Soyabean trading range for the day is 4990-5158 - Kedia Advisory
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Soyabean
* Soyabean trading range for the day is 4990-5158.
* Soyabean dropped tracking weakness in overseas prices as U.S. weekly sales dropped after prices climbed on the back of concerns over South American supplies
* USDA said that export sales of soybeans for the week ending Feb. 25 totalled 238,700 tonnes, the smallest weekly total since the week ended Dec. 31.
* Brazil is facing a harvest delay, which has hit the pace of exports since January.
* At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5248 Rupees per 100 kgs.
Rmseed
* Rmseed trading range for the day is 5460-5666.
* Mustard seed prices dropped as pressure seen after update that year on year, the planted area of mustard has increased by 6.7 percent approximately.
* The mustard sowing was excellent this year and production is expected to be better with favorable weather.
* The daily arrival of mustard in the current weekend was 1.85 lakh kattas.
* In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 6318.8 Rupees per 100 kg.
Ref.Soya oil
* Ref.Soya oil trading range for the day is 1178-1210.
* Ref soyoil prices dropped on signs of poor demand and further weighed by slowing palm oil shipments.
* Very heavy rains remain in the forecast for Brazil's northern soybean belt, where farmers are trying to harvest the soybean crop.
* Support also seen amid higher demand for edible oils amid winter season and lower imports of Soybean oil in the recent months.
* At the Indore spot market in Madhya Pradesh, soyoil was steady at 1207.2 Rupees per 10 kgs.
CPO
* CPO trading range for the day is 1043.8-1073.4.
* Crude palm oil ended with losses hit by weaker soyoil on signs of poor demand and further weighed by slowing palm oil shipments
* Indonesia sets March crude palm oil reference price at $1,036.22/T
* Indonesian crude palm oil export levies in March will remain at $255 per tonne.
* In spot market, Crude palm oil dropped by -3.9 Rupees to end at 1078.9 Rupees.
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