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Cotton Prices Fell Due To Slow Milling Demand And Low Global Yarn Demand

Cotton candy prices experienced a marginal decline of -0.38%, settling at 57140, influenced by sluggish milling demand amidst muted yarn demand in the global market. Prospects of a better crop in countries like Australia added further pressure to prices. However, the downside remained limited as India continued to witness strong demand for cotton from buyers in nations …

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Rising US soybean crush set to face off with Argentine supplies into 2025

NAPERVILLE, Illinois, May 15 (Reuters) – U.S. soybean meal exports are predicted to notch a third consecutive record in the upcoming 2024-25 marketing year despite the recovery of top meal exporter Argentina from last year’s apocalyptic soybean harvest. Additionally, recent expansion in U.S. soybean processing has facilitated the boom in meal exports, but the shipment …

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India monsoon rains to arrive on May 31, to boost crop output

NEW DELHI/MUMBAI, May 15 (Reuters) – India’s monsoon is forecast to hit the Kerala coast in the southwest on May 31, the state-run weather office said on Wednesday, offering relief to farmers after below average rainfall last year. The monsoon, the lifeblood of the country’s $3.5 trillion economy, delivers nearly 70% of the rain that …

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2023/24 Argentina Soy 48% Harvested, Potential Frost Problem

Rainfall last week favored the central and eastern areas and the forecast is calling for rain this week in northeastern Argentina. The forecast is also calling for the potential of frost in the mountainous areas of the west and localized frosts in much of the central and southern agricultural areas. Even if it is not …

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U.S. Corn 49% Planted vs. 54% Average, Soy 35% vs. 34% Average

Corn Planted – The 2024 U.S. corn was 49% planted as of Sunday compared to 60% last year and 54% average. This represents an advance of 13% for the week. Corn was 23% emerged compared to 25% last year and 21% average. Corn planting remained slightly behind the average pace with some of the biggest …

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2023/24 Brazil Soybean Estimate Unchanged at 147.0 Million Tons

Rio Grande do Sul – Soybean production in the state of Rio Grande do Sul is the last big unknown for the 2023/24 soybean crop in Brazil. Prior to the heavy rains and flooding, the soybeans were satisfactory with an estimated statewide yield of 3,000 kg/ha (44.7 bu/ac), but that has now changed with about …

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Indian Edible Oil Imports: April Surge Amidst Overall Decline Sets New Trends

Despite an 11.65% decline in the first half of the 2023-24 oil year, April witnessed a remarkable 27.67% surge in Indian edible oil imports, driven by favorable price trends. Palm oil imports decreased, while soyabean and sunflower oil imports fluctuated, with major suppliers including Indonesia, Malaysia, and Russia. Highlights Decline in Edible Oil Imports: India’s …

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