# cottonseed oilcake: Cottonseed oilcake trading in strong support zone - The Economic Times

> Cottonseed oilcake prices in India hit a low of Rs 1,380 in March after a long decline from 2016 highs. Technical analysis sees a strong support zone at Rs 1,360-1,400. Rising international cotton prices and firmer CBOT soymeal are cited as supports for a recovery.

- Date: 2018-04-04 · published 2018-04-04T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/65636-cottonseed-oilcake-cottonseed-oilcake-trading-in-strong-support-zone-the
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Firmer cotton and soymeal prices support the outlook for domestic cottonseed meal values. Summer seasonal demand from rural feed users could add further support.

## Read by commodity

- CSM: bullish ▲
- SBM: bullish ▲

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/commodities/views/cottonseed-oilcake-trading-in-strong-support-zone/articleshow/63616015.cms

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