Rabi crops to gain as cold wave slated to continue for two days
Ram Gopal Yadav (8 years ago)

The rain spell on Tuesday over the northern plains leading to drop in temperatures and cold weather conditions would benefit standing rabi crop, especially wheat, gram and mustard. The weather office has forecast cold wave conditions to continue over Punjab, Haryana, west UP and north Rajasthan for the next two days. It is especially beneficial for wheat, gram, mustard and other rabi crops.Overall the acreage is down for oilseed, but if the rains in January and February are good then we can make up in yields. Mustard requires 2-3 spells of rain and the current spell will be beneficial

CBOT soybean down on profit booking post 6-wk high
Ram Gopal Yadav (8 years ago)

The March contract of soybean on CBOT fell as investors booked profits after prices hit an over six-week high of $9.8875 per bushel. The most-active March contract of soybean on the Chicago bourse was at $9.8475 per bushel, down 0.2% from the previous close. Prices of soybean on CBOT rose for the last eight trading days due to concerns over prevailing dry weather in Argentina.

Ukraine’s rapeseed market looking to the new season with optimism
Ram Gopal Yadav (8 years ago)

Rapeseed is now becoming once again a topical subject for the oilseed sector of agriculture. Remarkably, this involves not only forecasts for the next season 2018/19, but also expectations about the results of the current marketing year. Seemingly, the most active part of MY 2017/18 for the rapeseed market is already over and its final results can be stated with high probability, but the current season’s trends make us adjust the supply and demand balance for this oilseed. The brisk pace of rapeseed exports seen in the first half of MY 2017/18 suggests that Ukraine will ship abroad up 1045 KMT from MY 2016/17. So, it is going to hit a four-year high.

India Edible Oil Extend gains, soybean hits high
Ram Gopal Yadav (8 years ago)

The futures contracts of all components of the edible oil basket rose on the domestic exchanges. The most active February contract of soybean on the NCDEX hit an over 17-month high of 3,589 rupees per 100 kg today, taking cues from spot markets where prices were up due to higher demand from oil millers. The supply of the oilseed is expected to fall in the coming days which is seen supporting the prices