Corn futures closed session with most contracts 4 to 5 cents higher
Ram Gopal Yadav (8 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.

Wheat prices steady in Kota despite higher arrivals.
Ram Gopal Yadav (8 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.

FCI Wheat purchases top 27 mt as arrivals pick up.
Ram Gopal Yadav (8 years ago)

As market arrivals increase, Government agencies such as the Food Corporation of India (FCI) have stepped up the procurement of wheat. Total purchases of the cereal, so far in the 2018-19 marketing season, have exceeded 27 million tonnes (mt), about 12.5 per cent higher than in the corresponding period last year. The Centre is targeting a procurement of 32 mt in the current year, higher than last year’s 30.82 mt.

Punjab, Haryana wheat procurement nearly 195 lakh tonnes.
Ram Gopal Yadav (8 years ago)

WheatProcurementof nearly 195 lakh tonnes has been made in FoodGrain StatesPunjaband Haryanathis season. In Punjab, the WheatProcurementwas nearly 116 lakh tonnes till April 30 (Monday) as compared to 110.24 tonnes procured in the same period last year. Over 115.23 lakh tonnes (99.6 percent) has been procured by government agencies. In Haryana, over 79 lakh tonnes of Wheathas been procured so far this season.

Mustard oil softens on subdued local demand
Ram Gopal Yadav (8 years ago)

In restricted activities, mustard oil prices drifted lower by Rs 50 per quintal owing to sluggish local demand. However, other edible and non-edible oils moved in a narrow range in scattered deals and settled around overnight levels. Sluggish local demand against ample stocks position, mainly weighed on mustard oil prices.

Soybean futures saw weakness into the close, with the nearby contracts 7 to 7 3/4 cents lower.
Ram Gopal Yadav (8 years ago)

Soybean futures saw weakness into the close, with the nearby contracts 7 to 7 3/4 cents lower. Soy meal was down $1.10/ton, with front month soy oil 8 points in the red. The USDA reported a private export sale of 120,000 MT of soybeans for 18/19 to Argentina. Soybean export inspections during the week of 4/26 totaled 679,379 MT. That was 43.83% larger than the week prior and 22.53% above the same week last year. This afternoon’s Crop Progress report indicated that the US soybean crop was 5% planted on Sunday. That is even with the average but 4% lower than this time last year.