What's
New
26 October 2009
Declining World Exports of Soya Oil and Sun Oil Requiring Larger Share of Palm Oil in Oct/Mar 2009/10...
This year’s US soybean and corn crops have
reached maturity late, but a significant portion of both
crops is now overripe and could not be harvested so
far due to overly wet conditions and muddy fields.
Harvest progress is the slowest on record, making it a
price-determining factor this week. The soybean
harvest in the US is normally 90% completed by the
end of Oct, but this year it is possible that as much as
30-35% will still be in the fields in early Nov. There is
concern about qualitative and quantitative losses of
still unharvested soybeans. Frost and snowfall expected
in the Midwest could damage soybean pods.