Ethiopia issues tender to buy 0.2 MMT wheat.
Sugar down in north India on start of cane crushing operations
Prices of sugar fell in the key wholesale markets of northern India because various mills in the region have started cane crushing operations, which weighed on market sentiment. Demand for sugar is also low and has kept prices under pressure.
Sri Lanka floats international tender for 0.2 MMT of rice.
Sri Lanka floats international tender for 0.2 MMT of rice.
India spot wheat prices up on expectation of import duty hike.
India spot wheat prices up on expectation of import duty hike.
India govt may hike wheat MSP by Rs 100 per quintal.
India govt may hike wheat MSP by Rs 100 per quintal.
Chana prices down in Delhi on subdued demand.
Prices of chana fell in Delhi because of subdued demand from the dal millers. November futures of chana on NCDEX hit 3% lower limit tracking weakness in the spot market.
CBOT wheat closes up 2.4% on short-covering.
CBOT wheat closes up 2.4% on short-covering.
Sugar prices down in north India due to poor demand.
Prices of sugar fell in the key wholesale markets of north India due to sluggish demand from bulk buyers. The sentiment for sugar prices is bearish as the cane-crushing season for 2017-18 (Oct-Sep) was drawing near.
Inspection battle threatens Egypt’s wheat supply.
Inspection battle threatens Egypt’s wheat supply.
NCDEX mustard seed hits 6-month high on higher demand.
The November contract of mustard seed on the NCDEX, hit a six-month high, owing to improved demand for mustard oil. On NCDEX, the most active November contract was up 24 rupees from previous close. A decline in stocks at exchange-accredited warehouses also supported mustard seed prices
USDA cuts Australia wheat crop view by 1.5 MMT to 20 MMT.
USDA cuts Australia wheat crop view by 1.5 MMT to 20 MMT.
NCDEX soybean down 1% on strong supplies; spot flat.
Futures contracts of soybean fell over 1% on the NCDEX tracking a rise in supplies in the spot markets. the most active November soybean contract was down 1.1% from the previous close. In spot markets, however, prices were largely unchanged as strong demand from stockists offset the impact of a rise in arrivals.
Iraq buys 50,000 MT U.S. hard wheat in tender.
Iraq buys 50,000 MT U.S. hard wheat in tender.
Brazil farmers frustrated with soybean planting delays.
Soybean planting reached 20% of the area forecast for the 2017/2018 harvest. Last year, planting was 29% in this period and 19% in the average of five years. The 2017/2018 Brazilian soybean planting season is being described as very variable. While in the southern region of Brazil it is raining, and the farmers accelerate planting, the Central-West region is suffering from irregular rainfall. The unfavorable climate already threatens to damage the second corn crop.
Over 4.52 MMT paddy purchased in Haryana.
Over 4.52 MMT paddy purchased in Haryana.
US soybean crop 70% harvested, below five-year average: USDA.
Farmers have harvested 70% of the US soybean crop. Putting the harvest 3 percentage points behind the five-year average for this point in the year.
Punjab, Haryana procure over 13 MMT of paddy.
Punjab, Haryana procure over 13 MMT of paddy.
Stocks of all oilseeds increased in Kazakhstan.
Oilseed stocks totaled 967.9 KMT as of October 1, 2017, or 72% more than a year ago (+405.5 KMT) – 562.4 KMT was available as of October 1, 2016. The rise was seen in stocks of staple oilseeds. So, sunseed availabilities have doubled since last year (+74.5 KMT) and reached 145.1 KMT, while linseed inventories are up 87.6% (+213.2 KMT) at 456.6 KMT, soybean inventories up 78% (+19.8 KMT) at 45.2 KMT and rapeseed stocks up 42.5% (+74.2 KMT) at 248.6 KMT.
Kerala State Civil Supplies Corporation procures 18,000 MT of paddy.
Kerala State Civil Supplies Corporation procures 18,000 MT of paddy.
MMTC invites bids for sale of 9,016 metric tonne of imported tur.
MMTC Ltd has invited bids for sale of 9,016 metric tonne of tur imported from Africa, 7,093 metric tonne masur from Canada, and 4,887 metric tonne urad imported from Myanmar. The pulses are stocked at Central Warehousing Corp, Vashi, Ashara B3, Navi Mumbai, and Maharashtra State Warehousing Corp, Panvel. Bids have to be submitted on Oct 31, and opened on the same day. Bids remain valid up to Nov 2.