Grains And Oilseeds News In Brief

The South Korean KOKOPIA purchased 60,000 tonnes of corn of South American origin at price of 177.5 USD/mt, C&F for October 15th 2017 shipment.

During the season, South Africa will harvest a record crop of corn - 15.6 million tonnes, according to CEC data. For food supplies, 59% of the corn will be used. The harvest will be twice higher than last year.

57 million tonnes of soybeans are harvested in Argentina, and the campaign is practically over. Farmers avoid sales by expecting a rise in prices from January 2018.

As of June 27th 2017, harvest is completed on 54,000 hectares of grain crops in Russia (486,000 hectares in 2016), 229,000 tonnes of grain (2.1 million tonnes) are with an average yield of 4.24 mt / ha (4.36).

Iraq announced a tender for the purchase of at least 50,000 tonnes of hard wheat from the United States, Canada and Australia.