Author Archives: 919810285269

*India Wheat stoks 80.2 LT/lowest since 2016 *US Int Rates stays 23yr high

Iran helping hand for India Soy Plants-buys 1.69 LT Meal in Yr 2023-Jan buy 65358 Ton-Iran 2023 Yr total Import 20.09 LT-buys equal 8 LT from Brzl Argntna-Ukraine too ships 2.30 LT in yr 2023

Past History: Barring 2023 year/March Malaysia CPO Prdn always exceeds FebPrdn History:-Oct 20/March 21/82.07-Oct 21/March 22/86.13-Oct 22/March 23/90.35 LacTon-Oct 23/Feb 24/79.37 LT-Oct 23/March 24 CPO Prdn set to beat LY record 90.35 LT-barring 2023 Yr, April Prdn too exceeds March

India Oct/Feb SoyMeal status:-Prdn 41.43 LacTon-Feed use 29 LT/70%-Export 9.25 LT/22.32%

*Athena TradeWind say:Kandla SoyOil can hit $1100 *South America Trade say-Flooding in some areas damaged late sowed Soy crop/More rains likly in NE Argntna

*Sea Freights soars to 18mth high on strong demand*Vietnam in grip of extreme Heat Wave*EU Parliament/Council agrees to extend Duty Free Imports from Ukraine with Quota Limits

*Petro drops 2% ahead of Fed Bank Report/USDX eased on Fed Bank report*Dengue outbreaks in Argentina/on track to break records

Cbot Funds say:-Brazil speedy Soy harvest capped Cbot rally-USDA to release US Stocks/Planting report weekend/which have history of jolting markets

SOYOIL Basis/Fob vs CBOT:ARGENTINA-Apr-720/-790(Fob Seller 921.52$/Buyer 906.09)+17$May-740/-860(917.11/890.66)+19JJ-770/-910(921.96/891.10)+18BRAZIL-Apr-580/-700(952.39/925.93)+23May-700/-830(925.93/897.27)+23JJ-700/-900(937.40/893.30)+19 ARGN FOB SUNOIL:Apr/May Slr 870$/Byr 845(+0$) SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Apr No Slr/+13May NS/+9Brazil Plt(48%):Apr NS/-10May+3/-1(380.84)+8$JJ+3/+0(384.81)+6USA Gulf:1-15Apr+30(410.61)+916-30Apr+25(405.10)+10May+20(399.58)+9JJ+20(403.55)+9

India Mkts eases after hefty run past 30 days-Forward quotes offers discount to Overpriced spot so Trade escape from fresh buy-SoyRef Indore drops Rs 3kg in week/Kandla lost more Rs 5kg-RBD Olin too eases Rs 2.50kg-KolhuOil ease Rs 2.50kg on mounting arrivals-CotRef follows Rival Oils tone