I told you, it's over! π«±π»βπ«²π½
& I'm glad for my Premium Members too, they were aware of this crash even from 4600 π«±π»βπ«²π½
#Palm#PalmOil
So just as I mentioned FCPO has largely absorbed the upcoming high end stocks pressure on final session of last week; end stocks came above 2.6M & there is no major immediate negative reaction by FCPO, proven!
That's great actually! We're just predicting and proving everyday π«±π»βπ«²π½ Studying the true insides!
π And yes, we predict & prove 10 times more in our near & long term outlooks in Premium Group β
Funds are staying firm at their aim & looking towards long term destination - it seems like, gradually; they'll achieve it!
#palmoil #PalmOil
FCPO was largely absorbing the pressure of upcoming MPOB data today; which is due on Monday. End stocks are likely to appear close to 2.6M.
But intriguingly; funds took the price from lower side of 4400 to 4700; they're gradually heading towards their long term desire, destination & goal, they're absorbing every pressure well so far, just like stocks from 2.2M to now around 2.6M (EST).
#palmoil #PalmOil
FCPO was largely absorbing the pressure of upcoming MPOB data today; which is due on Monday. End stocks are likely to appear close to 2.6M.
But intriguingly; funds took the price from lower side of 4400 to 4700; they're gradually heading towards their long term desire, destination & goal, they're absorbing every pressure well so far, just like stocks from 2.2M to now around 2.6M (EST).
#palmoil #PalmOil
Despite sharp decline in Crude oil prices around 10%, still any sign of weakness is missing on frame in FCPO; I think that's good. That's really fine & exceptional!
You can understand it this way; the funds have deliberately kept the market range-bound at each key price level, allowing it to absorb every wave of selling pressure. This included the weak April export data around the 4400-4500 range and the record-high production figures in May and June around the 4500-4600 level. Step by step, the funds have absorbed each round of negative pressure while gradually pushing the market higher.
That's all about funds behaviour actually; the power of modern era, those who are superior than fundamentals. π We are continuously studying funds behaviour & they're executing their intention well so far.
I have shared a brief report on funds behaviour report in my Premium Group on 10th July that was actually an accumlation of last 4 months that how they're betting on weather risk & what they actually want to achieve; Fcpo is perfectly moving according to our marked pattern. Funds are buying every better price & so we are!
βοΈWe aren't going to lose 4483 zone & funds destination, desire & their goal is still far away, that's it!
#palmoil #PalmOil #Indonesia #BMD #Malaysia
EPA has announced its decisions on six Small Refinery Exemption (SRE) petitions for the 2023 & 2024 compliance years under the Renewable Fuel Standard (RFS). One refinery received a full exemption, two received 50% exemptions, while three petitions were deemed ineligible. Since only three petitions received any relief; and two of them only partial, the overall reduction in US biofuel blending obligations is limited.
As an initial outcome, Soya oil moved higher following the EPAβs SRE announcement, suggesting traders viewed the outcome as less bearish than anticipated. Market focus now shifts back to weather, crop conditions, and broader biofuel demand.
#soybean #biofuel #EPA
The πΊπΈUS EPA plans to issue final decisions on the Small Refinery Exemption (SRE) requests of HF Sinclair and Delek US Holdings by August 3.
These decisions will determine whether the refiners receive relief from Renewable Fuel Standard (RFS) biofuel blending obligations, making it a key event for the US biofuel & soya oil,
π This is one of the reasons behind the recent caution in soya oil. Until the EPA announces its final decision, funds appear to be reducing risk and trimming positions ahead of the outcome.
#soybean #Biofuels #RFS #EPA #VegetableOils #Commodities #palmoil
πΊπΈ USDA Export Sales
A key takeaway from this weekβs report: new-crop US soybean export sales are at a 4-year high, driven by strong buying from China and other destinations.
This robust export demand is helping keep soybean prices stable, despite the recent heavy sell-off in soya oil.
#soybean #USDA #ExportSales #CBOT #Commodities #palmoil
Massive decline in Crude oil prices added pressure to Soybean Oil & seeds. π»
Soybeans dropped from higher side & corrected almost 60$ so far; but that's good actually, created a buying opportunity again.
βοΈBuy US Soybeans at cmp, 1189 & 1170.
#soybean
The πΊπΈUS EPA plans to issue final decisions on the Small Refinery Exemption (SRE) requests of HF Sinclair and Delek US Holdings by August 3.
These decisions will determine whether the refiners receive relief from Renewable Fuel Standard (RFS) biofuel blending obligations, making it a key event for the US biofuel & soya oil,
π This is one of the reasons behind the recent caution in soya oil. Until the EPA announces its final decision, funds appear to be reducing risk and trimming positions ahead of the outcome.
