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ARGN FOB SUNOIL: Mar/Apr Slr 840$/Byr 820+0 SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Apr+14/+8(Fob Seller 391.76$)+4$May+10/+3(387.35)+8Brazil Plt(48%):Apr+12/+7(389.55)+7May+10/+7(387.35)+8JJ+3/+0(383.05)+9USA Gulf:1-15Apr+35(414.91)+716-30Apr+28(407.19)+8May+20(398.37)+8JJ+20(401.79)+8

*Brazil farmers Soy sales pick-up on rising Premiums over Cbot on high overseas demand*India Kharif Rice prdn drops Ist time in 8yrs

*US President favours to retain Top Tax Rate for Rich*USDA keeps SoyOil mix Volumes in BioDiesel unch even on BioFuels demand rising as Canola overtakes mix rate

SOYOIL Basis/Fob vs CBOT:ARGENTINA-Mar No Slr/-600(NS/Byr 885.59$)Apr-550/-600(896.61/885.59)+0$May-670/-700(870.16/863.54)-21JJ-670/-700(880.74/874.12)-18BRAZIL-Mar-400/-520(929.68/903.22)Apr-420/-540(925.27/898.82)+3May-500/-650(907.63/874.56)+0JJ-550/-650(907.19/885.15)+9

SunOil excess supply burden looks easing with higher season Exports so BlackSea Fob Values $50 Ton hotter in week/highest rally of VegOils complex-ImportedOils Soy/Sun/Olin posts Rs 2.50/3.50 kg run in week in India Mkts

US Senate passed spending Bill/averts immediate Govt Shutdown fear

*Arg CDSBO Basis at Close – MCH NCS vs -600(K) $885.60APL -550 $896.62 vs -600 $885.60MAY NCS vs -700 $863.55MJJ -670 $877.22 vs -700 $870.60AS NCS vs -690 $871.38OND NCS vs -620 $877.66 *Bzl CDSBO Basis at Close – * MCH -400(K) $929.69 vs -520(K) $903.23APL -420 $925.28 vs -540 $898.82MAY -500 $907.64 vs -650 …

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Cbot last night showed highest day Volatility after USDA report tuned Neutral-Cbot hits highest 1 day Volatility of March mth-US Dollar Index eases:makes US Exports competitive-Petro/Brent drops so gains capped-Soybean/Meal/SoyOil marks weekly gains, signaling Funds to keep cover shorts

Cbot complex made drastic turn last night even USDA report tuned surprisingly Neutral-Funds had anticipated US Soy exports estimates to cut on slower Export pace-USDA keeps Stoks/Exports unch so Funds pares SoyOil Initial losses/Meal settles higher, pares all losses/Soybean too pares losses