Category Archives: Reports

India Ports/Trade Pipeline stocks continues to drop on low Import so India excess Supplies burden fades-April stok All Positions estimated 11 LacTon less to LastYear 33.74 LacTon-April stok match 2yrs ago*April end Soybean/Mustard Stoks reported 161.44 LT/only 10 LacTon short to Dec 171 LT

Doubt in India season end Soybean stoks below LY 24 LT-April stoks thou 5.65 LacTon less to LY 61.04 LacTons-May/Sep Soy crush unlikly to equal Last Year 40 LacTons-8 LacTon average crush unlikly-USDA predicts India new crop higher to CY so nxt season supplies may exceed 2023-24 season

India May mth VegOils import likly 2 LacTon more to April 13.05 LacTons-but mth supply wud add only Half of extra Import on low Carryover of April Ports/trade Pipeline stoks-total Local+Imported Oils+Trade, Pipeline supplies stays close to 42 LT past 3 mths, 6 LacTon drop to Jan mth 47.93 LT

Argentina Trade books 48000 Ton SoyOil for June shipments-additional 4.80 LacTon Registry for June shipments-23/24 Season Soybean Exports may total 27 LacTons-SoyOil mthly Exports Registry much below past 5yrs average*StoneX fear:Brzl rains/floods to cut Soy crop size 30 LacTons

Argentina update:-1.37 LT Soy shipped till 9th May-9.60 Lt more to be shipped in May-15.30 LacTon Permits issued so Vessels to lineup to Load 5 LacTons more-6.37 Lt Meal shipped till 9th May-additional 24 LT shipments likly by 25th-many Parcels unshipped in April so delayed to May