*Kandla Olin continues to Trade below SoyRef thou HighSeas CPO still trades Rs 5kg over Soydegum*INR past 3 days settling over 83.50 level
Category Archives: Reports
USDA reports:-USA Soy area most favorable in sowing season-dried area lowest of 8 weeks 11%-Corn area too least dried of sowing season
Market Dynamics:-VegOils Futures post sharp crash just 24 hrs before Mpob USDA Reports/Funds smell Reports bearish, assuming supply surge-Cbot swings 225pts from previous high to past night low-KLC 136 RM swing from High to Low-Cbot Old crop Futures finish below 43cent/finished mth lowest
*PepsiCo begins trials of Sun/RBD blend replacing RBD for Snacks*Weather Preview:LaNina chance to form 49% in June Aug/69% chances in July Sep
*Vietnam Soymeal usage to surge to 58 LT/wud hike Soy Imports*India projects biggest Power shortage of 14yrs in June on severe drop in Dams Water
Sathia Varqa/Singapore say:-KLC 3.50% 136 Ringit slide from High to Low in 24hrs reflects April Malaysia Prdn growth-KLC past 2 days finish below day Open-Past days/finish session below Mid day:sign of Bulls loosing grip-now only 12 RM higher to 30 April finish 3818 RM/wud buk losses in May
*Rural demand woes:Contraction of Real Wages in most of 27mths till Feb:a big worry for India Growth story*Opec may extend cuts in June
*Equity Inflows in MF’s fall 16% mth/mth*Sensex/Nifty see big drop last day:blow to Bull Investors*DowJones gains 7th day in row/raise hopes of Fed Rate cut
Special Report: Dubai GLOBOIL keynotes:
*VegOils highly Volatile past 18mth on Weather/Geo-Politics*Indonesia PalmOil Export surplus shrinking on higher use in Food/Energy *Sh Pradip Chaudhry say:-VegOils now at 5yr low/No big addition likly in 2024 Yr supplies-No reason for Prices to drift lower now *Sandip Bhan briefs:-Palmoil to trade now on own Fundamentals-Malasia CPO supply very short-CPO shortage to keep KLC …
Vegoils commentary: Asian vegoils fall, CME soyoil plummets to three-year low Malaysian crude palm oil (CPO) futures tumbled on Thursday May 9 due to dives across the vegetable oil complex and lukewarm demand. The most-active CPO futures contract for July delivery on the Bursa Malaysia exchange fell by 1% to 3,830 ringgit ($808) per tonne …