Domestic

• At Indore, Soybean seed prices increases by 0.8 % to INR 5152 per quintal reported on the previous day. Soy oil prices increases by 0.8% to 965 per 10 Kg from 957 per 10 Kg on the previous day. Whereas Soy Meal prices remains unchanged at INR 4200 per quintal.

• The projected global oilseed output in 2023-24 (May-Apr) by USDA at 667.3 million tonne, lower from 671.4 million tonne forecast in June.

• Further, the agency has projected global soybean output at 405.31 million tonne, lower from 410.70 million tonne estimated in the previous forecast.

• IMD issues red alert for MP

International

• Soybeans November down 10c/bushel to 1344c/bushel

• Argentine farmer sales of soybeans were down in the week ending July 26

• Brazil’s 2023/24 soybean crop to reach 163 million million tonne

• Brazil’s soybean, soymeal, and corn exports up in July: Anec

• Ukraine’s Danube port Izmail again closed following Russian attack

• El Nino likely, but bureau holds off declaration

• Crude oil up as US inventory down by 17 million barrels

• Palm closed up on weaker ringgit, stronger rival oils