As of June 18th 2017, in the US, 96% of the planned areas are sown with soybeans, which is by 1% more than the previous year and 3% more than the average for the past five years. Plants have grown on 89% of the areas (88% and 84%). In good and excellent condition are 67% of the crops (66% and 73%). As of corn - in good and excellent condition are 67% of the crops (75% last year). Plants have grown on 98% of the areas (99% and 98%).
Egypt’s state-owned GASC announced a tender for the purchase of 30,000 tonnes of soybean oil for August 15th -30th shipment.
The Philippines National Statistical Office lowered its forecast for corn crops in the country. The yield will be 1.317 million tonnes, which is 0.02 million tonnes less than the May forecast, but 44.4% more than in 2016. Areas under corn cultivation will be 410,800 hectares (399,000) and yield of 3,29 mt/ ha (3,21).
