CPO trading range for the day is 958.6-1026.2 - Kedia Advisory
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SOYABEAN
Soyabean trading range for the day is 6921-7059.
Soyabean settled flat paring gains seen earlier as sowing may get impacted amid slow monsoon progress and lack of certified seeds
There is lesser availability of certified seeds this year - SOPA
Rains have not picked up in Madhya Pradesh and Rajasthan for sowing to gather momentum.
At the Indore spot market in top producer MP, soybean dropped -51 Rupees to 7207 Rupees per 100 kgs.
RMSEED
Rmseed trading range for the day is 6805-7045.
Mustard seed prices gains as the arrival of mustard in the mandis has decreased at all places in the country.
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.
In Alwar spot market in Rajasthan the prices gained 136.75 Rupees to end at 7196.25 Rupees per 100 kg.
SOYOIL
Ref.Soya oil trading range for the day is 1157-1279.
Ref soyoil dropped on profit booking tracking weakness in soyabean and overseas prices as concerns about U.S. crops eased.
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 1287.3 Rupees per 10 kgs.
CRUDE PALM OIL
CPO trading range for the day is 958.6-1026.2.
Crude palm oil ended with losses amid prospects of higher production despite supply remained tight.
Refiners are facing slow arrivals of crude palm oil, which is witnessing a slower pace and resulting in tightness for processed palm oil.
Malaysia's June 1-25 Palm Oil Exports Seen At 1,174,350 Tonnes Versus May 1-25 At 1,107,570 Tonnes
In spot market, Crude palm oil gained by 5 Rupees to end at 1053 Rupees.
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