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

Veg oil markets once again went down as its raining is some part of IOWA and its scattered . Though its still 4th of Aug and we will need the rains in full month that too widespread but having just rains take out Aug premiums and shakes funds confidence. Bean oil basis have improved a lot and we saw it jumping to +50 in the end flat price bean oil was only down USD 4 and same is the story with Sunflower oil. Ukraine sunflower oil sellers started offering USD 760 for OND and we heard some trades at 755 yesterday. Today the sellers are showing 756 against the buyers at 750 may pay 751 . Indians are looking to buy some cargo for SOND JFM but the levels offered to India are closer to 810 mark.

 

  • Palm oil Midday Market Close
  • Bmd: 2605 (+1)
  • H2611/L2598
  • Vol: 12,063
  • oln:
  • Aug (deld) 645 vs 640
  • Sep 637.5 vs  632.5
  • Ond 637.5 vs 635 trd 637.5
  • Jfm 650 vs 645
  • Amj 655 vs 650
  • rbdpo: -10
  • strn: Sep 620 (deld)
  • pfad: Sep 610 (deld)
  • Local cpo: Aug 2610
  • Indon cpo:
  • Aug 640
  • Sep 640
  • Ond 642.5
  • laurics:
  • cpko: Aug 276
  • rbdpko: Aug 1170
  • rbdpkoln: Aug 1055
  • rbdpks: Sep 1530
  • Rm 4.275
  • Crude Oil : Sep 48.93
  • Ace : +4 +2
  • Dce: Sep 5384 (-50) Jan 5332 (-40)
  • 6 ports Europe Sfo Aug 792.5 v 785 sept 795 v 787.5 ond 805 v 795 jfm 812.5 v 805 amj 825
  • Black Sea sunflower oil Offered OND 756 vs 752, JFM 760 vs –
  • Russians sunflower oil offered at USD 750 vs –
  • Spain offered at USD 810 vs –
  • Italy offered at USD 805 vs –
  • CIF India offered SOND 815 may do 812.50 vs Buyers at 800, JFM offered 815 vs buyers again at 800
  • Turkey offered at USD 800 vs –
  • Currency INR 63.69, Euro 1.1885, Rub 60.379, RM 4.27

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

Cooler temperatures and forecast of rains in US forced funds to take out Aug premiums from the market. Beans are not holding at 200 days MA and also technically they are likely to test 9.58. Bean oil also got corrected and we expect the market to trade 32 before jumping back to 34.50 and then to 36 levels. Ukraine sunflower oil conditions are good to normal and we expect similar crops like last year. Sunflower oil will be behaving independent of other oils and down side will be limited . Demand side is perfectly balanced as India poised to import 2 million Mt for the Oil year 2017-2018. USD is facing the heat and is at its lows. Currencies like Euro , RM and Indian INR are appreciating and today Rupee is at its strongest levels from 2015 this should give some boost to the importers. Buyer for sunflower oil are aiming for USD 800 level against the sellers mostly at 815 CIF India.

 

  • Palm oil Midday Market Close
  • Bmd: 2621 (-33)
  • H2639/L2617
  • Vol: 21,656
  • oln:
  • Aug 650 (deld)
  • Sep 640 vs 635
  • Ond 640 vs 637.5 trd 640-638
  • Jfm 650 vs 647.5
  • Amj 655 vs 650 trd 652.5
  • rbdpo: -10
  • strn: Sep 620 (deld)
  • pfad: Sep 610 (deld)
  • Local cpo: Aug 2650
  • Indon cpo:
  • Aug 645
  • Sep 645
  • Ond 645
  • laurics:
  • cpko: Aug 279
  • rbdpko: Aug 1185
  • rbdpkoln: Aug 1070
  • rbdpks: Sep 1540
  • 6 ports Europe SFO Opening Aug/Sept 807.50, OND 810, JFM 820 , AMJ 830 and JAS 840
  • Black sea sunflower oil OND 765 vs 750, JFM 770 vs
  • Russian sunflower oil offered at USD 750 vs 740
  • Spain is offered at 812 vs 800
  • Italy is offered at 807.50 vs –
  • CIF India offers for Sept 812.50, OND 815 and JFM 817.50
  • Turkey offered at USD 800 vs –
  • Currency INR 63.84, Euro 1.1856, Rub 60.577, and RM 4.28

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

USD is getting weaker and weaker giving strength to most of the currencies . Crude oil on the other hand is getting strong and we see it touching 50 again. Emerging markets are performing better and even though we have global tensions we see stock markets and commodity exchanges performing well.  Aug is the key month for Soybeans and cooler temperatures and forecast of rains weigh highly on sentiments. Its still to be seen how much rain actually will come and till that time longs will keep holding on to their positions. Ukraine sunflower oil is firm with new crop sellers asking for a price of USD 760 and above. We feel that there is no crop damage or adverse weather situation in Ukraine and we should easily get good crop and CSFO should remain at a discount to bean oil which currently is trading at par or slight premium. Indians have shown good interest to buy local sunflower oil and as we approach festive season we feel the demand should pick up. Prices in domestic markets have improved but the disparity remains making USD buyers and refiners bid lower . Stockiest are releasing their oils in market to cash in and this should keep oils in disparity till End of this month.

