NCDEX soybean down on profit booking, CBOT cues
Ram Gopal Yadav (8 years ago)

Futures contract of soybean on NCDEX fell as investors booked profits after the government failed to announce the much expected incentives for export of soybean products. The market had widely expected the government to increase the incentive given to soybean cake exporters in the form of export credit to 10% from the current 7.5% to encourage exports and boost domestic prices. Fall in soybean contracts on CBOT also weighed on domestic prices. The most-active March contract of soybean on NCDEX traded down 1% from previous close.

Brazil forecasts record 2017/18 soybean crop of 115.6 million tons
Ram Gopal Yadav (8 years ago)

Brazil’s 2017/18 soybean crop is expected to reach 115.6 million tons, a record volume, 1.2% above the previous record last year of 114.2 million tons.Total planted area with soybeans in Brazil reached 35.25 million hectares in the current crop, 1.44 million hectares more than the previous, which compensated for an expected smaller average yield per hectare.

Malaysia CPO tad up tailing overnight CBOT soy gains.
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil were up on the Bursa Malaysia Derivatives tracking overnight gains in the CBOT soyoil. The most-active May contract of crude palm oil on the Malaysian bourse was trading at 2,491 ringgits (41,352 rupees) per tn, up 6 ringgits from the previous close. An 8.8% on month rise in Malaysia palm oil exports during Feb 1-20 is also seen creating positive sentiments.

US Soy export down.
Ram Gopal Yadav (8 years ago)

Export inspections totaled just 960,066 MT during the week that ended February 15. That was a drop of 29.3% from the week prior and 12.14% lower than the same week in 2017.