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Cottonseed oil cake futures in India rose Rs 13 to Rs 3,282 per quintal for March delivery on February 12 on NCDEX. Open interest was 55,030 lots as speculators created new positions.
Participants attributed the increase to rising cattle feed demand.
Higher cattle feed demand is supporting cottonseed meal futures in India. The move is small and reflects positioning more than a new supply shock.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.