Maharashtra notifies scrapping stock-holding limit on most pulses.
USDA Corn sales higher in latest week.
Corn and soybean export sales increased in the latest week but matched trade forecasts and topped the paces needed to meet the U.S. Department of Agriculture annual forecasts. Old-crop corn sales of 23.7 million bu. were up about 10 million from a week ago, while new-crop sales of about 531,500 bu. were down sharply from a week ago and missed forecasts. Old-crop sales were led by Mexico, Colombia and China, while the new-crop business went to Panama, the French West Indies and Nicaragua.
Chana prices up in Delhi on low supply, local demand.
Chana prices up in Delhi on low supply, local demand.
India Dairy body to buy 1,400 tonne maize at e-auction.
The National Cooperative Dairy Federation of India will buy 1,400 tonne maize through a reverse electronic auction on Jun 22. The commodity, used as cattle feed, will be bought on behalf of the Kerala Co-operative Milk Marketing 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.
Gulbarga tur unchanged; Akola shut as traders on strike.
Gulbarga tur unchanged; Akola shut as traders on strike.
All-India cotton arrivals down at 27,600 bales.
About 27,600 bales (1bale=170kg) of cotton arrived in major spot markets across the country on Wednesday, lower than 31,600 bales on previous close.
Urad prices down in Akola on muted domestic demand
Urad prices down in Akola on muted domestic demand
India Wheat prices, however, were unchanged in major markets.
In Delhi, mill quality wheat was sold at 1,740-1,750 rupees per 100 kg and in Kota, it was quoted at 1,500-1,530 rupees per 100 kg. Markets in Indore were shut, but are likely to re-open on Friday. The July wheat contract on the NCDEX ended at 1,617 rupees per 100 kg, down 0.06% from previous close.
MCX cotton down on high stock, good output hopes.
Futures contracts of cotton fell on MCX due to high stocks and a rise in acreage. The USDA has scaled up its estimate for ending stocks of cotton in India for the season to 13.34 million bales (1USbale=480pound) from 13.24 million bales projected in May. Expectation of a higher production of cotton also weighed on the sentiment. Farmers in the country have sown cotton across 1.41 million ha as of Jun 8, up 42.4% on year. On the MCX, the June contract was at 20,090 rupees per bale (1bale=170kg), down 0.6% from the previous close.
Peas market in Canada traded firm despite fear of lower Indian demand.
Peas market in Canada traded firm despite fear of lower Indian demand.
Australia wheat prices at 1-year high on dry weather.
Prices of the new crop wheat for January delivery in Australia touched a one-year high of A$265 a tonne (13,000 rupees) due to concerns over dry weather in the western part of the country. In western Australia, where the new crop has been planted, soil moisture is currently at record low and the weather bureau has forecast high temperature and little or no rainfall next week. The country is already grappling with low output concerns and wheat production in 2017-18 is seen 31% lower on year at 24.2 million tonne.
India coffee exports during Jan 1- Jun 14.
The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
Green lentils in Canada trades lower, recovery expected soon due to rough weather.
Green lentils in Canada trades lower, recovery expected soon due to rough weather.
U.S. Wheat rises to six-week high on concerns of dry weather on U.S. crop.
Wheat climbed to its highest since early May with the market on track for a second week of gains as dry weather in parts of North America threatens to reduce yields. Wheat earlier rose to as much as $4.58-1/4 a bushel, the highest since May 2. Wheat is rallying on concerns that recent dry weather will curb the output of the U.S. spring crop. North American spring wheat crops remain too dry and weather forecasters do not expect that to change.
NCDEX coriander up over 1% on supply shortage.
Futures contracts of coriander rose over 1% on NCDEX because arrivals in the spot markets of Rajasthan were declining. The most-active July contract traded at 5,120 rupees per 100 kg, up 1.3% from the previous close. In the benchmark market of Kota, the Badami variety of coriander traded at 5,700-5,850 rupees per 100 kg, while the Eagle variety was quoted at 5,900-6,000 rupees. Prices of both varieties were up 200 rupees from previous close. Arrivals in Rajasthan were 3,300 bags (1bag=40kg), down 1,100 bags from the previous day.
Centre may hike MSP of oilseed by 400 rupee/100 kg.
Centre may hike MSP of oilseed by 400 rupee/100 kg.
Japan buys 162,286 tonnes food wheat via tender.
Japan Ministry of Agriculture bought a total of 162,286 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender.
Govt cuts base import price of most edible oils, barring soyoil.
Govt cuts base import price of most edible oils, barring soyoil.
CBOT soybean down on forecast of rains in US.
CBOT soybean down on forecast of rains in US.
Kazakhstan Wheat is in good condition.
In Aktobe and West Kazakhstan regions, spring wheat crops are at stages ranging from germination to three leaves, locally tillering. Plant condition is good and fair.