*Petro 4 mth high/adds 3% on US stoks drop*Fed Chief say:IntRates unlikly to return to Pre-Covid level*Ringit weakens 0.24% on FedBank pull back from Rate cut urgency
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*Wheat MSP buy slows on rains delaying harvest*KolhuOil stays at Rs 103kg despite high arrivals pressure*Ukraine Sun OilMills may face SunSeed shortage despite drop in Crush
Cbot SoyOil continues run/adds 239pt $53 in week/recovers 9% from 1 March low 44.51cents-Soybean recovers $22/Meal $13 Ton from mth low
Cbot Soybean/Meal halts run as Funds waits more clarity on South America crops-Argntna likly to frame new policy for Export to earn more USD/policy may be similar to Old Dollar Soy scheme-SouthAmerica weather again in focus/early to access impact on crops-US farmers may hike new Soy sowing
Wednesday Highlights:-Kandla SoyDegum close to $1000-CPO/RBD Olin stays over $1000-CPO Kandla still retains Premium over Soy/Sun-Kandla Soy/CPO HighSeas gains Rs 3.50kg in week-SoyRef/Olin too follows HighSeas run-SunRef trades Rs 2.50kg below SoyRef-Olin remains cheapest in All Oils
CBOT MAY:H/L OIL:48.82/47.57,MEAL:339.4/332.5,SEED:1199/1182CBOT CORN-0.5(My441)WHT-3.2(My544)CANOLA-2.7(MY625)PETRO:MY79.30$(+2.05)GD:A2180.8(+14.7)SLR:My25.156USDX 102.765-0.170DOWJN 39043+37
CBOT CLOSE
CBOT(CL)SOYOIL+0.76(M47.99)+0.75(MY48.57)+0.81(JY49.10)MEAL-2.8(M331)-2.8(MY336.4)-2.5(JY340.4)SEED-0.2(M1181)+0.7(MY1196)+1.7(JY1210)NYBOT-0.33(May94.90)
JAI HIND!! JAI BHARAT!!
14-3-2024
UPDATE: 9:01# KLC CLS+17(4212)CBOT:SOYOIL-1.19+0.71MEAL-6.9-5.3SEED-6.0-4.3 :RKS
CHINA:SOYOIL+38, ML-6, SD+15, RBD+96