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Published on 17/04/2018 11:52:20 AM | Source: Kedia Commodity Ltd

Ref.Soya oil trading range for the day is 766-774 - Kedia Commodity

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

Trading Ideas

Soyabean

Soyabean trading range for the day is 3741-3877.

Soyabean dropped on profit booking as millers are unsure about increase demand for meal exports. However, downside seen limited amid projection of lower global output and stockpiles.

NCDEX accredited warehouses soyabean stocks dropped by 1244 tonnes to 113929 tonnes.

At the Indore spot market in top producer MP, soybean gained 15 Rupees to 3885 Rupees per 100 kgs.

SELL SOYABEAN MAY @ 3800 SL ABV 3838 TGT 3772-3758. NCDEX (STBT).

Trading Ideas

Rmseed

Rmseed trading range for the day is 3874-3948.

Mustard seed prices dropped tracking weakness in spot demand amid anticipation of increasing arrivals.

Oil mills across the country crushed 375,000 tn of mustard seed, up 15% on month, according to data compiled by the Mustard Oil Producers Association of India.

NCDEX accredited warehouses mustard seed stocks gained by 7409 tonnes to 67375 tonnes.

In Alwar spot market in Rajasthan the prices dropped -12.9 Rupees to end at 3844.75 Rupees per 100 kg.

SELL RMSEED MAY @ 3905 SL ABV 3940 TGT 3880. NCDEX (STBT).

Trading Ideas

Ref.Soya oil

Ref.Soya oil trading range for the day is 766-774.

Ref soyoil ended with losses tracking weakness in spot demand due to higher domestic stocks.

India imported 1.15 million tonnes of vegoils during march 2018 versus 1.11 tonnes in March 2017.

The US weekly export sales of soyoil were down at 22 million tons compared 43.5 million tons in last week.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 765.95 Rupees per 10 kgs.

SELL REF SOYA MAY 2018 @ 772.00 SL 776.00 TGT 768.00-765.00.NCDEX

Trading Ideas

CPO

CPO trading range for the day is 631.2-642.2.

Crude palm oil dropped on expectations of slowing demand growth and tracking losses in related edible oils.

Exports of Malaysian palm oil products for April 1-15 rose 6.4 percent from the corresponding period in March.

India's CPO imports in March increased by 30.33% compared to same period a year ago despite the government imposed higher duty.

Crude palm oil prices in spot market dropped by 1.80 rupees and settled at 637.00 rupees.

SELL CPO APR 2018 @ 640.00 SL 643.00 TGT 636.00-632.00.MCX.


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