Malaysia CPO ends higher as Jan output seen down

Ram Gopal Yadav (7 years ago)

Futures contracts of crude palm oil rose on the Bursa Malaysia Derivatives due to concern over a likely fall in the country’s palm oil production in January. The most-active April contract of crude palm oil on the Malaysian bourse settled at 2,486 ringgits (40,880.60 rupees) per tn, up 0.7% from the previous close. The Malaysian Palm Oil Board is likely to release data for January palm oil exports, output, and inventory

CBOT soybean up as Argentina weather woes re-emerge

Ram Gopal Yadav (7 years ago)

Soybean contracts on CBOT were up as dry weather in Argentina re-emerged, raising worries about decline in the output. The most active March contract on the CBOT was at $9.9275 a bushel, up 0.7% from the previous close. Dry weather in Argentina, the third largest producer of the oilseed, is estimated to impact the output there

NCDEX soybean hits 3% upper cap as spot supply low

Ram Gopal Yadav (7 years ago)

Futures contracts of soybean hit 3% upper limit on NCDEX due to low supply of the commodity in spot markets. The most-active March contract was at 3,668 rupees per 100 kg, up 100 rupees. Gains in soybean contracts on CBOT are also seen supporting domestic oilseed prices. Prices of CBOT soybean rose due to concerns over dry weather in Argentina which may affect output. Oilseed prices in the benchmark market of Indore increased on anticipation of a fall in arrivals in coming days.