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

Its weather markets and traders are building in AUGUST premium . Bean oil complex is very firm and even in the electronic today we see Soybean oil 50 points up giving the much needed strength to Palm and sunflower oil markets. Sunflower oil black sea has not changed much as its already USD 15 premium to bean oil  and is offered for OND at USD 750 FOB black Sea. Bean oil needs to catch up with a premium new crop sunflower oil for the rally to have any impact on flat price sunflower oil. Indians are showing much more interest in local market and we see trades at INR 60000 in almost all ports of india, this works out to be USD 795 CIF India against offers at USD 805 for nearby months.

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO +80 5490 +76 5282
  • BO +120 6106 +116 6252
  • SB +45 3877 +47 3884
  • SBM +90 2916 +103 2958
  • CBOT
  • Esbo Dec +0.21 33.53
  • Esbn Nov +18.75 1034.25
  • Esbm Dec +8.40 346.40
  • CBOT Soyoil Share Dec 32.38%
  • ENERGY
  • Crude Aug +0.33 44.56
  • Gasoil Jul +2.50 430.25
  • Brent Sept ++0.35 47.06
  • POGO Nov +158
  • FX
  • EUR 1.1405
  • CNY 6.8013
  • MYR 4.2985
  • SGD 1.3822
  • INR 64.5188
  • IDR 13398
  • BMD (3rd month) Sept +21 2575
    Hi 2585 Lo 2574
    Vol 13,321 lots

    MSIAN OLN (PRE-MPOB)
    Aug PG 655 v
    Sept 640 v
    OND 622.5 v 620
    JFM 630 v 627.5
    AMJ 637.5 v 630

    INDON CPO
    LH Jul  660 v
    Aug 652.5 v
    Sept 640 v

    LCL MSIA CPO
    Jul DLVD 2700

    LCL MSIA STEARIN
    Jul DLVD 612.5

    LCL MSIA PFAD
    Jul DLVD 612.5

  • OTHER INFO
    Jul 1-10 ITS: 360,114mt v 366,994mt (-6,880mt, -1.87%)
  • 6 ports Europe  Sfo July 795 , a/s 795 v 785,  Sep 797.5 v 787.5, OND 802.5 vs 795,  jfm 812.5 v 795 seller amj 820 jas 825
  • Black Sea sunflower oil  OND 750 vs 740, JFM 755 vs 740 to start with
  • Russian sunflower oil offered at USD 735 vs –
  • Spain offered at USD 795 vs –
  • Italy offered at USD 790 for near by
  • CIF India offered  today Aug 805, SOND 810 vs buyers 795 for OND and JFM⁠
  • Turkey offered at  USD 790
  • Currency INR 64.50, RM 4.29, Rub 60.26 and Euro 1.1403

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

Veg oil markets are seeing some short covering which is why we see markets stable. Funds are back in the market to buy and with the lower crude oil prices and also dollar weakness we don’t see much of a fall in veg oil prices. Ukraine sunflower oil sellers are quoting USD 745 for nearby sunflower oil price and for OND prices are in Excess of USD 750 FOB with buying interest only coming at 740 for few shorts. Indians are once again looking for some duty on edible oil which is why we see good business in domestic market. We do see some demand for OND and JFM in India but at levels of 790 and 795 respectively.

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO -14 5390 -14 5186
  • BO -28 5964 -28 6116
  • SB -40 3826 -33 3832
  • SBM +22 2834 +22 2861
  • CBOT
  • Esbo Dec -0.22 33.16
  • Esbn Nov +2.00 1001.25
  • Esbm Dec +2.80 332.50
  • CBOT Soyoil Share Dec 33.05%
  • ENERGY
  • Crude Aug -0.40 44.93
  • Gasoil Jul -12.00 434.00
  • Brent Sept -0.55 47.56
  • POGO Nov +145
  • BMD (3rd month) Sept -11 2550
    Hi 2560 Lo 2540
    Vol 12,247 lots

    MSIAN OLN
    Aug PG 647.5 v 642.5
    Sept 627.5 v 622.5
    OND 615 v 612.5
    JFM 625 v 618.5
    AMJ 630 v 622.5
    JAS 625n v
    OND 620 v

