Source says govt may mull 60% sugar import duty if global prices low.
Brazil Soybean farmer sold 58% due to reserved selling.
Brazil Soybean farmer sold 58% due to reserved selling.
EU wheat down with Chicago, hefty supplies weigh.
European wheat prices fell following a sharp drop in U.S. prices on abundant global supplies and improved weather forecasts, and pressured by low export demand. December milling wheat on Paris-based Euronext, was down 0.7 percent at 172.00 euros a tonne.
India sugar down in most spot markets as rains seen boosting output.
India sugar down in most spot markets as rains seen boosting output.
Jaipur mustard seed down on low demand from millers.
Jaipur mustard seed down on low demand from millers.
Israel buy 30,000 tonne wheat.
A group of Israeli private buyers issued international tenders to purchase up to 30,000 tonnes of feed wheat and 20,000 tonnes of feed barley all of optional origins. Tenders close on June 13.
Maharashtra sugar production to rise by 74% in 2017-18.
Maharashtra sugar production to rise by 74% in 2017-18.
US Wheat Update.
Wheat futures settled with losses of 1 to 4 cents in the KC and CBT contracts, as MPLS was up mostly a penny to 2 1/2 cent in the front months. The Commitment of Traders report had managed money lowering last week net short position in Chicago wheat futures and options by 7,624 contracts, to 106,136 contracts. They added 4,510 contracts in the MPLS wheat future and options contracts to a net long position of 9,486 contracts as of June 6. All wheat production for 2017 was hiked 4 mbu at 1.824 bbu over May crop production report. Winter wheat production saw a 4 mbu shift up to 1.250 bbu, as HRW was at 743 mbu up 6 mbu, with SRW at 298 mbu. US ending stocks for 2016/17 were at 1.161 bbu, showing a 2 mbu shift from May on larger imports, as 2017/18 stocks rose 10 mbu in this month’s report to 924 mbu. World ending stocks for 2016/17 were updated to 256.43 MMT, with 2017/18 stocks up 2.9 MMT to 261.19 MMT.
Ukraine exports 0.732 MMT of sugar since early 2016/17.
Ukraine exports 0.732 MMT of sugar since early 2016/17.
Egypt purchased Russian and Romanian wheat via tender.
Egypt purchased 360 KMT of milling wheat from Russia and Romania for shipment during July 10–20, 2017 at an average price of USD 205.51/MT C&F. The price in the previous tender equaled USD 202.61/MT C&F. In the previous tender, on May 31, 2017, Egypt took 180 KMT of milling wheat from Russia and Romania for shipment during July 1–10, 2017.
Veggies, pulses drag inflation to record low of 2.18% in May.
Veggies, pulses drag inflation to record low of 2.18% in May.
India Rice down in Punjab on weak demand.
Prices of rice fell in a key wholesale market of Amritsar due to weak demand from Iran and expectations of a larger crop this year.Steam variety of Pusa 1121 basmati rice was quoted at 6,800 rupees per 100 kg and parboiled variety at 5,700 rupees per 100 kg, both down 100 rupees from previous close. The Permal raw variety of non-basmati rice was quoted at 2,500 rupees per 100 kg in Amritsar, down 50 rupees.
Farmers switch from paddy to pulses for better returns in sambalpur (Odisha).
Farmers switch from paddy to pulses for better returns in sambalpur (Odisha).
India Erratic 2nd half of monsoon may hit rice.
Production of rice and soybean in the 2017-18 (Jul-Jun) kharif season may come down due to the possibility of an erratic second half of the southwest monsoon season. A poor and erratic monsoon in second half of the season may potentially bring down the production (of rice) by 5-8 million tonne from the normal level. Production of rice in 2016-17 kharif season is estimated at 96.09 million tonne. Skymet has predicted the southwest monsoon this year at 95%, with rainfall declining in the second half of the season. Acreage of the grain in the ongoing kharif season is expected to be near normal at around 39.3 million hectares, due to the timely onset of the monsoon season.
Delhi chana down as arrivals double, demand slips.
Delhi chana down as arrivals double, demand slips.
Bangladesh delay Brazil GMO Corn Import permit.
Bangladesh authoritirs still not issuing permit for imported GMO corn from Brazil, imported vessels are due for July shipments. This is supporting the Indian maize market, as Bangladeshi buyers will eye towards Indian Non-GMO Corn.
Akola tur falls as supply likely to rise.
Akola tur falls as supply likely to rise.
USDA weekly crop progress report is expected to show lower condition ratings for the US corn.
The department was likely to show 67 percent of the US corn crop rated in good to excellent condition. That would be down 1 percentage point from a week ago. As hot temperatures and limited rainfall in the central United States stressed developing corn and wheat plants.
Jaipur moong up as Madhya Pradesh may procure more.
Jaipur moong up as Madhya Pradesh may procure more.
Ukraine Corn planting is 99% complete.
Planting of spring cereals and pulses was completed on an area of 7154 Th ha (99% of the plan). This is 1.2% less than planted at the same time last year (7242 Th ha). In particular, spring barley was sown on 1580 Th ha (96%) against 1824 Th ha in 2016, spring wheat on 176 Th ha (99%) against 169 Th ha in 2016, oats on 198 Th ha (96%) against 213 Th ha a year ago. Peas were seeded on 385 Th ha (116%) compared to 229 Th ha as of June 9, 2016. Corn planting in Ukraine is 99% complete. The crop was sown on 4474 Th ha as of the reporting date against 4411 Th ha as of June 9, 2016. Ukrainian farmers planted 151 Th ha of buckwheat (104% of the plan) against 142 Th ha by the same time last year. Millet planting is complete on 54 Th ha (66% of the planned) against 95 Th ha in 2016.