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Home >> Market >> News >> News Details

Commodity Futures - Pre-session commentary
16-Apr-2018     09:39

Agri Commodities Preview: Global Soybeans Off Five Week High On Brazil Crop Outlook

NCDEX Soybean futures are expected to see a mixed trend though weak global cues are likely to cap the upside for the counter. CONAB Raises Brazil's Soyabean Estimates For MY 2017/18. In a latest monthly crop report, Conab increased their 2017/18 Brazilian soybean estimate by 1.9 million tons to 114.9 million tons. If realized, the 2017/18 Brazilian soybean crop would be .8% larger than last year's crop which totaled 114.0 million tons. The 2017/18 soybean acreage is now estimated at 35.08 million hectares (86.6 million acres), which is 3.5% more than last growing season. The 2017/18 soybean yield is estimated at 3,276 kg/ha (48.4 bu/ac), which is down 2.6% compared to last year's yield of 3,225 kg/ha (47.7 bu/ac). This pulled the global Soybean futures from a near five week high. The

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