Soybean futures are currently 9 cents lower.
Ram Gopal Yadav (8 years ago)

Nearby soybean meal was down $1.10/ton and soy oil was up 7 points. The USDA weekly Export Sales report showed old crop sales of 273,400 MT, below pre-report ideas of 300,000-600,000 MT. However, new crop bookings totaled 771,600 MT and were above the top end of trade ideas. After the Friday close, USDA reported April soybean crush of 171.62 million bushels, with an implied oil yield of 11.45. That was close to trade estimates.

Jaipur mustard seed up on low supply, hign demand
Ram Gopal Yadav (8 years ago)

Prices of mustard seed rose in Jaipur due to a fall in arrivals and higher demand from domestic oil millers and crushers. In Jaipur, the oilseed was sold up 30-40 rupees.Arrivals in Rajasthan were slightly down. Ongoing procurement of mustard seed by the Haryana, Madhya Pradesh and Rajasthan state governments at the minimum support price of 4,000 per 100 kg also supported prices.

India mustard crushing unchanged on month at 900,000 tn in May.
Ram Gopal Yadav (8 years ago)

Mustard oil mills across the country crushed 900,000 tn of the oilseed in May, unchanged from the previous month. New crop arrivals begin in February, and gain momentum by March. Arrivals remain in full swing till May and start dwindling from June. During Mar 1-May 31, total supply of mustard seed were estimated at 4.0 mln tn. Arrivals in Rajasthan, the largest grower, was at 1.3 mln tn, Uttar Pradesh at 565,000 tn, Madhya Pradesh and Chhattisgarh together at 235,000 tn. Crushing of mustard may lose steam in June as arrivals would start declining. For 2017-18 (Jul-Jun), India’s mustard output is seen at 7.2 mln tn, up from 6.9 mln tn harvested in the previous year. Mustard output in the country is seen higher due to better yields in key growing regions because of favourable weather.

Mustard seed up in Jaipur on demand from stockists
Ram Gopal Yadav (8 years ago)

Prices of mustard seed rose in Jaipur owing to renewed demand from domestic stockists and oil millers after prices hit a one-week low. A fall in arrivals also supported prices. Arrivals in Rajasthan were estimated at 110,000 bags (1 bag = 85 kg) today, compared with 140,000 bags. However, weak export demand for mustard meal capped gains. On NCDEX, the most-active June contract was at 3,923 rupees per 100 kg, up 0.4%.

India soybean settles higher, in line with CBOT.
Ram Gopal Yadav (8 years ago)

On National Commodity and Derivatives Exchange, the most-active June contract of soybean closed 0.5% higher, tracking gains on Chicago Board of Trade. Soybean prices on the US bourse rose due to bargain buying, and as a truckers’ strike in Brazil. Mustard futures on NCDEX closed 1.3% higher due to improved purchases by oil millers at lower prices. Refined soyoil on NCDEX and crude palm oil on MCX traded lower due to lukewarm demand in spot markets.