Japan Ministry of Agriculture bought a total of 162,286 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender.
U.S. Wheat rises to six-week high on concerns of dry weather on U.S. crop.
Wheat climbed to its highest since early May with the market on track for a second week of gains as dry weather in parts of North America threatens to reduce yields. Wheat earlier rose to as much as $4.58-1/4 a bushel, the highest since May 2. Wheat is rallying on concerns that recent dry weather will curb the output of the U.S. spring crop. North American spring wheat crops remain too dry and weather forecasters do not expect that to change.
Australia wheat prices at 1-year high on dry weather.
Prices of the new crop wheat for January delivery in Australia touched a one-year high of A$265 a tonne (13,000 rupees) due to concerns over dry weather in the western part of the country. In western Australia, where the new crop has been planted, soil moisture is currently at record low and the weather bureau has forecast high temperature and little or no rainfall next week. The country is already grappling with low output concerns and wheat production in 2017-18 is seen 31% lower on year at 24.2 million tonne.
India Wheat prices, however, were unchanged in major markets.
In Delhi, mill quality wheat was sold at 1,740-1,750 rupees per 100 kg and in Kota, it was quoted at 1,500-1,530 rupees per 100 kg. Markets in Indore were shut, but are likely to re-open on Friday. The July wheat contract on the NCDEX ended at 1,617 rupees per 100 kg, down 0.06% from previous close.
Groundnut seed up in Gondal on bargain buying.
Groundnut seed up in Gondal on bargain buying.
ICE Canada canola futures slip on dollar strength, wet weather.
ICE Canada canola futures slip on dollar strength, wet weather.
CBOT July Soybean closed at $9.31 3/4, down 3/4 cent.
CBOT July Soybean closed at $9.31 3/4, down 3/4 cent.
NCDEX mustard seed up on firm demand, low supply.
NCDEX mustard seed up on firm demand, low supply.
Jaipur mustard seed down on high supply, low demand.
Jaipur mustard seed down on high supply, low demand.
NCDEX soybean up on low supplies in spot markets.
NCDEX soybean up on low supplies in spot markets.
Akola, Gulbarga tur unchanged as supply down, demand low.
Akola, Gulbarga tur unchanged as supply down, demand low.
Lentils area in Australia would increase by 26 % to 0.385 mln ha, rough weather would affect production.
Lentils area in Australia would increase by 26 % to 0.385 mln ha, rough weather would affect production.
Australia field peas area and production may decline by 4.85 and 24% respectively in 2017-18.
Australia field peas area and production may decline by 4.85 and 24% respectively in 2017-18.
Chickpeas area may increase around 3% to 1.1 mln ha in Australia in 2017-18.
Chickpeas area may increase around 3% to 1.1 mln ha in Australia in 2017-18.
Chana prices up in Delhi on higher local demand.
Chana prices up in Delhi on higher local demand.
ABARES pegs Australia 2017-18 chana crop down 24% on lower yield.
ABARES pegs Australia 2017-18 chana crop down 24% on lower yield.
ICE July Sugar contract down 0.9% at 13.53 cents per pound.
ICE July Sugar contract down 0.9% at 13.53 cents per pound.
Centre South Brazil May 16-31 sugar output 1.75 mln tn, up 4% on year.
Centre South Brazil May 16-31 sugar output 1.75 mln tn, up 4% on year.
ISMA says 0.477 MMT of imported raw sugar to arrive by June 30.
ISMA says 0.477 MMT of imported raw sugar to arrive by June 30.
Sugar prices up in north India, NCDEX, down in Maharashtra.
Sugar prices up in north India, NCDEX, down in Maharashtra.