Login ID:
Password:
Partner Login
Contact Us : 7066511911

Oilseed Commentary: NCDEX Soybean futures positive on global rise

28 Jan 2021 7:54 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) – NCDEX Feb soybean futures closed 54 Rs higher at 4646 Rs/Qtl.


Chinese continue aggressive buying of US Soybeans with 4.85 million bushels of new crop being booked.


On the flip side of that, South American weather is turning more favorable, with sufficient rains in the extended forecast.


The CME Group’s farm markets were rallying on strong demand for soybeans and the end of aggressive investor selling.


The extended weather models over the next two weeks show more rain for Brazil and most of Argentina.


The longer term week three and four forecasts bring back dry conditions to southern Brazil and northern Argentina.


NCDEX Soybeans futures are likely to stay above 4500 Rs/qtl, trade towards 4800/4850 Rs/qtl in coming sessions.


(Commodities Control Bureau)


N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Icex Rubber Closing Price 25 February 2021
Icex Rubber Price 25 February 2021
Kottayam/Kochi Rubber Rates 25,February 2021
Shangahi Rubber Price (PM) 25 February 2020
Icex Rubber Price 25 February 2021
more
Top 5 News
Vegoils Commentary: Futures likely to show correction o...
Oilseed Commentary: CBOT Soybean closed lower on bearis...
Pulses commentary: Chana futures likely to remain firm ...
Metals Today: Base Metals Headed for Biggest Monthly Ga...
Energy Today: Crude Oil Headed for Fourth Monthly Gain ...
Top 5 Special Reports
Pulses Special: Government Procurement Key to Price Ral...
Weekly: NY Cotton Extends Upward Rally, Finishes Above...
Weekly: ICE Raw Sugar Marks Sweetest Weekly Rally Buoye...
Weekly: Most Pulses Moved Higher Over the Week, Chana ...
Weekly: Cotton #2 Replicates Stellar Performance from ...
Copyright © CC Commodity Info Services LLP. All rights reserved.