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*Reserve Bank allows Rupee Account Opening out of India/very surprise move*IOPEC 16 June meet in Kolkata to discuss Sesame/GN crops assessment

*China Industries Prdn slides Ist time in April mth*Petro slips as FedBank signals NO rush to cut Int Rates near term*Australia welcomes Crops saving Rains

Argentina many Soy Plants slows Crushing on Gas shortage/many Plants halts Crush-many Gas Stations closed on supply shortage-Low Temperature push Gas demand but supply short

Russia Wheat Crop at Risk on dry weather-India to soon allow Imports-Wheat may mark rally on Russia India Factors

KLC hot on May Volume Exports growth/retains above 4000 RM-Export growth sidelines Indonesia Rs 4kg CPO ExportDuty cut-Export growth wud limit May Stocks surge on rising Prdn

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European market Prices are continuing their correction, closing the gaps opened earlier in the month. The key element remains the weather and the evolution of the models, as this week is relatively sparse in reports. The mercury in Russia is expected to be above seasonal normals over the next few days and could speed up …

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