Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil markets are very volatile today. Bean oil and palm both are swinging in red and green with a bullish undertone. Funds are long in oil and most of the technical gurus are also talking about a bullish scenario. New about China buying soybean helped beans to remain firm.  Crude sunflower oil prices are well supported with buyers for nearby and ND at 770 / 772 mark. New crop seeds have started coming in Ukraine with moisture of 11-12% at the moment. It appears that we will ship out first new crop cargo very early in September.  Indians are busy in festivals and the demand is also good . Buyers are looking to cover for OND JFM and mostly at the levels of 820-25 against offers at 840. Tensions in North Korea and world trying to avoid a war is the only factor to weigh in on prices.

 

  • Palm oil Midday Market Close
  • Bmd: 2766 (-1)
  • H2768/L2754
  • Vol: 16,665

 

  • oln:
  • Sep 685
  • Oct 685
  • OND 682.5 vs 680 trd 680
  • JFM 685 vs 681.5/82.5? trd 678.5-680
  • AMJ 685 vs 681.5/82.5? trd 683

 

  • rbdpo: -7.5

 

  • strn: Oct 675 (deld)
  • pfad: Oct 630 (deld)

 

  • Local CPO: Sep 2760

 

  • Indon CPO:
  • Sep 680
  • Oct 680
  • ND 680

 

  • laurics:
  • cpko: Sept 323
  • rbdpko: Sept 1360
  • rbdpkoln: Sept 1200
  • rbdpks: Sept 1760

 

  • 6 ports Europe SFO Sep seller 810, OND 815 v 807.5, JFM 822.5 v 812.5, AMJ 832.5 v 822.5, JAS 842.5
  • Black Sea sunflower oil offered OND 782.50 vs 772.50, JFM 785 vs 772.50 and AMJ 785 vs —
  • Russian sunflower oil offered at USD 770 vs –
  • Spain offered at USD 820 vs 810
  • Italy offered at USD 815 vs –
  • CIF India offered for Oct 840, ND 835 and JFM 840 respectively
  • Turkey offered at USD 810 vs –
  • Currency INR 64.12, Euro 1.1941, RM 4.23, and Russian Rub 57.42

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil markets are holding on to Friday levels. Mostly the currencies of Europe,   emerging markets and Asia is showing good strength and commodities expected to follow soon. Aug is now behind us and so is the weather market. Rains have been good and temperatures cooler for USA and India.  Even Ukraine is already harvesting sunflower seed crop and thus we don’t see any major issue with the supply side. Bullish traders will have to find demand in order to convince the market to make new highs.  Europe is offered at USD 815 shade lower to Friday. Ukraine sunflower oil sellers are hinting to sell cargo is the bid is near 770 mark for OND against current offers of 775. Indians are in festival mood and demand at its peak. We will see a lack lustre September again with exciting October month. Over all prices to remain in healthy range retract a little bit  now and then go higher from current levels by End September.

 

Palm oil Mkt Midday Closing:

DALIAN Jan/May

PO -22 5554 -20 5638

BO -6 6388 -12 6474

SB +39 3958 +34 3995

SBM +17 2748 +15 2682

 

CBOT

Esbo Dec +0.16 35.11

Esbn Nov +4.00 948.50

Esbm Dec +1.70 301.70

CBOT Soyoil Share Dec 36.78%

 

ENERGY

Crude Oct -0.19 47.68

Gasoil Sept +7.00 487.00

Brent Oct +0.17 52.58

POGO Jan +168

 

 

BMD (3rd onth) Nov -6 2744

Hi 2766 Lo 2744

Vol 10,011 lots

 

OLN

Sept PG 677.5 v

OND 672.5 v 667.5/70

JFM 675 v 672.5

AMJ 677.5 v 672.5

JAS 667 v
INDON CPO
Sept 680 v
OND 680 v
ND 680 v
OND 677.5 v 665
LCL MSIA CPO

Sept DLVD 2750

 

LCL MSIA STEARIN

Oct DLVD 667.5

 

LCL MSIA PFAD

Oct DLVD 632.5
OTHER INFO
SPPOMA – 1-25th Aug 17

Overall Summary :

