CPO trading range for the day is 1116.5-1145.3 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6526-6966.
Soyabean dropped on profit booking amid weaker soybean demand from China.
Pressure also seen after additional margin of 5% will be applicable on both long and short side in all the running contracts of soyabean.
USDA's November monthly report showed soyabean production in India has grown 8% month-on-month to 11.9 million tonnes.
At the Indore spot market in top producer MP, soybean gained 4 Rupees to 6749 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1205-1255.
Ref soyoil ended with losses on profit booking as India’s October edible oil imports fell 14.29 percent y-o- y to 10.49 lakh tons.
India’s October’2021 soymeal exports declined by 88%
Global production of the top four vegetable oils – palm, sunflower, soy and rapeseed oils – is likely to rise the highest in four years.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1256 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1116.5-1145.3.
Crude palm oil dropped amid an outlook of better vegetable oil production next year.
Indonesia 2021 total palm oil exports seen down 0.34%
India's palm oil imports in 2020/21 rose 15.2% from a year ago to 8.32 million tonnes, while soyoil imports fell 15% to 2.87 million tonnes
In spot market, Crude palm oil dropped by -7.6 Rupees to end at 1134.9 Rupees.
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