India edible oil Up; soybean rises 2%.
Ram Gopal Yadav (7 years ago)

Futures contracts of all components of edible oil basket rose on domestic exchanges. The most-active March contract of soybean closed nearly 2% higher on the National Commodity and Derivatives Exchange due to a pickup in demand from crushing plants. Refined soyoil on the NCDEX and crude palm oil on the Multi Commodity Exchange rose due to robust demand in the wholesale markets. Gains in key crude palm oil contracts on the Malaysian bourse also supported prices on the Indian exchange

Coriander down in Kota on low demand for new crop
Ram Gopal Yadav (7 years ago)

Prices of coriander fell in Kota, the benchmark market, because of higher arrivals and weak demand for the new crop as it contains high moisture. Moisture content currently in the new crop is quite high than the desired level of 78%.

CBOT soybean up on weather concerns in Argentina
Ram Gopal Yadav (7 years ago)

Futures contracts of soybean on NCDEX rose around 2% due to concerns over fall in Argentina’s output due to persistent dry weather in the country. The most active March contract on the CBOT was at $10.0125 a bushel, up 1.9% from the previous close. US Department of Agriculture, in its February report, lowered its production estimate of soybean in Argentina to 54 mln tn, down 2 mln tn from its previous forecast. Weakness in dollar index is also seen supporting prices of soybean in the global market.