European wheat futures hit a 10-day low as the easing of a heatwave in western Europe and a quick start to harvesting in France offset weather worries that had pushed prices to a near one-year high last week. December milling wheat, the most active position on Paris-based Euronext, was down 2.00 euros, or 1.1 percent, at 176.00 euros a tonne at the close, just off an earlier low of 175.50 euros. The European Union crop monitoring service lowered its 2017 yield forecast for EU soft wheat, citing hot, dry weather.
India kharif pulses 2017-18, sowing 0.597 mln ha (down 33.79%) vs 0.901 mln ha LY as on 23 June.
India kharif pulses 2017-18, sowing 0.597 mln ha (down 33.79%) vs 0.901 mln ha LY as on 23 June.
US Wheat falls 2 percent on profit-taking.
Chicago Board of Trade wheat prices fell about 2 percent, extending their slide to four sessions on profit-taking after a run-up to one-year highs last week. CBOT July wheat was down 8-1/2 cents at $4.51-1/4 per bushel. MGEX July reached $6.75 a bushel.
India kharif urad 2017-18, sowing 0.115 mln ha (up 6.36%) vs 0.108 mln ha LY as on 23 June.
India kharif urad 2017-18, sowing 0.115 mln ha (up 6.36%) vs 0.108 mln ha LY as on 23 June.
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.
NCDEX Jul coriander up as supply down in Rajasthan.
July coriander futures on the NCDEX were up because of a decline in supply in Rajasthan markets, as farmers brought less produce due to rainfall in the state. The most-active July contract was at 4,900 rupees per 100 kg, up 0.3% from the previous settlement. Supply in Rajasthan was 4,500 bags (1bag=40kg), down 2,500 bags from the previous day. In Ramganj, a key wholesale market, the Badami variety was sold at 5,900 rupees per 100 kg, while the Eagle variety was quoted at 6,100 rupees, both unchanged from previous day.
India sugar prices down in most spot markets, NCDEX on poor demand.
India sugar prices down in most spot markets, NCDEX on poor demand.
ICE sugar at 16-month low on hopes of higher output.
ICE sugar at 16-month low on hopes of higher output.
ABARES sees ICE sugar average 15 cents/pound in 2017-18.
ABARES sees ICE sugar average 15 cents/pound in 2017-18.
Chana prices fall in Delhi on subdued demand.
Chana prices fall in Delhi on subdued demand.
India wheat Price Unchanged.
Futures of wheat, however, traded largely flat during the day and the July wheat contract on NCDEX settled at 1,615 rupees per 100 kg, unchanged from the previous settlement. Prices of wheat in spot markets were also unchanged due to steady demand and supply.
Tur prices dn in Akola, Gulbarga despite low supply.
Tur prices dn in Akola, Gulbarga despite low supply.
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.