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12/09/2025

Export Summary-South Korea buys corn, seeks more; Jordan seeks barley

Sept 11 (Reuters) - Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources as of the end of business on Thursday:

CORN PURCHASE: South Korean buyers Major Feedmill Group (MFG) and its member company Cargill Agri Purina purchased a total of about 130,000 metric tons of animal feed corn in an international tender on Thursday, European traders said.

CORN PURCHASE: The Incheon section of the Korea Feed Association (KFA) in South Korea purchased around 68,000 tons of animal feed corn in a private deal on Thursday without issuing an international tender, European traders said.

CORN TENDER: South Korea's Major Feedmill Group (MFG) has issued an international tender to purchase up to 70,000 tons of animal feed corn, European traders said on Thursday. The deadline for price offers is Friday, September 12.

FEED BARLEY TENDER: Jordan's state grains buyer has issued an international tender to purchase up to 120,000 tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers in the tender is September 17.

PENDING TENDERS:

SUNFLOWER OIL TENDER: Turkey's state grain board TMO issued an international tender to purchase and import about 18,000 tons of crude sunflower oil, European traders said. The deadline for submission of price offers in the tender is September 12.

WHEAT TENDER: A state grains buyer in Syria issued an international tender to purchase about 200,000 tons of soft milling wheat, European traders said. The deadline for the submission of price offers is September 15.

CORN, BARLEY AND SOYMEAL TENDER: Iranian state-owned animal feed importer SLAL issued international tenders to purchase up to 120,000 tons of animal feed corn, 120,000 tons of feed barley and 120,000 tons of soymeal, European traders said. The deadline for submission of price offers is September 16, they said.

WHEAT TENDER: Jordan's state grain buyer issued an international tender to buy up to 120,000 tons of milling wheat, which can be sourced from optional origins, European traders said. The deadline for submission of price offers is September 16.

12/09/2025

Brazil to produce 180 million metric tons of soybeans in 2025/26, 3Tentos says

SAO PAULO, Sept 11 (Reuters) - Brazilian farmers are poised to produce 180 million metric tons of soybeans in the 2025/26 season, Luiz Dumoncel, board chairman at agricultural inputs reseller and grain processor 3Tentos, said during an industry event on Thursday.

That would mark an almost 10 million-ton rise from the 2024/25 season, when Brazil produced an all-time record of 171.5 million tons of soybeans, according to crop agency Conab.

Corn production could reach 140 million tons in 2025/26, Dumoncel added, citing industry projections. If accurate, it will be very similar to corn output in the season now drawing to a close, which Conab pegged at 139.7 million tons.

Speaking at a panel with other industry representatives, Dumoncel said the market expects a low-intensity La Niña weather pattern in the new season, meaning farmers can expect a rainy second half of the year.

He noted, however, delays in the arrival of rains in the Center-West, Brazil's most important grain-growing region, although some farmers have already started planting their new soy there on irrigated fields.

Brazilian growers have started planting soy in certain areas of Parana state last week, according to private consultancy AgRural.

Typically, farmers begin to plant their new soybean crop in mid-September in large states including Mato Grosso.

12/09/2025

TOP NEWS Agricultural Commodities

> Expana expects record EU soft wheat harvest this year
> NOPA August US soybean crush estimated at 182.857 million bushels
> Brazil to produce 180 million metric tons of soybeans in 2025/26, 3Tentos says
> Ukraine cuts wheat and corn minimum prices for exports in September
> GRAINS-Corn, soybeans tick higher ahead of USDA report
> SOFTS-Arabica coffee slips from four-month highs while cocoa gains
> China clears imports of Brazil sorghum, official says, in blow to US
> Apple growers in Indian Kashmir face crippling losses from floods, road closures
> China's teapot refiners face fresh test from crackdown on tax evasion
> ASIA RICE-Thai prices hit 3-week high on strong baht; Vietnam rates fall on weak
> VEGOILS-Palm rises on supply concern, weak demand caps gains
> In Colombia coca-growing region, transition to peace is stumbling
> LIVESTOCK-Cattle futures bounce on short covering

12/09/2025

DJ Southeast Asia Palm Oil Weather Sep 11

SOUTHEAST ASIA REGION: 72 hour forecast.
Myanmar Highlights: Scattered showers.
Thailand Highlights: Scattered showers.
Vietnam Highlights: Scattered showers.
Philippines Highlights: Scattered showers.
Malaysia/Indonesia Highlights: Isolated to scattered showers.

WORLD OILSEED PROSPECTS
Scattered showers in Malaysia and Indonesia favorable for oil palm.
Favorable rainfall in western Australia, reducing drought for reproductive canola. But some additional rain needed in the east, may get some this week.

