Latest Blogs

(2 days ago)

soybean prices recovered & opened +ve in the future exchange on friday

Soybean prices recovered & opened +ve in the future exchange taking cues from International market.  Still oils prices and Rapeseed are supporting the soybean in physical and in the future exchange.  In yesterday CBOT, the soybean […]

(4 days ago)

Maize arrivals in Bihar are slowing down and prices are stabilising at the moment

Market Prices :- The Telangana tender part two has been scheduled, part one disqualified. It looks like the story second time too going by previous years’ experience. There is no news on Andhra Tender. The Arrivals […]

(4 days ago)

Today soybean again opened -ve in the future exchange

Today soybean again opened -ve in the future exchange taking cues from CBOT, though oil remains firm in MDEX & physical markets.  In yesterday CBOT, the soybean was under pressure from bilateral tensions between US & […]

(5 days ago)

Maize Telangana tender update is that the quantity confirmation is yet to receive from Markfed.

The Telangana tender update is that the quantity confirmation is yet to receive from Markfed. The market is awaiting the updates to plan their buying plan. The AP government cargo tender is in discussion mode only. […]

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Today soybean again opened -ve initially at today low in the future exchange

Today soybean again opened -ve initially at today low in the future exchange and soon the future exchange made recovery with strong oil prices and also taking the direction from MDEX. South American soybean oil have […]

(5 days ago)
The area under oilseeds increased by 24.56% to 16.636 million hectare vs 13.356 million hectare during the same period previous season

The Indian agriculture ministry on 24th July released the sowing progress report for this kharif season and according to them the area under oilseeds increased by 24.56% to 16.636 million hectare vs 13.356million hectare during the same […]

(1 week ago)
Rest of the maize growing regions will receive good rains per IMD sources

MP/Rajasthan are the two states which will face scanty to light rainfall in the coming five days, rest of the maize growing regions will receive good rains per IMD sources. We are very close to achieving […]

(1 week ago)
Today soybean opened positive in the future exchange taking cue from MDEX

Today soybean opened positive in the future exchange taking cue from MDEX . In yesterday CBOT,  soybean remains firm despite reports of Chinese crushers were making fewer enquiries amid escalating tensions. But in India the soybean […]

(1 week ago)
Maize sowing has risen up to 7.1 Myn hectares versus same time last year numbers of 6.6 Myn hectares.

Maize sowing has risen up to 7.1 Myn hectares versus same time last year numbers of 6.6 Myn hectares. The overall last year sowing number was 7.4 Myn hectares. Telangana is witnessing a major drop in […]

(1 week ago)
Today soybean opened flat to negative in the future exchange

Today soybean opened flat to negative in the future exchange as profit booking observed in MDEX. In CBOT soybean  remain firms on account of fresh sales to China and it was not a bad performance for the […]

(2 weeks ago)
Today soybean opened positive in the future exchange taking cues MDEX.

Today soybean opened positive in the future exchange taking cues MDEX.  The first half MDEX opened strong and later some profit booking was observed in the start of second session. The soybean is trading at INR 37,640 […]

(2 weeks ago)
Telangana maize tender for 70k Mt has been quoted the highest at 1188.50

Telangana tender for 70k Mt has been quoted the highest at 1188.50 by Kisan Bhandar, a private consortium of four to five people. The main question now is wether the government awards the tender at this […]

(2 weeks ago)
Today soybean again opened flat to positive in the future exchange taking cues MDEX

Today soybean again opened flat to positive in the future exchange taking cues MDEX. The soybean prices are still supported by the oils prices which recovered by INR 500-700 PMT. The soybean is trading at INR 37,840 […]

(2 weeks ago)
Soybean sowing reports increased by 40.75% to 15.495 million hectare vs 11.009 million hectare during the same period previous season

The Indian agriculture ministry on 17th July released the sowing progress report for this kharif season and according to them the area under oilseeds increased by 40.75% to 15.495 million hectare vs 11.009 million hectare during the […]

(2 weeks ago)
Maize sowing reports indicates the 10% increase in sowing numbers

This week sowing reports indicates the 10% increase in sowing numbers versus last year same time. MP/Karnatka/Maharashtra are reporting higher acreages and the crop in Maharashtra especially is being told as in the best condition. The […]

(2 weeks ago)
Today soybean again opened +ve in the future exchange

Today soybean again opened +ve in the future exchange taking cues MDEX & Cbot. The soybean prices are range bound & appear flat to positive due to good support from oil. The soybean is trading at INR […]

(3 weeks ago)
Today soybean again opened +ve in the future exchange

Today soybean again opened +ve in the future exchange taking cues MDEX & Cbot. But soybean prices in second half become weak and traded low as INR 37, 360. Good sowing reports of oil seeds crop […]

(3 weeks ago)
The AP maize tender for full quantity of 0.45 Myn Mt.

