India wheat output seen rising to curb imports.
EU wheat hits new contract lows following Chicago drop.
EU wheat hits new contract lows following Chicago drop.
NCDEX mustard down 1% on profit booking; up in spot
Futures contracts of mustard seed on the NCDEX were down nearly one percent as investors booked profits after hitting a 10-month high. The most active December contract on the NCDEX was down 0.9% from previous close.
India wheat recovers on increased offtake by flour mills.
India wheat recovers on increased offtake by flour mills.
Fall in arrival lifts mustard seed prices in Jaipur.
Prices of mustard seed rose in Jaipur, Rajasthan, due to a fall in arrivals along with improved demand for mustard meal from overseas buyers. Improved demand for mustard oil due to winter season has further supported seed prices. Supplies have declined because farmers are holding their produce in anticipation of a further rise in prices.
India Mustard at 10 month high; soyoil down on global cues.
Mustard contracts rose over 3% on the National Commodity and Derivatives Exchange, tracking gains in the spot market of Jaipur, where prices were up due to a fall in arrivals. The December mustard contract hit a 10-month high of ended 2.7% higher at 4,147 rupees on reports the government may increase the incentive on exports of oilmeals to 10% from 5% to support domestic prices. Prices of palm oil ended almost 2% lower on the Malaysian bourse due to a strong ringgit against the dollar.
Malaysia CPO down 1% on weak Nov 1-25 export data.
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives fell 1% because of weak export data. The most-active February contract of crude palm oil was at 2,600 ringgits (40,854 rupees) per tonne on the Malaysian bourse, down 30 ringgits from the previous close. Cargo surveyor Intertek Agri Services estimated Malaysia’s palm oil exports during Nov 1-25 at 1.08 million tonne, down 8.4% from a month ago.
China absorbed 25% of total oilseed exports from Kazakhstan.
September’s oilseed exports from the country totaled a record 45.7 KMT, or 1.8 times more than a year ago. This month, the top importer was China, which received 11.6 KMT, or 25% of total oilseed exports from Kazakhstan.
The total American soybean harvest is 96 percent complete.
American producers in six of the top 18 soybean-producing states have completed their 2017 soybean harvest. In total, the American soybean harvest is 96 percent complete. That number is up from 93 percent last week.
India Spices: Coriander, turmeric hit upper circuit; cardamom falls.
Futures contracts of all spices, barring cardamom, ended higher on domestic exchanges. Futures contracts of coriander and turmeric hit their 3% and 4% upper circuits, respectively, due to lower supplies in spot markets. Arrivals of coriander in Rajasthan were pegged at 5,000 bags (1 bag = 40 kg), down 1,400 bags, while those of turmeric in Erode, Tamil Nadu, were down by 2,500 bags (1 bag = 70 kg) at 3,000 bags. The rise in coriander prices was also because of a likely fall in acreage in 2017-18 (Oct-Sep).
Wheat prices fall in Delhi on weak demand, high stocks.
Wheat prices fall in Delhi on weak demand, high stocks.
Russian wheat export prices down on competition with US, EU wheat.
Russian wheat export prices down on competition with US, EU wheat.
Punjab state agencies buy 26,174 LT paddy this season so far.
Punjab state agencies buy 26,174 LT paddy this season so far.
NCDEX maize at 2-week low as acreage up, demand weak.
NCDEX maize at 2-week low as acreage up, demand weak.
Philippines may export more corn.
Philippines may export more corn.
Bajra acreage up 28% on year at 9,700 ha as of Nov 24.
Bajra acreage up 28% on year at 9,700 ha as of Nov 24.
NCDEX cotton cake ends down as supply concerns ease.
NCDEX cotton cake ends down as supply concerns ease.
Maharashtra pest attack may trim India Oct-Sep cotton crop 7-8%.
Maharashtra pest attack may trim India Oct-Sep cotton crop 7-8%.
All-India cotton supply hit due to strike in Gujarat.
All-India cotton supply hit due to strike in Gujarat.
Mustard seed up in Jaipur on higher demand for oil
Prices of mustard seed were up in the benchmark market of Jaipur, Rajasthan, as higher demand for mustard oil due to the winter supported seed prices. A fall in arrivals amid improved demand from domestic oil millers and crushers also supported prices.