Corn cost price is higher than that of soybeans. For this reason, soybeans are a major crop for farmers. In the new season, the corn areas are increasing due to drop in soybean price. With corn, even uncultivated land will be sown - 400,000 hectares. In 2017 - 2018, corn crop will be 46 million tonnes at 40 million tonnes in 2016-2017.
In September, Malaysia will leave the palm oil export duty of 5.5% unchanged. In August the duty was lowered from 6.5% to 5.5%.
In 2017 - 2018 soybean areas in Russia will be at record high - 2.6 million hectares, which is 16.9% more than the previous season. In the new season, soybean supply in the country will be at record high - 5.7 million tonnes (+ 6.1%). Soybean processing will also be at record high - 4.6 million tonnes (4.3).