Author Archives: 919810285269

SOYOIL Basis/Fob vs CBOT:ARGENTINA-Jun ?/-180(Fob Slr ?/Byr 968.26$)July-220/-250(959.44/952.83)+8$Aug-350/-500(936.51/903.45)+18Sep-350/-500(938.50/905.43)+17Oct-400/-500(927.48/905.43)-5BRAZIL-Jun+0/-200(1007.94/963.85)July-150/-325(974.87/936.29)Aug-400/-520(925.49/899.04)-4Sep-400/-520(927.48/901.02)-5Oct-380/-530(931.88/898.82)-12 ARGN FOB SUNOIL:July Slr 950$/Byr 900 +0$Aug 950/900+0 SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Jun+30/+20(Fob Slr 433.87$)-6$July+15/+10(417.33)-8Aug+20/+10(417.33)+0Sep Oct NS/NBBrazil Plt(48%):July+14/+11(416.23)-6Aug+13/+11(409.61)-5Sep+16/+11(411.71)-5Oct+18/+12(414.02)-4ND+18/+12(418.32)-3USA Gulf:Aug+35(433.87)-6Sep+35(432.65)-5Oct+30(427.25)-4ND+30(431.55)-3

*Gold to consolidate till next Week*US 1Qtr Economy Growth/Inflation scaled down*Opec+ discuss keeping Voluntary Petro Prdn cuts until year end

India Heat Wave severe/big Labor shortage-Punjab Cotton farmers may Opt Moong/Basmati

India VegOils begins to ease from mth high as KLC fresh run in June at Risk-Trade over stocked too on Prices 1way surge since mid May

Cbot SoyOil wipes out 75% of Opening losses on fear US un-sowed crop sowing wud delay on Rains forecast-Soy/Meal continues losses 3rd day on Funds Profit Taking-Kandla July Cif Soy 30$ below June $1040-Highseas Forward offers Rs 2kg discount-KLC 1% drop force plants to ease RBD Rs 1.50kg

*India may allow DutyFree Wheat Imports with certain Conditions*India 140 of 150 Dams Water Stok drop 50% of Capacity/implies Dams more than Half empty*India FY 24 Corn Exports drops to 4yr low 14.42 LT

Canada may have much lower Surplus Canola for Exports as many upcoming Plants wud need supplies so Canola Oil/Meal supplies to boom-Canola Exports may limit to 50 LacTons/making hard for UAE to cover for Local Crush

China SoyMeal Exports brisk as shrinking Numbers of Pigs, Weak demand for Pork force Plants to ship their surplus-Local sales drop another sign of China Shuttering Economy hurting Domestic usage-China Soybean Import pace higher but Consumers has little Money to spend so Meal trades 3yrs low

*India Summer Heat Wave multi-Yrs high so Power demand peaks 280 GW*Equities Mkts in Correction mode/ahead of Election Result-Nifty Sensex post deep losses 3rd day in Row as small Investors Not sure of BJP swipe