CBOT soyoil hits two-month low on Malaysia CPO cues
Ram Gopal Yadav (9 years ago)

Futures contracts of soyoil on the CBOT hit a near two-month low of 32.93 cents per pound. Tracking losses in crude palm oil contracts on the Bursa Malaysia Derivatives. Prices of crude palm oil and soyoil typically move in tandem, as they are used as substitutes for each other. The most-active January contract of soyoil on the CBOT was at 32.95 cents per pound, down 0.7% from the previous close.

Ukraine decline in sunseed crushing this season
Ram Gopal Yadav (9 years ago)

Sunoil production by large and medium-sized crushers totaled 508.7 KMT in October 2017/18, or 47% more than in September (345.8 KMT), but 1.3% below October’s record of 515.6 KMT registered in MY 2016/17. Sunseed crushing volumes hold at a high level early in the current 2017/18 season, but sunoil output is down 6.6% from last year’s record, at 854.5 KMT against 915.4 KMT a year ago.

Abares raised its estimate for Australia’s 2017-18 canola
Ram Gopal Yadav (9 years ago)

Abares raised its estimate for Australia’s 2017-18 canola crop by 100,000 tonnes to 2.85m tonnes, citing an improvement to prospects in Western Australia, which more than offset the setbacks in New South Wales from extremes of excessive wemetric tonneess, following on from drought.

Indore soy up on higher incentive on soymeal export
Ram Gopal Yadav (9 years ago)

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.

Malaysia CPO ends lower tracking CBOT soyoil
Ram Gopal Yadav (9 years ago)

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.

NCDEX coriander down 1% on profit booking
Ram Gopal Yadav (9 years ago)

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.