Midday Market CloseBmd : Jul 3922 (+60)H 3935 / L 3860Vol : 42,848 OlnJun 862.5 vs 857.5Jas 860 vs 857.5Ond 865 vs 860Jfm 875 vs 870 Rbdpo: -5 Strn: Jun 892.5 (deld)Pfad: Jun 802.5 (deld) Local Cpo: May 3970 Laurics: May 292 (pk) / 294 (pg)Rbdpko: May 1170Rbdpkoln: May 1105Rbdpks : May 1290 Sbo :May …
Continue reading “Malaysia PalmOil Fob Prices @ Midday Close / 7 MAY 2024”
INR 83.47EUR 1.0768POUND 1.2557JPY 154.50CHF 0.9072AUD 0.6627CNY 7.2177Gold 2324.0Silver 27.348BRENT CRUDE 83.60DOLLEX 105.17263M USD SOFR 5.32126M USD SOFR 5.282481Y USD SOFR 5.13716
TEFLA’S GLOBOIL INTERNATIONAL Dubai Seminar begins today/Very large gathering-SouthEast Asia Palm Traders eyes KLC rally, driven by Cbot run on Brzl Soy crop loss-Malasia Prdn initial estimates shows growth break so Funds again active-India PalmOil too wud surge for Summer mths/Indonesia supplies talked short
CNF INDIAOLAMCPOWCMay 955$June 950July 940JAS 935OND 940 OLNMay 920June 910July 905JAS 905 EC -5 CGLCPOWCIJun : 945July : 935Aug : 935Sep : 935JAS : 935 OlnJune : 910July : 905Aug : 905Sep : 905JAS : 905Eci : -5$-SAVERAA
Ukraine March SunSeed stoks reported 56 LT vs LY 64 LT as higher crush since Sep push down available supplies-April/Sep crush may limit to 50 LT vs LY 60 LacTon so SunOil supplies to drop 20% in April/Sep vs past 6 mth-season end stok likly to drop to lowest, keeping SunOil firmer in Sep Oct
KLC Up on CBOT China supportCHINA:SOYOIL+126,ML+106,SD+20,RBD+150ARGN FOB:SOYOIL:M839$(UP 11$/UP 85 PAISE KG)SFOIL:M860$+0SOYMEAL:J446$
USA SoyOil usage in BioDiesl continues to drop thou BioDiesl/Advanced BioFuels Jan Feb prdn elevates 45% to new high-SoyOil usage stable at 8.38 LT so USA Cash Prices crashed in Jan/March to $1050 Ton-now US SoyOil supplies for Food usage turning surplus on lower usage in Energy sector
China GN Oil needs declines so Oct/March Imports trails 36% vs Last Year-buy dropped 66% from Brazil, lowering GN processing which largely depends on US buy-Argentina shipments too crashed 43% in past 6 mths-Europe buy to elevate in April/Sep so World Exports wud recover sizable coming mths
SOYOIL Basis/Fob vs CBOT:ARGENTINA-May-575/-700(Fob Slr 839.73$/Byr 812.17)+11$JJ-610/-700(832.02/812.17)+19Aug-650/-730(828.05/810.41)+5Sep-650/-730(831.13/813.50)+4BRAZIL-May-350/No Byr(889.34/?)+17Jun-530/-690(849.65/814.38)+19July-570/-710(840.83/809.97)+10Aug-550/-700(850.09/817.02)+6Sep-550/-700(853.18/820.11)+15 ARGN FOB SUNOIL:May Slr 860$/Byr 825 +0$Jun 865$/830 +0 SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Jun+17/+11(Fob Slr 446$)Brazil Plt(48%):Jun NS/+5July+6/+4(433.87)Aug+7/+2(432.21)+14$Sep+7/+2(429.46)+11USA Gulf:JJ+25(454.81)+17
*Dowjones still see chance of Rate cut *Ukraine monthly SunOil shipments continues to surpass 6 LT, since Dec-season exports 7 LT more to LY 37 LT