Soyabean futures on NCDEX on fire, rule 40% higher than CBOT
April 14, 2021
Oilseed crushers say movement ‘unnatural’, demand SEBI action An “unusual” movement in soyabean futures on the National Commodities and Derivatives Exchange (NCDEX) has led to a hue and cry being raised with oilseed crushers complaining to the Centre.
The current movement has resulted in Indian futures prices ruling at least 40 per cent higher than Chicago Board of Trade (CBOT) soyabean futures.
On Tuesday, soyabean for delivery this month ended at ₹6,910 a quintal, while May and June futures closed at ₹6,727 and ₹ 6,570, respectively. NCDEX spot soyabean (Indore delivery) was quoted at 7,070 a quintal.
LAHORE: With negligible rains, gram crop has shrunk to about one-third of a typical size, prompting imports of the mostly consumed legume, traders said on Tuesday.Pulse trader Danial Ahmed said.
April 14, 2021 THE Provincial Government of Negros Occidental has alloted about P19.2 million in additional fund for its crop insurance program aimed at helping local farmers.
Governor Eugenio Jose Lacson signed a Memorandum of Agreement (MOA) with Philippine Crop Insurance Corp. (PCIC) president Jovy Bernabe for the transfer of funds at the Provincial Capitol Building in Bacolod City Thursday, April 14, 2021.
Dubbed Negros First Crop Insurance Program (NFUCIP), the program is a joint initiative of the provincial government and the PCIC to insure agricultural crops in the province.
The additional fund is intended for the implementation of the insurance program for the crop year 2021 and onwards.
Montana growers of canola, camelina, flaxseed, mustard, safflower, soybeans and sunflower crops will vote on 0.5% checkoff Montana oilseed growers will soon
The impacts to this yearâs apricot crop are a bit more up in the air, but a freeze Tuesday night appears to have generally spared local peach growers.
Bruce Talbott of Talbott Farms in Palisade said that fruit trees are only now breaking out of their winter dormancy, helping protect them from the impacts of Tuesday nightâs freeze.
âEverything except apricots is still very durable. We can probably take 10 degrees (as a low) and still have a peach crop and we werenât there. We werenât close to there,â he said.
The official Grand Junction low temperature Wednesday morning was 20 degrees. Kris Sanders, a National Weather Service meteorologist in Grand Junction, said the agency received reports of low temperatures ranging from 16 degrees just north of Fruita to 29 in Palisade. However, localized temperatures in the Palisade area can vary widely based on factors such as topography, and Talbott said Talbott Farms recorded a low of 18 degrees at one of its or