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Soyabean

Soyabean trading range for the day is 9091-10235.

Soyabean prices seen supported as Soyabean output seen shrinking as Madhya Pradesh farmers shift to paddy.

In Rajasthan, Soyabean sowing is done in 1002.94 thousand hectares down by -2.9% compared to last year.

USDA reported that the condition of crops unexpectedly deteriorated last week.

At the Indore spot market in top producer MP, soybean gained 181 Rupees to 10062 Rupees per 100 kgs.

Mustard seed

Rmseed trading range for the day is 7631-8039.

Mustard seed gained as production in Canada in 2021 expected to drop by 1.7 million tons to 16.9 million tons.

Mustard arrivals in its major producing states i.e. Rajasthan, Madhya Pradesh, Uttar Pradesh and Gujarat improved.

In 2022-22 marketing year (Mar-Feb), total arrivals reported were up by 309% as compared to the arrivals during the corresponding period last year.

In Alwar spot market in Rajasthan the prices gained 103 Rupees to end at 7943 Rupees per 100 kg.

Soya oil

Ref.Soya oil trading range for the day is 1378-1418.

Ref soyoil gained as prices seen supported by lingering concerns over tight supply.

However upside seen limited as overall area for oilseed covered to 164.43 lakh ha area more by 5.28 lakh ha.

China's 2020/21 edible oils imports were seen at 10.23 million tonnes, up 900,000 tonnes from last month's forecast.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1412.2 Rupees per 10 kgs.

Crude palm oil

CPO trading range for the day is 1105.5-1158.3.

Crude palm oil gains amid concerns over tight production also supporting sentiment.

July production is expected to remain tight despite estimates of output ticking up in some regions amid the peak production season.

Investors are awaiting estimates for July supply and demand data, typically released ahead of MPOB data scheduled for Aug. 11.

In spot market, Crude palm oil gained by 17.2 Rupees to end at 1169.1 Rupees.

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