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.
Japan receives no offers for regular feed-wheat, barley tender.
Japan Ministry of Agriculture received no offers for feed-quality wheat or barley in a simultaneous buy and sell (SBS) auction that closed on Wednesday. The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by August 31, and arrive in Japan by October 31, in the tender that is usually conducted every week. It is seeking the same amounts for each grain to be loaded by September 30 and arrive in Japan by November 30 in a similar tender that will be held on June 7.
Sugar prices down in north India as rains seen boosting output.
Sugar prices down in north India as rains seen boosting output.
Govt raises base import price of all edible oils by 18-33 rupees/tn.
Govt raises base import price of all edible oils by 18-33 rupees/tn.
India maize unchanged in Purnea Bihar market.
Maize prices were unchanged in the benchmark market of Purnea in Bihar as there was no major change in demand or supply of the coarse grain. Mill quality maize was sold at 1,225-1,230 rupees per 100 kg in Purnea. Arrivals of the coarse grain were at 5,000 tonne, also unchanged from previous close. The prices are expected to decline as demand from feed makers is low after the quality of the crop took a hit due to the recent rains in Bihar. On the NCDEX, maize futures followed the trend in spot markets and ended down. July contract ended down 0.2% from the previous close.
Govt aims 22.9 mln tn pulses output 2017-18 vs 22.4 mln crop 2016-17.
Govt aims 22.9 mln tn pulses output 2017-18 vs 22.4 mln crop 2016-17.
Govt aims 274.55 million tonne food garin output 2017-18 vs 273.4 million tonne crop 2016-17.
The target for food grain production has been set at 274.55 million tonne for the new crop year, up from the bumper output of 273.4 million tonne in 2016-17. The government has set the target for rice production at 108.5 million tonne, which is lower than the record output of 109.2 million tonne this year. Wheat production target 97.5 million tonne wheat 2017-18 vs 97.4 million tonne output 2016-17. Maize production target at 26.0 million tonne 2017-18 vs 26.1 million tonne output 2016-17.
Tur prices up in Akola on buying at lower level.
Tur prices up in Akola on buying at lower level.
CBOT corn closed at $3.72, up 5 cents.
Corn futures posted gains of 5 to 5 1/2 cents in the nearby contracts. Lower than expected crop ratings were supportive of buying, along with month end position squaring. Most of the Corn Belt states were behind their respective averages for planting and emerged corn, with IA edging slightly higher. Individual state ratings show IN at 43% g/e, with IL 52% and OH 49%. The WCB states were in better condition as expected with NE at 76% and IA at 73% good or excellent.
Food Corp to auction tur, moong via NCDEX e-Markets.
Food Corp to auction tur, moong via NCDEX e-Markets.
USDA arm says Thailand ups price of its rice exports.
Prices of rice exported from Thailand have increased due to continued demand for white and parboiled rice from the country. During the week ended May 22, prices of rice exported from Thailand increased 4-6% on week. It pegged rice production in Thailand in 2016-17 at 17 million tonne, against 15.8 million tonne the previous year due to higher recovery in off-season production. The estimate for exports from the country was, however, kept unchanged at 9 million tonne.
NAFED procures 10,201 tn rabi masoor seed.
NAFED procures 10,201 tn rabi masoor seed.
USDA corn exports rises.
USDA corn export 1.195 MMT for the week ending May 25. That is an improvement of 2.28% over last week and 51.9% above the same week last year. With the short week, the EIA weekly ethanol report will be released on Thursday.
Russia reducing dependence on soybean meal imports.
Russia reducing dependence on soybean meal imports.
Grain exports from Ukraine exceeded 40 MMT.
Ukraine exported 40.11 MMT of grains in 2016/17 by May 24, or 11.6% more than shipped abroad at the same time a year ago (35.95 MMT). Included 16.54 MMT of wheat (+8.1% year-on-year), 18.19 MMT of corn (+12.3%) and 5.15 MMT of barley (+21.3%). In the same period, exporters also shipped abroad 330 KMT of flour, including 328.6 KMT of wheat flour and 1.3 KMT of flour from other cereals.
Jaipur mustard at 2-year low on high supply, low buys.
Jaipur mustard at 2-year low on high supply, low buys.
Thailand govt to liquidate 18 million tonne rice from reserves.
Thailand Prime Minister has asked the commerce ministry to sell 18 million tonne of stocked rice to save the huge cost of maintaining inventories. The government has already sold 13 million tonne of rice procured from farmers at a minimum support price. The government took three years to sell the rice stock and it fetched lower prices but deteriorating quality of the grain made the sale necessary. Thailand competes with India in the global rice export market.