Rmseed trading range for the day is 8284-8530 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5465-5853.
Soyabean gained on short covering after prices seen pressure as as higher U.S. stocks weighed on the market.
Prices fell on pressure from larger-than-expected stocks reported by the U.S. Department of Agriculture (USDA).
India's soybean production is estimated to be 10 million tonnes as compared to last year's 8.9 million tonnes.
At the Indore spot market in top producer MP, soybean gained 256 Rupees to 5598 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 8284-8530.
Mustard seed gained due to deficient stocks and peak consumption season.
Mustard stocks dwindle to 30Lakh tonnes with about 5-6 months remaining for new arrival season.
Strategie Grains has increased its monthly forecast for this year's European Union rapeseed harvest to 17.03 million tonnes from 16.93 million.
In Alwar spot market in Rajasthan the prices gained 21 Rupees to end at 8500 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1315-1381.
Ref soyoil gained as oilseeds output is also expected to be down a tad at 23.38 mt
Soyabean production was affected by the patchy rains in the key producing States of Gujarat and Madhya Pradesh, respectively.
India’s Sept edible oil stocks at ports and pipelines rose 3.24 percent mom: SEA
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1345.95 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1130-1194.
Crude palm oil rose as polls show a slight decline in September stockpile and a slow output rise.
Palm oil stockpiles at the world’s second largest producer likely fell 0.36% to 1.87 million tonnes as skyrocketing exports offset an uptick in production.
According to a report, palm oil stockpiles in Malaysia probably eased from a one-year high, as a strong recovery in exports countered a small rise in production
In spot market, Crude palm oil gained by 15.2 Rupees to end at 1167.6 Rupees
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