Soyabean trading range for the day is 5152-5534 - 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 5152-5534.
Soyabean prices gained as support seen after China's soybean imports are forecast to reach a record 100 million metric tons
However upside seen limited amid improved crop weather in South America and expectations for large U.S. planting increases this spring
The impact of the increasing African swine fever has helped to reduce the demand for soybean
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5532 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 5394-5652.
Mustard seed dropped as the arrival of mustard in the entire country has increased from 10.55 lakh bags to 10.75 lakh bags
Pressure also seen due to projections of a record harvest, with the harvest season just about starting.
However downside seen limited as support seen as fewer carry-forward stocks this year resulted in higher prices.
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 5471 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1199-1281.
Soyoil prices ended with gains on short covering due to tightening global supplies
However upside seen limited due to better crop weather in drought-hit South America.
The U.S. soybean crush was well below trade expectations in February, sinking to the lowest in 17 months
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1245.8 Rupees per 10 kgs.
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
