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Rmseed trading range for the day is 7394-7644 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 7314-7600.
Soyabean prices gained as the markets focused on global supply concern.
China's April soybean imports climb 11% on year as delayed cargoes arrive
European Union soybean imports in the 2020/21 season that started last July had reached 12.34 million tonnes.
At the Indore spot market in top producer MP, soybean dropped -38 Rupees to 7840 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 7394-7644.
Mustard seed settled flat paring gains on profit booking after prices seen supported 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 gained 105 Rupees to end at 7325 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1410-1444.
Refsoyoil prices dropped after reports that summer oilseed crop sowing progress is very good as on date.
However downside seen limited amid worries about global edible oils supply.
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 1485.95 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1212.7-1254.5.
Crude palm oil gained dropped as Malaysia's palm oil stocks at the end of April rose 7.1% from the previous month to 1.55 million tonnes
Crude palm oil production jumped 7% from March to 1.52 million tonnes
Data showed Malaysia's exports during May 1 to 10 rose between 29.6% and 36.8% from the same period in April.
In spot market, Crude palm oil dropped by -2 Rupees to end at 1241.5 Rupees.
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