CPO trading range for the day is 1080.9-1101.7 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6214-6576.
Soyabean pared gains on profit booking after seen support earlier in the day as Chinese importers bought soybean cargoes from Brazilian ports
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 105 Rupees to 6471 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1172-1198.
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 1201.15 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1080.9-1101.7.
Crude palm oil dropped as uncertainties over the impact of the Omicron coronavirus variant continue to batter broader markets.
India is likely to buy more Malaysian palm oil after export levies imposed by Indonesia hit record highs in the past year
Indian refiners have been reducing palm oil purchases and raising soybean oil and sunflower oil imports
In spot market, Crude palm oil dropped by -5.6 Rupees to end at 1107.9 Rupees.
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