U.S. whole wheat flour production dips in quarter.
USDA arm sees Russia 2018-19 wheat crop down 13%.
USDA arm sees Russia 2018-19 wheat crop down 13%.
Wheat procurement in Haryana at 81.49 lakh MT, crosses last year’s level.
Wheat procurement in Haryana at 81.49 lakh MT, crosses last year’s level.
RBI extends cash credit limit for wheat procurement in Punjab.
RBI extends cash credit limit for wheat procurement in Punjab.
Unseasonal rains in North India may slow down wheat procurement.
Unseasonal rains in North India may slow down wheat procurement.
European feeds-Soymeal eases after rally, tracks futures
Soymeal prices on Europe’s animal feed market edged lower, tracking soymeal futures in a further consolidation after a rally to multi-months highs earlier in the week. Brokers expected the market, mainly driven by weather elements, including dry weather in Argentina and in the US Midwest, to remain volatile in the coming weeks. Argentine high-protein soymeal for May delivery was offered at $493 a tonne cif Rotterdam, down $4, while Brazilian high-protein soymeal for May was offered at $504 a tonne cif Rotterdam, down $6.
China is apparently no longer buying U.S Soybeans amid the rise in trade tensions.
China buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S. China canceled a net 62,690 metric tons of U.S. soybean purchases in the two weeks ended April 19.
India Mar mustard crushing seen doubling on month
Rise in new arrivals.Mustard crushing across the country was estimated at 800,000 tn in March, more than double from last month’s 375,000 tn. In March, mills increased crushing operations after new crop arrivals increased. A crucial rabi oilseed crop, mustard is sown during Sep-Oct and is harvested from February. New crop arrivals begin in February, and gain momentum by March. The arrivals remain in full swing till May and start dwindling from June. In March, total arrivals of mustard seed were estimated at 1.1 mln tn. The supply in Rajasthan, the largest grower, were at 550,000 tn, Uttar Pradesh at 190,000 tn, Madhya Pradesh and Chhattisgarh together were at 80,000 tn
Soybean falls on NCDEX tracking CBOT contracts
Futures contracts of soybean fell on the NCDEX, tracking weakness in bellwether contracts on the CBOT. Soybean contracts on CBOT were down this week as fears of a trade war between the US and China resurfaced, stoking concerns of an oversupply. China is the largest buyer of soybean from the US and has started to source some of its requirement from Brazil, the second largest producer of the oilseed after US. Sowing of soybean may be higher this season compared with a year ago owing to lucrative rates. Lower demand for Indian meal from overseas buyers is also seen weighing on soybean prices.
Rice imports to cool Philippine inflation, economic planner says.
Rice imports to cool Philippine inflation, economic planner says.
Rice Exporters Association of Pakistan status for rice sector can lift export by 30%.
Rice Exporters Association of Pakistan status for rice sector can lift export by 30%.
Odisha paddy in 2,017 hectares damaged in binka block.
Odisha paddy in 2,017 hectares damaged in binka block.
India rice basmati falls on muted demand.
India rice basmati falls on muted demand.
Brazil drought hits second-corn, dry spell persists.
Brazil drought hits second-corn, dry spell persists.
India spot demand lifts maize futures.
India spot demand lifts maize futures.
Indonesian Mill Buys 60,000 tobbe Of Black Sea Wheat For August Shipment.
Indonesian Mill Buys 60,000 tobbe Of Black Sea Wheat For August Shipment.
Egypt’s local wheat buying surges in first two weeks of harvest.
Egypt’s local wheat buying surges in first two weeks of harvest.
Rain damages wheat, hits purchase in Moga (punjab).
Rain damages wheat, hits purchase in Moga (punjab).
India coriander down on high imports
The trend for futures contracts of jeera, mentha oil and turmeric in the next five trading sessions is seen bullish, while coriander and cardamom contracts may post losses. On the National Commodity and Derivatives Exchange, prices of coriander may continue to decline as demand is very poor and imports are on a rise. Imports may rise from Ukraine as the country’s production is likely to double to 14,000-16,000 tn this year.
Strength in soy crush margins ‘down to more than Argentine drought
The rebound in soybean crushing margins is down to more than Argentine drought. The drought in Argentina certainly contributed to the increasing soy crush margins.