Soya oil trading range for the day is 1184-1210 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5391-5657.
Soyabean prices gains as support seen after U.S. soybean production to fall below expectations
Soybean production was pegged at 4.425 billion bushels on a yield of 51.2 bushels per acre.
Soybean ending stocks for the 2021/22 marketing year were pegged at 340 million bushels.
At the Indore spot market in top producer MP, soybean gained 93 Rupees to 5605 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1184-1210.
Ref soyoil 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 1251.5 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1089.8-1117.2.
Crude palm oil gained as the market benefited from a rise in early November exports.
Support also seen as supply constraints due to the rainy season and strength in rival oils supported the market.
Exports of Malaysian palm oil products for Nov. 1-10 rose 8.7% to 543,944 tonnes from 500,381 tonnes shipped during Oct. 1-10.
In spot market, Crude palm oil gained by 4 Rupees to end at 1116.8 Rupees.
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