Palm | Kelapa Sawit

HAMBURG, Jan 12 (Reuters) - U.S. soybean exports are likely to slow down in the next three months as new crop supplies from South America enter global markets faster than normal but U.S. soyoil exports will remain high, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"U.S. soybean exports are likely to slow down notably in the Jan./Mar. 2010 quarter due to increasing South American supplies," it said.
"In Brazil, farmers planted a larger area with early-maturing soybeans and we expect that relatively large quantities of new-crop soybeans will already become available in January and that Brazilian soybean exports will be higher than last year in Jan./Feb. 2010."
Prospects for the early 2010 soybean crop in Brazil and Argentina have improved and there are indications of late extra sowings in Argentina as farmers seek to cash in on attractive world prices, it said.