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Published on 12/07/2018 11:46:58 AM | Source: Kedia Commodity Ltd

CPO trading range for the day is 617.4-634 - Kedia Commodity

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

Trading Ideas

Soyabean

Soyabean trading range for the day is 3396-3522.

Soyabean prices dropped tracking weakness in spot demand on hope of good sowing progress in coming weeks.

Pace of sowing increase last week and now the deficit is only under 4% on year which was 48% in previous week.

NCDEX accredited warehouses soyabean stocks dropped by 30 tonnes to 7266 tonnes.

At the Indore spot market in top producer MP, soybean dropped -33 Rupees to 3604 Rupees per 100 kgs.

SELL SOYABEAN OCT 2018 @ 3470 SL 3520 TGT 3440-3410.NCDEX

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Rmseed

Rmseed trading range for the day is 4116-4172.

Mustard seed prices ended with losses tracking weakness in spot demand amid expectation of higher arrivals.

NAFED is expected to start selling of around 872,709 tons procured mustard in August month.

NCDEX accredited warehouses mustard seed stocks dropped by 131 tonnes to 94501 tonnes.

In Alwar spot market in Rajasthan the prices gained 6.45 Rupees to end at 4269.65 Rupees per 100 kg.

SELL RMSEED AUG 2018 @ 4150 SL 4190 TGT 4120-4080.NCDEX

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Ref.Soya oil

Ref.Soya oil trading range for the day is 752-764.

Ref soyoil ended with losses tracking weakness in spot demand on oversupply woes due to higher stocks.

For the first fortnight of July, the base import price of crude soyoil has been cut to $750 per tn from $752 per tn by the govt.

As per SEA monthly report, country' edible oil stock is at highest level ever at 26.6 lt putting pressure on domestic prices of edible oils.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 756.55 Rupees per 10 kgs.

BUY REF SOYA AUG 2018 @ 755.00 SL 753.00 TGT 759.00-764.00.NCDEX

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CPO

CPO trading range for the day is 617.4-634.

Crude palm oil dropped tracking weakness in spot demand and overseas prices over concerns about the U.S.-China trade dispute and on weak demand.

Indonesia's shipments of palm oil and palm kernel oil, fell 18.3 percent to 2.14 million tonnes in May from a year earlier.

Indonesia's palm oil stocks jumped to 4.76 million tonnes by the end of May, compared with 3.97 million tonnes by end-April.

Crude palm oil prices in spot market dropped by 4.20 rupees and settled at 630.80 rupees.

SELL CPO JUL 2018 @ 628.00 SL 630.00 TGT 624.00-620.00.MCX

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