (CBOT) most-active corn contract Cv1 was up 1.34% at $6.64 a bushel, as of 0119 GMT, its highest level since June 30. Wheat Wv1 rose 1.31% to $8.11 a bushel and soybeans Sv1 climbed 0.74% to $14.71-3/4 a bushel.
FUNDAMENTALS
Indiana corn yield prospects are lower than last year and below the three-year average, scouts on an annual tour of top U.S. production states found on Tuesday.
South Dakota corn yields were projected at 118.45 bushels per acre, the Pro Farmer Midwest Crop Tour said on Monday, the worst on the tour since 2012.
The tour also found that Ohio corn yield prospects and soybean pod counts are lower than last year.
Bumper U.S. crops are needed to offset low global grain supplies, but extreme heat and widespread drought in parts of the U.S. Midwest have hampered fields and a string of troubled crop harvests worldwide are pointing to multiple years of tight supplies and high food costs.
Nebraska corn yield prospects and soybean pod counts are lower than last year and below their three-year averages.
Egypt's state grains buyer directly purchased 240,000 tonnes of Russian wheat on Monday, continuing its recent trend of buying without issuing international tenders.
The European Union's crop monitoring service MARS on Monday lowered its yield forecasts again for summer crops in the bloc, with major cuts in maize (corn), sunflower and soybeans, as it expected further damage from the recent dry and hot weather.
Crop prospects in the EU have taken on extra significance this year as Russia's invasion of Ukraine - a major wheat, corn and sunflower exporter - has disrupted Black Sea exports and raised uncertainty over Ukraine's harvest.
MARKET NEWS
The U.S. dollar steadied just below recent peaks on Wednesday, as investors waited to hear from the Federal Reserve and pondered whether weak U.S. data may slow the pace of rate hikes.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm rises for fourth day tracking soy oil gains on weak U.S. output woes
JAKARTA, Aug 24 (Reuters) - Malaysia's benchmark palm oil futures rose for a fourth consecutive session on Wednesday, taking cues from gains in soy oil prices on concerns over weak U.S. output.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 1.56% to 4,300 ringgit ($958.54) a tonne in early trade.
FUNDAMENTALS
Soyoil prices on the Chicago Board of Trade BOc2 were up 0.8%, while Dalian's soyoil contract DBYv1 gained 1.07% and its palm oil contract DCPv1 rose 1.10%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Chicago grains futures extended gains in early trade, as a tour of key growing areas in the Midwest raised concerns that the size of the U.S. corn and soybeans crop will fall below expectations.
Rival Indonesia said India is committed to importing 2.6 million tonnes of palm oil products worth $3.16 billion, withtout providing details about the period for the sale.
Palm oil may test a resistance at 4,452 ringgit per tonne, a break above which could lead to a gain to 4,680 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
The dollar eased and yields at first fell on Tuesday, as data showing slower economic growth raised initial hopes the Federal Reserve will back off its aggressive hiking of interest rates at its central bank symposium at Jackson Hole, Wyoming on Friday.
Oil prices fell, taking a breather from a nearly 4% surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Aug 24 (Reuters) - Malaysia's benchmark palm oil futures rose for a fourth consecutive session on Wednesday, taking cues from gains in soy oil prices on concerns over weak U.S. output.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 1.56% to 4,300 ringgit ($958.54) a tonne in early trade.
FUNDAMENTALS
Soyoil prices on the Chicago Board of Trade BOc2 were up 0.8%, while Dalian's soyoil contract DBYv1 gained 1.07% and its palm oil contract DCPv1 rose 1.10%.
Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market.
Chicago grains futures extended gains in early trade, as a tour of key growing areas in the Midwest raised concerns that the size of the U.S. corn and soybeans crop will fall below expectations.
Rival Indonesia said India is committed to importing 2.6 million tonnes of palm oil products worth $3.16 billion, withtout providing details about the period for the sale.
Palm oil may test a resistance at 4,452 ringgit per tonne, a break above which could lead to a gain to 4,680 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
The dollar eased and yields at first fell on Tuesday, as data showing slower economic growth raised initial hopes the Federal Reserve will back off its aggressive hiking of interest rates at its central bank symposium at Jackson Hole, Wyoming on Friday.
Oil prices fell, taking a breather from a nearly 4% surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Algerian Confectionery Sector; A Promising Market for Malaysian Palm-Based Fats
https://mpoc.org.my/algerian-confectionery-sector-a-promising-market-for-malaysian-palm-based-fats/
1. Introduction Algeria is a leading market with a population reaching over 44 million. Located in Northern Africa, it is positioned at the point of convergence of three worlds: Mediterranean, Arabic, and African, Algeria holds a strategic geographical position. Led by the oil and gas sector, the Algerian economy expanded by 3.9% year-on-year during the […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/algerian-confectionery-sector-a-promising-market-for-malaysian-palm-based-fats/
1. Introduction Algeria is a leading market with a population reaching over 44 million. Located in Northern Africa, it is positioned at the point of convergence of three worlds: Mediterranean, Arabic, and African, Algeria holds a strategic geographical position. Led by the oil and gas sector, the Algerian economy expanded by 3.9% year-on-year during the […]
By: via Malaysian Palm Oil Council Russia
вторник, 23 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Fitch Solutions expects CPO prices to drop to RM4,000 per tonne in 2023; dip further in following years
https://mpoc.org.my/fitch-solutions-expects-cpo-prices-to-drop-to-rm4000-per-tonne-in-2023-dip-further-in-following-years/
KUALA LUMPUR (Aug 22): Fitch Solutions Country Risk and Industry Research anticipates the current downward trend in crude palm oil (CPO) prices to continue in the next four years to a low of RM2,600 per tonne in 2026. The research outfit expects the edible oil prices to decline 23.1% year-on-year to RM4,000 per tonne next […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/fitch-solutions-expects-cpo-prices-to-drop-to-rm4000-per-tonne-in-2023-dip-further-in-following-years/
KUALA LUMPUR (Aug 22): Fitch Solutions Country Risk and Industry Research anticipates the current downward trend in crude palm oil (CPO) prices to continue in the next four years to a low of RM2,600 per tonne in 2026. The research outfit expects the edible oil prices to decline 23.1% year-on-year to RM4,000 per tonne next […]
By: via Malaysian Palm Oil Council Russia
понедельник, 22 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans firm but improved U.S. weather caps gains; corn down
SINGAPORE, Aug 22 (Reuters) - Chicago soybean futures ticked higher on Monday, supported by bargain-buying, although expectations of much-needed rains in parts of the U.S. Midwest limited gains.
Corn and wheat dropped as more supplies from Ukraine entered the market.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 rose 0.1% to $14.04-3/4 a bushel, as of 0023 GMT. Wheat Wv1 gave up 0.2% to $7.69-1/2 a bushel and corn Cv1 lost 0.6% to $6.19-1/4 a bushel.
A large portion of U.S. corn and soybean growing areas is dry, but showers are spreading across the upper Midwest, the U.S. Department of Agriculture said in a report. Any rain is beneficial for immature crops, including soybeans or late-planted corn.
An increase in Ukraine's exports is helping to push down global corn and wheat prices.
