CBOT corn declines to contract lows on technicals, big supplies.
EU sticks by downbeat wheat export hopes, despite harvest upgrade.
EU sticks by downbeat wheat export hopes, despite harvest upgrade.
Russian wheat prices fall under pressure from new crop.
Russian wheat prices fall under pressure from new crop.
India wheat down in spot markets on weak demand from millers.
India wheat down in spot markets on weak demand from millers.
MMTC to auction 1,619 tonne urad via NCDEX e-Markets.
MMTC offer 1,619.3 tonne of urad imported from Myanmar of the 2016 crop year for auction through NCDEX e-Markets. The pulse is stocked in the godown of Central Warehousing Corp in Wadala, Maharashtra. The bids remain valid for a maximum period of two MMTC working days, from the date of e-auction.
NCDEX chana hits 3% upper limit on dal millers buys.
Futures contracts of chana on the NCDEX hit the 3% upper circuit on demand from the dal millers. The most active September contract was up 3.8% from previous close. Investors bought chana futures on the expectation of better demand in coming days ahead of festivals and worries of lower output of the pulse in Australia.
Myanmar pulses industry in big danger.
After fixing the import limits by the Indian government, the largest pulses importer in India, Myanmar pulses Industry of $ 1 billion is in danger. According to sources, the Myanmar Agri Ministry has informed the Indian Embassy there on what the Indian government can do to protect the losses incurred by Myanmar farmers. Significantly, 80 percent of pulses production of Myanmar is exported to India. Sources reveal that in the first week of September, Prime Minister Shri Narendra Modi is visit Myanmar, there is a discussion in this regard. It is worth mentioning that a special team from Tanzania came to India a few days ago to discuss this topic.
NCDEX soybean down 1% on adequate monsoon rains.
Futures contracts of soybean fell over 1% due to adequate rains in the key growing areas of the commodity. The most-active October contract on NCDEX traded down 1.7% from previous close. Adequate rainfall on Sunday in the key growing areas of Madhya Pradesh, Maharashtra and Rajasthan is likely to benefit the soybean crop. Weakness in the soybean contract on CBOT also weighed on domestic futures.
NAFED procures 94 tonne sunflower seed in Odisha.
The National Agricultural Cooperative Marketing Federation of India has procured 94 tonne of sunflower seed under the price support scheme in Odisha. The procurement drive, which started in late July, is underway in Eram district and 152 farmers have sold their crop to the agency. NAFED started procuring the crop from growers as market prices fell below the minimum support price of 3,950 rupees per 100 kg, inclusive of a bonus of 100 rupees. The agency has wound up procurement of the oilseed in Haryana and Telangana.
India Sugar down in north India due to trade halt in Punjab, Haryana.
Prices of sugar rose in the key wholesale markets of Mumbai due to an increase in demand as Maharashtra markets opened after a three-day holiday. Prices of the sweetener, however, fell in the key wholesale markets of Delhi as demand was hit due to police blockades set up in Punjab and Haryana to quell unrest ahead of the announcement of the sentence against self-styled godman Gurmeet Ram Rahim.
Latest Report on Oil seeds Daily | Oilseeds Daily 20170828.pdf
Latest Report on Oil seeds Daily | Oilseeds Daily 20170828.pdf
Latest Report on Pulses Daily | Pulses Daily 20170828.pdf
Latest Report on Pulses Daily | Pulses Daily 20170828.pdf
Latest Report on Sugar | Sugar Daily 20170828.pdf
Latest Report on Sugar | Sugar Daily 20170828.pdf
Latest Report on Soybean Weekly | Soybean Weekly 20170828.pdf
Latest Report on Soybean Weekly | Soybean Weekly 20170828.pdf
Latest Report on Rapeseed Weekly | Rapeseed Weekly 20170828.pdf
Latest Report on Rapeseed Weekly | Rapeseed Weekly 20170828.pdf
Increase in acreage of cotton but lack of rains in the growing period of crop may affect yields.
Increase in acreage of cotton but lack of rains in the growing period of crop may affect yields.
China offered to sell 1.2 MMT of corn in auction of state reserves on 25 august.
China offered to sell 1.2 MMT of corn in auction of state reserves on 25 august.
Corn ticks up from more than 7-month low.
Corn ticks up from more than 7-month low.
Floods destroy 90,000 acres of paddy field in Myanmar.
Floods destroy 90,000 acres of paddy field in Myanmar.
Water crisis on Punjab not getting Basmati price.
Water crisis on Punjab not getting Basmati price.