Published on 14/02/2018 11:50:42 AM | Source: Kedia Commodity Ltd

CPO trading range for the day is 573.9-579.1 - Kedia Commodity

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

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Soyabean trading range for the day is 3759-3951.

Soyabean prices gained on supply worries amid expectation of hoarding by stockiest to sell at higher prices.

China’s imports of soybean increased by 10.7 per cent to 8.48 MMT in January 2018 compared to same period previous year.

The USDA expects soybean output in US, at 119.52 million tons in February, unchanged from previous month and higher to 116.92 million tons in February 2017.

At the Indore spot market in top producer MP, soybean gained 131 Rupees to 3931 Rupees per 100 kgs.

BUY SOYABEAN MAR 2018 @ 3845 SL 3820 TGT 3885-3920.NCDEX

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Rmseed trading range for the day is 4067-4197

Mustard seed prices ended with losses tracking weakness in spot demand despite of higher soybean prices amid lower acreages.

India 2017-18 mustard seed acreages slumped to 6.68 million hectare compared to 7.06 million hectare in the same period a year ago.

Crushing of mustard during January month slipped 23.52% compared to previous month on disparity.

In Alwar spot market in Rajasthan the prices gained 51.5 Rupees to end at 4025 Rupees per 100 kg.

BUY RMSEED APR 2018 @ 4120 SL 4090 TGT 4154-4180.NCDEX

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Ref.Soya oil

Ref.Soya oil trading range for the day is 741-751.

Ref soyoil ended with gains tracking firmness in spot demand and overseas prices amid supply worried. India's edible oil imports in January are likely to have risen 24% on year to 1.25 mln tn.

India Apr-Jan soybean meal exports spurted 68.63% to 1.01 million tons compared to 601,270 tons in the same period a year ago.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 736.45 Rupees per 10 kgs.

BUY REF SOYA MAR 2018 @ 742.00 SL 739.00 TGT 745.50-749.00.NCDEX

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CPO trading range for the day is 573.9-579.1

Crude palm oil ended with losses tracking weakness in demand from the physical markets.

Crude palm oil output in Malaysia, dropped by 13.49% compared to previous month.

Malaysia’s January palm oil stocks fell 6.75 percent to 25.48 lakh tons compared to 27.32 lakh tons in December.

Crude palm oil prices in spot market gained by 6.40 rupees and settled at 576.40 rupees.

BUY CPO FEB 2018 @ 574.00 SL 571.00 TGT 578.00-580.00.MCX

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