Soybean, oil and oil prices tumble in US agriculture markets

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Mumbai, Ta. September 28, 2019, Saturday

New demand in the Mumbai oil-seeds market was slow today. World market news was discouraging. There were reports of conflicts between China and the United States, and news of the weather being soft in US markets, prompting the United States to restrict investment in China.

Chicago soybean futures overnight fell 5 points in the US while soybean futures remained 5 to 5 points soft. In front of it there were instructions to stay in Soitel's futures overnight 5 to 5 points minus. However, New York Cotton futures overnight saw an increase of 3 to 5 points.

Meanwhile, world market analysts said that soybean stock is being celebrated in the United States, and when the new season is about to start shortly, there were forecasters suggesting that silak stock will remain large before the new arrivals. Meanwhile, in the spot market in Mumbai today, the price of 5kg was Rs 6 to Rs 5 for the digam of soyatel while the refinery price was Rs.

Meanwhile, in the market today, prices of palmetta remained sluggish at Rs 6 and Rs 6 for JNPT. New demand was also gaining ground. The prices of crude palm oil CPO Kandla were Rs.

In the Mumbai market, Singtel prices were trading at Rs 5 per kg while Rajkot side prices were at Rs 5 to Rs 5 and Rs 5 to Rs 5 per liter. While there was news that cotton washed at Rs 5 to Rs 5.

A new crop is celebrating in the shrimp. Sunflower prices in the Mumbai market remained at Rs 5 and Riffa at Rs 5, while the price of coconut continued to plummet, falling to the Rs 5-kg mark.

Cottonseed oil prices were trading at Rs 5, while the current price of Diwali was stagnating in the Mumbai market. The prices of castor were also hitting a low of Rs.

After the recent three-day recession circuit in the castor futures market, players were keeping an eye on how the market is doing now. Mustard prices were Rs. In the Mumbai khola market today, singhole prices were hovering around Rs 5 per tonne against the hike and Cottonseed hull prices were at Rs 5 a tonne.

The other laps were quiet though. Meanwhile, Madhya Pradesh side was witnessing the arrival of soybeans this afternoon, where prices stayed at Rs 5 to Rs 6 for plant delivery, while soybean prices were at Rs 5 to Rs 5 and Riffa to Rs 1 to 3.

Groundnut arrivals this morning were reported at around 3 times the Gondal side and Rajkot side at around 5 times and the spot price of groundnut was reported at Rs 5 to Rs 5 per kg and Rs 5 to 6 in the high.


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