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

Volatile markets as we see palm opening lower and struggling to come back in to green. Most of the international traders and speculators have lost hope of  an immediate rebound and expect the prices to remain soft . Does this give enough reason for all of us to be bullish again ? Farmers in India are protesting for the prices of soybeans they are getting in local market yards and this would mean that government or market on its own will have to do something about it. So far most of the Indian commodities are trading at a disparity and are suffering with higher port stocks.   On other hand palm is coming up with new variety which improve the yields and eventually supplies. Ukraine sunflower oil sellers are seeing little demand from destinations and prices are aggressively offered just to catch hold of any one bidding close. India is rumored to have traded for June at aggressive price levels of USD 780 and demand for Aug Sept also is around the same price levels looking at firm basis on bean oils. Monsoon has hit India well before time and a good monsoon will be over all good for Industry and farmers alike.

 

– Mkt Midday Closing:

DALIAN Sep/Jan

PO -124 5290 -104 5040

BO -138 5728 -136 5902

SB -90 3753 -76 3767

SBM -79 2627 -72 2665

 

CBOT

Esbo Jul -0.08 31.34

Esbn Jul +1.50 914.25

Esbm Jul +0.60 298.20

CBOT Soyoil Share Jul 34.45%

 

ENERGY

Crude Jul -0.30 49.35

Gasoil Jun +2.25 457.25

Brent July -0.19 51.65

POGO Oct +95

 

– Palm oil BMD (3rd month) Aug +5 2509

Hi 2518 Lo 2482

Vol 26,782 lots

 

MSIAN OLN

July 684 v 680

JAS 643 v 640

AS 622.5 v 615/17.5

OND 596/95 v 593

JFM 605 v 602.5

AMJ 612.5 v 605

 

INDON CPO

Jun 687.5 v

Jul 667.5 v

Aug 635 v

Sep 615 v

OND 605 v

 

LCL MSIA CPO

June DLVD 2820

 

LCL MSIA STEARIN

June DLVD 625

 

LCL MSIA PFAD

June DLVD 625

 

OTHER INFO

May 1-31 Days ITS:  1,306,374mt v 1,125,942mt (+180,432mt, +16.02%)

 

– 6 ports Europe sfo opening june 785, july 785, JAS 785, OND 790 , JFM 800 and AMJ 815 sellers

– Black Sea Ukraine FOB SFO June 735, JAS 743 vs 735, OND 745 vs —

– Russian sunflower oil offered at USD 710

– Spain offered at USD 785 vs —

– Italy offered at USD 780 vs–

– India CIF Landed weight offers  June offered 780 , JAS 790 vs 780,

– Turkey offered at USD 775 vs –

– Currency INR 64.511, UAH 26.32, Rub 56.7125, RM 4.28 and Euro 1.115

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

Ukraine plants sunflower seed crop in larger area then previous year with good pace and thus removing any doubts about lesser crop for next oil year. Soybeans and soybean meal still touching new lows after the long weekend.  Weather still shows some decent conditions to get the crop planted, no major fears over the long weekend.  The little drier forecast has traders leaning on more soy to be planted .  Palm is down again today , as traders expect lesser demand due to RAMADAN month. Most of the buyers have already stocked the oil and is being consumed now. Palm pre lunch session for down over 1.5% which in now recovered a bit to show marginal lows only. Indian markets are very stable with limited price volatility and thus we don’t see any major activity , neither in cash nor in futures.  Sunflower oil demand from India is going to come only for JAS and that too around 770-775 lvls. So far India has already imported 1.35 million MT of Sun oil and China though started aggressive but then limited its volume to only 350k so far in this oil year. As per our initial estimates India is on its way to Import about 1.8 million MT of sun oil in  this oil year and this figures will be increased for new crop to about 2 million MT which is where we will find base demand from India (provided sunflower oil remains at par to marginal premium over bean oil ).

