upcoming events

Jun 2020
1 2 3 4 5 6 7 8 9 10
ONLINE PANEL: RETAIL & DISTRIBUTION x COVID-19
Wed - 10/6/2020
Status: Active
11 12 13 14 15 16 17
ONLINE PANEL: SUPPLY CHAIN AGRO x COVID-19
Wed - 17/6/2020
Status: Active
18 19 20 21 22 23 24 25 26 27 28 29 30

Survey

1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?

Submit

Galleries

This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

SOURCING / BUSINESS DEVELOPMENT MANAGER - FERGUSON GLOBAL

Ferguson Global is seeking a Sourcing / Business Development Manager to assist in our Southeast Asia sourcing expansion. This position will report directly to our Regional Manager based in Taiwan and work closely with our staff at Ferguson Enterprises, LLC headquarters in Newport News, VA, USA.

PROJECT MANAGER - ALCON SINGAPORE

The Project Manager (PMO) is a highly visible role that is responsible for driving the transformation activities for Singapore Replenishment Center (SRC) and 3rd party service providers’ warehouses migration from current location to a new location. This leader will lead cross-functional internal and external resources and has overall accountability of the execution and performance of projects and transformation initiatives.

WAREHOUSE OPERATION MANAGER - MAERSK

Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.

SOYBEANS CLIMB 1.6% ON EDIBLE OIL SUPPLY CONCERNS

2020-03-31 09:32:49

Share with friends

SOYBEANS CLIMB 1.6% ON EDIBLE OIL SUPPLY CONCERNS 

Soybean giant Brazil swoops on US crop as China trade war ...

"Palm oil production is likely to drop and that is going to result in higher demand for soybean oil," said one Singapore-based trader.

 

 

SINGAPORE: Chicago soybean futures jumped 1.6 per cent on Wednesday as Malaysia's move to shut down businesses to contain the rapidly spreading caronavirus raised concerns over production of rival palm oil.

 



Corn ticked higher after dropping to its lowest since June 2018 earlier in the session, while wheat gained on bargain-buying..

 

 

"Palm oil production is likely to drop and that is going to result in higher demand for soybean oil," said one Singapore-based trader.

 

 


"For wheat and corn, we have some opportunity for importers to lock deals at lower prices."

 



Malaysian palm oil futures jumped more than 5 per cent in early trade, while US soybean oil gained 2.5 per cent.

 

 

The most-active soybean futures on the Chicago Board Of Trade rose 1.6 per cent to $8.37-1/4 a bushel by 0303 GMT, having firmed 0.3 per cent on Tuesday.

 

 

Palm oil plantations in Malaysia will have to stop operations for the next two weeks to comply with government orders to shut non-essential businesses to contain the spread of the coronavirus, a producer group said.

 

 

Malaysia has closed its borders and restricted internal movement by shutting schools and businesses from Wednesday until March 31, after the number of infections in the country climbed to the highest in Southeast Asia.

 

 


Global commodity and stock markets are being weighed down by the economic impact of the virus.

 

 

Corn added 0.2 per cent to $3.44-3/4 a bushel after hitting its lowest since June 2018 at $3.42-1/4 a bushel. Corn fell 3 per cent in the previous session. Wheat gained for a second day, up 0.4 per cent at $5.01-1/4 a bushel.

 

 


US stock futures stepped back in choppy early Asian trade as concerns about the widening coronavirus epidemic weighed against hopes policy support would combat its economic fallout.

 

 

Demand for US farm exports has been stifled by a stronger dollar as companies and investors seek the most liquid currency in an uncertain market.

 

 

A stronger dollar makes US commodities relatively more expensive on the global market.

 



The Trump administration on Tuesday supplemented a global effort to combat the pandemic, by unveiling a $1 trillion stimulus package that could deliver $1,000 cheques to Americans within two weeks.

 


 

The US Agriculture Department on Tuesday said good-to-excellent ratings for hard red winter wheat in Kansas, the top production state for the crop, slipped to 46 per cent from 47 per cent. But ratings improved in Texas and Oklahoma.
 
 


Commodity funds were net sellers of CBOT corn and soymeal futures on Tuesday, traders said. They were net buyers of CBOT wheat, soyoil and soybeans. soyoil and soybeans.