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

CBOT Rallied with the surprise NOPA report. Bean oil closed 74 points and basis helped bean oil FOB offers to go up to 799 for Jan Feb. May is still offered at USD 772 giving competition to sunflower oil. Weather have started getting colder in Ukraine and Russia. Traders are not worried about Ukraine crop but are watching Russian developments closely. France reported higher sunflower oil crop numbers and thus the SND would tend to remain balanced. Sunflower oil will remain at a premium for forward months and the premium will only increase if the bean oil prices come down. Palm oil recovered from morning and is now in positive zone. Ukraine traded yesterday good volumes of sunflower oil JFM 760-65 levels and AMJ at 772 levels. CIF India buyers are looking to buy AMJ and JAS one more round but at the levels below 815 and 825 respectively.

 

  • Palm oil Midday Market Close
  • Bmd: 2747 (+15)
  • H2758/L2737
  • Vol: 19,863
  • oln:
  • Nov 680
  • Dec 680 vs 672.5
  • Jfm 685 vs 681
  • Amj 685 vs 683 trd 685-682.5
  • Jas 667 vs 662.5
  • Ond 662.5
  • rbdpo: -5
  • strn: Dec 702.5 (deld)
  • pfad: Dec 635 (deld)
  • Local cpo: Nov 2710
  • Indon cpo:
  • Nov 685
  • Dec 685
  • Jan 692.5
  • Fm 695
  • laurics:
  • cpko: Nov 343
  • rbdpko: Nov/Dec 1505
  • rbdpkoln: Nov/Dec 1315
  • rbdpks: Nov/Dec 1775
  • Rm 4.177
  • Crude Oil : Dec 55.36
  • Ace : -12 -12 -12
  • Dce: Jan 5496 (-10) May 5618 (+2)
  • SPPOMA 1-5th Nov est:
  • FFB: -1%
  • OER: +0.03%
  • Prodn: -0.84%
  • SPPOMA 1-10th Nov:
  • FFB +6.3%
  • OER -0.30%
  • Production : +4.46%
  • Sppoma 1-15/11
  • FFB +6.35%
  • OER -0.09%
  • Prodn +5.87%
  • 6 ports Europe Sfo jfm 800 v 790 amj 820 v 812.5 jas 835 v 822.5 ond 830 v 817.5
  • Black Sea sunflower oil FOb Ukraine offered JFM 770 vs 760, AMJ 780 vs 770.
  • Russian sunflower oil offered USD 760 vs —
  • Spain offered at USD 815 vs –
  • Italy offered at USD 810 vs –
  • CIF India Sbo : Nov : 120 , JF : +80  Sun :Dec : 810 , Jan : 815 , feb : 820
  • Turkey offered at USD 790 vs –
  • Currency INR 65.23, Rub 59.88, Euro 1.1770 and RM4.17

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

Indian markets are keeping everyone confused and guessing. The rumour about duty increase is everywhere and buyers are not willing to do anything till they actually see the impact of possible duty increase. Black Sea sunflower oil is offered JFM 770 and AMJ 777 against that buyers are sniffing 770 level. Domestically trade has come to an abrupt halt with no bulk business happening.

– Palm oil Midday Market Close
– Bmd: 2791 (+8)
– H2808/L2789
– Vol: 14,250

– oln:
– Nov 690
– Dec 687.5 vs 682.5
– Jfm 692.5 vs 690 trd 94-92.5
– Amj 695 vs 692.5 trd 694-695
– Jas 675 vs 670
– Ond 665

– rbdpo: -5

– strn: Dec 705 (deld)
– pfad: Dec 635 (deld)

– Local cpo: Nov 2800

– Indon cpo:
– Nov 692.5
– Dec 695
– Jfm 707.5

– laurics:
– cpko: Nov 343
– rbdpko: Nov/Dec 1480
– rbdpkoln: Nov/Dec 1295
– rbdpks: Nov/Dec 1760

– Rm 4.225
– Crude Oil : Dec 57.39
– Ace : +1 +2 +1
– Dce: Jan 5656 (+30) May 5746 (+34)
– 6 ports Europe Sfo starting out Dec 800 jfm 807.5 v 795 amj 822.5 v 805 jas 832.5 Ond 832.5….
– Black Sea sunflower oil JFM 770 vs 760 , AMJ 777 vs — and JAS 785 vs —
– Russian sunflower oil offered at USD 760 v –
– Spain offered at USD 800 vs—
– Italy offered at USD 795 vs –
– CIF India offered ND 810, Dec 812, JFM 820 and AMJ 827.50
– Turkey offered at USD 790 vs –
– Currency INR 65.01, Euro 1.1570, Rub 58.73 and RM 4.223

