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MARKET DEVELOPMENT
01-10-2021

Soybeans Close 28Â¢ Lower | Thursday, September 30, 2021

On Thursday, the CME Groupâ€™s farm markets finish mostly lower. In its September Quarterly Grains Stock Report, the USDA pegged soybean stocks higher than the trade expected. Plus, in a separate report, the USDA revised upward the U.S. soybean 202/2021 production by 80.0 million bushels

MARKET DEVELOPMENT
30-09-2021

MPOC: Oil palm plantations in dire need of foreign workers

KUALA LUMPUR (Sept 29): Malaysian oil palm plantations are in urgent need of foreign labour as there has been a shortage of 75,000 foreign workers since last year.

MARKET DEVELOPMENT
30-09-2021

Target of 20m tonnes CPO production in limbo

MALAYSIA may not be able to achieve the 20 million tonnes crude palm oil (CPO) target this year if the 75,000 foreign workers shortage is not addressed, the Malaysian Palm Oil Council (MPOC) said.

MARKET DEVELOPMENT
30-09-2021

VEGOILS-Palm oil falls on cheaper crude, U.S. soyoil

Malaysian palm oil futures fell on Wednesday, erasing gains from the previous session, as they tracked weakness in crude oil and U.S. soyoil prices.

MARKET DEVELOPMENT
30-09-2021

Corn, Soybean Markets Close Higher | Wednesday, September 29, 2021

On Wednesday, the CME Groupâ€™s farm markets move higher. At the close, the Dec. corn futures finished 6Â½Â¢ higher at $5.39. March futures finished 6Â½Â¢ higher at $5.47. May corn futures ended 6Â¼Â¢ higher at $5.51. November soybean futures closed 6Â¾Â¢ higher at $12.83.

MARKET DEVELOPMENT
30-09-2021

VEGOILS-Palm rises for third day on stronger rival oils

SINGAPORE, Sept 30 - Malaysian palm oil futures rose for a third straight session on Thursday, helped by strength in rival oils on the Dalian Commodity Exchange and the Chicago Board of Trade.

MARKET DEVELOPMENT
30-09-2021

GRAINS-Corn eases as market awaits U.S. stocks report, set for monthly gain

SINGAPORE, Sept 30 (Reuters) - Chicago corn futures lost ground on Thursday as traders squared positions ahead of a widely watched U.S. Department of Agriculture (USDA) report that is expected to show tightening stocks in the United States.

MARKET DEVELOPMENT
30-09-2021

Refined Soyaoil Gains as Soyabean Production was Affected by the Patchy Rains

Refined Soyoil yesterday settled up by 0.97% at 1323.1 as oilseeds output is also expected to be down a tad at 23.38 mt as soyabean production was affected by the patchy rains in the key producing States of Gujarat and Madhya Pradesh, respectively. Favorable weather over the weekend boosted U.S. harvest, while exports remain capped by terminals on the U.S. Gulf Coast that continue to struggle with power outages and hurricane-led damage as the country heads into its busiest export season. India's vegetable oil imports are likely to contract for the second straight year, the Solvent Extractors' Association of India (SEA) said.

MARKET DEVELOPMENT
29-09-2021

RMK-12: Palm oil-based biodiesel use to be scaled up in Malaysia â€“ B15 and B20 soon, up to B30 by 2025

Prime minister Datuk Seri Ismail Sabri Yaakob recently presented the 12th Malaysia Plan, or Rancangan Malaysia Ke-12 (RMK-12), which is a five-year guide for the countryâ€™s development from 2021 to 2025. In it, the government touched upon biodiesel usage and how it will be scaled up in the years to come.

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