Soya complex rules firm

Amid subdued demand and buying, both soy oil and soybean prices firmed up at the mandis in Indore. Soybean went for ₹3,250-75 a quintal, while plant deliveries fetched ₹3,325 amid weak availability of stock with the crushers. Soya […]

Soybean inventories pile up amid US-China trade battle

Soybean shipments to China dropped sharply in mid-October from a year earlier and are expected to continue falling. China placed a 25% tariff on US soybeans to retaliate against the Trump administration. Watch soybeans trade live. As […]

Global cues drag soy complex

Weak global cues, physical demand and the proposed reduction in Customs duty on palm oil from December had a bearing on majority of oils in the Indore mandis with palm oil declining to ₹715 for 10 kg. […]

India soybean complex 29 Oct 2018

After a continues gains, soybean prices declined on Friday. NCDEX soybean future prices fell almost Rs.26 or 0.8% before correction, soybean futures touched day’s high level of Rs.3,316 despite on seasonal higher arrivals in physical markets, […]

Soya declines on bonus issue

With an uncertainty looming large over payment of bonus to soybean farmers by the State government on account of imposition of an electoral code of conduct in the poll-bound Madhya Pradesh, soybean prices in Indore mandis […]

India soybean settles lower on rising supply.

The October contract of soybean on the National Commodity & Derivatives Exchange settled 0.8% lower due to rising supply of fresh crop in wholesale markets. Supply of new crop of soybean in spot markets across the country was at 500,000 bags (1 bag = 100 kg). After hitting a two-week low of 4,112 rupees per 100 kg, the October contract of mustard seed on NCDEX closed lower due to subdued demand from oil millers. In Jaipur, prices of the oilseed were 4,225-4,250 rupees per 100 kg, down 50 rupees from previous close.

Soybeans hit 6-week high as rains delay US harvest.

Chicago soybean prices rose for a second consecutive session, hitting their highest in more than six weeks as rains in parts of the U.S. Midwest delay the harvest of what is expected to be a record crop. The most-active soybean contract on the Chicago Board of Trade was up 0.3 percent at $8.71-1/4 a bushel, after earlier touching its highest since Aug. 22 at $8.75. Rains across the U.S. Midwest are delaying harvesting and stoking fears of crop damage. Brazilian soybean producers have sold 27.3 percent of the crop that will start to be collected around January, compared with 14.1 percent that had been sold at this time last year. China soymeal futures climbed more than 2.5 percent to a record 3,457 yuan ($501.37) per tonne amid ongoing concerns about the trade war.