Chicago soybean futures rose for a third straight session with dry weather in Argentina and strong U.S. demand buoying the market. Rainfall over the weekend was limited in Argentina, the top global soymeal and soyoil exporter, and showers were expected to be limited this week.
India November mustard seed crushing up around 6% on month at 475,000 tonne
Mustard oil mills across the country crushed 475,000 metric tonne of the oilseed in November, up nearly 6% on month. Crushing rose in November due to higher arrivals in wholesale markets. Farmers liquidated stocks to raise money for rabi sowing. Since the beginning of the crushing season in February, oil mills have crushed about 5.3 million metric tonne of mustard seed compared with the total supply of 5.4 million metric tonne.
Indore soybean down tracking palm oil, CBOT soybean
Soybean prices in Indore were down due to weakness in the soybean contracts on the CBOT and global palm oil prices. Palm oil prices globally were down because of expectations of a higher output in Malaysia in November. The most active January futures contract of soybean on the NCDEX ended down 0.4% from the previous close.
Brazil corn production to fall nearly 17% this season.
Brazil corn production to fall nearly 17% this season.
Cheap maize from Uganda likely to hurt Kenya local farmers.
Cheap maize from Uganda likely to hurt Kenya local farmers.
USDA arm estimates 2018 Thailand rice export at 10 MMT.
USDA arm estimates 2018 Thailand rice export at 10 MMT.
In race for Basmati GI tag, Telugu states not in picture.
In race for Basmati GI tag, Telugu states not in picture.
After warning of heavy rain, Odisha govt cautions paddy farmers.
After warning of heavy rain, Odisha govt cautions paddy farmers.
Flood damage weighs on rice output in Thailand.
Flood damage weighs on rice output in Thailand.
Punjab contributes 51% to Centre’s paddy procurement target.
Punjab contributes 51% to Centre’s paddy procurement target.
Paddy farmers across southern Karnataka face huge losses;following Cyclone Ockhi.
Paddy farmers across southern Karnataka face huge losses;following Cyclone Ockhi.
Indian rice offered lowest in Iraq’s 30,000 MT tender.
Indian rice offered lowest in Iraq’s 30,000 MT tender.
India basmati prices rise on higher demand from West Asia.
India basmati prices rise on higher demand from West Asia.
Frost events in Kazakhstan stopped growth of winter wheat.
Frost events in Kazakhstan stopped growth of winter wheat.
Russian wheat export prices stable amid high stocks, flat benchmarks.
Russian wheat export prices stable amid high stocks, flat benchmarks.
EU wheat flat, Saudi purchase provides support.
EU wheat flat, Saudi purchase provides support.
Saudi Arabia buys 495,000 MT of wheat in tender.
Saudi Arabia buys 495,000 MT of wheat in tender.
CBOT wheat up on crop damage concerns in Australia.
CBOT wheat up on crop damage concerns in Australia.
India govt sells 63,700 MT wheat via open market sales on Nov 30.
India govt sells 63,700 MT wheat via open market sales on Nov 30.
NCDEX coriander up 3% on likely fall in acreage
Futures contracts of coriander on NCDEX hit the 3% upper limit on expectations of a decline in acreage in the ongoing rabi season. The most-active January contract of coriander was up 3.1% from previous close. Spot prices in Ramganj, Rajasthan, also rose tracking futures.