Soyabean trading range for the day is 4235-4355
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 dropped -24 Rupees to 4304 Rupees per 100 kgs.
Rmseed trading range for the day is 5626-5846.
Mustard seed gained as prices getting help after Nafed's suspension of mustard auctions until further notice.
India's mustard seeds production is likely to rise
The government has more than enough mustard seed of good quality for the 2020-21, claiming a stock of 26,700 tn
In Alwar spot market in Rajasthan the prices dropped -25 Rupees to end at 5725 Rupees per 100 kg.
Ref.Soya oil trading range for the day is 941-981.
Refsoyoil prices gained as support seen after the SEA of India’s data has reported a recovery in the overall export of oilmeals during April-September period.
The rally in sunflower oil due to a lower crop has also been making soyoil attractive to price sensitive buyers.
Oilmeals exports were reported at 1.3 billion tonnes during April-Sept
At the Indore spot market in Madhya Pradesh, soyoil was steady at 961.55 Rupees per 10 kgs
CPO trading range for the day is 784.5-816.9.
Crude palm oil gains underpinned by hopes of an uptick in Oct. 1-20 exports
Malaysia's Oct 1 – 20 palm oil exports rise 4.3%
India's palm oil imports in September fell 27% on-year to their lowest in three months
In spot market, Crude palm oil gained by 4.2 Rupees to end at 799.3 Rupees.
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