*Conab estimate Brazil 2024 season Sun crop 89400 Ton*US Soybean shipments dropping each week-past 5week Exports 35 LacTon/new Export sales 15.62 LacTon
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Brazil April Soybean Exports set to surpass LY 143.36 LT-ships 69 LT in 2weeks-SoyMeal Export too wud mark new record of LY 15.69 LacTon
Water crisis before Monsoon-India major dams Water stok 83% of LY-North India dams 68% empty-West Zone:64% Empty-Central:59% Dams empty
Brazil Jan/Feb average SoyOil usage in BioDiesel 4.24 LacTons vs 2023 Year average 4.32 LacTon-2023 Year BioDiesel prdn 75.41 LT-SoyOil usage 52.15 LT
*Safras scales-up Brzl Soy crop to 1512 LT*Gold settles life time high on Geo Political tense*China FY Cotton Imports likly 23 LT/Corn 200 LacTon
*US Share Index DowJones slumps on Inflation jitters*SouthBrazl offsets NorthWest Soy crop losses*China March Soy Import 55.40 LT/20% less to LY
Australia record Feb mth Canola Exports 7.68 LacTon-mth Export cross 7 LT 6times in past 6yrs-Feb Exports 80% more to Jan mth-Pak big hunger of Canola on Soy Import halt-buy 2.10 Lt in Dec:Feb-UAE buys 1.42 LacTon-Pak Tops in Asia for Australia Canola buy-Bangla Jan/Feb buy 57500 Ton
History: USDA report effect never stays next day-Cbot Soy/SoyMeal rebounds sharp with Petro new rally on MiddleEast fresh tense-USDX surges fresh, lowering US Exports parity-Meal finish session at month high-Soybean/Meal post 1 day highest run of mth-US higher Soy supplies pressures SoyOil
CBOT MAY:H/L OIL:46.67/45.59,MEAL:345.1/334.8,SEED:1179/1154CBOT CORN+6.7(My435)WHT+4.2(My556)CANOLA+10.4(MY634.7)PETRO:M85.66$(+0.64)GD:J2374.1(+1.4)SL:My28.330USDX 105.832+0.767DOWJN 37983-475
CBOT CLOSE
CBOT(CL)SOYOIL-0.13(MY45.89)-0.12(JY46.45)-0.13(A46.64)MEAL+8.8(MY344.4)+6.3(JY344.1)+5.8(A344.1)SEED+14.7(MY1174)+14.2(JY1186)+13.0(A1184)NYBOT-0.75(May82.62)