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Soyabean

Soyabean trading range for the day is 8434-9412.

Soyabean gained as in Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm.

China expected to increase soybean purchases this year

As per the USDA report the 2021/22 global oilseed supply and demand forecasts include lower production, crush, exports

At the Indore spot market in top producer MP, soybean gained 132 Rupees to 9783 Rupees per 100 kgs.

Mustard seed

Rmseed trading range for the day is 8283-8555.

Rmseed prices gained amid regular demand from the stockists and lowering all India arrivals.

In their August report, the IGC lowered their forecast for the world rapeseed production to 70.9 million tons.

USDA estimates Canada rapeseed production for marketing year 2021/22 at 16.0 million metric tons (mmt), down 4.2 mmt (21 percent) from last month

In Alwar spot market in Rajasthan the prices gained 141.6 Rupees to end at 8555.5 Rupees per 100 kg.

Soya oil

Ref.Soya oil trading range for the day is 1381-1417.

Ref soyoil dropped amid reports of Brazil harvesting a bigger crop from last year and India to allow soymeal import.

However downside seen limited amid lingering concerns over tight supply.

Edible oil prices are likely to remain elevated till the arrival of new crop in the October-November period, industry officials said.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1413.65 Rupees per 10 kgs

Crude palm oil

CPO trading range for the day is 1135.2-1171.

Crude palm oil dropped as Malaysia's palm oil inventories at the end of August jumped to its highest in over a year

Palm oil stockpile rose 16.3% from July to 1.74 million tonnes, its highest since June last year.

Output in the world's second-biggest palm oil producer rose 11.2% to 1.7 million tonnes, peaking at a 10-month high.

In spot market, Crude palm oil gained by 0.6 Rupees to end at 1195.5 Rupees

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