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JAKARTA: Malaysian palm oil futures closed higher and recorded a weekly gain on Friday, tracking the strength in rival oils at the Dalian and Chicago markets. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 86 ringgit, or 2.26%, at 3,890 ringgit ($830.31) a metric ton on the …

Continue reading “Palm oil ends higher tracking rival oils, logs 2% weekly gain”

Barge shipments down the Mississippi river increased to 490k tons in the week ending May 11 from 421k tons the previous week, according to the USDA’s weekly grain transportation report.

The following shows the percent of US agricultural production within an area that experienced drought for the week ending May 14, according to the USDA’s weekly drought report.

Soybean harvesting in flood-hit Rio Grande do Sul state reached 85% of the area planted with the oilseed, up from 78% last week, according to crop agency Emater on Thursday. The harvesting of corn in Rio Grande do Sul advanced 2 percentage points to 88% of area from a week ago, Emater said.

Argentine farmers are set to harvest 50.5m metric tons of soybeans, down from the previous estimate of 51m, the Buenos Aires Grain Exchange said in a weekly report.

The following shows US export sales of soybeans, corn and wheat by biggest net buyers for week ending May 9, according to data on the USDA’s website.

INR 83.27 WTI 79.11 BRENT 83.48

*चीन में अप्रैल में इंडस्ट्री उतपादन बढा है मगर लोकल डिमांड कम होने से फैक्ट्री में स्टॉक बढ़े है। *साउथ अमेरिका में सस्ते सोयाबीन के ढेर लगने से यूक्रेन को सीजन के बाकी महीनो में डालने ट्रेडिशनल लिवालों को सोयाबीन एक्सपोर्ट में दिक्कत आ जायेगी।