The inspection of food silos hit by floods in southern Brazil can only commence after waters recede, representatives of Brazil’s leading silo manufacturer Kepler Weber told Reuters on Thursday. The deadly floods that began in late April hit silos and warehouses at the end of the soy, corn and rice harvesting season, meaning potentially full …
Continue reading “Persistent Brazil rains, floods delay inspection of affected food silos“
The Buenos Aires Grain Exchange releases weekly report-
The following shows US export sales of soybeans, corn and wheat by biggest net buyers for week ending May 16, according to data on the USDA’s website.
Cbot SoyOil hotter in May even covers only 47% of April mth 566pts crash-Cbot Futures May volatility lowest since Jan as Investors agrees demand slowing
Energy Funds now focus demand erosion on Fed Int Rates to stay high for longer days-Brent post 1st mth/mth drop since Dec/lost $5.75 Barrel
PalmOil proves/Supplies matters-showed courage to trade over Soy SunOil past 135 days since Dec-Palm supplies growing so turns Cheapest
-US Brazil Argentine World Top shippers/Fob Values 10% hot in May-Soybean Run pace 50% of SoyMeal
-Funds only Hope:US Summer Weather-PalmOil run ends with rising supplies-Ukraine Russia SunSeed sowing speedy so supply shortage to remain very few days-India Monsoon declared on time so bulls may silent on higher supplies
-last week discounts deep below to 30April-Brazil nearby SoyOil very tight so Trade over Cbot-Brazil supplies signaled tight much before harvest so spread to Cbot continues to narrow since Jan-Jan mth discount 1000pt/Now 50pt over
Overseas SunOil supplies talked shrinking on past mths high speed of Shipments-BlackSea cargo adds $40 Ton in May vs SoyOil $100 Ton run-SunOil in high past 3 mths moving in $870/890 Ton range so buyers donot trust forward mths supplies short debate-No Doubt/SunOil added $135 Ton in 3 mths