*Brazil farmers Soy sales pick-up on rising Premiums over Cbot on high overseas demand*India Kharif Rice prdn drops Ist time in 8yrs
Category Archives: Reports
*US President favours to retain Top Tax Rate for Rich*USDA keeps SoyOil mix Volumes in BioDiesel unch even on BioFuels demand rising as Canola overtakes mix rate
SOYOIL Basis/Fob vs CBOT:ARGENTINA-Mar No Slr/-600(NS/Byr 885.59$)Apr-550/-600(896.61/885.59)+0$May-670/-700(870.16/863.54)-21JJ-670/-700(880.74/874.12)-18BRAZIL-Mar-400/-520(929.68/903.22)Apr-420/-540(925.27/898.82)+3May-500/-650(907.63/874.56)+0JJ-550/-650(907.19/885.15)+9
SunOil excess supply burden looks easing with higher season Exports so BlackSea Fob Values $50 Ton hotter in week/highest rally of VegOils complex-ImportedOils Soy/Sun/Olin posts Rs 2.50/3.50 kg run in week in India Mkts
US Senate passed spending Bill/averts immediate Govt Shutdown fear
SOYOIL PREMIUM-
*Arg CDSBO Basis at Close – MCH NCS vs -600(K) $885.60APL -550 $896.62 vs -600 $885.60MAY NCS vs -700 $863.55MJJ -670 $877.22 vs -700 $870.60AS NCS vs -690 $871.38OND NCS vs -620 $877.66 *Bzl CDSBO Basis at Close – * MCH -400(K) $929.69 vs -520(K) $903.23APL -420 $925.28 vs -540 $898.82MAY -500 $907.64 vs -650 …
Cbot last night showed highest day Volatility after USDA report tuned Neutral-Cbot hits highest 1 day Volatility of March mth-US Dollar Index eases:makes US Exports competitive-Petro/Brent drops so gains capped-Soybean/Meal/SoyOil marks weekly gains, signaling Funds to keep cover shorts
Cbot complex made drastic turn last night even USDA report tuned surprisingly Neutral-Funds had anticipated US Soy exports estimates to cut on slower Export pace-USDA keeps Stoks/Exports unch so Funds pares SoyOil Initial losses/Meal settles higher, pares all losses/Soybean too pares losses
JAI HIND!! JAI BHARAT!!
9-3-2024
USDA kept USA Soybean crush/exports unch-Soyoil in Biodiesel/Local usage unch vs Feb-kept Soymeal end stock unch at 400 th short tons