Sunflower Oil Market Report – 24 November 2015

Posted November 24th, 2015 by Veg Oil Desk & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

CBOT recovered yesterday to gains in bean and bean oil but Palm oil failed to gather the momentum and we see Mdex going back to negative zone. Its the same story with little action in the market. Buyers and sellers both are working in flat market. Trades are happening around the same levels for nearby and Jan. India saw some volume fixing today for Feb month and we also observed trades for Dec month. Egypt FIHC is tendering for sunflower oil soon and this tender they will have to procure some sun oil and will also have to pay the premium. Mkt Midday Closing:
DALIAN Jan/May
PO +90 4190 +84 4434
BO +100 +108
SB +11 +48

CBOT
eSbo Jan -0.13 28.32
eSbn Jan -1.75 862.50
esbm Jan -0.80 285.10
Soyoil Share Jan 33.37%
Corn Dec -1.00 366.25
Wheat Dec -1.75 493.25

ENERGY
Crude Jan +0.21 41.96
Gasoil Jan -5.50 430.25
Brent Jan +0.18 45.01
POGO Apr 109.57
Palm oil BMD (3rd month) Feb +7 2289
Hi 2303 Lo 2280
Vol 13,090 lots

MSIAN OLN
Dec 530 v
Jan 560 v
JFM 567 v 561.5
AMJ 587 v 582.5
JAS 585 v 577.5
OND 582.5 v

INDON CPO
Dec 485n v
Jan 505 v

LOCAL MSIA CPO
Nov 2110

STEARIN (ASSESSED)
Nov 460 (DLVD)

PFAD (ASSESSED)
Nov 370 (DLVD)

6 port Europe Nov + Dec 865 v 850
JFM 850 v 835
AMJ 850 v 835
JAS 860 v 845
OND seller 840

* Black Sea sunflower oil Dec 800 vs —, Jan 790 vs 785 , FM 790 vs 780, AMJ 790 vs 775
* Russian sunflower oil indicated at USD 790 JFM
* Spain offered at USD 845 vs —
* Italy offered at USD 843 vs —
* India indicated Jan 860, FMAMJ 850 vs —
* Turkey offered USD 835 vs —
* Currency INR 66.39, Euro 1.0644, UAH 23.93 and Rub 66.04