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

Very firm veg oil markets as crude remains firm and also USD weakens. Euro today crossed 1.17 and the firmness continues in metals as well. Palm oil at the time of writing this report is up 60 points at 2687 for most active month. We expect it to soon test 2700 mark. Ukraine sunflower oil sellers are asking for USD 757.50 for Sept and just over 760 for OND and buyers looking for 745 may pay 747 on FOB. CIF India the demand was good for OND sunflower oil as prices of bean oil are now equal to soybean oil. It will be seen today if sunflower oil again attempts to command premium over bean oil. CIF India offers firm prices on sunflower oil as the offer for JFM firms to 815 and buyers now aim at 800 mark now.

 

  • Palm oil Bmd: 2653 (+24)
  • H2656/L2636
  • Vol: 21,070

 

  • oln:
  • Aug 657.5/55 vs 645
  • Sep 650 vs 645
  • OND 647.5 vs 642.5 trd 642.5
  • JFM 655 vs 647.5/50
  • AMJ 660 vs 652.5

 

  • rbdpo: -10

 

  • strn: Aug 630 (deld pg)
  • pfad: Aug 620 (deld)

 

  • Local CPO: Aug 2680

 

  • Indon cpo:
  • Aug 650
  • Sep 647.5
  • Ond 645

 

  • laurics:
  • cpko: Aug 278
  • rbdpko: Aug 1180
  • rbdpkoln: Aug 1060
  • rbdpks: Sep 1520

 

  • Rm 4.275
  • Crude Oil : Sep 48.66
  • Ace : +13 +14 +13
  • Dce: Sep 5462 (+32) Jan 5440 (+66)

 

  • Black Sea sunflower oil Sept 757 vs 745, OND 760 vs 745, JFM 765 vs –
  • Russian sunflower oil offered at USD 745 vs –
  • Spain offered at USD 805 vs –
  • Italy offered at USD 800 vs –
  • CIF India offered AuG 810 /Sept 812.50, OND 812.0 and JFM 815 indicatively
  • Turkey offered at USD 800 vs –
  • Currency INR 64.12, Euro 1.1722, Rub 59.41 and RM 4.2750

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

Palm markets are on fire today. Production is not jumping as expected and exports are over 1 million MT for the month of July. At the time of writing this wire we see MDEX on day’s high of 2626 and soon it appears to test the levels of 2650 and eventually 2750 mark. CBOT too is showing positivity and is up 26 points. India is having good monsoon and some news agency reports that heavy and incessant rainfall over past few days has triggered flooding and water logging in western India specially Gujarat effecting crops of cotton and groundnut. Though its too early to estimate the damage but then it works as a fuel to the already hungry news deprived market. Ukraine sunflower oil sellers are opening prices unchanged to USD 755 fob against buyers at 745. Pls note this price of sunflower oil is already USD 20 premium to bean oil and Athena does not feel this justified but then who can p… against the wind and thus shorts are forced to look for a cover. India best offered prices were 805 for OND and JFM yesterday against that the bids were at USD 795 may pay 800 but we didn’t hear any trade.

 

Palm oil Mkt Midday Closing:

DALIAN Sep/Jan

PO +42 5394 +42 5308

BO +54 6136 +48 6280

SB +7 3786 +7 3847

SBM +42 2862 +43 2885

 

CBOT

Esbo Dec +0.32 34.37

Esbn Nov +15.50 1025.50

Esbm Dec +5.20 337.90

CBOT Soyoil Share Dec 33.56%

 

ENERGY

Crude Sept +0.13 46.61

Gasoil Aug -0.25 451.25

Brent Sept +0.26 48.86

POGO Dec +154

 

FX

EUR 1.1660

CNY 6.7487

MYR 4.2797

SGD 1.3611

INR 64.3825

IDR 13322

 

BMD (3rd month) Oct +39 2592
Hi 2594 Lo 2565

Vol 20,834 lots

 

MSIAN OLN
Aug PG 640 v

Sept 637.5 v 632.5

OND 632.5 v 627.5

JFM 640 v 637.5

AMJ 647.5 v 641

 

INDON CPO

Sep 637.5 v

OND 632.5 v

 

LCL MSIA CPO

Jul DLVD 2630

 

LCL MSIA STEARIN

Aug DLVD 622.5

 

