Futures contracts of mustard seed hit an eight-month high of 4,029 rupees per 100 kg on NCDEX on talks of an increase in incentive on export of oilmeals to 10% from 5%. On NCDEX, the most-active December contract was up 0.9%.
India NCDEX soybean rises towards MSP; mustard up
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.
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.
Russia wheat prices shrug off reports of radioactive traces in Urals.
Russia wheat prices shrug off reports of radioactive traces in Urals.
Ukraine Soybean average yield 16% lower than last year
Oilseed harvesting is almost complete in Ukraine. As of November 21, sunseed was gathered from 5890.4 Th ha or 99% of its intended area (5955.8 Th ha). Farmers obtained 11822 KMT of sunseed with average yield 2.01 MT/ha which is 11.5% lower than last year. Farmers gathered 3641.1 KMT of soybeans from 1899 Th ha out of intended 1990.1 Th ha. The average yield was 1.92 MT/ha, as of November 21 (-16% compared to last year). Winter rapeseed had been sown at 861.6 Th ha that is 12% more than planned (769.2 Th ha). Last year winter rapeseed area was 844 th ha.
World wheat problem areas not extensive in La Niña year.
World wheat problem areas not extensive in La Niña year.