Wheat prices steady in Kota despite higher arrivals.
Ram Gopal Yadav (7 years ago)

Prices of wheat in the key wholesale market of Kota were unchanged despite a rise in arrivals, owing to the ongoing procurement by the government. So far, the government has purchased 952,296 tn of wheat in Rajasthan, up from 708,610 tn in the year-ago period.

Corn futures closed session with most contracts 4 to 5 cents higher
Ram Gopal Yadav (7 years ago)

Corn futures closed session with most contracts 4 to 5 cents higher. The monthly Grain Crush report from the USDA showed that 472.912 mbu of corn was used for ethanol production in March. That is 9.1% larger than March and 2.72% above last year. NASS reported that IA and NE planting progress improved to 17% complete, lagging their respective averages of 27% and 24%. In other parts of the Corn Belt, IL was at 32%, with IN at 8% and OH at 1% planted, all well below the average pace. NASS also showed just 3% of the crop emerged, with none of the major Corn Belt states showing progress.

Maize prices dn in Purnea, near-term outlook bearish
Ram Gopal Yadav (7 years ago)

Prices of maize fell in Purnea, Bihar, because arrivals rose. Prices of feed-quality maize remained unchanged at 1,100-1,110 rupees. Arrivals of the coarse grain rose. Arrivals are seen rising in the coming days as harvest is in full swing.

NCDEX coriander at 6-mo low on high imports.
Ram Gopal Yadav (7 years ago)

Futures contracts of coriander extended Friday’s loss and hit a six-month low of 4,686 rupees a 100 kg on NCDEX today on reports of continuous imports from Ukraine and other countries. On NCDEX, the most-active May contract was at 4,711 rupees per 100 kg, down 1.8% from previous close. Record-high carryover stocks in India also added to the losses. The prices fell despite lower supplies.

Lag in US spring sowings grows by more than 1.6m acres in a week.
Ram Gopal Yadav (7 years ago)

US farmers, tackling a late start to spring, have fallen even further behind on sowings, with the lag expanding by a further 1.6m acres last week, although an improved weather outlook is raising hopes for playing catch-up. Farmers seeded a little over 27m acres of the 219m acres they intended to plant with 10 major spring crops, such as corn, cotton, soybeans and spring wheat. However, a small lag, equivalent to 270,000 acres, opened up in cotton too, while the delay in oat plantings expanded, in percentage terms, to 25 points, equivalent to nearly 700,000 acres in area.

Drought reducing soybean output in Uruguay
Ram Gopal Yadav (7 years ago)

Due to the recent devastating drought, soybean production in Uruguay is forecast to drop to 1.7 million tonnes in 2017-18. This is a drop of 43% compared to the USDA’s original estimate of 3 million tonnes. Soybean crush for 2017-18 is revised down to 60,000 tonnes — a 20% decline from the previous crop year due to lower soybean supplies. The USDA forecasts a recovery for both soybean production and crush in 2018-19. It predicts output of 3 million tonnes and crush at 80,000 tonnes, which is a return to pre-drought historical levels.

Russia sunseed inventories in Russia fell to 0.9 MMT
Ram Gopal Yadav (7 years ago)

Russian growers held 1629.1 KMT of oilseeds as of April 1, 2018 that is 64 KMT (3.8%) less than at the same time last year (1693.1 KMT). Oilseed inventories reduced by 491.3 KMT in March. Farmer sunseed stocks totaled 871 KMT – down 186.7 KMT (17.6%) from the same time last year (1057.7 KMT). Sunseed inventories reduced by 344 KMT in March.

Mustard seed at 2-wk low in Jaipur on high arrivals
Ram Gopal Yadav (7 years ago)

Prices of mustard seed hit a two-week low in Jaipur, Rajasthan, due to a rise in arrivals amid lacklustre demand from domestic oil millers and stockists. Prices of mustard seed hit a two-week low in Jaipur, Rajasthan, due to a rise in arrivals amid lacklustre demand from domestic oil millers and stockists.