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Published on 18/09/2020 12:55:03 PM | Source: Kedia Advisory

Rmseed trading range for the day is 5261-5407. By Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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SOYABEAN

Soyabean trading range for the day is 3828-4018.

Soyabean prices dropped as new soybean arrivals have started, in Madhya Pradesh.

With the harvesting of new crops in Madhya Pradesh, new soybean arrivals in the mandis are expected to increase in the coming days

US Agriculture Department's monthly report to reduce US soybean production and final stock in 2020-2021.

At the Indore spot market in top producer MP, soybean gained 21 Rupees to 3947 Rupees per 100 kgs

 

RMSEED

Rmseed trading range for the day is 5261-5407.

Mustard dropped paring gains on profit booking after support seen due to low crop estimates, and increased prices by Nafed

It is estimated that the mustard oil consumption in the domestic market has increased by 12% to 15% this year

As per USDA, World Mustard seed beginning stock is expected to fall by around 28% to 65 Lakh tonnes.

In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 5475 Rupees per 100 kg

 

SOYOIL

Ref.Soya oil trading range for the day is 921-951.

Ref soyoil prices dropped as soybean oil imports in August are estimated to have dropped to about 391,000 tons.

India’s total edible oil imports probably slumped to 1.3 million tons compared with 1.52 million tons in July.

U.S. August soy oil end stocks fell 6.18 percent m-o-m: NOPA

At the Indore spot market in Madhya Pradesh, soyoil was steady at 923.95 Rupees per 10 kgs.

 

CPO

CPO trading range for the day is 786-806

Crude palm oil prices gained on increased demand from China ahead of a key festival week.

Malaysia's palm oil exports during Sept. 1-15 rose 12% from the month before, according to data released by cargo surveyors.

Palm oil imports by top buyer India probably fell from a 10-month high as a slow recovery of the food services industry curtailed demand

In spot market, Crude palm oil gained by 8.9 Rupees to end at 794.8 Rupees.

 

 

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