Prices in Europe’s animal feed meal market rose, supported by the previous day’s rise in Chicago soymeal, ahead of world crop forecasts from the U.S. Department of Agriculture (USDA). The only significant trade reported was in rapeseed meal, which traded at 233 euros ($276.62) a tonne free on truck for prompt delivery in Hamburg.
China cutting U.S. soybean purchases in face of tariffs threat
With the threat of tariffs and counter-tariffs between Washington and Beijing looming, Chinese buyers are canceling orders for U.S. soybeans, trend that could deal a blow to American farmers if it continues.
Canada Canola steady; anticipation of new stock data
The ICE Futures Canada canola market ended mixed. The front-month July contract was boosted by gains in soyoil while the more deferred contracts were pressured by strength in the Canadian dollar. Traders were positioning themselves ahead of North American stocks data. Spring seeding is in full bloom and most farmers are too busy to do much selling, which lifted the market. As well, some parts of Alberta are currently too wet to seed. Most analysts expected U.S. ending stocks to be around around the 2.18 billion bushel mark, which would be slightly bearish for prices.
Haryana cooperative purchases over 1.93 lakh MT mustard
Haryana State Cooperative Supply and Marketing Federation has so far purchased over 1.93 lakh metric tonnes of mustard in the current purchase season. As many as 99,501 farmers have so far been benefited with this purchase. 42,558 metric tonnes of mustard has been purchased in district Bhiwani, 9,122.30 metric tonnes in Charkhi Dadri, 5,734.90 metric tonnes in Fatehabad, 11,635.47 metric tonnes in Gurugram and 1,418.56 metric tonnes in Nuh.
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Latest Report on Coriander Daily | Coriander Daily 20180509.pdf
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Latest Report on Pulses Daily | Pulses_Daily 20180509.pdf
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Latest Report on Mustard Daily | Mustard Daily 20180509.pdf
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Latest Report on Sugar | Sugar_Daily 20180509.pdf
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Latest Report on Barley Daily | Barley_Daily 20180509.pdf
Andhra Pradesh government to provide Rs 200 bonus per quintal of maize.
Andhra Pradesh government to provide Rs 200 bonus per quintal of maize.
Iran tenders to buy 20,000 tonnes rice from Pakistan.
Iran tenders to buy 20,000 tonnes rice from Pakistan.
FCI rice stock hits 5-year high at 25 million tonnes.
FCI rice stock hits 5-year high at 25 million tonnes.
Egypt wheat reserves sufficient for 4.4months not including local harvest.
Egypt wheat reserves sufficient for 4.4months not including local harvest.
Japan offers to buy 95,740 tonnes food wheat via tender.
Japan offers to buy 95,740 tonnes food wheat via tender.
Wheat yield boosts government purchase in India.
Wheat yield boosts government purchase in India.
India wheat futures weaken by 0.22% on ample stocks.
India wheat futures weaken by 0.22% on ample stocks.
India rice basmati weakens on muted demand.
India rice basmati weakens on muted demand.
Mustard up in Jaipur on rising demand from millers
Prices of mustard rose in Jaipur due to rising demand from domestic oil millers and crushers. Mustard crushing across the country was estimated at 800,000 tn in March, more than double of 375,000 tn in the previous month. A fall in arrivals also supported prices of mustard seed.
China may buy more Indonesian palm oil
China is open to increasing its import quota of Indonesian palm oil by at least 500,000 tons.
Indore soybean prices up on lower supply, CBOT cues
Prices of soybean in Indore rose because of lower supplies and tracking gains in the oilseed contracts on CBOT. The most active May soybean futures were up 1.3%. However, the arrivals are lower on an average weekly basis.