Ukraine Trade Sources presume:-Russia new season SunSeed Prdn can drop 8/10 LT to 165 LacTon-Soy Prdn to drop marginally vs CY 68 LT
Author Archives: 919810285269
*Italy farmers confirms Olive Prdn Rebound*Poland may allow Ukraine Imports after June on completing harvest*US new Soy sowing 3 mth away but Core belt Midwest much dry
*China Soy Trade clarifies:Many Soy Plants Meal stoks drops but No indicative of demand revive*Argntna Olive yield drops sharps on LY Dryness effect*Deal between Israel/Hamas shaping fast
*KLC rallied Tuesday as Physical buy zooms on nearby tight supply *Indonesia Dec PalmOil Local usage 30 LT exceed Export by 5.50 LacTon
*Malasia Forex Expert say:Ringit to firm to 4.20 Year end once FedBank begins Rate cut *Australia Weather Dept says: LaNina has developed more often than ElNino since 1997-98
VegOils takes leads:marks mth high-SoyOil/Kandla Cif, HS/Ref at mth high-SunRef mth high-Palm Fob/India mth high
Market Dynamics:-Cbot SoyOil Spot staying below 45cent-Soybean/Meal marks fresh multi-mths low-Soybean/Meal Funds more in panic-Cbot/KLC rebounds last night on strong Cash Mkts
Trade sources say:-India Refiners making money so Sun SoyOil bulk deals heard-Sun follows Palm Soy so Refiners buy Interest elevates
Athena TradeWind feel:-Funds can buk Profit on KLC crossing 3950 Ringit-if cross 4250 RM, gud to make shorts
Gapki reports:-2023 Year Indonesia CPO Prdn advanced 33 LT vs LY 467.30 LT-2023 Planted area expands 5.40 LH-El Nino:No major impact so Prdn rose-Local PalmOil usage adds 19 LacTon to 231 LT-PalmOil usage in BioDiesel reported 16 LT higher vs LY 90.48 LT-BioDiesel usage exceeds Food Use