Soyabean trading range for the day is 5230-5628 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5230-5628.
Soyabean dropped on the expectation that soon arrival will hit mandi.
However downside seen limited on the news of damages due to rain in key sowing area.
The average soybean production estimate was 4.415 billion bushels, up from USDA's September view of 4.374 billion. The
At the Indore spot market in top producer MP, soybean dropped -359 Rupees to 5401 Rupees per 100 kgs.
Rmseed
Ref.Soya oil trading range for the day is 1297-1353.
Ref soyoil prices dropped as Govt. has decided to impose stock limits on edible oils and oilseeds up to March 31, 2022.
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 1366.55 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1137.3-1181.3.
Crude palm oil gains as Malaysia end – Sept palm oil stocks drop 7% to 1.75 mln T
Malaysia's Oct 1 – 10 palm oil exports fall 7.6 pct – ITS
MY 2021/22 CPO production forecasted down 1.5 million metric tons from the USDA Official estimate to 18.2 million MT.
In spot market, Crude palm oil gained by 10.5 Rupees to end at 1212 Rupees.
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