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.
Sugar prices unchanged in North India in thin trade.
Sugar prices unchanged in North India in thin trade.
Meghalaya CM slams Centre for not including Sugar under National Food Security Act, 2013 and said the state will provide one kg sugar to every household in the state.
Meghalaya CM slams Centre for not including Sugar under National Food Security Act, 2013 and said the state will provide one kg sugar to every household in the state.
Indian sugar mills seek increase in duty to 60% in order to curb unwanted imports.
Indian sugar mills seek increase in duty to 60% in order to curb unwanted imports.
India rice flat in spot markets.
Prices of rice remained unchanged in the major markets. In Karnal, Haryana, 1121 basmati sella rice was quoted at 5,300-5,400 rupees per 100 kg, while permal raw variety non-basmati rice traded at 2,800 rupees per 100 kg.
ICE sugar tad down on expectation of higher output.
ICE sugar tad down on expectation of higher output.
India wheat prices up on firm demand from millers.
Prices of wheat in the key wholesale market of Indore in Madhya Pradesh rose due to firm demand from flour-millers. The mill-quality wheat up 10-20 rupees from previous close. Arrivals to the market were around 8,000 bags, each with 100 kg of the grain, higher than the average arrivals of 2,000-3,000 bags in the last few days. In Delhi, the grain was unchanged.
ICE Raw sugar July contract down 4% to end at 13.06 cents a pound.
ICE Raw sugar July contract down 4% to end at 13.06 cents a pound.
CBOT Wheat eases.
Wheat contract declined 0.4 percent to $4.62-1/2 a bushel, having closed down 1.7 percent on previous close. Chicago wheat futures slid for a second session as the market took a breather after climbing to a one-year high earlier this week, with traders pausing to assess damage from unfavorable weather across the United States and Europe.
Pulses import by South Indian importers increases from 649 to 1355 containers during 9-17 June-2017.
Pulses import by South Indian importers increases from 649 to 1355 containers during 9-17 June-2017.
Bangladesh tenders to import 50,000 tonne of wheat.
Bangladesh state grains buyer issued an international tender on Wednesday to import 50,000 tonnes of wheat. The deadline for offers is July 11, and the wheat is to be shipped within 40 days of signing the deal.
Chana prices down in Delhi on muted demand.
Chana prices down in Delhi on muted demand.
Iran Exporting 3 Million Tonne of Surplus Wheat.
Exports of flour and wheat byproducts have been made to Oman, Iraq, Afghanistan and Turkey while talks are underway with other countries, including Egypt, for such exports. About 500,000 tons of wheat from a total of more than 1 million tons offered on Iran Mercantile Exchange have been bought by producers and factory owners. The wheat offered on IME is sold at export prices, which are lower than those in the domestic market, under the condition that the purchased crop be processed into flour or byproducts and then exported.
Early sown soybean hit in Madhya Pradesh on delayed monsoon.
Early sown soybean hit in Madhya Pradesh on delayed monsoon.