Grains And Oilseeds News In Brief

On June 16th 2017, the government of Chine held a tender for the sale of 2.144 million tonnes of corn from the state reserves.

Out off this quantity, 2,131 million tonnes are corn, national production, 2012 – 2013 crop, and 13,100 tonnes of imported corn,. 2011 - 2013 crop. 1,254 million tonnes of home-grown corn and 700 tonnes of imported corn were sold.

During the week June 6th - 13th the condition of grain crops in France is deteriorating. In good and excellent condition are 74% of the winter wheat crops (75% a week earlier and 75% a year earlier). In the case of hard wheat, in good and excellent condition are 62% of the crops (64% and 68%), 65% of the winter barley (66% and 73%), 73% of the spring barley (74% and 86% % (87% and 73%).

As of June 1st 2017 grain stocks in Kazakhstan amount to 6.539 million tonnes, incl. wheat 5.602 million tonnes.

In May 2017, in Russia, 408,700 tonnes of sunflower were realized, which is 58.5% more than in May 2016. As of June 1st 2017, stocks of this crop in the country reach 521,100 tonnes (+ 33,9%).

At least 20 ships are on a raid in the Paraná River in Argentina. A strike of port workers has blocked 21 ports in the region.

According to the forecast of Oil World, in 2017 - 2018, Australian canola crops will drop to 3.9 million tonnes given 4.4 million tonnes in the previous season. The forecast of USDA is for 3.7 million tonnes.

In 2017. Iran will keep wheat crops unchanged compared to the previous season  at 13.5 million tonnes, 25% more than the average for the past five years, according to the latest FAO forecast. Fodder production will reach 4 million tonnes (+0.1 million tonnes compared to the previous year). Rice crop will also grow by 100,000 tonnesup  to 2.6 million tonnes. Overall grain  production will be 20.1 million tonnes, which is by 0.2 million tonnes more than the previous year.