*NY Gold drops on USDX fresh firming*S&P 500 gains but ends week in Red as June FedBank Int Rate cut hope fading*USA adds more Jobs than Expect in March
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Ukraine March SunSeed crush reported 7/8% higher than Feb-BlackSea farmers intends to hike SunSeed area 4-5%
Big risk in SoyOil fresh rally thou trade feel Cbot can take fresh lead-Brzl SoyOil March Average Export values drops $130 Ton vs Feb $1037 Ton-Brzl Argntna Soy crush to elevate now so Oil supplies wud be higher than previous mths-Brzl Soybean Export values too crash $72 Ton since Jan $509
CBOT MAY:H/L OIL:49.15/48.01,MEAL:335.6/329.6,SEED:1190/1173CBOT CORN-1.0(My434)WHT+11.0(My567)CANOLA+9.5(MY643.1)PETRO:J86.10$(+0.29)GD:J2345.4(+36.9)SL:My27.503USDX 104.070+0.180DOWJN 38904+307
CBOT CLOSE
CBOT(CL)SOYOIL+0.74(MY48.89)+0.72(JY49.39)+0.71(A49.46)MEAL-0.4(MY333.1)-0.8(JY336.2)-1.3(A336.6)SEED+5.0(MY1185)+4.5(JY1196)+3.5(A1194)NYBOT-0.89(May86.25)
Bangladesh/big Import of Soy, Products*Soybean:-USA Jan/Feb 1.20 LT-Brzl 2.90 LT*SoyMeal:-USA Jan/Feb 8500 Ton-Brzl Jan/March 1.07 LT-Argn Jan/March 19546*SoyOil :-Brzl Jan/March 15450-Argn Jan/March 1.06 LT
USA key Soy Corn belt Iowa Illinois severe dry/high dryness carries into growing season-23% of Corn/19% of Soy area highly dried
Brazil SoyOil shortage effect:-SolPlants buying back Export sold SoyOil positions to sell in Local mkts as BioDiesel Plants paying more than Export deals
US big Importer of CanolaOil for BioDiesel-Jan/Feb Import record 5.09 LT-average Cif cost $1387-so CanolaOil $300 cheaper to US SoyOil
US SoyOil supply short for domestic use so PalmOil Import growing-US PalmOil Import growing at fast pace to supplement SoyOil shortage-Jan/Feb Import 3.81 LT-Average Cif Value $924-Local SoyOil costs $850 more to Palm