There are rumours about the AP maize tender for full quantity  of 0.45 Myn Mt. This along with the Telangana tender combined we will have more than 0.5 Myn Mt cargo coming into the market. The […]

(3 weeks ago)
Maize Bihar market- positive sentiment in the market and prices can move up in the short term.

There are market rumours that the Telangana tender terms could be altered and date is likely to be extended. This news along with the Bihar lockdown will have a positive sentiment in the market and prices […]

(3 weeks ago)
Pulses witnessed downside movement

Most pulses witnessed downside movement because of subdued demand from the dal millers. Chana however finished slightly higher because of gains in NCDEX futures. Fear of sale of cargoes of chana from NAFED is likely to […]

(3 weeks ago)
Maize local demand is very subdued

Cargo quality has become paramount in Bihar while trading the cargo, the premium/discount is as high as 70-100/- qtl for an average grade/superior grade cargo. The local demand is very subdued and buyers are very spot […]

(3 weeks ago)
Maize demand from Bangladesh continues to be the trigger

On Monday,  Bangladesh’s demand continues to be the trigger for market looking at better realisation than domestic markets. Quality concerns have started coming up and with rains every day situation is not going to get any better. […]

(3 weeks ago)
Maize prices looks to have stabilized at current levels in Bihar

Maize prices looks to have stabilised at current levels in Bihar largely due to Bangladesh demand and subsequent resultant demand thereof. Telangana tender has been announced and will be opened on 22 July 2020. Approx. 70000 […]

(4 weeks ago)
Soybean opened flat to firm taking cues from CBOT

Soybean opened flat to firm taking cues from CBOT, though soybean meal demand is weak due to ongoing shravan month. The soybean is trading at INR 37,280 against yesterday’s closed of INR 37,220. Arrivals of soybean again […]

(4 weeks ago)
Maize processors are just buying for spot demand

The current demand scenario for poultry and starch with on and off opening up of processing plants is not helping demand one bit. The processors are just buying for spot demand. The broiler placements according to […]

(4 weeks ago)
Maize poultry demand was subdued

The shravan month has begun from today and the poultry demand which was already subdued will be having even lower production for a month and a half from today. Market expects only 50% Broiler placement is […]

(4 weeks ago)
Maize arrival Increase in UP

Increase in UP arrivals are causing markets to trade lower, warehouse delivered levels are traded between 1200-1220 today. Bihar warehouses are also trading at similar levels. Truck Freights have moved lower to Punjab/Haryana regions from Bihar […]

(1 month ago)
Soybean opened in +ve node in the future exchange

Today soybean again opened in +ve node in the future exchange due to recovery in MDEX and strong rally in the Cbot for second straight session. Lower than expected sowing & emerging weather concerns raising yield worries in […]

(1 month ago)
Maize buying is subdued

Buying is subdued at the moment looking at lower price realization in the food and feed sectors. Just Need-based buying being done, stocking demand largely has been catered to in Bihar, and now challenges with empty […]

(1 month ago)
Soybean meal prices opened flat on Tuesday.

Soybean meal prices opened flat on Tuesday. Soybean meal prices range INR 28,800-32,700+ GST across India. For some plants material, the reseller are quoting as low as INR 28,000 PMT+ GST in MP and INR 29,400 […]

(1 month ago)
Chana prices fall on Monday

Chana prices after a sharp fall on Monday have bounced back today owing to hopes that government disbursement may reduce the inventories. Government’s nodal agencies have nearly 3.0-3.2 mln ton of chana which includes this years’ […]

(1 month ago)
Maize prices were trade slightly weaker on lower demand from south and east markets

The Update from Mr. Prime Minister is that 80 crore Indians will get free ration of 5kg Wheat or 5kg Rice along per person along with 1kg chana per family till November 2020, in his latest […]

(1 month ago)
Soybean kharif season area under oilseeds increased to 8.331 million hectare

The Indian agriculture ministry on 26th June released the sowing progress report for this kharif season and according to them the area under oilseeds increased to 8.331 million hectare which is more than five times than […]

(1 month ago)
Maize sowing has moved up 100% as compared to same time last year.

