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.
Winter wheat planting in Kazakhstan hampered by precipitation.
Winter wheat planting in Kazakhstan hampered by precipitation.
Algeria bought 660,000 MT wheat in tender.
Algeria bought 660,000 MT wheat in tender.
Ethiopia seeking foreign wheat.
Ethiopia seeking foreign wheat.
Basmati farmers in Punjab & Haryana rake it in.
Basmati farmers in Punjab & Haryana rake it in.
Rice prices up in India, Vietnam as rains dampen crop supply.
Rice prices up in India, Vietnam as rains dampen crop supply.
Bangladesh approves purchase of 0.1 MMT rice from India.
Bangladesh approves purchase of 0.1 MMT rice from India.
Thailand rice price up 15% this year on high demand.
Thailand rice price up 15% this year on high demand.
Maharashtra sugar output in Nov seen up 60% on year at 1.5 million metric tonne.
Mills in Maharashtra are likely to produce around 1.5 million metric tonne sugar in November, the first month of the start of the season, up nearly 60% from the corresponding month last year. Around 150 mills are likely to start operations in November this season, compared to 100 mills in the same period last year. Reports surfaced in Maharashtra about a possible delay in crushing due to continued rains across the state.
Corn planting delays by 35% in Argentina.
Corn planting delays by 35% in Argentina.
