Author Archives: 919810285269

*US Inflation data dents Petro/Wall Street/Dollar Index*China consumers tighten grip on Purse as Economy still fragile*China Corn buy may elevate on low Prices

Indonesia 2024 Yr PalmOil Prdn to elevate further 5% to 576 LT-Hope based on ElNino muted impact on Plantations Last Year

SoyOil supply short in Brzl/Argntna supplies yet to zoom so USDA may report very higher weekly Sales-Brzl Soybean Premiums fading on over 600 Lt add in supply Chain

*US BioDiesel demand slowing so US Plants SoyOil stok believed to elevate 9% vs Jan vs 15% drop vs LY*China Soy/PalmOil spread narrows as Palm prices moves in tight range

World PalmOil Exports to drop in 2024-any Prdn growth in Origins wud be absorbed in Food/BioFuels/OleoChemicals-Producing Countries domestic usage elevating so surplus for Export falling-Oct/Sep Exports may drop 25 Lt to approx 500 LT-Indonesia home PalmOil demand may grow 10 Lt to 207 LT

India Wheat Stocks shrinking fast-Jan FCI stok reported 132.66 LT, 22 LT below Last year-Wheat stoks minimize in March, feared to drop to 85 Lt, same as Last year-Jan 24 stok lowest ever-Wheat MSP buy to begin 1 March so March Stoks wud elevate-Rice Stoks 50 LacTon more to LY 170 LacTon

Trade Highlights:BlackSea SunOil/Kandla Cif spread doubles vs 31 Jan $90-kandla Cif Ready/March No seller, so Kandla Ref soars fresh Rs 1.50kg-RBD adds fresh 50Paise on SoyRef rally-CPO HighSeas adds fresh Rs 1kg-Kandla Olin in loss/Rs 2.50kg over CPO HighSeas-CotRef Rs 10kg hot in Feb