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

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