CBOT corn down 1% on profit booking after gains Wednesday.
Ram Gopal Yadav (9 years ago)

Corn futures on the CBOT fell over 1% as traders booked profits after prices rose on previous close. July corn contract traded at $3.6625 a bushel, down 1.4% from the previous close. Corn prices rose on previous close due to weakness in US dollar against major currencies, which made the dollar-denominated commodity cheaper for foreign buyers. Prices were also supported by concerns of crop damage in the US due to rains in regions where the crop is grown. Expectations of higher supplies from major producers Argentina and Brazil are also weighing on prices.

Govt official sees India year to Jun basmati acreage rising 25%.
Ram Gopal Yadav (9 years ago)

The area under basmati rice across India is expected to rise 25% on year to 2 million haactare in 2017-18 (Jul-Jun), as higher realisations have encouraged farmers to cultivate more grain. If the weather and other growing conditions remain favourable, the output might also rise. Basmati rice production in India is estimated to have fallen 23% on year to 6.2 million tonne in 2016-17. Due to shortage of supplies, prices have risen nearly 20% in the last three months. India non-basmati rice output in 2016-17 (Jul-Jun) is estimated at a record high of 103 million tonne.

India rice unchanged in spot markets.
Ram Gopal Yadav (9 years ago)

Prices of rice were unchanged in the spot markets, with the 1121 steam variety sold at 8,000 rupees per 100 kg in Taraori, Haryana, and Permal Raw variety quoted at 2,500 rupees in Delhi. Prices are likely to sustain at this level, at least till the next crop arrives in December. While export realisations of basmati rice have increased, export volumes haven’t changed much. India exported 4 mln tn of rice in 2016-17 (Apr-Mar), down 1.1% on year. In volumes terms, there has not been much change in exports. India exported over 700,000 tonne of rice to Iran in 2016-17 (Apr-Mar) marginally higher than 695,000 tonne the previous year.

Indian coffee exports, in tonne.
Ram Gopal Yadav (9 years ago)

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.

Govt May 1 wheat stock down 11.8% on year at 27.7 million tonne.
Ram Gopal Yadav (9 years ago)

The government had 27.7 million tonne wheat in its stocks at the beginning of this month, down 11.8% from 31.4 million tonne a year ago. The stocks are down despite a bumper crop this year as lower output in last two years had taken the government stocks to a multi-year low of 9.4 million tonne in March. The procurement target is higher as India’s wheat production in 2016-17 (Jul-Jun) is seen at 97.4 million tonne, up from 92.3 million tonne a year ago. So far, 28 million tonne wheat has been procured across the country, up nearly 24% on year.

NCDEX wheat ends up as supplies fall; spot prices down.
Ram Gopal Yadav (9 years ago)

Wheat futures on NCDEX traded higher for the sixth consecutive session due to declining arrivals in spot markets. June contract on the NCDEX ended up 0.8% from previous close. wheat prices were down in major wholesale markets due to subdued buying by bulk buyers and stockists. Mill quality wheat sold in Delhi, down 10 rupees and in Indore, down 20-30 rupees from previous clsoe. In Kota market prices remained unchanged.

India maize unchanged in spot markets.
Ram Gopal Yadav (9 years ago)

Maize prices remained unchanged in Bihar Purnea market but traders fear that prices of new crop may fall in coming days as the state has been lashed by rains and hailstorm. The situation is bad, rains may deteriorate the quality of crop lying in fields.it only support the prices of stocked maize which is very few in quantity. India Meteorological Department forecast, squall and thunderstorm are likely to continue in Bihar on Thursday. Amid fears of crop damage, future contracts of maize gained on the NCDEX and June contract ended up 0.2% from previous close.