Author Archives: 919810285269

Cbot SoyOil recovers $6 Ton after crashing $58 Ton 6% past 2 days-SoyOil recovery sustain in doubt as Petro extends drop on likly Israil Hamaz war to cease-Petro drop approx 3.50% on US stoks build:sign of demand softening-USDX too eases on FedBank keeping Int rates stable

Adani Wilmar:-Jan/March Net Profit ratio to Sales reported 1.17% vs LY 0.60%-Profits ratio doubles despite Sales drops Rs 843 Crores in FY 1 Qtr vs LY

Argntna Local Soy prices continues to drop:driven by higher Soy crop talked since sowing begins-April prices $192 below Nov $580

US BioDiesl Agency say-Feb mth daily prdn pace 2.30% faster than Jan-Ethanol Plants slows prdn on higher stocks-Feb Soyoil usage in BioDiesel drops 4.50% vs Jan

Argentina Soy crop harvest very slower-still 1 May Processors/Trade stocks most likly to elevate faster vs 1 March of previous yrs-Last Year 1 May stoks reported 85 LacTon more than 1 March 37.84 LacTons-Last Year May to Oct Plants/Traders stoks stayed over 100 LacTons

*IMD warns:East India more hotter in week*Indonesia begins 40% BioDiesel blend tests on Heavy Equipment/tests to last till Dec

Punjab 132 Lactons Wheat MSP target unlikly to fill as arrivals dropping-Farmers believes Trade wud give higher Prices post MSP buy so holding crop

India PalmOil demand shaping:-April PalmOil Imports share Half of 13 LT Import-Kandla Mondra April PalmOil Import 150% of March1.05 LT-SoftOils Import 225% of March 1.47 LacTon so Soy Sun Kandla Mondra Imports double of PalmOil Import-Kandla Mundra April All Oils Imports 85% more to March

US Federal Bank shocks Bulls/keeps Int Rates unch-Fed Chief Powell says/it is unlikly that next Policy rate move wud be higher-Int Rates most likly to stay higher for Longer periods than Expect-sofar Jobs, Inflation data donot gives Policy makers greater Confidence to scale down Int Rates