India to witness high oilseeds production in current kharif season

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NEW DELHI: Seeing the broad area of cultivation in the current kharif season, the edible oil industry organization Solvent Extractors’ Association of India (SEA) is expecting a buffer production of oilseeds in the 2011-12 crop year (July-June). In the 2010-11 crop year, the country has registered a bumper production of oilseeds that reached to 31.1…


Oilseeds top speculators’ exit list amid sell-off

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Fast money proved particularly quick to exit the oilseeds complex during the depths of the market liquidation, with speculators adding soyoil to the list of crops on which they are betting on falling prices. No major crops avoided a sell-off by speculators amid the mayhem which followed the downgrading of America’s credit rating by Standard…


India cultivates rice in 26 million hectares of land this crop season

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NEW DELHI (Commodity Online) : World’s second largest Rice producer India is using 26 million hectares of land for rice cultivation during the current crop season, according to official data. As per data received from states, rice has been sown in 26.036 million hectares, an increase of 1.557 million hectares over last year’s acreage as…


Corn, Soybeans May Fall on Beneficial Weather, Dwindling Demand

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Corn and soybeans may fall for the second straight week as rain and cooler temperatures bolster crops, while a sluggish U.S. economy and rising global interest rates erode demand for grains and oilseeds. Fourteen of 27 traders and analysts surveyed from Tokyo to Chicago on July 29 forecast that corn will drop, and 15 of…


Grains, oilseeds end week mostly higher

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Soybeans were steady to higher on technical buying and spillover from the higher corn and crude oil. Traders were watching the weather with the crop heading into a critical development phase. In any event, the near term supply is tight and demand looks neutral to supportive. Soybean meal was mostly firm and oil was modestly…


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