Soyabean trading range for the day is 5536-6076 - Kedia Advisory
Soyabean
Soyabean trading range for the day is 5536-6076.
Soyabean gained due to rise in overseas prices amid soaring demand for soymeal, amid transportation bottlenecks and labour shortages.
USDA confirmed private sales of 256,930 tonnes of U.S. soybeans to unknown destinations.
Weekly U.S. soymeal export sales, at 278,000 tonnes, topped a range of trade expectations for 100,000 to 250,000 tonnes.
At the Indore spot market in top producer MP, soybean gained 230 Rupees to 5875 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1191-1213.
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 1234.05 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1089.9-1114.7.
Crude palm oil gains as investors weighed worries of slowing November production against weaker demand.
Malaysia's Nov 1 – 15 palm oil exports rise 26.6 pct – ITS
Indonesia's Sept palm oil exports at 2.89 mln tonnes
In spot market, Crude palm oil dropped by -0.5 Rupees to end at 1114.1 Rupees.
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