Palm | Kelapa Sawit

SAO PAULO, Nov 3 (Reuters) - Forward sales of Brazilian
soybeans stood at 19 percent of the 2008/09 crop by Oct. 31,
unchanged from the prior week as the lack of credit and market
volatility stifles sales, analysts Celeres said on Monday.
The new crop is seen at 61.7 million tonnes, according to
Celeres' latest forecast, unchanged from October's forecast.
Forward sales are still well behind last year at this time
when 31 percent of the expected crop was already sold.
Volatility on the world financial markets has dried up credit
lines that producers, exporters and trading houses use to
finance the planting, harvesting and sales of the crop.