CBOT December corn was flat at $3.75-1/4 a bushel. Corn futures were little changed, despite pressure from bearish weekly ethanol data. The US Energy Information Administration said weekly US output of corn-based ethanol fell to 1.01 […]
Cyclone and Rain beneficial for summer rice
A tropical cyclone has brought heavy rains back to the eastern Rice areas of India and the growing belt of Bangladesh since late last week. Heavy rains were also recently reported in more minor growing areas […]
Maharashtra to sell chana, urad at 35 rupees per kg via ration shops.
Maharashtra government has decided to sell chana and urad at a subsidised rate of 35 rupees per kg through ration shops under various welfare schemes. A state government notification said chana and urad stocks at National […]
Tur prices rise in Akola, steady in Kalaburagi.
Prices of tur rose in Akola, the benchmark market, due to higher demand from stockists. In Akola, tur was quoted at 3,800 rupees per 100 kg, up 50 rupees. Arrivals in the market were unchanged at […]
International wheat Trade Update
South Korea purchase 60,000 MT and Jordan buying 60,000 MT from CHS, while the Philippines bought 55,000 MT of Australian wheat.Jordan’s purchase of 60,000 tons of milling wheat came after three failed attempts, and was bought […]
India Wheat a tad up in Delhi on pick-up in demand.
Prices of wheat rose marginally in the domestic markets while those of maize were largely unchanged. Price of wheat in key wholesale market of Delhi edged higher due to a pick-up in demand from millers.
Maharashtra Sangli talukas in the grip of worst drought.
Sangli is reeling under one of the worst droughts, it has faced thus far. Most of its lakes and ponds have dried up. There is no water in the Agrani River for the last four years. […]
India Spot prices maize steady.
Price of maize in key wholesale markets of Purnea and Davangere remained largely unchanged. In Purnea, the key market for maize in Bihar, the coarse grain was sold at around 1,400 rupees per 100 kg, largely […]
S. Korea’s rice production expected to fall in 2018.
South Korea’s rice production was expected to have fallen this year due to bad weather and reduced rice paddies. Rice output was estimated at 3,875,000 tons in 2018, down 2.4 percent from a year earlier. It […]
Paddy arrival at Khanna grain market lower than last year
Though the arrival of paddy has picked up pace at Asia’s biggest grain market in Khanna, the quantity is low as compared to the last year, making it apparent that reaching the last year’s target will […]
95,773 tonnes bajra, 32.42 lakh tonnes paddy procured in Haryana.
The arrival of bajra and paddy crops in mandis of the state, is being fully procured and so far, 95,773 metric tonnes of bajra and 32.42 lakh metric tonnes of paddy have been procured in the […]
Russian winter wheat yields fall 17% on year after drought.
Russian winter wheat yields fall 17% on year after drought. High temperatures and low water supply during most of Russia’s growing season has caused winter wheat yields this season to fall 17%.
South Korea’s NOFI seeks about 60,000 T feed wheat.
South Korea’s largest feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase about 60,000 tonnes of animal feed wheat to be sourced from optional origins. Price offers were sought for two possible shipment […]
US Harvest is now 39% complete; soybean progress reaches 38% complete.
The latest USDA crop progress report shows relatively slow soybean harvest progress after plentiful rain and snow fell across the central U.S. this past week. Soybean harvest progress also inched forward last week, moving from 32% […]
USDA crop progress: Corn harvest inches forward.
The latest USDA crop progress report shows relatively slow corn harvest progress after plentiful rain and snow fell across the central U.S. this past week. The 2018 U.S. corn harvest reached 39% complete last week, up […]
India Soybean ends over 1% higher on weak supply.
The November contract of soybean settled 1.4% higher on National Commodity and Derivatives Exchange due to subdued arrivals in the wholesale markets. Arrivals of soybean in the country were estimated at 500,000 bags (1 bag = […]
India NCDEX maize up on good demand.
Futures contracts of maize on the NCDEX ended higher due to improved buying from poultry sector and less availability of good quality stock in wholesale markets. November delivery industrial maize contract on the NCDEX ended at […]
Chana futures gain 0.96% on strong demand.
Chana prices went up by 0.96 per cent to Rs 4,212 per quintal in futures trade, as participants enlarged their positions, tracking a firm trend at the spot market on surging demand. Expanding of positions by traders on the back of strong demand in view of ongoing festive season and increased offtake by dal mills in the physical market mainly attributed the rise in chana prices at futures trade.
Delayed monsoon withdrawal to benefit rabi sowing.
The delayed southwest monsoon withdrawal will benefit winter (rabi) crops like wheat and mustard, the sowing of which has kick started in pockets of Rajasthan. The sowing of rabi crops wheat, barley, gram, lentil, rapeseed, mustard and safflower normally begins from October through February and harvesting starts from March. The crop yields are dependent on soil moisture and its availability to support plant growth. Because of departure rains, there is adequate soil moisture in some state to begin rabi sowing. This year, the withdrawal of monsoon from most parts of India is almost a month behind the normal schedule of September 1. With favourable soil conditions, farmers in Rajasthan have already started planting the mustard crop and sowing of other rabi crops will begin in the coming weeks.
Govt source says tur, urad futures likely to make a comeback soon.
The government is likely to lift a decade-old ban on trading of futures contracts in urad and tur. Ministry of Consumer Affairs and NITI Aayog are in favour of allowing trading of urad and tur futures contracts. The government is also expected to give permission for the same soon and later a proposal in this regard would be sent to the SEBI (Securities and Exchange Board of India). Trading of futures contracts of these pulses will aid in price discovery and better realisation. Domestic prices of pulses have been under pressure following successive bumper harvests over the past few years.