Rmseed trading range for the day is 6056-6386 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6295-6579.
Soyabean prices gained as concerns over lower U.S. planting and rain-delayed harvest in Brazil supported prices.
European Union soybean imports in the 2020/21 season that started last July had reached 11.20 million tonnes by April 4
USDA attache projects Brazil 2021/22 soybean production at 141 mln tonnes
At the Indore spot market in top producer MP, soybean gained 54 Rupees to 6720 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 6056-6386.
Mustard seed gained as support seen after consultancy Strategie Grains lowered its forecast EU harvest to 16.8 million tonnes.
The demand for this oilseed has increased after FSSI banned the adulteration of any type of edible oil with mustard oil
Prices also seen supported after the Haryana government starts purchasing at the minimum support price.
In Alwar spot market in Rajasthan the prices gained 57 Rupees to end at 6197.5 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1259-1337.
Ref soyoil settled flat with prositive node tracking rise in soyabean prices after the USDA's plantings forecast for 2021 fell below most trade expectations.
Export of oilmeals jumped 205% year-on-year in February to 393,309 tonne, compared with 128,761 tonne.
The U.S. soybean crush was well below trade expectations in February, sinking to the lowest in 17 months
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1335.8 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1079.5-1180.9.
Crude palm oil dropped on profit booking but prices gained over 4% on weekly basis as support seen due to weakness in Rupee and fears of a short supply.
MPOC has stated that Malaysia's palm oil reserves are expected to decline for the third consecutive year at the end of 2021.
Malaysia's palm oil inventories likely inched higher by the end of March as production advanced for the first time in six months.
In spot market, Crude palm oil dropped by -1.4 Rupees to end at 1178.6 Rupees.
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