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Soyabean

Soyabean trading range for the day is 6812-7058.

Soyabean prices dropped as India's soybean planting could rise by over 10% on record prices

China Jan-May soybean imports up 12.8% at 38.23 million tonnes

Indian farmers are likely to expand their soybean planting area by more than a tenth in 2021

At the Indore spot market in top producer MP, soybean gained 5 Rupees to 7482 Rupees per 100 kgs.

Rmseed

Rmseed trading range for the day is 7010-7164.

Mustard seed dropped as U.S. rapeseed production is forecast to reach a record 1.8 million tons on record area and trend yield.

Canada rapeseed production is projected at 20.5 million tons, up 1.5 million on greater area.

The arrival of mustard in the mandis has decreased at all places in the country.

In Alwar spot market in Rajasthan the prices dropped -125 Rupees to end at 7200 Rupees per 100 kg.

Ref.Soya oil

Ref.Soya oil trading range for the day is 1370-1412.

Ref soyoil dropped on profit booking tracking weakness in soyabean prices after seen supported on concerns about tight global supplies of edible oils.

India is considering reducing import taxes on edible oils after cooking oil prices hit record highs last month

Indian farmers are likely to expand their soybean planting area by more than a tenth in 2021

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1424.5 Rupees per 10 kgs.

CPO

CPO trading range for the day is 1098.5-1162.9.

Crude palm oil dropped as expectations of rising May stockpiles and output, and worries of a levy cut in Indonesia dented prices.

May stocks seen 6.3% higher at 1.64 mln T

Output seen up 3.4% at 1.58 mln T

In spot market, Crude palm oil dropped by -11 Rupees to end at 1153.8 Rupees.

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