01172017Tue
Last update: Tue, 17 Jan 2017 03pm

Agriculture and Allied: World

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The following were Monday's Rotterdam vegetable oil prices at 1700 GMT:
Malaysian palm oil futures rose on Monday, helped by improving export demand and strong commodity prices due to tight supplies, traders said. Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 3,110 ringgit ($696.68) a tonne at the end of the trading session.
Soyabean spot basis bids weakened along the Illinois River and at a processor in Decatur, Illinois, on Friday as a futures rally enticed many farmers to sell in the US Midwest, dealers said.
US wheat futures closed mostly firmer on Friday, with concerns about a cutback in winter wheat plantings in the United States remaining in focus amid a flurry of export activity.
European wheat futures were little changed on Friday as support from a lower than expected US wheat sowing estimate a day earlier faded, while traders took a relaxed view of a cold spell forecast for Europe next week.
Export premiums for wheat shipped from the US Gulf Coast were steady to higher on Friday on solid demand for high-protein grain and weather-related loading delays at US ports, traders said. Columbia River lock maintenance work has halted grain barge shipments in the Pacific Northwest and Great Lakes ports have closed for the season, leaving more shipments to be handled by Gulf Coast facilities through March.
The European Union has awarded all of the 450,000 tonnes of Ukrainian maize imports available in 2017 under a tariff-free quota after offers exceeded the total volume in a first bidding round, the EU's official journal showed on Thursday.