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

Veg oil market is very quiet today as Malaysia and India are on holiday. Palm is not giving any direction but the undercurrent appears to be firm. Demand in local India is on the rise and we do see trades happening just around the offered prices. Ukraine sunflower oil prices are mostly unchanged to yesterday and we can call today a repeat of yesterday.

 

  • Palm Oil- Closed today
  • 6 ports Europe SFO opens May 800 June 800 JAS 805 OND 805 JFM 815 AMJ 825
  • Black Sea sunflower oil Fob Ukraine June / July 750 vs 742.50. A/S 755 vs –.
  • Russian sunflower oil offered at USD 700 vs —
  • Spain offered at USD 795 vs —
  • Italy offered at USD 790 vs —
  • India Sbo: May : 100n  , June : 60n , July :-10n , AS: -90
  • India Sun: J : 800 , JAS : 805 Argie sun may : 775
  • Turkey offered at USD 785 vs —
  • Currency INR 64.65, UAH 26.46, Rub 57.9723, RM 4.3470, and Euro 1.0870

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

Palm after opening lower has recovered and is showing about 1.5% higher prices. Bean oil too is very close to sunflower oil prices which should give some support to sun oil and also destinations like India and China again preferring some sunflower oil. Demand is good and we have seen buyers looking for nearby local cargo in India and also price for JAS are being talked. It appears that prices should find some support here and will wait for weather and biofuel mandate for further rally. Most of the Ukraine is closed on occasion of Victory Day and will only resume tomorrow.

 

  • Mkt Midday Closing:

DALIAN Sep/Jan

PO  +24 5342 = 5200

BO -14 5888 -16 6060

SB  -20 3813 -16 3849

SBM -28 2814 -25 2829

 

CBOT

Esbo Jul +0.12 33.06

Esbn Jul = 964.75

Esbm Jul -0.20 313.40

CBOT Soyoil Share Jul 34.67%

 

ENERGY

Crude Jun -0.07 46.43

Gasoil May +6.50 436.50

Brent July +0.02 49.36

POGO Sept +133

 

  • Palm oil BMD (3rd month) Jul -4 2594

Hi 2618 Lo 2593

Vol 14,971 lots

 

MSIAN OLN
June PG 680 v 675/77.5

July 650 v 642.5
JAS 635 v 630

OND 605 v 600

JFM 615 v 607.5

INDON CPO
Jun 680n v 660
JAS ? v 615

LCL MSIA CPO
May DLVD 2840

LCL MSIA STEARIN
May DLVD 610

LCL MSIA PFAD
May DLVD 615

  • 6 ports Europe SFO opens May 800, June 800 vs 792.50, JAS 805 vs 797.50, OND 805 vs 797.50, JFM 815 vs 800 and AMJ 825 vs 805
  • Black Sea sunflower oil May/ June 745 vs 740, JAS 750 vs 742, OND 740 vs 720
  • Russian sunflower oil offered at USD 710 vs —
  • Spain offered at 795 vs —
  • Italy offered at 790 vs —
  • India offered May / June 800, JAS 805 vs —
  • Turkey offered at 775 for near by and 785 for July
  • Currency INR 64.63, UAH 26.51, Rub 58.43 , Euro 1.091 and RM 4.34

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

Exciting Monday today as the veg oil prices starts firm and closely bid. Ukraine sunflower oil sellers have started asking for USD 750 for forward months which is bid in the low 40’s. 6 ports Europe also is first and BID around USD 800 for most of the positions. Weather issues continue along with the talk of Bio fuel helping bean oil. Palm too has shown some strength today and  over all we can now safely say that markets are in a recovery mode.

 

Macron wins, Euro initially rallied but now coming back off again.  U.S. unemployment at 4.4%- doing well.  What will the FED continue to do?  Crude oil getting a bounce on Friday and now holding the mid 40’s level.

 

Soybeans remain slightly lower but in reality the charts continue to be sleeping in this 955-975 price range.  Weekend weather should allow some of the plantings to get caught up but still early yet for soy.  Rapeseed still supported amid fundamental picture.

 

Indians continue to trade disparity and cheaper Argentinian sunflower oil. This is expected to continue till End May early June and then business to focus entirely on the new crop Ukraine sunflower oil.  CIF Offers to India are in excess of USD 800 which fails to attract buyers today .

