Coriander futures fall 1.87% on sluggish demand

Ram Gopal Yadav (7 years ago)

Coriander prices fell 1.87 per cent to Rs 5,501 a quintal in futures market as participants cut bets amid muted domestic and export demand against ample stocks position. Profit-booking at higher levels also weighed on traders’ sentiment. At National Commodity and Derivatives Exchange, coriander futures prices for delivery in January declined by Rs 105, or 1.87 per cent, to Rs 5,501 per quintal, with an open interest of 35,550 lots.

Soybeans rise on dry weather in Argentina

Ram Gopal Yadav (7 years ago)

U.S. Chicago soybean futures rose for a third consecutive session, with the market trading near its highest in almost two weeks on concerns over dry weather in Argentina. The most-active soybean contract on the Chicago Board of Trade gained 0.3 percent to $9.73-3/4 a bushel. Soybeans drew support as a dry weather pattern lingered in Argentina, reducing yield potential in the No.3 global soy supplier behind the United States and Brazil. Rainfall over the weekend in much of Argentina’s main soy and corn areas improve soil moisture, analysts said, though fields in some parts of the country could remain dry.

Ukraine sunseed stocks down 11.5% year-on-year

Ram Gopal Yadav (7 years ago)

Sunseed stocks in Ukraine totaled 6737.2 KMT as of December 1, 2017, or 11.5% less than at the same time last year (7608.5 KMT). This included 3604.4 KMT held directly on the farms (-571.3 KMT, or down 13.7% from the same date in 2016) and 3132.8 KMT held at storage and processing companies (-300 KMT, or down 8.7% year-on-year).

US soybeans for the week that ended 12/21 came in at 1.283 MMT

Ram Gopal Yadav (7 years ago)

That dropped 28.43% from last week and is 25.42% lower than this time last year. Chinese imports of soybeans totaled 8.684 MMT during November, which is 10.83% larger than November 2016. Imports from the US picked up to 4.662 MMT, which still lags a year ago by 17.01%, while imports from Brazil came in at 2.76 MMT, well above last year.