EUR/USD index rose to 1.1818. WTI crude oil rose to 47.07 USD/barrel.

Oil markets remain stable on Monday and to big extent preserve the significant growth. In addition, Baker Hughes, a petroleum service company, said that oil platforms in the US fell by 5 to 763. Traders say growth in the market is limited by rising US output, rising to more than 9.5 million barrels a day, the highest level since July 2015. However, this growth may slow down soon due to the drop in the number of active oil platforms.

Yesterday crop prices fell on all markets. The price of corn in Chicago dropped to the lowest level for almost a year. Production areas around the world, where many grains are produced, have so far caused problems to be quickly diminished. During the weekend, good rainfall fell in parts of Iowa and Minnesota.

In September US weather is expected to be much cooler than usual. Whether this will affect the crops- perhaps not or minimal. It can not be said that there will be early frosts that will soften corn and soybeans before they are ripe.
Pro Farmer's tour yesterday set an expected average yield of South Dakota corn of 154.35 bushels / acre at 166.87 bushels / acre in 2016 and a mean value of 164.39 bushels / acre for the past five years.

MARS increased its forecast for corn yield in the EU by 0.1 tonnes / ha to 6.93 tonnes / ha. Production yields in Ukraine were reduced by 0.17 tonnes / ha to 5.83 tonnes / ha below the five-year average but increased for Russia. Analysts report the high yields of wheat in Russia as a problem for the market. They are now estimated at 4.25 tonnes / ha at 3.82 tonnes / ha in 2016. Originally, forecasts for wheat crop in Russia were in the range of 67-68 million tonnes, now at 80 million tonnes, and some specialists also forecast 85 million tonnes.

Saudi Arabia has bought 490,000 tonnes of durum wheat with delivery from October to November at an average price of 218.19 USD / tonne C & F from the EU, North and South America and Australia. US durum wheat turns out to be the cheapest at an auction to buy 50,000 tonnes of wheat in Iraq. The price is 297 USD / tonne C & F. Good search but also very close offer prices. Currently, the prices of major suppliers worldwide are bundled and the competition is high. So far, the export from the Black Sea region is good, but this is so far. The Russian wheat crop is so great that it would hardly pass through the southern export route - the Black Sea. Exports through the Baltic countries have also increased.

In 2017 the sunflower crop in Turkey will reach a record of 1.65 million tonnes at 1.47 million tonnes last year and a record 1.6 million tonnes in 2013. In 2017 - 2018 the processing of sunflower in Turkey will be 2.03 million tonnes (1.87), the import will decrease to 550,000 tonnes (590,000) and the export will grow to 50,000 tonnes (47,000). This is definitely  bad news for the sunflower. Higher than last year are expected to be the crops in Ukraine and Russia. The market will be flooded again with sunflower.

Yesterday wheat futures in Chicago fell by 4 - 7 cents / bushel. Weekly US export controls for wheat are at 583,126 tonnes, up 13.98% more than last week and 8.49% more than last year. Harvest of spring wheat in the US is completed on 58% of the area. Taiwan purchased 98,850 tonnes of US wheat with delivery in October.

Soybeans futures declined yesterday in Chicago by 5 cents / bushel. In good and excellent condition, 60% of the soybeans crops are at 59% a week earlier and 72% a year earlier. The weekly US soybeans export controls are at 665,283 tonnes (+ 12.64% and -29.75%). USDA reported an export sale of 198.00 tonnes of soybean to China and another 463,000 tonnes for an unknown destination. These sales are perceived by the market as a known business given China-US agreements.

Yesterday corn futures in Chicago fell by 2 to 3 cents / bushel. In good and excellent condition are 62% (62% and 75%) of the US corn crops. Weekly export sales of US corn are at 391,442 tonnes (-9.18% and -45.97%). Taiwan is looking to buy 130,000 tonnes of US corn with delivery from October to November.

Price decreases on the markets continue. The prices of all competitors in all crops are very close to a few exceptions. Everyone is trying to sell, because the stocks depress him.