Rapeseed to decline in EU as biofuel wanes
Ram Gopal Yadav (8 years ago)

Rapeseed lose ground as a crop in the European Union in the next decade as biofuel demand wanes and other oilseeds capture more growth from edible oil and livestock feed markets. A sharp decline in the rapeseed area, to around 6 million hectares by 2030-31 versus an average 6.5 million in the past five years, would outweigh improving yields and push down production. Farm-level rapeseed production was projected to decline to 20.7 million tonnes by 2030-31. The EU produced an estimated 21.7 million in the current crop year.

CBOT soybean up on short covering post 11-week low
Ram Gopal Yadav (8 years ago)

The January contract of soybean on CBOT rose as investors covered their short positions after prices hit an 11-week low of $9.55 per bushel. Prices fell earlier as concerns over dry weather in Argentina, third largest producer of soybean, eased after the country’s main farm belt received rainfall during the weekend. The most-active January contract of soybean on CBOT was at $9.5775 per bushel, up 0.2% from the previous close.

NCDEX marks 2,920 metric tonne soybean for staggered delivery
Ram Gopal Yadav (8 years ago)

NCDEX marked 2,920 metric tonne of soybean and 1,010 metric tonne castor seed for staggered delivery in the December contract. The exchange also marked 740 metric tonne guar seed, 280 metric tonne wheat, 180 metric tonne cottonseed oilcake, 120 metric tonne each of chana and mustard seed, 117 metric tonne jeera, 80 metric tonne coriander, 15 metric tonne guar gum and 10 metric tonne turmeric for staggered delivery in the December contract.

NCDEX soybean stocks at 9-month high as futures above spot price
Ram Gopal Yadav (8 years ago)

Inventories of soybean at NCDEX-accredited warehouses rose to a nine-month high as futures are trading above spot prices. Stocks of the oilseed at exchange warehouses were pegged at 207,966 metric tonne, 1,206 metric tonne higher from previous close. The most-active January contract was up 0.6% from the previous settlement. Soybean prices are trading above the minimum support price and this also led to an increase in the warehouse stocks.

Soybean prices up in Indore on low arrivals
Ram Gopal Yadav (8 years ago)

Prices of soybean in Indore were up because of low arrivals. Low availability of quality stocks is also seen supporting prices of the oilseed. On NCDEX, the most-active January contract was up by 14 rupees.

NCDEX coriander up 2% on firm demand, low acreage
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander on the NCDEX rose for the third consecutive day and gained over 2% on the back of higher demand from domestic retailers amid a decline in acreage this season. The most-active January contract of coriander on the NCDEX was up 2.3% from the previous close.