Author Archives: 919810285269

*US Economist say:FedBank in No hurry to cut Int Rates*US Agri Farmers in Hand Incomes to drop 24% to LY/sharpest drop of decade on low Overseas sales, pushing up Farms stocks

SoyMeal 2 LT/LY 1.77 LTMustMeal 2.30/2.46GN Extr 156/2681DORB NIL/37479CastorMeal 34387/29477

US Soy area dryness ease-Half of end April 17%-Corn too follows Soybean-US 1/3 of planned Soy area sowed/sowing pace slower than Last Year

*US Soy costly so Coastal Plants prefer Brazil Soy-March Import 1.61 LT-Import exceed 1.50 LT in June 2023/July 2021 too*Brazil Soy season begins in Trouble-delayed harvest/Logistics disturb-April Import 1.65 LT/highest for April of 12yr

*Ukraine may struggle to ship Soybean to traditional buyers as Other Origins have plenty of cheaper supplies*Argntna Grey Mkt Peso cross 1100

*Indonesia Annual trade posts surplus 4th yr in row-India 4yrs Trade deficit Rs 63 Lac Crore*Bangladesh to discontinue Cash Transfer benefits on Export

South Korea RapeMeal buy crash on lower discounts to SoyMeal-April Mth Soy Cif $538 Ton vs RapeMeal $338 Ton-wish RapeMeal Values Half of SoyMeal

KLC Funds post impressive Recovery today after squaring all Gains/Losses of Half May-Spot mth KLC premium nearly fades, Implies Malaysia PalmOil supply crisis ends-Cbot too extends last night $18 rally-Funds tries to position KLC before Cbot as Cbot marks 223pts run in May vs KLC 10 RM drop

Malaysia trade cites China back in PalmOil buy reason for today KLC sharp rally-Palm drops Premium to Soft Oils so Palm can draw demand-China Economy tone tunes better as Local Govt allowed to buy ‘some’ Apartments-China April PalmOil stocks drops to 4mth low so Trade begins stok building