India soybean settles lower on rising supply.
Ram Gopal Yadav (6 years ago)

The October contract of soybean on the National Commodity & Derivatives Exchange settled 0.8% lower due to rising supply of fresh crop in wholesale markets. Supply of new crop of soybean in spot markets across the country was at 500,000 bags (1 bag = 100 kg). After hitting a two-week low of 4,112 rupees per 100 kg, the October contract of mustard seed on NCDEX closed lower due to subdued demand from oil millers. In Jaipur, prices of the oilseed were 4,225-4,250 rupees per 100 kg, down 50 rupees from previous close.

Soybeans hit 6-week high as rains delay US harvest.
Ram Gopal Yadav (6 years ago)

Chicago soybean prices rose for a second consecutive session, hitting their highest in more than six weeks as rains in parts of the U.S. Midwest delay the harvest of what is expected to be a record crop. The most-active soybean contract on the Chicago Board of Trade was up 0.3 percent at $8.71-1/4 a bushel, after earlier touching its highest since Aug. 22 at $8.75. Rains across the U.S. Midwest are delaying harvesting and stoking fears of crop damage. Brazilian soybean producers have sold 27.3 percent of the crop that will start to be collected around January, compared with 14.1 percent that had been sold at this time last year. China soymeal futures climbed more than 2.5 percent to a record 3,457 yuan ($501.37) per tonne amid ongoing concerns about the trade war.

India soybean gains on Chicago cues.
Ram Gopal Yadav (6 years ago)

Futures contracts of all components in the edible oil basket rose on domestic exchanges. The October contract of soybean on the National Commodity & Derivatives Exchange settled 1.5% higher in line with strength in the bellwether contracts on the Chicago Board of Trade. Improved demand from the solvent plants also contributed to the bullish sentiment. In key Indore market, soybean prices rose by 50 rupees to 3,200 rupees per 100 kg. Refined soyoil on the NCDEX and crude palm oil on the MCX also traded 0.5% and 1.0% higher, respectively, due to a rise in purchases ahead of festivals.

Indore soybean up on higher demand, lower arrivals.
Ram Gopal Yadav (6 years ago)

Soybean prices in Indore rose due to lower arrivals of the crop in the market and improved demand for soymeal. In Indore, prices rose 50 rupees to 3,200 rupees per 100 kg. Indore is considered the benchmark market for the oilseed in India. Arrivals in Madhya Pradesh was seen at 200,000 bags (1 bag = 100 kg). Demand has risen due to the better quality of the crop, lifting prices in the domestic market.