Futures contracts of soybean rose towards the minimum support price following reports that the government may double incentive on export of oilmeals. The most active December contract of soybean on the NCDEX ended 0.4% higher. The minimum support price of soybean for 2017-18 is 3,050 rupees per 100 kg, which includes a one-time bonus of 200 rupees.
Brazil’s 2017/18 soybean crop seen at 111 mln tonnes
Brazilian farmers are expected to collect 111 million tonnes of soybeans in the 2017/18 season. Also estimates a 3 percent rise in soybean planted area, to a record 35 million hectares, as more farmers opted to plant the oilseed instead of corn during the Brazilian summer. Last season, Brazilian farmers collected a record 114.7 million tonnes of soybeans.
CBOT wheat falls as U.S. exports suffer.
CBOT wheat falls as U.S. exports suffer.
EU wheat hits contract low on Chicago slide, euro rally.
EU wheat hits contract low on Chicago slide, euro rally.
US to fuel dip in world wheat area to five-year low in 2018-19.
US to fuel dip in world wheat area to five-year low in 2018-19.
HAFED to launch fortification of whole wheat flour for commercial use.
HAFED to launch fortification of whole wheat flour for commercial use.
India rice basmati strengthens on increased buying.
India rice basmati strengthens on increased buying.
Over 6.83 MMT of paddy arrives in Haryana.
Over 6.83 MMT of paddy arrives in Haryana.
All-India cotton supply hit due to strike in Gujarat.
All-India cotton supply hit due to strike in Gujarat.
Wheat farmers struggle for improved seeds as planting begins.
Wheat farmers struggle for improved seeds as planting begins.
Brazil’s Anec sees more corn exports, 2017 still tough for traders
Brazil’s Anec sees more corn exports, 2017 still tough for traders
Union govt rejects Odisha’s paddy MSP hike demand.
Union govt rejects Odisha’s paddy MSP hike demand.
NCDEX cotton at 6-month high on crop damage concerns.
NCDEX cotton at 6-month high on crop damage concerns.
No water, 10,000 acres of fertile land won’t grow paddy this Rabi.
No water, 10,000 acres of fertile land won’t grow paddy this Rabi.
USDA arm sees Colombia coffee crop a tad up on year.
USDA arm sees Colombia coffee crop a tad up on year.
USDA lowers 2017-18 global rice supply forecast by 2%.
USDA lowers 2017-18 global rice supply forecast by 2%.
CBOT corn ends fractionally higher after choppy session.
CBOT corn ends fractionally higher after choppy session.
Soggy corn raises costs for US grain exporters.
Soggy corn raises costs for US grain exporters.
India wheat prices fall in spot markets on weak demand.
India wheat prices fall in spot markets on weak demand.
Nearly half of imported wheat still at Indian ports.
Nearly half of imported wheat still at Indian ports.