Grains are being loaded on an additional 10 cargo ships in Ukrainian Black Sea ports and prepared for shipment under a food export agreement brokered last month, Ukraine's Infrastructure Minister Oleksandr Kubrakov said.
Large speculators raised their net long position in Chicago Board of Trade corn futures in the week to Aug. 16, regulatory data released on Friday showed.
The Commodity Futures Trading Commission's weekly commitments of traders report also showed that noncommercial traders, a category that includes hedge funds, trimmed their net short position in CBOT wheat and cut net long position in soybeans.
MARKET NEWS
Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns most major central banks are committed to raising interest rates no matter the risks to growth.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 22 (Reuters) - Chicago soybean futures ticked higher on Monday, supported by bargain-buying, although expectations of much-needed rains in parts of the U.S. Midwest limited gains.
Corn and wheat dropped as more supplies from Ukraine entered the market.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 rose 0.1% to $14.04-3/4 a bushel, as of 0023 GMT. Wheat Wv1 gave up 0.2% to $7.69-1/2 a bushel and corn Cv1 lost 0.6% to $6.19-1/4 a bushel.
A large portion of U.S. corn and soybean growing areas is dry, but showers are spreading across the upper Midwest, the U.S. Department of Agriculture said in a report. Any rain is beneficial for immature crops, including soybeans or late-planted corn.
An increase in Ukraine's exports is helping to push down global corn and wheat prices.
Grains are being loaded on an additional 10 cargo ships in Ukrainian Black Sea ports and prepared for shipment under a food export agreement brokered last month, Ukraine's Infrastructure Minister Oleksandr Kubrakov said.
Large speculators raised their net long position in Chicago Board of Trade corn futures in the week to Aug. 16, regulatory data released on Friday showed.
The Commodity Futures Trading Commission's weekly commitments of traders report also showed that noncommercial traders, a category that includes hedge funds, trimmed their net short position in CBOT wheat and cut net long position in soybeans.
MARKET NEWS
Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns most major central banks are committed to raising interest rates no matter the risks to growth.
By: via Malaysian Palm Oil Council Russia
воскресенье, 21 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm extends gains on strength in rival oils
JAKARTA, Aug 22 (Reuters) - Malaysia's benchmark palm oil futures extended gains to a second session on Monday, tracking strength in rival vegetable oils.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 3.79%, to 4,248 ringgit ($947.37) a tonne during early trade.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 gained 2.10%, while its palm oil contract DCPv1 rose 3.43%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.41%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for Aug. 1-20 rose 9.1% to 728,165 tonnes from the same period in July, cargo surveyor Intertek Testing Services said on Saturday, while independent inspection company AmSpec Agri Malaysia reported a 3.8% drop.
Palm oil may test a resistance at 4,269 ringgit per tonne, as it has managed to hover above a support at 4,085 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares got off to a rocky start on Monday, while the dollar remained in demand amid concerns most major central banks are committed to raising interest rates no matter the risks to growth.
Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand.
Chicago soybean futures ticked higher on Monday, supported by bargain-buying, although expectations of much-needed rain in parts of the U.S. Midwest limited gains.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Aug 22 (Reuters) - Malaysia's benchmark palm oil futures extended gains to a second session on Monday, tracking strength in rival vegetable oils.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 3.79%, to 4,248 ringgit ($947.37) a tonne during early trade.
FUNDAMENTALS
Dalian's soyoil contract DBYv1 gained 2.10%, while its palm oil contract DCPv1 rose 3.43%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.41%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for Aug. 1-20 rose 9.1% to 728,165 tonnes from the same period in July, cargo surveyor Intertek Testing Services said on Saturday, while independent inspection company AmSpec Agri Malaysia reported a 3.8% drop.
Palm oil may test a resistance at 4,269 ringgit per tonne, as it has managed to hover above a support at 4,085 ringgit per tonne, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares got off to a rocky start on Monday, while the dollar remained in demand amid concerns most major central banks are committed to raising interest rates no matter the risks to growth.
Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand.
Chicago soybean futures ticked higher on Monday, supported by bargain-buying, although expectations of much-needed rain in parts of the U.S. Midwest limited gains.
By: via Malaysian Palm Oil Council Russia
суббота, 20 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
The Ministry of Infrastructure of Ukraine summed up the results of 20 days of work of the Grain Corridor initiative.
During these 20 days, 27 ships left the Ukrainian seaports, carrying 670,000 tons of agricultural products on board.
Also, 18 ships came under loading, and about 40 applications for entering the ports are also under consideration.
Today, 2 next ships left the Ukrainian ports within the framework of the Grain Corridor.
By: via Malaysian Palm Oil Council Russia
During these 20 days, 27 ships left the Ukrainian seaports, carrying 670,000 tons of agricultural products on board.
Also, 18 ships came under loading, and about 40 applications for entering the ports are also under consideration.
Today, 2 next ships left the Ukrainian ports within the framework of the Grain Corridor.
By: via Malaysian Palm Oil Council Russia
пятница, 19 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Из украинских портов вышел восьмой караван с продовольствием
Из портов "Одесса" и "Черноморск" вышли еще 4 судна с украинской агропродукцией - это уже восьмой караван с продовольствием.
Об этом сообщило Министерство обороны Турции
"Отгрузки зерна из украинских портов продолжаются в плановом режиме", - говорится в сообщении.
Эти суда перевозят подсолнечное масло, подсолнечный шрот и кукурузу.
By: via Malaysian Palm Oil Council Russia
Из портов "Одесса" и "Черноморск" вышли еще 4 судна с украинской агропродукцией - это уже восьмой караван с продовольствием.
Об этом сообщило Министерство обороны Турции
"Отгрузки зерна из украинских портов продолжаются в плановом режиме", - говорится в сообщении.
Эти суда перевозят подсолнечное масло, подсолнечный шрот и кукурузу.
By: via Malaysian Palm Oil Council Russia
среда, 17 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Пальмовое масло подешевело на 5,4% после повышения прогноза производства растительных масел
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
IPOSC 2022’s Full Programme is Out – Join Us on 13 September 2022, InterContinental Hotel, Kuala Lumpur, Malaysia
7th International Palm Oil Sustainability Conference 2022 (IPOSC 2022)
Date: Tuesday, 13 September 2022
Time: 9:00 am to 5:30 pm
Venue: Ballroom 1 & 2, InterContinental Hotel, Kuala Lumpur, Malaysia
Registration Fee: RM500 per participant
The full programme for IPOSC 2022 is now ready. Join us on 13 September to follow these engaging events:
Plenary Paper by YBhg. Tan Sri Dr. Zakri Abdul Hamid, Joint Chairman, Malaysian Industry-Government Group for High Technology (MIGHT) & Former Science Advisor to the Prime Minister of Malaysia
Eight presentations by policy makers and experts on Net Zero, decarbonisation opportunities and global sustainability barriers and accelerators in the Palm Oil Industry
Forum in collaboration with WWF Malaysia, RSPO, MPOCC and CIMB Bank on ‘Moving Towards Net Zero and Decarbonisation – The Future of Certification and Sustainability’
Launching of MySawit Adventure Educational Toolkit developed via a MPOC-UPM collaboration and MPOC-IChemE-POPSIG Infographic Competition Prize Giving Ceremony
Sustainability Exhibition by Malaysian Palm Oil Industry Stakeholders and University Students
Thank you to the participants that have registered, and for those who have not, seats are still available and registration can be done through the links below:
i. For online banking / telegraphic transfer payments, please register your participation here: https://bit.ly/3Qv1DDI
ii. For credit card payments, please register your participation here: https://bit.ly/palmoilevent-ccardpayment
See you at IPOSC 2022!
