ARTICALS 1 #SOYBEAN

Palm oil dealer Davil Ng said CPO production would only resume growth from March onwards based on seasonal pattern.*We see support at RM4.150 (per tonne) and resistance at RM4,350, he told Bernama.

SANTOS, BRAZIL — COFCO International has entered a strategic framework agreement with Mengniu Group subsidiaries Modern Farming and China Shengmu Organic Milk to supply 1.5 million tonnes of certified sustainable soybeans from Brazil to China.

A prolonged drought in Argentina is negatively affecting corn and soybean crops. Local farmers report that corn leaves, usually still green at this time, are already starting to turn yellow.

Soybean oil is one of the most widely used cooking oils worldwide, especially in countries with large Muslim populations where oil consumption increases during Ramadan.