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Soyabean

Soyabean trading range for the day is 6481-6827.

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

Rmseed

Rmseed trading range for the day is 6440-6880.

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 -242 Rupees to end at 6958 Rupees per 100 kg.

Ref.Soya oil

Ref.Soya oil trading range for the day is 1209-1349.

Ref soyoil prices dropped after update that the government will reduce the import duty on edible oil and decision could be made soon.

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

However, there were concerns about tight global supplies of edible oils.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1350 Rupees per 10 kgs.

CPO

CPO trading range for the day is 985.1-1106.1.

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

May palm oil stocks rose 1.5% to 1.57 mln T – MPOB

Crude palm oil production gained 2.84% from April to 1.57 million tonnes, while palm oil exports fell 6.01% to 1.27 million tonnes

In spot market, Crude palm oil dropped by -23.1 Rupees to end at 1108 Rupees.

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