Rmseed trading range for the day is 8499-8689 - Kedia Advisory
Soyabean
Soyabean trading range for the day is 5718-6178.
Soyabean gained as India's soybean production may decline sharply in the marketing year 2021-22
India’s Aug’2021 soymeal exports declined by 81%, Oil meal export down by 4%
U.S. September 2020/21 Soybean end stocks estimate at 185 million bushels: USDA
At the Indore spot market in top producer MP, soybean gained 132 Rupees to 6409 Rupees per 100 kgs
Rmseed
Rmseed trading range for the day is 8499-8689.
Mustard seed dropped after it took several measures to boost domestic supply and curb hoarding.
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 8818.5 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1284-1310.
Ref soyoil prices gained as oilseeds output is also expected to be down a tad at 23.38 mt as soyabean production was affected
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 1329.5 Rupees per 10 kgs
Crude palm oil
CPO trading range for the day is 1107.9-1133.9.
CRUDE PALM OIL SYNOPSIS OI STATUS Short Covering Short Covering Crude palm oil gains 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 1136.8 Rupees.
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