Soyabean trading range for the day is 7225-7535 - 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 7225-7535.
Soyabean prices gained tracking rise in overseas prices as global supply tightens, and demand persists.
USDA said soybean export sales totaled 731,500 tonnes, topping forecasts that ranged from 100,000 tonnes to 700,000 tonnes.
Russia plans to reduce export tax on soybeans from July 1
At the Indore spot market in top producer MP, soybean gained 177 Rupees to 7758 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 6973-7385.
Mustard seed prices gained as crushing as increased due to rise in mustard oil demand.
A total of 1.2 million tonnes of mustard crushing occurred compared to 5.50 lakh tonnes.
The stock of mustard with farmers is estimated to be 62.50 lakh tonnes and processors and stockists have a stock of six lakh tonnes of mustard.
In Alwar spot market in Rajasthan the prices gained 105 Rupees to end at 7325 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1389-1425.
Refsoyoil prices gained amid worries about global edible oils supply.
However upside seen limited after reports that summer oilseed crop sowing progress is very good as on date.
There is no impact of COVID-19 pandemic situation on progress of area coverage under summer crops in the country.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1469.25 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 Disclaime
