Vietnam has approved a rice stockpiling plan under which local firms will get soft loans to buy paddy from now to the end of April, a move that will tighten supplies in the world's No 2 exporter of the grain and help boost prices.
Soyabean spot basis bids were mostly steady in quiet trade at processors and elevators around the US Midwest on Monday as farmers were reluctant to sell crops, dealers said.
Increased global production of bioengineered crops has led to more incidents of low levels of bioengineered organisms, also known as genetically modified organisms or G.M.O.s, being detected in traded food and feed
Private importers in Morocco last week bought up to 400,000 tonnes of milling wheat from several origins, including Ukraine and Russia at the seller's option, European traders said.
FOB US Gulf grain basis values held on Tuesday on tight supplies and high freight costs given a long winter of logistical snarls moving commodities by barge and rail to export terminals, exporters said.
The US Department of Agriculture on Monday cut its estimate of US ending stocks of soyabeans but the reduction was less than analysts were expecting and futures fell sharply.
US soybeans fell nearly 1 percent on Monday, giving back much of the gains from the previous session as traders readied for the latest US Department of Agriculture report on production.
The European Union's wheat production should remain nearly unchanged in 2014/2015 as a rise in the area sown should offset lower yields, the European Commission said on Wednesday.
The U.S. Department of Agriculture in its March 10 World Agricultural Supply and Demand Estimates projected U.S. sugar carryover on Oct. 1, 2014, at 1,683,000 short tons, raw value, down 142,000 tons
The U.S. Department of Agriculture on March 10 forecast 2013-14 U.S. orange production at 7,368,000 tons (170 million boxes), down 25,000 tons from the prior forecast and down 12% from 8,349,000 tons in 2012-13.
Sales of freshly harvested soyabeans in Brazil have slowed in the past days, while farmers to try to gauge how much inclement weather since the start of the year has damaged output.
China's Minister of Agriculture Han Changfu said Thursday that the country will make "appropriate" use of the global grain market but its grain imports are unlikely to surge.
In its first outlook for the 2013-14 crop year, the London-based International Cocoa Organization forecast a 115,000-tonne global cocoa bean deficit, down from an upwardly-revised 2012-13 deficit of 174,000 tonnes.
Food Corporation of India (FCI) plans to raise up to 80 billion rupees ($1.29 billion) in government-guaranteed bonds through a private placement, according to a term sheet
COFCO has agreed to purchase 51 percent of Rotterdam-based grain trader Nidera BV for an undisclosed sum to further expand China's grain supply channel in South America.
