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Published on 23/10/2020 2:21:07 PM | Source: Kedia Advisory

Soyabean trading range for the day is 4235-4355 - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Soyabean

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

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.

Refined Soyaoil

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

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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