CBOT soybean up on less rains in US, jump in export.
Ram Gopal Yadav (8 years ago)

Soybean futures contracts on the CBOT were up due to less-than-expected rainfall in some parts of Illinois and Iowa, the largest soybean producing states of the US Midwest region. Contracts gained also due to stronger-than-expected weekly US soybean exports data. The quantum of soybean crushed in the US in July was higher on month, which supported the prices of the oilseed on the CBOT. The most-active November CBOT soybean contract was up 0.2% from the previous close.

NCDEX soybean up on crop concerns in Madhya Pradesh.
Ram Gopal Yadav (8 years ago)

Futures contracts of soybean on the NCDEX were up due to concerns over a drop in output after below-normal rainfall in parts of Madhya Pradesh. The most active October contract on NCDEX was up 0.2% from the previous close. Madhya Pradesh, the country largest soybean producer, has so far received 492.4 mm rainfall, 22% below normal. There are also concerns of crop damage due to insect attacks in some parts of the state. Prices also rose taking cues from the benchmark contracts on the CBOT, which were up due to stronger-than-expected weekly data on US soybean exports.

Jaipur mustard seed at 4-mo high on seasonal demand.
Ram Gopal Yadav (8 years ago)

Seasonal demand for mustard oil has lifted seed prices to a four-month high in Jaipur, the benchmark market for the oilseed. Demand for mustard oil increases during rainy season, thereby improving demand for the seed. A fall in arrivals coupled with improved demand from domestic oil millers and crushers also supported prices.

Sri Lanka ups sugar import tax on low global prices.
Ram Gopal Yadav (8 years ago)

Sri Lanka raised import tax on sugar by 8 Sri Lankan rupees (3.3 Indian rupees) per kg on Tuesday as prices of the sweetener declined in global markets. Prices of sugar in international markets are currently low due to a rise in output in Brazil, among the world’s largest producers and exporters of the commodity. Mills in Brazil Centre-South region produced 3.41 million tonne sugar in the second fortnight of July, up 9.5% from 3.12 million tonne in the year-ago period, the country sugarcane industry association.

India Sugar poor demand drags down sugar prices in north India.
Ram Gopal Yadav (8 years ago)

Prices of sugar fell in the key wholesale markets of north India due to sluggish demand from bulk buyers. Mills are quoting lower prices to trigger demand as crushing is expected to start earlier than usual in 2017-18 (Oct-Sep) and so they want to clear their stocks and book profits. Prices of the sweetener remained steady in the key wholesale markets of Maharashtra today amid thin trade.