Rmseed trading range for the day is 8376-8754 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6126-6526.
Soyabean prices dropped as exports of soyameal dropped by 58.93 per cent in August.
Chinese importers bought four to six bulk cargoes of Brazilian soybeans early this week for shipment in October and November
In Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm
At the Indore spot market in top producer MP, soybean gained 132 Rupees to 8531 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 8376-8754.
Mustard seed prices seen pressure after Govt took several measures to boost domestic supply and curb hoarding
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 8695.65 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1299-1331.
Ref soyoil dropped as India vegetable oil imports seen shrinking for second year
Imports in 2020/21 marketing year ending Oct. 31 could fall to 13.1 million tonnes, the lowest in six years, from last year's 13.2 million
India's vegetable oil imports are likely to contract for the second straight year, the Solvent Extractors' Association of India (SEA) said
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1358.6 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1099.4-1131.2.
Crude palm oil dropped on profit booking as India's hike in fortnightly import tariffs.
However downside seen limited amid robust exports in the first half of September and growing concerns over sluggish production boosted prices.
Exports during Sept. 1-15 soared 54% to 832,555 tonnes from the same week in August, cargo surveyor Amspec Agri said.
In spot market, Crude palm oil gained by 0.6 Rupees to end at 1149.1 Rupees.
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