CPO trading range for the day is 1096.5-1122.7 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5274-5464.
Soyabean dropped as soyabean production is estimated to rise by 14 per cent on higher sowing area and likely improvement in productivity
SOPA said that the total area under soybean for the year 2021 is 119.984 lakh hectares.
China Sept soybean imports fall 30% y/y on slowing demand
At the Indore spot market in top producer MP, soybean gained 38 Rupees to 5474 Rupees per 100 kgs.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1243-1263.
Ref soyoil gained on some low level buying after prices dropped as India cuts base import tax on crude vegetable oil imports to zero %
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 1301 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1096.5-1122.7.
Crude palm oil gained on some low level buying after prices dropped as IVPA says sees demand shift from palm oil to soft oil after India's duty cut
Malaysia's 2021 palm oil output seen lower at 18.4 mln T – MPOC
Indonesia 2021 palm exports +1.2% y/y, crude palm oil exports drop
In spot market, Crude palm oil gained by 3.8 Rupees to end at 1125 Rupees.
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