France AgriMer raises 2016/17 wheat stocks forecast.
Ram Gopal Yadav (9 years ago)

France AgriMer raised forecast for French soft wheat stocks at the end of the 2016/17 season to 2.7 million tonnes from 2.4 million estimated last month. The increased stocks outlook notably reflected a 200,000 tonne cut to forecast French soft wheat exports outside the European Union in 2016/17 to 5.0 million tonnes.

German 2017 wheat crops harvests expected up on year.
Ram Gopal Yadav (9 years ago)

The country association of farm cooperatives said German wheat benefited from rain in recent weeks and an increase in both crops is expected in the 2017 harvest. Germany 2017 wheat crop increase 3 percent on the year to 25.20 million tonnes. In its last estimate in May, association forecast a German 2017 wheat crop of 24.98 million tonnes.

U.S. Wheat edges higher as fears for Spring crop linger.
Ram Gopal Yadav (9 years ago)

U.S. wheat futures edged higher, recouping much of the losses from the previous session, as concerns over potential yield losses from recent dry weather lent support to prices. CBOT wheat futures rose 0.2 percent to $4.43-3/4 a bushel, having closed down 0.44 percent on previous close.

India Flash floods in Assam likely to hit paddy production.
Ram Gopal Yadav (9 years ago)

Heavy monsoon showers that caused flash flooding in certain parts of Assam are likely to hamper production of paddy in the state. Most farmlands are submerged under water, causing threat to paddy seeds sown in the fields. During the first 13 days of the Jun-Sep monsoon season, Assam and Meghalaya received 148.9 mm of rainfall, while it received 94% above-normal rains on tuesday.

Bangladesh to import 250,000 tonnes of rice from Vietnam at raised prices.
Ram Gopal Yadav (9 years ago)

Bangladesh is set to buy 250,000 tonnes of white and parboiled rice from Vietnam at prices $50-$90 higher per ton than the previous month, to maintain immediate availability of stock in the market, as well as reserves. The government will be importing 200,000 tonnes of white rice at $430 per ton, though the price per ton was $380 in the last month. The ministry is also planning on procuring 50,000 tonnes of parboiled rice at a cost of $470 per ton, while the price had been less than $450 just a week ago. In addition, in a recent international tender by the food ministry, parboiled rice was listed at $ 427.85 per tonne and white rice was at $406.48. The country rice stock has hit a 5 year low, at 193,000 tonnes.

NCDEX coriander up on low supply, domestic demand.
Ram Gopal Yadav (9 years ago)

Coriander futures were up on the NCDEX as arrivals in Rajasthan declined, and demand from local stockists rose. The most active July contract was at 4,870 rupees per 100 kg, up 0.6% from the previous settlement. In Kota, the benchmark market, the Badami variety of coriander was sold at 5600-5,650 rupees per 100 kg, while the Eagle variety was quoted at 5,800-5,850 rupees, both up 100 rupees from previous close. Arrivals in Rajasthan stood at 4,400 bags (1bag=40kg), down 1,100 bags from the previous day.

US Arkansas wheat forecast falls 8 percent.
Ram Gopal Yadav (9 years ago)

USDA adjusted its forecast for the 2017 Arkansas wheat production, dropping by 8 percent between May 1 and June 1 to about 6.05 million bushels. The yield forecast dropped from 60 bushels per acre in May to 55 bu/ac in June. The state total acreage for winter wheat dropped by about 5,000 acres from 2016 to about 110,000 acres in 2017, but remained unchanged from May to June.

Australia raises wheat forecast on east coast rains.
Ram Gopal Yadav (9 years ago)

Australia slightly raised its forecast for 2017/18 wheat production on as favourable weather along the country east coast looks set to boost output. Australian wheat production is expected to total 24.19 million tonnes up nearly 1 percent from its March forecast of 23.98 million tonnes.