Sh Atul Chaturvedi says:-Bulls shud keep India heavy Mustard Stoks in Mind-Severe Heat wave to slower India demand in Summer mths-Overseas Prices too close to bottom-Govt concerns for high Prices may continue for longer weeks so Not so easy to say Govt wud allow Price rally post Elections
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India China GN Prices in pressure/Brazil sowed crop face major challenges on heavy floods in Key areas
*Risk for Rupee to break past all-time low*Trade see Gram Prices not to Cool despite DutyFree Import permission as Import cant replace short crop
*Philippines says:LaNina threats Food Crops*Argentina Weather:Isolated Rains today/Dryness likly 2 days later*Turkey continues to Halt Olive Exports in Bulk
Argntna Brzl crops supply at Risk as Both Soy Corn Origins faces Workers Strike threats-Strike Timings at time of peak Shipments set to keep buyers Silos empty/adding supplies burdens in peak harvest mths in Origin-Cbot SoyOil adds $15 Ton as Sime Darby says CPO Tanks near empty
CHINA:SOYOIL+44,ML+23,SD+0,RBD+74
Kandla Mundra Ports weekly VegOils stok thou advances 50% vs LW 78000 Ton but Palm stoks Half of mth ago
*Brazil Top Soy State Soy crop size deteriorating quickly on heavy rains of past*US new Soy crop sowing looks big/Argentina new crop supplies too larger so Brzil Soy Exports post Aug may shrink
Argentina Possible strike alerts SBM buyers-Brzl Meal demand/prices elevated on possible disruption to supplies-Meal/Oil Demand, Fob Values continues to elevate-Soy too run with Meal
*Philippines says:LaNina threats Food Crops*Argentina Weather/Isolated Rains today-Dryness likly 2 days later