India VegOils Imports continues to elevate, aided by PalmOil demand recovery-May Imports likly 15 LT/2 LacTon extra to April-PalmOil now costs below Soy Sun at Kandla so Imports growing
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Argentina Brazil Many Plants halts Soy crush as Floods threats damage to Plants/Stock-SoyOil jumps only on South America supply concern
Ports PalmOil shortage begins to ease on higher Imports-April Ports CPO stok 30% more to March 2.33 LT-Still Ports/Trade stok enough for India 1 mth consumption
Pre-Monsoon rains to continue across most India Parts, linked to high Winds, HailStorms-LaNina now puts North/Latin America coming crops at Risk-LaNina may strengthen in few weeks
Funds/Experts divided on US FedBank Int Rates cut hope-Consumer Funds says:US wud cut rate to bolster slower Economy, as high Rates slows Money Flow-Economy Experts see higher Rates to stay for Long-Petro too slips on worry demand to continue slow on higher costs for borrowing-USDX firms
South America Supply concerns mounts-Argntna harvest much slower on Rains turning Weather wetter-Argntna Exchange threats to lower Crop size on Yields losses on Water logging in Fields-Argntna Ports strike stops Soy supplies to Ports Plants so Crush halts-Brzil crops too at risk of Weather
Cbot SoyOil adds $40 Ton last day:-bull trend continues with Session begins on talk of higher US Tariffs on Used CookingOils Import-Funds suggest US Local SoyOil usage can elevate in Biodiesel on UCO costly Imports-US SoyMeal Overseas demand too likely to elevate on Brazil Argentina shorter crops
Cbot SoyOil post bumpy ride last day/driven by Rivals Supply concern-SoyOil marks 1 day highest run:recovers past 2 days all losses-USDA Report Neutral, still Soybean run high with SoyOil-SoyMeal eases little after 2 days sharp rally-South America new Soy crop supply concerns in Funds focus
CBOT JULY:H/L OIL:44.76/42.68,MEAL:377.6/365.6,SEED:1222/1204CBOT CORN+13.2(Jy469)WHT+26.0(Jy663)CANOLA+12.3(JY663.6)PETRO:J78.26$(-1.0)GD:J2375(+34.7)SL:My28.506USDX 105.175+0.070DOWJN 39512+125
CBOT CLOSE
CBOT(CL)SOYOIL+1.80(MY43.81)+1.80(JY44.44)+1.75(A44.68)MEAL-1.0(MY367)-1.0(JY371.9)-2.1(A369.4)SEED+12.2(MY1205)+10.5(JY1219)+10.2(A1220)NYBOT-1.29(Jy77.31)