The recent policies of the government affecting the pulses sector are betraying New Delhi’s chaotic thinking and knee-jerk reaction. First, as part of the agricultural market reform package, the government placed lentils outside the ambit of the law to intimidate other essential commodities such as oilseeds. The move sought to justify the removal of stock…
Changes in duty structures made by both Indonesia and India this week should provide a boost to demand in Palmyra, and have arrived “at the right moment,” easing concerns about oversupply in the second half of the year, according to market participants. The Indonesian government has announced a reduction in the ceiling rate on its…
Chicago corn futures fell 1.5% on Monday as rains eased traders’ worries about limited global distribution and put pressure on prices. Soybeans fell 1%, while strong Chinese demand saw lower losses, while wheat was lower. Tobin Corey, director of the Commonwealth Bank’s agricultural strategy, said: “Weekend rains in arid regions will reduce crop stress for…
Weather Forecasts Weight forecast for Chicago corn futures fell more than 1% on Thursday in some parts of the USA and soybeans fell to a two-month low. Wheat rose for the second session in a row. “Weather forecasters are constantly looking for rain and cold temperatures this weekend, while dry and hot weather prevails in…
The U .S. Biofuels Act so the Corn, Soydrop, Soy oil down for the Concerns about the need for fuel fodder fell by the daily trade limit last Friday. U.S. Forecasters forecast increased crop yields in some parts of the Midwestern and Northern Plains. The U.S. Environmental Protection Agency says it is considering ways to…
