Grains And Oilseeds News In Brief

On 20.06.2017 Jordan has cancelled an auction for the purchase of 100,000 tonnes of mill wheat with optional origin.

In Egypt  the campaign for the purchase of wheat from farmers ended. This year the quantity of wheat purchased reached 3.4 million tonnes at planned 3.5 - 4.0 million tonnes.
As of 01.06.2017 grain stocks in Russia were 18.515 million tonnes, up by 31.4% from the previous year (+4.421 million tonnes).
Bangladesh has announced an auction for the purchase of 50,000 tonnes of wheat and 50,000 tonnes of rice.
According to a forecast of the Ministry of Health of Kazakhstan, the grain crop in the country in 2017 - 2018 will be 17-18 million tonnes at 20.6 million tonnes last year. Grain exports during the new season could reach 8.0 - 8.5 million tonnes.

In July 2017 soybeans imports in China will reach a record high level according to the USSEC forecast. Imports are expected to exceed the current record of 13.4 million tonnes in February 2012.
In the last week Australian white-grained wheat (protein 10.5%) rose sharply to 225-230 USD /tonne from 220-222 USD / tonne. The reason for the growth is the lack of rain in many places in the country.
Japan has announced an auction for the purchase of 135,800 tonnes of wheat from the United States, Canada and Australia.

In the past four years wheat production in Pakistan has declined as a result of the government policy in the sector. In 2017 25.75 million tonnes of wheat have been harvested in the country, which is 229,000 tonnes less than in 2013.
On 20.06.2017 Chinese authorities have auctioned the sale of 14,400 tonnes of wheat imported from crop 2013. Only 680 tonnes of wheat were sold at the auction at an average price of 366.31 USD / tonne.
As of 19.06.2017 In Argentina, 35% of the soybean-planned areas are planted, which exceeds the average level by 13%. Over the past week 17% of planned areas were planted.