Best regards,
IPOSC 2022 Secretariat
For full information on IPOSC 2022’s full programme, sponsorship opportunities and other important details, please visit the website here: https://bit.ly/IPOSC2022
Do also contact our Secretariat if you have any enquiries on:
Registration: Ms. Vicky Chia (vickyc@mpoc.org.my) / Ms. Nooraziah Azman (azie@mpoc.org.my)
Sponsorship opportunities: Ms. Sarafhana Dollah (sara@mpoc.org.my)
By: via Malaysian Palm Oil Council Russia
7th International Palm Oil Sustainability Conference 2022 (IPOSC 2022)
Date: Tuesday, 13 September 2022
Time: 9:00 am to 5:30 pm
Venue: Ballroom 1 & 2, InterContinental Hotel, Kuala Lumpur, Malaysia
Registration Fee: RM500 per participant
The full programme for IPOSC 2022 is now ready. Join us on 13 September to follow these engaging events:
Plenary Paper by YBhg. Tan Sri Dr. Zakri Abdul Hamid, Joint Chairman, Malaysian Industry-Government Group for High Technology (MIGHT) & Former Science Advisor to the Prime Minister of Malaysia
Eight presentations by policy makers and experts on Net Zero, decarbonisation opportunities and global sustainability barriers and accelerators in the Palm Oil Industry
Forum in collaboration with WWF Malaysia, RSPO, MPOCC and CIMB Bank on ‘Moving Towards Net Zero and Decarbonisation – The Future of Certification and Sustainability’
Launching of MySawit Adventure Educational Toolkit developed via a MPOC-UPM collaboration and MPOC-IChemE-POPSIG Infographic Competition Prize Giving Ceremony
Sustainability Exhibition by Malaysian Palm Oil Industry Stakeholders and University Students
Thank you to the participants that have registered, and for those who have not, seats are still available and registration can be done through the links below:
i. For online banking / telegraphic transfer payments, please register your participation here: https://bit.ly/3Qv1DDI
ii. For credit card payments, please register your participation here: https://bit.ly/palmoilevent-ccardpayment
See you at IPOSC 2022!
Best regards,
IPOSC 2022 Secretariat
For full information on IPOSC 2022’s full programme, sponsorship opportunities and other important details, please visit the website here: https://bit.ly/IPOSC2022
Do also contact our Secretariat if you have any enquiries on:
Registration: Ms. Vicky Chia (vickyc@mpoc.org.my) / Ms. Nooraziah Azman (azie@mpoc.org.my)
Sponsorship opportunities: Ms. Sarafhana Dollah (sara@mpoc.org.my)
By: via Malaysian Palm Oil Council Russia
вторник, 16 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Malaysian Sustainable Palm Oil for the Philippine Market
https://mpoc.org.my/malaysian-sustainable-palm-oil-for-the-philippine-market/
The Malaysian Palm Oil Council (MPOC), in collaboration with Department of Trade and Industry (DTI) Cebu, is organising a seminar entitled ‘Malaysian Sustainable Palm Oil for the Philippine Market’, which is aimed to share the objectives, principles, advantages, and role in meeting sustainability requirements, and supporting the UN Sustainable Development Goals. It also provides an […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/malaysian-sustainable-palm-oil-for-the-philippine-market/
The Malaysian Palm Oil Council (MPOC), in collaboration with Department of Trade and Industry (DTI) Cebu, is organising a seminar entitled ‘Malaysian Sustainable Palm Oil for the Philippine Market’, which is aimed to share the objectives, principles, advantages, and role in meeting sustainability requirements, and supporting the UN Sustainable Development Goals. It also provides an […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Growth in the Halal Market Segment in the United States and Opportunities for Palm Oil
https://mpoc.org.my/growth-in-the-halal-market-segment-in-the-united-states-and-opportunities-for-palm-oil/
Halal food can be described as food items and beverages that are strictly prepared according to the guidelines interpreted by Islamic dietary law. The growing concern regarding food safety, hygiene, and reliability, coupled with the increasing global population and the growing disposable income of the Muslim population, is anticipated to thrust the market growth of […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/growth-in-the-halal-market-segment-in-the-united-states-and-opportunities-for-palm-oil/
Halal food can be described as food items and beverages that are strictly prepared according to the guidelines interpreted by Islamic dietary law. The growing concern regarding food safety, hygiene, and reliability, coupled with the increasing global population and the growing disposable income of the Muslim population, is anticipated to thrust the market growth of […]
By: via Malaysian Palm Oil Council Russia
понедельник, 15 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
*SPPOMA 1-15th Aug 22*
Yield: +10.97%
OER: -0.52%
*Production: +8.23%*
By: via Malaysian Palm Oil Council Russia
Yield: +10.97%
OER: -0.52%
*Production: +8.23%*
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Daily Palm Oil Price (15 August 2022)
https://t.co/Z6oONWZeav
By: via Malaysian Palm Oil Council Russia
https://t.co/Z6oONWZeav
By: via Malaysian Palm Oil Council Russia
четверг, 11 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Research houses: Competition in crude palm oil market to remain stiff in near term
https://mpoc.org.my/research-houses-competition-in-crude-palm-oil-market-to-remain-stiff-in-near-term/
KUALA LUMPUR, Aug 11 ― Malaysia will continue to see intense competition in the crude palm oil (CPO) market from Indonesia as the country will be flushing out its bloated inventory ahead of its seasonal peak production months. Maybank Investment Bank Bhd (Maybank IB) said the three initiatives announced by Indonesia recently are likely to […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/research-houses-competition-in-crude-palm-oil-market-to-remain-stiff-in-near-term/
KUALA LUMPUR, Aug 11 ― Malaysia will continue to see intense competition in the crude palm oil (CPO) market from Indonesia as the country will be flushing out its bloated inventory ahead of its seasonal peak production months. Maybank Investment Bank Bhd (Maybank IB) said the three initiatives announced by Indonesia recently are likely to […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
По данным МРОВ, в июле объем запасов пальмового масла в Малайзии увеличился на 7,7% в месяц, что является максимальным показателем за последние 8 месяцев. При этом оценки экспертов несколько ниже предыдущих результатов опроса аналитиков Reuters
By: via Malaysian Palm Oil Council Russia
By: via Malaysian Palm Oil Council Russia
среда, 10 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Oleochemicals Market Opportunities in Turkey
https://mpoc.org.my/oleochemicals-market-opportunities-in-turkey/
İntroduction “Oleochemicals” refer to chemicals derived from natural oils and fats of both plant and animal origin. Often, activated carbon is used for purifying, decolorizing, and deodorizing the fatty acids and derived chemicals. They are biodegradable and exhibit low toxicity, thus, considered to be environmentally friendly. These products are viewed as natural, green, organic, safe, […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/oleochemicals-market-opportunities-in-turkey/
İntroduction “Oleochemicals” refer to chemicals derived from natural oils and fats of both plant and animal origin. Often, activated carbon is used for purifying, decolorizing, and deodorizing the fatty acids and derived chemicals. They are biodegradable and exhibit low toxicity, thus, considered to be environmentally friendly. These products are viewed as natural, green, organic, safe, […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Corn, wheat ease after rally; European, U.S. weather in focus
SINGAPORE, Aug 11 (Reuters) - Chicago corn and wheat futures retreated on Thursday from previous session's strong gains, triggered by trader concerns over hot and dry weather conditions in key exporting countries.
