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SOYABEAN

Soyabean trading range for the day is 6804-7232.

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 dropped -18 Rupees to 7189 Rupees per 100 kgs.

RMSEED

Rmseed trading range for the day is 6806-7002.

Mustard seed dropped as U.S. rapeseed production is forecast to reach a record 1.8 million tons on record area and trend yield.

Pressure also seen as Canada rapeseed production is projected at 20.5 million tons, up 1.5 million on greater area.

However upside seen limited pushed lower by flagging global overseas prices amid forecasts for beneficial rains across the Canadian Prairie.

In Alwar spot market in Rajasthan the prices dropped -25.75 Rupees to end at 7170.5 Rupees per 100 kg.

SOYOIL

Ref.Soya oil trading range for the day is 1180-1264.

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 2021-22v

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 1270 Rupees per 10 kgs.

CRUDE PALM OIL

CPO trading range for the day is 981.9-1027.5.

Crude palm oil gains supported by stronger-than-expected biodiesel demand from the recovery in crude oil prices

Indonesia's plan to revise its palm oil export levy.

Malaysia offered palm oil at a discount to entice buyers

In spot market, Crude palm oil dropped by -3.3 Rupees to end at 1051.7 Rupees.

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