Soyabean trading range for the day is 6310-6804 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6310-6804.
Soyabean prices gained as unseasonal rains in parts of Maharashtra has worried growers.
Chinese importers bought 130,000 tonnes of U.S. soybeans, the U.S. Department of Agriculture said.
Exporters struck deals to sell another 164,100 tonnes of U.S. soy to undisclosed buyers, the USDA said.
At the Indore spot market in top producer MP, soybean gained 125 Rupees to 6596 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1183-1221.
Ref Soyoil gained on short covering as USDA October soybean crush seen at 195.6 mln bushels
Rajasthan Govt imposed stocks limits on soyabean oil.
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 1212.25 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1086.2-1125.4.
Crude palm oil gains as the SPPOMA estimated November production fell 6.8% from the month before.
India is likely to buy more Malaysian palm oil after export levies imposed by Indonesia hit record highs in the past year
Indian refiners have been reducing palm oil purchases and raising soybean oil and sunflower oil imports
In spot market, Crude palm oil gained by 9.1 Rupees to end at 1117 Rupees.
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