CPO trading range for the day is 1115.4-1141.2 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5341-5647.
Soyabean prices gained tracking rise in overseas prices supported by signs of strong export demand.
Private exporters reported the sale of 132,000 tonnes of soybeans to unknown destinations for delivery in the 2021/22 marketing year
Soyabean production is estimated to rise by 14 per cent to nearly 119 lakh tonnes this year on higher sowing area
At the Indore spot market in top producer MP, soybean gained 184 Rupees to 5686 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1252-1282.
Ref soyoil prices gained 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 1305.8 Rupees per 10 kgs.
CPO
Crude palm oil settled flat as investors turned cautious ahead of data on early November output.
However downside seen limited as supply constraints due to the rainy season and strength in rival oils supported the market.
The Southern Peninsula Palm Oil Millers' Association estimated Oct. 1-15 production declined 0.2% from the month before in some parts of Malaysia.
In spot market, Crude palm oil gained by 1.6 Rupees to end at 1146.6 Rupees.
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