Soyabean trading range for the day is 6077-6765 - Kedia Advisory
Soyabean
Soyabean trading range for the day is 6077-6765.
Soyabean dropped after demand from poultry industry for extension of shipment period for import of soyameal
Soybean meal exports down 70% in October this year
China’s soybean imports from the United States in October declined by 77% over the previous year
At the Indore spot market in top producer MP, soybean dropped -362 Rupees to 6387 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1202-1240.
Ref soyoil prices dropped after Rajasthan Govt imposed stocks limits on edible oil stocks.
Pressure seen amid broad-based selling in commodities over concerns about a new variant of the coronavirus.
The Maharashtra Government has decided not to put stock-limit on edible oil stocks
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1240 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1123.5-1138.5.
Crude palm oil pared gains tracking Malaysian prices amid concerns over renewed lockdowns.
Malaysia's Nov 1 – 25 palm oil exports rose 10.8 pct – SGS
SPPOMA revealed the Nov 1-20 production data was lower by 2.4%, compared to the same period last month.
In spot market, Crude palm oil dropped by -5.9 Rupees to end at 1129 Rupees.
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