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Published on 21/01/2019 10:02:41 AM | Source: Kedia Commodity Ltd

Buy Soyabean 20 Feb 2019 @ 3725 SL 3690 TGT 3770-3800 - Kedia Commodity

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

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Soyabean

Soyabean trading range for the day is 3736-3850.

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 dropped by 443 tonnes to 134931 tonnes.

At the Indore spot market in top producer MP, soybean gained 61 Rupees to 3754 Rupees per 100 kgs.

BUY SOYABEAN 20 FEB 2019 @ 3725 SL 3690 TGT 3770-3800.NCDEX

 

Rmseed

Rmseed trading range for the day is 3835-3909.

Mustard seed dropped on profit booking after 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 247 tonnes to 8986 tonnes.

In Alwar spot market in Rajasthan the prices dropped -5 Rupees to end at 4089.4 Rupees per 100 kg.

BUY RMSEED 20 FEB 2019 @ 3830 SL 3810 TGT 3870-3900.NCDEX

 

Ref.Soya oil

Ref.Soya oil trading range for the day is 753-769.

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 765 Rupees per 10 kgs.

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

 

CPO

CPO trading range for the day is 548-555.6.

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 547.10 rupees.

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

 

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