US Inspected 1.242m Tons of Corn for Export, 975k of Soybeans In week ending Feb. 22, according to the USDA’s weekly inspections report. US Corn, Soybean, Wheat Inspections by Country: Feb. 22 Following is a summary of USDA inspections for week ending Feb. 22 of corn, soybeans and wheat for export, from the Grain Inspection, Packers …
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2023/24 Argentina Soy Rating Unchanged at 31% Good/Excellent
Rainfall last week and over the weekend in Argentina favored Cordoba, Santa Fe, and Entre Rios. The moisture declined again in La Pampa and Buenos Aires. Rainfall this week will again favor northern Argentina with dryer weather forecasted for southern Argentina. Approximately one-third of the early planted soybeans are filling pods and 20% of the …
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US biofuel credit prices hit 3-year low, expected to stay weak, EIA says
NEW YORK, Feb 27 (Reuters) – U.S. biomass-based diesel and ethanol compliance credit prices have slumped to three-year lows on declining feedstock costs and are set to stay low as renewbale diesel output rises, the Energy Information Administration (EIA) said on Tuesday. The slump in prices for the credits, known as Renewable Identification Numbers (RINs), …
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11:10#ECBOT:OIL-0.17,ML+1.8,SD+2.3SUNOIL:849.0/:NA(+1.0/:NA)= =0D=0ACASTOR:5731/5861(-38/-33)GUAR:5368/5414(+23/+15)COTCK:2665/2703(+35/+38)GLD:62209/62609SLR:70786/72222
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Ahead of new OMSS policy, flour millers in the North oppose uniform pricing
It leads to inconsistencies burdening the food subsidy system, discouraging millers from purchasing at harvest A group of flour millers under the aegis of North Indian Flour Millers Federation (NIFMF) has urged the government to review the current uniform pricing policy under the Open Market Sale Scheme (OMSS) as it has affected market efficiency and …
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Soybeans extend rebound as Brazil crop outlook assessed
Chicago soybeans rose for a second session on Tuesday to recover from a three-year low as a reduced forecast of Brazil’s ongoing harvest lent some support, though ample world supplies kept a lid on prices. Corn was up slightly, paring gains after touching its highest in almost two weeks to also move away from a …
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La Nina has developed more often than El Nino since 1997-98, says Australian weather firm
But the pattern connected to long-term climate oscillation could change With various global weather models forecasting that La Nina will set in around June this year, an Australian weather firm says La Nina conditions, which will likely emerge in the second half of 2024, have developed more often than El Nino since 1997-98. But things …
Gapki Indonesia Records 2023 CPO Production Rises 7.15%
The Indonesian Palm Oil Association (GAPKI) recorded that crude palm oil (CPO) production in 2023 reached 50.07 million tons, an increase of 7.15 percent from 2022 of 46.73 million tons. In addition, palm kernel oil (PKO) production reached 4.77 million tons, up 5.66 percent from 2022, which was 4.52 million tons. Chairman of GAPKI, Eddy …
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Amid farm stir, Centre to procure wheat early
NEW DELHI The Union government has issued instructions to states to start procurement of wheat at minimum support prices from March 1, earlier than usual, and transfer payments to farmers’ accounts within 48 hours, a top official said on Sunday. Early sowing in many regions and cool conducive weather have prompted the government to estimate …
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