Egypt state grain buyer GASC bought 295,000 tonnes of wheat in last week tender, including 60,000 tonnes of Russian wheat at $198 a tonne free on board (FOB) and $10.49 freight.
NCDEX barley down 0.9% as warehouse stocks rise.
NCDEX barley down 0.9% as warehouse stocks rise.
CBOT CORN – Up 1 to 2 cents bushel.
Supported by concerns that storms in the eastern Corn Belt this week could slow fieldwork as well as flood some areas that have already been seeded, damaging recently planted crops. Most-actively traded July contract hit highest since May 4 overnight, breaking through 100-day moving average. CBOT July corn was last up 2 cents at $3.74-1/2 a bushel. The most active corn futures on the Chicago Board Of Trade rose 0.1 percent to $3.75-1/2 a bushel, having gained 0.7 percent in the previous session when prices hit a high of $3.77-1/2 a bushel.
Barley down in Jaipur on low demand, high supply.
Barley down in Jaipur on low demand, high supply.
U.S. corn planting seen 85 % complete.
U.S. corn planting was seen at 84 percent complete, slightly behind market expectations. showers have threatened some corn seedlings. This is the largest corn re-plant season in many years, mostly in the eastern and southern Corn Belt.
Pulses sowing in 2017-18 up 67% at 77,000 ha so far.
Pulses sowing in 2017-18 up 67% at 77,000 ha so far.
Dairy body to buy 1,050 tonne maize via e-auction.
The National Cooperative Dairy Federation of India buy 1,050 tonne maize through a reverse electronic auction on Friday.
Govt plans to enhance pulses milling capacity.
Govt plans to enhance pulses milling capacity.
India Maize down in Bihar as supplies recover post rainfall.
After rising in the last few days, maize prices in Bihar benchmark Purnea market fell due to a rise in arrivals after rainfall in parts of the state faded away. Around 3,000 tonne of maize arrived in markets up from 2,000 tonne on previous close. On NCDEX rabi maize contracts traded higher because of high demand for the coarse grain stored in warehouses from poultry and starch feed manufacturers. The June maize contract ended up 0.6% from the previous close.
Delhi chana down on low demand from dal millers.
Delhi chana down on low demand from dal millers.
Philippines to import 250,000 tonnes of rice in June.
The Philippines issue a tender to import 250,000 tonnes of the grain next month, to boost low stockpiles before the lean harvest season and to offset potential crop damage during the typhoon season.
Akola tur prices up as demand seen rising.
Akola tur prices up as demand seen rising.
Bangladesh gets lowest offer of $427.85/T in rice import tender.
Bangladesh received the lowest offer of $427.85 a tonne from Dubai-based Sukhbir Agro Energy Ltd in a tender to import 50,000 tonnes of parboiled rice.
Prices of urad down in Vijaywada.
Prices of urad down in Vijaywada.
Telangana rabi paddy buys at record high 2.6 million tonne so far 2016-17.
Telangana has procured a record high 2.6 million tonne of paddy so far in the 2016-17 rabi season. The state had procured 729,000 tonne of paddy in the 2015-16 rabi season. Production of the cereal was at 4.2 million tonne in rabi season, higher than expectations of 3.7 million tonne. Till now Rs. 3917.46 crores (39.17 billion rupees) worth of 25.95 LMTs (2.6 million tonne) paddy has been purchased from 4,45,373 farmers from 2,979 purchase centers. Another 1.0-1.5 million tonne paddy is expected to be procured by the end of May.
Soybean oil producers set records in the current marketing year of 2016/17 in Russia.
Soybean oil producers set records in the current marketing year of 2016/17 in Russia.
India Paddy sowing in 2017-18 at 152,000 hactare so far, down 1.3%.
Sowing of paddy in 2017-18 has declined 1.3% on year to 152,000 hactare. Paddy sowing has commenced in Tamil Nadu, Assam, and Nagaland. The normal area covered under the paddy for the period under review is around 165,000 haactare.
Soybean futures bounce on excess rain.
Soybean futures bounce on excess rain.
NCDEX modifies norms for maize contracts expiring in October and later.
NCDEX has modified specifications for maize contracts expiring in October and after. The October contract available for trading from Jun 1. quality specification for delivery of the grain state that a maximum of 1% of fungus allowed. The clause for fungus-affected grains has been added to garner a large set of value chain participants, to encourage deliveries and to make available a futures contract that suits their hedging requirement. Chhindwara has been added as an additional delivery centre, as Madhya Pradesh is the second-largest producer of maize and the Chhindwara belt harvests a large produce. There no premium or discount offered on the basis of quality.
Soybean prices fall as Brazilian currency slumps.
Soybean prices fall as Brazilian currency slumps.