*International Gas Prices easing on excess Supply so BioDiesel usage wud suffer/pushing VegOils Prices down*Barclay sure:Recession chances emerges again*South Africa in severe drought risk
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FedBank mood on Rate cut highly uncertain-many believes to begin in July-Many talks Rate cut by 2025
India Weather Dept after more than decade louds above Normal Monsoon rains-NorthEast rains talked below Normal so flood Risk less-Himachal Rains extra
SouthAmerica Weather Models warns-LaNina/ElNino weather pattern frequency rising on Climate Change so Crops size to differ each year
Argentina Soybean-
CBOT JULY:H/L OIL:45.75/45.27,MEAL:347.6/344,SEED:1181/1172CBOT CORN-1.0(My440)WHT+1.7(Jy622)CANOLA-2.5(JY634.4)PETRO:J83.85$(+0.28)GD:J2347.2(+4.7)SL:My27.252USDX 105.805+0.355DOWJN 38239+153
CBOT CLOSE
CBOT(CL)SOYOIL+0.11(MY44.93)+0.11(JY45.54)+0.13(A45.79)MEAL-3.9(MY340)-2.9(JY344.7)-2.8(A345.8)SEED-3.2(MY1159)-2.5(JY1177)-2.2(A1180)NYBOT-0.18(Jy80.90)
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27-4-2024
US Miss. River Grain Shipments Fall, Barge Rates Decline: USDA
Barge shipments down the Mississippi river declined to 463k tons in the week ending April 20 from 500k tons the previous week, according to the USDA’s weekly grain transportation report.
Argentina grains exchange weighs cut to soy forecast on hot, dry weather
Dry and hot weather throughout the season in northern Argentina may lead the Buenos Aires grains exchange to reduce its estimate for the country’s 2023/24 soybean crop, currently sitting at 51 million metric tons, the exchange said on Thursday. The South American country is one of the world’s largest exporters of soy oil and soymeal. In …
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