Mustard seed futures gain on spot cues strong demand

Mustard seed prices advanced in futures trading in line with upbeat sentiments at spot markets. Mustard prices rose at spot markets on strong demand from oil mills amid tight supplies from producing belts. NCDEX, mustard seed to be delivered in December month spurted by 1.01 per cent

NCDEX Soybean Nov futures close with gains

NCDEX Soybean Nov futures close with gains as improved meal exports. India’s soymeal exports during October were at 47,219 metric tonne, up 50% from a year ago. total exports of soyoil meal in the first seven months of the fiscal started April is almost 5 times higher to 5.37 lakh tons compared to 1.07 lakh tons last year. However, soybean is traded at 5 months low prices pressurize by new season arrivals. Last week the prices have improved due to reports that government may hike import duty on edible oil

Oilseeds edge higher ahead of USDA report

Soy oil rose 0.8 percent even as crude oil dipped for the first time since the November 01. Soy farmers have finished harvesting 90 percent of the soybean crop, almost matching the five-year average pace of 91 percent. US Most-traded January canola closed at $520.10 per tonne, up $1.20

Brazil soybean planting progress jumps to 43%

Planting of Brazilian soybeans jumped to 43% of the estimated area since November 2, which is an increase of 13 percentage points compared with 30% in the previous week. Rainfall in the center west region of Brazil allowed planting to get completed faster. However, the Brazilian crop is still considered late. Sowing registered in the same period last year was 53%.

Mustard seed prices up in Jaipur as demand improves.

Mustard seed prices rose in benchmark market of Jaipur, Rajasthan, as demand for the oilseed from crushers and oil millers improved amid a fall in arrivals. Delayed sowing in key growing areas due to adverse weather conditions also supported mustard seed prices. Mustard oil mills across the country crushed 450,000 metric tonne of the oilseed in October, up nearly 6% from the previous month.