LCL MSIA PFAD

Aug DLVD 615

 

  • 6 ports Europe sfo opens July, and or Aug 790 Sept 792.5 OND 800 JFM 807.5 AMJ 817.5 JAS 827.5
  • Black Sea sunflower oil OND 755 vs 745, JFM 760 vs –
  • Russian sunflower oil USD 745 vs –
  • Spain offered at USD 805 vs 800
  • Italy offered at USD 800 vs –
  • CIF India sunflower oil offered  SOND 810 vs 795 and JFM 812.50 vs 800. Locally India traded at INR 60000 at east coast and is again offered at the same level
  • Turkey offered at USD 790 vs —
  • Currency INR 64.40, Euro 1.1656, Rub 59.89, RM 4.28.

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

Weather finally improved in US and thus we see today morning all major markets losing in veg oil. China is down, India down and so is Malaysian Palm. Friday due to Euro dollar rate there was good action in Europe and Sunflower oil was offered to Spain at 810. FOB Ukraine was consistently Bid at USD 750. Today though the price of sunflower oil are high but we lack buyers excitement. We do still see buyers around FOB 750 mark and sellers asking for USD 758. Wide spread rains in India has also lifted sentiments of farmers and Soybean growing regions will cheer for some more rains. Indian buyers are well covered for nearby and demand is only for OND / JFM.

 

Palm oil Mkt Midday Closing:

DALIAN Sep/Jan

PO -104 5328 -78 5240

BO -82 6066 -72 6222

SB -26 3776 -37 3831

SBM -54 2810 -53 2834

 

CBOT

Esbo Dec -0.37 33.90

Esbn Nov -18.75 1003.50

Esbm Dec -6.60 330.20

CBOT Soyoil Share Dec 33.77%

 

ENERGY

Crude Sept +0.10 45.87

Gasoil Aug -2.25 450.50

Brent Sept +0.14 48.20

POGO Dec +147

 

 

BMD (3rd month) Oct -31 2542
Hi 2556 Lo 2542

Vol 11,358 lots

 

MSIAN OLN

Aug PG 635 v 622.5

Sept 625 v 617.5

OND 620 v 617.5

JFM 630 v 627.5

AMJ 637.5 v 632.5

 

INDON CPO
Aug 632.5/30 v 620

Sep 627.5 v

OND 625 v

 

LCL MSIA CPO

Jul DLVD 2610

 

LCL MSIA STEARIN

Aug DLVD 610

 

LCL MSIA PFAD

Aug DLVD 610

 

  • 6 ports Europe slow start to the week SFO see July 795 Aug 795 v 772.5 Sept 797.5 v 775 OND 800 JFM 810 v 795 AMJ 817.5
  • Black Sea sunflower oil OND 760 / ND 758 vs 750 may pay 755 as Friday. JFM 765 vs –
  • Russian sunflower oil offered at USD 745 vs –
  • Spain offered at USD 808 vs –‘
  • Italy offered at 805 vs—
  • CIF India offered at  Sept 812.50 and OND 815 vs 795 for OND and JFM bid. Locally Indian market is offered 59500-60000 at major ports of India⁠
  • Turkey offered at usd 800 vs—
  • Currency INR 64.38, Euro 1.1652, RM4.27 and Rub 59.86

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

Indian market is full of contrasting news. One day we hear farmers protesting about low prices and government thinking of raising import duty on edible oil products and just another day like today we read in news about food ministry planning to cut duty on CPO to make duty differential in favor of Palm processing. Confused.. we all are. Ukraine sunflower oil has a surprise element OND was paid 750 and traded a couple of times only to be offered now at 755 with Bunge as a buyer at 750 still. Palm is mixed with slight gains in the post lunch session.

 

Early trading remains higher. Corn remains 5 cents higher, Chi wheat 3 cents higher, KC wheat up 1 cent, Minny up 4 cents, Matif up .25 Euros, rapeseed up .50 Euros, soybeans up 5 cents, soymeal up 2.3, oil up 9 pts, palm oil mixed, crude oil +.25%.

