*Argntna Weather luks dry:will allow some wet areas to dry*Ukraine/Southwest Russia too dry, bad for new Crops sowing*US farmers/trade Storage 1 March Soy stoks likly 9% more to LY
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*Malasia 1-25 March Food use Palm demand surges 10% vs Feb 5.57 LacTon *USDA Brzl Staff lowers Soy crop to 1526 LT/24 LacTon drop to USDA March report-new Soy crop wud revive higher
*Cbot Funds continues trim Corn Soy Shorts as mkts may change on US drier weather*Malasia Capital Mkt lost 28% in Year on RM weakening*Iran currency drops to record low
Cbot complex last night hotter on US Exports surging/SoyOil too attracts record weekly Export buking-Petro adds/USDX drops so Funds push Cbot to finish high
*US Iowa State very drier*US farmers likly to add 31 LAcres in Soybean-China Farmers wud cut Soy area/see Corn margins higher
*BA Exchange see Argntna crop 525 LT*Brazil harvests Soy crop in 69% area/+1000+ LT Soy adds in Supply*Russia lowers SunMeal Export Duty
*USDX slips ahead Fed Bank Head Speech *FedBank looks to begin IntRate cuts as Biden Election Campaign more aggressive-US Citizens blames Biden for Economy Poor health
Brazil Soybean Export premiums rise on low supply at Ports-Argntna Soy crop quality talked lower-Brzl Local SoyOil/Meal prices dropped in week
Indonesia PalmOil Exporters holds 55.80 LacTon unused Export Quotas/equal of 75 days shipment-Shippers fear lower Export may dent Domestic supply-KLC/Cbot may carry run on past day rally
Petro too adds strength to VegOils-Brent gains on Putin Ordering Petro Co’s to comply Opec quotas-Red Sea crisis finish 100days/Foreign Trade disturbed