CPO trading range for the day is 1117.7-1145.5 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6401-6739.
Soyabean gained amid soaring demand for soymeal, amid transportation bottlenecks and labour shortages.
USDA's November monthly report showed soyabean production in India has grown 8% month-on-month to 11.9 million tonnes.
China's Oct. soy imports from U.S. slump due to weak demand, hurricane
At the Indore spot market in top producer MP, soybean dropped -59 Rupees to 6625 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1232-1254.
Ref soyoil gained as the vegetable oil market faces a significant squeeze due to lower output.
Global production of the top four vegetable oils – palm, sunflower, soy and rapeseed oils – is likely to rise the highest in four years.
The production of the four oils is estimated to rise by 6.3-6.8 mln tonnes in the 2021/2022 crop year altogether, after two years of a global production deficit.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1260.05 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1117.7-1145.5.
Crude palm oil gained as SPPOMA revealed the Nov 1-20 production data was lower by 2.4%, compared to the same period last month.
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 gained by 3.1 Rupees to end at 1148.4 Rupees.
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