Mid Session
Prev Next
As on Mar 23, 2017 12:00 AM Your results on : Mid Session    
Economic Buzz: UK Retail Sales Grow 1.4% On Month In February
23-Mar-2017 (15:11)
Commodities Buzz: USDA Estimates 2 percent Rise In Russia's Total Oilseeds's Crop in MY 2017/18
23-Mar-2017 (15:01)

As per the latest release by United States Department of Agriculture (USDA), Russia's 2017 production for the three major Russian oilseed crops (sunflowerseed, soybeans, and rapeseed) at 15.3 million metric tons (MMT), a two percent increase from the crop last year. This forecast includes 11.0 MMT of sunflowerseed, a one percent increase from last year, 3.2 MMT of soybeans, a 2 percent increase from last year, and 1.1 MMT of rapeseed, a 10 percent increase from last year. The forecast summary for MY 2017/18 is provided below in Table 1. In the last five years Russia has also increased production of niche oilseed crops, such as oil flax, Camelina, and safflower. In 2016, the total crop of these three oilseeds reached 1 MMT, and FAS/Moscow forecasts the same volume of production for these three crops in 2017. Thus, Russia's total production of oilseeds in MY 2017/18 may reach 16.3 MMT.

USDA forecast sunflowerseed production at 11.0 MMT. This forecast is based on an assumption that the average yield for sunflowerseed (in clean weight) will be, in accordance with the trend line, at approximately 1.54 MT/HA (compared with 1.51 MT/HA in 2016). FAS/Moscow forecasts that sunflowerseed planted area will be 7.4 million hectares, and harvested area will be 7.15 million hectares, almost the same as in 2016. In MY 2016/17, sunflowerseed was harvested from 7.2 million hectares. The FAS/Moscow forecast assumes that, as happened in the previous years, farmers will commit more area to sunflowerseed than the Ministry of Agriculture recommends and/or plans.

Russian area sown to soybeans will continue grow and may reach 2.3 million hectares (slightly higher than the Ministry of Agriculture plans of 2.25 million hectares). This will result in a total of 2.2 million hectares of harvested area. However, yield progress is not forecast. Based on the trend line, the average yield of soybeans will be at best, 1.45 MT/HA. Given normal weather conditions, FAS/Moscow forecasts the soybean crop in MY 2017/18 at 3.2 MMT, three percent higher than in 2016.

USDA forecasts that the MY 2017/18 rapeseed crop will recover to 1.1 MMT, a ten percent increase y-o-y. This forecast is based on the assumption that the area sown to winter rapeseed will increase slightly. Given normal weather conditions and the increase in winter rapeseed, total rapeseed production will increase. Note, yields for winter rapeseed are 70-80 percent higher on average than spring rapeseed yields.

Powered by Commodity Insights

Commodities Buzz: USDA Estimates 5 mIllion Tonnes Decline In China's Corn Production In MY 2016/17
23-Mar-2017 (14:43)
Commodities Buzz:USDA Estimates 1.03 percent Decline In China's Wheat Production In MY 2016/17
23-Mar-2017 (14:38)
Commodities Buzz: Columbia Steel Exports Fall in January 2017
23-Mar-2017 (13:59)
Commodities Buzz: Vietnam Steel Imports Improve in February by 17.6%
23-Mar-2017 (13:48)
International Prices Of Imported Edible Oil At Domestic Ports As On 23rd March 2017
23-Mar-2017 (13:30)
Economic Buzz: German GfK Consumer Sentiment Set To Fall In April
23-Mar-2017 (13:13)
Indian Rupee: Strengthens In Early Trades Vs Dollar
23-Mar-2017 (10:21)
Commodities Buzz: Global Copper Supply in Surplus of 17000 Tonnes in December 2016
22-Mar-2017 (15:32)
Economic Buzz: Eurozone Current Account Surplus Dips To 15-month low In January
22-Mar-2017 (15:11)
Commodities Buzz: Global Stainless Steel Production Increases in Q4 2016
22-Mar-2017 (13:47)
Commodities Buzz: China Iron Ore Price Index Drops 2.15% on March 21st
22-Mar-2017 (13:44)
International Prices Of Imported Edible Oil At Domestic Ports As On 22nd March 2017
22-Mar-2017 (13:08)
Connect with us :   
About us
Our Services
Core Values
Investor Relations
Product & Services
Institutional Broking
Clearing Services
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Back Office
Back Office
KYC/KDC Status
Mutual Fund
RMS Policy
Download Forms
Useful Links
Exchange Holidays
Policies, Procedures, Rights, Obligations and RDD
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language
In case of any grievances pleae write to / (For Trading) (For DP) (For PMS) (For Commodities)
SEBI Regn. No. NSE.:INB/INF/INE 230663732, TM No.:06637, Clearing No.- M50302 | SEBI Regn. No. BSE.:INB/INF/INE 010663731, Clearing No.- 3179 | SEBI Regn No. MSEI :INB/F 260663738, INE 260663732, TM Code-1004, Clearing Member Code- 4 | USE SEBI Regn no. - INE 270663732 , CM code: 06637 | SEBI Regn for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | Research Analysts Regn No. INH100001187 | PMS Regn No. INP000002361
* Through subsidiary Globe Commodities Ltd. --> Commodity Membership No.: NCDEX- FMC Regn. No. NCDEX/TCM/CORP/0004, TM Code-00012 | MCX- FMC Regn. No. MCX/TCM/CORP/0628, CM Code-8550 | ICEX- FMC Regn. No. ICEX/TCM/CORP/0011, TM Code- 1009 | NMCE- FMC Regn. No. NMCE/TCM/CORP/0018, TM Code-CL0111 | ACE - FMC Registration no.- ACEL/TCM/CORP/0163, TM code- 4001 | UCX FMC Regn. No.: UCX/TCM?CORP/0014, TM Code- 10014 | NCDEX Spot Exchange Membership no.- NCDEXSPOT-CR-07-10011
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by C-MOTS Infotech (ISO 9001:2008 Certified) Privacy Policy Disclaimer Terms and Conditions