CPO trading range for the day is 1093.3-1117.3 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5469-5671.
Soyabean prices gains as support seen after U.S. soybean production to fall below expectations
Soybean production was pegged at 4.425 billion bushels on a yield of 51.2 bushels per acre.
Soybean ending stocks for the 2021/22 marketing year were pegged at 340 million bushels.
At the Indore spot market in top producer MP, soybean gained 49 Rupees to 5654 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1183-1211.
Ref soyoil dropped on profit booking after 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 1252.7 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1093.3-1117.3.
Crude palm oil dropped on profit booking after prices seen supported underpinned by cargo surveyor data showing an increase in early November exports
Exports of Malaysian palm oil products for Nov. 1-10 rose 13.4% to 563,093 tonnes from the same period in October.
Exports of Malaysian palm oil products for Nov. 1-10 rose 8.7% to 543,944 tonnes from 500,381 tonnes shipped during Oct. 1-10.
In spot market, Crude palm oil dropped by -0.1 Rupees to end at 1116.7 Rupees.
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