India Urad, masoor rise on stockists buying.

Prices of urad and masoor edged up on scattered buying by stockists, driven by uptick in demand from retailers. Mild buying support from stockists and pickup in demand from retailers against restricted supplies mainly led to the rise in urad and masoor prices.

Tur spot rates down on lower demand from dal millers.

Prices of tur were down in Akola and Mumbai due to sluggish demand from dal millers. Tur prices have fallen despite lower acreage so far this year as demand is subdued and there are concerns over likely cheap imports from Africa in the coming months.

Chana prices down on higher supplies, NCDEX cues.

Prices of chana were down in Delhi because of higher supply in the local market and sluggish demand. However, traders expect prices of chana to rise in the coming weeks due to demand ahead of festivals. The most active chana September futures were down 2.7%.

NAFED procures 54,735 tonne of 2016-17 chana crop.

The National Agricultural Cooperative Marketing Federation has procured 54,735 tonne chana grown in the 2016-17 (Jul-Jun) rabi season for buffer as of Thursday. Pace of procurement is slowed down due to rains in key growing areas. Procurement is being carried out in Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana. The procurement started as chana in these states is trading below minimum support price level of 4,000 rupees per 100 kg, including a bonus of 200 rupees.

CBOT soybeans close lower as weather outlook improves.

Futures contracts of soybean were down on the CBOT as weather in the US turned favourable for the crop. The heat wave that was expected to hit the crop in the soybean-growing Midwest region in the US has moved towards the northern part of the country. August soybean contract on CBOT was at $9.92 per bushel, down 1.7% from the previous close.