NCDEX soybean down 1% as sowing gathers pace.
Ram Gopal Yadav (8 years ago)

The most-active July soybean contract on the NCDEX fell nearly 1% as sowing in key growing areas in the country gathered momentum with the progress of monsoon. The contract was at 3,412 rupees per 100 kg, down nearly 1% from the previous close. Soybean sowing was at 17,000 ha, up 31% from a year ago. Reports of weak soymeal exports also weighed on sentiment. However, any sharp fall was limited due to gains in key soybean contracts on the CBOT.

Rise in arrival weighs on mustard seed in Jaipur
Ram Gopal Yadav (8 years ago)

Price of mustard seed were down in Jaipur, Rajasthan due to a rise in arrivals amid sluggish demand from domestic oil millers and crushers. In Jaipur, the benchmark market, the oilseed was sold at 4,060-4,070 rupees per 100 kg, down 20-30 rupees. Arrivals in Rajasthan today were estimated at 100,000 bags (1 bag = 85 kg), up from 85,000 bags on Saturday. Demand for mustard oil from overseas buyers, however, cushioned fall in prices.

Kharif soybean area up 28% on year at 16,800 ha.
Ram Gopal Yadav (8 years ago)

Acreage of Kharif soybean in the country was at 16,800 ha, up 28.2%. The normal area of soybean for the period is 5,100 ha. Normal area is calculated by taking out the average value of acreage in the last five years during the corresponding period. Soybean sowing has so far started in Gujarat, Karnataka and Uttarakhand, and is higher in all the three states so far.

Brazil exports of soybean to China in May smash record
Ram Gopal Yadav (8 years ago)

Brazil exports of soybean to China in May hit 9.76 million mt, almost 80% of the total volume exported and a monthly record. The figure is equivalent to around 160 cargoes of soybeans and eclipses the previous record by more than 1.4 million mt, set in April 2017 last year. Brazil total exports for May, released Monday, reached 12.35 million mt.