# Kedia Daily Oilseed Update As On 05112019 | Investing.com India

> Soybean on NCDEX rose 4% on supply scarcity and lower production, with India's soybean output forecast down 17.7% to about 8.99 million tonnes. India decided not to join the RCEP trade pact, and harvest progress lagged the average. Government set a higher minimum support price for soybeans.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/56159-kedia-daily-oilseed-update-as-on-05112019-investing-com-india
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A sharp Indian soybean crop decline tightens domestic supply and supports Indian soymeal and oil prices, though India's import needs and the RCEP decision have limited direct effect on global prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-31 | [Kedia Daily Oilseed As On 31102019 \| Investing.com India](https://feedsoft.ai/events/56665-kedia-daily-oilseed-as-on-31102019-investing-com-india.md) | -0.1% | -3.7% |
| SOY | 2018-09-10 | [Argentine Oilseed Prospects Dry Up In 2018](https://feedsoft.ai/events/62867-argentine-oilseed-prospects-dry-up-in-2018.md) | -1.3% | +4.4% |
| SOY | 2021-03-08 | [Oilseeds daily: crude oil pushes prices upwards - Mundus Agri](https://feedsoft.ai/events/6558-oilseeds-daily-crude-oil-pushes-prices-upwards-mundus-agri.md) | -1.3% | -1.5% |
| SOY | 2017-04-12 | [Flooding In Argentina May Delay Soy Crop Harvesting \| Investing.com](https://feedsoft.ai/events/71348-flooding-in-argentina-may-delay-soy-crop-harvesting-investing-com.md) | +1.2% | +2.4% |
| SOY | 2019-06-03 | [Agri Marketing Update](https://feedsoft.ai/events/11385-agri-marketing-update.md) | -2.4% | +2.5% |
| SBM | 2019-10-31 | [Kedia Daily Oilseed As On 31102019 \| Investing.com India](https://feedsoft.ai/events/56665-kedia-daily-oilseed-as-on-31102019-investing-com-india.md) | -1.1% | -2.8% |
| SBM | 2018-09-10 | [Argentine Oilseed Prospects Dry Up In 2018](https://feedsoft.ai/events/62867-argentine-oilseed-prospects-dry-up-in-2018.md) | -2.2% | +0.4% |
| SBM | 2021-03-08 | [Oilseeds daily: crude oil pushes prices upwards - Mundus Agri](https://feedsoft.ai/events/6558-oilseeds-daily-crude-oil-pushes-prices-upwards-mundus-agri.md) | -5.6% | -4.7% |

## Sources

- in.investing.com: https://in.investing.com/analysis/kedia-daily-oilseed-update-as-on-05112019-200432722

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.