Category Archives: News

Wasde: US soybean ending stocks cut below expectations

The US Department of Agriculture’s (USDA) September update to its World Agricultural Supply and Demand Estimates (Wasde) brought lower-than-expected cuts to US soybean ending stocks in the 2023/24 crop, along with cuts to beginning stocks, production, crush and exports. By the time the report was published, CME soybean futures declined 6 cents/bushel (bu.) as projections

CPO FUTURES ON WORST WEEKLY PERFORMANCE IN 4 MONTHS AS RISING AUGUST SUPPLY CONTINUE TO DRAG PRICES LOWER

Palm futures closed the week at 3 week low after trading lower for five straight days weighed down by a combination of losses in related oils and on soaring supply outlook for Aug. The market has been readjusting to expectation of August end-month stocks rising to nearly 2 million tons after MPOA data released on…

Palm oil fundamental data due in week 4—8 September 2023 and expectations

1.) Bloomberg and Reuters Malaysia August supply and demand estimates—This will be the most awaited data next week as traders assess the extent of change in the key palm supply and demand variables. Exports are seen… Actual data from MPOB is due on 11 September at mid-day Malaysia time, however Bloomberg and Reuters poll will