Published on 13/06/2018 10:56:12 AM | Source: Kedia Commodity Ltd

Sell CPO Jun 2018 @ 636.00 SL 640.00 TGT 632.50-630.00 - Kedia Commodity

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

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Trading Ideas


Soyabean trading range for the day is 3340-3512.

Soyabean dropped on reports of higher acreage for next season on forecast of normal rains and lower meal exports data from SEA and SOPA.

Around 25% of soybean stocks are with farmers and stockiest till May 31 on weak demand from crushers, said the SOPA.

NCDEX accredited warehouses soyabean stocks dropped by 152 tonnes to 16097 tonnes.

At the Indore spot market in top producer MP, soybean dropped -47 Rupees to 3488 Rupees per 100 kgs.

SELL SOYABEAN JUL 2018 @ 3440 SL 3470 TGT 3400-3370.NCDEX

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Rmseed trading range for the day is 3910-4010.

Mustard seed prices gained due to good meal and crushing demand.

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 dropped by 272 tonnes to 98392 tonnes.

In Alwar spot market in Rajasthan the prices gained 6.45 Rupees to end at 4050.75 Rupees per 100 kg.

SELL RMSEED JUL 2018 @ 3980 SL 4010 TGT 3950-3920.NCDEX

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Ref.Soya oil

Ref.Soya oil trading range for the day is 731-757.

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.

The oilmeal shipments declining by 8 per cent for the April-May 2018 period at 321,179 tonnes against 348,222 tonnes during the same period last year.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 733.05 Rupees per 10 kgs.

SELL REF SOYA JUL 2018 @ 745.00 SL 749.00 TGT 742.00-736.00.NCDEX

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CPO trading range for the day is 626.2-646.2.

Crude palm oil dropped tracking weakness in spot demand and overseas prices weighed down by the Malaysian government's decision to maintain export tax for July.

Malaysia, kept its crude palm oil export tax at 5 percent in July, the Malaysian Palm Oil Board said in a statement.

Exports of Malaysian palm oil products for Jun. 1-10 fell 18.2 percent to 334,132 tonnes. Crude palm oil prices in spot market dropped by 1.40 rupees and settled at 642.20 rupees.

SELL CPO JUN 2018 @ 636.00 SL 640.00 TGT 632.50-630.00.MCX

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