Soybean futures saw 8 to 9 1/2 cent gains in most contracts
Ram Gopal Yadav (8 years ago)

Soybean futures saw 8 to 9 1/2 cent gains in most contracts. Soymeal were up $3.20/ton, with front month soy oil 19 points higher. A report late on Wednesday showed that a Chinese importer purchased a cargo of US soybeans for shipment in August. The average trade guess for old crop soybean export sales is for net reductions of 200,000 to sales of 400,000 MT. That comes after the USDA earlier reported private exporters canceling a large chunk of old crop sales in the daily reporting system. New crop sales are seen at 200,000-400,000 MT. Soy meal sales are expected at 100,000-500,000 MT, with soy oil at 8,000-30,000 MT. Ports in Argentina will be shut down on Thursday due to a strike by workers demanding better conditions and wages.

Kota coriander down on higher arrivals, low demand
Ram Gopal Yadav (8 years ago)

Prices of coriander fell in the benchmark market of Kota due to higher arrivals and subdued demand from spices makers. The badami variety was sold at 4,750 rupees per 100 kg and the eagle variety at 5,000 rupees, both down 50 rupees from the previous day. Higher carryover stocks, coupled with cheaper imports, continued to weigh on coriander prices despite lower production this year. Arrivals in Rajasthan were up and the most active June contract of coriander on NCDEX was down 0.2%.

Malaysia CPO ends flat as CBOT soy dn, ringgit weak
Ram Gopal Yadav (8 years ago)

Crude palm oil futures on Bursa Malaysia Derivatives ended flat as losses due to soyoil contracts on CBOT were offset by gains from a weak ringgit against the dollar. Prices of crude palm oil and soyoil typically move in tandem, as they are used as substitutes. Weakness in the Malaysian currency against the greenback makes crude palm oil cheaper for buyers holding other currencies. The most-active August contract of crude palm oil on the Malaysian bourse ended at 2,473 ringgits (42,456.90 rupees) per tn, down 0.2% from the previous close.

Adani Wilmar takes highest delivery in NCDEX Apr soybean
Ram Gopal Yadav (8 years ago)

Adani Wilmar Ltd took the highest delivery of soybean at 25,910 tn under the April contract on the National Commodity & Derivatives Exchange. ITC Ltd made the highest delivery of soybean at 7,950 tn under the April contract. For April contract, Times Comtrade Pvt Ltd made the highest delivery of mustard at 2,640 tn and Cargill India Pvt Ltd took the highest delivery of 6,250 tn.

CBOT soy at 3-wk high; US-China trade tensions ease
Ram Gopal Yadav (8 years ago)

The July futures contract of soybean hit a three-week high of $10.3575 a bushel on the CBOT as US-China trade concerns eased, raising hopes of improved exports of the oilseed from the US. The most active July contract was at $10.32 a bushel, up 0.2%. China’s imports of soybean in April declined 13.7% on year to 6.9 mln tn. US CBOT soyoil also rose to six-week high of 31.75 cents a pound on Tuesday tracking gains in soybean.