Soybeans were largely flat.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 was down 0.3% at $6.16-1/2 a bushel, as of 0024 GMT, and wheat Wv1 fell 0.5% to $7.96 a bushel.
Soybeans Sv1 slid 0.2% to $14.25-1/4 a bushel.
Parts of the U.S. Midwest received rain in recent days, but heat in the western regions of the farm belt is expected to continue stressing crops.
In Europe, persisting drought and high temperatures are threatening to deepen corn crop losses. Romania finished reaping its wheat crop for the year, and the harvest is 15% to 18% smaller than in 2021, Agriculture Minister Petre Daea said.
Investors in the agricultural markets are adjusting positions ahead of the U.S. Department of Agriculture's (USDA) monthly supply-and-demand report on Friday.
The government is expected to trim its outlook for U.S. corn production, according to a Reuters survey of analysts.
Ukraine's grain, oilseed, vegetable oil exports rose 22.7% in July to 2.66 million tonnes versus June numbers, due to higher wheat and barley shipments, the agriculture ministry said on Wednesday.
Ukraine's grain exports have slumped since the start of the war because its Black Sea ports - a key route for shipments - were closed off, driving up global food prices and prompting fears of shortages in Africa and the Middle East.
July's exports included 412,000 tonnes of wheat, 183,000 tonnes of barley, 1.1 million tonnes of corn, 362,100 tonnes of sunseed and tonnages of other commodities, the ministry said.
However, the ministry said Ukrainian grain exports were down almost 52% year-on-year at 2.2 million tonnes so far in the 2022/23 season.
Commodity funds were net buyers of CBOT corn, wheat, soybean, soyoil and soymeal futures contracts on Wednesday, traders said.
MARKET NEWS
Wall Street equities rallied and the dollar tumbled after signs of sharply decelerating U.S. inflation prompted bets that the Federal Reserve would raise interest rates at a slower pace than previously expected.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 11 (Reuters) - Chicago corn and wheat futures retreated on Thursday from previous session's strong gains, triggered by trader concerns over hot and dry weather conditions in key exporting countries.
Soybeans were largely flat.
FUNDAMENTALS
The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 was down 0.3% at $6.16-1/2 a bushel, as of 0024 GMT, and wheat Wv1 fell 0.5% to $7.96 a bushel.
Soybeans Sv1 slid 0.2% to $14.25-1/4 a bushel.
Parts of the U.S. Midwest received rain in recent days, but heat in the western regions of the farm belt is expected to continue stressing crops.
In Europe, persisting drought and high temperatures are threatening to deepen corn crop losses. Romania finished reaping its wheat crop for the year, and the harvest is 15% to 18% smaller than in 2021, Agriculture Minister Petre Daea said.
Investors in the agricultural markets are adjusting positions ahead of the U.S. Department of Agriculture's (USDA) monthly supply-and-demand report on Friday.
The government is expected to trim its outlook for U.S. corn production, according to a Reuters survey of analysts.
Ukraine's grain, oilseed, vegetable oil exports rose 22.7% in July to 2.66 million tonnes versus June numbers, due to higher wheat and barley shipments, the agriculture ministry said on Wednesday.
Ukraine's grain exports have slumped since the start of the war because its Black Sea ports - a key route for shipments - were closed off, driving up global food prices and prompting fears of shortages in Africa and the Middle East.
July's exports included 412,000 tonnes of wheat, 183,000 tonnes of barley, 1.1 million tonnes of corn, 362,100 tonnes of sunseed and tonnages of other commodities, the ministry said.
However, the ministry said Ukrainian grain exports were down almost 52% year-on-year at 2.2 million tonnes so far in the 2022/23 season.
Commodity funds were net buyers of CBOT corn, wheat, soybean, soyoil and soymeal futures contracts on Wednesday, traders said.
MARKET NEWS
Wall Street equities rallied and the dollar tumbled after signs of sharply decelerating U.S. inflation prompted bets that the Federal Reserve would raise interest rates at a slower pace than previously expected.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil rises on firmer rivals, August export data
JAKARTA, Aug 11 (Reuters) - Malaysian palm oil futures climbed on Thursday, supported by a bullish run in rival oils and data that showed exports of palm oil products surged in the first 10 days of the month.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange climbed as much as 3.1% to 4,237 ringgit ($953.42) per tonne during early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for August 1-10 rose around 10% monthly, cargo surveyors said on Wednesday.
Malaysia's end-July palm oil stocks expanded to an eight-month peak on the back of improving production and soaring imports, data from industry regulator Malaysian Palm Oil Board showed on Wednesday.
Rival Indonesia exported 2.33 million tonnes of palm oil and its refined products in June, helping ease its stock to 6.68 million tonnes by end-June, from 7.23 million tonnes in May, Indonesia Palm Oil Association said on Thursday.
Dalian's most-active soyoil contract DBYv1 was up 0.38%, while its palm oil contract DCPcv1 rose 1.30%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.68%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a resistance at 4,269 ringgit per tonne, a break above which may lead to a gain to 4,452 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tracked Wall Street higher on Thursday after a softer-than-expected U.S. inflation report encouraged bets of less aggressive rate hikes from the Federal Reserve, while the dollar remained bruised after its biggest plunge in five months.
Oil prices fell in early Asian trade, as traders anticipated more supply of crude entering the market coupled with weaker demand.
By: via Malaysian Palm Oil Council Russia
JAKARTA, Aug 11 (Reuters) - Malaysian palm oil futures climbed on Thursday, supported by a bullish run in rival oils and data that showed exports of palm oil products surged in the first 10 days of the month.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange climbed as much as 3.1% to 4,237 ringgit ($953.42) per tonne during early trade.
FUNDAMENTALS
Exports of Malaysian palm oil products for August 1-10 rose around 10% monthly, cargo surveyors said on Wednesday.
Malaysia's end-July palm oil stocks expanded to an eight-month peak on the back of improving production and soaring imports, data from industry regulator Malaysian Palm Oil Board showed on Wednesday.
Rival Indonesia exported 2.33 million tonnes of palm oil and its refined products in June, helping ease its stock to 6.68 million tonnes by end-June, from 7.23 million tonnes in May, Indonesia Palm Oil Association said on Thursday.
Dalian's most-active soyoil contract DBYv1 was up 0.38%, while its palm oil contract DCPcv1 rose 1.30%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.68%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Palm oil may test a resistance at 4,269 ringgit per tonne, a break above which may lead to a gain to 4,452 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian shares tracked Wall Street higher on Thursday after a softer-than-expected U.S. inflation report encouraged bets of less aggressive rate hikes from the Federal Reserve, while the dollar remained bruised after its biggest plunge in five months.
Oil prices fell in early Asian trade, as traders anticipated more supply of crude entering the market coupled with weaker demand.
By: via Malaysian Palm Oil Council Russia
вторник, 9 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Palm oil price climbs
https://mpoc.org.my/palm-oil-price-climbs/
KUALA LUMPUR: Palm oil jumped to the strongest in over a week following a surge in soybean oil after the US senate passed a bill that supports biofuel production and on signs of a recovery in demand in China, the No 2 importer. Futures for October delivery soared 5.1% to close at RM4,076 a tonne […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/palm-oil-price-climbs/
KUALA LUMPUR: Palm oil jumped to the strongest in over a week following a surge in soybean oil after the US senate passed a bill that supports biofuel production and on signs of a recovery in demand in China, the No 2 importer. Futures for October delivery soared 5.1% to close at RM4,076 a tonne […]
By: via Malaysian Palm Oil Council Russia
пятница, 5 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
В июле 2022 г. произошло снижение мировых цен на продовольствие
Как сообщила сегодня Продовольственная и сельскохозяйственная организация ООН (ФАО), базовый показатель мировых цен на продовольствие значительно снизился в июле, причем цены на основные зерновые культуры и растительное масло зафиксировали двузначное процентное снижение, передает Эксперт Агро.
В июле Индекс продовольственных цен ФАО в среднем составил 140,9 пункта, что на 8,6% меньше, чем в июне, что стало пятым ежемесячным снижением после достижения исторического максимума в начале года. Однако показатель Индекса, отслеживающий ежемесячные изменения мировых цен на корзину продовольственных товаров, остался на 13,1% выше, чем в июле 2021 года.
By: via Malaysian Palm Oil Council Russia
Как сообщила сегодня Продовольственная и сельскохозяйственная организация ООН (ФАО), базовый показатель мировых цен на продовольствие значительно снизился в июле, причем цены на основные зерновые культуры и растительное масло зафиксировали двузначное процентное снижение, передает Эксперт Агро.
В июле Индекс продовольственных цен ФАО в среднем составил 140,9 пункта, что на 8,6% меньше, чем в июне, что стало пятым ежемесячным снижением после достижения исторического максимума в начале года. Однако показатель Индекса, отслеживающий ежемесячные изменения мировых цен на корзину продовольственных товаров, остался на 13,1% выше, чем в июле 2021 года.
By: via Malaysian Palm Oil Council Russia
четверг, 4 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Malaysia says ready to help India meet palm oil demand
https://mpoc.org.my/malaysia-says-ready-to-help-india-meet-palm-oil-demand/
KUALA LUMPUR (Aug 4): Malaysia said on Thursday (Aug 4) it was ready to help India meet its palm oil demand in view of potentially erratic supply from top supplier Indonesia. India is expected to see a surge in demand to around 800,000 tonnes per month for the next six months, Malaysia’s Plantation Industries and […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/malaysia-says-ready-to-help-india-meet-palm-oil-demand/
KUALA LUMPUR (Aug 4): Malaysia said on Thursday (Aug 4) it was ready to help India meet its palm oil demand in view of potentially erratic supply from top supplier Indonesia. India is expected to see a surge in demand to around 800,000 tonnes per month for the next six months, Malaysia’s Plantation Industries and […]
By: via Malaysian Palm Oil Council Russia
среда, 3 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Malaysian Palm Oil Nutrition : Ask The Expert
https://mpoc.org.my/malaysian-palm-oil-nutrition-ask-the-expert/
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/malaysian-palm-oil-nutrition-ask-the-expert/
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Wheat recovers from 6-month low; soybeans, corn ease
SINGAPORE, Aug 4 (Reuters) - Chicago wheat futures edged higher on Thursday, with prices rising form their lowest in six months on bargain-buying, although pressure from newly-harvested supplies capped gains.
Soybeans and corn ticked lower on forecasts of improved U.S. Midwest weather for crops, which have suffered from intense heat in recent weeks.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.9% to $7.70-1/4 a bushel, as of 0016 GMT, after dropping on Wednesday to its lowest since early February at $7.52 a bushel.
Soybeans Sv1 lost 0.1% to $13.68-1/4 a bushel and corn Cv1 gave up 0.3% to $5.94-1/2 a bushel.
The wheat market has come under pressure this week, as fresh supplies from the Northern Hemisphere entered the market.
The first grain vessel to leave a Ukrainian sea port since the start of the war was inspected in Turkey on Wednesday before its onward journey to Lebanon, but Ukrainian President Volodymr Zelenskiy said this was only a fraction of what Kyiv needed to export.
Romania's wheat harvest is large enough to cover its domestic needs and ensure a surplus for exports, Agriculture Minister Petre Daea said on Wednesday, with 96% of the crop reaped so far.
High temperatures and prolonged drought have affected crops, particularly maize and sunflower seeds, across the country and preliminary ministry data on Wednesday showed damage to 205,257 hectares out of roughly 7 million of grain and oil-producing crops.
Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives.
There are forecasts of improved conditions for soybeans in the U.S. Midwest, although harsh weather later this month could stress crops.
Soybeans in key growing areas of the U.S. Midwest will likely face more hot and dry conditions during August, their critical growing month, that could threaten harvest yields, according to weather forecasts.
Crop conditions had deteriorated for six straight weeks following the U.S. Department of Agriculture's first ratings report on soybeans in mid-June. It was the longest stretch of declines since 2012, when a crop-wasting drought settled over the United States.
India's soyoil imports in July more than doubled from a month ago to a record high as refiners ramped up purchases to take advantage of New Delhi's move to allow duty free imports of the vegetable oil to calm all-time high prices, five dealers said.
Commodity funds were net sellers of CBOT soybeans, wheat, soymeal and soyoil futures contracts on Wednesday, traders said. The funds were net even in corn futures.
MARKET NEWS
U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 4 (Reuters) - Chicago wheat futures edged higher on Thursday, with prices rising form their lowest in six months on bargain-buying, although pressure from newly-harvested supplies capped gains.
Soybeans and corn ticked lower on forecasts of improved U.S. Midwest weather for crops, which have suffered from intense heat in recent weeks.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.9% to $7.70-1/4 a bushel, as of 0016 GMT, after dropping on Wednesday to its lowest since early February at $7.52 a bushel.
Soybeans Sv1 lost 0.1% to $13.68-1/4 a bushel and corn Cv1 gave up 0.3% to $5.94-1/2 a bushel.
The wheat market has come under pressure this week, as fresh supplies from the Northern Hemisphere entered the market.
The first grain vessel to leave a Ukrainian sea port since the start of the war was inspected in Turkey on Wednesday before its onward journey to Lebanon, but Ukrainian President Volodymr Zelenskiy said this was only a fraction of what Kyiv needed to export.
Romania's wheat harvest is large enough to cover its domestic needs and ensure a surplus for exports, Agriculture Minister Petre Daea said on Wednesday, with 96% of the crop reaped so far.
High temperatures and prolonged drought have affected crops, particularly maize and sunflower seeds, across the country and preliminary ministry data on Wednesday showed damage to 205,257 hectares out of roughly 7 million of grain and oil-producing crops.
Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives.
There are forecasts of improved conditions for soybeans in the U.S. Midwest, although harsh weather later this month could stress crops.
Soybeans in key growing areas of the U.S. Midwest will likely face more hot and dry conditions during August, their critical growing month, that could threaten harvest yields, according to weather forecasts.
Crop conditions had deteriorated for six straight weeks following the U.S. Department of Agriculture's first ratings report on soybeans in mid-June. It was the longest stretch of declines since 2012, when a crop-wasting drought settled over the United States.
India's soyoil imports in July more than doubled from a month ago to a record high as refiners ramped up purchases to take advantage of New Delhi's move to allow duty free imports of the vegetable oil to calm all-time high prices, five dealers said.
Commodity funds were net sellers of CBOT soybeans, wheat, soymeal and soyoil futures contracts on Wednesday, traders said. The funds were net even in corn futures.
MARKET NEWS
U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm oil falls on expectations of rising supply
KUALA LUMPUR, Aug 4 (Reuters) - Malaysian palm oil futures fell more than 3% in early trade on Thursday, weighed down by rising supply outlook and higher selling pressure from larger producer Indonesia.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 76 ringgit, or 1.97%, to 3,788 ringgit ($850.47) a tonne during early trade, down for a third in four sessions.
FUNDAMENTALS
Malaysia's palm oil stocks at end-July likely rose by 9.8% from the previous month to 1.82 million tonnes due mainly to higher output, Ivy Ng, regional head of plantations research at CGS-CIMB Research, said in a note.
The first grain ship to leave a Ukrainian port in wartime passed through the Bosphorus Strait on Wednesday en route to Lebanon for a delivery that foreign powers hope will be the first of many to help ease a global food crisis.
The shipment raises hope for better Black Sea supplies, Refinitiv Commodities Research said in a note late Wednesday. The Black Sea accounts for 60% of world sunflower oil output and 76% of exports.
Lower payable export duties and higher exportable volumes in Indonesia has made its palm oil more competitive than Malaysian palm oil.
Dalian's most-active soyoil contract DBYcv1 fell 3.3%, while its palm oil contract DCPcv1 slipped 4.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.2%.
Palm oil may test a support at 3,717 ringgit per tonne, a break below could open the way towards 3,489-3,598 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks rose, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Aug 4 (Reuters) - Malaysian palm oil futures fell more than 3% in early trade on Thursday, weighed down by rising supply outlook and higher selling pressure from larger producer Indonesia.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 76 ringgit, or 1.97%, to 3,788 ringgit ($850.47) a tonne during early trade, down for a third in four sessions.
FUNDAMENTALS
Malaysia's palm oil stocks at end-July likely rose by 9.8% from the previous month to 1.82 million tonnes due mainly to higher output, Ivy Ng, regional head of plantations research at CGS-CIMB Research, said in a note.
The first grain ship to leave a Ukrainian port in wartime passed through the Bosphorus Strait on Wednesday en route to Lebanon for a delivery that foreign powers hope will be the first of many to help ease a global food crisis.
The shipment raises hope for better Black Sea supplies, Refinitiv Commodities Research said in a note late Wednesday. The Black Sea accounts for 60% of world sunflower oil output and 76% of exports.
Lower payable export duties and higher exportable volumes in Indonesia has made its palm oil more competitive than Malaysian palm oil.
Dalian's most-active soyoil contract DBYcv1 fell 3.3%, while its palm oil contract DCPcv1 slipped 4.1%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.2%.
Palm oil may test a support at 3,717 ringgit per tonne, a break below could open the way towards 3,489-3,598 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asian stocks rose, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Ukraine exported 3 million tons of grain and oil crops in August. 1.3 million tons — through river ports on the Danube.
This was announced by the Deputy Chairman of the All-Ukrainian Agrarian Council, Denys Marchuk, during a briefing at the Ukrinform Media Center.
Due to the loss of many warehouses and elevators due to Russia's temporary occupation of our territories, the government is looking for alternative ways to store agricultural products.
According to Marchenko, as of today, about 30% of the grain from the sown areas has been collected.
By: via Malaysian Palm Oil Council Russia
This was announced by the Deputy Chairman of the All-Ukrainian Agrarian Council, Denys Marchuk, during a briefing at the Ukrinform Media Center.
Due to the loss of many warehouses and elevators due to Russia's temporary occupation of our territories, the government is looking for alternative ways to store agricultural products.
According to Marchenko, as of today, about 30% of the grain from the sown areas has been collected.
By: via Malaysian Palm Oil Council Russia
вторник, 2 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Better CPO ASPs, higher FFBs to drive Ta Ann earnings, says Maybank IB
https://mpoc.org.my/better-cpo-asps-higher-ffbs-to-drive-ta-ann-earnings-says-maybank-ib/
KUALA LUMPUR: Better crude palm oil (CPO) average selling price (ASP) and higher fresh fruit bunches (FFB) output are expected to drive Ta Ann Holdings Bhd’s earnings in the second quarter (Q2) of 2022. Maybank Investment Bank Bhd (Maybank IB) has forecasted Ta Ann’s Q2 2022 net profit to be in the region of RM105 […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/better-cpo-asps-higher-ffbs-to-drive-ta-ann-earnings-says-maybank-ib/
KUALA LUMPUR: Better crude palm oil (CPO) average selling price (ASP) and higher fresh fruit bunches (FFB) output are expected to drive Ta Ann Holdings Bhd’s earnings in the second quarter (Q2) of 2022. Maybank Investment Bank Bhd (Maybank IB) has forecasted Ta Ann’s Q2 2022 net profit to be in the region of RM105 […]
By: via Malaysian Palm Oil Council Russia
понедельник, 1 августа 2022 г.
Malaysian Palm Oil Council Russia's Post
Growing Opportunities for Malaysian Palm Oil in China Bakery Market
https://mpoc.org.my/growing-opportunities-for-malaysian-palm-oil-in-china-bakery-market/
1.0 Introduction China’s bakery industry has a relatively short development history, and bakery products are mainly used as desserts and snacks in China. Hence, there is still a large consumption gap between China and other countries such as Europe and the United States. Baked good is made of flour, yeast, salt, and sugar as the […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/growing-opportunities-for-malaysian-palm-oil-in-china-bakery-market/
1.0 Introduction China’s bakery industry has a relatively short development history, and bakery products are mainly used as desserts and snacks in China. Hence, there is still a large consumption gap between China and other countries such as Europe and the United States. Baked good is made of flour, yeast, salt, and sugar as the […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans near one-week low on improved U.S. crop condition
SINGAPORE, Aug 2 (Reuters) - Chicago soybean futures lost more ground on Tuesday, with prices dropping to their lowest in almost one week after a U.S. government report showed slight improvement in crop condition.
Wheat and corn gave up more than 1 % as Ukraine resumed maritime grain exports, raising hopes for higher world supplies.
"The USDA reported a one point improvement in U.S. soybean crop conditions is likely to keep the market on the back foot...," said Tobin Gorey, director of agricultural strategy at the Commonwealth Bank of Australia.
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was down 0.5% at $13.99 a bushel, as of 0325 GMT, with the market trading close to its weakest since July 27.
Wheat Wv1 fell 1.5% to $7.88-1/2 a bushel and corn Cv1 gave up 1.1% to $6.03-1/4 a bushel.
A weekly crop report from the U.S. Department of Agriculture (USDA) showed improved ratings for soybeans while conditions held steady for corn, defying trade expectations for downgrades.
Condition ratings for the U.S. soybean crop unexpectedly rose in the past week after some weekend rain in places such as Illinois, North Dakota, South Dakota and Minnesota, the agency said after the market closed on Monday.
The USDA pegged the soybean crop as 60% good-to-excellent, as of July 31, up 1 percentage point from a week earlier and in line with ratings from a year earlier.
The corn crop was rated 61% good-to-excellent, flat from a week earlier but higher than expectations of rating at 60% good-to-excellent.
Brazilian Agriculture Minister Marcos Montes said on Monday Chinese authorizations for Brazilian soymeal exporters may be granted in the space of two months.
Lower corn production in Europe is likely to support prices.
The European Commission has lowered its monthly forecast for this year's maize harvest in the European Union by 8%, or 5.9 million tonnes, joining other forecasters who have cut their expectations due to torrid weather in the bloc.
The Commission now sees the EU corn crop at 65.8 million tonnes, compared with 71.7 million tonnes forecast in late June and 72.7 million tonnes harvested last year, supply and demand data posted late last week showed.
Traders in the wheat market are closely monitoring resumption of grain shipments from the Black Sea region.
The first ship to carry Ukrainian grain through the Black Sea since Russia invaded Ukraine five months ago left the port of Odesa for Lebanon on Monday under a safe passage deal described as a glimmer of hope in a worsening global food crisis.
Still, key arrangements including procedures for ships still need to be worked out before empty vessels can come in and pick up cargoes from Ukraine using the new grains corridor, a senior London marine insurance market official said.
Commodity funds were net sellers of CBOT soybean, soymeal, soyoil, corn and wheat futures contracts on Monday, traders said.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 2 (Reuters) - Chicago soybean futures lost more ground on Tuesday, with prices dropping to their lowest in almost one week after a U.S. government report showed slight improvement in crop condition.
Wheat and corn gave up more than 1 % as Ukraine resumed maritime grain exports, raising hopes for higher world supplies.
"The USDA reported a one point improvement in U.S. soybean crop conditions is likely to keep the market on the back foot...," said Tobin Gorey, director of agricultural strategy at the Commonwealth Bank of Australia.
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was down 0.5% at $13.99 a bushel, as of 0325 GMT, with the market trading close to its weakest since July 27.
Wheat Wv1 fell 1.5% to $7.88-1/2 a bushel and corn Cv1 gave up 1.1% to $6.03-1/4 a bushel.
A weekly crop report from the U.S. Department of Agriculture (USDA) showed improved ratings for soybeans while conditions held steady for corn, defying trade expectations for downgrades.
Condition ratings for the U.S. soybean crop unexpectedly rose in the past week after some weekend rain in places such as Illinois, North Dakota, South Dakota and Minnesota, the agency said after the market closed on Monday.
The USDA pegged the soybean crop as 60% good-to-excellent, as of July 31, up 1 percentage point from a week earlier and in line with ratings from a year earlier.
The corn crop was rated 61% good-to-excellent, flat from a week earlier but higher than expectations of rating at 60% good-to-excellent.
Brazilian Agriculture Minister Marcos Montes said on Monday Chinese authorizations for Brazilian soymeal exporters may be granted in the space of two months.
Lower corn production in Europe is likely to support prices.
The European Commission has lowered its monthly forecast for this year's maize harvest in the European Union by 8%, or 5.9 million tonnes, joining other forecasters who have cut their expectations due to torrid weather in the bloc.
The Commission now sees the EU corn crop at 65.8 million tonnes, compared with 71.7 million tonnes forecast in late June and 72.7 million tonnes harvested last year, supply and demand data posted late last week showed.
Traders in the wheat market are closely monitoring resumption of grain shipments from the Black Sea region.
The first ship to carry Ukrainian grain through the Black Sea since Russia invaded Ukraine five months ago left the port of Odesa for Lebanon on Monday under a safe passage deal described as a glimmer of hope in a worsening global food crisis.
Still, key arrangements including procedures for ships still need to be worked out before empty vessels can come in and pick up cargoes from Ukraine using the new grains corridor, a senior London marine insurance market official said.
Commodity funds were net sellers of CBOT soybean, soymeal, soyoil, corn and wheat futures contracts on Monday, traders said.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
VEGOILS-Palm drops 4% on Indonesian supply worries, weaker rival oils
KUALA LUMPUR, Aug 2 (Reuters) - Malaysian palm oil futures fell 4% on Tuesday, extending losses for a second day, as worries of more exports from top producer Indonesia and a heavy sell-off in rival edible oils weighed on the benchmark contract.
Palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 163 ringgit, or 4.01%, to 3,897 ringgit ($880.58) during early trade.
FUNDAMENTALS
Indonesia will retain its domestic sales requirement for palm oil to keep local cooking oil prices affordable, a senior official told Reuters on Monday, noting that a quota for export shipments would be relaxed further.
Chicago Board of Trade soybean futures dropped to their lowest in almost one week after a U.S. government report showed slight improvement in crop condition.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.9%. Dalian's most-active soyoil contract DBYcv1 fell 1.7%, while its palm oil contract DCPcv1 slumped 3.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices edged lower as investors worried about global oil demand following weak manufacturing data in several countries, making palm a less attractive option for biodiesel feedstock.
Palm oil may fall to 3,857 ringgit per tonne, as it has broken a support at 4,085 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia stocks continued a decline from Wall Street, and U.S. long-term Treasury yields sank to a four-month low, pulling the U.S. dollar down against the yen and other currencies as investors worried about the risk of global recession.
By: via Malaysian Palm Oil Council Russia
KUALA LUMPUR, Aug 2 (Reuters) - Malaysian palm oil futures fell 4% on Tuesday, extending losses for a second day, as worries of more exports from top producer Indonesia and a heavy sell-off in rival edible oils weighed on the benchmark contract.
Palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 163 ringgit, or 4.01%, to 3,897 ringgit ($880.58) during early trade.
FUNDAMENTALS
Indonesia will retain its domestic sales requirement for palm oil to keep local cooking oil prices affordable, a senior official told Reuters on Monday, noting that a quota for export shipments would be relaxed further.
Chicago Board of Trade soybean futures dropped to their lowest in almost one week after a U.S. government report showed slight improvement in crop condition.
Soyoil prices on the Chicago Board of Trade BOcv1 were down 1.9%. Dalian's most-active soyoil contract DBYcv1 fell 1.7%, while its palm oil contract DCPcv1 slumped 3.3%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Oil prices edged lower as investors worried about global oil demand following weak manufacturing data in several countries, making palm a less attractive option for biodiesel feedstock.
Palm oil may fall to 3,857 ringgit per tonne, as it has broken a support at 4,085 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Asia stocks continued a decline from Wall Street, and U.S. long-term Treasury yields sank to a four-month low, pulling the U.S. dollar down against the yen and other currencies as investors worried about the risk of global recession.
