Rmseed trading range for the day is 5306-5492 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 4489-4639.
Soyabean gained tracking rise on CBOT prices on worried about tightening U.S. and global soyoil supplies
Rains disrupted harvest in Brazilian soybean-growing areas, slowing down field work in the world's largest soy producer
Support also seen amid private sales of 136,000 tonnes of U.S. cargoes to China and 163,290 tonnes to Mexico
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 4491 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 5306-5492.
Mustard gained on low level buying after prices seen under pressure as year on year, the planted area of mustard has increased by 6.7%.
The latest Government data shows that the planted area in Mustard has so far reached 73.25 Lakh hectares
India’s 2020-21 mustard crop may touch 100 lakh ton-level due to higher sowing and conducive weather. Sowing
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 6080.75 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1038-1114.
Ref soyoil prices gained amid supply concerns due to poor weather conditions in Latin America and strong demand from China.
The sowing of oilseed crops has increased to 81.80 lakh hectares in the current Rabi whereas till this time last year, it was sown only in 77.79 lakh hectares.
NOPA members, which handle about 95% of all soybeans processed in US, were estimated to have crushed a near-record 185.175 mln bushels
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1042.05 Rupees per 10 kgs.
CPO
CPO trading range for the day is 917.1-968.9.
Crude palm oil prices ended with gains on short covering amid boosted by supply concerns.
Indonesia sets lower crude palm oil exports tax, levies in Feb
Malaysia's commodities ministry forecast crude palm oil production at 19.7 million tonnes in 2021, rising from 19.14 million tonnes last year.
In spot market, Crude palm oil dropped by -8.3 Rupees to end at 910.7 Rupees.
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