Govt FY18 wheat buys exceed target in Uttar Pradesh at 3.07 million tonne.
Ram Gopal Yadav (8 years ago)

Government has so far procured 3.07 million tonne wheat from Uttar Pradesh for the 2017-18 (Apr-Mar) season, beating the initial target of 3.0 mln tn. Government purchases are still in progress in the state and procurement may touch 3.5 million tonne this year. Overall, the government has purchased 30.1 million tonne wheat across the country, up 31.3% from a year ago. Apart from Uttar Pradesh, procurement operations are still underway in Uttarakhand and Rajasthan.

EU wheat rebounds as U.S. weather rally offsets strong euro.
Ram Gopal Yadav (8 years ago)

European wheat futures rose, recovering from a two-month low in the previous session, as a U.S. rally fuelled by poor weather for spring wheat offset strength in the euro and improving crop conditions in western Europe. Front-month September milling wheat on the Paris-based Euronext market unofficially closed 0.7 percent higher at 166.75 euros a tonne after rising as high as 167.50 euros. However, the trend remains bearish with improving crop prospects after the recent rain. The euro was firm against the dollar to trade close to a near seven-month high.

US wheat lowest offer in Iraq 50,000 T wheat tender.
Ram Gopal Yadav (8 years ago)

The lowest price offer submitted in the tender from Iraq state grains board to buy at least 50,000 tonnes of hard wheat was $264.66 a tonne c&f free out for wheat sourced from the United States. A multinational trading house offered a total of 300,000 tonnes of US wheat in the latest tender at between $264.66 and $284.70 a tonne c&f free out. One Middle Eastern trading house offered 50,000 tonnes of US wheat at $279.50 a tonne c&f free out. A second Middle Eastern trading house offered 50,000 tonnes of US or Canadian wheat at the much higher price of $415.00 a tonne c&f free out.

USDA arm sees India 2016-17 rice exports at 11 million tonne.
Ram Gopal Yadav (8 years ago)

India wheat exports in 2016-17 marketing year (Oct-Sep) are likely to be at 11 million tonne, up from 10.2 million tonne a year ago. the country had exported 5.2 million tonne rice, up from 4.8 million tonne in the year ago period. Indian rice exports have risen due to strong demand for non-basmati rice from African countries and neighboring Bangladesh, a record production at home and international parity in prices.

Rice, corn sown early in Thailand on good rains.
Ram Gopal Yadav (8 years ago)

The cultivation of main crop rice and corn in Thailand is occurring much sooner than the year-ago period due to favourable rainfall and sufficient water reservoir levels. Thailand Royal Irrigation Department crop progress report indicated that approximately 300,000 ha main-crop rice has been planted in irrigated areas, compared to 4,800 ha in the year ago period. Thai rice exports during Jan-Apr (2017-18), was at 3.6 million tonne, up 2% on year. Exports of corn from the country in 2016-17 are revised up to 700,000 tonne, compared to 500,000 tonne in the previous forecast.

India Prices of maize fall in Purnea due to higher supplies.
Ram Gopal Yadav (8 years ago)

The good-quality crop was sold in Purnea, down 20-25 rupees from previous close, while average-quality maize was sold down 10-15 rupees. Arrivals at the market rose to 5,000 bags (1bag=100kg) from 4,000 bags on previous close. NCDEX most active June contract of rabi maize ended down 1.2% from the previous close. Mill-quality wheat was in Delhi, up 5 rupees fromprevious close. Arrivals to Delhi are slightly down.

CBOT Corn update.
Ram Gopal Yadav (8 years ago)

The most active corn futures fell 0.27 percent to $3.72 a bushel, after gaining nearly 0.1 percent in the previous session. The government rated 68 percent of the U.S. corn crop as good-to-excellent, up from 65 percent a week earlier and above an average of analyst expectations of 67 percent.