Grain And Oilseeds News in Brief

Iraq purchased 50,000 tonnes of Australian wheat at 312.5 USD/mt, C&F.

Traders offered US wheat at price of 302.2 - 307.2 USD / mt, C&F. The cheapest offer was at price of 299.19 USD / mt,  C&F. However, preference is given to Australian wheat. There was no offer on the part of Canada.

In June, Brazil exported 1.39 million tonnes of soybean meal at 1.63 million tonnes in May. Compared to June 2016, 11% less soybean meal is exported.  From the beginning of the current season (September to June), until now, Brazil exported 11.13 million tonnes of soybean meal compared to 13.1 million tonnes for the same period in 2015-2016. Growth is in supplies to South Korea and Thailand. The top buyer of the product - the EU reduces import by 1.4 million tonnes to 5.87 million tonnes.