Malaysia PalmOil Fob Prices @ Midday Close / 4 MAR 2024

Midday Market Close Bmd : May 3958 (-8) H 3964 / L 3941 Vol :  12,644 Oln Mar 892.5 vs Apr 890 vs Amj 872.5 vs  Jas 832.5 vs Ond 822.5 vs Jfm 830 vs Rbdpo: -5 Strn: Apr 890 (deld) Pfad: Mar 760 (deld) Local Cpo: Mar 4070 Laurics Cpko: Mar 270 (pk) / …

PalmOil supply talked short so Trades over SoyOil past 45days-SoyOil trades $100 Ton over CPO mid Dec/now Trades $60 Ton below-Olin Trades $180 Ton below SoyOil mid Nov/now $30 Ton costly to SoyOil*SoyOil Premium to SunOil peaked $200 Ton in Oct/now spread Half $100 Ton

Brzl marks Big drop in SoyOil discounts to Cbot thou Soy crop size talked 100 LacTon below Last Year-discount quoted 1500pts ($330 Ton) in Oct/before Brzl crop sowing-discounts dropped to 600pts even on Crop numbers drop-Argntna discounts too narrowed $200 Ton since Oct mth

KolhuOil remains in pressure of Super Rabi 2024 Crop-Soy/Cot/RBD adds Rs 6-9kg in Feb-KolhuOil/RBO:No rally in Feb mth-KolhuOil/RBO may drop further coming mths-KolhuOil trades Rs 20kg in 2023 over RBD/now spread Rs 15kg-KolhuOil Premium to SoyRef stays 10kg past 14mths

CotRef beats SoyOil run in Feb-Shortage works in CotRef-run Rs 9kg in Feb/best mthly run of 14mth-CotRef Premium to RBD peaked Rs 46kg in Oct 22/Feb maximim Premium to RBD Rs 6*History:-CotRef Premium to SoyRef/Year average:-2021 Yr/Rs 3-2022 Yr/Rs 6kg-2023 Yr/Nil-2024 Yr/RS 3kg below