Soybean contracts on the NCDEX fell ahead of the onset of monsoon
Ram Gopal Yadav (8 years ago)

Soybean contracts on the NCDEX fell ahead of the onset of monsoon and firmness in the rupee against the dollar. The most active June contract was down 29 rupees. Earlier-than-expected arrival of monsoon in Kerala has raised hope sowing of the oilseed will be higher in the country. Higher arrivals of the oilseed are also seen weighing on prices.

German rapeseed crop forecasts cut after dryness.
Ram Gopal Yadav (8 years ago)

The cooperatives cut their forecast of Germany’s 2018 winter rapeseed crop to 4.05 million tonnes, down 5.0 percent on the year. The reason is the high temperatures and lack of rain in a large part of Germany in the past weeks. In May, the association had forecast 2018 a winter rapeseed crop of 4.12 million tonnes.

NCDEX coriander hits near 6-year low on cheap imports.
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander on the NCDEX hit a near six-year low of 4,190 rupees per 100 kg due to cheap imports from Ukraine and Russia, and muted domestic demand. The most active June contract was down 2.6%. Prices are likely to make a new low near 4,000-3,800 rupees in the coming days. In Rajasthan’s benchmark market Kota, the badami variety and the eagle variety both steady from previous close.

Uttarakhand kharif soybean area down 11% on year
Ram Gopal Yadav (8 years ago)

Uttarakhand’s kharif soybean acreage was at 8,000 ha, down 11.1% on year. The normal area of soybean for the entire kharif season in Uttarakhand is 12,700 ha. The state’s soybean production is quite low compared to the other major producers such as Madhya Pradesh, Maharashtra and Rajasthan. Sowing of soybean is yet to begin in those states and in other parts of the country.

NCDEX soybean hits 4-month low on weak meal, oil demand
Ram Gopal Yadav (8 years ago)

NCDEX June soybean contract hit a four-month low of 3,517 rupees per 100 kg because of sluggish demand for the oilseed from oil and meal producers. The most-active June futures were down 1.3%. In Indore, the benchmark market, prices were down 25 rupees. Weakness in contracts on CBOT also weighed on domestic soybean futures.