Author Archives: 919810285269

*Ample supplies force Europe SunOil to drop 3yrs low/BioDiesel demand keeps RapeOil firmer*US Health Officers advise Older Citizens to go for another Vaccine dose

*Guj Summer Sesamum Seed crop revised up but demand Cools so prices softening *Govt estimates Rabi Mustard/Gram Crops size very close 121 LacTons

USDA reports US weekly SoyMeal sales bumper 4.56 LT-Soybean Export demand ending/weekly fresh sales reported 1.59 Lt vs season begining record 38.53 LacTons-SoyOil sales remains poor

SoyRef retains Rank of Costliest Rs 95kg in India EdibleOils basket-Kandla CPO Cif stays Costliest VegOil at Ports-SunOil/Olin Cif comes close-HighSeas CPO trades Rs 1kg below SoyDegum-Kandla RBD Olin stays cheapest of All VegOils

*Kharif Total Prdn 1541 LacTon–Soy 125.62 Lt-Cotton 323.11 LacBale-Rice 1114 LacTon-Maize 227.20 LT*Rabi24 Crops-Wheat 1120.19 Lt-Mustard 126.96 LT-Gram 121.61 LT-Tuar 33.39 LacTon*Analysis:Kharif Rice/Rabi Wheat Crops equal 1115 LacTon

Cbot Soy complex last trade Cools:No major change in Futures Values-SoyOil Cools as Funds now wait fresh Clues to move Mkts either way-Buenos Aires Exchange see most of South America Crops belts to welcome Fresh moderate to abundant rains so Argntna crops outluk to brighten further

Indonesia PalmOil:-50% of Year Total Exports shipped to India Pak China Bangladesh*2023 Year Exports 274.99 LacTon-Export:India 54.04 LT-China 48.16 Lt-Pakistan 25.03 LT-Bangladesh 13.62 LT-India buy growing each year-Pak range bound 22/28 LacTon-Bangladesh stable at 13 LacTons

Indonesia:More focus on enhancing BioDiesel Prdn, Local Food use demand too growing so surplus for Export slides-Crude+Processed PalmOil Export status–2023 Yr:274.99 LT-2022 Yr:262.20 LT-2021 Yr:269.90 LT-2020 Yr:273.26 Lt-2019 Yr:295.47 LT-so 2023 Year Exports 20 LT below 2019 Year

Arg CDSBO Basis at Close MCH NCS vs -700(K) $842.39APL -600 $864.43 vs -750 $831.36APL (1H) Pgy -900 798.29 vs NCBMAY -650 $853.41 vs -800 $820.34MJJ -700 $848.41 vs -850 $815.34AS NCS vs -800 $824.86OND NCS vs -700 $839.23 Bzl CDSBO Basis at Close – MCH -500(K) $886.48 vs -700(K) $842.39APL -600 $864.43 vs -750 …

Continue reading “SOYOIL PREMIUM/FOB-“