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Soyabean

Soyabean trading range for the day is 5106-5196.

Soyabean prices gained as worries about adverse weather in Brazil stoked concerns about global supplies.

European Union soybean imports in the 2020/21 season that started last July had reached 9.58 million tonnes by Feb. 28,

USDA attache sees Argentina 2020/21 soybean crop at 47.5 million T

At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5293 Rupees per 100 kgs.

Rmseed

Rmseed trading range for the day is 5357-5559.

Mustard seed dropped as the mustard sowing was excellent this year and production is expected to be better with favorable weather.

However downside seen limited due to better demand as millers remain in the procurement due to the pipeline being empty.

The arrival of new crops has started increasing in the mandis. The daily arrival of mustard in the current weekend was 1.85 lakh kattas.

In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 5500 Rupees per 100 kg.

Ref.Soya oil

Ref.Soya oil trading range for the day is 1148-1192.

Ref soyoil dropped on profit booking after prices gained amid higher demand for edible oils amid winter season and lower imports of Soybean oil

Very heavy rains remain in the forecast for Brazil's northern soybean belt, where farmers are trying to harvest the soybean crop.

A strong export pace of soybeans could limit the amount of supplies available to crush into soymeal and soyoil.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1193.95 Rupees per 10 kgs.

CPO

CPO trading range for the day is 1019.8-1055.8.

Crude palm oil dropped pressured by expectations of higher stockpile for end-February as exports dropped over the month.

Malaysia's palm oil stocks likely grew 7.6% month-on-month to 1.43 million tonnes at end-February

European Union palm oil imports in the 2020/21 season stood at 3.69 million tonnes, compared with 3.78 million a year earlier

In spot market, Crude palm oil dropped by -0.5 Rupees to end at 1063.8 Rupees.

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