Maize sowing has moved up 100% as compared to same time last year. With better monsoon coverage, market can early sowing across regions which means if all goes well kharif crop arrival will be seen earlier […]

(1 month ago)
Uneven distribution of rains in Maharashtra could hit early sown tur crop

Rains in Marathwada and Vidarbha region of Maharashtra has been below normal over the last 5-6 days. This could damage the early sown crop in the region. In north-interior Karnataka sowing so far has been less […]

(1 month ago)
Government allow Maize imports @ 15% duty

The government issued a notification to allow imports up to half a million tonne at concessional rate of import duty @ 15%. How and why this has come now is beyond anybody’s comprehension. Arrival flow is […]

(1 month ago)
Maize arrivals are constant in the Bihar & WB

The markets are trading sideways from yesterday’s levels. The Bihar/WB arrivals are constant, estimated to be only about 20-25% of what they were last year. This gets reflected in rake numbers moving out as well. Destination […]

(1 month ago)
Limited gains to soymeal exporters despite depreciation of Rupee

The Rupee which has depreciated 3% since the beginning of the year has not benefited soymeal traders as domestic prices continue to remain out-priced in the global market. Indian rupee is currently at 71.98 today. Indian […]

(11 months ago)
Nizamabad maize prices continue to trade near record high on low supply

Maize prices continue to trade near record levels of 2,600 rupees per 100 kg in Nizamabad over the last few weeks despite higher kharif sowing acreage. Lower arrivals, demand from poultry feed and starch manufacturers and […]

(12 months ago)
Chana seen down on subdued demand

Chana, the key driver of other pulses continued to trade in a tight range of 4,150-4,350 rupees per 100 kg over the last few weeks due to absence of clear cues. Subdued demand from dal millers […]

(12 months ago)
Palm oil prices turning to Positive side

Malaysian palm oil futures climbed more than 1% on Tuesday, recovering from two previous sessions of sharp declines, along with this MPOB data declared Ma Palm oil stocks id down by 10.34% but production is slightly […]

(1 year ago)
IMD’s 2nd stage long range forecast for southwest monsoon 2019

Rainfall over the country as a whole for the 2019 southwest monsoon season (June to September) is most likely to be NORMAL (96% to 104% of long period average (LPA)). Quantitatively, monsoon season rainfall for the […]

(1 year ago)
Positive Indian Ocean Dipole likelihood increases

The Pacific Ocean and overlying atmosphere remain close to El Niño thresholds, so the ENSO Outlook remains at El Niño WATCH. Models indicate the tropical Pacific Ocean will ease away from El Niño levels, becoming neutral during winter. The Indian Ocean […]

(1 year ago)
USDA WASDE: May 2019 Soybean Update

The 2019/20 outlook for U.S. soybeans is for higher supplies, crush, exports and slightly lower ending stocks compared to 2018/19. The soybean crop is projected at 4,150 million bushels, down 394 million from last year’s record […]

(1 year ago)
US soybean Supply weighty since the United States entered a trade war with China- More Supply than Demand

U.S. soybean supplies have been particularly weighty since the United States entered a trade war with top buyer China last year, and a record-large crop only added to the glut. U.S. corn stocks have also been […]

(1 year ago)
Its too early to predict about India’s next season soybean crop

The government expecting India’s soybean output for the next season will be at 13.7 MMT, higher by 25% from previous year’s level, according to the farm ministry’s second advance estimates. However, according to IMD prediction over […]

(1 year ago)
Wheat procurement picks up in this week; although slower than Normal in UP, MP and Rajasthan

Following up on our past week’s article on slow wheat procurement in India, we are noticing a sharp rise in wheat procurement in some states. Punjab has procured 7.55m tonnes of wheat till end April, as […]

(1 year ago)
Palm oil bearish fundamentals are more dominating then market opportunity

Malaysian palm oil futures prices continuously in a falling streak, fell more than 2% to their lowest in nearly a month, mostly weighed down by weaker related edible oils. Also, the expectation of higher than expected […]

(1 year ago)
Slow wheat procurement gains attention, raises eyebrows about domestic availability

Relatively cool temperatures in March month and untimely April rains have delayed the wheat harvest in parts of North India. Rains and storms in Haryana Punjab, Northern Rajasthan and Western UP slowed down the harvest, resulted […]

(1 year ago)