    INDON CPO
    Aug 650 v 635 (4.5%)
    Sept 635 v 615 (4.5%)
    OND 625 v 592.5 (4.5%)

    LCL MSIA CPO
    Jul DLVD 2700

    LCL MSIA STEARIN
    Jul DLVD 612.5

    LCL MSIA PFAD
    Jul DLVD 612.5

  • 6 ports Europe SFO opens A/s 795 , OND 800, JFM 805, AMJ 815 vs 800, JAS 822.50
  • Black Sea sunflower oil AS 747.50 , OND 750 vs 740, JFM 755 vs 740
  • Russian sunflower oil offered at USD 730 vs –
  • Spain offered at USD 800 vs –
  • Italy offered at USD 795 for near by
  • CIF India offered July 800, Aug 805 and SOND 807.50 indicatively
  • Turkey offered at USD 790 vs –

Currency INT 64.65, Euro 1.1417, Rub 60.38 and RM 4.29

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

Firm markets specially in Palm and sunflower oil would result in tight bean oil over night as well. Edible oil prices refuse to give up and shorts are now panicking to buy. It’s rumoured that one of the shorts paid up to 745 for Aug position sunflower oil in FOB black Sea. Weather once again is a concern which should lift the sentiments even more. Indians have not bought volumes and are struggling to understand their GST and a possible duty hike on veg oils. Traders were bidding sunflower oil lower but then we have firmer markets once again.  Locally markets are seeing some demand and expect the same to continue as we get more clarity with the current tax system.

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO +34 5330 +20 5134
  • BO -8 5956 -4 6104
  • SB = 3908 +5 3884
  • SBM +7 2795 +8 2822
  • CBOT Closed In Observance Of  Independence Day
  • ENERGY
  • Crude Aug -0.09 46.98
  • Gasoil Jul -1.00 450.75
  • Brent Sept -0.07 49.54
  • POGO Nov +126
  • BMD (3rd month) Sept +4 2512
    Hi 2516 Lo 2504
    Vol 6,595 lots

    MSIAN OLN
    Aug 642 v 630
    Augsept 632.5 v 625
    OND 612.5 v 605
    JFM 620 v 615
    AMJ 629 v 620
    JAS 625 v
    OND 619s v

    INDON CPO
    Aug 640 v 625 (4.5%)
    Sept 630 v 615 (4.5%)
    OND 622.5 v 595 (4.5%)

    LCL MSIA CPO
    Jul DLVD 2680

    LCL MSIA STEARIN
    Jul DLVD 615

    LCL MSIA PFAD
    Jul DLVD 615

  • 6 ports Europe Sfo starting out seller july 797.5 Aug 800 Sep 800 ond 802.5 jfm 807.5 amj 817.5 jas 827.5.
  • Black Sea sunflower oil offered JAS 747.50 vs 740, OND 750 vs –, JFM 755 vs — indicatively .
  • Russian sunflower oil Offered at USD 730 vs –
  • Spain offered Old crop 795 and new crop at USD 800
  • Italy offered at USD 795 OND
  • India offered for AS 810 and OND 812.50 indicatively
  • Turkey offered at USD 795 vs –
  • Currency INR 64.79, Euro 1.1320, Rub 60, and RM 4.29

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

USA is celebrating independence day and we don’t have CBOT today. MDEX initially was depressed but then recovered in the second session. Indian markets too are seeing demand and local markets are upbeat. Once again the rumour about increase in duty on  Imported oils into india is one the rise and is keeping the buyers interested.  Ukraine sunflower oil sellers are quoting higher today with offers for JAS OND 747.50 vs buyers 737.50. 6 ports . Tomorrow most of the traders expect profit taking and we might see a correction in prices but over all market is expected to remain firm.

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO -64 5268 -54 5086
  • BO -74 5928 -66 6080
  • SB +19 3915 +8 3883
  • SBM +46 2796
  • CBOT Closed In Observance Of  Independence Day
  • ENERGY
  • Crude Aug -0.25 46.80
  • Gasoil Jul -1.00 448.00
  • Brent Sept -0.29 49.39
  • POGO Nov +120
  • FX
  • EUR 1.1369
  • CNY 6.7967 CNH 6.7980
  • MYR 4.2985
  • SGD 1.3821
  • INR 64.8075
  • IDR 13383
  • BMD (3rd month) Sept -21 2482
    Hi 2484 Lo 2478
    Vol 15,303 lots

    MSIAN OLN
    Aug 635 v
    Augsept 627.5/25 v 622.5
    OND 605 v 602.5
    JFM 615 v 612
    AMJ 622.5 v 620
    JAS 617.5n v
    OND 612.5 v

    INDON CPO
    July dated ? v 642.5 (4.5%)
    Aug 627.5 v 622.5 (4.5%)
    Sept 617.5 v
    OND 605 v

    LCL MSIA CPO
    Jul DLVD 2680

    LCL MSIA STEARIN
    Jul DLVD 615

    LCL MSIA PFAD
    Jul DLVD 615

  • 6 ports Europe SFO A/S 800 v 785, OND 805 vs 795
  • Black Sea sunflower oil JASOND 747.50 vs –
  • Russian sunflower oil offer USD 720 vs –
  • Spain offered at USD 797.50 vs –
  • Italy offered at USD 795 vs –
  • CIF India offered July 797.50, AS 805, OND 807.50 vs –
  • Currency Euro 1.1349, INR 64.72, UAH 26.04, Rub 59.3260, and RM 4.29

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

Early trading is sharply higher, both from follow thru from Fridays USDA plantings report as well as the continued weather across the Midwest that continues to be a bit adverse.  Corn remains up 6 cents, Chi wheat up 11 cents, KC wheat up 13 cents, Minny up 30 cents, MATIF up 3.50 euros, rapeseed up 5.25 euros, soy up 20 cents, meal up 7.5, oil up 25 pts, palm up 40 pts, crude oil mixed.

 

India has awakened to  new trade practices and joined the other 161 countries practicing GST.  USDA came out with supportive report and bean oil and wheat are showing a good recovery. This could be a turnaround as we do see demand from India and  other Asian countries picking up as well. Ukraine sunflower oil sellers are holding on to the prices and are quoting FOB at USD 745 for almost all the position for this year.  Europe and Spain have missed buying cheap oil and are now looking at offers USD 795 as against 775 a few days back. Indians too have missed buying sunflower oil at lower prices and it appears that most of the port stocks are now consumed or committed which will give support to domestic prices.

 

  • Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO +66 5352 +60 5158
  • BO+82 6016 +86 6160
  • SB +52 3911 +41 3882
  • SBM +105 2770 +107 2795
  • CBOT
  • Esbo Aug +0.24 33.28
  • Esbn Aug +16.75 963.75
  • Esbm Aug +6.20 312.40
  • CBOT Soyoil Share Aug 34.75%
  • ENERGY
  • Crude Aug +0.15 46.19
  • Gasoil Jul +5.25 441.75
  • Brent Sept +0.10 48.87
  • POGO Nov +128
  • Palm oil BMD (3rd month) Sept +37 2496
    Hi 2504 Lo 2487
    Vol 18,165 lots

    MSIAN OLN
    Augsept 630 v 617.5
    OND 610 v 606
    JFM 617.5 v 616
    AMJ 625 v 622.5
    JAS 620 v
    OND 615 v

    INDON CPO
    July dated 655 v
    Aug 635 v 610 (4.5%)
    Sept 625 v
    OND 615 v

    LCL MSIA CPO
    Jul DLVD 2690

    LCL MSIA STEARIN
    Jul DLVD 615

    LCL MSIA PFAD
    Jul DLVD 617.5

  • 6 ports Europe SFO July 795 vs 780, A/S 797.50 vs 785, OND 800 vs 792.5- , JFM 807.5 vs 800, MJ 817.50 vs 810 , JAS 827.50 vs 810
  • Black Sea  Sunflower oil JAS OND 745 vs 737.50 for OND
  • Russian sunflower oil offered for near by 720 vs –
  • Spain offered at USD 795 vs –
  • Italy offered at USD 790 vs –
  • CIF India offered for  AUG 797.50 vs 785  and SOND 800 vs 785
  • Turkey offered at USD 790 vs –
  • Currency  INR 64.81, Euro 1.1376, Rub 59.27 and RM 4.29

