Thailand rice export prices fall over last week.
Sri-lanka plans to buy rice from Myanmar through govt to govt.
Sri-lanka plans to buy rice from Myanmar through govt to govt.
Dairy body buys 1,500 tn de-oiled rice bran.
Dairy body buys 1,500 tn de-oiled rice bran.
Andhra Pradesh farmers advised by IMD to ready paddy nursery.
Andhra Pradesh farmers advised by IMD to ready paddy nursery.
CBOT wheat up on weak dollar vs euro, dry weather.
CBOT wheat up on weak dollar vs euro, dry weather.
Wheat prices up in Indore on firm demand, low supplies.
Wheat prices up in Indore on firm demand, low supplies.
Ukraine wheat update.
Ukraine wheat update.
CBOT soybean futures gain on weather vagary in US.
Futures contracts of soybean on the CBOT extended previous session gains and traded 0.5% higher due to low soil moisture and prevailing hot weather in the US. The unfavourable weather may hit the growth and resultant yield of the plant. Around 40% of the soybean crop in the country is in poor condition. The most active August soybean contract traded at $9.9450 a bushel on the CBOT up 0.5% from the previous close.
China to import more US soybean.
Seven Chinese soybean buyers signed agreements here last week to buy 12.5 million metric tons (460 million bushels) of 2017-2018 U.S. soybeans, the second-largest deal after the 2015 agreement.
Jaipur mustard seed down on low buys from oil millers.
Mustard seed prices in Jaipur were down because of lower demand from the oil millers. However, arrivals across the country were unchanged at 95,000 bags (1bag=85kg). The most active August futures ended down 1%. Weakness in the entire edible oil complex due to expectation of a cut in the import duty on the crude palm oil is also seen creating bearish sentiment.
NCDEX soybean down 1% on cues from spot markets.
Futures contracts of soybean fell nearly 1% on the NCDEX, taking cues from weakness in major spot markets. The most active August contract of soybean on the NCDEX was down 0.8% from the previous close. The October contract was also trading 0.2% lower. Prices fell in major spot markets after sufficient rainfall in Madhya Pradesh this week boosted prospects of improved sowing in the state.
NCDEX marks 3,330 tonne soybean for staggered delivery.
NCDEX has marked 3,330 tonne of soybean for staggered delivery in the July contract. Staggered delivery is used to check any artificial rise in prices. Under this mechanism, sellers can indicate intention of delivery to the exchange during the tender period, currently a 10-day span before the contract expires. The bourse has also marked 1,090 tonne of maize, 970 tonne of wheat, 610 tonne of mustard seed, 540 tonne of barley, 460 tonne of guar seed, 280 tonne of castor seed, 69 tonne of jeera, 30 tonne of guar gum, 10 tonne of cottonseed oilcake, and 5 tonne of turmeric for staggered delivery in the July contract.
Indian soybean falls, as high rainfall in key planting areas.
Indian soybean futures fell, as high rainfall in key planting areas raised the possibility of higher supply. The key soybean planting states of Madhya Pradesh, which accounts for about 60 percent of the country soybean production, and Rajasthan, which accounts for about 27 percent, recorded excess rainfall over the week ended July 19. August soybean futures closed 1 percent lower on NCDEX. Soyoil futures were down 1.1 percent. Rapeseed futures ended 1 percent lower at 3,668 rupees.
Canada holds a 43.97 per cent market share in U.S. pulse imports.
Canadian pulse imports into the U.S. has averaged US$313.235 million. Mexico was a distant second at US$137.731 million, for a 13.26 per cent market share. For the January-to-May period of this year, Canada has sold US$141.517 million in pulses to the U.S.
Canada ups year to Jul chana price forecast by 4% as inventory falls.
Canada has further scaled up its 2016-17 (Aug-Jul) price estimate for chana for the third time this year, while retaining that for peas and masur. Chana or chickpeas prices for 2016-17 have been forecast higher at $990-$1,000 per tonne from $950-$960 per tonne estimated last month. The average price is forecast to increase sharply to record prices, due to lower Canadian and world stocks. However, in 2017-18, prices are likely to see a correction and are likely to be quoted in the range of $960-$990 per tonne.
NCDEX chana hits 3% upper limit on bargain buying.
Chana futures contracts on the NCDEX hit the 3% upper limit on improved buying by the investors after prices hit the key support level. The most active September futures contract was up 2.1% from previous close. Lower arrivals of the pulse in the local market is seen supporting upside in the chana prices.
Tur prices down in Kalaburagi(Gulberga) as rains deter buying.
Prices of tur fell in Kalaburagi, Karnataka, as rains in the region deterred purchases of the commodity. In Akola, Maharashtra, prices were steady. Low supply amid low demand kept prices steady in Akola.
MMTC to auction 358.35 tonne urad via NCDEX e-Markets.
MMTC offer 358.35 tonne urad, imported from Myanmar, for auction on Thursday through NCDEX e-Markets. The pulse is stocked at Central Warehousing Corp in Vashi, Navi Mumbai.
Madhya Pradesh buys 170,000 tonne of summer-grown moong in over a month.
The Madhya Pradesh government procured around 170,000 tonne of summer-grown moong in five weeks at a minimum support price of 5,225 rupees per 100 kg, including bonus. The procurement drive is underway at 71 centres in the state, procuring moong under the price stabilisation scheme since Jun 10. Initially, the state government targeted to procure 150,000 tonne of the pulse, but it now pegs the procurement to be around 200,000 tonne by Jul 31.
India Food Corp to auction tur, masoor via NCDEX e-markets.
The Food Corp of India will offer 8,359.17 tonne tur and 27.90 tonne masoor for auction on Thursday through NCDEX e-Markets. The pulses are stocked at warehouses in Maharashtra, Madhya Pradesh, and Telangana.