12/09/2025

CIF/FOB Gulf Grain-Corn, soybean basis bids steady-lower ahead of USDA report

CHICAGO, Sept 11 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were steady to slightly lower on Thursday, even as supplies tightened in interior markets and farmer selling has slowed ahead of harvest, traders said.

Higher barge freight rates also have been part of the reason why CIF prices have been volatile this month, traders said.

River levels are falling and barge firms are preparing for draft restrictions to extend into the fall, just as farmers are in the midst of harvesting what is expected to be a massive corn crop. BG/US

The rise in corn CIF prices in particular is expected to be somewhat short-lived, traders said, once that flood of grain hits the market.

Chicago corn and soybeans futures rose on Thursday as traders squared positions before a U.S. Department of Agriculture crop report on Friday that will include closely watched U.S. corn and soybean harvest forecasts, analysts said.

CIF Gulf soybean barges loaded in September were bid at around 53 cents over Chicago Board of Trade November SX25 futures, down 1 cent from Wednesday.

FOB export premiums for soybeans shipped from the Gulf in October were steady, offered at about 76 cents over November futures.

CIF September corn barges were bid at 82 cents over CBOT December CZ25 corn futures, steady from Wednesday.

FOB export premiums for corn shipped from the Gulf in October were steady at around 98 cents over December futures.

12/09/2025

European feeds-Soymeal dips on weak demand, Brazil’s bumper supply outlook

Gdynia, September 11 (LSEG) - Soymeal in the European meals and feeds market inched down on Thursday on weak global demand. Traders were quiet ahead of Friday's monthly USDA reports.

Brazil’s crop agency Conab revised its forecast for the 2024/25 soybean harvest up to a record 171.47 million tonnes, surpassing its previous estimate of 169.65 million tonnes.

On September 11, FOB Rotterdam quotes for EU high protein soymeal for October delivery were $1 a tonne down compared to Wednesday. FOB Rotterdam prices for EU low protein soymeal for October delivery remained stable compared to Wednesday, LSEG's records showed.

South American soymeal mostly offered between $4 a tonne up and $1 a tonne down from Wednesday. On September 11, CIF Rotterdam quotes for Brazilian high protein soymeal for September delivery quoted $2 a tonne up from Wednesday. CIF Rotterdam quotes for Argentine's high protein material for September delivery remained unchanged from Wednesday, indicating price stability in the market, according to LSEG's records.

EU rapemeal quoted around 4 euros per tonne lower and 1 euro higher from Wednesday tracking weaker European rapeseed and Canadian canola futures. Tight supplies of the old-crop Canadian canola despite the ongoing trade uncertainty with China undermined the prices, while rising U.S. soybean oil quotes provided some support for rapemeal in Europe.

12/09/2025

European vegoils - Palm oil down, EU gives green light to Malaysia’s standards

GDYNIA, September 11 (LSEG) - Palm oil prices in the European vegetable oils market eased on Thursday, despite gains in Malaysian palm oil futures on hopes for improving demand and because of rebounding CBOT soyoil.

The EU has officially recognized Malaysian Sustainable Palm Oil certification (MSPO) as compliant with the upcoming EU Deforestation regulation (EUDR). This decision expected to support renewed interest from European buyers and potentially boost demand for certified Malaysian palm oil.

Asking prices for palm oil for afloat position remained unchanged, while prices for September and onward deliveries fell by $95 per tonne after Malaysian palm oil futures closed between 16 and 43 up. However, upward momentum capped by weaker export performance in September.

Tanker freight for moving 40,000 tonnes of palm oil and by-products from Malaysia or/and Indonesia ports toward the European port of Rotterdam was assessed by LSEG at $72.1 per tonne on September 5, $0.5, or 0.69% down from last week.

CBOT soyoil futures were between 0.01 and 0.61 cent per pound up around 1430 GMT, taking cues from Chicago soybeans amid bargain buying ahead of the USDA's supply/demand report due on Friday, September 12.

Asking prices for EU rapeoil were between one and eight euros per tonne higher, tracking higher soyoil futures. A new 2026 crop from, August onwards, quoted between five and 20 euros per tonne higher.

Lauric oils were between unchanged and $75 per tonne higher, following gains in palm oil.

12/09/2025

Alberta daily canola price as of Sept. 11

Sept 11 (Reuters) - Closing Canola Average Prices (per tonne, in Canadian dollars) as of Sept. 11 2025:

Region Sep.11 Sep.10 Sep.09
Peace 572.98 569.38 561.53
North Alta 579.19 575.59 567.29
South Alta 587.69 584.09 576.40

12/09/2025

ICE canola futures follow soyoil for small gain

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba, Sept 11 (Reuters) - ICE canola futures followed Chicago soyoil higher on Thursday, chalking up a second day of gains.

