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KLC UPDATE-
ARGN SOYBEAN SPECIAL REPORT-
*Nepal Budget to be laid in Parliament today*Argntna GN prdn back at 2yrs ago level 10 LacTon*Argntna President Fires Cabinet Secy as Bills of Economic Reforms stalls in Congress
Brazil Soy crop size drops on Weather havoc/still Brazil manage to ship 82% of Exports to Traditional 4 Top buyers China Spain Netherlands Turkey-Brazil 70/73% of Export Tonnage shipped to China since many yrs, Crop size No matter*Brazil USA Jan/April 62-70% of Soy shipments destined to China
KLC MID OPEN +22 RM
12:02#KLC+22(AUG3890)SUNOIL:890+2.8ECBOT:SOYOIL-0.34,ML-0.4,SD-3.5CHINA:SOYOIL-4,ML+20,SD+27,RBD-52INR 83.22 RINGIT 4.706WTI 77.15 BRNT 81.58
USA: Current new crop Soybeans export commitments are at a 19-year low, driven by a total absence of NO.1 buyer China with exactly 0.0 million 2024/25 bushels on the books