Europe’s animal feed prices rise ahead of USDA report

Prices in Europe’s animal feed meal market rose, supported by the previous day’s rise in Chicago soymeal, ahead of world crop forecasts from the U.S. Department of Agriculture (USDA). The only significant trade reported was in rapeseed meal, which traded at 233 euros ($276.62) a tonne free on truck for prompt delivery in Hamburg.

Canada Canola steady; anticipation of new stock data

The ICE Futures Canada canola market ended mixed. The front-month July contract was boosted by gains in soyoil while the more deferred contracts were pressured by strength in the Canadian dollar. Traders were positioning themselves ahead of North American stocks data. Spring seeding is in full bloom and most farmers are too busy to do much selling, which lifted the market. As well, some parts of Alberta are currently too wet to seed. Most analysts expected U.S. ending stocks to be around around the 2.18 billion bushel mark, which would be slightly bearish for prices.

Haryana cooperative purchases over 1.93 lakh MT mustard

Haryana State Cooperative Supply and Marketing Federation has so far purchased over 1.93 lakh metric tonnes of mustard in the current purchase season. As many as 99,501 farmers have so far been benefited with this purchase. 42,558 metric tonnes of mustard has been purchased in district Bhiwani, 9,122.30 metric tonnes in Charkhi Dadri, 5,734.90 metric tonnes in Fatehabad, 11,635.47 metric tonnes in Gurugram and 1,418.56 metric tonnes in Nuh.

Mustard up in Jaipur on rising demand from millers

Prices of mustard rose in Jaipur due to rising demand from domestic oil millers and crushers. Mustard crushing across the country was estimated at 800,000 tn in March, more than double of 375,000 tn in the previous month. A fall in arrivals also supported prices of mustard seed.