7:35#ECBOT:SOYOIL-0.30,ML-1.9,SD-7.6CHINA:SOYOIL-78,ML-41,SD-47,RBD-62INR 83.26RINGIT 4.7415+0.57%WTI 80.62$-0.45BRENT May 85.28-0.50
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ARG/BRZL SOYOIL/SOYMEAL BASIS/FOB-
SOYOIL Basis/Fob vs CBOT:ARGENTINA-Apr-600/-630(Fob Seller 943.35$/Buyer 936.73)+22$May-700/-790(921.30/901.46)+4JJ-750/-850(922.63/900.58)+1Aug-700/-820(931.88/905.43)BRAZIL-Apr-480/-650(969.80/932.33)+17May-650/-830(932.33/892.64)+7 ARGN FOB SUNOIL:Apr/May Slr 870$/Byr 845(+0$) SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Apr+18/+8(Fob Slr 392.75$)May+10/+5(390.54)Brazil Plt(48%):May+7/+0(387.24)+7$JJ+4/+0(388.12)+4USA Gulf:1-15Apr+30(412.59)+216-30Apr+27(409.28)+4May+20(401.57)+2JJ+20(405.76)+2
*Argentina new Sun crop may limit to 44 LacTon*USDA feel China Soy Imports wud drop on lower Meal demand on lower Hogs Population*Brazil March Soy Exports to exceed Last Yr
*US FedBank outcome takes Gold to new high in India*Safras Marcado see Brzl Soy crop. 100 Lt less to LY 1578 LacTon*China Jan/Feb Soy Import short to LY so Meal Prices surges
*KLC carries All time High OI, demonstrates Bull weight in CPO on shortage *India Trade feel/Ports PalmOil stoks to tighten on low Imports
SPECIAL REPORT: Argntna Soy supplies not short–Feb Soy crush 10% more to Jan mth 21.29 LT so SoyOil Prdn too advances 48000 Ton vs Jan 4.18 LT-Sun Feb crush 31% higher to Jan 2.18 LT-SunOil Prdn elevates 35% to 1.27 LT*Argntna Plants SoyOil stoks tight–Feb Oil stok drops 1 LT despite crush surge 1.25Lt
US FAS say:-Bangladesh Feed demand surging fast as many new Poultry Farms erected-SoyMeal demand may hit new high 26.50 LT-Soy import may surge to 20 LT/Meal Import may hit 10 LacTon-Mustard now crop may elevate to 15 LacTons
Argentina unwanted Rains damaging sowed crops in some areas-Many 000’s Hec area lodged in Water-Rosario Exchange say Corn 570 LT/Soy 500 LT numbers at Risk on untimely Rains-Argntna Capital faces heavy overnight Rains
KLC eased Thursday on SPOMA louding 1-20 March Prdn 22% higher to Feb/rival Oils correction too pull down KLC-PalmOil demand eases on Cash Prices staying over Sun SoyOil-Only Industrial Palm Use demand surge/Food Use Palm demand stable
Rabi Crops arrivals pickup:Mandi Prices tone mix-Mustard in Bharatpur trades 11% below MSP Rs 5650 as cheaper Palm SoyOil limiting Oil demand/season supplies ever high-Gram trades 7% over MSP on fear prdn less to LY-Whear Trades near MSP Rs 2275 Qtl-All crops may ease with arrival pressure