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 $3.5 trillion economy, delivers nearly 70% of the rain that …
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Rainfall last week favored the central and eastern areas and the forecast is calling for rain this week in northeastern Argentina. The forecast is also calling for the potential of frost in the mountainous areas of the west and localized frosts in much of the central and southern agricultural areas. Even if it is not …
Continue reading “2023/24 Argentina Soy 48% Harvested, Potential Frost Problem”
Corn Planted – The 2024 U.S. corn was 49% planted as of Sunday compared to 60% last year and 54% average. This represents an advance of 13% for the week. Corn was 23% emerged compared to 25% last year and 21% average. Corn planting remained slightly behind the average pace with some of the biggest …
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Rio Grande do Sul – Soybean production in the state of Rio Grande do Sul is the last big unknown for the 2023/24 soybean crop in Brazil. Prior to the heavy rains and flooding, the soybeans were satisfactory with an estimated statewide yield of 3,000 kg/ha (44.7 bu/ac), but that has now changed with about …
Continue reading “2023/24 Brazil Soybean Estimate Unchanged at 147.0 Million Tons”
Despite an 11.65% decline in the first half of the 2023-24 oil year, April witnessed a remarkable 27.67% surge in Indian edible oil imports, driven by favorable price trends. Palm oil imports decreased, while soyabean and sunflower oil imports fluctuated, with major suppliers including Indonesia, Malaysia, and Russia. Highlights Decline in Edible Oil Imports: India’s …
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Malaysia Palm:Jun 857.5$-2.5Jas 852.5-5Ond 860-2.5
Midday Market CloseBmd : Aug 3820 (-35)H 3870 / L 3815Vol : 30,093 OlnJun 857.5 vsJas 852.5 vs 847.5Ond 860 vs 855Jfm 877.5 vs 870 Rbdpo: -5 Strn: Jun 885 (deld)Pfad: Jun 815 (deld) Local Cpo: May 3890 Laurics: Jun 289 (pk) / 290 (pg)Rbdpko: Jun 1140Rbdpkoln: Jun 1080Rbdpks : Jun 1280 Sbo :Jul 4361 …
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INR 83.46-0.04EUR 1.0887POUND 1.2690JPY 153.93CHF 0.9001AUD 0.6695CNY 7.21Gold 2389.24Silver 29.582BRENT CRUDE 83.12DOLLEX 104.17413M USD SOFR 5.329336M USD SOFR 5.295731Y USD SOFR 5.1564Range for the day: 83.30 – 83.55The domestic currency opens marginally stronger and trade with an appreciative bias owing to a weaker dollar amidst the release of softer US economic data. The US inflation …