Rmseed trading range for the day is 8376-8598 - Kedia Advisory
Soyabean
Soyabean trading range for the day is 5810-6108.
Soyabean gained as SOPA has pegged the acreage lower to the extent of 6.45 per cent at 115.5 lh
Latur Agriculture Produce Market Committee (APMC), reported arrivals of 15,000 quintals
Soyabean damaged on 8 lakh ha; crop health poor in 13% of planted area, says SOPA
At the Indore spot market in top producer MP, soybean gained 132 Rupees to 6300 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 8376-8598.
Mustard seed dropped amid profit booking after prices seen supported due to deficient stocks and peak consumption season.
Statistics Canada cut its canola production estimate to a 13-year low, due to drought.
Government has increased the Mustard seed MSP from 4650.00 to 5050 i.e Rs.400 per quintal for RMS 2022-23.
In Alwar spot market in Rajasthan the prices gained 141.6 Rupees to end at 8818.5 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1284-1360.
Ref soyoil prices seen supported as oilseeds output is also expected to be down a tad at 23.38 mt
India’s Sept edible oil stocks at ports and pipelines rose 3.24 percent mom: SEA
U.S. August soybean oil stock seen at 1.668 billion pounds: NOPA
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1336.3 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1096.4-1125.8.
Crude palm oil dropped on profit booking after seen supported underpinned by signs of slowing production and a recovery in rival soyoil prices.
Southern Peninsula Palm Oil Millers' Association estimated Malaysia's production during Sept. 1-20 fell 4.5% from the same period in August.
Malaysia’s September 1-20 palm oil exports shoots up
In spot market, Crude palm oil gained by 0.6 Rupees to end at 1136.5 Rupees
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