 

– Mkt Midday Closing:

 

DCP closed to observe dragon boat festival holiday

 

CBOT

Esbo Jul -0.10 31.50

Esbn Jul -2.75 923.75

Esbm Jul -0.50 301.30

CBOT Soyoil Share Jul 34.32%

 

 

ENERGY

Crude Jul +0.10 49.90

Gasoil Jun -2.25 464.00

Brent July -0.11 52.18

POGO Oct +89

 

– Palm oil BMD (3rd month) Aug -27 2489

Hi 2532 Lo 2487

Vol 16,920 lots

 

MSIAN OLN

July 677.5 v 676

JAS 637.5 v 635

AS 615 v 612.5

OND 592.5 v 587.5

JFM 600 v 597.5

AMJ 607.5 v 600

 

INDON CPO

Jun 680n v
Jul 662.5 v

 

LCL MSIA CPO

June DLVD 2810

 

LCL MSIA STEARIN

June DLVD 625

 

LCL MSIA PFAD

June DLVD 625

 

 

– 6 ports Europe Sfo ond 797.5 v 790 jfm 807.5 amj 820

– Black Sea sunflower oil offered June 740, JAS 743 vs 735, OND 745 vs —

– Russian sunflower oil offered at USD 710 vs —

– Spain offered at USD 785 vs —

– Italy offered at USD 780 vs —

– India offered for June 785, JAS 795 and OND 800 indicatively

– Turkey offered at USD 775 vs —

– Currency INR 64.64, Rub 56.49, Euro 1.1152 and RM 4.2815

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

Monday morning , US holiday and Palm starting with a dull note makes and already dull day uneventful so far. Ukraine black sea opens to unchanged levels as most of the plants are planning their scheduled maintenance or switching to  rape seed processing giving some support to sunflower oil and meal prices. Indians are not keen buyers and with the GST around the corner  traders and businessman are not planning to carry huge inventories. Stocked oil is being consumed and fresh demand will only come for JAS months if the CIF India prices come around 780-785 levels . Coming USDA is not expected to be bullish and thus won’t be able to influence the current prices.

 

– Mkt Midday Closing:

 

DCP closed to observe dragon boat festival holiday

 

Cbot closed to observe US Memorial Day Holiday

ENERGY

Crude Jul -0.13 49.67

Gasoil Jun +1.25 462.50

Brent July -0.05 52.10

POGO Oct +96.49

 

-Palm oil BMD (3rd month) Aug -31 2524

Hi 2549 Lo 2522

Vol 11,179 lots

 

MSIAN OLN

July 690/87.5? v 680

JAS 645 v 640

Aug 645 v

AS 625 v 620

OND 600 v 595/97.5

JFM 608 v 602.5

AMJ 612.5 v 607.5/09

 

INDON CPO

July 665 v

 

LCL MSIA CPO

June DLVD 2850

 

LCL MSIA STEARIN

June DLVD 640

 

LCL MSIA PFAD

June DLVD 635

 

– 6 Ports Europe  sfo opening june 790 july 790 jas 792.5 ond 800 jfm 805 amj 817.5

– Black Sea sunflower oil FOB Ukraine June 742.50, JAS 745 vs 740 (may be), OND 750 vs 730 indicatively.

-Russian sunflower oil FOB offered USD 710 vs —

– Spain offered at USD 785 vs —

– Italy offered at USD 780 vs —

– CIF India prices June 790  JAS  795 and OND 800 vs —

-Turkey offered at USD 775 vs —

– Currency INR 64.54, RM 4.27, UAH 26.38, Rub 56.51 and Euro 1.11

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

Veg oil market is under pressure as funds still remains net sellers. Most of the markets were closed yesterday and CBOT will remain closed on Monday.  This means  we see less activity today and same might be the case on Monday too. China is rumored to have cancelled few shipments of soybean seed from US and may buy the same as a replacement from Brazil. Indians are struggling with the disparity and are selling local oil at negaitve margins however today sunflower oil is less active. Ukraine FOB sellers are offering 745 for JAS and OND with limited buyers.

