Category Archives: Reports

Argentina SoyOil shipments pace 1-10 May very slow-85275 Ton Vessels sailed-To India 52225 Ton-12 Vessels lineup at Ports to load 2.42 LacTons for India*2 Vessels with 17430 Ton SunOil sailed-India 1 Vessel 12930 Ton

SOYOIL Basis/Fob vs CBOT:ARGENTINA-June-450/-550(Fob Slr 896.17$/Byr 874.12)-17$July-520/-570(880.74/869.71)-18Aug-400/-600(913.15/869.05)+6Sep-400/-600(917.55/873.46)+5BRAZIL-Jun ?/-520(?/880.74)July-350/-600(918.22/863.10)+16Aug-350/-600(924.17/869.05)+17Sep-350/-600(928.58/873.46)+16 ARGN FOB SUNOIL:May Slr 895$/Byr 850+5$Jun 895$/850+0 SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Jun No Slr/+12July+12/+3(Fob Slr 417.22$)-6Aug+14/NB(418.54)-4Sep+15/NB(419.76)-4Brazil Plt(48%):Jun+7/+5(411.71)-4July+5/+3(409.50)-6Aug+5/+3(408.62)-6Sep+5/+3(408.73)-6USA Gulf:JJ+30(437.06)-6

*Argentina:33 SoyOil Vessels departs for India since March/Vessel average load 21000 Ton *US farmers struggles on weather

*India GN kharif crop may bigger to Last Yr/Mkt may cool coming weeks*India MSP Wheat buy below Target/Trade see Import Duty cut after Elections-Rice Export may be allowed

SkyMet says–ElNino condition continues as Pacific Warming lingers-LaNina required for bounty of Monsoon Rains-Scheduled Monsoon onset is coming closer-difficult to calculate 2024 Monsoon

*US Soy sowing 35%/LY 45%/5yr Average 34%*South Brazil Canals Water Level All time high on never ending Rains*Argentina mthly Inflation drops to Single Digit

-KLC wud again run onwards July-India Imports wud surge-SunOil wud add after June-SoyOil too wud add on supply concerns

*Funds SoyMeal positions most bullish since Dec, buys fresh straight 5th week *Cbot Wheat 1st run to mark 9-mth high on Russia weather Worry/then pares gains on Profit buking

*US Data Report reveals:USA Federal Debts is the biggest Long-term downside risk of Markets*Experts say:Either Fed Bank wud apply 2 Rates cut in 2024 or No cut*Petro builds on sign of China Economy growing