 

Palm oil Mkt Midday Closing:

DALIAN Sep/Jan

PO -42 5352 -40 5202

BO -24 6060 -30 6198

SB -5 3816 -4 3850

SBM +2 2825 -2 2843

 

CBOT

Esbo Dec -0.09 33.65

Esbn Nov -2.00 999.75

Esbm Dec -0.50 330.40

CBOT Soyoil Share Dec 33.51%

 

ENERGY

Crude Aug +0.01 46.26

Gasoil Aug = 446.25

Brent Sept -0.12 48.72

POGO Dec +139

 

 

BMD (3rd month) Oct -5 2508
Hi 2520 Lo 2494

Vol 15,020 lots

 

MSIAN OLN

Aug PG 642.5 v 637.5

Sept 627.5 v 620

OND 612.5 v 610

JFM 622.5 v 617.5

AMJ 630 v 625

 

INDON CPO
Aug 635 v

Sep 625 v

OND 615 v

 

LCL MSIA CPO

Jul DLVD 2610

 

LCL MSIA STEARIN

Aug DLVD 607.5

 

LCL MSIA PFAD

Aug DLVD 607.5

 

  • 6 ports Europe SFO opening July Aug or Sept 787.5 buy Aug give Sept ask 5 counter 2.5, OND 800 v 792.5, JFM 810 v 800, AMJ 820 v 805, JAS 830
  • Black Sea sunflower oil A/S 750 vs 745, OND 755 vs 750, JFM 760 vs –
  • Russian sunflower oil offered at USD 740 vs –
  • Spain offered for new crop 800 vs –
  • Italy offered for new crop at USD 795
  • India offered Sunflower oil Aug 800. SOND 805 indicatively
  • Turkey offered at USD 790
  • Currency INR 64.31, Euro 1.1532, Rub 59.10, and RM 4.28

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

Once again we have news about duty on veg oil in India and this time traders and speculators are not taking it too seriously. We don’t see any impact on exchanges and most of the Indian markets are unchanged as Soy growing regions enjoy the rains. Ukraine sunflower oil traded for OND at USD 750 before CBOT actually started coming down.  Palm is showing some recovery after initial CBOT soy oil influence. We are entering a bull market it seems as all the bearish news exhausted and most of the crop numbers already out. Prepare for good times … have a great weekend.

 

  • Palm oil Midday Market Close
  • Bmd: 2538 (-19)
  • H2540/L2532
  • Vol: 21,194
  • oln:
  • Jul 667.5(deld)
  • Aug 652.5 vs 645 trd 650
  • Sep 632.5 vs 625
  • Ond 617.5 vs 613
  • Jfm 625 vs 620
  • Amj 632.5 vs 627
  • rbdpo: -10
  • strn: Aug 612.5 (deld)
  • pfad: Aug 610 (deld)
  • Local cpo: Jul 2655
  • Indon cpo:
  • Aug 637.5
  • Sep 625
  • Ond 617.5
  • laurics:
  • cpko: Jul 255
  • rbdpko: Jul 1080
  • rbdpkoln: Jul 970
  • rbdpks: Aug 1420
  • Crude Oil : Aug 45.99
  • 6 ports Europe sfo seller starting out conservatively with jas 785 Ond 800 jfm 805 amj 820
  • Black Sea sunflower oil A/S 750 vs 745, OND 753 vs 745 and JFM 755 vs –
  • Russian sunflower oil offered at USD 740 vs –
  • Spain offered at USD 795 vs—
  • Italy offered at USD 790 vs –
  • CIF India offered Unchanged A 805 and SOND 810 indicatively with little buying interest
  • Turkey offered at USD 790  vs –

Currency INR 64.45 , Euro 1.1415, RM 4.29 and Rub 59.80

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

USDA as expected came neutral. In Beans 16/17 crush is cut by 10 MBU exports gain 50 mbu for -40 mbu carry out move. New crop yield unchanged production up by 5 mbu. Demand kept unchanged for 17/18 and carry out falls to 35 mbu. Arg/ Brazil production unchanged and so far India also kept unchanged. These numbers don’t add up to any bullish tone and this we expect the market to remain cautious and watch towards weather god for any bullish news.  Ukraine sunflower oil is not moving and sellers are holding on to yesterday’s level. Offers at 753 for AS and 755 for OND. Indian markets are not showing any excitement today as much awaited monsoon have reached soy growing regions of India. Weather so far is normal and it appears that India will have normal sowing in soybeans .

