IGI Logo

Soyabean

* Soyabean trading range for the day is 6075-6371.

* Soyabean dropped on profit booking tracking weakness in overseas prices as wetter weather in South America raised prospects of higher production.

* In a monthly report, the USDA projected 2021/22 marketing year U.S. ending stocks at 340 million bushels, unchanged from a month earlier.

* Private exporters reported sales of 130,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.

* At the Indore spot market in top producer MP, soybean dropped -46 Rupees to 6317 Rupees per 100 kgs.

Soya oil

Ref.Soya oil trading range for the day is 1130-1166.

Ref soyoil dropped on expectations that U.S. oil stocks were rising and global vegetable oil markets cooled.

Soyoil imports more than doubled and India's vegetable oil imports in November rose 11% from a year earlier to 1.17 million tonnes.

Overall import of vegetable oils 11.73 lt in November when compared to 10.60 lt in October, and 11.02 lt in November 2020.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1177.9 Rupees per 10 kgs.

CPO

CPO trading range for the day is 1031.2-1087.2.

Crude palm oil dropped dragged down by cargo surveyor data showing lower exports for the first half of this month, and tracking weakness in rival soyoil.

India's vegetable oil imports in November rose 11% from a year earlier to 1.17 million tonnes.

Import of CPO came down during November compared with October as rising palm oil prices reduced the discount.

In spot market, Crude palm oil dropped by -27.9 Rupees to end at 1072.9 Rupees.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer