CPO Trading Range For The Day Is 565.5-575.3

CPO trading range for the day is 565.5-575.3.

Crude palm oil gained on short covering after prices dropped due to weaker international prices and higher imports.

Palm oil production forecast to rise in the last quarter of the year in line with the seasonal trend.

Output of palm oil from Indonesia, rose in September buoyed by peak harvest season, while demand from top buyers boosted exports.

Crude palm oil prices in spot market dropped by 5.40 rupees and settled at 570.30 rupees.

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Crude Palm Oil Traded In Range Tracking Declines In Global Markets

CPO trading range for the day is 582.7-592.7.

Crude palm oil traded in range tracking declines in global markets and on expectations of rising October production.

Palm oil production is forecast to rise in the last quarter of the year in line with seasonal trend, before tapering off early next year.

Malaysia's palm oil inventories had edged up in September to their highest in eight months as production levels came in higher than exports.

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Crude Oil Gained On Signs Of Surging Demand In China

Crude oil trading range for the day is 5024-5190.

Crude oil gained on signs of surging demand in China, although prices dropped on weekly basis on swelling U.S. inventories

Saudi Arabia's crude oil exports in Aug rose to 7.210 million barrels per day from 7.120 million bpd in July, official data showed.

U.S. crude stocks last week climbed 6.5 million barrels, the fourth straight weekly build, the U.S. Energy Information Administration said.

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Natural Gas Extended Gains Propelled By Worries Of A Large Storage Deficit

Natural gas trading range for the day is 225.3-246.9.

Natural gas extended gains propelled by worries of a large storage deficit and forecasts for warmer-than-normal weather.

Utilities likely added 97 billion cubic feet of gas into storage in the week ending Sept. 28.

Demand in the Lower 48 states for the forthcoming week was forecast at 76.8 billion cubic feet per day, higher than the 76.7 bcfd forecasted.

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Crude Palm Oil Dropped As Caution Over Rising Stockpiles Outweighed

CPO trading range for the day is 579.8-589.

Crude palm oil dropped as caution over rising stockpiles outweighed positive September export numbers.

Malaysian inventories last rose to a seven-month high of 2.49 million tonnes in August, according to official data from a Malaysian industry regulator.

Exports of Malaysian palm oil products for September rose 51.6 percent compared with August, cargo surveyor Intertek Testing Services said.

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