Author Archives: 919810285269

Soybeans slide as soyoil plummets; wheat, corn sag

* Wheat futures continue decline on profit-taking, hefty deliveries against May contract * The soy complex dragged down by soy oil futures * Corn ticked down on wheat weakness CHICAGO, April 30 (Reuters) – U.S. soybean futures fell nearly 2% on Tuesday as falling soyoil prices dragged down the soy complex amid weak demand, deliveries …

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Govt allocates 27 lakh tonnes sugar quota to mills for domestic sales in May

The government decides how much sugar to be sold in the domestic market every month and accordingly allocates quota for each mill The Centre has raised the monthly sugar quota to 27 lakh tonnes (lt) for May from 25 lt released for April, to meet the extra demand during election campaign. The current allocation for …

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Wheat procurement target exceeds Govt’s current annual requirement

Aims to buy 310 lakh tonnes in 2024-25 amid challenges in key States After procurement of wheat exceeded 196 lakh tonnes (lt) in current season, the government has said that it has surpassed the annual requirement of 186 lt for all welfare schemes including the National Food Security Act. However, the actual requirement was 225 …

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IMD sees pre-monsoon rain deficit in March-April at 13%

Almost all Southern States witness large deficiency in precipitation Thotapalli canal was dried up near Sativada village of Nellimarla mandal of Vizianagaram district with non release from reservoir and deficit rainfall. The pre-monsoon rains across the country during March-April saw a shortfall of 13 per cent with about 18 States witnessing a deficient to large …

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U.S. Corn 27% Planted vs. 22% Average, Soy 18% vs. 10% Average

U.S. corn was 27% planted as of Sunday compared to 23% last year and 22% average. This represents an advance of 15% for the week. Corn emergence was 7% compared to 5% last year and 4% average. U.S. soybeans were 18% planted compared to 16% last year and 10% average. This represents an advance of …

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US Inspected 1.226m Tons of Corn for Export, 250k of Soybeans

In week ending April 25, according to the USDA’s weekly inspections report. US Corn, Soybean, Wheat Inspections by Country: April 25 Following is a summary of USDA inspections for week ending April 25 of corn, soybeans and wheat for export, from the Grain Inspection, Packers and Stockyards Administration, known as GIPSA.