ICE July canola eased 20 cents to $509.50 per tonne. New-crop November canola rise $3.90 to $488.70 per tonne.
US wheat lowest offer in Iraq 50,000 T wheat tender.
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.
Mexico agrees to sugar trade deal with U.S.
Mexico agrees to sugar trade deal with U.S.
Japan offers to buy 159,610 tonnes food wheat via tender.
Japan Ministry of Agriculture is seeking to buy a total of 159,610 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender. Japan keeps a tight grip on imports of the country second-most important staple after rice, and buys majority of the grain for milling via tenders typically issued thrice a month.
ICE July raw sugar up 0.09 cent, or 0.65%, at 13.98 cents per lb. August white sugar up $2.6 or 0.63%, at $412.90 per tonne.
ICE July raw sugar up 0.09 cent, or 0.65%, at 13.98 cents per lb. August white sugar up $2.6 or 0.63%, at $412.90 per tonne.
Turkey expected 2017 wheat production to rise 6 percent.
Agriculture Minister Turkey expected wheat production to rise 6 percent in 2017 from a year earlier, while barley production was seen up 12 percent this year. Turkish Grain Board (TMO) begin purchases as of Tuesday with the aim of meeting producers storage and financing needs.
Sugar down in north India on fear of GST impact.
Sugar down in north India on fear of GST impact.
Wheat near 2-week high as adverse weather hits U.S. crops.
Chicago wheat gained more ground, trading near last session two-week high on worries about dry weather threatening production of high-protein wheat in the United States. CBOT most-active wheat contract rose 0.7 percent to $4.38-3/4 a bushel, having climbed to $4.40-3/4 a bushel, the highest since May 22. Spring wheat damage and poor conditions for the hard-red winter wheat in the U.S. because of harsh weather.
Parle introduces new pulses brand called Fresh Harvest.
Parle introduces new pulses brand called Fresh Harvest.
India Prices of maize fall in Purnea due to higher supplies.
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.
Chickpeas well supported in Western Canada.
Chickpeas well supported in Western Canada.
Dairy body buys maize at 1,751-1,844 rupee/100 kg.
The National Cooperative Dairy Federation of India bought 1,300 tonne maize in three lots at 1,751-1,844 rupees per 100 kg through an online auction.
Kharif 2017-18, urad acreage at 36,500 ha till now, up 13% on year.
Kharif 2017-18, urad acreage at 36,500 ha till now, up 13% on year.
CBOT Corn update.
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.
Kharif 2017-18 oilseed sowing up 43% at 79,400 ha till now.
Kharif 2017-18 oilseed sowing up 43% at 79,400 ha till now.
Usda weekly crop progress improving conditions seen as slightly bearish for corn.
Corn planting and emergence were both slightly behind the five-year average while the overall condition of the crop improved from the previous week. 96% of U.S. corn planted, down from 97% a year ago and down from the five-year average of 97%. USDA also said 86% of U.S. corn was emerged, down from 88% a year ago and down slightly from the five-year average of 87% emerged. Sixty-eight percent of the corn crop was rated in good-to-excellent condition, up 3 percentage points from the previous week’s 65% good-to-excellent rating.
Experts say 5% GST on oilseeds may spur soymeal import, hit farmers.
Experts say 5% GST on oilseeds may spur soymeal import, hit farmers.
South Africa To Reap Bumper Maize Harvest.
Farmers are set to produce over 15 million tons of maize, a 50% excess of the expected yield. Maize is a staple food in South Africa and the BBC reports that it is the country biggest harvest in more than thirty years. The bumper harvest follows months of above average rainfall in January and February.
National agricultural academy urges govt to approve GM mustard.
National agricultural academy urges govt to approve GM mustard.
NCDEX coriander up on short covering, high demand.
Futures contracts of coriander on the NCDEX were trading higher as investors covered their short positions after prices slipped to a four-and-a-half-year low of 4,535 rupees per 100 kg in early trade. The most active June contract was at 4,650 rupees per 100 kg, up 0.8% from the previous settlement. Prices of coriander also rose because of improved demand from stockists. Arrivals in Rajasthan were pegged at 6,500 bags (1bag=40kg), up from 2,800 bags on previous close.