Mustard prices a tad up in Jaipur as arrivals fall

Ram Gopal Yadav (6 years ago)

Prices of mustard rose marginally in Jaipur as arrivals of the oilseed in local markets declined amid higher crushing activity by mills. However, futures contracts of mustard declined as traders booked profits after the May contract hit a two-week high. The most active June contract slipped a tad to 3,901 rupees per 100 kg while the May contract was down 7 rupees at 3,862 rupees.

Malaysia CPO ends flat as ringgit weak, CBOT soy down

Ram Gopal Yadav (6 years ago)

Crude palm oil futures on Bursa Malaysia Derivatives ended flat as gains due to a weak ringgit against the dollar were offset by a decline in soyoil contracts on CBOT. A weak Malaysian currency makes the commodity cheaper for buyers holding other currencies.The most-active July contract of crude palm oil on the Malaysian bourse hit a near two-week high of 2,400 ringgits (40,727.94 rupees) per tn. The most-active July contract of crude palm oil on the Malaysian bourse hit a near two-week high of 2,400 ringgits (40,727.94 rupees) per tn.

Soybean futures are trading 5 to 6 cents higher

Ram Gopal Yadav (6 years ago)

Soybean futures are trading 5 to 6 cents higher this morning in a little Turnaround reaction. They finished Monday with 19 to 25 1/4 cents losses in the front months. Pressure from meal and profit taking ahead of Thursday’s USDA report pressured prices lower. Soy meal was down $9.60/ton, with front month soy oil up 11 points. A plunge in the Argentine peso hurt US meal values by making exports less competitive. The USDA indicated that 533,667 MT of soybeans were shipped for the week that ended 5/3. That was down 22.89% from a week ago but 43.79% larger than this time last year. Soybean planting progress was shown 15% complete by the USDA on Monday afternoon. That was 10% more than last week and is now ahead of the average pace by 2%.