Soybean down in Indore on lower demand from crushers
Ram Gopal Yadav (9 years ago)

Rise in supply weighs on Jaipur mustard seed prices. Prices of mustard seed down in Jaipur, Rajasthan, due to a rise in arrivals amid subdued demand from domestic oil millers and crushers. Arrivals in Rajasthan were estimated at 60,000 bags (1 bag = 85 kg), up 10,000 bags. A decline in the acreage of the oilseed, however, cushioned the fall in prices.

Argentina local soybean prices finally jump.
Ram Gopal Yadav (9 years ago)

The prices of soybeans have improved domestically in Argentina. The spot deals quoted at US$ 303.9 per metric ton, marks a bullish trend from the last few days amid the drought in the country. Argentina soybean forecast to 47 million MT, BAGE (Buenos Aires Grain Exchange). The Rosario Grain Exchange expects the 17/18 Argentine crop at 46.5 MMT.

Ukraine December rapeseed crushing dropped to at a four-year low.
Ram Gopal Yadav (9 years ago)

In December 2017, monthly rape oil production by Ukraine’s large and medium-sized crushers dropped to a four-year low of 0.108 KMT. Nonetheless, the overall H1 2017/18 result is up 28.7% year-on-year. So, rape oil production amounted to 79.3 KMT in July-December 2017/18 against 61.6 KMT a year ago. The reason was active processing of rapeseed in the first months of the season. Expects this trend to persist until the end of MY 2017/18 and bring up the season’s total output to at least 80 KMT (66.7 KMT of rape oil was produced in MY 2016/17).

Ukraine imported more than 100 KMT of palm oil.
Ram Gopal Yadav (9 years ago)

Ukraine imported 11.3 KMT of palm oil in January 2018, i.e. 9.6% less than in the previous month (12.5 KMT) and 2.6% less than in January 2017. Palm oil imports to Ukraine hit a seven-year high of 101.7 KMT in September-January 2017/18. This is up almost 18% from the same time last season (86.2 KMT).

Soybean tad up in Indore tracking CBOT, low supply
Ram Gopal Yadav (9 years ago)

Prices of soybean in Indore were up, tracking gains on CBOT. Lower supplies in the market and hot-and-dry weather in Argentina is seen supporting domestic soybean prices. Although arrivals are steady in the state, they are insufficient to meet demand.

Mustard up in Jaipur on higher demand from crushers
Ram Gopal Yadav (9 years ago)

Prices of mustard seed rose in Jaipur, Rajasthan, as demand from crushers was strong. Traders are concerned over a forecast of rain and hailstorm in key growing areas of Rajasthan. Traders are concerned over a forecast of rain and hailstorm in key growing areas of Rajasthan. This is supporting an upside in mustard seed prices.

CBOT soybean down on profit booking ahead of USDA meet
Ram Gopal Yadav (9 years ago)

Soybean contracts on the CBOT were down because of profit booking by the investors ahead of the annual USDA conference. The most active May futures on the CBOT was down 0.3% at $10.4225 a bushel. The annual USDA conference will release acreage estimates for upcoming US crop planting at its two-day meeting. Profit booking was also seen in the contract after it hit an 11-month high of $10.50 per bushel due to concern over hot and dry weather in Argentina which may hit the output there.