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Domestic oil seed and edible oil futures mostly traded up marking modest change Thursday as a bullish overseas market supported prices to rally up. While a decent rise in BMD crude palm oil boosted soy oil futures, soybean futures drew support from firm overnight gains on CBOT. Ongoing rainfall in Maharashtra and Madhya Pradesh may however, weigh on the sentiment. Mustard seed futures however, ticked down on slight profit booking.
Chicago Board of Trade [CBOT] soy futures traded down during electronic trading. Soybean August contract traded at USD 9.996 [-1.50] per bushel. Soy oil August contracts offered at 38.02 cents per pound, down 0.09 points.

July soy oil on National Commodity Derivatives Exchange [NCDEX] traded at Rs 454 [-0.60] per 10 kg with volume of 1,160 lots. August contract quoted at Rs 461.30 [+0.15] per 10 kg with 10,830 lots traded. July contract on National Board of Trade [NBOT] quoted at Rs 453.60 [+5.00] per 10 kg. August contract on Multi Commodity Exchange of India [MCX] traded at Rs 458.95 [+0.65] per 10 kg with volume of 14 lots.

Soybean futures on NCDEX traded mixed. July contract traded at Rs 1,925 [-1.00] per 100 kg at 10:29 am IST. Volume so far was 1,500 tons. August contract traded at Rs 1,967 [+7.00] per 100 kg with volume 12,780 tons.

MUSTARD SEED

Mustard seed futures traded down as July contract offered at Rs 524.25 [-0.05] per 20 kg with 1,680 lots traded. August contract traded at Rs 531.65 [-0.10] per 20 kg with 7,500 lots traded.

Mustard seed futures (September contract) on Hapur exchange traded at Rs 527.25 [-0.75] per 20 kg.

CASTOR SEED

Castor seed futures closed down under selling pressure Wednesday. RBOT September contract closed at Rs 3,658 [-30.00] per 100 kg.


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