Prices of urad down in Akola on sluggish demand.

Prices of urad in Akola, Maharashtra, fell due to sluggish demand. However, expectations of lower output of the commodity this season, along with buying of the new crop in some states, is likely to push prices higher in the coming months.

Canada bulk soybean down from 2016.

The Canadian Grain Commission (CGC) reports 34,500 metric tons (MT) soybeans were loaded for export through licensed facilities which are required to report to it all grain movement in August, compared to 59,300 MT the same month last year. Of bulk soybeans loaded to for export during the month, 26,700 MT went through Vancouver terminals; 3,300 MT were shipped direct from Prairie elevators; and 4,500 MT were shipped through Bay and Lake ports in eastern Canada. Reviewing shipments by destination for the month, the CGC said 26,700 MT of No 2 Canada soybeans were shipped to China; 4,500 MT of No 2 Canada to Ireland; and 3,300 MT of other grades to the United States.

India mustard oil edges up on scattered demand.

In restricted activity, mustard oil edged higher on mild local demand. However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels. Some local demand helped mustard oil prices to trade higher.