Japan Ministry of Agriculture bought a total of 117,800 tonnes of food quality wheat from the United States and Australia in a regular tender that closed late on Thursday.
Soybean futures for July delivery fell 0.9% to $9.39 1/2 a bushel at CBOT.
Soybean futures for July delivery fell 0.9% to $9.39 1/2 a bushel at CBOT.
CBOT Maize futures traded higher.
Corn futures on the CBOT traded higher as rains in the US have posed a threat to the yield of corn, in addition to fears that sowing may be hampered. July corn contract on the CBOT was at $3.73 a bushel, up 0.5% from the previous close.
China soybean crushing margins hit nine-month lows as soymeal stocks grow.
China soybean crushing margins hit nine-month lows as soymeal stocks grow.
Maize fall on NCDEX, unchanged in spot markets.
Maize futures on the NCDEX fell as concern about the weather in Bihar. June contract of rabi maize ended down 0.4% from the previous close. Prices of the coarse grain in spot markets remained unchanged.
SOPA seeks soyoil import duty hike as soybean prices hit 5-year low.
SOPA seeks soyoil import duty hike as soybean prices hit 5-year low.
Dairy body buys 46 tonne maize at 1,481 rupees/100 kg.
The National Cooperative Dairy Federation of India bought 46 tonne maize at 1,481 rupees per 100 kg through an online auction. The commodity, which is used as cattle feed, was bought on behalf of the Sabarmati Ashram Gaushala. The federation, which has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy products.
Jaipur mustard seed over 2-year low on muted demand.
Jaipur mustard seed over 2-year low on muted demand.
All-India cotton arrivals up at 43,900 bales.
All-India cotton arrivals up at 43,900 bales Wednesday. Arrivals of cotton at major spot markets across the country were at 43,900 bales (1bale=170kg) on Wednesday, up from 43,700 bales on previous clsoe.
India coffee exports during Jan 1- May 24.
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.
NCDEX coriander up 2% on short covering, low supply.
June contract traded at 5,105 rupees per 100 kg, up 2.6% from the previous settlement. Prices of the spice also rose as arrivals in Ramganj and Kota more than halved to 3,000 bags (1bag=40kg). At Kota, the benchmark market for the commodity, coriander prices were unchanged as demand matched supply. The Badami variety was quoted at 5,800 rupees per 100 kg, while the Eagle variety was sold at 6,100-6,300 rupees. Markets in Baran, Rajasthan, were closed because Amavasya.
Centre’s cane price for 2017-18 hikes 10.6%.
Centre’s cane price for 2017-18 hikes 10.6%.
India sugar no volume on NCDEX for second day; down in spot.
India sugar no volume on NCDEX for second day; down in spot.
MANILA NFA had enough rice in Marawi City.
NFA in Marawi City had 38,000 bags of rice, enough to feed the whole province of Lanao del Sur for five days. Combined with commercial rice supply, the stocks can feed the whole province for 15 days. NFA rice stocks for the whole of Mindanao currently stands at 15 million bags.
Lower pulses import expected in 2017-18(Apr-Mar) 4.5 to 4.6 MMT ,down from 6.6MMT imported in 2016-17 and also down from 5.8MMT imported in 2015-16.
Lower pulses import expected in 2017-18(Apr-Mar) 4.5 to 4.6 MMT ,down from 6.6MMT imported in 2016-17 and also down from 5.8MMT imported in 2015-16.
All-India cotton arrivals down at 43,700 bales.
All-India cotton arrivals down at 43,700 bales Tuesday. Arrivals of cotton at major spot markets across the country were at 43,700 bales (1bale=170kg) on Tuesday, down from 44,700 bales on previous close.
USDA arm cuts Vietnam 2016-17 coffee output.
The USDA Foreign Agricultural Services has revised its estimate for Vietnam coffee production to 26 million bags (1bag=60kg) in 2016-17 (Oct-Sep) from 26.7 million bags due to unusual rains during harvest. Above-normal rains during Oct-Nov delayed harvest of the Robusta crop. Growers generally pick Robusta cherries from the end of October till January. Late rain starting in October through December 2016 did not only slow the picking and drying processes, but caused more physical damage to the beans. This situation also lowered the quality of the beans.
India coffee exports during Jan 1- May 23.
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 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9%.
Coriander futures down 40%; under SEBI lens on alleged cartelization.
Prices of coriander futures fell sharply over the last two months to hit five-year lows, despite strict curbs by the exchange, which has left not only the exchange, but also regulators in quandary about what could have led to the strong one-sided price movement. The contract has hit the 4% maximum lower circuit in at least six trading sessions over the last one month, despite NCDEX raising special margins by 20 percentage points. Concerned over allegations of excessive speculation in coriander futures contracts, SEBI is likely to hold a crucial meeting with NCDEX later in this week.
NCDEX coriander below support of 5,000 rupee/100 kg.
Futures contracts of coriander on the NCDEX slipped below the crucial support level of 5,000 rupees per 100 kg due to continued selling pressure amid high supply. June contract hit a 4% lower circuit of 4,965 rupees per 100 kg, also a four-and-a-half year low. Rising stock of coriander at exchange-accredited warehouses and market buzz of rising imports of substantially cheaper Ukrainian crop have led to the fall in coriander futures despite strict curbs in form of margins and position limits by the exchange. Stocks of the spice at NCDEX-accredited warehouses rose to 32,130 tonne on Tuesday, up 10,728 tonne on month.