Soyabean trading range for the day is 5515-5625 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5515-5625.
Soyabean gains as there was higher demand from oil mills amid low arrivals.
The government is very cautious about reviewing the implementation of stock limits on oilseeds and edible oils, which keep prices in check in the country.
According to SEA, soymeal exports declined sharply to 5,831 tonnes in September this year from 68,576 tonnes in the same period a year ago.
At the Indore spot market in top producer MP, soybean gained 2 Rupees to 5645 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1186-1208.
Ref soyoil dropped on profit booking after 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 1241.7 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1095.4-1114.4.
Crude palm oil dropped on profit booking after prices seen supported as investors weighed worries about slowing November production.
Indonesia's Sept palm oil exports at 2.89 mln tonnes
Cargo surveyors had estimated an 8%-13% rise in Malaysian exports during Nov. 1-10
In spot market, Crude palm oil gained by 2.3 Rupees to end at 1114.6 Rupees.
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