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The corn prices continue to go down and are a three year low. A huge corn crop is expected in Argentina and lower exports are also reason for low prices On the CME on 23  Feb 2024 the corn prices were as under Mar $157.31/MT, May $162.74/MT and Jul $167.78/MT. Corresponding the FOB prices were …

Continue reading “USGC Grain Report for week ending 23 Feb 2024”

KLC retains run but gains capped on slowing demand-Cbot too extend gains as Analysts drops crop size-Malasia Ringit weakens 26yr low so Import cost rose

No weather threat to Mustard crop yet-many Feel Crop can inch to 140 LacTon+10 LacTon Old crop-record supplies weighs Mustard Complex

Brazil higher BioDiesel mandates few days later shows impact on SoyOil Export Values-Brzl asking Premium over Argntna SoyOil-Premium still thin, may fade later on Crop pressure

Wilmar Core Net Profits year 2023 drops 35.3%-Say:Tough Operating conditions may continue to persist into Finanacial Year 2024

2024 year begins positive for CPO/RBD Olin Exports-Jan mth combined Exports of Indonesia Malasia Thailand reported 16.45 Lacton/much higher to Jan 2022, 2023 Exports-RBD Olin Jan Exports 2.07 LacTon higher to LY 8.32 LT-Crude PalmOil Jan Exports similar to Last Year 6.22 LacTons

Food Use PalmOil:CPO, RBD Olin demand drops in 2023-Malasia Indonesia Thailand Export records confirms-2023 Yr Top 3 Origins CPO+Olin Exports 175.42 LT, 19 Lt below year 2022-CPO Exports stable at 80 LT in 2022/2023-RBD Olin Export drops 18 Lt to 95.56 LacTon-All losses faced by Indonsia