Indonesia new Elected President wish to replace All Petroleum Imports with Biodiesel higher Prdn-Placed Indonesia Food/Energy Security on Top of his priority List-wants to stop All $20 Billion Diesel Annual Import, replacing Biodiesel-President wishes wud end Indonesia CPO Exports
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Argentina:Soy deliveries to UpRiver Port continues to elevate in week-nearly 4000 Trucks reports UpRiver Port Soy Plants
Argentina follows last day Cbot SoyOil run-nearby Mth quotes coincides Cbot/deferred mths run slow as US supplies wud compete in harvest mths-Brazil supplies shorts so runs parallel to Cbot-Argentina Brazil Quotes equals as both need to market SoyOil in higher supply mths
*Cbot SoyOil adds another $22 on Nopa reporting US Plants SoyOil Stock drops 6% vs March*Cbot Soybean making higher High’s/Higher Low’s as Funds divided on US Slowing pace/abundant South America supplies
7:25#ECBOT:SOYOIL+0.06,ML+2.9,SD+8.0CHINA:SOYOIL+64,ML+14,SD+13,RBD+52INR 83.49RINGIT 4.6840+0.02%WTI 79.39$+0.16BRENT 83.58+0.31