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*India trusted spices Brand MDH 1/3 shipments to US rejected on Quality manipulation*Trade ask higher Premium to Cbot for May US Soy shipments at Gulf

VegOils Futures today trades higher, recovery technical-Argntna Ports strike in Focus-KLC today adds on firmer RM/No change in USD value

SkyMet believes ideal Sea Conditions wud help India Monsoon to escape of any shortfall on Rains drop

USA BioDiesl Plants shifts to other Feed Stoks so SoyPlants SoyOil stok elevates 60% in March vs Nov mth-Plants margins shrinks on higher/cheaper GasOil supply-Cbot slide push Cash SoyOil prices down so Argntna Exports to North America may plummet on US SoyOil in parity in Local Mkts

No sign yet for a New Peso devaluaion or higher Soy Exchange Rate to move farmers to sell more in Local Mkts-Soy harvest too slow in key Crop area/wet weather refrains farmers to enter Fields to harvest sowed Soybean-Water logging in Fields hurting Soy quality:means Lower Protein -Argntna farmers past 3 weeks Soy selling reported …

Continue reading “Argentina-Soybean Update:”

Russia Jan/March SunOil Prdn marks new high 21.85 LT/5.20 LT growth to LY-March SunSeed crush too hit new record 17.80 LacTon-but despite very higher SunOil/Meal season exports, stoks end March hit new high:10 LacTon SunOil, 6 LT Meal-Russia can continue shipment pace even slower crush now

Yr 2023/April May comparison-India VegOils basket comprises Mustard Soy Palm Sun Cotton RBO–All Oils averaged Rs 86kg in May 2023/Rs 7kg below April-LY SunRef crashed Rs 16kg in May-RBD/Soy/CotRef losses limited to Rs 8-KolhuOil drops Rs 3kg-RBO lost least Rs 1.50kg as supplies shrinks

Russia Argntna Ukraine Sun Jan/March crush 20 LacTon extra to LY-10 LT Extra SunOil floods users Stoks

Europe to levy 60% Duty on Russia RapeMeal Imports-Russia forced to Tap Other User destinations-Russia RapeMeal to compete SouthAmerica SoyMeal-India RapeMeal wud to compete with Russia