*Energy Expert says:Petro Brent next move likly dip below $80 rather than to cross $80 *USDA still sure Brazil crop not so bad
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Cbot Funds last night books profits in past 2 days rally as Brazil crop losses talked not big in Volume-SoyOil drops $16 Ton-Soybean/Meal too lost in sympathy-Funds smell SoyOil Old deals cancellation as US local prices easing on lower demand in BioDiesel
*Brazil halts rescue process in Floods areas as Winds/Rains disrupts Teams Operations*Argentina Exchange says:Farmers Soy sales very slow than Past 5yrs
Sh Nagraj Meda says in Dubai:-KLC wud Ist run to 4100 RM, then wud drop to 3700/3600 RM so signals KLC rally harmful for building Positions
Palm Futures breaks 2 day run on rival Oils weaker tone+drop in Overseas demand-Funds see Brazil Floods impact not so severe as Bulls predict-Malaysia Export drop may keep KLC checked-Pranav Bajoria/Sunvin say-Palm being quoted at discount to alternative Oils on account of seasonal Prdn growth
CBOT JULY:H/L OIL:44.78/43.64,MEAL:387.6/377.6,SEED:1248/1225CBOT CORN-8.5(Jy458.5)WHT-8.7(Jy634)CANOLA-10.4(JY656.7)PETRO:J78.99$(+0.61)GD:J2322.3(-1.9)SL:My27.601USDX 105.425+0.125DOWJN 39056+172
CBOT CLOSE
CBOT(CL)SOYOIL-0.70(MY43.15)-0.71(JY43.79)-0.69(A44.06)MEAL-2.6(MY374.8)-4.7(JY378.5)-5.5(A375.7)SEED-19.5(MY1212)-18.7(JY1227)-18.0(A1227)NYBOT+2.56(Jy80.06)
JAI HIND!! JAI BHARAT!!
9-5-2024
UPDATE: 9:01# KLC CLS+15(3884)CBOT:SOYOIL+0.18+0.11MEAL-1.4-2.2SEED-7.8-6.5 :RKS
CHINA:SOYOIL-64,ML-7,SD-36,RBD-76