Soyabean trading range for the day is 5717-6161 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5717-6161.
Soyabean prices gained due to rise in overseas prices amid soaring demand for soymeal
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 71 Rupees to 5946 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1201-1223.
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 1240.6 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1103.1-1141.1.
Crude palm oil gained as investors weighed worries of slowing November production against weaker demand.
India's palm oil imports in 2020/21 rose 15.2% from a year ago to 8.32 million tonnes
Malaysia's Nov 1 – 15 palm oil exports rise 26.6 pct – ITS
In spot market, Crude palm oil gained by 9.1 Rupees to end at 1123.2 Rupees.
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