Ref.Soya oil trading range for the day is 1210-1278 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6269-6929.
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 gained 114 Rupees to 6684 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1210-1278.
Ref soyoil dropped on profit booking after reports that global production of top veg oils to jump most in 4 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
Oilseeds output is also expected to be down a tad at 23.38 mt as soyabean production was affected.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1260 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1129.6-1164.
Crude palm oil dropped following 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 -3.7 Rupees to end at 1145.3 Rupees.
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