Fundamental Aspect: Chinese traders have slowed their buying for October soybean shipments amid the expectation that Beijing and Washington could reach a trade agreement during talks in Washington in September, sources said. China has bought about 4 million mt of soybeans for October shipment out of the 6.6 million mt it has contracted to buy for the month, according to the sources, leaving 40 percent of the month’s purchases...
Fundamental Aspect: Chinese traders have slowed their buying for October soybean shipments amid the expectation that Beijing and Washington could reach a trade agreement during talks in Washington in September, sources said. China has bought about 4 million mt of soybeans for October shipment out of the 6.6 million mt it has contracted to buy for the month, according to the sources, leaving 40 percent of the month’s purchases...
Fundamental Aspect: India’s trade ministry has recommended raising the tax on refined palm oil imports from Malaysia to 50% from 45% to curb cheaper purchases of the commodity, a government document said. India, the world’s biggest edible oil importer, currently imposes a 40% import tax on crude palm oil (CPO) and 50% on refined palm oils. But shipments of refined palm oils from Malaysia have since January been taxed at...
Fundamental Aspect: Turmeric traders at Erode have received some fresh upcountry demand. At the Erode Turmeric Merchants Association Salesyard, finger turmeric was sold at ₹5,499-7,574 a quintal and the root variety at ₹5,099-6,769. Source: BS U.S. soybean futures rose on Monday as President Donald Trump predicted a trade deal with China, cooling fears about escalating tensions with the top importer of the oilseed. Traders grew...
Fundamental Aspect: U.S. soybean futures rose on Monday as President Donald Trump predicted a trade deal with China, cooling fears about escalating tensions with the top importer of the oilseed. Traders grew hopeful that the world’s two largest economies could move toward an agreement to end their trade war as Trump said he believed Beijing was sincere about wanting a deal. Source: FP Turmeric traders at Erode have received some...
Fundamental Aspect: U.S. soybean futures rose on Monday as President Donald Trump predicted a trade deal with China, cooling fears about escalating tensions with the top importer of the oilseed. Traders grew hopeful that the world’s two largest economies could move toward an agreement to end their trade war as Trump said he believed Beijing was sincere about wanting a deal. Source: FP Fresh selling was seen in chana and oilseeds...
COPPER Fundamental Aspect On Metal Segment Considering the US and the China trade war as it affected the whole global economy of the world and have impacted directly on the Base Metals. Both countries are playing tariff-tariff on each other which weighed down on the supply and the demand of the Base Metals. Recently China has announced to impose extra 5% of Tariff on imports of Copper and Aluminum Scrap...
Fundamental Aspect: NCDEX Guarseed futures tumbled sharply in the previous trading session as traders focused on the rising area under the commodity in leading producing state of Rajasthan. The latest data from Agri Ministry of the state show that Guarseed area stood at 27.60 lakh hectares (ha) as on 21st August compared to 27.30 lakh ha during the comparable time last year. This marked a rise of 1% and traders hoped that...
Fundamental Aspect: NCDEX Guarseed futures tumbled sharply in the previous trading session as traders focused on the rising area under the commodity in leading producing state of Rajasthan. The latest data from Agri Ministry of the state show that Guarseed area stood at 27.60 lakh hectares (ha) as on 21st August compared to 27.30 lakh ha during the comparable time last year. This marked a rise of 1% and traders hoped that...
Fundamental Aspect: The U.S. corn and soybean crops conditions deteriorate, according to the USDA’s weekly Crop Progress Report released Monday. The nation’s crop is rated 53% good/excellent compared with 54% a week ago and 65% a year ago. Also, 90% of the soybean crop is blooming vs. a 96% five-year average. The USDA pegged the number of soybeans setting pods at 68%, well below a five-year average of 85%. Source:...
