CPO trading range for the day is 974.7-1048.3 - Kedia Advisory
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SOYABEAN
Soyabean trading range for the day is 7019-7241.
Soyabean gains 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 gained 85 Rupees to 7274 Rupees per 100 kgs.
RMSEED
Rmseed trading range for the day is 6813-7059.
Mustard seed gained 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 64.75 Rupees to end at 7235.25 Rupees per 100 kg.
SOYOIL
Ref.Soya oil trading range for the day is 1204-1284.
Ref soyoil prices remained supported 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 1275.7 Rupees per 10 kgs.
CRUDE PALM OIL
CPO trading range for the day is 974.7-1048.3.
Crude palm oil dropped as investors adjust positions following Indonesia's decision to start a new lower export levy structure next month.
However downside seen limited buoyed by stronger soyoil and hopes of higher June export data.
Exports of Malaysian palm oil products for Jun. 1-25 rose 7.5 percent to 1,167,989 tonnes from 1,086,676 tonnes shipped during May. 1-25.
In spot market, Crude palm oil gained by 2.6 Rupees to end at 1054.3 Rupees.
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