Dear friends
Yesterday Soyoil in USA Crossed USD42.00 to new recent high
Today CPO got another booster & touched Rm3,880!
See
| 9 | FKLI | Dec 2020 | 1,637.50 | 1,647.50 | 1,648.50 | 1,648.00 |
+10.50
|
1,649.00 | 1,633.00 | 4,099 | 16,420 | 1,637.50 |
| 10 | FKLI | Jan 2021 | 1,640.00 | 1,651.00 | 1,652.00 | 1,651.00 |
+11.50
|
1,651.50 | 1,635.50 | 3,774 | 25,292 | 1,639.50 |
| 11 | FKLI | Mar 2021 | 1,634.00 | 1,645.50 | 1,646.50 | 1,645.50 |
+10.50
|
1,646.00 | 1,630.00 | 28 | 278 | 1,635.00 |
| 12 | FKLI | Jun 2021 | 1,626.50 | 1,641.00 | 1,643.00 | 1,638.00 |
+7.50
|
1,638.00 | 1,626.50 | 6 | 146 | 1,630.50 |
| 13 | FCPO | Jan 2021 | 3,852.00 | 3,853.00 | 3,860.00 | 3,860.00 |
+25.00
|
3,880.00 | 3,849.00 | 265 | 3,458 | 3,835.00 |
| 14 | FCPO | Feb 2021 | 3,731.00 | 3,743.00 | 3,747.00 | 3,747.00 |
+28.00
|
3,759.00 | 3,724.00 | 828 | 24,602 | 3,719.00 |
| 15 | FCPO | Mar 2021 | 3,573.00 | 3,574.00 | 3,576.00 | 3,576.00 |
+26.00
|
3,593.00 | 3,554.00 | 8,392 | 49,242 | 3,550.00 |
| 16 | FCPO | Apr 2021 | 3,442.00 | 3,441.00 | 3,445.00 | 3,444.00 |
+28.00
|
3,459.00 | 3,424.00 | 1,756 | 22,448 | 3,416.00 |
| 17 | FCPO | May 2021 | 3,329.00 | 3,335.00 | 3,339.00 | 3,340.00 |
+32.00
|
3,352.00 | 3,320.00 | 1,883 | 21,336 | 3,308.00 |
| 18 | FCPO | Jun 2021 | 3,232.00 | 3,241.00 | 3,245.00 | 3,245.00 |
+30.00
|
3,256.00 | 3,228.00 | 939 | 12,984 | 3,215.00 |
| 19 | FCPO | Jul 2021 | 3,148.00 | 3,150.00 | 3,154.00 | 3,152.00 |
+24.00
|
3,168.00 | 3,144.00 | 865 | 10,412 | 3,128.00 |
| 20 | FCPO | Aug 2021 | 3,064.00 | 3,061.00 | 3,065.00 | 3,063.00 |
+19.00
|
3,080.00 | 3,061.00 | 652 |
8,804 |
WHY?
WHAT ARE THE REASONS FOR SUCH BULLISHNESS?
THESE ARE THE ANSWERS
1) CHINA EXPERIENCED MANY SUPER TYPHOONS WIPING OUT ITS CROPS THIS YEAR
SO MORE BUYING FROM USA & BRAZIL
2) LAST YEAR SWINE FLU WIPED OUT PIGS IN CHINA. SO THIS YEAR LOTS OF SOYBEAN MEAL NEEDED TO REGROW THE SWINE HERD
3) DROUGHT IN USA & HURRICANE IN IOWA CAUSED LESS SAYBEAN HARVEST
4) DROUGHT IN SOUTH AMERICA & BLACK SEA CAUSED LESS PRODUCTION
5) ALSO FLOODS IN INDIA, THAILAND, VIETNAM, GREECE AND MANY PARTS OF THE WORLD ALSO DESTROYED CROPS
NOW THAT THE WORLD IS SHORT OF VEGE OIL THERE IS A PANIC BUY
FROM JUST IN TIME PURCHASE MANY HAVE TURNED "JUST IN CASE" PURCHASE LEADING TO MORE DEMAND OVER SUPLLY
AND THIS SUPPLY WILL BE EVEN MORE ACUTE AS RIGHT NOW IN BRAZIL & ARGENTINA AS WELL AS BOLIVIA, URUGUAY & PARAGUAY ALL EXPERIENCED DROUGHT CONDITIONS AT THE SAME TIME
SO HOLD TIGHT TO ALL PALM OIL SHARES AS BULL RUN IS A GIVEN
ONLY HOW FAR AND HOW HIGH PALM OIL BULL CAN REACH IS YET AHEAD
BEST REGARDS
Calvin Tan Research
Singapore
All Information Provided Here Should Be Treated For Informational Purposes Only. It Is Solely Reflecting Author's Personal Views And The Author Should Not Be Held Liable For Any Actions Taken In Reliance On Information Contained Herein
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