*Malasia PalmOil OER stays at 19.50% as hot weather dries FFB*Spot SunOil buy in BlackSea region slows/many buyers already had build inventory*Malasia April PalmOil Exports talked 85000 Ton drop vs March
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*Brazil Analyst hiked Soy crop size to 1479 LT*Brazil April Soy Exports 14 LT short to LY*Severe Heat grips larger parts of SouthEast Asia
US Soybean crop sowing pace fast-farmers sowed 10% area in 1 week/sowing pace faster than 5yrs average:18% area sowed
*Kolkata RBRef stays at 31 March level Rs 86.50kg*Nafed high buy keeps low arrivals in Mandis so KolhuOil stays close to Rs 100
Athena TradeWind says:-India weather hotter:slowing Palmoil demand so KLC gains may be capped on lower India buy-sense of exit positions on KLC above 3950 RM-Long positions advised only at 3600 RM level-US Fed Bank may hold Int Rates higher so Funds liquidity crunch to continue
Mustard March/April Nafed Hafed MSP buy likly 14 LacTon-season MSP buy may limit to 20 LacTon/much lower than Govt assurance 28 LacTon-March April arrivals may limit to 35 LacTon-April end Farmers Mustard stok likly 90 LacTon-Rajasthan Elections over/Nafed buy in Raj to mark ever-low
*FAO see softer Agri Prices on higher supplies, Moderate El Nino/predict 10% drop in 2yrs*Ukraine 26% targetted Sun Area sowed*Copper Aluminium at Multi-Yrs high/More rally on way
KLC Monday assures Trade run 1H/adds tiny gains in 2H, driven by China Futures-gains capped by Malasia 1-25 April Prdn recovery-Front mth KLC premium to 3rd mth slides to 55 RM on Malasia Prdn recovery signals-KLC marks 276 Ringit drop in April mth
Cbot SoyOil tumbles on Petro over $1 Barrel slide on fresh Israel/Gaza peace talks-losses elevates as session progressed-broke 44cents 2nd time in mth/lowest closing of mth-SoyMeal finish at mth high despite supplies elevated on higher crush-GasOil villian to SoyOil/drops 10% in 20days
Vegoils commentary: CME soyoil down on product-spreading, Asian vegoils firm Crude palm oil (CPO) futures inched up on Monday April 29, aided by strength in related vegoils, though trading was cautious with the market waiting further indications for April’s supply and demand performance while Chicago soyoil prices faced headwinds due to surging soymeal quotations. The …