Loading…
Cottonseed oil cake futures on NCDEX fell Rs 5 to Rs 3,665 per quintal for December delivery on Monday. The decline came as open interest and participant bets were reduced amid a weak spot market.
Weak spot demand and lower speculative interest point to softer domestic Indian oilcake prices, which is mildly bearish for cottonseed meal used in feed rations.
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.