US Fund Manager say-Thou USDA confirms larger World Soy sply but Cbot rebounces as No more bearish News in stok nearterm to come/Now Argntna rains again in News:Funds try to access what damage has been done to standing crop thou fields has dried but chances of rain returning to main prdn areas
US President admit US Currency too strong, willing to keep Bank IntRates low*China GovtAgency say-SoyOil stoks much higher so Plants crush Margins negative
Wednsday Cbot Futures starts day firm even after bearish USDA report-remains firm in day-extend gain in night as Funds need some factors to push down Cbot
Wednesday CPO RBD Cif India remains at par rose equal $5-12.50 Ton on Rupee 25 Paise weaker/Cif SoyDegum $7 Ton on weaker Cbot/SunOil Cif quoted $5 Ton higher
Wdnsdy KLC fell 23 Rngt $4.47Ton on rising suply:CPO Fob fell $10:Olin nearby up $5 Ton, forward fell $5 Ton on rising supply fear
Cbot SoyOil moves unch in projection on bearish KLC tone but firms $3.75Ton later thou Petro slips/Funds feel Cbot has little reason to fall on no fresh factor
Cbot Soybean gains $3 Ton as Funds fear Argntna rains returning:US larger weekly Export Inspections too helped sentiments, higher Export target too lend support
More will update soon!!