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

Indian markets is a buzz with the rumours about possible duty increase on sunflower oil and Soybean oil and this is why no trade is being reported. Local sellers have not opened any price and are waiting for the big announcement. Ukraine sunflower oil is holding to yesterday’s levels and we do hear small trades happening around offered prices. Indians yesterday booked good volumes of sunflower oil for nearby shipment and we hear trades ranging 809-815 levels. Today offer prices are slightly higher with 820 indications.

 

  • Palm oil Market Close
  • Bmd: 2837 (+22)
  • H2838/L2802
  • Vol: 49,122

 

  • oln:
  • Nov 697.5 vs 692.5
  • Dec 697.5 vs 690
  • Jfm 702.5 vs 698 trd 700-697.5
  • Amj 702.5 vs 698 trd 700-697.5
  • Jas 682.5 vs 675
  • Ond 672.5

 

  • rbdpo: -5

 

  • strn: Nov 710 (deld)
  • pfad: Nov 640 (deld)

 

  • Local cpo: Nov 2830

 

  • Indon cpo:
  • Nov 697.5
  • Dec 697.5
  • JFM 705

 

  • laurics:
  • cpko: Nov 353
  • rbdpko: Nov/Dec 1520
  • rbdpkoln: Nov/Dec 1330
  • rbdpks: Nov/Dec 1800

 

  • Rm 4.23
  • Crude Oil : Dec 55.01
  • Ace : +17 +15 +15
  • Dce: Jan 5654 (-72) May 5750 (-34)

 

  • 6 ports Europe SFO seller JFM 810 AMJ 825 JAS 835 OND 835
  • Black Sea sunflower oil ND 765 vs — , JFM 770 vs 762.5, AMJ 775 vs –
  • Russian sunflower oil offered at USD 760 vs –
  • Spain offered for Dec 805 and Jan 810 vs –
  • Italy offered at USD 800 vs –
  • CIF India LW ND 817, JFM 820 vs –, AMJ 825 indicatively
  • Turkey offered at USD 800 vs –
  • Currency 64.61, Rub 58.19, Euro 1.16 , and RM 4.23

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

Veg oil complex has rallied owing to strength in Bean oil complex. Indians are excited with the sunflower oil price and looking a huge discount to Bean oil they are hoping to import more CSFO. Demand from soya dominated ports like Kandla is on the rise and we have seen quite some enquiries. This will give some support to Ukraine as most of the nearby volumes are already committed and this fresh demand will help support sun oil prices.  Ukraine sellers have increased prices slightly today and are asking for 770 for nearby cargo. 6 ports Europe still remains under pressure but then it will also have to follow FOB and soon the link will be established. Prices on sunflower oil are very attractive right now and we recommend buyers to price their unpriced volumes or buy if not already covered.

 

Palm oil Mkt Midday Closing:

DALIAN Jan/May

PO +74 5770 +76 5816

BO +52 6180 +62 6336

SB +2 3629 +3 3724

SBM +1 2810 -1 2744

 

MCX CPO
Oct +2.40 546.30

Nov +4.80 547.30

 

CBOT

Esbo Dec +0.21 35.05

Esbn Nov +5.00 980.25

Esbm Dec +1.20 313.30

CBOT Soyoil Share Dec 36.11%

 

ENERGY

Crude Dec +0.03 53.93

Gasoil Nov +0.50 549.25

Brent Dec -0.03 60.41

POGO Mar +133

 

 

BMD (3rd month) Jan +28 2845

Hi 2855 Lo 2840

Vol 14,825 lots

 

MSIAN OLN

Dec 699 v 692.5

JFM 702.5 v 700
MA 705 v 702.5

AMJ 702 v 700
JAS 680 v 675

OND 670 v

 

INDON CPO

Nov 700 v

Dec 700 v 690/92.5 (4.5%)
JFM 705 v 690/92.5 (4.5%)

 

LCL MSIA CPO

Nov DLVD 2830

 

LCL MSIA STEARIN

Nov DLVD 710

 

