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Published on 2/12/2021 3:36:58 PM | Source: Kedia Advisory

CPO trading range for the day is 1084.3-1111.9 - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Soyabean

Soyabean trading range for the day is 6003-6653.

Soyabean prices gained on short covering after reports USDA said private exporters sold 132,000 tonnes of U.S. soybeans

Brazil soybean exports are forecast to reach 2.286 million tonnes in November, versus the 2.6 million tonnes forecast in the previous week

European Union soybean imports in the 2021/22 season that started in July had reached 5.07 million tonnes by Nov. 28

At the Indore spot market in top producer MP, soybean gained 74 Rupees to 6366 Rupees per 100 kgs.

 

Soya oil

Ref.Soya oil trading range for the day is 1178-1214.

Ref soyoil pared gains fuelled by concerns that the Omicron coronavirus variant could trigger renewed global lockdowns and dampen demand

Rajasthan Govt imposed stocks limits on soyabean oil.

The Maharashtra Government has decided not to put stock-limit on edible oil stocks

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1208.25 Rupees per 10 kgs.

 

CPO

CPO trading range for the day is 1084.3-1111.9.

Crude palm oil pared gains on profit booking after prices gained as the SPPOMA estimated November production fell 6.8% from the month before.

Indonesia set its crude palm oil export reference price at $1,365.99 per tonne for December, up from November's $1,283.38 per tonne.

Indonesia's 2022 unblended biodiesel consumption is seen at 10 million kilolitres (KL), up from the targeted 9.2 million KL this year

In spot market, Crude palm oil gained by 0.6 Rupees to end at 1113.5 Rupees.

 

 

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