Soy falls as cooking oil imports excluded from China tariffs: Reuters

U.S. announces new tariffs against China Brazil crop agency raises soybean estimate U.S. winter wheat rating stays at four-year high Chicago Board of Trade Soybean futures dipped on Tuesday as analysts said the market was disappointed that U.S. President Joe Biden’s administration did not include used cooking oil on a list of tariff increases on …

Malasia April/June Exports may not grow much on lack of Festivals in World’s biggest user India-CPO wud regain discount to Soy Sun soon*Malasia April CPO stok ratio to mth Prdn 64.15%-Jan ratio 75.32%-Feb ratio 81.49%-March ratio 57.25%*Malasia CPO+Olin share in Mth Exports remains 50%

Malaysia TA Securities say:-Be ready to accept Malasia PalmOil stok surge in 2Qtr/April June-Foreign Workers returns to Jobs after Ramdan:wud speedup harvesting-Malasia Labour Shortage Now No big concern-Most Plantations reports adequate Labour Force for harvesting FFB-Prdn begins recovery

Global Market Scenario

European market After reaching their highest levels since July 2023 for wheat (September expiry), November 2023 for corn (June expiry) and August 2023 for rapeseed (August expiry), prices corrected yesterday. European wheat even completely reversed the sharp rise that had characterised the start of the week. The violence of these movements can be explained by …