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Published on 26/02/2020 10:46:06 AM | Source: Kedia Commodity Ltd

Rmseed trading range for the day is 3974-4064 - Kedia Commodity

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

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Soyabean

* Soyabean trading range for the day is 3765-3913.

* Soyabean on NCDEX settled down -0.67% at 3834 as lingering fears over the coronavirus impact

* Investors are anticipating China's commitment to the terms of the Phase-One trade agreement with the US

* India’s Soymeal export slumped by 92% to 5876 tonnes on an M-o-M basis during December.

* At the Indore spot market in top producer MP, soybean dropped -34 Rupees to 4006 Rupees per 100 kgs.

 

Rmseed

* Rmseed trading range for the day is 3974-4064.

* Rmseed on NCDEX settled down -0.25% at 4017 on fresh selling but prices are holding well above the 4000 level mark

* Preliminary estimates of the Market sources suggest the new crop will remain somewhere around 70- 72 lakh tonnes

* The output of mustard is expected to touch record high levels of 9.7 mln tn in 2019-20, up from 9.3 mln tn harvested last year

* In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 4231 Rupees per 100 kg.

 

Ref.Soya Oil

* Ref.Soya oil trading range for the day is 776-812.

* Ref.Soya oil settled down -1.52% at 790.40 fall due to fears over a global outbreak of the coronavirus

* India’s Soymeal export slumped by 92% to 5876 tonnes on an M-o-M basis during December.

* During Apr-Dec 2019, India’s Soymeal export fell by 46% to about 5.03 lakh tonnes

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 816.25 Rupees per 10 kgs.

 

CPO

* CPO trading range for the day is 657.4-689.8.

* CPO settled down on fresh selling as prices came under pressure from prospects of higher production

* Concerns over falling demand due to the global spread of the coronavirus.

* MSPO Millers Association had forecast Feb. 1-20 production to increase by 33.6 per cent.

* Malaysia's Mahathir Mohamad unexpectedly quit as prime minister, leaving the country in political turmoil

 

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