Friday, March 28, 2014

Market views and news (updated)

China Soybean, Rubber Importers Renege on Deals By Huileng Tan March 27, 2014, Wall Street Journal; http://online.wsj.com/news/articles/SB10001424052702304688104579464772427185240?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304688104579464772427185240.html;
Chinese importers of soybeans and rubber are backing out of deals, adding to a wide range of evidence showing rising financial stress in the world's second-biggest economy.

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Moody's sees crude palm oil prices to average US$700 to US$800 per tonne this ...; The Malaysian Insider  - ‎Mar 24, 2014‎; http://www.themalaysianinsider.com/business/article/moodys-sees-crude-palm-oil-prices-to-average-us700-to-us800-per-tonne-this; Crude palm oil prices are expected to hover around US$700 range thanks to food-based usage and demand for biodiesel. - The Malaysian Insider pic, March 24, 2014Moody's Investors Service expects crude palm oil (CPO) prices to average between ...

Mistry Bullish on Palm Oil as El Nino Threatens to Parch Trees; Businessweek By Ranjeetha Pakiam   March 21, 2014 ; http://www.businessweek.com/news/2014-03-21/mistry-bullish-on-palm-oil-as-el-nino-threatens-to-parch-trees; Palm oil may extend its advance in April to the highest level since 2012 after dry weather in ... The southwest monsoon in India is likely to be impacted....

CPO Exports Seen to Rise 10% to $22 Billion in 2014;Jakarta Globe By Investor Daily on 01:25 pm Mar 19, 2014; http://www.thejakartaglobe.com/business/cpo-exports-seen-rise-10-22-billion-2014/ ;
Jakarta. The Indonesian Palm Oil Association (GAPKI) predicts that 2014 exports of crude palm oil are set to reach $22 billion, up 10 percent from last ...

Palm Production in Indonesia Rising for First Time in 6 Months;  Jakarta Globe By Yoga Rusmana on 09:17 am Mar 21, 2014; http://www.thejakartaglobe.com/business/palm-production-indonesia-rising-first-time-6-months/; The percentage change for exports is derived from the February figure from the Indonesian Palm Oil Association, known as Gapki. Comparisons for ...

Consumers Pinched as Palm Oil, Soybean Prices Rise; Wall Street Journal By Isabella Steger,  Debi Nayak and  Huileng Tan  March 14, 2014 5:26 a.m. ET; http://online.wsj.com/news/articles/SB10001424052702304914904579438610824940936?mg=reno64-wsj ; Palm oil in China is now more expensive than soy oil, the most commonly used cooking oil, which is an unusual development, said Jane Peng, ...

Agriculture Prices Hold Up Despite China Jitters; Wall Street Journal (blog); http://blogs.wsj.com/economics/2014/03/19/auto-draft-17/; Fears over China's slowing growth so far in 2014 have hurt prices for ... Dry weather in Brazil and Southeast Asia has hurt supply of palm oil, as has ...

Crude palm oil may rise to RM3,177, says Oil World; The Star Online  - ‎Mar 4, 2014‎; http://www.thestar.com.my/Business/Business-News/2014/03/05/Crude-palm-oil-may-rise-to-RM3177-says-Oil-World/;   KUALA LUMPUR: Riding on the current rally in crude palm oil (CPO) prices, CPO could average at the RM3,177 level a tonne this year, 14% higher than 2013's average.
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Energy

US expands gas exports in bid to punish Putin for Crimea; theguardian.com, Tuesday 25 March 2014; http://www.theguardian.com/environment/2014/mar/25/us-expands-gas-exports-in-bid-to-punish-putin-for-crimea; One of the most advanced U.S. LNG export projects, Cameron LNG--a project in which GDF SUEZ holds an ownership share--has received conditional non-Free Trade Agreement approval from the U.S. Department of Energy.  Senate energy committee told exporting natural gas would end Russia’s 'energy blackmail'




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