Argentina exchange trims soy harvest estimate to 50.5 mlnT

Argentina’s Buenos Aires grains exchange on Thursday trimmed its estimate for the 2023/24 soybean harvest to 50.5 million metric tons, citing hot and dry weather in March in northern regions. The exchange cut its soy estimate from 51 million tons previously. Argentina is one of the world’s top two exporters of processed soy oil and …

Bearish CPO fundamentals likely to persist

PETALING JAYA: The plantation sector’s bearish supply-demand fundamentals in April will likely persist into May, with Indonesian production and exports anticipated to escalate and pressure crude palm oil (CPO) prices as inventory rises. In April, CPO production in Malaysia rose to 1.5 million tonnes following a 7% month-on-month (m-o-m) fall in exports to 1.23 million …

Malaysia PalmOil Fob Prices @ Midday Close

Midday Market CloseBmd : Aug 3904 (+12)H 3929 / L 3888Vol : 27,471 OlnJun 870 vsJas 872.5 vs 865Ond 877.5 vs 870Jfm 890 vs 885 Rbdpo: -5 Strn: Jun 887.5 (deld)Pfad: Jun 822.5 (deld) Local Cpo: May 3930 Laurics: Jun 288 (pk) / 289 (pg)Rbdpko: Jun 1145Rbdpkoln: Jun 1080Rbdpks : Jun 1280 Sbo :Jul 4524 …