*India VegOils Oct/April Imports shorts 13 LacTon to LY so India supplies still talked tighter*KLC late to follow SoyOil Fututes, Cash Prices rally/adds 104 Ringit past 2 day
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Cbot Dynamics:-No hot run in 1-9 May/drops 37pts to 30 April-very Hot in past 10days/adds 412 Pts
India Markets Trend-
-PalmOil least to add in May/Kandla Haldia adds 50Paise KG-SoyRef Kandla Indore adds Rs 3/4kg-Kakainada SunRef/Rajkot CotRef trades at 30 April quotes-Kandla SoyDegum $35 Ton off to April high $1035-RBD/CPO $110 off to March April high $1040 Ton-SunOil $15 Off to April peak
Argentina Sunflower Special-
Argentina Jan Dec SunOil Exports 6.29 LT-2024 Year Exports may hit 10 LT-Jan Feb March May shipments exceeds 5yr average/April trails-Exports peaks March/Aug-2.50 LT Registry needed in June/Aug to match past Historical-60000 Ton Export Registry in 1-20May-Farmers sold 30% less to LY
*Ukraine SunSeed marks 2yrs high as Crushers chase supplies on lower balance of Farmers stock*Brazil lower Soy crop effect:May 3 weeks shipments reported 82 Lt vs Last Year Full May 155.80 LT
Cbot SoyOil makes best of Run in May/driven by South America crop woes, US slower sowing-even Funds forgets US higher season end Soybean Stocks-adds 410pts in May mth-Cbot complex 8-10% hot in May
Cbot funds enjoys hot journey last night-
-Wheat Tops in Grains on Russia weather-SoyOil best on Soy complex, $23 run lead by Products gains/Palm futures paves way to SoyOil-US Soy sowing trails 9% vs LY 61%, means sowing may take time than usual for Final assessment of new season crop size
UKRAINE DAILY CASH PRICES: Monday May 20, 2024
WheatBuyer feed wheat $177-185 per tonne DAP Pivdennyi-Odesa-Chornomorsk (POC), spot.Buyer wheat 11.5% $188-195 per tonne DAP POC, May.Buyer feed wheat $211 per tonne FOB Izmail, Reni, spot.Seller wheat 11.5% $247 per tonne CIF Greece, June. CornBuyer corn $177-183 per tonne DAP POC, spot.Seller corn $227-230 per tonne CIF Italy, May-June. SunoilBuyer sunoil $830-835 per tonne …
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CBOT Soybeans rise on worries over Brazil flooding; Soyoil, Meal jump
Chicago Board of Trade Soybean futures closed higher on Monday as flooding in top exporter Brazil continued to fuel worries about crop losses, analysts said. Concerns about poor crop weather in the Black Sea region and delays to U.S. plantings also supported agricultural futures. Frosts across Ukraine’s northern and eastern regions could reduce this year’s …
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Vegoils commentary: Asian vegoils firm, further supporting CME soyoil
Crude palm oil (CPO) futures in Malaysia edged upward on Monday May 20, tracking strength in the wider vegoil complex. The most active three-month CPO futures contract for August delivery inched up by 0.7% to 3,918 ringgit ($835) per tonne, opening the session higher as it tracked a firmer Friday close in rival soybean oil …
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