Soybean prices rise in Indore on lower acreage.

Soybean prices rose in Indore, Madhya Pradesh, as area under the oilseed fell in the state. Prices of the oilseed also rose due to a surge in soymeal exports from the country. Export of soymeal rose 56.1% on year to 64,000 tonne in June.

Edible oils slide on easing demand in Delhi.

Edible oil prices softened by Rs 50 per quintal at the wholesale oils and oilseeds market on easing demand from retailers. However, non-edible oils remained steady in thin trade. fall in demand from retailers against sufficient stocks position mainly led to decline in edible oil prices.

Australia 2017-18 canola output seen 26% down on year.

Australia 2017-2018 canola output is seen at 3.12 million tonne, down 26% on year, due to seed shortages and inadequate rains. Patchy and light rains so far and forecast of insignificant rains over the next few weeks has dented outlook for canola harvest.

Pakistan purchased 180,000 tonnes soybeans sourced United States or Brazil.

Pakistani importers have recently purchased about 180,000 tonnes of soybeans expected to be sourced optionally from the United States or Brazil. The soybeans are for shipment in April and May 2018. The purchases were made in three 60,000 tonne consignments from exporters in the United States at premiums over Chicago soybean futures.

U.S. soybean hope to expand exports to China.

With record acreage planted, U.S. soybean growers hope to expand exports to China this year as Chinese demand continues to increase, but competition from Brazil and concerns about U.S. genetically modified crops may dampen Chinese enthusiasm. China is likely to commit to a big purchase of U.S. soybeans when a delegation from the Chinese Ministry of Commerce visits Des Moines, Iowa, on July 13.

Mustard up in Jaipur on higher demand from stockists.

Prices of mustard seed in Jaipur extended Saturday gains due to improved demand from domestic stockists after a recent fall in prices. In Jaipur, the benchmark market, the oilseed was sold up 30 rupees from previous close. Arrivals across the country were estimated at 130,000 bags (1 bag = 85kg), compared with 115,000 bags on previous close.