Prices of soybean in Indore rose due to lower arrivals of the oilseed in the spot market. Improved demand from crushers due to rising soymeal exports is also seen supporting prices. The most-active January contract of soybean was, however, down 21 rupees on the NCDEX.
CBOT soybean down on lower demand for US crop October
Futures contracts of soybean were down on lower demand for the US crop in October. The most-active January soybean contract on CBOT was at $9.99 per bushel, down 0.4% from the previous close. Sharp downside in prices is unlikely as the crop in Argentina may be hit due to dry weather.
Kazakhstan to resume wheat deliveries to Iran.
Kazakhstan to resume wheat deliveries to Iran.
Pakistan rice exports increase by 16% during July to October 2017.
Pakistan rice exports increase by 16% during July to October 2017.
Paddy cultivation in 9 lakh acres in East, West Godavari districts.
Paddy cultivation in 9 lakh acres in East, West Godavari districts.
India govt 2017-18 rice purchases at 18.9 MMT so far, up 10.4% on year.
India govt 2017-18 rice purchases at 18.9 MMT so far, up 10.4% on year.
Bangladesh govt to import 50,000 MT of wheat.
Bangladesh govt to import 50,000 MT of wheat.
India talks to Italy about resolving basmati fungicide row with EU.
India talks to Italy about resolving basmati fungicide row with EU.
Bangladesh to import 150,000 MT of rice from India at $440/T.
Bangladesh to import 150,000 MT of rice from India at $440/T.
China needs to import 1 Billion bushels of corn to meet 2020 ethanol mandate.
China needs to import 1 Billion bushels of corn to meet 2020 ethanol mandate.
Poultry industries closing down over shortage of maize supply in Nigeria.
Poultry industries closing down over shortage of maize supply in Nigeria.
Romania sees record corn production this year.
Romania sees record corn production this year.
Indore soy up on higher incentive on soymeal export
Soybean prices in Indore rose due to increase in the incentive on export of soymeal by 2 percentage points to 7% under the Merchandise Export Incentive Scheme. Futures contracts of soybean on NCDEX traded up following the increase in export incentives on soymeal. The most-active January contract traded up 0.4% from previous close.
Argentine drought threatens to wallop late-planted corn.
Argentine drought threatens to wallop late-planted corn.
CBOT soybean rises on crop concerns in Argentina
Futures contracts of soybean rose on the CBOT due to concerns over dry weather conditions in Argentina. The most-active January soybean contract on CBOT was at $10.1150 per bushel, up 0.3% from the previous close.
Gujarat cotton farmers advised on pink bollworm management.
Gujarat cotton farmers advised on pink bollworm management.
Malaysia CPO ends lower tracking CBOT soyoil
Futures contracts of crude palm oil ended lower on the Bursa Malaysia Derivatives, taking cues from soyoil contracts on the CBOT. The most-active February contract of crude palm oil on the Malaysian bourse hit an over four-month low of 2,530 ringgits (40,056.7 rupees) per metric tonne.
Pakistan 2017-18 cotton crop seen rising 20% on year
Pakistan 2017-18 cotton crop seen rising 20% on year
NCDEX coriander down 1% on profit booking
The most active January contract of coriander fell around 1% on the NCDEX as traders booked profits after the contract hit a seven-month high. The January contract traded down 1% from the previous close.
India coffee exports during Jan 1- Dec 5.
India coffee exports during Jan 1- Dec 5.
