Malaysia CPO ends higher due to fall in Dec output
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended higher due to a month-on-month decline in the country’s production in December. Malaysia’s crude palm oil output in December fell 5.6% on month to 1.8 mln tn. The most-active March contract of crude palm oil on the Malaysian bourse settled at 2,621 ringgits (41,683.75 rupees) per tn, up 0.9% from the previous close. Higher stocks at the end of December, however, capped the gains. The southeast Asian country’s crude palm oil stocks at the end of December were at 1.7 mln tn, up 12.2% on month.

Soybean up in Indore on firm demand, low arrivals
Ram Gopal Yadav (8 years ago)

Prices of soybean rose in Indore, the benchmark market for the commodity, due to good demand for the oilseed from crushers and lower arrivals.Prices of the oilseed is likely to rise further in the coming days due to shrinking arrivals. The most active February futures contract of soybean on NCDEX ended up 0.9% from previous close.

Jaipur mustard seed down on poor demand; futures up
Ram Gopal Yadav (8 years ago)

Prices of mustard seed fell in the benchmark wholesale market of Jaipur in Rajasthan due to subdued demand for the oilseed from oil mills. Futures contracts of mustard seed on NCDEX, however, traded higher tracking gains in soybean contracts. The most-active April contract of mustard seed on NCDEX traded up 1% from the previous close.

Malaysia palm oil production and stocks to rise in my 2017/18
Ram Gopal Yadav (8 years ago)

Production for MY2017/18 remained within Posts forecast of 21 million tons. Post El-Nino recovery will see production increase by month-on-month basis and will peak on third and last quarter of MY 2017/18. Total harvested area in 2017/18 is projected to increase to 5.2 million hectares.

Argentine soy planting pushed by drought into mid-January
Ram Gopal Yadav (8 years ago)

The drought afflicting Argentina’s soy belt is expected to worsen this week, pushing farmers to risk planting later than usual and raising the risk of frosts later in the season. With an estimated 2.25 million hectares yet to be sown. Rainfall should improve between Jan. 15 and Jan. 20. But until then there will be no important rains.

European vegoils-Palm oil firmer on positioning ahead of reports
Ram Gopal Yadav (8 years ago)

Palm oil on the European vegetable oils market was stronger, tracking gains in Malaysian palm oil futures on positioning ahead of Wednesday’s MPOB supply/demand and stocks report. Prices for palm oil were between unchanged and $10 a tonne higher after Malaysian palm oil futures closed between 13 and 31 ringgit higher as futures traders anticipate better exports ahead of data due later this week. CBOT soyoil futures were between 0.27 and 0.41 cents per lb lower.

Delhi Mustard oil weakens on subdued local demand.
Ram Gopal Yadav (8 years ago)

Mustard oil prices softened by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market owing to sluggish local demand. Castor oil in the non-edible section, also eased on reduced offtake by consuming industries. Sluggish demand from local parties, mainly weighed on mustard oil prices. National Commodity and Derivative Exchange, mustard seed to be delivered in January declined 0.62 per cent.The delivery for the most-active February fell 0.53 per cent, clocking an open interest of 34,640 lots.