Australia 2017-18 canola output seen 26% down on year.

Australia 2017-2018 canola output is seen at 3.12 million tonne, down 26% on year, due to seed shortages and inadequate rains. Patchy and light rains so far and forecast of insignificant rains over the next few weeks has dented outlook for canola harvest.

NCDEX mustard seed at 2-month high on oil, seed demand.

Futures contract of mustard seed hit a two-month-high of 3,657 rupees per 100 kg because of strong demand for the edible oil and seed for crushing. On NCDEX, the July contract was at 3,642 rupees per 100 kg, up 0.8% from previous close, while the most-active August contract was up 0.9% at 3,682 rupees. Higher demand for the edible oil has led to an increase in oilseed purchases, and is supporting upside in mustard seed prices.

Mustard up in Jaipur on higher demand from stockists.

Prices of mustard seed in Jaipur extended Saturday gains due to improved demand from domestic stockists after a recent fall in prices. In Jaipur, the benchmark market, the oilseed was sold up 30 rupees from previous close. Arrivals across the country were estimated at 130,000 bags (1 bag = 85kg), compared with 115,000 bags on previous close.

India June mustard crushing 550,000 tonne, down 23% on month.

Oil mills in the country crushed 550,000 tonne mustard seed in June, 23% lower from the previous month. Mills had crushed about 712,500 tonne the oilseed in May. Oil mills have crushed about 2.9 million tonne mustard since the start of the crushing season since Feb 15, as against total arrivals of 3.4 million tonne during the period.