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

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

Veg oil markets are not moving much and the demand and supply seems to balance each other at the moment. Indians are not very keen for buying and pricing is happening on need base.  Once again there is momentary demand for nearby and traders not very keen to discuss forward sunflower oil prices as they are quoted at a premium to near by sunflower oil. Bean oil on the other hand is at a discount and will be traded better in India. Ukraine sunflower oil which is showing good supply potential for new crop will have to trade at a discount to old crop sunflower oil and also new crop Soy bean oil , in order to make buyers in India and middle East interested.  Palm is showing slower export pace and thus bearish sentiments to remain intact price however to continue trade with in the narrow range.

 

  • Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO -62 5304 -38 5112
  • BO -70 5844 -68 6012
  • SB -20 3891 -12 3895
  • SBM -8 2696 -6 2729
  • CBOT
  • Esbo Jul -0.02 32.80
  • Esbn Jul -1.50 936.25
  • Esbm Jul -1.00 300.50
  • CBOT Soyoil Share Jul 35.31%
  • ENERGY
  • Crude Jul +0.12 44.22
  • Gasoil Jul +2.75 421.25
  • Brent Aug +0.05 46.96
  • POGO Nov +138
  • Palm oil BMD (3rd month) Sept -25 2463
  • Hi 2477 Lo 2462
  • Vol 11,249 lots
  • MSIAN OLN
  • Jul 670 v dated 655
  • Aug 635 v 630
  • AS 625 v 620
  • Sept 615 v
  • OND 604 v 602
  • JFM 615/12.5 v 610
  • AMJ 617.5 v 615
  • JAS  612.5/10 v
  • OND 610 v
  • INDON CPO
  • Jul ? v 652.5
  • Aug 632.5 / 10th onw 630 v 617.5
  • Sept 622.5 / 10th onw 620 v 605
  • LCL MSIA CPO
  • June DLVD 2730
  • LCL MSIA STEARIN
  • July DLVD 617.5
  • LCL MSIA PFAD
  • July DLVD 615
  • 6 Ports Europe  SFO Jul 775, JAS 785, OND 790 and JFM 800
  • Black Sea sunflower oil JAS 737.50 vs 730, OND 742.50 vs –
  • Russian sunflower oil 710 vs –
  • Spain offered at USD 782.50 vs –
  • Italy offered at USD 780 vs –
  • India Sunflower oil offered July 795, ASOND 800 and Argie oil offered 770 tentatively.
  • Turkey offered at USD 765 vs –
  • Currency INR 64.44, Euro 1.1159, UAH 26.05, Rub 58.72 and RM 4.28.

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

Veg oil markets are unchanged once again today. It seems that markets have dried up of any bullish news. Interest rates, Weather, Crop and acreage are only factors for discussing. Ukraine sunflower oil sellers are asking 735 for JAS and buyers are only for AS at 730. Indian markets are showing various levels of sunflower oil rumours have that the offers for nearby were as aggressive as 775 which we can’t confirm. With us we see sellers July 780, AS 790 and OND 790. Locally it’s the same story with high stocks at east coast prices are at a discount and west coast still are paying premium to East. Demand to remain dull and in the narrow range.

 

  • Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO = 5232 +22 5042
  • BO = 5828 +2 5990
  • SB +12 3961 +14 3924
  • SBM -22 2654 -20 2693
  • CBOT
  • Esbo Jul = 32.09
  • Esbn Jul -1.25 930.50
  • Esbm Jul -0.30 301.50
  • CBOT Soyoil Share Jul 34.73%
  • ENERGY
  • Crude Jul = 44.68
  • Gasoil Jun +1.25 420.00
  • Brent Aug +0.06 47.06
  • POGO Nov +135

Palm oil BMD (3rd month) Aug +2 2458

Hi 2460 Lo 2440

Vol 24,026 lots
MSIAN OLN

Jul 657.5 v 650

JAS 632.5 v 625

Aug 627.5 v

AS 617.5 v 612.5

Sept 607.5 v

OND 600 v 595

JFM 610 v 604

AMJ 615 v 609

 

INDON CPO

Aug 10th onw 625 v

Sept 10th onw 615 v

OND 600/597.5 v 596

 

LCL MSIA CPO

June DLVD 2720

LCL MSIA STEARIN

July DLVD 612.5

LCL MSIA PFAD

  • July DLVD 610
  • 6 ports Europe June , JAS 780, OND 790, JFM 800 and AMJ 810
  • Black Sea sunflower oil JAS 735 vs 730, OND 735 vs 725, JFM 740 vs 725
  • Russian sunflower oil offered at USD 710 vs –
  • Spain offered at USD 780( vessel from small port of Ukraine also offered at USD 775)
  • Italy offered at USD 775 vs –
  • India offered for July 780, AS 790, OND 790 indicatively
  • Turkey offered at USD 770 vs—

Currency INR 64.31, RM 4.25, Rub 57.41, and Euro 1.1181

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

Time to flip a coin I guess and be bold in deciding aggressively for Sunflower oil. Acreage for sunflower seeds is higher by 700k which would mean that the new crop next year won’t be smaller than the current year. This would make sunflower oil trade once again at a discount to bean oil which is being offered at USD 720 for OND without any major buying support.  Indian markets are once again trade less with GST round the corner traders and stockiest rushing to clean the stocks in hand and transit. Fresh demand to come only in the month of Aug and around festival time. Ukraine sunflower oil sellers are offering FOB 735 for JAS and 730 for OND with buyers about USD 5-10 lower. No fresh commitments for cargoes today but India is firmly offered July 795 and AS 790.

 

  • Mkt Midday Closing:
  • DALIAN Sep/Jan
  • PO -30 6244 -20 5026
  • BO +18 5844 +26 6008
  • SB -9 3940 -7 3909
  • SBM +21 2677 +17 2712
  • CBOT
  • Esbo Jul +0.05 32.14
  • Esbn Jul +1.50 934.00
  • Esbm Jul +0.30 301.80
  • CBOT Soyoil Share Jul 34.75%
  • ENERGY
  • Crude Jul +0.05 46.00
  • Gasoil Jun +2.50 428.50
  • Brent Aug -0.42 48.30
  • POGO Oct +125

Palm oil BMD (3rd month) Aug +8 2440

Hi 2443 Lo 2432

Vol 14,366 lots

 

MSIAN OLN

July PG 657.5/55 v 652.5

JAS 627.5 v 625

AS 615 v 610

OND 597.5 v 593

JFM 607.5 v 605

AMJ 612.5 v 607.5

 

INDON CPO
LH July 655 v 10th onwards 640

Aug 10th onwards 625 v

Sept 10th onwards 610 v

 

LCL MSIA CPO

June DLVD 2710

 

LCL MSIA STEARIN

July DLVD 612.5

 

LCL MSIA PFAD

July DLVD 607.5

 

 

  • 6 ports Europe SFO Opening seller June July and JAS 782.50, OND 787.5, JFM 797.5 , AMJ 810
  • Black Sea sunflower oil FOB JAS 735 vs 727.50, OND 730 and JFM 735 vs –
  • Russian sunflower oil offered at USD 710 vs –
  • Spain offered USD 775 vs –
  • Italy offered USD 770 vs –
  • CIF India offered July 785, Auf 790, SOND $ 792,50
  • Turkey offered at USD 770 vs –
  • Currency INR 64.24, UAH 26.0392, UAH 57.04, Rub 56.99