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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Soyabean Gained Amid Expectations Of Higher Government Buying

Soyabean trading range for the day is 3326-3454.

Soyabean gained amid expectations of higher government buying and improving physical demand from oil mills.

All India arrival stood around 1.2 million tons up from 1.1 million tons a day ago.

NCDEX accredited warehouses soyabean stocks gained by 4276 tonnes to 66490 tonnes.

At the Indore spot market in top producer MP, soybean dropped -2 Rupees to 3310 Rupees per 100 kgs.

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Soyabean Trading Range For The Day Is 3212-3366

Soyabean trading range for the day is 3212-3366.

Soyabean prices gained on improving crushing demand from oil mills, anticipation of exports demand for soy meal exports and MSP procurement.

However, expectation of bumper crop prospects limited the upside.

NCDEX accredited warehouses soyabean stocks gained by 8994 tonnes to 16215 tonnes.

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