LCL MSIA PFAD

Nov DLVD 645

  • 6 ports Europe SFO opens Nov 800, Dec 805, JFM 812.50 vs 805, AMJ 825 vs 815
  • Black Sea sunflower oil ND 770 vs 765, JFM 775 v s765, AMJ 780 vs –
  • Russian sunflower oil offered at USD 765 vs –
  • Spain offered at USD 815 vs 810 ( last traded price 810)
  • Italy offered at USD 810 vs –
  • CIF India price Indications ND 815 vs 810, JFM 820 vs –
  • Turkey offered at USD 800 vs –
  • Currency INR 64.80, RM 4.23, Euro 1.1633 and Rub 57.78

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

Indians crawl back to normal business after a long weekend. Festivities are over and traders are looking at their books as to what they want to do. Bean oil after a strong second half last week is again higher today and so is palm. This is not effecting sunflower oil much. Sunflower oil which was at par with bean oil is not offered at a discount to Bean oil and is quoted for ND at 765 levels. Ukraine is also sending reports of harvest being over and yields are not as impressive as last year but then we don’t see its impact on FOB prices. Sunflower oil even today is offered at unchanged levels to last week and the selling pressure remains with most of the destinations not very keen to pay the offered prices.

 

Palm oil Mkt Midday Closing:

DALIAN Jan/May

PO +84 5630 +64 5626
BO +42 6056 +40 6210

SB -45 3680 -26 3769

SBM -21 2831 -19 2766

 

MCX CPO

Oct -0.70 542.40

Nov -0.70 540.00

 

CBOT

Esbo Dec -0.06 34.10

Esbn Nov +0.50 979.25

Esbm Dec +0.50 317.60

CBOT Soyoil Share Dec 35.18%

 

ENERGY

Crude Dec +0.26 52.10

Gasoil Nov +1.00 534.00

Brent Dec +0.13 57.88

POGO Mar +130

 

 

BMD (3rd month) Jan +17 2758

Hi 2759 Lo 2742

Vol 23,426 lots

 

MSIAN OLN

Nov PG 685 v 680

Dec 683 v 677.5

JFM 685 v 684

AMJ 682.5 v 680
JAS 665 v
OND 657.5 v

 

INDON CPO

Nov 687.5 v

Dec 687.5 v

 

LCL MSIA CPO

Oct DLVD 2770

 

LCL MSIA STEARIN

Oct DLVD 692.5

 

LCL MSIA PFAD

Oct DLVD 635

OTHER INFO
SPPOMA 1-20th Oct est:

FFB: +18.16%

OER: +0.46%

Prodn: +20.58%

 

SPPOMA 1-15th Oct est:

FFB: +21.01%

OER: +0.45%

  • Prodn: +23.17%
  • 6 ports Europe  SFO so far ND seller 785, JFM 800 v 787.5, AMJ 812.5 v 805, JAS 822.5 v 815, OND 827.5
  • Black Sea Sunflower oil ND 765, JFM 768 vs 760, AMJ 772.50 vs –
  • Russian sunflower oil offered at USD 760 vs –
  • Spain is offered at USD 810 vs –
  • Italy  is offered at USD 805 vs –
  • CIF India sunflower oil prices are ND 812.5 and JFM 817.50 indicatively.
  • Turkey is offered at USD 795 vs – for nearby
  • Currency INR 65.02, Euro 1.1747, Rub 57.43 and RM 4.2330

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

USDA report on beans came bullish much to surprise of shorts and we saw short covering specially in Beans. Currently bean oil and palm both are showing strength with little impact on sunflower oil prices. FOB sellers are still asking a price of 765 for ND and 770 for JFM with buyers not bidding close. Indian markets are offered on Sunflower oil at USD 815 for NOV DEC and buyers as usual are about USD 5 below. Locally the demand in Sunflower oil is non-existent and buyers are showing very low levels. The main reason for buyers to shy away is current stock holding. Everyone in India is stocked for pre- festival demand and we will see fresh business opportunity only after 23rd October 2017.  Ukraine crop numbers are widely circulated at 13.5 million MT (our inhouse still believes in 14 million MT) which has little impact on sun oil prices. Spain is on holiday and we will see them back only on Monday.

