Without prejudice or disrespect to any parties. Please do your own research before you buy or sell. Plantations companies especially the upstream planter's relies 100% on the CPO price movement. Locally CPO has dropped from $4,000 + per tonne to current price level of below <$3,600. Weakness on the SBO heavily influence the soft oils market. CBT SBO has dropped below their support 50 cents per IB. Currently it's trading a 49.50 cents per IB. Dalian exchange is following the price downtrend. Brent Crude oil has dropped from USD 90+ per barrel to below USD 75 per barrel { despite the Opec production cut}. Commodities comes in circle but the bigger question what happens if Ukraine - Russia conflicts comes to a end or settlement. This may open or may not happen a surge in export of grains and sunflower oil from the Blacksea region {Ukraine and Russia} . Ukraine accounts for 10% of the world wheat market and around 15% of the corn market. US sanctions on Russia exports may ease. CPO is a price taker and heavily track other commodities price movement. Just sharing my 2 sen thoughts
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SEE_Research
4,653 posts
Posted by SEE_Research > 2023-12-05 15:50 |
Post removed.Why?