NCDEX soybean gains on lower acreage
Ram Gopal Yadav (9 years ago)

Futures contracts in the edible oil basket traded higher on domestic exchanges. Soybean futures on NCDEX ended up, bolstered by a decline in acreage under the crop in the country. Soybean fell on the US exchange due to forecast of beneficial rains in the US. Dry weather conditions earlier posed threat to the standing soybean crop in the country, and rains may boost yield. Soyoil prices rose due to the ongoing strike at ports in Argentina.

Mustard seed prices up in Jaipur on lower arrivals
Ram Gopal Yadav (9 years ago)

Prices of mustard seed rose in the benchmark market of Jaipur because of a fall in arrivals, as well good demand for the seed by millers. Arrivals across the country were at 120,000 bags (1 bag = 85 kg), down from 140,000 bags. Demand for the commodity from consumers was good.

Groundnut, mustard oils up on retailer demand.
Ram Gopal Yadav (9 years ago)

Prices of groundnut and mustard oils rose by up to Rs 100 per quintal at the wholesale oils and oilseeds market today largely on pick-up in demand from retailers. Castor oil, in the non-edible section, also traded higher on increased offtake by consuming industries. Besides uptick in demand from retailers, fall in arrivals from producing belts mainly led to the rise in groundnut and mustard oil prices.

US Soybean Conditions Improve Slightly.
Ram Gopal Yadav (9 years ago)

Recent rainfall in South Dakota is giving crops a major boost this week. The Crop Progress report issued by USDA-NASS shows soybean crops in the state had eight-point gains. Crop is now rated 42% good to excellent. But, gains discovered in South Dakota were lost in Illinois. Illinois soybean crop also declined. This week, 60% is good to excellent, down three points. Overall, the national soybean rating gained a point to 60% good-excellent.

NCDEX to add Akola, Jaipur, Ashok Nagar as chana delivery centres
Ram Gopal Yadav (9 years ago)

The NCDEX Ltd add Akola, Jaipur and Ashok Nagar as additional delivery centres for chana futures expiring from December. New additional delivery centres were major producing and processing centres and would assist market participants at these locations to trade efficiently on the exchange. Exchange has also advised to take note of increase in position limit as notified on Aug 14 as per the SEBI.

Delhi chana up on rise in demand ahead of festivals
Ram Gopal Yadav (9 years ago)

Chana up due to demand from dal millers ahead of festivals, amid limited supplies. Though the arrivals are unchanged in Delhi, they are inadequate to meet the current demand. Arrivals of chana in Delhi were pegged at 525 tonne, unchanged from Saturday, while in Bikaner, it was 700 bags (1 bag =100 kg) up from 500 bags.

Delhi chana up on low arrivals, demand from millers.
Ram Gopal Yadav (9 years ago)

Prices of chana were higher in Delhi because of lower arrivals in the local market along with demand from the dal millers ahead of festivals. However, in Bikaner, prices were unchanged due to subdued demand, while arrivals were steady. The most active September futures on the NCDEX was marginally down 0.1%.

Urad, its dal remains weak on low demand.
Ram Gopal Yadav (9 years ago)

Barring a further fall in urad and its dal prices on muted demand, other pulses held steady at the wholesale pulses market. Easing demand from retailers against adequate stocks position on increased supplies from producing regions mainly kept pressure on urad and its dal prices.