Soyabean Trading Range For The Day Is 4100-4384

Soyabean trading range for the day is 4100-4384.

Soyabean dropped tracking weakness in overseas prices as concerns over Chinese demand and expectations of a record Brazilian crop.

India may get lower Soybean crop of this season and expect total 12.15 million tonnes lower by 12%

Unseasonal rainfall is damaging the Kharif soybean crops mainly in Maharashtra.

At the Indore spot market in top producer MP, soybean gained 47 Rupees to 4252 Rupees per 100 kgs.

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Soyabean Gained On Fears Of Damage To Standing Crops Due To Prediction

Soyabean trading range for the day is 3616-3690.

Soyabean gained on fears of damage to standing crops due to prediction of heavy rains over Madhya Pradesh.

Crop loss in Madhya Pradesh and bleak yield expectation from Rajasthan will reduce India's soybean output to around 95-100 lakh tonnes.

Indian soymeal exports, facing a stiff competition from its North American and South American peers.

At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3771 Rupees per 100 kgs.

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Soyabean Prices Dropped As Pressure Seen On Expectation Soybean Yield

Soyabean trading range for the day is 3521-3655.

Soyabean prices dropped as pressure seen on expectation soybean yield is likely to increase in Madhya Pradesh.

Soybean acreage is reported at 112.51 lakh hectares as compared to 111.49 lakh hectares last year same period.

As per the Fourth advance crop estimates 2018-19, Soybean production is estimated at 137.86 lakh tonnes as against 109.33 lakh tonnes in 2017-18.

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Soyabean Gained On Short Covering Tracking Firmness In Overseas Prices

Soyabean trading range for the day is 3565-3719.

Soyabean gained on short covering tracking firmness in overseas prices after prices remained under pressure tracking monsoon revival and good supplies.

India 2019-20 soybean sowing at 109.84 lakh ha vs 110.72 lakh ha year ago: Govt

Late planting of the crop in the US this year due to excess rains and flooding in the Midwest is likely to hurt yields

At the Indore spot market in top producer MP, soybean gained 31 Rupees to 3696 Rupees per 100 kgs.

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Soyabean Trading Range For The Day Is 3558-3628

Soyabean trading range for the day is 3558-3628.

Soyabean dropped tracking weak demand at the domestic spot market, however losses were capped by lower area under soybean in the Kharif sowing season so far.

The USDA report showed the estimate for US soybean ending stocks for the 2018-19 crop year declined 45 million bushels since December to 910 million bushels.

As per data released by SEA, soy meal exports down by 82.5% in June to 18,185 tonnes compared to last year.

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Soyabean Trading Range For The Day Is 3617-3661

Soyabean trading range for the day is 3617-3661.

Soyabean prices gains as support seen after IMD said India may receive below-average rainfall in the next two weeks with a large deficit in the soybean regions.

Government hike minimum support price by 9% or 311 rupees to 3,710 per 100 kg for 2019/20.

China's soybean imports fell 25% in June from the same month last year, according to customs data.

At the Indore spot market in top producer MP, soybean dropped -5 Rupees to 3692 Rupees per 100 kgs.

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Soyabean Trading Range For The Day Is 3524-3662

Soyabean trading range for the day is 3524-3662.

Soyabean settled down dropped due to disappointed meal exports figures and tracking good monsoon progress which will improve sowing prospects.

Pressure also seen after update growing central regions received 43 percent more rainfall in the week.

As per data released by SEA, soy meal exports provisionally down by 82.5% in June to 18,185 tonnes compared to last year.

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Soyabean Gained Amid Fear Of Delay In The Arrival Of Monsoon Rains

Soyabean trading range for the day is 3582-3676.

Soyabean gained amid fear of delay in the arrival of monsoon rains in producing regions. 

However, upside seen limited amid higher supplies in domestic market because of increased 2018-19 output.

As per latest SOPA press release, soybean arrivals for the Oct-Apr period pegged at 81 lt, up by 21.8% on year.

At the Indore spot market in top producer MP, soybean gained 2 Rupees to 3725 Rupees per 100 kgs.

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Soyabean Dropped On Profit Booking Amid Slack Demand Of Soymeal

Soyabean trading range for the day is 3660-3742. 

Soyabean dropped on profit booking amid slack demand of soymeal for export and domestic market.

SEA revised March 2018 exports figures to 2.15 lt which is highest single month exports in last 26 months.

Market participants are cautious and are keenly watching the progress of monsoon to get fresh directions.

At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3878 Rupees per 100 kgs.

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Soyabean Trading Range For The Day Is 3696-3764

Soyabean trading range for the day is 3696-3764.

Soyabean gained due to strong physical demand from domestic markets amid diminished arrivals from growing belts.

