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Published on 12/10/2018 11:09:11 AM | Source: Kedia Commodity Ltd

Buy Rmseed Nov ABV 4135 SL BELOW 4115 TGT 4162-4180 - Kedia Commodity

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

Soyabean

Soyabean trading range for the day is 3188-3224.

Soyabean prices dropped on increased crop output and higher supplies of new crop.

Industry body SOPA projected India's 2018-19 soybean output higher at 11.48 million ton versus 8.35 million ton a year ago.

NCDEX accredited warehouses soyabean stocks gained by 1709 tonnes to 4372 tonnes.

At the Indore spot market in top producer MP, soybean gained 17 Rupees to 3214 Rupees per 100 kgs.

SELL SOYABEAN NOV 2018 @ 3230 SL 3265 TGT 3202-3175.NCDEX

 

Rmseed

Rmseed trading range for the day is 4116-4160.

Mustard seed dropped on profit booking after prices gained on expectation of improved export demand for meal.

The minimum support price for mustard increased by 200 rupees to 4,200 rupees per 100 kg by the govt.

NCDEX accredited warehouses mustard seed stocks gained by 334 tonnes to 18152 tonnes.

In Alwar spot market in Rajasthan the prices dropped -5 Rupees to end at 4288.95 Rupees per 100 kg.

BUY RMSEED NOV ABV 4135 SL BELOW 4115 TGT 4162-4180. NCDEX (BTST)

 

Ref.Soya oil

Ref.Soya oil trading range for the day is 746-758.

Ref.Soyaoil gained despite of higher stock positions in the country coupled with lower based import prices.

For the first fortnight of October, base import price of crude soyoil cut to $701 per tn from $714 per tn.

India’s oilmeal exports for the month of September 2018 reported a decline of about 73 per cent.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 747 Rupees per 10 kgs.

SELL REF SOYA NOV 2018 @ 755.00 SL 758.00 TGT 751.50-748.00.NCDEX

 

CPO

CPO trading range for the day is 579.7-589.1.

Crude palm oil dropped amid higher stocks in the country and weak CPO prices in international markets.

Malaysia's palm oil inventories edged up in September to their highest in eight months, surpassing market expectations as production levels came in higher than exports.

Exports of Malaysian palm oil products for October 1 – 10 fell 39.3 percent to 297,265 tonnes from 489,492 tonnes shipped during September 1 – 10.

Crude palm oil prices in spot market dropped by 5.20 rupees and settled at 586.00 rupees

SELL CPO OCT 2018 @ 589.00 SL 593.00 TGT 585.50-582.00.MCX

 

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