 

 

Palm oil Mkt Midday Closing:

DALIAN Sep/Jan

PO +76 5562 +44 5490

BO +58 6186 +64 6354

SB +5 2707 +6 3865

SBM +3 2845 -6 2842

 

CBOT

Esbo Dec -0.05 35.08

Esbn Nov -9.25 998.00

Esbm Dec -3.60 321.80

CBOT Soyoil Share Dec 35.15%

 

ENERGY

Crude Sept +0.09 50.26

Gasoil Aug +5.75 494.75

Brent Sept -3.60 321.80

POGO Dec +139

 

FX

EUR 1.1831

CNY 6.7192

MYR 4.2775

SGD 1.3556

INR 64.1362

IDR 13315

 

BMD (3rd month) Oct -7 2668

Hi 2690 Lo 2667

Vol 17,670 lots

 

MSIAN OLN

Sept 652.5 v

OND 652.5 v 647.5

JFM 660 v 655

AMJ 665 v 657.5

JAS 655 v 647.5

INDON CPO

LH Aug 650 v

Sep 650 v

OND 650 v

LCL MSIA CPO

Aug DLVD 2680

 

LCL MSIA STEARIN

Aug DLVD 630

 

LCL MSIA PFAD

  • 6 ports Europe  Sfo starting out Aug/Sep 807.5 v 785 ond 815 v 800 jfm 825 v 812.5 amj 835 jas 845
  • Black Sea sunflower oil AS 762.50 vs 755, OND 767.50 vs 760, JFM 770 vs –
  • Russian sunflower oil offered at USD 750 for near by
  • Spain offered for New crop 812.50 vs –
  • Italy offered for New crop at USD 807.50 vs –
  • Indian markets offered Sbo:Aug : -40 , Sep : -50 , OND : -20 and Sun: SOND : 825
  • Turkey is offered at USD 800 vs –

Currency INR 64.09, RM 4.278, Euro 1.1818 and Rub 59.987

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

Its appears to be a numerological day as MDEX holds on Midday close at 2686 for all positions and bean oil contracts are showing a 10 points spread in all the months. Chinese funds are still in the market and holding on the longs.  Weather in US is forecasted to be drier and hot and thus Aug premiums are added back to the price . Ukraine sunflower oil sellers are very firm with prices jumping to USD 760 on buy side. India too is looking for cargoes and sellers have increased their offer price. Domestically the markets are firm and trade is happening at 60,000 across all ports of India.  Not a usual Monday as good business is seen in domestic markets of India.

 

  • Palm oil Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO +42 5506 +54 5470
  • BO +18 6150 +14 6306
  • SB -17 3788 -10 3851
  • SBM -9 2828 -15 2836
  • CBOT
  • Esbo Dec -0.16 34.86
  • Esbn Nov -14.00 999.00
  • Esbm Dec -5.50 323.00
  • CBOT Soyoil Share Dec 34.94%
  • ENERGY
  • Crude Sept +0.20 49.91
  • Gasoil Aug +8.50 493.50
  • Brent Sept +0.30 52.82
  • POGO Dec +144
  • FX
  • EUR 1.1733
  • CNY 6.7275
  • MYR 4.2790
  • SGD 1.3579
  • INR 64.0862
  • IDR 13326
  • BMD (3rd month) Oct +31 2686
  • Hi 2705 Lo 2682
  • Vol 13,358 lots
  • MSIAN OLN
  • Sept 657.5 v 652.5
  • OND 655 v 650
  • JFM 662.5v 657.5
  • AMJ 667.5 v 662.5
  • JAS 657.5 v 647.5
  • INDON CPO
  • LH Aug 655 v
  • Sep 657.5 v
  • OND 655 v
  • LCL MSIA CPO
  • Aug DLVD 2700
  • LCL MSIA STEARIN
  • Aug DLVD 635
  • LCL MSIA PFAD
  • Aug DLVD 630
  • OTHER INFO
  • Jul 1-31 Days ITS:  1,239,407mt v 1,190,583mt (+48,824mt, +4.10%)

6 ports Europe Sfo opens seller ond 810 jfm 820 amj 830 jas 840

  • Black Sea sunflower oil AS 760 vs –, OND 765 vs 750, JFM 770 vs 750 buyers
  • Russian sunflower oil offered at USD 750 vs –
  • Spain offers for New crop USD 810 v –
  • Italy offered for New Crop USD 805 vs –
  • CIF India A/S 815, OND 820 vs –
  • Turkey offered at USD 800 vs –
  • Currency INR 64.11, Euro 1.1740, RM 4.278, Rub 59.579

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