Commodities Daily

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8-Aug-11 Crude Palm Oil Futures Contact Last Chg Open Aug 11 3,128 -42 3,130 Sep 11 3,079 -42 3,050 Oct 11 3,051 -50 3,021 Nov 11 3,044 -47 3,010 Dec 11 3,030 -59 3,007 Jan 12 3,043 -48 3,029 Mar 12 3,049 -48 3,045 May 12 3,035 -62 3,048 Jul 12 3,035 -62 3,037 Sep 12 3,034 -62 3,040 Nov 12 3,025 -62 3,040 Jan 13 3,028 -62 3,040 Mar 13 3,029 -62 0 May 13 3,019 -62 0 Jul 13 3,019 -62 0 Total Commodities Soybeans Soybean Oil Soybean Meal Crude Oil Last Commentary: High 3,140 3,091 3,063 3,048 3,044 3,043 3,045 3,048 3,050 3,047 3,045 3,040 0 0 0 Low Vol Op. Int. 3,130 101 2,480 3,045 2,978 13,540 3,021 17,939 30,135 3,010 8,401 24,327 3,007 3,810 15,380 3,021 877 6,259 3,042 50 4,082 3,034 334 7,306 3,028 413 8,335 3,025 412 5,319 3,040 20 2,169 3,040 15 8,274 0 0 1,336 0 0 1,365 0 0 110 35,350 130,417
Crude Palm Oil

Crude palm oil futures traded in Bursa Malaysia Derivatives Exchange tumbled on the impact of major commodities sell off as the slowing economy in US has dragged down worldwide indices. The benchmark November contract slipped as much as RM 50 to close at RM 3051 where the intraday low has touched RM3021. Volume was recorded high at 35350 lots , an increase of 15,060 from previous session. Open interest has increased to 130,417 contracts. For today, market most probably will continue the bear run with the sharp decline in crude oil and the fell off of soybean oil which failed to sustain above the strong support of 55. We could see a support level for CPO at RM 3020 and further down to RM 3000. Resistance to be pegged at 3070.

Change % Change -8.25 -0.62 55.00 -0.29 -0.52 346.90 -2.50 -0.72 86.88 0.25 0.29
1,328.0

Soyoil
Aug. 5 (Bloomberg) -- Cash premiums for U.S. soybeans shipped in August to export terminals near New Orleans rose relative to Chicago futures on concern that adverse weather will erode crop supplies. The corn spot-basis was unchanged. The spot-basis bid, or premium, for soybeans delivered this month was 57 cents to 60 cents a bushel above November futures, compared with 57 cents to 58 cents yesterday, U.S. Department of Agriculture data show. The corn premium was 78 cents to 80 cents a bushel above September futures. If we get some of the confirmation of crop problems that have been anecdotally reported along the countryside, end-users will make a bigger push to buy soybeans and corn, Brian Grete, a senior market analyst at Professional Farmers of America in Cedar Falls, Iowa, said in a telephone interview. Soybean futures for November delivery dropped 9.25 cents, or 0.7 percent, to $13.36 a bushel on the Chicago Board of Trade. The contract declined 1.6 percent this week.

Demand & Supply Data Export ITS (31/07/11) SGS(31/07/11)

MPOB (10/5/11)
1,633,186 (+13%) 1,628,688(+13.5%) 1,331,742(+7.8%)

Stock
1,670,762(+3.5%)

Production
1,530,009(+8.0%)

Source: Bloomberg/ Phillip Futures

(362533-U)

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FCPO 3rd Month Daily Chart

Export Quantity Analysis

6 Month Palm Oil Export Quantity Comparision (1st to 25th of the Month)
Source: SGS and ITS

1400000 1300000 1200000

1100000 1000000 900000 800000 700000 600000

500000

Feb

March
SGS 2010

April
SGS 2011

May
ITS 2010 ITS 2011

June

July

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