 

–  Mkt Midday Closing:

DALIAN Sep/Jan

PO -58 5392 -64 5126

BO -92 5834 -88 6008

SB -27 3829 -30 3833

SBM -39 2694 -41 2724

CBOT

Esbo Jul -0.18 31.86

Esbn Jul -3.50 936.00

Esbm Jul -0.50 304.20

CBOT Soyoil Share Jul 34.57%
ENERGY

Crude Jul -0.37 48.53

Gasoil Jun -15.75 458.75

Brent July -0.25 51.21

POGO Oct +110

 

– Palm oil MSIAN OLN

Jun 715n v

Jul 690 v 685/87.52

JAS 650 v 648

AS 632.5 v

OND 606.5 v 605

JFM 614 v 611

INDON CPO

Jun 700 v 685
Jul ? v 660

 

LCL MSIA CPO

May DLVD 2880

 

LCL MSIA STEARIN

June DLVD 640

 

LCL MSIA PFAD

June DLVD 635

 

– 6 ports Europe SFO Opening seller May 795, June 795, JAS 795 , OND 800, JFM 810 and AMJ 820

– Black Sea sunflower oil offered JAS 745 vs 740, OND 745 vs —

– Russian sunflower oil offered at USD 715 vs —

– Spain offered at USD 785 vs–

– Italy offered at USD 780 vs —

-India offered JAS 795 and OND 800 indicatively

– Turkey offered at USD 775 vs —

-Currency UAH 26.38, Euro 1.12, MR 4.27, Rub 56.74 and INR 64.48

 

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

Early trading remains mixed- feels quiet.  Corn remains up 1 cent, wheat mixed, MATIF up .25 euros, rapeseed up .50 euros, soy up 2 cents, meal up .3, oil mixed, palm down 40 pts, crude +.7%, Euro 1.1199, USD RUB 56.30, USD UAH 26.26, USD LIRA 3.56, USD PESO 16.08, USD REAL 3.26.

 

Soybeans remain mixed.  Crude oil is supported because of opec cutting down their production and this should have supported veg oils as well but then there is news of USA releasing their own buffer stocks of crude oil in markets . Ukraine sunflower oil sellers are still holding on to the previous levels and offering sunflower oil at USD 750 for JAS against buyers hinting to buy around 740 levels. Indians are not keen buyers and are holding on to the stocks and selling on need basis as its in disparity. Current levels though are supported but are not imparting any clear direction. Prices to remain range bound and trade to remain lack luster.

 

– Mkt Midday Closing:

DALIAN Sep/Jan

PO -90 5440 -86 5180

BO -100 5886 -100 6058

SB +12 3838 +15 3852

SBM -33 2712 -27 2745

 

CBOT

Esbo Jul -0.12 32.22

Esbn Jul -3.75 944.50

Esbm Jul -0.50 305.80

CBOT Soyoil Share Jul 34.50%

 

ENERGY

Crude Jun -0.13 32.21

Gasoil Jun -4.00 944.25

Brent July -0.50 305.80

POGO Oct +87

 

– Palm oil

BMD (3rd month) Aug -25 2592
Hi 2596 Lo 2581

Vol 15,164 lots

 

MSIAN OLN
Jun 720 v

Jul 690 v 682.5

JAS 655 v 650/52.5

AS 635 v 630

OND 608 v 606

JFM 615 v 610

INDON CPO
July 670 v 660

LCL MSIA CPO
May DLVD 2910

LCL MSIA STEARIN
June DLVD 640

LCL MSIA PFAD
June DLVD 632.5

– 6 ports Europe SFO May , June, July 792.5, JAS a/s 795 vs 785, OND 805, JFM 810 and AMJ 822.5

– Black Sea sunflower oil FOB June 745, July 747.50, AS 750 vs 742.50 buyers

– Russian sunflower oil offered at USD 720 vs —

-CIF India offered 793 for June , and JAS OND 800 vs —

– Spain offered 790

-Italy offered at USD 785

– Turkey offered at USD 775 vs —

– Currency INR 64.81, UAH 26.2650, Rub 56.4353 and RM 4.29

 

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

Its a crude oil rally as Russia and other countries join to decide production cut which should be finalized in veinna . Soft oils are supported and Specially Sunflower oil . Ukraine sunflower oil producers are not in a mood to discount the oil and sell more. Most of the plants are either preparing for maintenance or contemplating to process Rape seed crop and offer Rape seed oil. We also see sellers from Ukraine offering us Rape seed oil for the month of July and calculating parities. India on other hand is seeing more buyers in local oil at reduced levels. Importers and traders both are aggressive in reducing their own stock and are still selling oil at disparity. This is the main reason why we don’t see any more fresh demand from India and if things continue to look bright on the exchanges and bean oil then we will have  buyers for JAS back in market.

 

  • Mkt Midday Closing:

DALIAN Sep/Jan

PO +4 5492 +24 5292

BO +52 6034 +52 6200

SB -19 3761 -18 3791

SBM -23 2764 -23 2786

 

CBOT

Esbo Jul +0.20 33.22

Esbn Jul -0.50 964.75

Esbm Jul -0.70 311.80

CBOT Soyoil Share Jul 34.76%

 

ENERGY

Crude Jun +0.16 49.01

Gasoil Jun -3.00 456.00

Brent July +0.11 51.93

POGO Oct +123

 

  • Palm oil BMD (3rd month) Aug -2 2607

Hi 2612  Lo 2600

Vol 13,932 lots

 

MSIAN OLN

Jun 705 v 695

Jul 675 v 665

JAS 650 v 647.5

OND 617.5 v 615

JFM 625 v 620
INDON CPO
June 695n v
LCL MSIA CPO
May DLVD 2890

LCL MSIA STEARIN
June DLVD 625

LCL MSIA PFAD
June DLVD 625

  • 6 ports Europe sfo may 797.5 june 797.5 jas 805 v 790 ond 805 v 795 jfm 812.5 v 802.5 amj 825
  • Black Sea sunflower oil FOB June 750 vs 740, July 755 vs 742.50, AS 755 vs –, OND Not offered vs 740 buyers.
  • Russian sunflower oil offered USD 710 vs —
  • Spain offered at USD 790 vs —
  • Italy offere dat USD 785 vs —
  • CIF India 800 for June,  jas and ond at 805 vs — indicatively . local India market traded Kakinada 59300, Chennai 59500 and now offered  60000 at both the places
  • Turkey offered at USD 785 vs —
  • Currency INR 64.10, Euro 1.1032, Rub 56.35, UAH 26.45 and RM 4.3195

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

India wakes up to allowing of G M mustard seed and its cultivation. Industry is excited with this and are hopeful of having more clarity around this. Veg oil markets are stable with Ukraine projecting lesser area for next crop, with India having very high temperatures and a possible lower then normal monsoon.  Stocks with importers of sunflower oil are enough and things will take one or two months more before they start looking better which will keep domestic markets in disparity only. Soybean holds the key and if bean oil rallies on the back of weather or bio fuel mandate then only we can see further gains in the complex.

 

Have a great weekend.

 

  • Mkt Midday Closing:

DALIAN Sep/Jan

PO  +50 5464 +54 5270

BO +30 5954 +32 6122

SB -19 3789 -13 3817

SBM -19 2809 -20 2826

 

CBOT

Esbo Jul -0.02 32.47

Esbn Jul -2.75 963.50

Esbm Jul -0.70 314.20

CBOT Soyoil Share Jul 34.27%

 

ENERGY

Crude Jun +0.11 47.93

Gasoil Jun +0.75 449.75

Brent July +0.06 50.83

POGO Sept +126

  • palm oil BMD (3rd month) Jul -3 2669

Hi 2675 Lo 2656

Vol 13,910 lots

 

MSIAN OLN

June 695 v

July 667.5 v

JAS 645 v 640

OND 612.5 v 607.5

JFM 622.5 v 615

AMJ 625 v 617.5s

INDON CPO
Jun ? v 670
LCL MSIA CPO
May DLVD 2860

LCL MSIA STEARIN
May DLVD 615

LCL MSIA PFAD
May DLVD 620

  • 6 ports Europe  Sfo opens may 795 june 795 jly 797.5 v 790 jas 800 ond 802.5 jfm 810 amj 822.5
  • Black Sea sunflower oil June 745, July 747.50 vs 740, AUG /SEPT 750 vs —, OND 750 vs —
  • Russian sunflower oil offered at USD 710 vs —
  • Spain offered at USD 785 vs —
  • Italy offered at USD 780 vs —
  • India Sunflower oil offered at June  : 800 , JAS : 805 and OND 800 vs —
  • Turkey offered at USD 780 vs —
  • Currency INR 64.31, UAH 26.48, Rub 57.27, RM 4.34 and Euro 1.0869