NCDEX soybean slightly up on low arrivals, CBOT cues
Ram Gopal Yadav (7 years ago)

Soybean contracts on the NCDEX were slightly up because of lower arrivals in the spot market and tracking gains in bellwether contracts on the CBOT. The most-active June contract on the NCDEX was up 12 rupees. Arrivals of soybean in Madhya Pradesh, the key market for the oilseed were down. Soybean in Indore, the benchmark market for the oilseed, it was selling at 3,750 rupees per 100 kg, up 5-10 rupees from previous day.

CBOT soy at 3-wk high; US-China trade tensions ease
Ram Gopal Yadav (7 years ago)

The July futures contract of soybean hit a three-week high of $10.3575 a bushel on the CBOT as US-China trade concerns eased, raising hopes of improved exports of the oilseed from the US. The most active July contract was at $10.32 a bushel, up 0.2%. China’s imports of soybean in April declined 13.7% on year to 6.9 mln tn. US CBOT soyoil also rose to six-week high of 31.75 cents a pound on Tuesday tracking gains in soybean.

Adani Wilmar takes highest delivery in NCDEX Apr soybean
Ram Gopal Yadav (7 years ago)

Adani Wilmar Ltd took the highest delivery of soybean at 25,910 tn under the April contract on the National Commodity & Derivatives Exchange. ITC Ltd made the highest delivery of soybean at 7,950 tn under the April contract. For April contract, Times Comtrade Pvt Ltd made the highest delivery of mustard at 2,640 tn and Cargill India Pvt Ltd took the highest delivery of 6,250 tn.

Malaysia CPO ends flat as CBOT soy dn, ringgit weak
Ram Gopal Yadav (7 years ago)

Crude palm oil futures on Bursa Malaysia Derivatives ended flat as losses due to soyoil contracts on CBOT were offset by gains from a weak ringgit against the dollar. Prices of crude palm oil and soyoil typically move in tandem, as they are used as substitutes. Weakness in the Malaysian currency against the greenback makes crude palm oil cheaper for buyers holding other currencies. The most-active August contract of crude palm oil on the Malaysian bourse ended at 2,473 ringgits (42,456.90 rupees) per tn, down 0.2% from the previous close.

Kota coriander down on higher arrivals, low demand
Ram Gopal Yadav (7 years ago)

Prices of coriander fell in the benchmark market of Kota due to higher arrivals and subdued demand from spices makers. The badami variety was sold at 4,750 rupees per 100 kg and the eagle variety at 5,000 rupees, both down 50 rupees from the previous day. Higher carryover stocks, coupled with cheaper imports, continued to weigh on coriander prices despite lower production this year. Arrivals in Rajasthan were up and the most active June contract of coriander on NCDEX was down 0.2%.