Published on 12/01/2018 12:53:09 PM | Source: Kedia Commodity Ltd

CPO trading range for the day is 557.4-562.8 - Kedia Commodity

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

Trading Ideas

Soyabean trading range for the day is 3235-3301.

Soyabean prices dropped on profit booking after prices gained on reports of improved demand from the oil mills.

The total supply of soybean has been estimated at 104.49 lakh metric tonnes for the oil year 2017 -18 in its first quarterly estimates.

NCDEX accredited warehouses soyabean stocks gained by 456 tonnes to 216865 tonnes.

At the Indore spot market in top producer MP, soybean gained 7 Rupees to 3333 Rupees per 100 kgs.


Trading Ideas

Rmseed trading range for the day is 4035-4105.

Mustard seed prices dropped due to profit booking tracking weak physical demand.

The acreage of mustard was down 6% till last week at 65.3 lakh ha, as per latest rabi sowing report by the government.

NCDEX accredited warehouses mustard seed stocks dropped by 991 tonnes to 10422 tonnes

.In Alwar spot market in Rajasthan the prices dropped -25.75 Rupees to end at 3973.5 Rupees per 100 kg.
BUY RMSEED APR 2018 @ 4050 SL 4020 TGT 4080-4120.NCDEX

Trading Ideas

Ref.Soya oil

Ref.Soya oil trading range for the day is 737-747.

Ref soyoil ended with losses tracing weakness in spot demand amid profit booking.

The prices were under pressure due to higher stocks in the country and sufficient stocks in the pipeline amid improved domestic crushing and higher imports.

India's oilmeal exports dropped by 22% compared to same period a year ago on higher prices amid lower number of export dates.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 742.4 Rupees per 10 kgs.

BUY REF SOYA FEB 2018 @ 739.00 SL 736.00 TGT 742.00-746.00.NCDEX

Trading Ideas

CPO trading range for the day is 557.4-562.8.

Crude palm oil dropped on profit booking after prices gained due to reports of good demand from the stockists.

Crude palm oil output in Malaysia, the world's second biggest CPO producer, dropped by 6% compared to previous month, data released by MPOB.

Palm oil output in December month fell to 1.83 million tons compared to 1.94 million tons in November.

Crude palm oil prices in spot market dropped by 2.60 rupees and settled at 554.70 rupees.

BUY CPO JAN 2018 @ 556.00 SL 552.00 TGT 561.00-566.00.MCX

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