 

Palm Oil Mkt Midday Closing:

DALIAN Jan/May

PO -26 5522 -22 5500

BO +2 6060 -2 6190

SB -9 3816 +10 3857

SBM +76 2845 +67 2784

 

MCX CPO

Oct +1.80 536.80

Nov +1.90 533.00

 

CBOT

Esbo Dec +0.17 33.45

Esbn Nov +2.00 994.00

Esbm Dec +0.30 326.60

CBOT Soyoil Share Dec 33.97%

 

ENERGY

Crude Nov +0.22 50.96

Gasoil Oct +5.75 527.25

Brent Dec +0.33 56.58

POGO Feb +127

 

 

BMD (3rd month) Dec -1 2710

Hi 2716 Lo 2690

Vol 15,571 lots

 

MSIAN OLN

Nov PG 680 v 674

ND 677.5 v 672.5

Dec 675 v 671

JFM 675 v 672.5

AMJ 672.5 v 670

JASOND 650 v 640

 

INDON CPO

Nov 680 v

Dec 680 v

 

LCL MSIA CPO

Oct DLVD 2720

 

LCL MSIA STEARIN

Oct DLVD 682.5

 

LCL MSIA PFAD

Oct DLVD 637.5

OTHER INFO

  • 6 ports Europe SFO N/D 790, Dec 790, JFM 802.5 v 797.5, AMJ 815 v 810, JAS 825 v 815, jly / dec 830 v 817.5 OND 835 v 820
  • Black Sea sunflower oil FOB ND 765 vs 760, JFM 770 vs 761 and AMJ 770 vs 762.50
  • Russian sunflower oil offered at USD 760 vs –
  • Spain offered for Dec at USD 807.50 vs –
  • Italy offered for Dec at USD 805 vs –
  • CIF India offered price ND 820, JFM 822.50 vs –
  • Turkey offered at USD 800 vs –
  • Currency INR 64.90, Euro 1.1829, RM 4.22 and Rub 57.66

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

Monday morning usual slow start with depressed undecided buyers and limited sellers. Sunflower oil 6 ports are under bigger pressure then the actual FOB which speaks volumes about buyer sentiments. 6 port Europe is Oct at 787.50 is only marginally higher to actual FOB of 770. Palm, Soybeans,  Wheat , corn are marginally down and Bean oil up by 20 points. Last two days were eventful in Indore, India with SOPA conference. The demand for increase in duty and more check on import of Soybeans was sought and it appears that government will do the same in phased manner. Locally beans are arriving in market yards putting pressure on exchanges which are running below MSP. Depreciating INR, Unchanged Import prices and lack of demand is increasing the disparity and with rumoured duty increase on sunflower oil we will see more disparity .

 

USDA advanced  average Estimates Soybean Yields 50.0, Production 4.447 b bu, carry out 0.447 b bu, World carry out 96.48 b bu we will see if USDA comes with any surprises.

 

Palm oil Mkt Midday Closing:

DALIAN Jan/May
PO +60 5572 +60 5562
BO +34 6108 +20 6212
SB -30 3798 -16 3829
SBM +29 2780 +28 2730
MCX CPO
Oct +1.80 539.00
Nov +1.80 535.50

CBOT

Esbo Dec +16 33.11

Esbn Nov +0.50 972.75

Esbm Dec -0.50 318.70

CBOT Soyoil Share Dec 34.31%

 

ENERGY

Crude Nov +0.16 49.45

Gasoil Oct +2.25 522.25

Brent Dec +0.15 55.77

POGO Feb +137
 

BMD (3rd month) Dec +13 2743

Hi 2746 Lo 2733

Vol 21,677 lots

 

MSIAN OLN
Nov 692.5 v 682.5
ND 689 v 680

JFM 677 v 676

  • AMJ 673 v 670
    JAS 661 v

    INDON CPO
    Nov ? v 675 (4.5%)

    LCL MSIA CPO
    Oct DLVD 2760

    LCL MSIA STEARIN
    Oct DLVD 680

    LCL MSIA PFAD
    Oct DLVD 635

6 ports Europe Sfo oct 787.5 nd 790 jfm 805 v 790 amj 820 v 807.5 jas 830 v 817.5 jas 830 Ond 840

  • Black Sea sunflower oil FOB Oct 773 vs 768, ND 770 vs 765, JFM 775 vs 768 buyers.
  • Russian Sunflower oil offered at USD 765 vs –
  • Spain offered at usd 810 VS –
  • Italy offered at USD 805 vs –
  • CIF India Oct : 830 , ND : 825
  • Argie sun oct : 810and Russian origin sun oil offered at 815 indicatively
  • Turkey offered at USD 800 vs –
  • Currency INR 65.40, RM 4.23 , Rub 58.361 and Euro 1.1742