News In Brief

The government of China has won at an auction 459,232 tons of wheat at 364.03 USD/ton. The volume offered at the auction was 2.6 mln tons.

India has introduced a 10% import tax on wheat.

According to USDA, 37% of winter wheat areas in Oklahoma are in good or excellent condition versus 40% a week earlier. High drought level has affected 81% of the areas in the state with the drought level being very high in 46% of the areas. Dorught conditions remain in Kansas with 38% of the winter wheat areas (38) are in good or excellent condition; the numbers for Texas are 34% (34%). We should mention the fact that rain in the USA started at the end of last week and its effect will be evident in the weeks to follow.

On March 23, 2017 Algeria purchased 25,000 tons of corn at 199 – 199.5 USD/ton C&F. The delivery will most likely be from Argentina.

According to information from AgRural, as of March 27, 2017, 68% of soybean areas in Brazil have been harvested, which is +1% more than the average annual level. The harvest in Mato Grosso de Sul has been completed and is about to finish in Mato Grosso and Goias.

Jordan has announced an auction for the purchase of 100,000 tons of barley fodder of random origin and a delivery between May 1 and June 30, 2017.