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Soyabean

Soyabean trading range for the day is 6656-7192.

Soyabean prices remained under pressure as USDA report showed Soybean production in the world is likely to increase by 6%

China's April soybean imports from Brazil surge from previous month

Brazil's Abiove sees 2021 soybean exports at record 85.6 million tns

At the Indore spot market in top producer MP, soybean dropped -307 Rupees to 7312 Rupees per 100 kgs.

Rmseed

Rmseed trading range for the day is 6834-7098.

Mustard seed prices dropped as after U.S. rapeseed production is forecast to reach a record 1.8 million tons

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

European Union rapeseed production is projected to show a modest gain in 2021/22 on increased planted area and improved yield

In Alwar spot market in Rajasthan the prices gained 105 Rupees to end at 7325 Rupees per 100 kg.

Ref.Soya oil

Ref.Soya oil trading range for the day is 1365-1421.

Ref soyoil prices dropped as higher soybean output could limit edible oil imports.

Indian farmers are likely to expand their soybean planting area by more than a tenth in 2021

Global oilseed production is forecast to grow 5 percent in 2021/22, primarily on growth in soybean output in the United States and South America.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1443.2 Rupees per 10 kgs.

CPO

CPO trading range for the day is 1181-1255.

Crude palm oil dropped hit by demand and lockdown concerns in Malaysia.

However downside seen limited as Malaysia's palm exports during May 1-20 rose 16% month-on-month.

Malaysia has kept its May export tax for crude palm oil at 8% but raised the reference pricev

In spot market, Crude palm oil dropped by -17.7 Rupees to end at 1232.5 Rupees.

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