CPO trading range for the day is 1089.1-1127.1 - Kedia Advisory
Soyabean
Soyabean trading range for the day is 6226-6706.
Soyabean dropped amid drop in overseas prices as crop prospects brightened in South America, fuelling expectations for bumper global supplies.
Private exporters reported sales of 130,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.
China imported 8.57 mln tonnes of soy in November
At the Indore spot market in top producer MP, soybean dropped -107 Rupees to 6565 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1182-1224.
Ref soyoil prices dropped after the U.S raised a proposal to scale back biofuel blending mandates.
Pressure also seen as crop prospects brightened in South America, fuelling expectations for bumper global supplies.
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 1215.15 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1089.1-1127.1.
Crude palm oil dropped as rival soyoil fell after the U.S raised a proposal to scale back biofuel blending mandates.
Malaysia's November stocks seen down 3.5% m/m
Production likely rose 1% from October to 1.74 million tonnes, while exports were forecast to expand 11.9% to 1.59 million tonnes.
In spot market, Crude palm oil dropped by -6 Rupees to end at 1113.1 Rupees.
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