 

  • Mkt Midday Closing:

DALIAN Sep/Jan

PO  +94 5304 +74 5190

BO +62 5886 +62 6062

SB  +15 3834 +13 3864

SBM -42 2820 -35 2834

 

CBOT

Esbo Jul +0.18 33.08

Esbn Jul -4.25 968.75

Esbm Jul -2.40 314.50

CBOT Soyoil Share Jul 34.59%

 

ENERGY

Crude Jun +0.59 46.81

Gasoil May +2.25 436.00

Brent July +0.66 49.76

POGO Sept +134

  • palm oil BMD (3rd month) Jul +36 2614

Hi 2614 Lo 2583

Vol 19,405 lots

 

MSIAN OLN

Jun 682.5 v 672.5
July 660n v

JAS 635 v 631/32.5

OND 610 v 606/07.5

JFM 620 v 612.5

INDON CPO
Jun ? v 660
JAS ? v 617.5

LCL MSIA CPO
May DLVD 2820

LCL MSIA STEARIN
May DLVD 610

LCL MSIA PFAD
May DLVD 615

OTHER INFO
SPPOMA – 1-5th MAY
Overall Summary :
Yield: -7.75%
Production: -9.85%
Oer: -0.40%

  • 6 port Europe SFO May / June seller 800 , JAS 805 vs 797.50, OND 805 vs 797.50, JFM 815 vs 800, AMJ 825 vs 805
  • Black Sea sunflower oil June 745 vs —, July .Aug 750 vs 742, Sept /OND 755 vs —
  • Russian sunflower oil offered at USD 700 vs —
  • Spain offered at USD 790 vs —
  • Italy offered at USD 785 vs —
  • India offered for May /june 800, JAS 805 vs — and OND 810 vs —
  • Turkey offered at USD 785 vs —
  • Currency INR 64.28, Euro 1.0945, Rub 58.23, UAH 26.50, and RM 4.3350

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

Bean oil though was unchanged in CBOT but experienced firm basis and fob for nearby was abound 735 mark. Ukraine sunflower oil is also seeing more short covering and now buyers are bidding 735 for both June and July at the moment. Indians are still struggling with the stocks and cheap imports from Argentina which is available at a discount to Ukraine origin hence not much demand for forward months. We have traded OND and JFM for India and today traders will try and look for JAS at around 785 levels against offers of 800. Domestic markets in sunflower oil continue to remain trade less and buyers wait for a price drop.

 

  • Mkt Midday Closing:

DALIAN Sep/Jan

PO -46 5188 -34 5116

BO -24 5866 -24 6038

SB  -11 3814 -8 3849

SBM +7 2868 +8 2875

 

CBOT

Esbo Jul +0.10 32.66

Esbn Jul  -1.00 974.25

Esbm Jul -0.90 317.90

CBOT Soyoil Share Jul 34.11%

 

ENERGY

Crude Jun +0.18 47.73

Gasoil May +1.25 441.50

Brent July -0.08 50.71

POGO Sept +112

 

  • Palm oil BMD (3rd month) Jul +9 2531

Hi 2535 Lo 2511

Vol 10,650 lots

 

MSIAN OLN
May PG 675 v

Jun 662.5 v 652.5

Jul 635n v 625
JAS 617.5 v 612.5

OND 597.5 v 592.5

JFM 607.5 v 600

INDON CPO
Jun ? v 640
JAS ? v 600

LCL MSIA CPO
May DLVD 2750

LCL MSIA STEARIN
May DLVD 600

LCL MSIA PFAD
May DLVD 610

  • 6 port Europe Sunflower oil opening May 800, June 800, JAS 805 vs 795, OND 805 vs 790, JFM 815 , AMJ 825
  • Black Sea sunflower oil FOB June/ July 745 vs 735, Aug /Sept 750 vs —
  • Russian sunflower oil offered at USD 700 vs —
  • Spain offered at USD 785 vs —
  • Italy offered at USD 775 vs 00
  • India sunflower oil offered  June 795, JAS 800 vs 785, OND 805 vs —
  • Turkey offered at USD 775 vs —
  • Currency INR 64.19, RM 4.331, Rub 57.63, Euro 1.09, and UAH 26.49

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

US weather has influenced the Bean oil complex and we have seen higher values which today does not seem to correct downward. Palm after showing some dullness in the morning is back in single digit losses which might be squared by the time Malaysia closes .  Indian markets too are holding on to a very narrow trading range and it appears that lows of edible oil is already in and there is less room for shorts to make money. Most of the exchanges have seen pressure from Jan onwards and its not hidden that funds are holding on to BIG SHORT position and if they panic any time soon we can see much higher markets in coming weeks. Ukraine sunflower oil sellers have traded 734 for June and once again today offers are at USD 740 . Indians interestingly are selling cheapest sunflower oil in local markets.  With uncertainty about GST, Stock, Duty traders want to liquidate and remain thin as they approach July month. Almost every day a reform is announced which is taking industry by surprise which is not a normal situation and this financial year for India will remain challenging and full of reforms maintaining the 7+% GDP growth.

