USDA lowers U.S. corn stocks view as exports rise.
Poor maize crop expected due to erratic rainfall and fall armyworm.
Poor maize crop expected due to erratic rainfall and fall armyworm.
Odisha millers ask for paddy transportation rate hike.
Odisha millers ask for paddy transportation rate hike.
Odisha doubts Centre’s paddy FAQ relaxation norms.
Odisha doubts Centre’s paddy FAQ relaxation norms.
Philippine’s total rice inventory down by 17.2% in Jan
Philippine’s total rice inventory down by 17.2% in Jan
Odisha CM lauds decision to hike paddy MSP in Union budget.
Odisha CM lauds decision to hike paddy MSP in Union budget.
CBOT soybean up on weather concerns in Argentina
Futures contracts of soybean on NCDEX rose around 2% due to concerns over fall in Argentina’s output due to persistent dry weather in the country. The most active March contract on the CBOT was at $10.0125 a bushel, up 1.9% from the previous close. US Department of Agriculture, in its February report, lowered its production estimate of soybean in Argentina to 54 mln tn, down 2 mln tn from its previous forecast. Weakness in dollar index is also seen supporting prices of soybean in the global market.
Coriander down in Kota on low demand for new crop
Prices of coriander fell in Kota, the benchmark market, because of higher arrivals and weak demand for the new crop as it contains high moisture. Moisture content currently in the new crop is quite high than the desired level of 78%.
Mustard seed prices up in Jaipur on miller’s demand
Prices of mustard seed were up in Jaipur, Rajasthan due to rising demand from domestic oil millers and crushers amid a fall in the acreage of the oilseed. A fall in arrivals also supported prices
India edible oil Up; soybean rises 2%.
Futures contracts of all components of edible oil basket rose on domestic exchanges. The most-active March contract of soybean closed nearly 2% higher on the National Commodity and Derivatives Exchange due to a pickup in demand from crushing plants. Refined soyoil on the NCDEX and crude palm oil on the Multi Commodity Exchange rose due to robust demand in the wholesale markets. Gains in key crude palm oil contracts on the Malaysian bourse also supported prices on the Indian exchange
BAGE cuts soybean production estimate to 50 million mt
A dearth of rain in the Las Pampas and northern areas of the country has prompted the Buenos Aires Grain exchange to cut its forecast of soybean production 1 million mt to 50 million mt. It is the second successive week that BAGE has cut its estimate of soybean production. Last week it cut its estimate to 51.5 million from 54 million mt.
India wheat imports seen surging 40% on winter crop stress.
India wheat imports seen surging 40% on winter crop stress.
Farm ministry proposes raising import duty on wheat to 40-50%.
Farm ministry proposes raising import duty on wheat to 40-50%.
NCDEX wheat up rises on hopes of import duty hike.
NCDEX wheat up rises on hopes of import duty hike.
Latest GASC rule change draws cautious optimism from wheat trade.
Latest GASC rule change draws cautious optimism from wheat trade.
US wheat stocks higher, Indonesia world’s biggest buyer.
US wheat stocks higher, Indonesia world’s biggest buyer.
Kenya’s cross-border maize imports peak as prices surge.
Kenya’s cross-border maize imports peak as prices surge.
Brazilian sales push EU corn imports 54% higher YOY.
Brazilian sales push EU corn imports 54% higher YOY.
China corn import estimates raised 20% on sorghum investigation.
China corn import estimates raised 20% on sorghum investigation.
Brazil’s expected rise in ethanol demand to be met by corn-based fuel.
Brazil’s expected rise in ethanol demand to be met by corn-based fuel.