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Published on 15/11/2019 11:57:39 AM | Source: Kedia Commodity Ltd

Soyabean trading range for the day is 3923-4023 - Kedia Commodity

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

Soyabean

* Soyabean trading range for the day is 3923-4023.

* Soyabean dropped on higher supplies in the physical market.

* Daily arrivals have started improving and total supplies across the country stood at 8.15 lakh bags.

* In physical millers buying was weak in the absence of fresh demand of soymeal for exports

* At the Indore spot market in top producer MP, soybean gained  13 Rupees to 3984 Rupees per 100 kgs.

               

Soyaoil

* Ref.Soya oil trading range for the day is 792-808.

* Ref soyoil dropped on profit booking after prices gained amid hopes of robust demand in physical market for marriage season.

* Further sufficient stocks in domestic market and weak demand in physical also weighed on prices.

* Export of soymeal from India during April-October of the current fiscal slipped 31% to 3.89 lakh due to higher prices of bean

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 796.55 Rupees per 10 kgs.

               

Crude palm Oil

* CPO trading range for the day is 639.5-650.1.

* Crude palm oil ended with gains as the Malaysia’s output in October unexpectedly dropped.

* The Malaysian Palm Oil Board announced on Monday that stockpiles and production in October unexpectedly dropped.

* Stockpiles stood at 2.3 million tonnes at the end of October, down 4.1% from the previous month

* Crude palm oil prices in the spot market dropped by 2.50 rupees and settled at 638.30 rupees.

 

RM Seed

* Rmseed trading range for the day is 4235-4317.

* Mustard seed gained on late short covering after prices dropped on profit booking due to expectations of higher sowing

* India's Nov-Aug rapeseed oil imports slipped to 59,171 tons from 2.29 lakh tons a year ago due to higher prices in the global markets.

* NAFED had procured around 1.08 million tonnes mustard seed harvested in 2018-19 (Jul-Jun) under a price-support scheme.

* In Alwar spot market in Rajasthan the prices gained 12.9 Rupees to end at 4424.15 Rupees per 100 kg.

 

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