21/10/2011 (MoneyControl.com) - Nirmal Bang has come out with its report on CPO. As per research firm CPO is expected to trade lower.

Soy Oil complex ended higher on good demand in the spot market. Soy oil ended higher by 0.93%. Cottonseed ended lower by 1.57%.

Exports of Malaysian palm oil products for Oct 1-20 rose 5.5 percent to 1,031,953 tonnes from 978,087 tonnes shipped during Sept. 1-20, cargo surveyor Intertek Testing Services said on Thursday. Rainfall at mid-week was slowing the corn and soybean harvests in the eastern U.S. Midwest, while dry weather was conducive to rapid combining in the west, an agricultural meteorologist said Wednesday. China is seen expanding soy crushing capacity by 12.5 million tonnes in 2012 to 125 million tonnes, which will continue to spur imports of soybeans by the world's top soy buyer, an official think-tank said on Tuesday. Soy processing capacity this year is likely to increase by 17.5 million tonnes, which can either process soybean or rapeseed, the China National Grain and Oils Information Centre (CNGOIC) at a report. Earlier the centre had expected an increase of 12.3 million tonnes of soy capacity for this year.

Outlook for Soybean is seen down for the day. CPO is expected to trade lower.