Rmseed trading range for the day is 5256-5598 - Kedia Advisory
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SOYABEAN
Soyabean trading range for the day is 4909-5121.
Soyabean prices gained as worries about adverse weather in Brazil stoked concerns about global supplies.
European Union soybean imports in the 2020/21 season that started last July had reached 9.58 million tonnes by Feb. 28,
USDA attache sees Argentina 2020/21 soybean crop at 47.5 million T
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5202 Rupees per 100 kgs.
RMSEED
Rmseed trading range for the day is 5256-5598.
Mustard seed gained due to better demand as millers remain in the procurement due to the pipeline being empty.
However upside seen limited as the mustard sowing was excellent this year and production is expected to be better with favorable weather.
The arrival of new crops has started increasing in the mandis. The daily arrival of mustard in the current weekend was 1.85 lakh kattas.
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 5409.75 Rupees per 100 kg.
SOYOIL
Ref.Soya oil trading range for the day is 1133-1241.
Ref soyoil prices gained amid higher demand for edible oils amid winter season and lower imports of Soybean oil
Very heavy rains remain in the forecast for Brazil's northern soybean belt, where farmers are trying to harvest the soybean crop.
A strong export pace of soybeans could limit the amount of supplies available to crush into soymeal and soyoil.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1180.7 Rupees per 10 kgs.
CRUDE PALM OIL
CPO trading range for the day is 1031-1104.8.
Crude palm oil gains boosted by rallies in the likes of soyaoil and sunflower.
However, expectations for an increase in production and in February-end stocks limited gains.
Production was expected to have risen 5.8% to 1.19 million tonnes
In spot market, Crude palm oil gained by 7.8 Rupees to end at 1066.9 Rupees.
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