 

Mkt Midday Closing:

DALIAN Sep/Jan

PO -18 5216 +2 5142

BO -2 5880 = 6056

SB  +9 3833 +12 3861

SBM +2 2862 -1 2868

 

CBOT

Esbo Jul +0.07 32.69

Esbn Jul  +1.00 969.75

Esbm Jul -0.50 314.50

CBOT Soyoil Share Jul 34.39%

 

ENERGY

Crude Jun -0.06 48.02

Gasoil May -0.25 446.75

Brent July +0.42 50.88

POGO Sept +110

 

  • Palm oil BMD (3rd month) Jul -17 2531

Hi 2551 Lo 2526

Vol 16,365 lots

 

MSIAN OLN
May PG 675 v

Jun 662.5 v 657.5
Jul 637.5 v 627.5

JAS 620 v 615

OND 600/97.5 v 595

JFM 609.5/07 v 602.5

INDON CPO
Jun ? v 642.5
JAS ? v 605

LCL MSIA CPO
May DLVD 2740

LCL MSIA STEARIN
May DLVD 607.5

LCL MSIA PFAD
May DLVD 625

  • 6 Ports Europe SFO May 792.50, JAS 797.50, OND 797.50, JFM 812.50, AMJ 827.5
  • Black Sea sunflower oil May/ June  740 vs 734, July 740 vs 735, Aug /Sept 745 vs —
  • Russian sunflower oil offered at USD 710 vs —
  • Spain offered May 780, June 785
  • Italy offered at USD 775 vs —
  • India offered May / June 795, JAS 800 vs 775 buying levels
  • Turkey offered at USD 775 vs —

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

Ukraine sunflower oil markets remains firm on the weather issues. Few parts of Ukraine still experiencing snow. FOB sunflower oil is firmly offered for JUNE JULY at 740 with buyers not getting excited to pay higher then 730. Even with these first levels Spain and Italy are offered at USD 775 and buyers not in a mood to look at the situation. It appears that prices are hooked for an event now. We either need a weather play or some geopolitical issues for funds to get active and start either shorting the market or building longs. Narrow ranges and lack of volatility is making traders dull with limited options. Indians are playing wait and watch game. Once again as the palm prices come under pressure overall demand from the market seems evaporating and will come back on Monday as market once again will show some recovery. This has been a process from some weeks and narrow range trading is the color of the day. Excitement is only in currency where USDX trading at 98.77 and other currencies are getting stronger against it with Euro already at 1.0940. Have an exciting weekend.

 

  • Mkt Midday Closing:

DALIAN Sep/Jan

PO +10 5186 +2 5094

BO -32 5836 -26 6010

SB  +27 3754 +24 3792

SBM -2 2803 -4 2824

 

CBOT

Esbo Jul +0.07 32.03

Esbn Jul +1.00 958.25

Esbm Jul +0.10 314.90

CBOT Soyoil Share Jul 33.92%

 

ENERGY

Crude Jun +0.23 49.47

Gasoil May +7.75 459.00

Brent Jun +0.48 51.92

POGO Sept +90

 

  • palm oil

BMD (3rd month) Jul -4 2502

Hi 2523 Lo 2500

Vol 11,868 lots

 

MSIAN OLN
May PG 680 v

Jun 652.5 v 645

JAS 610 v 605

OND 590 v 587.5

JFM 598.5 v 595

INDON CPO
Jul 640 v 615

LCL MSIA CPO
May DLVD 2730

LCL MSIA STEARIN
May DLVD 597.5

LCL MSIA PFAD
May DLVD 612.5

OTHER INFO

  • Black Sea sunflower oil May /June 735 vs —, July / Aug 740 vs —, Sept 745 vs and OND 740 vs —
  • Russian sunflower oil offered at USD 730 vs —
  • Spain offered at USD 775 vs –
  • Italy offered at USD 770 vs —
  • India offered for May / June 785, JAS 790 vs — and OND 790 vs —
  • Turkey offered at USD 775 vs —
  • Currency INR 64.20, Euro 1.0937, UAH 26.54 , Rub 56.93 and RM 4.33