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Published on 19/08/2019 10:49:15 AM | Source: Kedia Commodity Ltd

Soyabean trading range for the day is 3590-3720 - Kedia Commodities

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

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Soyabean

* Soyabean trading range for the day is 3590-3720.

* Soyabean dropped on late profit booking after prices seen supported by lower area under soybean in the Kharif sowing season so far.

* Fears that moisture stress in some areas of Maharashtra may hit crop yield aided the sentiment.

* As per farm ministry, acreage under soybean is 107 lakh ha so far, down only 3 lakh ha from last year acreage of 109.5 lakh ha.

* At the Indore spot market in top producer MP, soybean gained 16 Rupees to 3740 Rupees per 100 kgs.

 

RMSeed

* Rmseed trading range for the day is 3942-3988.

* Rmseed settled down on late profit booking after prices gained amid lower arrivals in physical market

* As per data released by MOPA, with the new season arrivals is just above 50 lt.

* USDA maintain export forecast of rapemeal to 9 lt and output in 2019/20 at 77 lt (Vs 80 lt ) in its monthly report.

* In Alwar spot market in Rajasthan the prices gained 25.75 Rupees to end at 4128 Rupees per 100 kg.

 

Soyaoil

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

* Ref.Soya dropped on profit booking after prices gained tracking improving physical demand against lower stocks at the ports.

* Soyoil imports down 22.8% to 2.23 lt in Jun compared to 2.90 lt last year same month.

* Overall, imports are down 4.80% for the first eight months of OY 2018/19 (Nov-Jun) at 16.92 lt compared to last year same period.

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 760 Rupees per 10 kgs.

 

CPO

* CPO trading range for the day is 542.7-559.1.

* CPO dropped on profit booking after prices gained tracking increase in tariff values and improving demand.

* Malaysia kept its export duty on crude palm oil for September unchanged at zero percent

* Indonesia's palm oil prices are expected to rise to $570 a tonne in January-June of next year.

* Crude palm oil prices in the spot market gained by 7.90 rupees and settled at 552.90 rupees.

 

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