Grains And Oilseeds in Brief

Jordan announced a tender for the purchase of 100,000 tonnes of hard milling wheat. A tender for the purchase of 100,000 \tonnes of feed barley is announced as well.

Indonesian millers purchased 25,000 tonnes of hard spring wheat from Canada in the last days for November shipment, at price of 320-325 USD/mt, C & F. Australia already offers wheat, new crop with protein content of 10.5% at  price of 240-245 USD / mt, C & F, on the Asian market . Black Sea wheat is available in Asian ports that can accept ships, PANAMAX class at 215 / mt, C & F.

 

Iraq plans another purchase of 50,000 tonnes of wheat from the United States and Australia.

 

Saudi Arabia purchased 660,000 tonnes of feed barley of optional origin and October shipmet at prices of 198.24 - 211.81 USD / mt, C & F.

 

According to the Buenos Aires Grain Exchange, as of 8.08.2017, wheat sowing in Argentina is completed up to 98% of the plan. up to date, 74% of the crops are in good condition, 16% in satisfactory and 7% excellent.

 

According to Oil World, in July 2017, palm oil production in Malaysia reached 1.83 million tonnes at 1.59 million tonnes in July 2016. The result is also 3% more than June 2017. In the June-July period, production reached 3.34 million tonnes (+ 7% over the previous year). The export of the product in July is below expectations - 1.4 million tonnes. Deliveries to India and China are down due to high competition from Indonesia.

 

According to official data from Brazil, from the beginning of 2017 until 14.08.2017. The country exported 53.37 million tonnes of soybeans, which is 3.5% more than the same period in 2016. The record was set in 2015. - 54.3 million tonnes.