Soybean prices were steady at closed on limited buying support at higher prices. Soy oil prices were down further at closed on poor buying support against increased selling. Soy meal prices were steady at closed on […]
Maize prices up on demand from bulk buyers
Prices of maize across key spot markets rose sharply due to firm demand from bulk buyers and fall in arrivals. With arrivals in Uttar Pradesh and Bihar shrinking gradually, bulk buyers have stepped up their purchases […]
NCDEX soybean hits 6-month low on rains in key states
The July soybean contract of soybean hit a six-month low of 3,530 rupees per 100 kg on NCDEX on expectation that heavy rains in Madhya Pradesh and Maharashtra will lift output. Madhya Pradesh and Maharashtra are […]
Maize prices up on weak arrivals
Price of maize across key spot markets rose sharply due to a steep decline in supply and firm bulk demand. Demand was robust as bulk buyers are buying the coarse grain aggressively anticipating a further decline […]
Soybean futures open higher
Soybean futures were higher in early trading on the Dalian Commodity Exchange (DCE). The most active No. 1 soybean contract for September delivery gained 18 yuan (about 2.6 U.S. dollars) to open at 3,437 yuan per […]
Maize prices remained steady
Maize prices remained steady across key spot markets, as both arrivals and demand declined. Demand was subdued as consumers are avoiding purchases in bulk due to a sharp rise in prices. On NCDEX, maize futures rose […]
Soybean futures fall on weak spot demand
Soybean prices fell by Rs 40, to Rs 3,626 per quintal in futures trade Thursday after participants cut down their bets tracking negative cues from the physical market. Besides, muted demand for soybean attributed the fall […]
Spot maize prices down as bulk demand subdued
Prices of maize fell across key spot markets due to decline in demand from bulk consumers such as feed manufacturers and the starch industry. Demand weakened as end users are avoiding picking up stocks at higher […]
Soybean settles up as Cabinet hikes MSP
The July soybean contract on the National Commodity & Derivatives Exchange closed 0.6% higher after the government today raised minimum support price for the crop grown in 2019-20 (Jul-Jun), analysts said. The cabinet approved a hike […]
Spot maize prices down on low buys, steady arrivals
Prices of maize fell across key spot markets due to a decline in demand from bulk buyers such as feed manufacturers and the starch industry. Steady arrivals also weighed on prices. Demand weakened today as end […]
India soybean area down 68% YoY at 274,000 ha
The July soybean contract on National Commodity & Derivatives Exchange closed 1.5% lower today following progress in monsoon in key growing areas of the country. Monsoon current entered into east Rajasthan, covered most parts of Madhya […]
Spot maize prices up on low arrivals, firm buys
Prices of maize also rose across key spot markets due to a decline in arrivals and firm demand from end users such as the livestock feed industry and food processing units. Demand remained firm as they […]
India soybean area down 68% YoY at 274,000 ha
Farmers in the country have sown soybean across 274,000 ha as of Thursday, down 68% from the year-ago period, according to the farm ministry data. A lag in sowing in key growing areas was due to […]
Firm buys support maize
Prices of maize also rose across key spot markets due to a decline in arrivals. Firm demand from end users also supported prices. “Demand from bulk buyers remained robust today as they are purchasing maize aggressively […]
India Edible Oil: Rises; soybean extends gains on firm spot demand
Futures contracts of all components of the edible oil basket on domestic exchanges rose. Extending gains from the previous session, the July soybean contract on National Commodity & Derivatives Exchange ended higher due to a rise […]
High demand helps maize
Meanwhile, prices of maize in spot markets rose due to a decline in supply and a marginal rise in demand. Demand from bulk buyers rose after prices softened over the last few weeks. Bulk demand is, […]
India Edible Oil: Most up; soybean settles higher on firm CBOT cues
Futures contracts of all components of the edible oil basket, barring crude palm oil, rebounded on domestic exchanges. After hitting seven-week low of 3,587 rupees per 100 kg in previous session, the July soybean contract on […]
Maize fall marginally on weak demand
Meanwhile, prices of maize fell across key spot markets due to a decline in demand at higher levels. Demand from bulk consumers was subdued at higher prices due to tight supply. On NCDEX, maize futures too, […]
India soybean area down 57% YoY at 53,400 ha
Farmers in the country have sown soybean across 53,400 ha as, down 57% from the year-ago period. Absence of monsoon rains has halted sowing operations in key growing areas of Madhya Pradesh and Rajasthan, the top […]
Spot maize prices dn on weak demand
Maize prices fell across key spot markets due to a decline demand at higher price levels. Demand remained subdued as bulk consumers avoided purchasing at higher prices due to a tight supply. On NCDEX, maize futures […]