As per latest SOPA press release, soybean arrivals for the Oct-Apr period pegged at 81 lt, up by 21.8% on year.

Until now, country crushed about 62 lt of soybean compared to 55.5 lt last year for same period.

At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3872 Rupees per 100 kgs.

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Soyabean Trading Range For The Day Is 3754-3838

Soyabean trading range for the day is 3754-3838.

Soyabean prices gained as arrivals are diminishing while demand is on rise on forecast on below normal rains in monsoon season by Skymet.

Monsoon rains are likely to enter India through the southern coast on June 6, the weather office said.

As per SEA, soymeal exports are revised higher to 13.58 lt, up 14.3% in 2018/19.

At the Indore spot market in top producer MP, soybean gained 32 Rupees to 3877 Rupees per 100 kgs.

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Soyabean Settled Flat On Higher Domestic Output And Weak Demand

Soyabean trading range for the day is 3694-3760.

Soyabean settled flat on higher domestic output and weak demand from millers due to forecast of near normal monsoon forecast by IMD.

Soybean arrivals for the Oct-Mar period are pegged at 77 lt, up by 23.2% on year by SOPA.

In the US, soybean inventories have swelled as the U.S.-China trade has hurt shipments of American soy to Chinese buyers.

At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3855 Rupees per 100 kgs.

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Soyabean Trading Range For The Day Is 3732-3808

Soyabean trading range for the day is 3732-3808.

Soyabean dropped as traders are cautious and waiting for the 2019 monsoon forecast, which may be announced early next week.

Higher availability of soybean with planters and traders due to bumper 2018-19 output also weighed.

The USDA in its monthly report trimmed its forecast of U.S. 2018/19 soybean stocks to 895 million bushels, down from 900 million in March.

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Soyabean Prices Ended With Losses Triggered By Subdued Demand

Soyabean trading range for the day is 3734-3860.

Soyabean prices ended with losses triggered by subdued demand at the domestic spot market and higher output projection.

India's 2018-19 soybean output is projected 24.7% higher at 13.69 million tons as per second advance estimates released by agriculture ministry.

As per the Second Advance Estimates for 2018-19 crops, Soybean production is estimated higher by 20 per cent at 136.89 lakh tonnes.

At the Indore spot market in top producer MP, soybean dropped -18 Rupees to 3913 Rupees per 100 kgs.

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Jeera Prices Dropped Amid Higher Availability In The Physical Market

Jeera trading range for the day is 15465-15945.

Jeera prices dropped amid higher availability in the physical market and expectation of improved crop prospects.

India's cumin seed output is set to touch 4,16,000 tons for 2019, about 9% higher than the previous year.

Amid increased production and a carryover stock of about 27,500 tons, the trade has set its eyes on the crop from international suppliers.

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Turmeric Prices Dropped Because Of Improvement In New Crop Arrivals.

Turmeric trading range for the day is 6022-6162.

Turmeric prices dropped because of improvement in new crop arrivals.

However, farmers in key growing states are trying to build pressure on the government to start procurement of the spices.

There were also concerns that drought conditions and cold weather will affect the crop production.

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Mustard Seed Gained On Short Covering After Prices Dropped On Expectation

Rmseed trading range for the day is 3789-3897.

Mustard seed gained on short covering after prices dropped on expectation of higher production prospects this year.

Mustard production is forecast about 84 lakh tonnes, up 1% y/y, in second advance estimate for 2018-19 by Government.

As per SEA, the production will be higher by about 19% this season to over 81 lakh tonnes due to better climate and higher area.

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Mentha Oil Trading Range For The Day Is 1584.7-1640.3

Mentha oil trading range for the day is 1584.7-1640.3.

Mentha oil spot at Sambhal closed at 1725.30 per 1kg. Spot prices was up by Rs.4.40/-.

Mentha oil settled up amid improved demand from consuming industries at the domestic spot market.

Further, lower arrivals from major producing belts of Chandausi in Uttar Pradesh also supporting prices.

However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

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Soyabean Gained On Short Covering After Prices Dropped

Soyabean trading range for the day is 3593-3685.

Soyabean gained on short covering after prices dropped due to low physical demand and sufficient stocks due to higher production this season.

As per latest press release by SOPA, India’s soybean output is higher by 38% at 114.8 lt this year due to increase in average yield across the country.

Soybean output in Maharashtra is estimated to rise by 32 per cent to 3.84 million tonnes for this year from 2.91 million ha last year.

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Crude Palm Oil Dropped Pressured By Weaker Spot Demand

CPO trading range for the day is 546.7-554.1.

Crude palm oil dropped pressured by weaker spot demand and forecast that Malaysia’s February palm output will be higher than usual.

Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.

Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.

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