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Crude palm oil trading range for the day is 1118.7-1166.7 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 9156-9850.
Soyabean prices rose after the USDA reported that the condition of crops unexpectedly deteriorated last week.
The soybean crop was rated 58% good-to-excellent, down 2 percentage points from a week earlier, and behind market forecasts.
Support also seen as the delayed monsoon and the planting activity of soybean is adversely affected due to deficient rains in central India.
At the Indore spot market in top producer MP, soybean gained 310 Rupees to 9868 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 7448-7874.
Mustard seed dropped on profit booking after price seen supported as drought continued across the Canadian Prairies, threatening crop yields.
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.
In Alwar spot market in Rajasthan the prices gained 103 Rupees to end at 7737 Rupees per 100 kg.
Soya Oil
Ref.Soya oil trading range for the day is 1355-1445.
Ref soyoil prices dropped on profit booking after price seen supported by lingering concerns over tight supply.
China raised its forecast on imports of edible oils in 2020/21 marketing year, on increase of palm oil and sunflower oil shipments.
China's 2020/21 edible oils imports were seen at 10.23 million tonnes, up 900,000 tonnes from last month's forecast.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1425 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1118.7-1166.7.
Crude palm oil dropped weighed down by weaker exports from Malaysian during July 1 to 25.
Exports of Malaysian palm oil products for Jul. 1-25 fell 1.5 percent to 1,150,452 tonnes.
However downside seen limited buoyed by strong demand from top buyer India and a cut in domestic export tax reference price.
In spot market, Crude palm oil gained by 22.5 Rupees to end at 1188 Rupees.
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