Ref.Soya oil trading range for the day is 1286-1342 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6214-6550.
Soyabean dropped on profit booking as rising Covid cases hurting demand after prices gained as concerns over lower U.S. planting and rain-delayed harvest in Brazil
European Union soybean imports in the 2020/21 season that started last July had reached 11.20 million tonnes by April 4
USDA attache projects Brazil 2021/22 soybean production at 141 mln tonnes
At the Indore spot market in top producer MP, soybean gained 59 Rupees to 6666 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 5999-6249.
Mustard seed prices dropped as arrivals increased on commencement of new season crop arrivals in the mandis.
Arrivals in its major producing states i.e. Rajasthan, Gujarat, Madhya Pradesh, Uttar Pradesh and West Bengal rose compared to last Month.
However unseasonal rains and hailstorms in key states like Rajasthan, MP, Maharashtra and UP were observed but no major crop damage was reported.
In Alwar spot market in Rajasthan the prices gained 40.5 Rupees to end at 6140.5 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1286-1342.
Ref soyoil dropped as government is watching edible oils and may take step to control high prices.
Export of oilmeals jumped 205% year-on-year in February to 393,309 tonne, compared with 128,761 tonne
The U.S. soybean crush was well below trade expectations in February, sinking to the lowest in 17 months
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1335.65 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1118.4-1159.4.
Crude palm oil prices dropped as Malaysia's palm oil inventories likely inched higher by the end of March as production advanced for the first time in six months
The palm oil stockpile in the world's second-largest producer was expected to rise 1.3% from February to 1.32 million tonnes.
Malaysia's March 1 – 31 palm oil exports rose 18.3% – SGS
In spot market, Crude palm oil gained by 4.8 Rupees to end at 1181.8 Rupees.
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