IGI Logo

Soyabean

Soyabean trading range for the day is 5392-6050.

Soyabean dropped amid new crop arrivals and the commencement of soymeal imports.

Latur Agriculture Produce Market Committee (APMC), reported arrivals of 15,000 quintals

Soyabean damaged on 8 lakh ha; crop health poor in 13% of planted area, says SOPA

At the Indore spot market in top producer MP, soybean gained 132 Rupees to 5971 Rupees per 100 kgs

Rmseed

Rmseed trading range for the day is 8342-8598.

Mustard seed dropped on profit booking after prices seen supported in recent sessions due to deficient stocks and peak consumption season.

Statistics Canada cut its canola production estimate to a 13-year low, due to drought.

Government has increased the Mustard seed MSP from 4650.00 to 5050 i.e Rs.400 per quintal for RMS 2022-23.

In Alwar spot market in Rajasthan the prices gained 141.6 Rupees to end at 8728.4 Rupees per 100 kg.

Ref.Soya oil

Ref.Soya oil trading range for the day is 1313-1341.

Ref soyoil seen supported as oilseeds output is also expected to be down a tad at 23.38 mt

India’s Sept edible oil stocks at ports and pipelines rose 3.24 percent mom: SEA

U.S. August soybean oil stock seen at 1.668 billion pounds: NOPA

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1339.4 Rupees per 10 kgs.

Crude palm oil

CPO trading range for the day is 1119.1-1148.9

Crude palm oil prices seen supported underpinned by signs of slowing production and a recovery in rival soyoil prices.

Southern Peninsula Palm Oil Millers' Association estimated Malaysia's production during Sept. 1-20 fell 4.5% from the same period in August.

Malaysia’s September 1-20 palm oil exports shoots up

In spot market, Crude palm oil gained by 0.6 Rupees to end at 1149.8 Rupees.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer