According to government information from Egypt, wheat stocks in the country are sufficient to meet domestic demand in the next 2.6 months. Currently a purchase campaign is carried out in the country for buying up the crop from local farmers. Thus stocks will rise to an acceptable level. Up to now, 3.7- 3.8 million tonnes of wheat have been purchased according to plan targeting from 4 to 4.5 million tonnes for the entire season. The campaign will end on 15.07.2017.
A group of private Israeli companies have announced a tender for the purchase of 100 000 tonnes of corn, 45 000 tonnes of forage wheat and 30 000 tonnes of forage barley of optional origin , to be delivered from June to August.
Argentinian farmers are not in a hurry to sell their new soybean crop against the backdrop of low prices. Only 500 000 tonnes of soybean were sold during the week and only 9% of the new yield by the beginning of the week. The old crop is sold at 84%. The harvest flows slowly - so far only 16% of the areas.
On 21.04.2017 South Korea's KFA carried out a tender for the purchase of 130 000 tonnes of corn of optional origin. 60 000 tonnes of corn were actually bought at a price of 184.98 USD/mt, C&F.
According to USDA forecast, which coincides with the forecast of local analysts, during the current season Paraguay will collect the maximum soybean yield for its entire history - 10.1 million tonnes. The country's Ministry of Health expects a yield of 11 million tonness. The average soybean yield will be higher than in Brazil.