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

Veg oil markets are holding on to Friday levels. Mostly the currencies of Europe,   emerging markets and Asia is showing good strength and commodities expected to follow soon. Aug is now behind us and so is the weather market. Rains have been good and temperatures cooler for USA and India.  Even Ukraine is already harvesting sunflower seed crop and thus we don’t see any major issue with the supply side. Bullish traders will have to find demand in order to convince the market to make new highs.  Europe is offered at USD 815 shade lower to Friday. Ukraine sunflower oil sellers are hinting to sell cargo is the bid is near 770 mark for OND against current offers of 775. Indians are in festival mood and demand at its peak. We will see a lack lustre September again with exciting October month. Over all prices to remain in healthy range retract a little bit  now and then go higher from current levels by End September.

 

Palm oil Mkt Midday Closing:

DALIAN Jan/May

PO -22 5554 -20 5638

BO -6 6388 -12 6474

SB +39 3958 +34 3995

SBM +17 2748 +15 2682

 

CBOT

Esbo Dec +0.16 35.11

Esbn Nov +4.00 948.50

Esbm Dec +1.70 301.70

CBOT Soyoil Share Dec 36.78%

 

ENERGY

Crude Oct -0.19 47.68

Gasoil Sept +7.00 487.00

Brent Oct +0.17 52.58

POGO Jan +168

 

 

BMD (3rd onth) Nov -6 2744

Hi 2766 Lo 2744

Vol 10,011 lots

 

OLN

Sept PG 677.5 v

OND 672.5 v 667.5/70

JFM 675 v 672.5

AMJ 677.5 v 672.5

JAS 667 v
INDON CPO
Sept 680 v
OND 680 v
ND 680 v
OND 677.5 v 665
LCL MSIA CPO

Sept DLVD 2750

 

LCL MSIA STEARIN

Oct DLVD 667.5

 

LCL MSIA PFAD

Oct DLVD 632.5
OTHER INFO
SPPOMA – 1-25th Aug 17

Overall Summary :

 

Yield: +5.90%

OER : -0.18%

Production: +4.95%

  • 6 ports Europe  sfo opens sept 812.5 ond 815 jfm 825 amj 835 jas 845…rso sept , oct and ndj 750 fmaa 740 mjjy 730 aso 705 ndj 710 .
  • Black Sea sunflower oil Oct 780, ND 775 vs 765, JFM 780 vs –
  • Russian Sunflower oil offered at USD 770 vs –
  • Spain offered for OND 815 vs –
  • Italy offered for OND 810 vs –
  • India CIF lw CSFO offered for Oct 840, ND 835 and JFM 840 tentatively
  • Turkey offered at USD 810 vs—
  • Currency INR 63.89, RM 4.26, Rub 58.41, UAH 25.53 and Euro 1.1938

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