9:03#KLC+64(3926)ECBOT:SOYOIL+0.26,ML-1.1,SD-1.3CHINA:SOYOIL+134,ML+101,SD+26,RBD+162INR 83.48RM 4.7390WTI 78.68BRNT 83.53
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TEFLA’S GLOBOIL INTERNATIONAL Dubai Seminar begins today/Very large gathering-SouthEast Asia Palm Traders eyes KLC rally, driven by Cbot run on Brzl Soy crop loss-Malasia Prdn initial estimates shows growth break so Funds again active-India PalmOil too wud surge for Summer mths/Indonesia supplies talked short
CNF INDIAOLAMCPOWCMay 955$June 950July 940JAS 935OND 940 OLNMay 920June 910July 905JAS 905 EC -5 CGLCPOWCIJun : 945July : 935Aug : 935Sep : 935JAS : 935 OlnJune : 910July : 905Aug : 905Sep : 905JAS : 905Eci : -5$-SAVERAA
Ukraine Sunflower Special Report-
Ukraine March SunSeed stoks reported 56 LT vs LY 64 LT as higher crush since Sep push down available supplies-April/Sep crush may limit to 50 LT vs LY 60 LacTon so SunOil supplies to drop 20% in April/Sep vs past 6 mth-season end stok likly to drop to lowest, keeping SunOil firmer in Sep Oct
KLC Up on CBOT China supportCHINA:SOYOIL+126,ML+106,SD+20,RBD+150ARGN FOB:SOYOIL:M839$(UP 11$/UP 85 PAISE KG)SFOIL:M860$+0SOYMEAL:J446$
USA SoyOil usage in BioDiesl continues to drop thou BioDiesl/Advanced BioFuels Jan Feb prdn elevates 45% to new high-SoyOil usage stable at 8.38 LT so USA Cash Prices crashed in Jan/March to $1050 Ton-now US SoyOil supplies for Food usage turning surplus on lower usage in Energy sector
China GN Oil needs declines so Oct/March Imports trails 36% vs Last Year-buy dropped 66% from Brazil, lowering GN processing which largely depends on US buy-Argentina shipments too crashed 43% in past 6 mths-Europe buy to elevate in April/Sep so World Exports wud recover sizable coming mths
ARG/BRZL SOYOIL/SOYMEAL BASIS/FOB-
SOYOIL Basis/Fob vs CBOT:ARGENTINA-May-575/-700(Fob Slr 839.73$/Byr 812.17)+11$JJ-610/-700(832.02/812.17)+19Aug-650/-730(828.05/810.41)+5Sep-650/-730(831.13/813.50)+4BRAZIL-May-350/No Byr(889.34/?)+17Jun-530/-690(849.65/814.38)+19July-570/-710(840.83/809.97)+10Aug-550/-700(850.09/817.02)+6Sep-550/-700(853.18/820.11)+15 ARGN FOB SUNOIL:May Slr 860$/Byr 825 +0$Jun 865$/830 +0 SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Jun+17/+11(Fob Slr 446$)Brazil Plt(48%):Jun NS/+5July+6/+4(433.87)Aug+7/+2(432.21)+14$Sep+7/+2(429.46)+11USA Gulf:JJ+25(454.81)+17
KLC PALMOIL OPENS HIGHER BY 90 PAISE KG
8:02#KLC+44(JULY3908)ECBOT:SOYOIL-0.01(43.83),ML-1.1,SD-3.2CHINA:SOYOIL+106,ML+94,SD+11,RBD+128RINGIT 4.7415+0.04%INR 83.48WTI 78.61$BRNT 83.44
*Dowjones still see chance of Rate cut *Ukraine monthly SunOil shipments continues to surpass 6 LT, since Dec-season exports 7 LT more to LY 37 LT