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Soyabean

* Soyabean trading range for the day is 5078-5360.

* Soyabean prices gained as worries about tight U.S. and global supplies overshadowed a USDA report that raised forecasts for world soy stocks and Brazil's soy harvest

* The USDA raised its estimate of Brazil's 2020/21 soybean harvest to 134 million tonnes, from 133 million last month.

* USDA raised its projection for 2020/21 global soybean ending stocks to 83.74 million tonnes, from 83.36 million tonnes last month.

* At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5447 Rupees per 100 kgs.

RmSeed

* Rmseed trading range for the day is 5587-5847.

* Mustard prices gained as the crop ready to be harvested has suffered a lot as there has been hailstorm with rain in many parts of Rajasthan.

* Support also seen as the moisture content is being said to be high in the new mustard product coming.

* The government has banned mustard oil blended with other oils from 08-June.

* In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 5775 Rupees per 100 kg.

Ref.Soya oil

* Ref.Soya oil trading range for the day is 1238-1278.

* Refsoyoil gained as support seen as the availability of sunflower in the domestic market is low due to higher prices.

* According to USDA, soy production in Argentina may decline by 2.5 million tonnes from January estimate to 4.75 million tonnes

* Heavy rains have been seen in Brazil since last week, this rain can cause delayed harvesting

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 1266.35 Rupees per 10 kgs.

Crude palm oil

* CPO trading range for the day is 1106.2-1156.

* Crude palm oil gains to record high as Malaysia end – Feb palm oil stocks fall 1.8% m/m to 1.3 mln T

* Crude palm oil rallied to its highest levels on strong market sentiment and tracking the uptrend in the soybean market.

* India and China demand for Malaysian palm oil likely to rise this year as economies open up

* In spot market, Crude palm oil gained by 9 Rupees to end at 1114.8 Rupees.

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