CPO trading range for the day is 1076.4-1123.8 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5266-5470.
Soyabean slid tracking weakness in overseas prices as rains in parts of parched Argentina boosted hopes of supplies
Markets were already basking in the glow of continued robust demand from China and tightening US soybeans supplies.
Brazil's Abiove sees 2021 soybean exports at record 84 million tns
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5631 Rupees per 100 kgs.
RmSeed
Rmseed trading range for the day is 5480-5784.
Mustard seed prices dropped as arrivals have begun in other growing States such as Madhya Pradesh and Gujarat.
In markets such as Alwar, Baran and Tonk in Rajasthan, where arrivals exceeded over 1,000 tonnes.
According to the second advance estimates, Mustard production, is seen at 10.43 million tonnes against last year’s 9.12 million tonnes
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 5574 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1205-1273.
Ref soyoil prices dropped tracking weakness in Soyabean prices as rains in parts of parched Argentina boosted hopes of supplies
Iran's state purchasing agency the Government Trading Corporation (GTC) has issued international tenders for the purchase of 30,000 tonnes of soyoil 30,000 tonnes
NOPA February soy crush drops to 17 – month low of 155.158 million bushels, below estimates
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1265 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1076.4-1123.8.
Crude palm oil prices dropped weighed down by slower demand and higher production concerns.
Malaysia has kept its April export duty for crude palm oil at 8%, though it raised the reference price
Exports of palm oil from the world's top producer Indonesia rose nearly 20% on annual basis in January
In spot market, Crude palm oil dropped by -15 Rupees to end at 1143 Rupees.
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