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Cbot SoyOil 1st month settles 42.29 cent on 30April-lowest closing since 31 Dec 2022 of 43.33 cent-More losses on way

Singapore Sources disagree with TV Reporter quoting China Funds liquidation reason for April KLC crash-Says:KLC correction was due on Malaysia Prdn recovery-demand slow on high Prices-KLC can drop to 3100 RM if Prdn continues elevate but 3100 not likly nearby-Doubts:KLC to break 3800 in May

Federal Reserve Chair Jerome Powell on Wednesday discussed for the first time possible “paths” for interest rates this year. The upshot is that while any move at the next meeting is off the table, there is still a chance of a rate cut in July, economists said. The June ‘dot plot’ will likely show the …

Continue reading “Fed Powell keeps the door open for a July rate cut”

With the pick up in pace of wheat procurement, the deficit has narrowed down to 8 per cent as of April 30 from 25 per cent a week ago. However, the likely lower than expected procurement in key states like Madhya Pradesh, Rajasthan and Uttar Pradesh may make it tough for the Centre to meet …

Continue reading “Wheat procurement exceeds 55% of target, touches 205 lakh tonnes”

Agriculture experts also caution the negative impacts of heavy rainfall on crops as they say flood has been seen to bring more damage than a drought While everyone is glued to hear about likely heatwaves this month, which may not be as worrisome, India Meteorological Department hopes that there may be bountiful of monsoon rains …

Continue reading “Emergence of La Nina likely to bring bountiful of rains in August”

Total U.S. biofuels operable production capacity fell slightly in February, according to data released by the U.S. Energy Information Administration on April 30. Feedstock consumption was up when compared to both the previous month and February 2023. Total biofuels production capacity was at 23.721 billion gallons per year in February, down 39 MMgy when compared …

Continue reading “US biofuel capacity down slightly in Feb, feedstock consumption up”

*Sh Sandip Bajoria see VegOils Mkts sideways $30 Ton in May-PalmOil Prdn elevating so Mkts corrects in April-India Palm Soy buy wud expand/SunOil Off season on door*Sh BV Mehta say:India needs 90 LT PalmOil in year-Palm if costly, Imports wud drop 10% but India needs Palm at any Price

KLC drops 383 RM in April after adding 474 RM in Jan/March-May mth sounds bearish for VegOils on supplies recovery-Funds fear May losses wud Wash-Out Jan/March all run-30April KLC closing just 132 RM addition to 1 Jan Open 3682 RM-April mth Opening to Close Volatility 421 RM highest of Yr