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

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