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Published on 18/01/2019 10:57:37 AM | Source: Kedia Commodity Ltd

Buy CPO 31 Jan 2019 @ 546.00 SL 543.00 TGT 552.00-556.00.MCX - Kedia Commodity

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

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SOYABEAN

*  Soyabean trading range for the day is 3635-3819.

*  Soyabean prices gained amid expectations of fresh export demand for soymeal from Iran and other countries.

*  India's December soymeal exports jumped 42% on year to 240,530 tons, as per Solvent Extractors Association of India data.

*  NCDEX accredited warehouses soyabean stocks gained by 384 tonnes to 135374 tonnes.

*  At the Indore spot market in top producer MP, soybean gained 12 Rupees to 3674 Rupees per 100 kgs.

* BUY SOYABEAN FEB ABV 3725 SL BELOW 3690 TGT 3770-3800. NCDEX (BTST)

 

RMSEED

*  Rmseed trading range for the day is 3816-3902.

*  Mustard seed prices gained amid reports on diminishing stocks with farmers.

*  The area under mustard seed cultivation has touched 66.43 lakh hectares as against 64.99 lakh hac, higher by 2.21% y/y.

*  NCDEX accredited warehouses mustard seed stocks dropped by 418 tonnes to 9233 tonnes.

*  In Alwar spot market in Rajasthan the prices gained 20 Rupees to end at 4089.4 Rupees per 100 kg.

*  BUY RMSEED FEB ABV 3855 SL BELOW 3830 TGT 3880-3920. NCDEX (BTST)

 

SOYAOIL

*  Ref.Soya oil trading range for the day is 746-760.

*  Ref soyoil prices ended with gains on good physical demand.

*  However, gains were limited amid bumper production outlook of soybean for India and lower duties on palm oil import.

*  USDA in its latest monthly update forecast India soyoil production at 16.92 lakh tonnes, up 2.2% on month.

*  At the Indore spot market in Madhya Pradesh, soyoil was steady at 761.6 Rupees per 10 kgs.

*  BUY REF SOYA 20 FEB 2019 @ 751.00 SL 749.00 TGT 754.00-758.00.NCDEX

 

CRUDE PALM OIL

*  CPO trading range for the day is 542.3-551.3.

*  Crude palm oil gained tracking firmness in spot demand and overseas prices on forecast of declining production in the coming months and improving export data.

*  Palm oil output in Malaysia, the world's second-largest producer, is forecast to rise to 20.3 million tonnes this year.

*  Indonesia's palm oil production is expected to rise by 10 percent this year, the country's industry association said.

*  Crude palm oil prices in spot market gained by 2.30 rupees and settled at 544.80 rupees.

* BUY CPO 31 JAN 2019 @ 546.00 SL 543.00 TGT 552.00-556.00.MCX

 

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