CPO trading range for the day is 1121.2-1144.2 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Soyabean
Soyabean trading range for the day is 5824-6284.
Soyabean prices gained due to rise in overseas prices amid soaring demand for soymeal
USDA confirmed private sales of 256,930 tonnes of U.S. soybeans to unknown destinations.
Weekly U.S. soymeal export sales, at 278,000 tonnes, topped a range of trade expectations for 100,000 to 250,000 tonnes.
At the Indore spot market in top producer MP, soybean gained 138 Rupees to 6084 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1210-1238.
Ref soyoil prices seen supported 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 1250 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1121.2-1144.2.
Crude palm oil gains underpinned by estimates of weaker production and higher exports during the first half of November.
Concerns over weaker output is weighing on the market as plantations enter the lower production season amid rainy weather.
The Southern Peninsula Palm Oil Millers' Association (SPPOMA) estimated production during Nov. 1-15 fell 6.3% from the month before.
In spot market, Crude palm oil gained by 7.7 Rupees to end at 1130.9 Rupees.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
.jpg)
