Soyabean trading range for the day is 4525-4699 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Soyabean
Soyabean trading range for the day is 4525-4699.
Soyabean gained tracking rise on CBOT prices on worried about tightening U.S. and global soyoil supplies
Rains disrupted harvest in Brazilian soybean-growing areas, slowing down field work in the world's largest soy producer
Support also seen amid private sales of 136,000 tonnes of U.S. cargoes to China and 163,290 tonnes to Mexico
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 4661 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 5329-5665.
Mustard seed prices gained as support seen amid crop damage in north due to cold waves.
The latest Government data shows that the planted area in Mustard has so far reached 73.25 Lakh hectares
India’s 2020-21 mustard crop may touch 100 lakh ton-level due to higher sowing and conducive weather. Sowing
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 6109.4 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1055-1137.
Ref soyoil prices gained amid supply concerns due to poor weather conditions in Latin America and strong demand from China.
The sowing of oilseed crops has increased to 81.80 lakh hectares in the current Rabi whereas till this time last year, it was sown only in 77.79 lakh hectares.
NOPA members, which handle about 95% of all soybeans processed in US, were estimated to have crushed a near-record 185.175 mln bushels
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1076.2 Rupees per 10 kgs.
CPO
CPO trading range for the day is 922.1-989.1.
Crude palm oil prices ended with gains on short covering amid boosted by supply concerns.
Indonesia sets lower crude palm oil exports tax, levies in FebMalaysia's commodities ministry forecast crude palm oil production at 19.7 million tonnes in 2021, rising from 19.14 million tonnes last year.
In spot market, Crude palm oil gained by 5.8 Rupees to end at 939.8 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
