Mentha oil Daily Highlights
Trading Ideas:
# Mentha oil trading range for the day is 1187.5-1224.1.
# Mentha oil spot at Sambhal closed at 1339.50 per 1kg. Spot prices was down by Rs.-6.40/-.
# Mentha oil dropped after the speculation that new season's sowing is about to start in the major belt of UP
# Farmers got good prices so it is expected that mentha cultivation is expected to be higher for 2020-21
# Pressure also seen after the Bihar state government has completely banned all types of pan masala.
Soyabean Daily Highlights
Trading Ideas:
# Soyabean trading range for the day is 4013-4137.
# Soyabean gained as value buying as Chicago soybean futures edged higher
# Market took a breather after dropping to a more than one-month low earlier this week
# The USDA said, that soybean production reached 3.56 billion bushels in the past year, rising by 8 million bushels above average
# At the Indore spot market in top producer MP, soybean gained 46 Rupees to 4186 Rupees per 100 kgs
Ref.Soya oil Daily Highlights
Trading Ideas:
# Ref.Soya oil trading range for the day is 848-876.
# Ref.Soya gained on increased buying tracking firm trend in soybean prices.
# The total area under Oilseeds is reported lower by 1.3 lakh hectares to 71.79 lakh hectares against 73.08 lakh hectares in the previous year
# The country’s oil meals export fell sharply by 79.20 per cent to 67,562 tonne in December 2019, due to price disparity in soybean meal, industry body SEA said
# At the Indore spot market in Madhya Pradesh, soyoil was steady at 881.05 Rupees per 10 kgs.