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
MIACES Palm Oil Breakout Session
https://mpoc.org.my/miaces-palm-oil-breakout-session/
Malaysia International Agricommodity Expo & Summit (MIACES) is an event that aims to provide a platform to uplift the agricommodity sector. The event comprises of conference, exhibition, roundtable discussions, B2B meetings and awards night. It also focuses in bringing all the industry players, producer, investors and other stakeholders all together to showcase their products, latest […]
By: via Malaysian Palm Oil Council Russia
https://mpoc.org.my/miaces-palm-oil-breakout-session/
Malaysia International Agricommodity Expo & Summit (MIACES) is an event that aims to provide a platform to uplift the agricommodity sector. The event comprises of conference, exhibition, roundtable discussions, B2B meetings and awards night. It also focuses in bringing all the industry players, producer, investors and other stakeholders all together to showcase their products, latest […]
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
Из порта Одессы вышло первое с 24 февраля судно с украинским зерном
Минобороны Турции сообщило, что сухогруз Razoni под флагом Сьерра-Леоне, загруженный кукурузой, следует в Ливан. 2 августа судно прибудет в Стамбул, где пройдет досмотр.
На борту судна находится 26 тысяч тонн кукурузы.
22 июля Россия и Украина подписали с Турцией и ООН соглашение по экспорту украинского зерна. Согласно нему, вывоз зерна будет проходить по Черному морю из трех портов (Одесса, Черноморск, Южный)
By: via Malaysian Palm Oil Council Russia
Минобороны Турции сообщило, что сухогруз Razoni под флагом Сьерра-Леоне, загруженный кукурузой, следует в Ливан. 2 августа судно прибудет в Стамбул, где пройдет досмотр.
На борту судна находится 26 тысяч тонн кукурузы.
22 июля Россия и Украина подписали с Турцией и ООН соглашение по экспорту украинского зерна. Согласно нему, вывоз зерна будет проходить по Черному морю из трех портов (Одесса, Черноморск, Южный)
By: via Malaysian Palm Oil Council Russia
Malaysian Palm Oil Council Russia's Post
GRAINS-Soybeans near 4-week top as hot weather threatens U.S. crop
SINGAPORE, Aug 1 (Reuters) - Chicago soybean futures rose for a seventh consecutive session on Monday to trade near previous week's highest level since late-June, with forecast of hot and dry weather in parts of the U.S. Midwest raising concerns over supplies.
Wheat rose recouped previous session's losses to edge 1.3% higher, while corn prices were largely flat.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was up 0.5% at $14.76-1/4 a bushel, as of 0031 GMT, not far from Friday's four-week high of $14.89 a bushel.
Wheat Wv1 added 1.3% to $8.18-1/4 a bushel and corn Cv1 eased half a cent to $6.19-1/2 a bushel.
Despite recent rains and below-normal temperatures across parts of the U.S. Midwest, forecasts are pointing to hot and dry weather in early August, raising concerns for soybean crops during their crucial pod development, as well as for late-planted corn still pollinating.
U.S. exporters reported the sale of 132,000 tonnes of soybeans for delivery to unknown destinations during the 2022/2023 marketing year, the U.S. Department of Agriculture reported on Friday.
The condition of France's maize crop deteriorated sharply for a second consecutive week, data from farm office FranceAgriMer showed, in a sign that dry weather in the European Union's biggest grain maize producer is taking a tolls.
An estimated 68% of the grain maize crop was in good or excellent condition in the week ended July 25, down from 75% the previous week, 83% in the week ended July 11 and 84% in the week to July 4, FranceAgriMer said in a cereal report.
The wheat market is focussed on Ukraine's grain exports through the Black Sea.
Ukraine's president visited a Black Sea port on Friday to show his country is ready to start exporting grain under a U.N.-brokered deal aimed at easing global food shortages, and said Kyiv was awaiting the signal for the first shipment.
On a rare trip out of Kyiv since Russia's Feb. 24 invasion, President Volodymyr Zelenskiy denounced a Russian Black Sea blockade that has prevented Ukraine from exporting grain, contributing to a sharp rise in global grain prices.
China's securities regulator has approved trading of soybean and soyoil options on the Dalian Commodity Exchange, it said on Friday.
Commodity funds were net buyers of CBOT soybeans, soyoil, corn and soymeal futures contracts on Friday and net sellers of CBOT wheat futures contracts, traders said.
MARKETS NEWS
U.S. stocks extended their mid-summer rebound on Friday, with the dollar and some longer-term Treasury yields dipping, as Wall Street cheered positive corporate news in spite of increased labor costs and other indicators of continued inflation.
By: via Malaysian Palm Oil Council Russia
SINGAPORE, Aug 1 (Reuters) - Chicago soybean futures rose for a seventh consecutive session on Monday to trade near previous week's highest level since late-June, with forecast of hot and dry weather in parts of the U.S. Midwest raising concerns over supplies.
Wheat rose recouped previous session's losses to edge 1.3% higher, while corn prices were largely flat.
FUNDAMENTALS
The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was up 0.5% at $14.76-1/4 a bushel, as of 0031 GMT, not far from Friday's four-week high of $14.89 a bushel.
Wheat Wv1 added 1.3% to $8.18-1/4 a bushel and corn Cv1 eased half a cent to $6.19-1/2 a bushel.
Despite recent rains and below-normal temperatures across parts of the U.S. Midwest, forecasts are pointing to hot and dry weather in early August, raising concerns for soybean crops during their crucial pod development, as well as for late-planted corn still pollinating.
U.S. exporters reported the sale of 132,000 tonnes of soybeans for delivery to unknown destinations during the 2022/2023 marketing year, the U.S. Department of Agriculture reported on Friday.
The condition of France's maize crop deteriorated sharply for a second consecutive week, data from farm office FranceAgriMer showed, in a sign that dry weather in the European Union's biggest grain maize producer is taking a tolls.
An estimated 68% of the grain maize crop was in good or excellent condition in the week ended July 25, down from 75% the previous week, 83% in the week ended July 11 and 84% in the week to July 4, FranceAgriMer said in a cereal report.
The wheat market is focussed on Ukraine's grain exports through the Black Sea.
Ukraine's president visited a Black Sea port on Friday to show his country is ready to start exporting grain under a U.N.-brokered deal aimed at easing global food shortages, and said Kyiv was awaiting the signal for the first shipment.
On a rare trip out of Kyiv since Russia's Feb. 24 invasion, President Volodymyr Zelenskiy denounced a Russian Black Sea blockade that has prevented Ukraine from exporting grain, contributing to a sharp rise in global grain prices.
China's securities regulator has approved trading of soybean and soyoil options on the Dalian Commodity Exchange, it said on Friday.
Commodity funds were net buyers of CBOT soybeans, soyoil, corn and soymeal futures contracts on Friday and net sellers of CBOT wheat futures contracts, traders said.
MARKETS NEWS
U.S. stocks extended their mid-summer rebound on Friday, with the dollar and some longer-term Treasury yields dipping, as Wall Street cheered positive corporate news in spite of increased labor costs and other indicators of continued inflation.
By: via Malaysian Palm Oil Council Russia
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