#soybean #Biofuels #RFS #EPA #VegetableOils #Commodities #palmoil
Massive decline in Crude oil prices added pressure to Soybean Oil & seeds. π»
Soybeans dropped from higher side & corrected almost 60$ so far; but that's good actually, created a buying opportunity again.
βοΈBuy US Soybeans at cmp, 1189 & 1170.
#soybean
π¨π³ Sinograin is clearing warehouse space ahead of incoming U.S. soybean cargoes, confirming that China has already booked substantial US purchases.
Chinaβs 500,000 MT soybean reserve auction isnβt bearish at first glance; but the market still reacted negatively.
The reserve release temporarily boosts domestic supply, reducing the need for fresh imports in the near term. That pressurised soybean futures alongside improving US weather; became the behind massive drop in US beans.
#soybean #CBOT #China #USDA
Despite massive weakness in Crude & Soya Oil; deep insides were shared in Premium Group β
So is being proven so far, Fcpo is holding 4645 well & there is no panic among funds π«±π»βπ«²π½
βοΈ But what next? Join Premium now for further near & long term guidance.
#palmoil#PalmOil
We made a call in Premium to buy US Soybeans at 1133 - 1117 on 15th June; achieved 1230 & 1242 last week β
βοΈ& Now we're setting a new target of $1300 for US Soybeans π«±π»βπ«²π½
π We are digging out best insides in Premium Group to share with our members!
#soybean#palmoil
FCPO exactly tested the marked level, I shared in Premium Group β
What next? Tomorrow? Next Month? Or Quarter...
Join Premium Now for further deep insides & Guidance
#palmoil#PalmOil#Biofuels#Malaysia#Indonesia#B50#fcpo
Predicted yesterday and we were there within a day, fcpo firmly tested 4645 - 4720 zone today.
Testing firmly stands for; there no massive or initial rejection.
#palmoil#PalmOil#biofuel#Fcpo#BMD
I just talked to some big houses π΅π° Solvents actually; They are confident regarding their positions; the outcome of our discussion was; Mininum rate for soft Oil Soya should be 16,800 - 17,000 PKR
Thankyou for your attention! π«±π»βπ«²π½
#PakistanLocal π΅π°
We carried out a healthy rally in soft oil π΅π° from the lower side of 15,500 to 16,500 within a week π«±π»βπ«²π½
Predicted yesterday; achieved today β 16,500!
Still there's alot behind the bush; I have shared in Premium Group
Contact us to Join Premium now
#Soyoil #TradingEmpowermentbyMAAZALI
#PakistanLocal π΅π°
That's true I wasn't convinced for an immediate rise above the supply zone 4645 - 4720; so was proven! Even after the bullish expectation for July 1 & onward; Fcpo is still range bounded & stuck. Just as we dig out better from post B50 July 1 impacts that any immediate up side is unlikely.
Conversely, funds are holding particular demand zone more than 4 months. Though price is being rejected from higher side consecutively but whenever price falls into the demand zone 4483 - 4450 - 4411; fund rushes to buy and makes FCPO again stuck & bounded in a range
Despite record-high production in May and June, ending stocks have climbed from 2.2M to 2.5M. Yet, over the past five months, neither bulls nor bears side won. But despite poor fundamentals & average technical movement, funds continue absorbing the entire selling pressure; seems like they may be positioning for a bigger reward in late Q3 or Q4.
#PalmOil #PalmOil #B50 #biofuel #BMD #FCPO
July 1 has passed, B50 has been implemented, yet FCPO has fallen from 4600 to 4483 and CNF Palm Oil has dropped from $1,220 to $1,145 so far in last couple of months.
So, what exactly was achieved? Whether itβs B50 or export monitoring reforms is irrelevant to us; our focus is the price behaviour of the product we trade. How actually the price will behave; that's what we dig out early in June, that any immediate up side is unlikely.
Many viewed the three-month transition period is procedure of policy implementation, but how we has taken it: if there is no immediate palm oil consumption, there is no reason for prices to rally up side immediately
The market has validated that view so far. Iβm not discussing the possibility of any deeper correction here; thatβs a separate topic forget about it right now, but if your bullish thesis was based solely on B50 and the three-month transition, then are you prepared to hold your inventory for the next three months, hoping delayed consumption eventually rewards your position?
βοΈThat's the reason we weren't convince to take bullish bet on policy Market & actually we dig out from the impacts post July 1; better!
#PalmOil #palmoil #Indonesia #biofuels #B50