*World:July hottest on record in 2023*US House passes Bill to avert Govt shut down/sends to Senate before deadline
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*Conflicting Views on Indonsia 2024 Palm Prdn*HLIB Investment see KLC 2024 range 3700-4000 RM*FedBank Chief say-Rate cut wud happen in 2024/may be 1%
*USDA may lower Brzl US Soy crops/may adjust US lower Export with higher Crush*India Rice buy for Buffer stock Tops 440 LacTons but 7% less to Last Year
*India buyers tight on Offers of Soy/SunOil for delivery in 2nd Qtr so chase spot shipment Cargo *Malasia RBD AMJ quoted $20 below spot/JAS $65 below spot
*Trade Experts predicts upto 20% correction in Argntna SoyMeal*Kandla CPO very close to $1000 Ton mark/$23 Premium to Soy-Sun $45 below CPO
VegOils Sentiments tight-Argntna/Brzl SoyOil Offers tight-Malasia very tight PalmOil supply-SunOil wud no longer remain cheaper-buyers chase PalmOil supply from Argntna Brzl-Dorab see sharp recovery in Cbot SoyOil-Still Cbot SoyOil last night settles below 45 cents/adds only $6 Ton
KLC salutes Dorab nearby PalmOil tight supply expression-Dorab said:Malasia CPO supply very scarce-India Refiners complains very hard to source CPO abroad-India Refiners say Stearin more Profitable than RBD-Funds welcomes Dorab views/push KLC near 4100 Ringit/95 RM impressive run in day
CBOT MAY:H/L OIL:45.78/44.95,MEAL:331.1/325.4,SEED:1153/1140CBOT CORN+2.4(My428)WHT-20.0(My531)CANOLA+3.6(MY598.9)PETRO:A79.13$(+0.98)GD:A2158.2(+16.3)SLR:My24.493USDX 103.325-0.428DOWJN 38661+75
CBOT CLOSE
CBOT(CL)SOYOIL+0.27(M44.78)+0.28(MY45.32)+0.26(JY45.73)MEAL+3.7(M334.9)+0.5(MY330.4)+0.3(JY333.4)SEED-0.4(M1140)-0.6(MY1148)-0.2(JY1158)NYBOT+1.04(May95.28)
JAI HIND!! JAI BHARAT!!
7-3-2024