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.
Bulgaria prices for new-crop wheat increased $2-3 followed the global trends.
Last week Bulgaria old-crop grain market featured downward price trends. In view of sluggish sales towards the season end, purchase prices for all the staple grains are falling in the domestic market. In the new-crop market, forward wheat prices gain on average $2-3 a week due to global trends, reaching $181-184/MT FOB for 12% protein wheat, August-September delivery. At the same time, no revival is yet observed in sales of new-crop grain.
Pea imports at Mumbai surge in May before stringent fumigation norms.
Pea imports at Mumbai surge in May before stringent fumigation norms.
Japan bought 135,747 tonnes of food-quality wheat.
Japan Ministry of Agriculture bought a total of 135,747 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender. From U.S. Western White 24,561 tonnes, Hard Red Winter (semi hard) 9,690 tonnes, Dark Northern Spring 35,710 tonnes (protein minimum 14.0 percent), Canada Western Red Spring 31,106 tonnes (protein minimum 13.5 percent) and from Australia Standard White (West Australia) 34,680 tonnes wheat import.
Soybean prices fall in Indore as supply seen rising.
Soybean prices fall in Indore as supply seen rising.
U.S. wheat fell 0.5 percent.
U.S. wheat fell 0.5 percent to extend two-day losses to nearly 2.5 percent, as traders paused a run of recent gains to assess damage from recent unfavorable weather across the United States and Europe. The most active wheat futures on the Chicago Board of Trade fell 0.5 percent to $4.62-1/4 a bushel, having closed down 1.7 percent on previous close.
Soybean down on CBOT as rains support crops in US.
Soybean down on CBOT as rains support crops in US.
Dairy body to buy 3,675 tonnes maize via e-auction.
The National Cooperative Dairy Federation of India buy 3,675 tonnes maize through a reverse electronic auction. The commodity, used as cattle feed, be bought on behalf of the Rajasthan Cooperative Dairy Federation. The National Cooperative Dairy Federation of India, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.
Jaipur mustard down on weak export demand for meal.
Jaipur mustard down on weak export demand for meal.
India Maize prices rise on lower arrivals.
Prices of maize in the key wholesale market of Purnea in Bihar rose due to a fall in arrivals of the crop. The coarse grain was sold up 20 rupees from previous close. Arrivals have fallen as stocks with farmers are depleting and recent rains in the region have hit transportation of the crop to markets. Farmers brought around 700 tonne of maize, lower than 1,000 tonnes on previous close. July maize contract on the National Commodity and Derivatives Exchange was up 0.5% from the previous close.
ICE Canada canola July contract down $1.30 at $505/tn.
ICE Canada canola July contract down $1.30 at $505/tn.
Ukraine increased corn exports two and a half times in May.
Ukraine exported 2654 KMT of corn in May 2017 that is up 36% from April 2017 (1946 KMT) and two and a half times more than in May 2016 (1002 KMT). Ukrainian exporters shipped abroad 18.186 MMT of corn for just nine months of the current season, up 19% from MY 2015/16.
India rice price Unchanged.
Prices of rice were largely unchanged, with the 1121 sella basmati rice sold at 5,800 rupees per 100 kg in Delhi and the 1121 steam non-basmati variety priced at 6,500 rupees in Taraori, Haryana.
Sri Lanka in talks to import rice from three countries.
Sri Lanka has opened immediate talks with three countries (Indonesia, Pakistan, Thailand) to procure a rice tranche to stabilize its domestic markets. Sri Lanka are looking for par-boiled (Nadu) and Samba categories at this moment and can start with 300,000 MT.
Thailand rice trading highest.
Japan International prices of rice are on rise, with Thai rice trading at highest in about three years amid growing demand from Iran. Export prices of grade-A Thai white rice came to $492 a ton in mid-June, up 10% from a month earlier and the highest since August 2014. A big buyer is Iran, which has returned to the international markets after its landmark nuclear deal with six world powers. The Iranian government and corporate buyers in the country got their hands on 40,000 tons to 50,000 tons of jasmine rice and grade-B white rice recently. Thailand rice exporters are eagerly securing supplies for shipment to Iran. Appreciation in the Thai baht is lifting international prices as well.
All-India cotton arrivals down at 22,200 bales.
Around 22,200 bales (1bale=170kg) of cotton arrived in major spot markets across the country on Wednesday, lower than 22,800 bales on previous close.