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 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
CBOT July soybeans are up 2-1/4 cents at $9.15 per bushel.
CBOT July soybeans are up 2-1/4 cents at $9.15 per bushel.
Chana prices down in spot markets on weak demand.
Chana prices down in spot markets on weak demand.
NCDEX mustard dn as demand poor, output seen higher.
NCDEX mustard dn as demand poor, output seen higher.
India Government wheat procurement grows 30% to reach 30 MT.
Wheat purchase has been close to 30 million tonne (MT) which is 6.8 MT more than the volume of grain purchased during the same period previous year. Punjab (11.6 MT), Haryana (7.4 MT) and Madhya Pradesh (6.7 MT) have purchased a major chunk of wheat since the procurement operations began on April 1. Only in Uttar Pradesh and Rajasthan the procurement operations are still going on while in the rest of key growing states, procurement operations have been completed.
Govt aims 355.0 mln tn cane 2017-18 vs 306.0 mln tn output 2016-17
Govt aims 355.0 mln tn cane 2017-18 vs 306.0 mln tn output 2016-17
Mustard seed quoted lower in Jaipur on muted demand.
Mustard seed quoted lower in Jaipur on muted demand.
Egypt has bought 3.6 million tonnes of local wheat since start of season.
Egypt, the world largest wheat importer, has bought 3.6 million tonnes of wheat from local farmers since the harvest began in mid-April. Egypt consumes 9.5 million tonnes of wheat to make its subsidized bread, 4 million tonnes from the local harvest and 5.5 million tonnes from imports.
India sugar output expected to jump on decent monsoon.
India sugar output expected to jump on decent monsoon.
June rapeseed contract closed 0.5% lower at $53.89 / 100 kg on the NCDEX.
June rapeseed contract closed 0.5% lower at $53.89 / 100 kg on the NCDEX.
Egypt GASC tender $191.46/T for Romanian wheat.
The lowest offer at Egypt state grain buyer GASC tender was $191.46 per tonne free-on-board for 60,000 tonnes of Romanian wheat. Trading company ADM made the lowest offer on a cost & freight basis for 60,000 tonnes of Romanian wheat at $201.56 per tonne. GASC is seeking an unspecified amount of wheat from global suppliers for July 1-10 shipment.
Ukraine increases sugar exports by almost 9-times.
Ukraine increases sugar exports by almost 9-times.
Palm oil on the European vegetable oils market continued to ease on fading demand and follow through technical selling in Malaysian palm oil futures.
Palm oil on the European vegetable oils market continued to ease on fading demand and follow through technical selling in Malaysian palm oil futures.
April Russian wheat exports to Turkey were lowest since February 2015.
Russia continued exporting wheat at a record pace in April 2017, when it supplied 1.96 MMT to foreign markets. This is 24% more than exported in April 2016 (1.58 MMT). This season wheat exports from Russia have totaled 23.77 MMT that is up 6% year-on-year. Shipments to Turkey shrank noticeably in April: their monthly total dropped to a season-low of 58 KMT. This is the smallest delivery since February 2015 (54 KMT).
Uttar Pradesh 2016-17 sugar output 8.75 mln tn, up 28% on year.
Uttar Pradesh 2016-17 sugar output 8.75 mln tn, up 28% on year.
Malaysian August palm oil futures fell 0.2% on a stronger ringgit currency and weaker related edible oils.
Malaysian August palm oil futures fell 0.2% on a stronger ringgit currency and weaker related edible oils.
USDA Wheat Crop progress.
Indicating that 80% of the US winter wheat crop was headed. Individual state data showed TX was 22% harvested, vs. the average of 15% for this date. Winter wheat conditions were down 2% g/e to 50%, but only lost 1 point on the Brugler500 index to 340. Spring wheat is 96% planted and 79% is emerged, with both now ahead of their 5-year averages but behind last year. The crop is rated 62% g/e, vs. last year at 79%.
Chana prices up in Delhi on improved demand.
Chana prices up in Delhi on improved demand.
USDA wheat exports increase 21%.
USDA wheat exports of 602,913 MT for the week of May 25. That is an increase of 21.33% over last year but down 11.88% from last week.
Tur prices down in spot markets on lacklustre demand.
Tur prices down in spot markets on lacklustre demand.