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Cottonseed oil cake futures on the National Commodity and Derivatives Exchange fell by Rs 31 to Rs 1,804 per quintal on July 24, 2020, with August delivery down 1.69%. Participants reduced positions amid a weak spot market and subdued trade.
Weak spot demand and selling pressure point to softer domestic Indian cottonseed meal prices, which feed buyers may see as a minor bearish signal for the protein meal complex.
timesofindia.indiatimes.comPTIJul 24, 2020Not 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.
