Rapeseed to decline in EU as biofuel wanes

Ram Gopal Yadav (7 years ago)

Rapeseed lose ground as a crop in the European Union in the next decade as biofuel demand wanes and other oilseeds capture more growth from edible oil and livestock feed markets. A sharp decline in the rapeseed area, to around 6 million hectares by 2030-31 versus an average 6.5 million in the past five years, would outweigh improving yields and push down production. Farm-level rapeseed production was projected to decline to 20.7 million tonnes by 2030-31. The EU produced an estimated 21.7 million in the current crop year.

CBOT soybean up on short covering post 11-week low

Ram Gopal Yadav (7 years ago)

The January contract of soybean on CBOT rose as investors covered their short positions after prices hit an 11-week low of $9.55 per bushel. Prices fell earlier as concerns over dry weather in Argentina, third largest producer of soybean, eased after the country’s main farm belt received rainfall during the weekend. The most-active January contract of soybean on CBOT was at $9.5775 per bushel, up 0.2% from the previous close.

NCDEX marks 2,920 metric tonne soybean for staggered delivery

Ram Gopal Yadav (7 years ago)

NCDEX marked 2,920 metric tonne of soybean and 1,010 metric tonne castor seed for staggered delivery in the December contract. The exchange also marked 740 metric tonne guar seed, 280 metric tonne wheat, 180 metric tonne cottonseed oilcake, 120 metric tonne each of chana and mustard seed, 117 metric tonne jeera, 80 metric tonne coriander, 15 metric tonne guar gum and 10 metric tonne turmeric for staggered delivery in the December contract.