China needs to import 1 Billion bushels of corn to meet 2020 ethanol mandate.
Poultry industries closing down over shortage of maize supply in Nigeria.
Poultry industries closing down over shortage of maize supply in Nigeria.
India wheat futures extend losses, down 0.65% on higher supply.
India wheat futures extend losses, down 0.65% on higher supply.
India coffee exports during Jan 1- Dec 4.
India coffee exports during Jan 1- Dec 4.
Delay in sowing may affect India wheat yield.
Delay in sowing may affect India wheat yield.
Japan offers to buy 154,694 MT of food wheat via tender.
Japan offers to buy 154,694 MT of food wheat via tender.
Russia muscles in on Australia’s traditional wheat export markets.
Russia muscles in on Australia’s traditional wheat export markets.
ABARES pegs Australia 2017-18 wheat crop at 20.3 MMT, down 42% YoY.
ABARES pegs Australia 2017-18 wheat crop at 20.3 MMT, down 42% YoY.
La Nina threatens further setbacks for Australia’s weather-beset wheat crop.
La Nina threatens further setbacks for Australia’s weather-beset wheat crop.
KFC India to switch to rice bran oil.
KFC India to switch to rice bran oil.
Indore soybean down tracking palm oil, CBOT soybean
Soybean prices in Indore were down due to weakness in the soybean contracts on the CBOT and global palm oil prices. Palm oil prices globally were down because of expectations of a higher output in Malaysia in November. The most active January futures contract of soybean on the NCDEX ended down 0.4% from the previous close.
Italy spearheads initiative to limit rice imports to the EU
Italy spearheads initiative to limit rice imports to the EU
India November mustard seed crushing up around 6% on month at 475,000 tonne
Mustard oil mills across the country crushed 475,000 metric tonne of the oilseed in November, up nearly 6% on month. Crushing rose in November due to higher arrivals in wholesale markets. Farmers liquidated stocks to raise money for rabi sowing. Since the beginning of the crushing season in February, oil mills have crushed about 5.3 million metric tonne of mustard seed compared with the total supply of 5.4 million metric tonne.
Pakistan rice export rises 16.9% in 4 months.
Pakistan rice export rises 16.9% in 4 months.
Soybeans up for third session on Argentina dryness
Chicago soybean futures rose for a third straight session with dry weather in Argentina and strong U.S. demand buoying the market. Rainfall over the weekend was limited in Argentina, the top global soymeal and soyoil exporter, and showers were expected to be limited this week.
Armyworms destroy half of Malawi’s maize crop.
Armyworms destroy half of Malawi’s maize crop.
MY 2017/18 India Soybean Production Unchanged at 10 MMT
USDA pegs India year to Sept soybean crop at 10 million metric tonne, down 5% YoY. India soybean over 10.6 million ha for 2017-18, lower than 11.4 million ha last year. Average market prices soybeans last 12 months have softened 16 % to INR 27,000/metric tonne.
Untimely rainfall and hailstorm damages maize and others rabi crops in Maharashtra.
Untimely rainfall and hailstorm damages maize and others rabi crops in Maharashtra.
MCX CPO hits 2-week low tracking Bursa Malaysia
Contracts of crude palm oil hit a two-week low on MCX tracking losses on the benchmark Bursa Malaysia Derivatives. The most active December contract of crude palm oil on MCX was down 0.7% from previous close.
Brazil’s farmers invest in Soybeans, not corn crops.
Brazil’s farmers invest in Soybeans, not corn crops.