Soyabean trading range for the day is 6148-6506 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6148-6506.
Soyabean dropped as the total soyabean meal export from India stood at 2.19 lt in April-November of 2021-22 as against 6.36 lt
NOPA reported the November soybean crush at 179.462 million bushels, down 2.5% from October
USDA trimmed its global supply outlook despite market expectations for an increase.
At the Indore spot market in top producer MP, soybean gained 15 Rupees to 6468 Rupees per 100 kgs.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1155-1187.
Ref soyoil prices dropped as Oilmeals export down by 18% during Apr-Nov
Govt raises base import prices of edible oils by $16-$21 per tn
The U.S. Department of Agriculture of confirmed private sales of 20,000 tonnes of U.S. soyoil to India
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1194 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1059.6-1087.6.
Crude palm oil dropped tracking weakness in Malaysian palm oil as weaker exports in December weighed.
Further surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand.
Pressure also seen as cargo surveyors reported a larger-than-expected drop in exports during the first half of December.
In spot market, Crude palm oil gained by 1.9 Rupees to end at 1086.4 Rupees.
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