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SOYABEAN

Soyabean trading range for the day is 7361-7795.

Soyabean dropped on profit booking after prices seen supported as the area is expected to decline amid less rain

The USDA said U.S. farmers planted soy on 87.555 million acres, below analysts' expectations for 88.955 million.

CME raises soybean futures maintenance margins by 11.1% to $5,000 per contract from $4,500 for July 2021

At the Indore spot market in top producer MP, soybean dropped -65 Rupees to 7569 Rupees per 100 kgs.

RMSEED

Rmseed trading range for the day is 7009-7311.

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

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

However downside seen limited as the arrival of mustard in the mandis has decreased at all places in the country.

In Alwar spot market in Rajasthan the prices gained 164 Rupees to end at 7376.5 Rupees per 100 kg.

SOYOIL

Ref.Soya oil trading range for the day is 1240-1334.

Ref soyoil dropped on profit booking after prices gained as concerns over tightening edible oil supply underpinned prices.

India has slashed the base import price of palm oil and soyoil, the government said in a statement, as prices fell in the overseas market.

India exported 5.31 lakh tonnes of oilmeals in the first two months of the fiscal 2021-22 against 3.50 lakh tonnes in the same period a year ago

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1316.75 Rupees per 10 kgs.

CRUDE PALM OIL

CPO trading range for the day is 964-1068.2.

Crude palm oil dropped as export demand from top buyer India eased during the day and expectations of an increasing stockpile weighed on sentiment

India declared that the import of refined palm oil is amended from 'Restricted' to 'Free', allowing imports of the product for six months.

Malaysia's palm oil inventories at the end of June likely hit a nine-month high as production jumped

In spot market, Crude palm oil dropped by -0.8 Rupees to end at 1045.2 Rupees.

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