Rmseed trading range for the day is 6766-7100 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 7005-7321.
Soyabean prices gained tracking rise in overseas prices as global supply tightens, and demand persists.
USDA said soybean export sales totaled 731,500 tonnes, topping forecasts that ranged from 100,000 tonnes to 700,000 tonnes.
Russia plans to reduce export tax on soybeans from July 1
At the Indore spot market in top producer MP, soybean gained 168 Rupees to 7403 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 6766-7100.
Mustard seed prices gained as crushing as increased due to rise in mustard oil demand.
A total of 1.2 million tonnes of mustard crushing occurred compared to 5.50 lakh tonnes.
The stock of mustard with farmers is estimated to be 62.50 lakh tonnes and processors and stockists have a stock of six lakh tonnes of mustard.
In Alwar spot market in Rajasthan the prices dropped -206 Rupees to end at 7325 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1354-1414.
Refsoyoil prices gained amid worries about global edible oils supply.
However upside seen limited after reports that summer oilseed crop sowing progress is very good as on date.
There is no impact of COVID-19 pandemic situation on progress of area coverage under summer crops in the country.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1445.5 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1161.7-1196.7.
Crude palm oil gains tracking rise in Malaysian prices buoyed by stronger April exports and amid worries about global edible oils supply.
Indonesia's March crude palm oil production was up 13.5% compared to the year ago, an official at the country's palm oil association GAPKI told.
Crude palm oil output in March stood at 3.71 million tonnes compared with the 3.27 million tonnes produced in the same month last year.
In spot market, Crude palm oil gained by 23 Rupees to end at 1237 Rupees.
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