*Kandla PalmOil stok continues below 30000 Ton past 4 weeks/Soy Stok 35000 Ton*USA Soy sowing progress picked-up in 10 of 18 States
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*Fed Bank Chief Powell signals higher Int Rates to stay for more weeks/Inflation continues to bind Officials Hands*Leading Asian Currencies that threatened to displace World’s Top Trade Currency USD, bleeding in Charts-USDX continues to firm/Asian Currencies extends dropping Value to USDX
Brazil Soy crop supply pressure continues to weighs on Cbot-Funds overluks Argntna crop slow harvest-more firmer USDX hampers USA Exports parity-Cbot SoyOil continues dropping-Cbot today low very near to Jan 2021 finish 44.62 cents-Cbot continues breaking below 45cent low past 4 mths
*Argntna Jan/Feb 2 mth Soy Import Half of LY 8.32 LT*Canada levies Extra Taxes on Super Rich*Brazil set to mark new Export record in April
Argntna Heavy rains makes Hard for Machines to enter Field to harvest Soy with Risk of damage to Soy in Pods-still many Areas that have not finished drying so Clouds/Rains hampers drying process again-sofar 11% of sowed area crop harvested
MayBank Investment says:-Palm Prices wud take more time to begin tapering-Malaysia stocks remain tight as higher Exports continues to curtail stocks-KLC seasonal peak has matured few days ago-Prdn peak only in 3Qtr-Prdn growth only from May mth
Kandla SoyRef now Trades Rs 7.50kg over Sodgm HighSeas Rs 87kg-Olin trades Rs 2kg over CPO HighSeas Rs 93.40-KolhuOil Soy Sun CotRef Olin eases fresh on KLC fresh fall last day
*IMD after a decade in April mth Ist forecast on Monsoon see season rains above Normal*Cbot Soy/Meal losses deepens in Final trade on Firmer USDX
CBOT MAY:H/L OIL:45.44/44.57,MEAL:341.5/335.2,SEED:1163/1143CBOT CORN-0.5(My431)WHT-2.0(My549)CANOLA-7.9(JY623.5)PETRO:M85.36$(-0.05)GD:J2407.8(+24.8)SL:My28.376USDX 106.065+0.068DOWJN 37798+63
CBOT CLOSE
CBOT(CL)SOYOIL-0.56(MY44.91)-0.53(JY45.48)-0.53(A45.69)MEAL-3.2(MY335.3)-2.8(JY336.8)-2.9(A337.3)SEED-13.2(MY1145)-12.0(JY1160)-10.7(A1160)NYBOT-1.64(May81.29)