China April VegOils stoks drops 15% vs LY 17.53 LT-PalmOil stok Half of LY 7.62 LT as buyers stays away on high prices
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*India Ports/Spot VegOils price Tag stands lowest of mth*Cbot SoyOil Front mth lost 536pts in mth/2 mnth crash 547 pts*Brazil 90% Soy harvest finish
Argentina shippers marks highest Registry for Export–Soy 2.98 LT for 15 May-1 June-Meal 72000 Ton ready shipment/6.45 Lt for 1 May/15 June loading-2.98 LacTon SoyOil spot shipments-Rains Ist, then strike threat damaged potential of high Soybean Exports-April 40 LT Soy crush in doubt
India Weather update:-Pre-Monsoon showers forms Indian Seas in April May-some occurrence upto Mid June-Pre Monsoon showers most happens in May as compared to April-No Pre-Monsoon storm in April over Indian Seas past 5yrs-May mth more familiar with Cyclones for Indian Region
CBOT Dynamics-Cbot SoyOil crash continues 2nd day/post 2nd biggest slide of mth-marks again biggest 1 day volatility $35 Ton-KLC too past day crash equals to Cbot 100pt-Cbot SoyOil crash 264pt in 2 days/breaks 29 mths low-Cbot finish session at mth low-SoyMeal finish session at mth high
CBOT JULY:H/L OIL:44.33/42.68,MEAL:361.4/347.1,SEED:1184/1158CBOT CORN+0.2(My439)WHT-5.2(Jy603)CANOLA-15(JY618)PETRO:J81.93$(-0.70)GD:J2302.9(-54.85)SL:My26.391USDX 106.100+0.652DOWJN 37815-570
CBOT CLOSE
CBOT(CL)SOYOIL-1.40(MY42.29)-1.36(JY43.01)-1.31(A43.32)MEAL-2.0(MY346.3)-2.4(JY351.9)-2.8(A352.3)SEED-15.2(MY1145)-19.0(JY1163)-19.7(A1165)NYBOT-3.09(Jy78.43)
TARIFF EFF 1 MAY:
CPO 944$ V 952$RBD 972 V 962SOYDGM 959 V 950 NEW DUTY@EXCH RATE EFF 19 APR 84.40-CPO RS.4382 PER TON(-37)RBD 11280(+116)SOY 4451(+42)
JAI HIND!! JAI BHARAT!!
1-5-2024
Argentina sources say-The Oilseed Industry workers union announced that the strike Is over.Port terminals Will resume its normal activity