CBOT soybean down on profit booking post 6-wk high
Ram Gopal Yadav (7 years ago)

The March contract of soybean on CBOT fell as investors booked profits after prices hit an over six-week high of $9.8875 per bushel. The most-active March contract of soybean on the Chicago bourse was at $9.8475 per bushel, down 0.2% from the previous close. Prices of soybean on CBOT rose for the last eight trading days due to concerns over prevailing dry weather in Argentina.

Rabi crops to gain as cold wave slated to continue for two days
Ram Gopal Yadav (7 years ago)

The rain spell on Tuesday over the northern plains leading to drop in temperatures and cold weather conditions would benefit standing rabi crop, especially wheat, gram and mustard. The weather office has forecast cold wave conditions to continue over Punjab, Haryana, west UP and north Rajasthan for the next two days. It is especially beneficial for wheat, gram, mustard and other rabi crops.Overall the acreage is down for oilseed, but if the rains in January and February are good then we can make up in yields. Mustard requires 2-3 spells of rain and the current spell will be beneficial