USDA say US Soy crop size dropped more than Brzl from pre-sowing estimates-lowers US crop by 130 LT vs Brzl 80 LacTons-so Pre-sowing crop numbers remains far away from Actual Crop
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*USDA shorts US SoyOil season average Prices by 2 cents on low use in BioDiesel*USDA say:SoyMeal likly most competitive Protein on higher supplies
*Argntna GN crop blessed with gud weather in March*Australia ChickPea, Lentils face demand drop
*Mustard arrivals shows farmers brisk selling *Sh Piyush Goel says:Govt wud take all care to prevent price spike in Essentials during May Elections
Palm continues to run faster than All Oils as Trade talks PalmOil supply very tight-kandla RBD adds Rs 5kg in March-SoyRef Indore/Kandla runs Rs 3-4kg-CotRef run pace Half to RBD Olin
Malasia 1-10 March PalmOil Exports adds 6.80% but Food Use Palm demand post 17% decline, signals Palm Premium over SoftOils dents overseas buy
*RBDOlin Import allows gud margins to Traders *Cotton arrivals begins decline after initial surge so Feb Cot WashOil Prdn drops 14% vs Jan mth 1.10 LT
*US FedBank ends ‘Emergency Lending Programme’ to Banks giving Easy Money*Petro ends near steady as Middle East supply concerns ease
KLC Monday hit highest since 24 July after Mpob reports Malasia PalmOil Stoks drops to 7 mth low, Prdn too drops to 10mth low/offseting Exports drop effect
KLC OPEN
8:01#KLC-14(MAY4117)ECBOT:SOYOIL-0.11,ML+1.2,SD+0.4CHINA:SOYOIL+38,ML+12,SD+26,RBD+18ARGN FOB:SOYOIL:A904$+8SFOIL:M860$SOYMEAL:A386$-5