Cbot SoyOil begins day firmer but finish session with $15 Ton losses as USDA confirms 1000 Ton Old deals cancelled-Petro slide/firmer USDX washout session early gains
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As El Nino effect subsides & increase in solar activity – ENSO would move to neutral & busy Hurricane season (volatile commodities)
CBOT JULY:H/L OIL:46.48/45.11,MEAL:382/374.6,SEED:1249/1233CBOT CORN+2.7(Jy464)WHT+5.0(Jy698)CANOLA+6.4(JY672)PETRO:J76.87$(-0.7)GD:J2337.2(-55.7)SL:Jy30.455USDX 105.035+0.200DOWJN 39065-605
CBOT CLOSE
CBOT(CL)SOYOIL-0.69(JY45.19)-0.66(A45.48)-0.62(S45.67)MEAL-1.5(JY376.7)-0.9(A372.9)-0.1(S371.1)SEED-7.0(JY1239)-5.5(A1237)-3.5(S1219)NYBOT+2.34(Jy81.72)
JAI HIND!! JAI BHARAT!!
24-5-2024
9:01# KLC CLS-7(3887)CBOT:SOYOIL-0.35-0.33MEAL-1.9-1.3SEED-5.5-4.0
CHINA CLS:SOYOIL-24,ML+14,SD+2,RBD-4INR 83.26 BRENT 81.95
U.S. DROUGHT REPORT
Argentina soybean production slightly down amid harvest delays
2023/24 Argentina soybean production is slightly (<1%) lowered to 48.5 [47.2–50.1] million tons, as significant late season delays continue to drag the whole harvest season into late May/early June amid very cold conditions. Our current estimate puts planted area at 16.9 million hectares, slightly below 17.3 million hectares reported by both Bolsa de Cereales in …
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