Browsing Tag

Soyabeans

US MIDDAY: soyabeans surge

February 25, 2014 US soyabeans rose for the third consecutive session on Monday to hit a five-month high as rains stalled the harvest in South America and data from Washington confirmed robust shipments of the oilseed out of the United States. Corn futures declined at the Chicago Board of Trade amid easing political unrest in major corn exporter Ukraine. Wheat futures were narrowly higher as bitter cold again threatened to damage the dormant US crop. CBOT March soyabeans jumped 14-1/2…

US MIDDAY: soyabeans rise

February 21, 2014 US soyabeans futures firmed on Thursday, erasing losses made in the overnight trading session, on support from a government forecast for acreage expansion that came in below market expectations, traders said. Gains in the new-crop contracts outstripped old-crop offerings due to the plantings outlook. "While increased acres will have near-term bearish effect, they were below expectations, and the market may be able to shrug off bearishness readily particularly on the…

Indian soyabeans, soyaoil hit eight-week high

October 24, 2013 Indian soyabeans and soyaoil futures rose on Wednesday to their highest level in eight weeks on robust demand in spot markets amid limited supplies. Rapeseed edged higher, following gains in edible oils and due to thin supplies in spot markets. At 0744 GMT, the key November soyabean contract was up 2.71 percent at 3,682.50 rupees ($59.72) per 100 kg on the National Commodity and Derivatives Exchange, after rising to 3,693 rupees earlier, the highest level since August 28.…

Indian soyabeans, soyaoil steady; rapeseed drops

October 20, 2013 Indian soyabean and soyaoil futures were treading water on Friday as profit-taking driven by a likely rise in soyabean supplies offset healthy demand for edible oils due to festivals. Rapeseed futures fell on weak demand and a likely rise in the acreage. Soyabean harvesting in key growing areas was disrupted earlier this month due to heavy rainfalls. The weather has become dry now and supplies are likely to rise from next week, dealers said. "Edible oil stocks have…

Soyabeans and corn rise

October 16, 2013 US soyabeans futures rebounded from a 20-month low on Monday and corn rose slightly from a 37-month low as rain was expected to stall the Midwest harvest this week followed by frigid weather which could damage crops in some areas. Prices for both commodities, however, remain anchored by expectations for massive US crops this year. US Department of Agriculture crop reports are not available due to the partial government shutdown but investors are still receiving a steady…

US Midwest soya bids steady to lower October 12, 2013

October 12, 2013 Soya spot basis bids were mostly steady to lower around the US Midwest on Thursday, pressured by the advancing harvest and largely better-than-expected early yield results, dealers said. The soya harvest was starting to accelerate after rains in recent weeks resulted in the slowest start to the soya and corn harvest in four years. Yield results varied widely but many dealers said they were generally above average but could decline as more results are tallied - farmers…

Indian soyabeans hit six-week peak

October 10, 2013 Indian soyabeans futures rose on Wednesday to their highest level in six weeks on tight supplies in spot markets as heavy rainfall disrupted harvesting of the oilseed. Soyaoil futures hit a one-month high on good demand and gains in Malaysian palm oil. Rapeseed rose, following gains in edible oil prices. Malaysian palm oil futures climbed to their highest in four weeks on Wednesday as investors bet a key industry report may show palm stocks and output growth in…

Soyabean export premiums remain lower

September 25, 2013 Soyabean export premiums at the US Gulf Coast were steady to lower on Monday, with deferred offers extending a slight decline as the US harvest advanced, traders said. US harvests are expected to pick up speed this week because crops are maturing and weather conditions are improving. Crop cutting should be in full swing by the end of the month, helping to rebuild low inventories. The US soyabean harvest was 3 percent complete as of Sunday and the corn harvest was 7…

Soya soars September 20, 2013

September 20, 2013 Chicago Board of Trade soya futures rose for the first time in four sessions on Wednesday on bargain buying a day after the benchmark November contract fell to a three-week low, and as worries about tight US supplies lingered. Corn and wheat also firmed, rallying near the closing bell on a drop in the value of the US dollar after the Federal Reserve surprised investors by deciding to continue its massive stimulus program. The move buoyed Wall Street and lifted gold and…

Soyabeans fall two percent

September 18, 2013 US soyabeans fell 2 percent on Monday for the second straight session as forecasts for more rain this week eased concerns about declining US harvest prospects and offset a tighter-than-expected supplyy outlook from the government Corn slipped on reports of big yields from the early US harvest, adding to a sharp drop since last Thursday's surprise increase in the US Department of Agriculture's production forecast. Wheat eased under pressure from big US supplies. US…

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