November canola RSX5 settled up $3.60 at $631.70 per metric ton. January settled up $3.40 at $644.10.

Canola futures have seen little direction in recent sessions, traders said. Bears expect a further leg down, while bulls think a bottom might be establishing.

Canola is being harvested across Western Canada. Rain in Manitoba and forecast for Saskatchewan in coming days is expected to slow progress.

Chicago Board of Trade soyoil futures BOv1 rose 1.16%.

Euronext rapeseed futures COMc1 fell 0.27%.

Malaysian palm oil futures FCPOc3 rose 0.79% on lower-than-expected increases in production.

The Canadian dollar CAD= slightly rose.

12/09/2025

GRAINS-Soybeans, corn, wheat set for weekly gains ahead of USDA report

BEIJING, Sept 12 (Reuters) - Chicago soybeans, corn and wheat were on track for weekly gains on Friday as traders adjusted positions ahead of a key U.S. supply and demand report.

FUNDAMENTALS
As of 0114 GMT, the most active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.17% to $10.35-2/8 per bushel, though an absence of China demand continued to weigh on sentiment.

Wheat Wv1 fell 0.1% to $5.21 a bushel, while corn Cv1 slipped 0.06% to $4.19-4/8 a bushel, but both contracts remain poised for weekly gains.

The U.S. Department of Agriculture (USDA) will release its world supply and demand report later in the day, with analysts widely expecting cuts to U.S. soybean and corn yield forecasts.

Weekly U.S. export sales showed 539,900 metric tons of 2025/26 corn were booked in the week ended September 4, coming in below trade expectations.

In South America, Brazilian farmers are poised to produce 180 million metric tons of soybeans in the 2025/26 season, nearly 10 million tons more than in 2024/25.

Ample global supply continues to cap wheat prices. Consultancies IKAR and Sovecon each raised their estimates for Russia's wheat harvest to around 87 million metric tons.

Commodity funds were net buyers of CBOT corn, soy, wheat futures on Thursday, traders said.

MARKET NEWS
MSCI's global equities gauge hit a record high on Thursday while U.S. Treasury yields fell along with the dollar due to growing expectations for interest rate cuts, as softer labour market data overshadowed a higher-than-expected U.S. inflation reading.

12/09/2025

DJ Palm Oil Production Set to Peak in Sept-Oct

Palm oil production could peak again in September-October before tapering off, supported by favorable weather that should boost fruit formation, Apex Securities analyst Steven Chong says in a note. Export demand may remain subdued in September, as palm oil inventories in China and India were elevated in July due to aggressive restocking. Weaker soybean oil prices and rising supply may cap upside for CPO prices, he reckons. Apex Securities maintains a neutral rating on Malaysia's plantation sector, and pegs SD Guthrie as its top pick.

12/09/2025

VEGOILS-Palm rises, on track for second consecutive weekly gains

JAKARTA, Sept 12 (Reuters) - Malaysian palm oil futures rose on Friday, supported by stronger edible oils in Dalian futures and is on track for a second consecutive week of gains.

The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange gained 23 Malaysian ringgit, or 0.52%, to 4,477 Malaysian ringgit ($1,063.67) a metric ton, as of 0233 GMT.

The futures have gained 0.61% so far for the week.

FUNDAMENTALS
Dalian's most-active soyoil contract DBYcv1 increased 0.84%, while its palm oil contract DCPcv1 was up 1.32%. Soyoil prices on the Chicago Board of Trade (CBOT) BOcv1 gained 0.04%.

Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market.

Malaysia's palm oil stocks surged to a 20-month high in end-August as production increased and exports slipped slightly, data from the Malaysian Palm Oil Board showed.

Chicago soybeans, corn and wheat were on track for weekly gains on Friday as traders adjusted positions ahead of a key U.S. supply and demand report.

Oil prices edged lower on Friday after a big drop in the last session over possible softening of U.S. demand and broad oversupply that offset worry about supply disruption from conflict in the Middle East and war in Ukraine.

Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

The ringgit MYR=, palm's currency of trade, strengthened 0.24% against the dollar, making the commodity more expensive for buyers holding foreign currencies.

Palm oil FCPOc3 may extend gains to 4,506 ringgit per metric ton, as a flat pattern might be developing, Reuters technical analyst Wang Tao said.

MARKET NEWS
Asian share markets followed Wall Street higher on Friday as the growing prospect of several more U.S. rate cuts promised to lower borrowing costs globally, a relief to stressed bond markets and a drag on the dollar.

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