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

Veg oil complex is looking positive today ahead of USDA and also bio fuel mandate. Palm though will have to look at export numbers and the current rally might be short lived. Ukraine sunflower oil sellers and Indians are bracing for the GST Impact and a lot of confusion creating a supply gap to the end consumer. We expect things to stabilize in a fortnight and we can again see demand picking up. Indians are also bidding for new crop sunflower oil around USD 770 and may pay 775 however sellers best coming at USD 790.  Over all prices are in narrow range and lack lustre demand.

 

  • Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO = 5234 +10 5062
  • BO +44 5922 +42 6058
  • SB -1 3850 -3 3838
  • SBM -6 2656 -7 2684
  • CBOT
  • Esbo Jul +0.12 32.24
  • Esbn Jul  +5.75 919.75
  • Esbm Jul +1.30 295.90
  • CBOT Soyoil Share Jul 35.27%
  • ENERGY
  • Crude Aug +0.06 44.94
  • Gasoil Jul +3.75 431.25
  • Brent Aug +0.17 47.48
  • POGO Nov +131
  • Palm oil BMD (3rd month) Sept +14 2454
  • Hi 2459 Lo 2447
  • Vol 9,061 lots
  • MSIAN OLN
  • OLN
  • Aug 627.5 v
  • AS 622.50 v 612.5/15
  • Sept 615 v
  • OND 599 v 597.5
  • JFM 610/07.5 v 606
  • AMJ 616.5 v 612.5
  • JAS 610 v 605
  • OND 605 v 597.5
  • INDON CPO
  • Jul ? v 635 (4.5% max ffa)
  • Aug 625 v 605 (4.5% max ffa)
  • Sept 617.5 v 595 (4.5% max ffa)
  • OND 605 v 592.5 (4.5% max ffa)
  • LCL MSIA CPO
  • June DLVD 2660
  • LCL MSIA STEARIN
  • July DLVD 612.5
  • LCL MSIA PFAD
  • July DLVD 615
  • 6 Ports Europe sunflower oil seller A/S 782.50, Sept 782.50 vs 775, OND 787.50 vs 780, JFM 792.50 vs 785 and AMJ 802.50
  • Black Sea sunflower oil JAS 735 vs –, OND 738 vs 730, JFM no offers
  • Russian sunflower oil offered at USD 700 for spot oil
  • Spain offered at USD 780 vs – and they should buy something as Euro strengthens
  • Italy offered at USD 775 vs –
  • India offered for July 785, ASOND 790 indicatively.
  • Turkey offered USD 775 vs –

Currency INR 64.41, Rub 59.09 , Euro 1.1405,and RM 4.29

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

Veg oil markets are mixed bag with little support from demand and usual dullness before the USDA. Beans are finding it comfortable in USD 9 range and it appears that a lot of weather needs to be traded in the current market. India too is not having a great monsoon (so far) and a big tax reform GST is just round the corner which is pushing retailers to empty their inventories and not letting them buy anything new. Veg oil demand for OND is coming in from India at lower levels. Middle East, Turkey and other destinations are busy celebrating EID and we don’t expect any major demand from there in coming week. Ukraine sunflower oil FOB offered for nearby 732.50 with little demand, AUG – Sept offered 735.0 .

 

  • Palm oil- closed
  • 6 ports Europe SFO opening June 770, July 770, JAS 775, Aug 777.5 , Sept 780 and OND 780 vs 770
  • Black Sea sunflower oil offered July 732.5 vs – AUG/ Sept 735 vs – and OND 740 vs –
  • Russian sunflower oil offered at USD 710 for near by
  • Spain offered 775 vs –
  • Italy offered at USD 770 vs –
  • India offered  July 785, Aug 790 and SOND 792.50 vs –
  • Turkey – Not offered
  • Currency RM 4.29, INR 64.47, Euro 1.1261 and Rub 58.91