EU wheat exports down 19% YOY.
ICE revises cotton price limit to 4 cents/pound.
ICE revises cotton price limit to 4 cents/pound.
India coffee exports during Jan 1 – Feb 21.
India coffee exports during Jan 1 – Feb 21.
Soybean down in Indore on lower demand from crushers
Rise in supply weighs on Jaipur mustard seed prices. Prices of mustard seed down in Jaipur, Rajasthan, due to a rise in arrivals amid subdued demand from domestic oil millers and crushers. Arrivals in Rajasthan were estimated at 60,000 bags (1 bag = 85 kg), up 10,000 bags. A decline in the acreage of the oilseed, however, cushioned the fall in prices.
Argentina local soybean prices finally jump.
The prices of soybeans have improved domestically in Argentina. The spot deals quoted at US$ 303.9 per metric ton, marks a bullish trend from the last few days amid the drought in the country. Argentina soybean forecast to 47 million MT, BAGE (Buenos Aires Grain Exchange). The Rosario Grain Exchange expects the 17/18 Argentine crop at 46.5 MMT.
Ukraine December rapeseed crushing dropped to at a four-year low.
In December 2017, monthly rape oil production by Ukraine’s large and medium-sized crushers dropped to a four-year low of 0.108 KMT. Nonetheless, the overall H1 2017/18 result is up 28.7% year-on-year. So, rape oil production amounted to 79.3 KMT in July-December 2017/18 against 61.6 KMT a year ago. The reason was active processing of rapeseed in the first months of the season. Expects this trend to persist until the end of MY 2017/18 and bring up the season’s total output to at least 80 KMT (66.7 KMT of rape oil was produced in MY 2016/17).
Ukraine imported more than 100 KMT of palm oil.
Ukraine imported 11.3 KMT of palm oil in January 2018, i.e. 9.6% less than in the previous month (12.5 KMT) and 2.6% less than in January 2017. Palm oil imports to Ukraine hit a seven-year high of 101.7 KMT in September-January 2017/18. This is up almost 18% from the same time last season (86.2 KMT).
Buenos Aires Grain Exchange slash Argentina corn esti. to 37 MMT.
Buenos Aires Grain Exchange slash Argentina corn esti. to 37 MMT.
Bihar maize unchanged as fresh arrivals over a month away.
Bihar maize unchanged as fresh arrivals over a month away.
South Korea buyers seek 128,000 MT corn despite price fears.
South Korea buyers seek 128,000 MT corn despite price fears.
Rosario slashes Argentina corn crop estimate more than 10%.
Rosario slashes Argentina corn crop estimate more than 10%.
Australia’s high-protein wheat production rises on dry weather.
Australia’s high-protein wheat production rises on dry weather.
EU wheat supported by Chicago bounce, slow farmer selling.
EU wheat supported by Chicago bounce, slow farmer selling.
Mustard up in Jaipur on higher demand from crushers
Prices of mustard seed rose in Jaipur, Rajasthan, as demand from crushers was strong. Traders are concerned over a forecast of rain and hailstorm in key growing areas of Rajasthan. Traders are concerned over a forecast of rain and hailstorm in key growing areas of Rajasthan. This is supporting an upside in mustard seed prices.
Odisha coop societies fail to meet paddy procurement target.
Odisha coop societies fail to meet paddy procurement target.
CBOT soybean down on profit booking ahead of USDA meet
Soybean contracts on the CBOT were down because of profit booking by the investors ahead of the annual USDA conference. The most active May futures on the CBOT was down 0.3% at $10.4225 a bushel. The annual USDA conference will release acreage estimates for upcoming US crop planting at its two-day meeting. Profit booking was also seen in the contract after it hit an 11-month high of $10.50 per bushel due to concern over hot and dry weather in Argentina which may hit the output there.
Philippine’s NFA warns government rice stock gone by April.
Philippine’s NFA warns government rice stock gone by April.
Argentina Jan crush falls 8% year-on-year 2.8 million mt
The Argentinian soybean crush for January was reported at 2.8 million mt, up 25% from December, but down 8% year-on-year. The figures come at a time when private analysts are estimating a steep fall in Argentina’s crop production, with many now predicting the nation will produce 50 million mt or less, down at least 15% on the previous year. However, the 2018 January crush was up 10% from the five-year average and the third highest recorded for Argentina in 10 years.
Nigerian Govt urged to encourage local rice producers.
Nigerian Govt urged to encourage local rice producers.
Malaysia CPO ends flat as ringgit weak, CBOT soy dn
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives settled largely flat today, as gains due to a weak ringgit against the dollar were offset by weakness in soyoil contracts on CBOT. The most-active May contract of crude palm oil on the Malaysian bourse settled at 2,490 ringgits (41,252.97 rupees) per tn, up 1 ringgit from the previous close. A weak Malaysian currency makes the commodity cheaper for buyers holding other currencies.