Category Archives: Reports

*Brazil closed last day so No major lead for Cbot *Brazil Flood destroyed 20 LacTon Soy crop-another 30 LacTon crop remain unharvested on excess Wetness in Fields

*Canada 71% of Canola sowed/Good Crop rating 87%*Russia new Wheat crop may drop below 800 LT*US Ethanol Prdn rising so DDGS supplies too soars/Cbot Meal $25 Ton drop in week good reason for Cbot drop

US new Soy crop may less than USDA estimate, refleting less than Favorable weather in Central Soy belt-Soy sowing trails LY but sowing pace showed No major drop to LY/5yr average

Russia’s exports could be down 8 mmt from what USDA’s forecasts and India is looking to import wheat, which is an anomaly. This looks to flip the global supply/demand balance sheets. Historically, wheat prices only go crazy when Russia has a drought.

CIF JUNE Shipment 1045$ (Vessels arriving 15-31 JULY) XRs.83.67(incl Prem) +Duty Rs.4848@5.5% +Port Exp 1500 =Landed Cost SUNOIL Crd Rs.937 +Refining Rs.50 =SunRef Cost Rs.987 (vs Kandla spot quote 950 for Vessels already arrived)

CIF JUNE Shipment 1073$ (Vessels arriving 15-31 JULY) XRs.83.67(incl Prem) +Port Exp Rs.900 Ton =Landed Cost Rs 906 vs (SoyDgm Kandla H/S quoted 885 Rdy/Fwd 875) +Duty Rs.4337 Ton@5.5% +Refining 30 =SoyRef Landed Cost Rs.980 (vs Kandla quote 955 Vessels already arrived)

The IMD forecast widespread rainfall over the next seven days, with heavy rain expected in Arunachal Pradesh, Assam, Meghalaya, and other northeastern States People enjoy rain at Fort Kochi beach on May 29, 2024. The southwest monsoon, responsible for 70% of India’s annual rainfall, arrived on the mainland a day earlier than the India Meteorological …

Continue reading “Monsoon arrives over Kerala, Northeast; IMD forecasts heavy rains over next 5 days”

C&F JUNE Shipment 940$ (For Vessels arriving 15-30 JUNE) XRs.83.43(incl Prem) +Duty Rs.10693Ton@13.75% +Port Exp Rs.1200 Ton =Landed Cost Rs.903 10kg (vs Kandla spot quoted 905 For Vessels already arrived)