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO -52 5444 Jan -42 5260
  • BO -54 6096 -56 6244
  • SB -20 3889 -17 3894
  • SBM -67 2850 -70 2878
  • CBOT
  • Esbo Dec -0.28 33.71
  • Esbn Nov -17.25 1016.75
  • Esbm Dec -6.30 337.00
  • CBOT Soyoil Share Dec 33.12%
  • ENERGY
  • Crude Aug +0.04 45.50
  • Gasoil Jul  = 437.25
  • Brent Sept +0.02 47.76
  • POGO Dec +151

 

 

  • BMD (3rd month) Sept -18 2563
    Hi 2570 Lo 2555
    Vol 15,605 lots

    MSIAN OLN
    Aug PG 655/52.5 v 650
    Sept 635 v 630
    OND 622.5 v 618.5
    JFM 630/27.5 v 625
    AMJ 635 v 633

    INDON CPO
    Aug 645 v 635 (4.5%)
    Sept 635 v 617.5 (4.5%)
    OND 625 v 605 (4.5%)

    LCL MSIA CPO
    Jul DLVD 2670

    LCL MSIA STEARIN
    Aug DLVD 615

    LCL MSIA PFAD
    Aug DLVD 612.5

  • OTHER INFO
  • 6 ports Europe SFO A/S 790 ond 800 jfm 807.5.
  • Black Sea sunflower oil A/S 753 vs 742.50, OND 755 vs 740, JFM 755 vs –
  • Russian sunflower oil offered at USD 740 vs –
  • Spain offered at USD 795 vs —
  • Italy offered at USD 800 vs –
  • India offered A 805 and SOND 810 vs –
  • Turkey offered at USD 790 vs –
  • Currency INR 64.43, Rub 60.12, Euro 1.1452 and RM 4.29

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

Unchanged markets today for sunflower oil with stronger currency for India and Europe . Early trading remains lower.  Corn remains down 3 cents, Chi wheat down 4 cents, KC down 3 cents, Minny down 3 cents, Matif down .5 euros, rapeseed down 1.5 euros, soy down 6 cents, meal down 1.1, oil down 25 pts, palm down 7 pts, crude +2%. Beans are still managing to keep around 10.30 mark giving some support. Palm was well supported in the whole day but came off in last one hour to close unchanged. Big gap is seen in buyers of sunflower oil against the offers. OND is offered at 755 vs buyers interested only at 745 and we feel if the bid improved around 747 or 750 they will be booked for at least Nov and December. Indians are not well covered for new crop and are looking for oil for the same position.

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO +4 5508 +12 5310
  • BO +16 6158 +14 6308
  • SB +16 3912 +14 3914
  • SBM -7 2915 -10 2948
  • CBOT
  • Esbo Dec -0.12 34.20
  • Esbn Nov -3.75 1039.50
  • Esbm Dec -1.30 344.90
  • CBOT Soyoil Share Dec 32.93%
  • ENERGY
  • Crude Aug +0.02 45.78
  • Gasoil Jul  +7.75 441.25
  • Brent Sept +0.71 48.23
  • POGO Nov +153

 

 

  • BMD (3rd month) Sept +10 2593
    Hi 2596 Lo 2584
    Vol 12,045 lots

    MSIAN OLN
    Aug PG 655 v 652.5
    Sept 635 v 630
    OND 627.5 v 625
    JFM 635 v 632.5
    AMJ 640 v 637.5

    INDON CPO
    Aug 650 v 637.5 (4.5%)
    Sept 640 v 620 (4.5%)
    OND 632.5 v 610 (4.5%)

    LCL MSIA CPO
    Jul DLVD 2690

    LCL MSIA STEARIN
    Aug DLVD 617.5

    LCL MSIA PFAD
    Aug DLVD 617.5

  • 6 ports Europe a/s 792.5 v 785 ond 802.5 v 797.5 jfm 812.5 v 805
  • Black Sea sunflower oil A/s 750 vs 745, OND 755 vs 745 and JFM 760 vs –
  • Russian sunflower oil offered at USD 740 vs –
  • Spain offered at USD 798 for near by and 800 for OND
  • Italy offered at USD 795 vs –
  • India offered for small volumes July shipment 800, A/s 805 and OND 810 respectively
  • Turkey is offered at USD 780 vs –
  • Currency INR 64.56, RM 4.29, Rub 60.59 and Euro 1.1457