31/01/2012 (MoneyControl.com) - Nirmal Bang has come out with its report on agri commodities. As per the research firm outlook for Soybean is seen up for the day and CPO is expected to trade higher.

Soy oil ended lower by 1%. Palm oil ended lower by 0.75%. RM seed ended lower by 0.11%. Malaysia has delayed issuing tax free crude palm oil export quotas for 2012 as it drafts a policy response to top supplier Indonesia's move to change its tariffs and revive its own refineries.

Argentina's soy and corn harvests will be smaller this season than in the previous crop year, the Buenos Aires Grains Exchange said on Thursday, underlining concerns that recent dry weather might crimp world food supplies. Wet weather will start to break up over Brazil's main center-west grain belt just as the bulk of the soy crop comes ready for harvest, while new rains arrive in the south where more moisture will help fields hurt by drought, forecasters Somar said Friday.

Outlook for Soybean is seen up for the day. CPO is expected to trade higher.