 

Yield: +5.90%

OER : -0.18%

Production: +4.95%

  • 6 ports Europe  sfo opens sept 812.5 ond 815 jfm 825 amj 835 jas 845…rso sept , oct and ndj 750 fmaa 740 mjjy 730 aso 705 ndj 710 .
  • Black Sea sunflower oil Oct 780, ND 775 vs 765, JFM 780 vs –
  • Russian Sunflower oil offered at USD 770 vs –
  • Spain offered for OND 815 vs –
  • Italy offered for OND 810 vs –
  • India CIF lw CSFO offered for Oct 840, ND 835 and JFM 840 tentatively
  • Turkey offered at USD 810 vs—
  • Currency INR 63.89, RM 4.26, Rub 58.41, UAH 25.53 and Euro 1.1938

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil continues to stay firm . FOB prices on Soft oils are well above 780 mark for bean as well as sunflower oil and demand physically is also good promising a better tomorrow. Ukraine is celebrating its birthday today and prices offered for OND are already 785 vis a via buyers at 775 . Indian markets will be celebrating Ganesh Chaturthi festival tomorrow and will remain mostly closed. Demand in Sunflower oil is strong and JNPT traded 63000/- levels with Chennai following decent volumes at 62500 levels. CIF India today is offered at USD 845 for most of the near by positions with buyers trying their luck at 820 levels. Palm has shown good strength but now any rally will need more cash demand else we can have slight downward correction ahead.

 

Palm oil Mkt Midday Closing:

DALIAN Sep/Jan

PO -6 5560 -6 5538

BO -10 6234 -18 6376

SB -14 3809 -18 3919

SBM +1 2757 -8 2726

 

CBOT

Esbo Dec +0.05 35.11

Esbn Nov +3.00 941.00

Esbm Dec +0.90 297.40

CBOT Soyoil Share Dec 37.12%

 

ENERGY

Crude Oct = 48.37

Gasoil Sept +3.00 482.00

Brent Oct +0.01 52.58

POGO Jan +170

 

BMD (3rd onth) Nov +17 2755

Hi 2758 Lo 2730

Vol 14,282  lots

 

OLN

Sept PG 675 v

OND 670 v 667.5

JFM 675 v 670

AMJ 677.5 v 672.5

JAS 665 v 661
INDON CPO
Sept 675 v 662.5 (4.5%)

Oct 675 v
ND 677.5 v
LCL MSIA CPO

Aug DLVD 2740

 

LCL MSIA STEARIN

Sep DLVD 665

 

LCL MSIA PFAD

Sep DLVD 635

  • 6 ports Europe  CSFO seller ond 820 jfm 827.5 amj 837.5 jas 847.5
  • Black Sea sunflower oil OND 785 vs 775, JFM 790 vs —
  • Russian sunflower oil offered OND 770 vs —
  • Spain offered at USD 825 vs –
  • Italy offered at USD 820 vs –
  • CIF India offered CSFO Oct 845, ND 840, JFM 842.50 indicatively
  • Turkey offered at USD 810 vs –
  • Currency INR 64.06, RM 4.2773, Euro 1.791 and Rub 59.12

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

An explosive morning today in Bean oil. Thanks to Biofuel mandate. At the time of writing this email, bean oil is plus 75 points, exciting palm and other soft oils. India too bought decent amount of sunflower oil yesterday and we saw trades happening till next year June. Domestically, crude sunflower oil traded at JNPT/ Chennai – INR 63000.

 

India is beginning festival season from 25th this month which should attract more demand. Port stocks at JNPT (25000MT) and Chennai (60000MT) are relatively low which should keep the prices well supported. Interestingly, other destinations are not rushing to buy sunoil and FOB sellers for OND are aggressively offering at 780 (traded 777).

If the market continues to remain at current levels, we can see other destinations also coming to shop.

