*Cbot complex finish session range bound after very positive Session beginning*India Govt opens Farmers Advance Registration to build Pulses Onion buffer stock*Malaysia PalmOil supply crisis seen end/KLC positions confirms
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India Cotton Ginning slows on low local off-take-Australia higher crop Weighs on World Mkts-India prices unlikely to ease on Overseas high demand
*Nopa estimates US April Soy crush 15% below LY-SoyOil stock drops 5.21% vs previous mth*IMD assures Monsoon to hit Kerala on schedule:31 May
Malaysia 1-15 May vs April Exports highlights-
-CPO demand drops 21%-RBD Olin demand Holds-CPO/Olin share in 1-10 May exports 40% vs April 42.33%-sharp drop to year average 50%-EU buy drops 28%-China 35% extra-India+nearly drops 23%-RBD Stearin/Fatty demand cools in May vs April mth
Highlights 1-15 May-
-INR 8 Paise weaker-Cbot adds 126pts-KLC 40 RM over to April-Kandla Olin adds 50Paise-Indore Ref gains Rs 1.50kg-Kakinada SunRef Rs 1kg off-Cot/RB Ref moves in narrow range-KolhuOil king of Oils/adds Rs 7kg-Brent crash $5 Barrel-CPO trades below Soy Sun at Kandla
CBOT JULY:H/L OIL:44.20/43.22,MEAL:381.7/370.8,SEED:1232/1209CBOT CORN-5.0(Jy462)WHT-6.7(Jy665)CANOLA-6.0(JY649.3)PETRO:J78.63$(+0.61)GD:J2394.9(+35)SL:Jy29.729USDX 104.213-0.680DOWJN 39908+349
CBOT CLOSE
CBOT(CL)SOYOIL+0.15(JY43.55)+0.14(A43.85)+0.17(S44.11)MEAL-1.6(JY371.7)-2.1(A369.7)-2.1(S369.1)SEED-1.0(JY1213)-2.0(A1216)-2.7(S1202)NYBOT+0.78(Jy75.41)
JAI HIND!! JAI BHARAT!!
16-5-2024
NOPA U.S. crush, April 2024:166.034 mln bu of soybeans3yr April low, -4.2% YOYWell below avg trade guess of 183.072MSoyoil stocks 1.755 bln lbsDown 5.2% from MarchAnalysts expected 1.882 bln (up from March)Oil yield 5mo high
9:01# KLC CLS-1(Jly3860)-1(Aug3854)CBOT:SOYOIL+0.08+0.09MEAL+1.8+1.3SEED+7.5+6.3 :RKS