Author Archives: 919810285269

*India GN kharif crop may bigger to Last Yr/Mkt may cool coming weeks*India MSP Wheat buy below Target/Trade see Import Duty cut after Elections-Rice Export may be allowed

SkyMet says–ElNino condition continues as Pacific Warming lingers-LaNina required for bounty of Monsoon Rains-Scheduled Monsoon onset is coming closer-difficult to calculate 2024 Monsoon

*US Soy sowing 35%/LY 45%/5yr Average 34%*South Brazil Canals Water Level All time high on never ending Rains*Argentina mthly Inflation drops to Single Digit

-KLC wud again run onwards July-India Imports wud surge-SunOil wud add after June-SoyOil too wud add on supply concerns

*Funds SoyMeal positions most bullish since Dec, buys fresh straight 5th week *Cbot Wheat 1st run to mark 9-mth high on Russia weather Worry/then pares gains on Profit buking

*US Data Report reveals:USA Federal Debts is the biggest Long-term downside risk of Markets*Experts say:Either Fed Bank wud apply 2 Rates cut in 2024 or No cut*Petro builds on sign of China Economy growing

-Pests raids Argentina Corn crop-Rains devastate Soybean in South Brazil-Wet Weather too slowed pace of USA Crops planting during most active period-Fund’s net buying/Short coverings of Soy surpassing Old highs from July 2017

*Cbot Soy adds $4 Ton/Meal drops $8/SoyOil $55 Ton hotter*SoyOil Kandla Cif adds $34-HighSeas Rs 2kg-Indore Ref Rs 2.50kg up*CPO fob gains $8 Ton-HighSeas adds Rs 2kg-Olin march Rs 1.50kg*Jaipur Kolhu Rs 4kg hotter-CotRef Rs 1.50kg up