Soya oil trading range for the day is 1242-1284 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5113-5553.
Soyabean gained tracking rise in overseas prices supported by signs of good overseas demand for U.S. supplies.
European Union soybean imports in the 2021/22 season that started in July had reached 3.88 million tonnes by Oct. 24
Argentine farmers have sold 32.7 mln tonnes of 2020/21 soy so far
At the Indore spot market in top producer MP, soybean gained 87 Rupees to 5412 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1242-1284.
Ref soyoil prices seen supported as the vegetable oil market faces a significant squeeze due to lower output.
Oilseeds output is also expected to be down a tad at 23.38 mt as soyabean production was affected.
India’s Sept edible oil stocks at ports and pipelines rose 3.24 percent mom: SEA
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1303 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1107.4-1144.
Crude palm oil prices seen supported as supply constraints due to the rainy season
Prices are seen rising as the rainy season and coronavirus-linked labour shortage are slowing output in Malaysia.
The Southern Peninsula Palm Oil Millers' Association estimated Oct. 1-15 production declined 0.2% from the month before in some parts of Malaysia.
In spot market, Crude palm oil dropped by -3.5 Rupees to end at 1148.3 Rupees.
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