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

Veg oil markets are stabilizing and we see palm recovering on the back of less stocks and weaker currency. Bean oil flat price is now at a discount to sunflower oil and this is making marketing of sunflower oil a tough job. Ukraine sellers are offering sunflower oil for OND 770 and JFM 772.50 with buying interest only coming around 760 levels. Indians have purchased some more nearby cargo at USD 820 level and it will be seen if the pressure increases and we see disparity creeping back. Demand lack lustre in India and most of the traders are struggling with higher inventory and we can see demand back once the festivals starts again end of this month.

 

  • Palm oil Market Close
  • Bmd: 2717 (+34)
  • H2724/L2688
  • Vol: 46,620
  • oln:
  • Oct 685(deld)
  • Nov 684
  • Nd 682.5 vs 677.5 trd 680
  • Jfm 675 vs 670 trd 668-672.5
  • Amj 669 vs 665 trd 662.5
  • Jas 659
  • rbdpo: -7.5
  • strn: Oct 685 (deld)
  • pfad: Oct 635 (deld)
  • Local cpo: Oct 2740
  • Indon cpo:
  • Oct 685
  • Nov 685
  • Dec 685
  • laurics:
  • cpko: Oct 335
  • rbdpko: Oct 1450
  • rbdpkoln: Oct 1270
  • rbdpks: Oct 1750
  • Crude Oil : Nov 50.12
  • Ace :  +24 +26 +25
  • Dce: closed
  • 6 ports Europe  Sfo ond 790 jfm 805 v 795 amj 817.5 v 807.5 jasond 830 v 820
  • Black Sea sunflower oil FOB OND 770 vs 758, JFM 772.50 vs 760
  • Russian sunflower oil offered at USD 760 vs –
  • Spain offered at USD 810 vs –
  • Italy offered at USD 805 vs –
  • CIF India offers Oct / Nov 830 and Dec 825, JFM 835 indicatively
  • Turkey offered at USD 800 vs –
  • Currency  INR 65.07, Rub 57.74, RM 4.2260, and Euro 1.177

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

India comes back after long holidays to see mostly unchanged markets. Veg oil is slowly drifting lower with USDX getting stronger and destinations struggling with depreciating currency. Importers are not keen to pay up and thus we don’t see any demand from most of the buyers. Impact of erratic monsoon is not yet seen on Indian Soybean prices and we see speculative sellers pushing the market down. Ukraine sunflower seed crop is not expected to be as large as last year or as per earlier estimates but we still are hopeful of 14 million MT as the crop number. Sunflower oil SND is largely balanced and we can easily keep FOB prices in a small bracket of 750-790 for coming months. Current levels of sunflower oil makes it more attractive for a trader to buy then to sell it and thus we expect spread between sunflower oil and Soybean to widen a bit . Demand from China and Middle east are absent only Egypt secured some 25k sunflower oil in tender.

 

  • Palm oil Bmd: 2677 (+11)
  • H2678/L2653
  • Vol: 13,829

 

  • oln:
  • Oct 675
  • Nov 672.5 vs 667.5
  • ND 670 vs 662.5
  • JFM 665 vs 660
  • AMJ 660 vs 655 trd 655
  • JAS 650

 

  • rbdpo: -7.5

 

  • strn: Oct 675 (deld)
  • pfad: Oct 635 (deld)

 

  • Local CPO: Oct 2710

 

  • Indon cpo:
  • Oct 680
  • Nov 677.5
  • Dec 677.5

 

  • laurics:
  • cpko: Oct 326
  • rbdpko: Oct 1420
  • rbdpkoln: Oct 1250
  • rbdpks: Oct 1720

 

  • Crude Oil : Nov 50.44
  • 6 ports Europe SFO seller OND 785, JFM 805, AMJ 812.5, JAS 825, OND 835
  • Black Sea sunflower oil Oct 775 vs 765, ND 770 vs 760, JFM 772 vs 762.50 and AMJ 785 vs 765 buyers
  • Russian sunflower oil is offered at USD 770 vs –
  • Spain offered at USD 810 vs –
  • Italy offered at USD 805 vs –
  • CIF India Oct 825, ND 820 and JFM 830 indicatively , Russian sunflower oil offered at USD 815 and Argentine for Oct 810
  • Turkey offered at USD 800 vs –
  • Currency INR 65.54, Rub 57.97, RM 4.23 and Euro 1.1737

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

Veg oil markets are mostly keeping unchanged as sellers are not reducing the prices to match the demand. Destinations like India and China have quietened a lot and traders are mostly busy in execution issues. Worldwide currency is taking a toll Euro came off as Merkal won by less than expected margin and then we always have Korean mess. INR too depreciated a lot giving worries to importers and increasing already high price of veg oil. Crude sunflower oil in domestic Indian markets have gone up following International price move and INR depreciation however demand at the current levels is totally absent. We trade some volume of sunflower oil in India for AMJ positions and we expect that something more will trade if we can get offers around 820-25 levels. Ukraine sunflower oil offers at USD 785 or 780 for ND with buyers only at 770. Palm is doing well at the time of writing the report and have recovered from yesterdays lows.

