NCDEX coriander contracts fall on profit booking
Ram Gopal Yadav (7 years ago)

Futures contracts of coriander were down on the NCDEX because traders booked profits after the December futures hit a seven-month high. The most active January contract ended down 0.3% from the previous close. The prices had risen earlier in anticipation of lower acreage under the spice in the major growing states of Gujarat and Rajasthan in the ongoing rabi season.

US soybean oil weekly net export sales grew 9,444 mt, or 181.5% on week
Ram Gopal Yadav (7 years ago)

Soybean oil net export sales increased to 21,029 mt for the reporting week ended November 30, from 11,585 mt the week prior. Weekly physical exports for soybean oil decreased by 28,559 mt to 2,152 mt. The top countries to which the US sold current marketing year soybean oil last week were South Korea at 8,000 mt, Cuba at 7,600 mt and Nicaragua at 4,000 mt. The top weekly physical soybean oil export destinations were Mexico at 1,589 mt, Canada at 477 mt, and Trinidad and Tobago at 66 mt.

India Mustard seed futures drop 0.60 per cent
Ram Gopal Yadav (7 years ago)

Mustard seed traded lower by 0.60 per cent in futures trade as speculators offloaded holdings in line with a weak trend at the physical markets. The most-active delivery in January month contract also fell by 0.42 per cent.

Spices Most seen down; coriander up as area may fall
Ram Gopal Yadav (7 years ago)

Futures contracts of spices, except coriander, may decline on domestic exchanges next week. Futures contracts of coriander, however, may gain as acreage under the crop is expected to fall in the ongoing rabi season. Farmers shifted to chana due to unattractive prices of coriander in the last season and poor rainfall during Jul-Sept.

Abares raised its estimate for Australia’s 2017-18 canola
Ram Gopal Yadav (7 years ago)

Abares raised its estimate for Australia’s 2017-18 canola crop by 100,000 tonnes to 2.85m tonnes, citing an improvement to prospects in Western Australia, which more than offset the setbacks in New South Wales from extremes of excessive wemetric tonneess, following on from drought.

Ukraine decline in sunseed crushing this season
Ram Gopal Yadav (7 years ago)

Sunoil production by large and medium-sized crushers totaled 508.7 KMT in October 2017/18, or 47% more than in September (345.8 KMT), but 1.3% below October’s record of 515.6 KMT registered in MY 2016/17. Sunseed crushing volumes hold at a high level early in the current 2017/18 season, but sunoil output is down 6.6% from last year’s record, at 854.5 KMT against 915.4 KMT a year ago.

CBOT soyoil hits two-month low on Malaysia CPO cues
Ram Gopal Yadav (7 years ago)

Futures contracts of soyoil on the CBOT hit a near two-month low of 32.93 cents per pound. Tracking losses in crude palm oil contracts on the Bursa Malaysia Derivatives. Prices of crude palm oil and soyoil typically move in tandem, as they are used as substitutes for each other. The most-active January contract of soyoil on the CBOT was at 32.95 cents per pound, down 0.7% from the previous close.

Mustard down in Jaipur as high prices weigh on demand
Ram Gopal Yadav (7 years ago)

Prices of mustard seed fell in the key wholesale market of Jaipur, Rajasthan. Despite lower acreage under the crop in 2017-18, higher carryover stocks of the seed in the local market are seen weighing on the sentiments. The most active January contract of mustard seed on the NCDEX traded down 0.7% taking cues from the spot market.

CBOT soybean down on lower demand for US crop October
Ram Gopal Yadav (7 years ago)

Futures contracts of soybean were down on lower demand for the US crop in October. The most-active January soybean contract on CBOT was at $9.99 per bushel, down 0.4% from the previous close. Sharp downside in prices is unlikely as the crop in Argentina may be hit due to dry weather.

Soybean prices rise in Indore as arrivals slide
Ram Gopal Yadav (7 years ago)

Prices of soybean in Indore rose due to lower arrivals of the oilseed in the spot market. Improved demand from crushers due to rising soymeal exports is also seen supporting prices. The most-active January contract of soybean was, however, down 21 rupees on the NCDEX.