Rainfall last week and over the weekend favored central and northern areas with the heaviest amounts in Entre Rios and west central Buenos Aires. Rainfall this week is expected to favor south central and southeastern areas with heaviest amounts in northern Buenos Aires. Above normal temperatures are expected across northern Argentina. Soybeans in Argentina are …
Continue reading “2023/24 Argentina Soybeans Rated 29% Gd/Ex, Down 1%”
Brazil’s soybean harvest for the 2023/24 cycle had reached 55% of the planted area as of last Thursday, agribusiness consultancy AgRural said. The pace of harvesting slowed down, growing 7 percentage points from the previous week, as the harvest is now more concentrated in areas that were planted late. The figure was also above the …
Continue reading “Brazil soybean harvest hits 55%, says AgRural”
KUALA LUMPUR (March 12): Plantation analysts expect a further decline in palm oil inventory in the coming months — after hitting a seven-month low in February — which will support the high average selling price of crude palm oil (CPO) in the face of tight supply, driven by reduced buying activities post-Chinese New Year and …
Continue reading “Lower palm oil inventory in coming months to support high CPO prices-Analysts”
PETALING JAYA: The weak palm oil harvest for February is neutral for the market given it was seasonally a low production season. However, Hong Leong Investment Bank (HLIB) Research believes the stockpile will resume its uptrend from March as production will likely pick up although exports may remain weak on the back of weak price …
The new estimate for Brazil’s soybean production is down 5% from the 154.6 million mt record crop harvested in 2022/23 and a 4.5% decline from the initial 162 million mt forecast. However, it remains the second-biggest crop in history. The decline reflects low rainfall and above-average temperatures all over producing regions, “but in late sowing areas, …
Continue reading “Brazil soybean output slashed to 146.9 million mt: Conab”
CHINA:SOYOIL-6,ML-12,SD+28,RBD+24
*इण्डोनेसिया के ज्यादातर एरिया में भारी बारीष से फ्लड का खतरा बढा है। *कनाडा देश मे क्रश बढ़ाने के लिए कैनोला एक्सपोर्ट कम कर रहा है। अगस्त से जनवरी का एक्सपोर्ट पिछले साल के 41.01 लाख टन से 28 फीसदी कम है।
*अमेरिकी प्रेजिडेंट बिडेन ने एविएशन बायो फ़ेलनके लिए ज्यादा फंड्स अलॉट किये है।*रूस में इस सीजन सन आयल का रिकॉर्ड एक्सपोर्ट होने के अनुमान है। सीजन का उत्पादन 73 लाख टन, एक्सपोर्ट 43 से 45 लाख टन होने के आसार है।
*अमेरिका में उत्पादन बढ़ने के अनुमान से पेट्रो थोड़ा नरम हुआ है।*सेंट्रल अमेरिका में गर्मी के मौसम का तापमान बढ़ने के संकेत है।*अमेरिका में कोर इन्फ्लेशन डेटा उम्मीद से ज्यादा आया है तो डॉलर इंडेक्स थोड़ा मजबूत हुआ है।