Futures contracts of mustard seed on NCDEX rose due to short covering by traders as prices declined in the last two trading sessions. The most-active November contract was up 0.6% from previous close. Expectations of higher mustard meal exports during September is likely to support mustard seed prices.
Sowing wheat earlier can help increase yields in India.
Sowing wheat earlier can help increase yields in India.
Soybean down in Indore market on rise in supply.
Prices of soybean fell in the benchmark market of Indore, Madhya Pradesh, due to rise in supply. Weakness in spot prices also weighed on the futures. The most-active November soybean contract on NCDEX was down 0.1% from the previous close.
EU wheat prices fall as Egypt opts for Russian supplies.
EU wheat prices fall as Egypt opts for Russian supplies.
Groundnut rates unch in Gondhal, to fall post Diwali.
Prices of groundnut seed were unchanged in Gondal, Gujarat, as demand from crushers supported prices, while higher stocks with the government limited gains. New crop arrivals of groundnut seed are expected to increase post Diwali to around 50,000 bags (1bag=20kg) from current arrivals of 25,000-30,000 bags. Prices of groundnut seed are expected to fall by 40-50 rupees from the current rates due to higher arrivals.
Russia hopes to start wheat exports to India.
Russia hopes to start wheat exports to India.
Rajasthan groundnut farmers warned against termites.
IMD Agrimet division has advised farmers in Rajasthan to control infestation of termites in the standing kharif groundnut crop. Incidents of termite attack on the groundnut crop have been reported in some areas of the state. Farmers are advised to irrigate the fields after spraying pesticides on the crop.
Sowing wheat earlier can help beat warming in India.
Sowing wheat earlier can help beat warming in India.
NAFED kicks off procurement of 2017-18 soybean in Rajasthan.
From Saturday, the National Agricultural Cooperative Marketing Federation of India started procuring soybean sown during the 2017-18 (Jul-Jun) kharif season in Rajasthan. The procurement is being carried out at 13 centers in Kota, Jhalawar, Bundi and Baran districts under the price support scheme.
NCDEX wheat ends 1% up on likely hike in import duty.
NCDEX wheat ends 1% up on likely hike in import duty.
SOPA pegs 2017-18 soybean crop at 9.15 million tonne, down 20% YoY.
The Soybean Processors Association of India has estimated 2017-18 (Oct-Sep) soybean output at 9.15 million tonne, down from 11.49 million tonne a year ago. Soybean production fell in the country primarily because of a decline in yield and low acreage in key growing states of Madhya Pradesh and Maharashtra. The association pegged the yield in Madhya Pradesh this year at 905 kg per ha, down from 1,058 kg per ha a year ago. In Maharashtra, the yield was seen at 925 kg per ha against 1,102 kg per ha in the previous year. The oilseed’s production in Madhya Pradesh was estimated at 4.54 million tonne, down from 5.72 million tonne a year ago. Soybean crop in Maharashtra was pegged at 3.19 million tonne compared with 3.95 million tonne last year.
CBOT wheat low on ample supplies, crop-friendly US weather.
CBOT wheat low on ample supplies, crop-friendly US weather.
MCX CPO futures extend gains on festival demand.
Futures contracts of crude palm oil extended gains for the second straight day on the MCX due to demand for the tropical oil ahead of Diwali. Gains in soyoil contracts on the CBOT too supported crude palm oil prices on the domestic bourse. The most-active October contract of crude palm oil on MCX was up 0.5% from the previous close.
EU wheat low as Chicago eases and exports lag.
EU wheat low as Chicago eases and exports lag.
NCDEX chana up 1% tracking spot gains.
The chana contracts on NCDEX were up over 1% tracking gains in the local market. The most-active chana November contract was up 1.1% from the previous close.
Iraq says to grow around 1.6 Mha of wheat in 2017-18 vs 1.6 Mha in LY.
Iraq says to grow around 1.6 Mha of wheat in 2017-18 vs 1.6 Mha in LY.
NAFED to auction 6,353 tonne urad via NCDEX e-Markets.
The National Agricultural Cooperative Marketing Federation of India has offered 6,353 tonne of urad for auction through NCDEX e-Markets. The pulse is stocked at Central Warehousing Corp and other godowns in Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Gujarat, and Maharashtra.
CBOT wheat down 1% on poor demand for US grain.
CBOT wheat down 1% on poor demand for US grain.
Govt is said to plan domestic sale of pulses to prevent rotting.
India is likely to sell about 1 million tonnes of pulses domestically to avoid its stockpiles rotting in warehouses. The government is attempting to sell the reserves in the open market and to some states and organizations such as railways and defence forces.
NCDEX coriander down after prices hit 1-week high.
NCDEX coriander down after prices hit 1-week high.