 

Palm oil Mkt Midday Closing:

DALIAN Jan/May

PO -16 5610 -6 5600

BO -20 6186 = 6300

SB +7 3829 +3 3846

SBM -22 2781 -15 2727
CBOT

Esbo Dec +0.07 34.08

Esbn Nov +2.00 973.25

Esbm Dec +0.40 314.70

CBOT Soyoil Share Dec 35.24%

 

ENERGY

Crude Nov +0.23 52.36

Gasoil Oct  +4.00 555.50

Brent Nov +0.39 59.41

POGO Feb +110

 

 

BMD (3rd month) Dec +24 2715

Hi 2718 Lo 2699

Vol 17,039  lots

 

MSIAN OLN
Oct PG 682.5 v
ND 680 v 677.5

JFM 678.5 v 677.5

AMJ 675  v  673.5

INDON CPO
Oct ? v 682.5

LCL MSIA CPO
Sept DLVD 2740

LCL MSIA STEARIN
Oct DLVD 687.5

LCL MSIA PFAD
Oct DLVD 635

6 ports Europe Sfo Oct seller 797.5, ND 805, OND 805, JFM 820 v 810, AMJ 830 v 820, JAS 840 v 830, OND 845 v 830

  • Black Sea sunflower oil Oct 785, ND 780 and JFM 785 vs 770 buyers may pay 772
  • Russian sunflower oil offered at USD 780
  • Spain offered at USD 820 vs –
  • Italy offered at USD 815 vs –
  • CIF India October 835 and ND 830 offered vs –
  • Turkey is offered at USD 810 vs –
  • Currency INR 65.32, Rub 57.46, Euro 1.1827 and RM 4.20

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

Malaysia is showing increase in stocks but then good export pace coupled with strong bean oil helping the market to remain firm. Indians are busy in festivals as today being first day of 10 day long festival. Demand is expected to remain good as general house hold celebrates. Heavy rains are forecasted for Maharashtra and Madhya Pradesh raising concerns about already lower soybeans crop and also delaying the harvest. Veg oil prices should improve and also the proteins . More rains could result in speculation about crop damage and bulls will not miss the opportunity. Sunflower oil sellers in Ukraine have shown some resistance in lowering the prices and nearby sunflower oil continues to trade at 775/780 levels.  Forward positions all buyers are avoiding paying high prices and are sticking to 770 mark. Oil world came out with a report showing lower Ukraine sunflower seeds crops and they estimate on 13.5 million MT of sun seeds , However most of the crop lost in Ukraine and made back to SND as increase in Russia and Moldova.  Bean oil is still at discount to Sunflower oil which makes trader look less seriously on sunflower oil.  India once again traded few rounds of sunflower oil for Dec and Feb months but with INR going higher trade will remain slow.

 

Palm oil Mkt Midday Closing:
DALIAN Jan/May
PO +16 5738 +34 5710
BO +16 6340 +14 6428
SB +1 3791 -5 3815
SBM +10 2736 +7 2692

CBOT
Esbo Dec -0.12 34.79
Esbn Nov -1.50 968.50
Esbm Dec -0.30 309.80
CBOT Soyoil Share Dec 36.09%

ENERGY
Crude Nov = 50.69
Gasoil Oct +1.00 538.00
Brent Nov -0.11 56.18
POGO Feb +146

BMD (3rd month) Dec +3 2773
Hi 2783 Lo 2769
Vol 18,234  lots

OLN
Oct PG 702.5 v
ND 695 v 692.5
JFM 693.5 v 688
AMJ 688.5 v 683

INDON Mkt Closed In Observance of Awal Muharram

LCL MSIA CPO
Sept DLVD 2810

LCL MSIA STEARIN
Oct DLVD 700

LCL MSIA PFAD
Oct DLVD 642.5

  • 6 ports Europe Rso oct 745 v 736 ndj 747 v 742 fma 730 v 725 mjjy 718 v 713 aso 712 v 702 / Crude  Sfo sept 802.5 oct 802.5 n/d 807.5 jfm 820 v 810 amj 825 v 820 as 837.5 v 830 ond 847.5 v 830
  • Black Sea sunflower oil Oct 787.50, ND 785, JFM 790 and AMJ 790
  • Russian sunflower oil for October 780 vs —
  • Spain offered at USD 820 vs –
  • Italy offered at USD 810 vs –
  • CIF India crude sunflower oil offers at start are OND 835 and JFM 840 tentatively.
  • Turkey offered at USD 810 vs –
  • Currency INR 64.47, Euro 1.1883, RM 4.199 , Rub 58.151 and UAH 26.1893

 

Thanks and wish you all a very happy Navratri

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