Futures contracts of soybean on the National Commodity & Derivatives Exchange are rising towards the minimum support price following reports that the government may double the incentive on export of oilmeals. The government is likely to double the incentive on export of oilmeals to 10% to support domestic oilseed prices.
India maize prices unchanged in key wholesale markets.
India maize prices unchanged in key wholesale markets.
Australian wheat sales to Egypt, Sudan and Tanzania lose out to Black Sea exporters.
Australian wheat sales to Egypt, Sudan and Tanzania lose out to Black Sea exporters.
Philippine govt pressed to allow farmers to export corn.
Philippine govt pressed to allow farmers to export corn.
Wheat farmers struggle for improved seeds as planting begins.
Wheat farmers struggle for improved seeds as planting begins.
Brazil’s Anec sees more corn exports, 2017 still tough for traders
Brazil’s Anec sees more corn exports, 2017 still tough for traders
Union govt rejects Odisha’s paddy MSP hike demand.
Union govt rejects Odisha’s paddy MSP hike demand.
NCDEX cotton at 6-month high on crop damage concerns.
NCDEX cotton at 6-month high on crop damage concerns.
No water, 10,000 acres of fertile land won’t grow paddy this Rabi.
No water, 10,000 acres of fertile land won’t grow paddy this Rabi.
USDA arm sees Colombia coffee crop a tad up on year.
USDA arm sees Colombia coffee crop a tad up on year.
USDA lowers 2017-18 global rice supply forecast by 2%.
USDA lowers 2017-18 global rice supply forecast by 2%.
CBOT corn ends fractionally higher after choppy session.
CBOT corn ends fractionally higher after choppy session.
Soggy corn raises costs for US grain exporters.
Soggy corn raises costs for US grain exporters.
India wheat prices fall in spot markets on weak demand.
India wheat prices fall in spot markets on weak demand.
Nearly half of imported wheat still at Indian ports.
Nearly half of imported wheat still at Indian ports.
Russia wheat prices shrug off reports of radioactive traces in Urals.
Russia wheat prices shrug off reports of radioactive traces in Urals.
Malaysia CPO closes higher on CBOT soyoil cues
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended higher, tracking gains in soyoil contracts on CBOT. The most-active February contract of crude palm oil on the Malaysian bourse ended at 2,644 ringgits (41,748.70 rupees) per tn, up 0.8% from previous close. Cargo surveyor Intertek Agri Services Monday estimated exports during Nov 1-20 at 891,926 tn, down 6.25% on month.
US Soybean futures were marginally lower
Soybean futures were marginally to 1 1/2 cents lower. December meal was down $1.50/ton, with nearby bean oil 22 points higher. The USDA announced a private export sale of 130,000 MT of Soybeans to China for 17/18 delivery.
NCDEX coriander up on bargain buys; acreage seen down
Futures contracts of coriander traded higher on the NCDEX because demand for the commodity rose after prices fell to a three-week low of 4,921 rupees per 100 kg. Coriander futures also rose as acreage under the spice is seen declining in 2017-18 (Oct-Sep) on the back of unattractive prices in the past season.
India Edible Oil Up; NCDEX soybean rises 2% on import duty hike
Futures of all components in the edible oil basket rose, with soybean contracts gaining the most. Futures of soybean on the NCDEX rose nearly 2% supported by the recent import duty hike on the oilseed. Mustard contracts on the NCDEX traded higher taking cues from the benchmark market of Jaipur.