NCDEX coriander falls 2% on high carryover stocks
Ram Gopal Yadav (7 years ago)

Futures contracts of coriander on NCDEX today fell over 2% due to higher carryover stocks from last season and expectations of a rise in arrivals of the new crop from February. The most active April contract of coriander on NCDEX traded at 5,756 rupees per 100 kg, down 2.3% from the previous close. Lower arrivals prevented prices from falling amid anticipation of a rise in supply soon.

Argentina soy yields to fall 13%.
Ram Gopal Yadav (7 years ago)

Argentinian production of soybean is to hit a five-year low of 52 million mt in the 2017/18 crop year, as yields are expected to fall to 13% to 2.9 tonnes per hectare. A lack of rainfall over the past two months has been the main reason for the yield write-down, which will see production fall 9% below the previous crop year and 8% on the previous five-year average. The board expects the planting area to be 18.5 million hectares, although that figure is down on the 18.8 million hectares that were expected to be planted due to a lack of rain. The damaging effect of the moisture deficit is not limited to the smaller area planted, but the emergence of seedlings in these conditions have already forced us to discount potential yields in the new campaign.

NCDEX soybean down 2% on profit booking post high
Ram Gopal Yadav (7 years ago)

The most active February contract traded at 3,743 rupees per 100 kg, down 1.8% from the previous close, after hitting the 3% lower circuit. A 20,070-tn fall in open interest of February contract to 202,500 tn indicated profit booking. The contract hit the high on reports Madhya Pradesh revised its production view downward.

Higher price hits demand for soybean in Indore
Ram Gopal Yadav (7 years ago)

Prices of soybean in Indore, Madhya Pradesh fell as demand from domestic oil millers. A rise in arrivals also put pressure on soybean prices. Supplies have increased because farmers have offloaded more to avail better prices.