Tamil Nadu floats tender to buy 30,000 tn tur, masoor dal.
EU wheat drops as French harvest makes good progress.
European wheat prices fell, pressured by good harvest results in France and as the euro rise against the dollar hampered the competitiveness of European wheat on world markets. Front month September on the Paris-based Euronext exchange was down 0.1 percent or 0.25 euro at 171.00 euros a tonne. It had surged during a heatwave in France last week, which raised concern of damage to crops.
Chana down in Delhi as supply up, demand weak.
Chana down in Delhi as supply up, demand weak.
US North Dakota corn bushels from 2016 could affect corn prices.
North Dakota farmers have sold a lot of corn, but the amount of crop left after last year record production could wreak havoc on local prices. The U.S. Department of Agriculture estimated in March that 215 million bushels of corn were being stored on farms in the state.
Masoor, urad rise on increased buying in India.
Masoor, urad rise on increased buying in India.
South Korea purchased 60,000 tonnes of corn sourced from South America in a tender.
Korea Corn Processing Industry Association (KOCOPIA) purchased about 60,000 tonnes of corn expected to be sourced from South America in a tender which closed on Tuesday. The corn was purchased at about $177.50 a tonne c&f including surcharge for additional port unloading. Seller was trading group Midstar. The corn was for arrival around October 15.
Soybean futures nearly 1% higher on NCDEX due to firm demand from crushers.
Soybean futures nearly 1% higher on NCDEX due to firm demand from crushers.
Romania hot weather may damage corn crops.
Elevated temperatures (2-4ºС above normal) were observed in the country last week. The average daytime air temperature was within 19-31ºС. Moisture supply available to corn plants (0-100-cm soil layer) is at good and fair levels almost all over corn growing regions. Local shortages are reported in the south-west and south-east. Excessively hot weather (32-35ºС) is expected in the country key growing regions this week. It may damage corn crops.
CBOT soybeans end firm on declining U.S. crop ratings.
CBOT soybeans end firm on declining U.S. crop ratings.
Paddy acreage up 4.5% on year on good monsoon progress.
India kharif paddy acreage was up 4.5% on year at 1.67 million hectares due to good progress of monsoon rains across major growing regions. Southwest monsoon rains have been near normal so far and according to the India Meteorological Department, the currents are likely to cover most parts of the country in the next two to three days. Typically, monsoon covers the entire country by Jul 15.
Jaipur mustard seed down on low buys, higher supply.
Jaipur mustard seed down on low buys, higher supply.
LT Foods to starts opening at 60,000-tn rice plant in Netherlands.
The company inaugurate a rice plant of 60,000-tn initial capacity at Rotterdam in Netherlands. The company would process varieties such as Basmati, Thai, Jasmine and American rice at the new plant. Shares of the company traded at 68 rupees, up 5.8%, on the National Stock Exchange.
India groundnut area 0.47 mln ha, up 49% on year.
India groundnut area 0.47 mln ha, up 49% on year.
All-India cotton arrivals down at 21,100 bales.
Around 21,100 bales (1bale=170kg) of cotton arrived in the major spot markets across the country on Thursday, compared to 22,200 bales on previous close.
India soybean 2017-18, sowing 0.567 mln ha up 88.18% vs 0.301 mln ha LY as on 23 June.
India soybean 2017-18, sowing 0.567 mln ha up 88.18% vs 0.301 mln ha LY as on 23 June.
MCX cotton at 5-month low as output seen higher.
Futures contracts of cotton on the MCX hit a five-month low of 19,580 rupees per bale (1bale=170kg) due to expectations of higher output in 2017-18 (Oct-Sep). Cotton acreage in Gujarat, the largest producer, was at 496,400 ha, compared with 175,500 ha last year. On the MCX, the most active July cotton contract was at 19,800 rupees per bale, down 0.4% from the previous close.
Soybean prices tad down in Indore as arrivals rise.
Soybean prices tad down in Indore as arrivals rise.
Chana down in Delhi as supply rises, demand slips.
Chana down in Delhi as supply rises, demand slips.
Telangana farmers told to continue sowing soybean.
Telangana farmers told to continue sowing soybean.
India kharif Sugarcane 2017-18, sowing 4.752 mln ha up 6.02% vs 4.482 mln ha LY as on 23 June.
India kharif Sugarcane 2017-18, sowing 4.752 mln ha up 6.02% vs 4.482 mln ha LY as on 23 June.