All-India cotton arrivals up 4,000 bales on Dec 19.
Malaysia CPO ends lower on firm ringgit vs dollar
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended lower due to a strong ringgit against the dollar. The most-active March contract of crude palm oil on the Malaysian bourse closed at 2,518 ringgits (39,541.18 rupees) per metric tonne, down 0.4% from the previous close.
USDA arm pegs 2017-18 world coffee ending stocks at 5-year low .
USDA arm pegs 2017-18 world coffee ending stocks at 5-year low .
Cbot Soybean prices near lowest since early Oct, S. American weather weighs
Soybeans pressured by rains in Argentina, record Brazilian crop. Chicago soybean futures edged lower, with the market trading near its lowest in almost 11 weeks as forecasts of rain in Argentina’s drought-hit oilseed growing areas weighed on prices. Rains that fell on Argentina’s main farm belt over the weekend brought relief to parched soybean. The Chicago Board of Trade most-active soybean contract slid 0.1 percent to $9.61 a bushel.
Russia threatening Brazil with a ban on soybean imports
Quarantine pests have been revealed 20 times over the last one and a half months and 127 times since the beginning of 2017 against 91 times in 2016. So, the situation is much worse this year. If Brazil takes no measures, Ros Selkhoz Nadzor impose a provisional ban on Brazilian soybean imports.
Soybean planting reaches 63.5% of surface in Argentina
The soybean planting in the country is still delayed and reached 63.5% of the estimated surface of 44.7 million acres. The half of the remaining area is expected to be planted in the coming two weeks if the weather helps. In the case of corn, the works have advanced to 45.3% of the total surface of 13.3 million acres. The weather has been a worry for crops in the Northern provinces of Chaco and Salta.
Officials forecast increase in Bulgarian rapeseed production
The Bulgarian Ministry of Agriculture has increased the country’s 2017-18 rapeseed production forecast by nearly 6% from an estimate earlier this year, to 460,000 tonnes, due to higher yields. Average rapeseed yield in Bulgaria has risen to 2.84 tonnes per acre from the previous estimate, but that is still 3.7% lower than the average yield in 2016-17, when total rapeseed production was 509,000 tonnes.
Brazil soybean crop revised down to 114.57 mln tonnes
Brazilian farmers are expected to produce 114.57 million tonnes of soybeans in the 2017/18 crop cycle. The figure represents a slight downward adjustment from an October estimate of 114.7 million tonnes, although it would still be an all-time record for Brazil. The estimate was revised after small adjustments in soy’s estimated planted area this season, but it does not change the overall trend as farmers increasingly switched from corn to soy in this crop cycle. Safras forecasts a 5 percent rise in Brazil’s soy planted area to 35.49 million hectares (87.7 million acres) this crop.
NCDEX coriander contracts up 1% as acreage falls
Futures contracts of coriander on NCDEX rose 1% because the area under the spice in the current season declined, as farmers have shifted to other lucrative crops. The most active January contract of coriander on NCDEX was up 1% from the previous close. In Gujarat, the second-largest producer of coriander, the commodity was sown across 67,500 ha, 43% lower on year.
India wheat up in futures, spot on talks of import duty hike.
India wheat up in futures, spot on talks of import duty hike.
EU wheat plantings set to increase in next decade.
EU wheat plantings set to increase in next decade.
CBOT corn prices decreased last week pressured by higher world production and ending stocks.
CBOT corn prices decreased last week pressured by higher world production and ending stocks.
Corn harvesting in Bulgaria is 95.5% complete
Corn harvesting in Bulgaria is 95.5% complete
Replacing Philippine rice import quota with 35% tariff to slash prices by P7 per kilo.
Replacing Philippine rice import quota with 35% tariff to slash prices by P7 per kilo.
Nigeria slashes rice importation burden by 65%.
Nigeria slashes rice importation burden by 65%.
Soy may gain 15% more in Jan as export sop, duty hike to clip supply
The bullishness in soybean is set to sustain and prices may rise by another 15% by end January due to shrinking supplies as the government topped up the import duty hike in crude and refined soy oil with export sops for soymeal. Currently, soybean prices are hovering at 3,000-3,050 rupees per 100 kg. The hike in import duty–to 30% from 17.5% for crude soyoil and to 35% from 20% for refined soyoil–led to a correction in soybean prices to an extent by restricting supplies. The export incentive on soymeal gave a further fillip.
All-India cotton arrivals up by 69,000 bales on 18 Dec.
All-India cotton arrivals up by 69,000 bales on 18 Dec.
MCX CPO down tracking prices on Bursa Malaysia
Futures contracts of crude palm oil on the MCX fell, tracking losses in benchmark contracts on the Bursa Malaysia Derivatives. The most-active January contract on the domestic bourse was at 565.5 rupees per 10 kg, down 0.2% from the previous close. Prices on the Malaysian bourse fell due to an-month decline in the southeast Asian country’s palm oil exports during Dec 1-15.
India coffee exports during Jan 1 – Dec 15.
India coffee exports during Jan 1 – Dec 15.
NCDEX withdraws notice for 1% discount to decide mustard poll price
The National Commodity and Derivatives Exchange has withdrawn the circular that said spot polling price of mustard shall be arrived at, after considering a discount of 1%. The discounted polled spot prices were supposed to be applicable from Feb 5 for contracts expiring in April and thereafter.