Highlights

AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 21 Oct 2020, 9:49 AM

 

Plantation - News flow for week 22 – 26 June

Author:   |    Publish date:


  • Bloomberg reported that China plans to accelerate purchases of American farm goods to comply with Phase One of the trade deal with the US following talks in Hawaii last week. China intends to increase purchases of everything from soybean to corn and ethanol after purchases fell behind due to the coronavirus. A source said that China’s government has asked state-owned buyers to make efforts to meet Phase One obligations. China purchased only US$4.65bil worth of US farm goods in 4M2020, meeting only 13% of its commitment of US$36.5bil.
  • In a related development, Bloomberg cited Cargill’s Brazil CEO as saying that prices will determine China’s soybean purchases. He said that Brazil’s soybean exports will start slowing in September following a normal trend as US shipments become more competitive. In spite of this, Brazil’s export volumes are still expected to be good, with commitments through October and November 2020.
  • Platts cited USDA (US Department of Agriculture) as saying that the current wet weather in the MidWest could benefit US soybeans in the coming days. The Mid-West, which produces over 90% of US soybeans, had been reeling from dry weather a couple of weeks ago. However, recent wet weather should boost soybean emergence and aid crop conditions. So far, 81% of the planted soybeans have emerged compared with 49% a year ago and the fiveyear average of 75%. US farmers have planted 93% of the intended soybean areas of 83.5mil acres for the 2020E/2021F season vs. 72% last year and the five-year average of 88%.
  • The Edge Markets quoted Malaysia’s Plantation Industries and Commodities Minister as saying that India intends to import palm oil from Malaysia as it seeks to fulfil 25mil tonnes of vegetable oils for domestic use. This was communicated to the Minister by the state of Telangana’s Minister of Agriculture. Telangana is seeking help from Malaysia via the transfer of technology in the areas of palm oil plantation management, palm oil processing and ecosystem of the industry.
  • Reuters reported that the US Environmental Protection Agency has received 52 new petitions for retroactive biofuel blending waivers that if granted, would help bring oil refiners into compliance with a court ruling. The new pending applications for blending exemptions arefor compliance years 2011 to 2018. The waivers exempt oil refiners from biofuel blending. Biofuel advocates says that the waivers hurt demand for corn ethanol while the oil industry says that the obligations are too pricey.

Source: AmInvest Research - 29 Jun 2020

Share this

Related Stocks

Chart Stock Name Last Change Volume 
GENP 9.79 -0.01 (0.10%) 17,000 
IJMPLNT 1.58 +0.01 (0.64%) 19,000 
UTDPLT 14.42 +0.04 (0.28%) 79,000 
IOICORP 4.29 +0.01 (0.23%) 747,900 
KLK 21.58 -0.12 (0.55%) 162,000 
FGV 1.08 -0.02 (1.82%) 3,901,900 
SOP 3.49 -0.03 (0.85%) 111,400 
THPLANT 0.425 0.00 (0.00%) 579,800 
TSH 0.96 -0.01 (1.03%) 3,095,300 
SIMEPLT 4.91 -0.07 (1.41%) 1,723,400 
SWKPLNT 1.95 0.00 (0.00%) 8,500 
TDM 0.225 0.00 (0.00%) 2,719,100 
TAANN 2.71 -0.02 (0.73%) 29,800 
JTIASA 0.695 -0.005 (0.71%) 3,502,600 
HSPLANT 1.65 -0.01 (0.60%) 2,000 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

314  718  494  640 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 LUSTER 0.195-0.03 
 AT 0.085-0.005 
 DGSB 0.23+0.035 
 MAHSING 1.13-0.05 
 PHB 0.0250.00 
 IMPIANA 0.10+0.02 
 SUPERMX-C1I 0.15-0.02 
 LUSTER-WA 0.105-0.02 
 VC 0.05-0.01 
 ISTONE 0.245+0.03 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS