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

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

Markets seem to have taken a pause today ahead of USDA report. Global markets are looking at North Korea, OPEC, Fed, Indo Chinese standoff etc ….money moving towards safer heaven GOLD and some may also come in Agri commodities ( I wish). Soybeans modestly higher ahead of the report today.  Forecast still leans on the drier side- remember we still need solid rains still in Aug.   USDA report today still largely a big guess on yields as we still are dealing with yield implications per soybean crop.   Ukraine sunflower oil showing surprising strength in FOB. Last night Fob traded as high as 760 and today offers are only at 765. Some were reporting bids at 762 but then today every thing is back to normal and buyers start just at 755 for SOND positions. Indians are struggling with high stocks large imports and no clarity on import duty though Bloomberg and other so called news agencies were confident of breaking it first. Athena team feels that if any duty increase will happen then we can expect it tomorrow if not this issue will be postponed till September as its still time for harvest and farmers will only bring their crop around End sept to market yards.

 

  • Palm oil Market Close
  • Bmd: 2660 (+30)
  • H2672 / L2634
  • Vol: 66,765
  • oln:
  • Aug (deld) 655
  • Sep 650 vs 645 trd 646-647
  • Ond 647.5 vs 642.5 trd 645
  • Jfm 657.5 vs 652.5 trd 647.5-655
  • Amj 662.5 vs 655/?
  • rbdpo: -10
  • strn: Sep 625 (deld)
  • pfad: Sep 615 (deld)
  • Local cpo: Aug 2650
  • Indon cpo:
  • Aug 655
  • Sep 655
  • Ond 655
  • laurics:
  • cpko: Aug 280
  • rbdpko: Sept 1185
  • rbdpkoln: Sept 1060
  • rbdpks: Sept 1540
  • Rm 4.29
  • Crude Oil : Sep 49.91
  • Ace : +13 +11
  • Dce: Sep 5486 (+20) Jan 5418 (+6)
  • 6 ports Europe Sfo starting out slightly higher with seller ond 807.5 jfm 817.5 amj 827.5 jas 837.5…
  • Black Sea sunflower oil FOB OND 765 vs 755, JFM 770 vs 755
  • Russian sunflower oil offered at USD 750 vs –
  • Spain offered a shade higher at USD 812for new crop
  • Italy offered at USD 807.50 vs –
  • CIF India offered for SOND 820 against this bids only at 800. Locally oil is offered at 60100 for ready payment basis
  • Turkey offered at USD 810 vs –
  • Currency INR 63.92, RM 4.29, Euro 1.17, and rub 59.80

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

Veg oil markets are very volatile with news about hot and dry weather keeping the price firm in sunflower oil and new about China’s ever growing appetite for soybeans keeping bean oil firm. Indian markets are once again riddled with the question about increase in duty and it appears that its wishful thinking of importers who are holding record stocks in ports. Indian markets were offered at 812.5 later in the evening for OND and buyers were only keen to buy at 800. Bloomberg too has come out with a news citing reference to some top government official that India will soon increase the duty on veg oils.

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO +38 5456 +64 5410
    BO +46 6130 +58 6276
  • SB +3 3870 +19 3977
  • SBM +9 2844 +9 2814
  • CBOT
  • Esbo Dec +0.02 34.24
  • Esbn Nov +2.00 975.25
    Esbm Dec +0.30 314.60
  • CBOT Soyoil Share Dec 35.08%
  • ENERGY
  • Crude Sept +0.06 49.02
  • Gasoil Sept -5.00 478.50
  • Brent Oct -0.20 51.94
  • POGO Dec +140
  • BMD (3rd month) Oct +3 2632
  • Hi 2648 Lo 2627
  • Vol 10,131 lots
  • OLN
  • Sept PG 642.5 v 635
  • OND 642.5 v 637.5
  • JFM 650v 648
  • AMJ 657.5 v 652.5
  • INDON CPO
  • Lh Aug 650 v
  • Sept 650 v
  • LCL MSIA CPO
  • Aug DLVD 2630
  • LCL MSIA STEARIN
  • Sep DLVD 620
  • LCL MSIA PFAD
  • Sep DLVD 615
  • 6 ports Europe Aug 797.5 Sep 800 ond 810 v 800 jfm 820 v 810
  • Black Sea sunflower oil OND 765 vs 755, JFM 770 vs —
  • Russian Sunflower oil offered at USD 760 vs —
  • Spain offered at USD 810 vs –
  • Italy offered at USD 805 vs –
  • CIF India offered OND 815 vs 800, JFM 820 vs –
  • Turkey offered at USD 800 vs –

Currency INR 63.74, Rub 59.88, Euro 1.1748, and RM 4.285

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

Weather is the key factor across Europe , Balkans , Ukraine and south of Russia. Temperatures are high and this should have negative impact on sunflower seed crop. As a start we are taking 14 million as the crop and this should be revised downward if the dryness and high temperatures continue for one more week. Ukraine sunflower oil sellers have increased the prices to 765 on offer side for new crop. Destinations like India and Europe are not very keen to pay current prices and await a correction. CIF India offered at USD 815 for most of the positions with buyers sniffing ideas at 800. Palm and CBOT both are up and its appears to be exciting day so far ..

 

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO +16 5416 -14 5340
  • BO +30 6076 +24 6212
  • SB +44 3862 +75 3956
  • SBM +29 2837 +32 2809
  • CBOT
  • Esbo Dec +0.14 34.07
  • Esbn Nov +4.50 974.25
  • Esbm Dec +1.20 315.40
  • CBOT Soyoil Share Dec 34.90%
  • ENERGY
  • Crude Sept -0.16 49.23
  • Gasoil Sept +3.75 482.25
  • Brent Oct -0.22 52.15
  • POGO Dec +130
  • FX
  • EUR 1.1814
  • CNY 6.6982
  • MYR 4.2835
  • SGD 1.3603
  • INR 63.7450
  • IDR 13318
  • BMD (3rd month) Oct +16 2590
  • Hi 2597 Lo 2585
  • Vol 14,515 lots
  • OLN
  • Sept PG 635 v 627.5/30
  • OND 635 v 630
  • JFM 645 v 640
  • AMJ 652.5 v 647.5
  • INDON CPO
  • Lh Aug 640 v
  • Sept 640
  • LCL MSIA CPO
  • Aug DLVD 2610
  • LCL MSIA STEARIN
  • Sep DLVD 615
  • LCL MSIA PFAD
  • Sep DLVD 610
  • 6 ports Europe Sfo starting out with seller Aug 795 small volume sept 797.5 ond 807.5 jfm 817.5 amj 827.5 jas 827.5
  • Black Sea sunflower oil  FOB Sept 760 vs 750, OND 765 vs 750, JFM 770 vs —
  • Russian sunflower oil FOB offered at USD 750 vs —
  • Spain offered at 810 vs —
  • Italy offered at  805 vs —
  • CIF India offered at SOND 815 vs 800, JFM 815 vs —
  • Turkey offered at USD 800 vs —
  • Currency INR 63.75, Euro 1.1803, Rub 59.92 and RM 4.28