 

 

  • Palm oil Market Close
  • Bmd: 2739 (+2)
  • H2752/L2715
  • Vol: 69,601
  • oln:
  • Sep 670 vs 662.5
  • Ond 667.5 vs 662.5 trd 660-663
  • Jfm 672.5 vs 667.5 trd 665-668
  • Amj 675 vs 667.5/?
  • rbdpo: -7.5
  • strn: Sep 660 (deld)
  • pfad: Sep 630 (deld)
  • Local cpo: Aug 2740
  • Indon cpo:
  • Sep 672.5
  • Ond 675
  • laurics:
  • cpko: Sept 318
  • rbdpko: Sept 1340
  • rbdpkoln: Sept 1190
  • rbdpks: Sept 1720
  • 6 ports Europe sfo opening with a seller ond 825 fm 835 amj 845 jas 860
  • Black Sea sunflower oil   oct 785 , nd 780 and jfm 785 offered
  • Russian sunflower oil offered 770
  • Spain offered at USD 820 vs –
  • Italy offered at USD 815 vs –
  • CIF India offered at October 842.50, ND 837.50 and JFM 842.50 CIF .
  • Turkey offered at USD 820 vs –
  • Currency Inr 64.11, Euro 1.1784, rub 59.11,and Rm 4.27

 

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Monday morning as usual a little slow after very good business in sunflower oil on Saturday in India. Total Solar eclipse today in US of A and uncertainty about Mr Trump are not linked at all 😊. Crude may once again try to be at 50 and at the time of writing this email Palm future exchange up 20 points CBOT Oil up 6 points giving Indian domestic markets firmness. There were good rains in USA as well as Soy growing regions of India .  This keeps soybeans towards the lows and assures good crop prospects. Ukraine sunflower oil sellers have firmed up prices more as Sept comes under pressure of short covering and is being offered now at 780 with till sizable quantity in demand. Indians have purchased volumes for Nov dec and Jan on Friday and good local business at JNPT Chennai on Saturday. Today sellers have increased prices in local market and are asking 62500 for sept delivery. CIF India is being offered at 825 for October month and bid 817.50.

 

  • Palm oil Bmd: 2711 (+30)
  • H2720/L2672
  • Vol: 67,990
  • oln:
  • Aug (deld) 660
  • Sep 660
  • Ond 660 vs 655
  • Jfm 663.5 vs 660
  • Amj 665 vs 660
  • rbdpo: -7.5
  • strn: Sep 660 (deld)
  • pfad: Sep 630 (deld)
  • Local cpo: Aug 2700
  • Indon cpo:
  • Sep 665
  • Ond 667.5
  • laurics:
  • cpko: Aug 307
  • rbdpko: Sept 1300
  • rbdpkoln: Sept 1160
  • rbdpks: Sept 1685
  • 6 ports Europe Sfo starting out with seller Aug 810 sept 810 ond 815 jfm 825 amj 835 jas 850
  • Black Sea sunflower oi offered for Sept 780, OND 775 vs 755, JFM 780 vs 755
  • Russian sunflower oil offered at USD 770 vs –
  • Spain offered for OND at 820 vs – 810
  • Italy offered at USD 815 vs –
  • CIF India offered Sep : 827.5 , Oct : 822.5 , ND : 817.5 and JFM 825 vs —
  • Turkey offered at USD 815 vs –
  • Currency INR 64.11, Rub 59.08, RM 4.2850, and Euro 1.1746

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil markets are well supported today and much of the bearish factors already priced in. Palm and Bean oil are coming out of Indian duty increase effect and so is Sunflower oil which has seen some good demand locally and is also seeing god trades in FOB. Nearby shorts for September month are rushing to buy FOB and we saw traded at 765 and 767 for September month though small volumes. OND is still offered at USD 765 and buyers are only at 755 at the moment. Indian markets are seeing some demand in local oils and sellers are finally able to sell some stocks. If the demand continues then we can see business for OND and JFM. We are close on JFM and expect the business to happen in some time.

 

  • Palm oil Market Close
  • Bmd: 2658 (+21)
  • H2665/L2638
  • Vol: 46,411
  • oln:
  • Aug (deld) 650
  • Sep 650 vs 645 trd 647.5-650
  • Oct 647.5 vs 645
  • Ond 647.5 vs 645 trd 641.5-645
  • Jfm 652.5 vs 650 trd 648-652.5
  • Amj 657.5 vs 652.5
  • rbdpo: -7.5
  • strn: Sep 635 (deld)
  • pfad: Sep 615 (deld)
  • Local cpo: Aug 2660
  • Indon cpo:
  • Sep 652.5
  • Ond 655
  • laurics:
  • cpko: Aug 297
  • rbdpko: Sept 1245
  • rbdpkoln: Sept 1120
  • rbdpks: Sept 1630
  • 6 ports Europe Sfo opens seller sept 800 ond 805 v 797.5 jfm 815 v 805 amj 825 v 812.5 jas 835
  • Black Sea sunflower oil  Sept FOB offered 770 vs 765 (traded a few times) OND Sellers 765 vs 755 and JFM sellers 770 vs —
  • Russian sunflower oil offered at USD 760 vs –
  • Spain offered at USD 812.50 vs –
  • Italy offered at USD 800 vs –
  • CIF India offered Sept 827.50, October 822.50 and ND 817.50 indicatively.
  • Turkey offered at USD 810 vs –

Currency INR closed today, Euro 1.1706, Rub 59.40 and RM 4.2940

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Palm is showing its sharpest fall owing to weaker exports ,bearish sentiments as India increased duty on Veg oils excluding Sunflower oil and Rape oil. Bean oil too is under pressure and prices are getting corrected. Much awaited duty on Veg oils in finally announced in India and they left sunflower oil and rape oil untouched. Under a normal circumstance we would have expected phenomenal demand in sunflower oil but with the excess imports speculative shorts and domestic market not excited at all by duty jump, the demand is not so aggressive. The prices will have to first trade in parity with the offer side and current excess stocks liquidated to attract new demand or Sunflower CIF will have to come at USD 800 from current 815 levels to attract customers.  Trade was expecting a 10% hike in duty but then the hike was only 5% from 12.5% to 17.5% on Bean oil which resulted it traders booking profits on futures exchange. Now the markets have come back to normal and we expect once again prices in India to appreciate. Expect demand back in a fortnight.

 

  • Palm oil price Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO -80 5386 -96 5308
  • BO -68 6078 -80 6194
  • SB -3 3786 -5 3891
  • SBM -18 2757 -17 2713
  • CBOT
  • Esbo Dec +0.02 33.06
  • Esbn Nov +0.25 924.50
  • Esbm Dec -0.30 299.10
  • CBOT Soyoil Share Dec 35.59%
  • ENERGY
  • Crude Sept +0.22 47.77
  • Gasoil Sept +3.50 475.00
  • Brent Oct +0.29 51.09
  • POGO Jan +144
  • FX
  • EUR 1.1740
  • CNY 6.6883
  • MYR 4.2983
  • SGD 1.3678
  • INR 64.2700
  • IDR 13372
  • BMD (3rd month) Oct -31 2615
  • Hi 2622 Lo 2608
  • Vol 21,113 lots
  • OLN
  • Sept PG 640 v 637.5
  • OND 638.5 v 636
  • JFM 644.5 v 642.5
  • AMJ 649.5 v 645
  • INDON CPO
  • Sept 645 v 632.5 (4.5%)
  • OND ? v 630 (4.5%)
  • LCL MSIA CPO
  • Aug DLVD 2660
  • LCL MSIA STEARIN
  • Sep DLVD 625
  • LCL MSIA PFAD
  • Sep DLVD 610
  • 6 Ports Europe SFO opens with offers Aug 797.5 sept 800 ond 805 jfm 815 amj 825 jas 835
  • Black Sea sunflower oil  offered OND 765 v 750, JFM 770 vs 755
  • Russian Sunflower oil price offered USD 750 vs —
  • Spain offered at USD 810 vs 80
  • Italy offered at USD 805 vs –
  • CIF India offered Sept 825 and Oct 820 and ND 815 indicatively
  • Turkey offered at USD 800 vs –
  • Currency INR 64.19, Euro 1.1729, RM 4.29, and Rub 59.63