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Soyabean

Soyabean trading range for the day is 6244-6704.

Soyabean prices dropped as India's soybean planting could rise by over 10% on record prices

China Jan-May soybean imports up 12.8% at 38.23 million tonnes

Indian farmers are likely to expand their soybean planting area by more than a tenth in 2021

At the Indore spot market in top producer MP, soybean dropped -262 Rupees to 6846 Rupees per 100 kgs

Mustard seed

Rmseed trading range for the day is 6337-6647.

Mustard seed dropped as U.S. rapeseed production is forecast to reach a record 1.8 million tons on record area and trend yield.

Canada rapeseed production is projected at 20.5 million tons, up 1.5 million on greater area.

The arrival of mustard in the mandis has decreased at all places in the country.

In Alwar spot market in Rajasthan the prices dropped -199.5 Rupees to end at 6758.5 Rupees per 100 kg.

Soya oil

Ref.Soya oil trading range for the day is 1185-1297.

Ref soyoil prices dropped amid worries over a possible U.S. move to reduce biodiesel production.

Pressure also seen after update that the government will reduce the import duty on edible oil and decision could be made soon.

Indian farmers are likely to expand their soybean planting area by more than a tenth in 2021.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1282.6 Rupees per 10 kgs.

Crude palm oil

CPO trading range for the day is 936.8-1078.6.

Crude palm oil dropped as India is considering reducing import taxes on edible oils after cooking oil prices hit record highs last month

Indonesia's April palm oil exports at 2.64 mln tonnes – GAPKI

May palm oil stocks rose 1.5% to 1.57 mln T – MPOB

In spot market, Crude palm oil dropped by -62.5 Rupees to end at 1045.5 Rupees

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