Rmseed trading range for the day is 5232-5360 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 4721-4861.
Soybean dropped on late profit booking after prices gainedas data revealed that Soybean meal exports rise six-fold in January
Support also seen as WASDE report revealed lower production and stock of soybean, soybean carryout at 120 million bushels.
Argentina faces lower rainfall in recent months due to a moderate La Nina weather phenomenon had caused uncertainty over harvests from the country
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 4949 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 5232-5360.
Mustard seed prices gained amid crop damage in north due to cold waves.
New mustard arrivals will start in Uttar Pradesh's mandis.
Production area of the Rabi season has reached a height of 73.94 lakh hectare
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 6500 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1105-1135..
Ref soyoil gained on short covering after seen pressure as India's edible oil consumption is expected to contract in 2020/21
Edible oil consumption could fall to 21 million tonnes in 2019/20 marketing year ending on Oct. 31 from 22 million a year earlier
Soyoil imports could drop marginally from last year's 3.4 million tonnes
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1127.2 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1001.4-1024.8.
Crude palm oil gains lifted by a jump in exports during Feb. 1-10 despite higher than expected end-January inventories.
Malaysia's palm oil inventories rose more than expected in January as exports plunged to a near 14-year low while output continued to decline
Stockpile in the world's second largest producer increased 4.7% to reach 1.32 million tonnes at the end of January from the month prior
In spot market, Crude palm oil gained by 2.3 Rupees to end at 1014.6 Rupees.
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