All CME Globex Markets Halted with the SOLE exception of Bursa Malaysia Derivatives (BMD)

Free promotion in all major news online about technical glitch in all CME products and only Bursa Malaysia Derivatives is remained in proper trading condition...

LOS ANGELES (MarketWatch) -- U.S. stock-index futures and other trading on CME Group Inc.'s CME, +0.29% Globex platform has been delayed due to an unspecified technical problem, the bourse operator said Sunday. In an alert on its website, CME said the normal Globex open at 5 p.m. U.S. Central time (6 p.m. Eastern time) had been delayed for all its markets, with the sole exception of Malaysian derivatives. A post on Twitter from the group's account added: "CME Globex is experiencing a technical issue, and we're working towards a solution. We'll keep you posted on any updates." CME analyst Jerry Kukowski said that any orders which did go through before the halt would be canceled, according to Business Insider, which quoted him as saying: "Nothing traded tonight is going to stand."

Indonesia Palm Oil July Estimates From Bloomberg

Exports from Indonesia of 1.8 million tons last month would be the biggest since December, when they were 2.02 million tons. The country accounted for 48 percent of global exports last year, according to data from the U.S. Department of Agriculture.

Indonesian output may drop further in August as harvesting was halted for about a week this month as many people were still celebrating Eid, Derom Bangun, chairman of the Indonesian Palm Oil Board, said Aug. 8. Muslims in Indonesia celebrated Eid on July 28. Supply may improve in September and if that’s not followed by a gain in demand, prices will drop further, he said.

U.S. farmers will harvest a record 3.816 billion bushels of soybeans this year, the USDA said on Aug. 12. The price of the oilseed in Chicago retreated 19 percent this year, dropping on Aug. 14 to the lowest level since September 2010.

     July 2014 (Survey)   June 2014    July 2013
Output           2.14             2.20         2.40
Stockpiles       2.02            2.10         2.35
Exports           1.80            1.79         1.59
NOTE: Figures are in millions of tons

Who Has The Biggest Market Capitalization In Plantation

Here is the table from RHB Investment Bank about those listed plantation companies with big market capitalization as being highlighted with yellow boxes...

click on the table for bigger view

Who Are The Top 10 Oil Palm Landlords?

Here is the table getting from RHB Investment Bank estimates on the top 10 oil palm plantation listed companies for cpo futures traders to know who have the biggest landbank of plantation:

click the above table for bigger view

Here are the top 10 - Sime, Golden Agri, FGV, Wilmar, Astra Agro Lestari, KLK, IOI Corp, First Resources, Genting Plantation, Bumitama Agri.

China Palm Oil Stock 1 Million Tonnes...

Kuok said China has a palm oil inventory of about 1 million tonnes, which is expected to decline as the trade normalises.

Kuok Khoon Hong, Wilmar's chairman and chief executive officer, said on Friday he estimates that more than half of China's palm oil imports were for financing purposes.

China, the world's No.2 buyer of the vegetable oil, imported 2.9 million tonnes of palm oil in the first half of 2014, nearly flat from a year earlier, official trade data showed. Palm oil imports grew 8 percent on the year for the first half of 2013.

"Oil prices will be depressed for a year or two, and it's not a good time to buy (palm oil plantations) right now," said Kuok.

Source: Reuters - http://af.reuters.com/article/commoditiesNews/idAFL4N0QD3WP20140808?pageNumber=1&virtualBrandChannel=0

The World Largest Palm Oil Trader's Profit Falls 22% Q2

Wilmar International Ltd. (WIL), the world’s largest palm oil trader, said second-quarter profit fell 22 percent as industry overcapacity hurt margins in palm oil refining.

* Q2 net profit down 22 pct at $170.7 million

* Revenue little changed at $10.5 billion

* To pay interim dividend of 2 Singapore cents/shr vs 2.5 cents

Palm and Laurics saw pretax profit fall 56 percent to $99.8 million on tight supply of crude palm oil and increased competition due to excess capacity industrywide, Wilmar said. Pretax profit at its plantations division more than double to $107.1 million on improved yields and higher palm prices. 

Palm oil, the world’s most-used edible oil, has tumbled 23 percent from an 18-month high in March and entered a bear market last month as production in key nations such as Malaysia expanded and demand in food and biofuel trailed estimates. Record U.S. output of soybeans, crushed to make an alternative oil, is adding to global cooking oil supply this year. 

Source:
Bloomberg - http://www.bloomberg.com/news/2014-08-07/wilmar-quarterly-profit-falls-22-on-shrinking-palm-oil-margins.html 
Reuters - http://af.reuters.com/article/commoditiesNews/idAFL4N0QD3WP20140807 

Reuters Bloomberg On July Palm Oil Demand And Supply Surveys

Reuters:
* July palm stocks seen down 1.3 pct on month to 1.64 mln T.
* Production likely up 4.9 pct to 1.65 mln T.
* Exports to fall 2.1 pct.

Bloomberg:
* July palm stocks seen down 3.6 pct on month to 1.60 mln T.
* Production climbed 3.2 pct to 1.62 mln T.

Malaysian Palm Oil Board data due Aug. 11 Monday.

Higher palm oil output to cap prices, depending on El Nino

* Threat of El Nino eases, but not completely ruled out
* Malaysian output may be capped by tree stress, Indonesian yields to surge
* Malaysian stockpiles seen hitting close to 2 mln tonnes in Sept 
* Prices to be trapped between 2,300-2,600 rgt in absence of El Nino

More details in Reuters News - http://in.reuters.com/article/2014/08/04/malaysia-palmoil-idINL4N0Q739Z20140804