CPO trading range for the day is 1006.3-1091.9 - Kedia Advisory
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SOYABEAN
Soyabean trading range for the day is 6748-7422.
Soyabean gains tracking rise in overseas prices on renewed buying by top importer China and on concerns that dry conditions could dent yields
USDA confirmed exporters sold 336,000 tonnes of U.S. soybeans for delivery to China during the 2021/2022 marketing year
European Union soybean imports in the 2020/21 season that started last July had reached 14.87 million tonnes by June 20.
At the Indore spot market in top producer MP, soybean gained 201 Rupees to 7337 Rupees per 100 kgs.
RMSEED
Rmseed trading range for the day is 6683-7089.
Mustard seed prices gains as corona related problems started reducing, giving stockists, investors, traders and farmers decent returns.
The arrival of mustard in the mandis has decreased at all places in the country.
However upside seen limited pushed lower by flagging global overseas prices amid forecasts for beneficial rains across the Canadian Prairie.
In Alwar spot market in Rajasthan the prices gained 206 Rupees to end at 7325 Rupees per 100 kg.
SOYOIL
Ref.Soya oil trading range for the day is 1234-1290.
Ref soyoil prices gained lifted by strength in rival Chicago soyoil on solid demand from China.
India exported 5.31 lakh tonnes of oilmeals in the first two months of the fiscal 2021-22
A coalition of nine Argentine port worker unions went on a nationwide 24-hour strike to press for vaccinations against the coronavirus.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1304.7 Rupees per 10 kgs.
CRUDE PALM OIL
CPO trading range for the day is 1006.3-1091.9.
Crude palm oil gains on boost to Chinese import margins from recent weak prices
Exports of Malaysian palm oil products for June 1-20 rose 11.2% to 962,184 tonnes from the same period last month
Indonesia's decision to change the levy structure for palm oil exports is expected to improve profit margin for exporters, GAPKI said.
In spot market, Crude palm oil gained by 14.2 Rupees to end at 1063 Rupees.
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