Rabobank cuts Argentina soy, corn production forecast
Ram Gopal Yadav (8 years ago)

Dutch bank Rabobank cut its forecast for Argentine corn production by 2 million mt to 39 million mt on Tuesday, with its soybean forecast also falling to 51.5 million mt, making the bank’s analysts some of the most pessimistic in the market. Persistent dry conditions during pollination across Argentina have impacted the early planted corn crop, which has led to the write down in production. The bank’s production estimate is now 3 million mt lower than USDA forecasts and lower than almost all other analysts.

Oilseed stocks in Kazakhstan reached 1.5 MMT by early 2018
Ram Gopal Yadav (8 years ago)

The Statistics Committee of the National Economy Ministry of the Republic of Kazakhstan reports that oilseed stocks totaled 1,495.9 KMT as of January 1, 2018, or 30% more (+346 KMT) than as of January 1, 2017 (1,149.9 KMT). A rise was registered in stocks of all main oilseeds. So, sunseed availabilities gained a quarter against the previous year (up 123.5 KMT) and came to 609.2 KMT, linseed stocks increased by 28% to 473.7 KMT (up 103.6 KMT), soybean stocks were up 37% year-on-year (+36 KMT) at 134.3 KMT and rapeseed inventories rose by 56.3% (+71.4 KMT) to 198.2 KMT.

Lack of sun in southern Brazil soy states hurts yields
Ram Gopal Yadav (8 years ago)

Wet, cloudy weather is dragging down soybean yields in Brazil’s second largest soybean producing state of Parana, local farmers. Brazil is coming off a record 2016/17 soybean harvest of 114 million mt that was aided by near perfect weather nationally. However, after irregular rains delayed the start of planting of the current crop in late 2017, most forecasts projected a drop in yields for the 2017/18 harvest. In Parana, which last year produced 18 million mt of beans, or 16% of the total crop, overcast skies and heavy rain have set in since the New Year.

NCDEX coriander down 1% on profit booking, spot unchanged
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander fell over 1% on NCDEX as investors booked profits. The most-active April contract of coriander on NCDEX was at 5,875 rupees per 100 kg, down 1.2% from the previous close. Prices of coriander are likely to remain steady for the next two weeks as traders are reluctant to purchase the new crop that has high moisture.