Futures contracts of mustard rose on NCDEX because of firm trend in prices of its substitute, soy oil. Most active October futures contract of mustard on NCDEX ended up 0.8% from previous close. Soy oil and mustard oil prices moves in tandem as, both are used as vegetable oil. Soy oil prices are rising on expectations of lower soybean output in key growing areas of Maharashtra and Madhya Pradesh due to deficient rainfall.
CBOT corn weakens on technical selling.
CBOT corn weakens on technical selling.
Soybean prices up in Indore on crop damage concerns.
Prices of soybean in the key wholesale market of Indore, Madhya Pradesh rose because of concerns over crop damage due to pest attack. Incidents of white grub, semi-looper caterpillar, girdle beetle and white fly attacks have been reported in key growing areas of Madhya Pradesh and Maharashtra.
China corn output forecast to fall slightly.
China corn output forecast to fall slightly.
Soybean Futures Climb on Export Strength.
Soybean futures rose on higher-than-expected export sales and renewed concerns about a rain shortage. Soybean futures for September rose 0.9% to $9.30 1/4 a bushel at the Chicago Board of Trade.
Bihar floods damage 30,000-40,000 tn stocked maize.
Bihar floods damage 30,000-40,000 tn stocked maize.
U.S. soybean export sales build as China buying accelerates.
U.S. soybean export sales have been languishing for much of the summer following a record-shattering Brazilian crop, but demand for U.S. shipments is gathering pace, led by renewed demand from top importer China. Export sales last week handily topped trade expectations, surging to the second-highest level so far this year, and sales to China exceeded the previous three weeks combined. Chinese importers are now turning to U.S. shipments that are priced at least $12 per ton below cargoes loaded at Brazil’s Paranagua port for September through November shipment.
NCDEX coriander futures up tailing spot market.
NCDEX coriander futures up tailing spot market.
India soybean gains 1% in line with CBOT cues; CPO down.
Futures contracts in the edible oil basket traded mixed, with soybean and mustard rising and crude palm oil and refined soyoil lower on domestic exchanges. Paring losses of the previous session, soybean futures on National Commodity and Derivatives Exchange ended 1.2% higher tracking gains in Chicago Board of Trade.
Kazakhstan boosted wheat supplies to the EU by 36%.
Kazakhstan boosted wheat supplies to the EU by 36%.
India Mustard seed futures up on spot demand.
Mustard seed prices rose in futures trade following raising of bets by participants, bolstered by brisk demand in spot markets amid tight supplies. Apart from restricted arrivals from growing belts, strong demand for oil mills in spot markets mainly lifted mustard seed prices in futures trade here.
All-India cotton arrivals at 3,300 bales on 15 august.
All-India cotton arrivals at 3,300 bales on 15 august.
Groundnut oil softens on reduced offtake.
In restricted activity, groundnut oil prices declined at the wholesale oils and oilseeds market due to reduced offtake by stockists. Reduced offtake by stockists on the back of easing demand from retailers against adequate stocks position, mainly weighed on groundnut oil prices.
India coffee exports during Jan 1- Aug 14.
India coffee exports during Jan 1- Aug 14.
Chana down in Delhi as arrivals more than double.
Prices of chana were down in Delhi as arrivals more than doubled after the Delhi border reopened. The border had remained closed since Monday night due to security reasons on account of Independence Day. Chana also down in Bikaner.
Over 7% of kharif rice area submerged by floods in Bihar.
Over 7% of kharif rice area submerged by floods in Bihar.
Tur prices decline in Akola as arrivals double.
Prices of tur in Akola, Maharashtra, declined as arrivals doubled amid higher realization for the commodity. Prices have been hovering around four-month highs recently, due to an improvement in sentiment for the commodity after the government limited annual imports to 200,000 tonne.
Centre gives additional 14,760 tonnes rice for flood-hit Bihar.
Centre gives additional 14,760 tonnes rice for flood-hit Bihar.
Gram and tur prices shot up in Nagpur.
Gram and tur prices shot up in Nagpur Agriculture Produce and Marketing Committee (APMC) here on increased demand from local millers amid thin supply from producing belts. Government restriction on pulses import, healthy rise in Madhya Pradesh pulses and reported demand from South-based millers also boosted prices.
India rice procurement 38.73 MMT as on 11 Aug vs 34.11 MMT in LY.
India rice procurement 38.73 MMT as on 11 Aug vs 34.11 MMT in LY.