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Indian cottonseed oil cake futures on the NCDEX rose Rs 37 to Rs 3,110 per quintal on July 18, driven by speculative position building and higher demand for cattle feed. Open interest stood at 71,400 lots.
Rising Indian cottonseed cake futures reflect firmer domestic feed demand and speculative buying. The move is modest at about 1.2% and supports cottonseed meal values in India.
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.