# Cottonseed oil cake future freezes on upper limit

> Cottonseed oil cake futures in India hit the daily upper limit of 4%, rising Rs 65 to Rs 1,697 per quintal on June contracts, as speculators built long positions. Low carryover stocks and strong buying by cattle-feed makers drove the move.

- Date: 2017-06-14 · published 2017-06-14T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/70606-cottonseed-oil-cake-future-freezes-on-upper-limit
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Tight carryover stocks and firm feed demand in India point to higher cottonseed meal prices in the near term.

## Read by commodity

- CSM: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/cottonseed-oil-cake-future-freezes-on-upper-limit-117061400355_1.html

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