Wheat prices rise in Delhi due to higher demand.
Brazil, Argentina may fill the US soybean export gap.
Argentina and Brazil may fill China’s soybean needs if China imposes a 25% tariff on U.S. soybean exports. The impact depends on what happens during negotiations. It is so hard to say, This is what is going to happen. There are so many other moving parts. This is a disagreement between the U.S. and China, but it has amifications for Argentina and Brazil.
Forecast of normal monsoon weighs on wheat, maize.
Forecast of normal monsoon weighs on wheat, maize.
NCDEX marks 6,510 tn soybean for staggered delivery in Apr
The National Commodity and Derivatives Exchange on Tuesday marked 6,510 tn soybean, 2,230 tn mustard, and 2,050 tn of cottonseed oilcake for staggered delivery in the April contract. The exchange also marked 1,950 tn wheat, 1,330 tn castor, 830 tn guar seed, 440 tn coriander, 380 tn chana, 375 tn jeera, 370 tn barley, 315 tn guar gum, and 55 tn turmeric for staggered delivery in the same contract. The April series of these commodities will expire on Apr 20.
Brazil corn farmers to get relief from late April rain.
Brazil corn farmers to get relief from late April rain.
Jaipur barley up on low supply despite peak season
Prices of barley rose in Jaipur, the benchmark market, due to a fall in arrivals despite its peak season. Supplies have declined because farmers are holding back their produce on expectation of a further rise in prices. However, weak demand from malt industries capped gains.
US corn plantings miss expectations after eking out small rise.
US corn plantings miss expectations after eking out small rise.
NCDEX coriander hits 2-wk low on weak bulk demand
Futures contracts of coriander on the NCDEX declined, tracking prices in spot markets that fell due to lower demand from stockists. The front month April contract on the NCDEX shed 0.9% to close at a two-week low. Prices of coriander also fell in key market Gondal. Demand for coriander from spice makers and stockists fell as they have covered their near-term requirement.
US corn inspected for export fell 22.4% on week, rose 12.4% on year.
US corn inspected for export fell 22.4% on week, rose 12.4% on year.
Indonesia buys rice from Pakistan.
Indonesia buys rice from Pakistan.
South Africa’s wheat import tariff revised downward by 45%.
South Africa’s wheat import tariff revised downward by 45%.
Indonesian mill buys Canadian spring wheat for July shipment.
Indonesian mill buys Canadian spring wheat for July shipment.
Sugar prices fall in Maharashtra on high stocks, weak demand.
Sugar prices fall in Maharashtra on high stocks, weak demand.
Govt not keen on sugar export subsidy; seeks ways to boost prices.
Govt not keen on sugar export subsidy; seeks ways to boost prices.
Sugar cooperatives seek at least 1,000 rupees/100 kg export subsidy.
Sugar cooperatives seek at least 1,000 rupees/100 kg export subsidy.
Wheat purchase by FCI set to stay below 20% in Punjab.
Wheat purchase by FCI set to stay below 20% in Punjab.
Govt procures 6.7 MMT wheat so far this season, down 25% on year.
Govt procures 6.7 MMT wheat so far this season, down 25% on year.
Russian wheat exports remain on target despite small setback.
Russian wheat exports remain on target despite small setback.
India’s non-basmati exports rise 34% on Africa’s import demand.
India’s non-basmati exports rise 34% on Africa’s import demand.
Tur up in Kalaburagi on improved demand; Akola flat
Prices of tur were a tad up in Kalaburagi, a key market, due to improved demand from millers. In Akola, the benchmark market, prices were steadyand arrivals were unchanged.