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Published on 14/06/2018 10:53:27 AM | Source: Kedia Commodity Ltd

Sell Soyabean Jul 2018 @ 3430 SL 3470 TGT 3390-3360 - Kedia Commodity

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

Trading Ideas

Soyabean

Soyabean trading range for the day is 3330-3480.

Soyabean on short covering after prices dropped tracking weakness in overseas prices weighed down crop-friendly weather.

The USDA lowered its forecasts for U.S. soy ending stocks for the 2018/19 crop year that begins on Sept. 1.

NCDEX accredited warehouses soyabean stocks gained by 150 tonnes to 16247 tonnes.

At the Indore spot market in top producer MP, soybean dropped -16 Rupees to 3472 Rupees per 100 kgs.

SELL SOYABEAN JUL 2018 @ 3430 SL 3470 TGT 3390-3360.NCDEX

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Rmseed

Rmseed trading range for the day is 3900-4020.

Mustard seed prices gained tracking firmness in spot demand amid higher crushing demand and improved meal exports.

According to data compiled by the MOPA, mills across the country crushed 900,000 tn of the oilseed in May, unchanged from the previous month.

NCDEX accredited warehouses mustard seed stocks gained by 332 tonnes to 98724 tonnes.

In Alwar spot market in Rajasthan the prices dropped -25.75 Rupees to end at 4025 Rupees per 100 kg.

SELL RMSEED JUL 2018 @ 4000 SL 4020 TGT 3970-3940.NCDEX

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Ref.Soya oil

Ref.Soya oil trading range for the day is 732-748.

Ref soyoil dropped due to higher stocks with the traders and sufficient availability of oilseeds in the country.

Oilmeal exports from India have taken a beating with exports falling by 8 per cent for the first two months of the current year.

Moreover, government has slashed the base import prices of crude soyoil for the second consecutive fortnight by $31 per tn to $769 per tonnes.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 730 Rupees per 10 kgs.

SELL REF SOYA JUL 2018 @ 742.00 SL 745.00 TGT 738.00-734.00.NCDEX

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CPO

CPO trading range for the day is 623.5-644.5.

Crude palm oil gained tracking firmness in spot demand despite of worries over weak Malaysian export demand Exports of Malaysian palm oil products for Jun.

1-10 fell 18.2 percent to 334,132 tonnes from 408,568 tonnes shipped during May. 1-10. EU 2017/18 palm oil imports stood at 5.8 million tonnes, up 2 percent from 5.7 million tonnes a year earlier.

Crude palm oil prices in spot market dropped by 2.10 rupees and settled at 640.10 rupees.

BUY CPO JUN 2018 @ 634.00 SL 630.00 TGT 638.00-642.00.MCX

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