soyoil

Soyoil continued to go up as it made new highs along with Malaysian palm oil amid talk of Chinese buying.

Singh said that historically soyoil had been treated more favorably than palm oil, because in the past India did not produce any soyoil.

The issue of soyoil imports to China is just a normal problem during the process of trade development.

Q: On Argentine President's visit, is there any progress in the disputes over the import of Argentine soyoil between the two countries?

Soyoil prices have risen to levels that have largely taken the profitability out of turning soy oil into biodiesel.

Lately, the situation has begun to improve, with a deal to resume soyoil shipments announced last week.

Soyoil closed lower on disappointing export sales and on speculation that China placed restrictions on soy oil imports as well as soybeans.

Soyoil was boosted to a new contract high primarily from Statistics Canada's canola stocks figure was well below early trade estimates.

However, growing biodiesel demand for soyoil is expected to sharply reduce U. S. soyoil stocks in the next few years.

The edible oil industry has expressed concern that the new policy could delay soyoil imports, which are mostly made from GM soybeans.

Soyoil stocks were drawn down more than the trade had expected, dropping to 674 thousand tonnes.

The USDA also cut soyoil stocks that touched off a rally in soyoil futures that is still affecting the market.

Argentina used accounted for 77% of the Chinese soyoil market in 2009.