CPO trading range for the day is 1103.4-1157.8 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5359-5517.
Soyabean gains tracking rise in overseas prices as In Argentina, the prolonged dry weather condition prompted the USDA to lower its forecast of soybean production
The U.S. Department of Agriculture reported export sales of U.S. soybeans in the week ended March 4 at 563,800 tonnes
USDA left U.S. ending stocks unchanged, lowered the crop guess for Argentina, and raised production for Brazil’s crop size.
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5682 Rupees per 100 kgs.
RmSeed
Rmseed trading range for the day is 5710-5994.
Mustard seed gained as the crop ready to be harvested has suffered a lot due to the intense sun and heat for the past several days, cloudburst occurred in eastern Rajasthan
There will be no significant deposit in the accredited warehouses of NCDEX till March-end.
The moisture content is being said to be high in the new mustard product coming.
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 5700 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1258-1316.
Ref soyoil dropped on profit booking after prices rallied to record high on tightening global vegetable oil supplies
Support also seen as the availability of sunflower in the domestic market is low due to higher prices.
NOPA soy crush jumps to 184.654 million bushels, second biggest on record
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1298.65 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1103.4-1157.8.
Crude palm oil dropped on profit booking after prices rallied to record high lifted by a jump in crude and rival edible oils due to tightening global supplies.
India's palm oil imports fell 27% in February from a year earlier to their lowest in nine months
Malaysia's March 1 – 15 palm oil exports fall 4.6 pct – AmSpec Agri
In spot market, Crude palm oil gained by 3.2 Rupees to end at 1163 Rupees.
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