Cbot/KLC/Brent shape Opposite to Last Year-Cbot now 700pt below Last Year-KLC 500 RM hot to LY-Brent now $12 Barrel costly to Last Year
Category Archives: Reports
BJP Govt Economy growth claims reflects only in Share Indexes-Sensex Values now 3 times to May 14 of 24217pts-But Rupee Value drop 28% Rs 23 in BJP Rule
Brent/Cbot tone opposite-Brent 15% hotter to LY-Cbot SoyOil 16% bearish to LY
India INR/Malaysia RM shows extra weakness in week as US Dollar Index continues Firms-USDX begin mth below LY but finally more firm to LY-INR more weaker to Last Year/hot Share Index fails to shape INR stronger
Cbot SoyOil fails to trades Bull/Brent Petro effect:-marks 49.80cent high in week/drops 218pt from high to low-Brent drops $2 from mth high
SouthAmerica higher Soy crops effect:-Cbot SoyMeal continues to exit from high of mth past 5mths-finishing mth below past mth:sign of excess supply
Argentina Brazil Soy crop larger to Last Year, still SoyOil supplies talked very tight-Brzl supplies more tight on higher Local consumption-Argntna quotes firming past 2 mths/nearby shipment hit $808 low in Feb, recovers $116 Ton sofar-forward quotes Flat to spot so no discount for deferred mths
PalmOil shortage effect:-CPO/RBD continues to Trade over Sun SoyOils past 3 mths, wud continue for 4-6 weeks more-CPO Jan/Feb $910 high turns low of March
Logistics keeps SunOil firmer-marks $850 in high past 5 mth-SunOil supplies still abundant, still lone VegOil to add $100 Ton in March