Futures contracts of crude palm oil ended marginally higher on the Bursa Malaysia Derivatives today due to a weak ringgit against the dollar. A weak Malaysian currency makes crude palm oil attractive for overseas buyers. The most-active January contract of crude palm oil on the Malaysian bourse ended at 2,817 ringgits (43,173.49 rupees) per tn, up 0.1% from the previous close.
IGC cuts India 2017-18 rice output estimate by 1 MMT to 108 MMT.
IGC cuts India 2017-18 rice output estimate by 1 MMT to 108 MMT.
Sunflower stocks in Ukraine amount to 5.8 million tonne.
Sunflower stocks at enterprises that process and store oilseeds as of October 1, 2017, amounted to 5.83 million tons, which is 24.7 thousand tons less than the same indicator in 2016 (5.85 million tons).
World corn stocks cut to four-year low, thanks to China ethanol drive.
World corn stocks cut to four-year low, thanks to China ethanol drive.
Ukraine palm oil imports doubled in September.
Palm oil imports to Ukraine totaled 33.9 KMT in September 2016/17. This is 14.2% less than in the previous month (39.5 KMT), but a record high for September. So, imports almost doubled against September 2016 (17.9 KMT).
Global 2017-18 carryover maize stock seen down 14%.
Global 2017-18 carryover maize stock seen down 14%.
NCDEX coriander up 1% as stocks fall in warehouses.
Futures contracts of coriander rose nearly 1% on NCDEX due to a decline in inventory of the spice in exchange-accredited warehouses. The most-active November contract was up 0.7% from the previous close. In the NCDEX-monitored warehouses, stocks of coriander stood at 7,935 tonne down from 8,463 tonne previous day. Further, concerns over a fall in area under the spice in the upcoming sowing season also supported prices. Current low prices and likely low soil moisture content due to poor rainfall in Gujarat, Rajasthan and Madhya Pradesh in the past few weeks are seen leading to lower sowing of coriander this year.
Coriander prices rise in Kota as arrivals decline.
Prices of coriander rose in the key wholesale market of Kota due to a fall in arrivals during the day. The anticipation of a fall in area under the spice crop in the upcoming sowing season also supported the prices.
China cuts 2018 wheat purchase price for first time in over a decade.
China cuts 2018 wheat purchase price for first time in over a decade.
US wheat area for 2018 to hit all-time low, says IGC.
US wheat area for 2018 to hit all-time low, says IGC.
CBOT wheat eases as abundant supplies weigh on market.
CBOT wheat eases as abundant supplies weigh on market.
Southeast Asian buyers return to APW wheat buying as prices fall.
Southeast Asian buyers return to APW wheat buying as prices fall.
Turkey buys 0.11 MMT of wheat in tender.
Turkey buys 0.11 MMT of wheat in tender.
India Soybean ends over 1% down on supply pressure; CPO up.
Futures contracts of the components of edible oil basket, barring crude palm oil, fell on domestic exchanges due to lacklustre demand in spot markets. Favourable weather for soybean harvest in Madhya Pradesh and Maharashtra, the top growers, weighed on sentiments.
China cuts wheat MSP by Yuan 60/MT for 2018.
China cuts wheat MSP by Yuan 60/MT for 2018.
NCDEX mustard down on profit booking post 7-month high
Futures contracts of mustard seed on NCDEX declined for the second straight day as investors booked profit after the commodity hit a seven-month high. The most active November contract on NCDEX traded down 1.5% from the previous close.
EU wheat extends gains on euro drop, Saudi tender awaited.
EU wheat extends gains on euro drop, Saudi tender awaited.
NCDEX soybean extends losses on spot market cues.
Futures contracts of soybean on NCDEX extended losses for the third consecutive day, due to a rise in arrivals in major spot markets. The most-active November contract of soybean on NCDEX was down 0.6% from the previous close. The December contract of soybean also traded 0.6% lower. Favourable weather conditions for soybean harvesting in Madhya Pradesh and Maharashtra also contributed to the fall in prices.
Wheat prices up in Indore as traders withhold stock.
Wheat prices up in Indore as traders withhold stock.
CBOT soybean futures trade with 3 to 4 cent gains in most contracts.
Soybean futures finished trade with 3 to 4 cent gains in most contracts. November 17 Soybeans closed at $9.75 1/4, up 4 cents. US export sale of 238,000 MT of soybeans for 17/18 delivery to China.