Gold down as improved risk sentiment dents safe-haven demand

Gold fell on Friday, following its biggest one-day percentage loss in a month in the previous session, on a firmer dollar and increased investor appetite for riskier assets due to strong U.S. data and corporate results.

Spot gold fell 0.1% to $1,285.01 per ounce as of 0311 GMT.

U.S. gold futures was 0.1% lower at $1,285.20 an ounce.

Spot gold fell 0.8% on Thursday, its biggest one-day percentage decline in a month after risk sentiment improved.

"Markets are very much inclined towards the riskier assets. Investors are trying to price in breakthrough in talks due to the conciliatory tone from both the camps.

"Strong corporate earnings have also helped to give some support to equities and dollar. Most of the managed-money managers are trying to take out profits, which is pressuring gold."

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Soyabean trading range for the day is 3671-3839

* Soyabean trading range for the day is 3671-3839.

* Soyabean prices gained on demand hopes of soymeal from China because of trade rift with US as millers were active buyers.

* Moreover, higher imports of edible oil also pressurize oil seed prices in the country.

* Soybean arrivals are pegged at 77 lt, up by 23.2% on year by SOPA.

* At the Indore spot market in top producer MP, soybean gained 4 Rupees to 3845 Rupees per 100 kgs.

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Soyabean trading range for the day is 3737-3791

Soyabean trading range for the day is 3737-3791.

Soyabean prices dropped on profit booking after prices seen supported in recent sessions amid fears of the emergence of El-Nino this year.

India's 2018-19 soybean output is projected 24.7% higher at 13.69 million tons as per second advance estimates released by agriculture ministry.

China may import higher soybean in 2019/20-USDA At the Indore spot market in top producer MP, soybean dropped -5 Rupees to 3908 Rupees per 100 kgs.

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Sugar sale quota increased to 24.5 LT for March

The Union Food Ministry on Tuesday said the sugar sale quota for March has been been increased to 24.5 lakh tonne (LT) for domestic sales and dispatches to help millers earn more and clear cane arrears.

Besides, the sugar industry has recently been advised to go for advance booking of sugar sales to bulk consumers, the Ministry said in a statement.

The quota was 23.54 lakh tonne in February.

The increase in the quantity of the stock to be sold in open market in March comes after the increase in the minimum selling price (MSP) from Rs 29 to Rs 31 per kg in mid-February.

The raise in quota is "to provide an opportunity to mills to realise maximum revenue from sales at enhanced MSP to improve their liquidity to clear cane price arrears of farmers", the statement said.

Sugar mills cannot sell their sugar at ex-mill prices which is below MSP and any violation of the same would attract severe penal action.

Total sugar production in the country is expected to be around 30.7 million tonne in 2018-19 as against 32.25 million tonne in 2017-18.

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Soyabean trading range for the day is 3732-3838

Soyabean trading range for the day is 3732-3838.

Soyabean dropped on profit booking after prices dropped due to improving physical demand tracking higher exports of soybean meal.

India, 2018-19 soybean output is projected higher at 13.45 million tons from 10.98 million tons, according to data from agriculture ministry.

NCDEX accredited warehouses soyabean stocks gained by 2515 tonnes to 144831 tonnes.

At the Indore spot market in top producer MP, soybean gained 12 Rupees to 3867 Rupees per 100 kgs.

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Soyabean trading range for the day is 3788-3908

Soyabean trading range for the day is 3788-3908.

Soyabean prices gained due to buying by millers in physical markets induced by hopes of fresh demand for meal exports.

Fears of lower output of soybean in Brazil and Argentina due to adverse weather also supported prices.

NCDEX accredited warehouses soyabean stocks gained by 318 tonnes to 141513 tonnes.

At the Indore spot market in top producer MP, soybean gained 32 Rupees to 3891 Rupees per 100 kgs.

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Soyabean trading range for the day is 3177-3279

Soyabean trading range for the day is 3177-3279.

Soyabean settled down as market is expecting bumper crop during next season.

As per SOPA, soybean production in 2018/19 may highest in last 5 year at 114.8 lakh tonnes 37.8% higher than last year production.

As per 1st advance estimate 2018/19, soybean production is forecast about 22.5% higher at 134.6 lakh tonnes on year.

At the Indore spot market in top producer MP, soybean dropped -18 Rupees to 3189 Rupees per 100 kgs.

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