MARKET DEVELOPMENT
Indian Soybean up On Oilmeal Demand; Sugar Dips
Indian Soybean up On Oilmeal Demand; Sugar Dips
12/04/2016 (Reuters) - Indian soybean futures gained on Monday, supported by higher domestic demand for oilmeal, while rapeseed fell on continued profit taking.
* The May soybean contract rose 0.9 percent to 4,157 rupees ($62.68) per 100 kg, while the May rapeseed contract ended 0.69 percent down at 4,453 rupees per 100 kg.
* May soyoil futures were down 0.48 percent at 662.40 rupees per 10 kg at 1614 GMT, tracking lower Malaysian palm oil futures.
SUGAR
* The most active May sugar contract was down 1.29 percent at 3,472 rupees per 100 kg.
* Traders and analysts say that lower production estimates and demand for sweetener during the summer are likely to push sugar prices higher.
CORN, WHEAT
* May corn futures dropped 1.24 percent to close at 1,191 rupees per 100 kg, while the May wheat contract edged up 0.12 percent to 1,614 rupees per 100 kg. ($1 = 66.3188 Indian rupees)
* The May soybean contract rose 0.9 percent to 4,157 rupees ($62.68) per 100 kg, while the May rapeseed contract ended 0.69 percent down at 4,453 rupees per 100 kg.
* May soyoil futures were down 0.48 percent at 662.40 rupees per 10 kg at 1614 GMT, tracking lower Malaysian palm oil futures.
SUGAR
* The most active May sugar contract was down 1.29 percent at 3,472 rupees per 100 kg.
* Traders and analysts say that lower production estimates and demand for sweetener during the summer are likely to push sugar prices higher.
CORN, WHEAT
* May corn futures dropped 1.24 percent to close at 1,191 rupees per 100 kg, while the May wheat contract edged up 0.12 percent to 1,614 rupees per 100 kg. ($1 = 66.3188 Indian rupees)