Grains And Oilseeds News In Brief

According to forecast of the Association of soybean and corn producers in Brazil, soybean yields in the state of Mato Grosso in 2016-2017 will reach 10% of the total crop, while in 2017 – 2018 it will reach 15%.

Reason for the growth is the big premium of its price compared to that of genetically modified soybean. So far, the share of genetically modified soybean is 96% of Brazil's total soybean  crop.

According to the latest FAS USDA forecast, in 2017 - 2018, wheat import into Indonesia will reach 9.45 million tonnes. In the current season, import is down to 9 million tonnes, and in 2015-2016 it was at a record level of 10.1 million tons.

According to data of the Buenos Aires Grain Exchange, last week the harvest of soybeans in Argentina was completed on 5.9% of the areas and 85.5% from the start of the campaign. . Approximately 50 million tonnes of soybean have been harvested, given a forecast for the entire season of 57.5 million tonnes.