IGI Logo

Soyabean

Soyabean trading range for the day is 5669-6339.

Soyabean gained as India's soybean production may decline sharply in the marketing year 2021-22

India’s Aug’2021 soymeal exports declined by 81%, Oil meal export down by 4%.

U.S. September 2020/21 Soybean end stocks estimate at 185 million bushels: USDA

At the Indore spot market in top producer MP, soybean gained 132 Rupees to 6348 Rupees per 100 kgs.

Rmseed

Rmseed trading range for the day is 8345-8813.

Mustard seed gained due to deficient stocks and peak consumption season.

Statistics Canada cut its canola production estimate to a 13-year low, due to drought.

Government has increased the Mustard seed MSP from 4650.00 to 5050 i.e Rs.400 per quintal for RMS 2022-23.

In Alwar spot market in Rajasthan the prices gained 141.6 Rupees to end at 8844.25 Rupees per 100 kg.

Soya oil

Ref.Soya oil trading range for the day is 1294-1336.

Ref soyoil prices gained as oilseeds output is also expected to be down a tad at 23.38 mt as soyabean production was affected

India’s Sept edible oil stocks at ports and pipelines rose 3.24 percent mom: SEA

U.S. August soybean oil stock seen at 1.668 billion pounds: NOPA

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1337.1 Rupees per 10 kgs

Crude palm oil

CPO trading range for the day is 1098.5-1128.5.

Crude palm oil gains underpinned by signs of slowing production and a recovery in rival soyoil prices.

Southern Peninsula Palm Oil Millers' Association estimated Malaysia's production during Sept. 1-20 fell 4.5% from the same period in August.

Malaysia’s September 1-20 palm oil exports shoots up

In spot market, Crude palm oil gained by 0.6 Rupees to end at 1143.3 Rupees.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer