Soya oil trading range for the day is 1246-1262 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5105-5321.
Soyabean gained on short covering after prices dropped as as soyabean production is estimated to rise by 14 per cent to nearly 119 lakh tonnes this year
China's soybean imports from Brazil in September fell 18% from a year earlier, customs data showed, as poor crush margins limited demand.
Soyabean production is estimated to rise by 14 per cent to nearly 119 lakh tonnes this year
At the Indore spot market in top producer MP, soybean gained 60 Rupees to 5325 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1246-1262.
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 1297.6 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1107.9-1131.9.
Crude palm oil dropped on pofit booking after prices seen supported as supply constraints due to the rainy season
Prices are seen rising as the rainy season and coronavirus-linked labour shortage are slowing output in Malaysia.
The Southern Peninsula Palm Oil Millers' Association estimated Oct. 1-15 production declined 0.2% from the month before in some parts of Malaysia.
In spot market, Crude palm oil gained by 6.8 Rupees to end at 1151.8 Rupees.
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