CPO trading range for the day is 1108.7-1152.7 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5230-5350.
Soyabean prices gained tracking rise in overseas prices as concerns about crops in South America stoked worries over global supplies.
India's soymeal exports jumped over five-fold on year in February to 360,000 tn
The Buenos Aires Grains Exchange lowered its estimates of Argentina's soybean harvest to 44 million tonnes, below its previous forecasts
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5563 Rupees per 100 kgs.
RmSeed
Rmseed trading range for the day is 5725-5919.
Mustard prices gained as the crop ready to be harvested has suffered a lot as there has been hailstorm with rain in many parts of Rajasthan.
Support also seen as the moisture content is being said to be high in the new mustard product coming.
The government has banned mustard oil blended with other oils from 08-June.
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 5857.25 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1246-1320.
Ref soyoil dropped amid profit booking tracking weakness in palm oil after prices rallied to record high on tightening global vegetable oil supplies
However downside seen limited as the availability of sunflower in the domestic market is low due to higher prices.
NOPA soy crush jumps to 184.654 million bushels, second biggest on record
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1289.1 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1108.7-1152.7.
Crude palm oil dropped on profit booking at record high levels as India's Feb palm oil imports down 27% yr/yr to 9 – month low
Supply is tight as end-February inventories fell more than expected to 1.3 million tonnes while production declined to its lowest in five years
Exports of Malaysian palm oil products for Mar. 1-10 fell 18.4 percent to 334,556 tonnes from 409,817 tonnes shipped during Feb. 1-10.
In spot market, Crude palm oil gained by 24.5 Rupees to end at 1144.2 Rupees.
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