Soybean Futures Climb on Export Strength.
Ram Gopal Yadav (9 years ago)

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.

U.S. soybean export sales build as China buying accelerates.
Ram Gopal Yadav (9 years ago)

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.

Russian soybean oil output exceeded 0.5 MMT.
Ram Gopal Yadav (9 years ago)

Soybean crushing in Russia is on the rise in the latter half of the 2016/17 season. Soybean oil production gained almost 2% in June against May and reached 63.3 KMT. soybean oil output reached 547.6 KMT in the period under review that is 3.6% more than at the same time in the past 2015/16 season (528.5 KMT). Soybean oil accounts for over 11% of total vegoil production.

Groundnut oil softens on reduced offtake.
Ram Gopal Yadav (9 years ago)

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.

Chana down in Delhi as arrivals more than double.
Ram Gopal Yadav (9 years ago)

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.

Tur prices decline in Akola as arrivals double.
Ram Gopal Yadav (9 years ago)

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.

Gram and tur prices shot up in Nagpur.
Ram Gopal Yadav (9 years ago)

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.