*Indonesia CPO completes $1000 Ton drop from April 2022 peak $1960*US IntRate settler say:No Rate cut hurry
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Kandla Cif Soy/Sun/CPO now in same basket $960/990-CPO Premium to Soy ends-HighSeas CPO still Rs 4kg over Soy Rs 87kg-Kandla RBD Premium to SoyRef to fade soon
Sh Sandip Bajoria say:-PalmOil Cash/Physical prices easing-Kandla Cif Soy/CPO now too close-Palm buy logics begin-buys 2 LT Palm in past 5 days
KLC posts longest 6 day record to drop on signals of rising Malasia Prdn:easing supply concerns-drops 317 RM 7.50% in 6 days thou Mth losses remains 208 RM*CBOT SoyOil extend deep correction–-breaks 2022 Feb mth below 44cent record-marks record of 1 day loss of over 100pts 2nd time in April:after 6 days
All major States of Kharif Crops:No Rains since Feb-Dams Water very low-Monoon 1H rains luks below Normal-Farmers may struggle to begin Field work for crops plantings-India Only 1 of 6 Dams water stok more than 50% of capacity-5 of 6 stok drops below 50%
CBOT MAY:H/L OIL:45.27/43.79,MEAL:340.1/336.2,SEED:1149/1133CBOT CORN-3.50(My426)WHT-0.2(My536)CANOLA-1.5(JY622.3)PETRO:J82.10$(-0.05)GD:J2398(+9.6)SL:My28.38USDX 105.982+0.217DOWJN 37775+22
CBOT CLOSE
CBOT(CL)SOYOIL-0.88(MY44.12)-0.90(JY44.66)-0.86(A44.88)MEAL-0.7(MY338)-2.4(JY337.4)-2.8(A337.8)SEED-15.2(MY1134)-15.2(JY1149)-14.5(A1151)NYBOT-0.72(Jy80.61)
JAI HIND!! JAI BHARAT!!
19-4-2024
UPDATE: 9:01# KLC CLS-5(3979)CBOT:SOYOIL-0.32-0.35MEAL-1.7-3.0SEED-10.8-11.0 :RKS
CHINA:SOYOIL-22, ML+20, SD-9, RBD-10