Futures contracts of mustard seed rose on NCDEX

Ram Gopal Yadav (6 years ago)

Futures contracts of mustard seed rose on NCDEX, tracking gains in the benchmark Jaipur market where prices were up due to fresh demand from domestic oil millers and crushers after the recent fall in prices. On NCDEX, the most active July contract was at 3,972 rupees per 100 kg, up 0.86%. A decline in stocks of the oilseed at the exchange-accredited warehouses also supported the contracts.

Brazil Soybean Exports Expected to Pass U.S.

Ram Gopal Yadav (6 years ago)

A forecast by the Department of Agriculture shows an increase in production could drive Brazil to pass the U.S. in soybean exports. Brazil is already the leading global producers of soybeans, and the second-largest exporter of the crop. USDA says Brazil’s soybean output is currently forecasted to exceed that of the United States by the 2018/19 marketing year. The milestone would represent a 22 percent increase in production over the last three years for Brazil. Almost all the increased production has made its way to the export market, according to USDA, which has risen 34 percent over the same time. In addition to significant growth in sales to China, Iran and Russia, domestic conditions in 2018 have also driven up exports. In May, Brazil’s soybean shipments reached a record high, despite a trucker strike in the nation and stalled deliveries to ports.

NCDEX soybean up as China to cut duty on Indian soy.

Ram Gopal Yadav (6 years ago)

Soybean futures on NCDEX rose after China said it will cut import tariffs on Indian soybean. The most active July contract on the domestic bourse was up 0.7% at 3,460 rupees per 100 kg. In Indore, the benchmark market, prices of soybean were up 25 rupees at 3,475-3,525 rupees per 100 kg.