CPO trading range for the day is 1104.1-1205.1 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5477-5739.
Soyabean prices seen pressure as higher U.S. stocks weighed on the market.
Prices fell on pressure from larger-than-expected stocks reported by the U.S. Department of Agriculture (USDA).
India's soybean production is estimated to be 10 million tonnes as compared to last year's 8.9 million tonnes.
At the Indore spot market in top producer MP, soybean dropped -97 Rupees to 5692 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 8339-8563.
Mustard seed prices dropped after update Strategie Grains has increased this year's EU rapeseed harvest forecast to 17.03 million tonnes.
The arrival of mustard has increased across the country.
The purchase of crushing plants has slowed down due to the new arrival of soybean in the mandis.
In Alwar spot market in Rajasthan the prices dropped -75.75 Rupees to end at 8606.25 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1291-1375.
Ref soyoil prices dropped as import of edible oil has increased due to reduction in duty
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 1364.65 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1104.1-1205.1.
Crude palm oil dropped as demand was slow due to deep negative import and processing margins and surging inventories after record imports last month
The Malaysian Palm Oil Association estimated September production fell 1.44% from the month before to 1.68 million tonnes.
Palm oil imports in China could be higher in 2022 onwards arising from a possible slowdown in soybean oil output.
In spot market, Crude palm oil dropped by -8.5 Rupees to end at 1188.2 Rupees.
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