Grains And Oilseeds News in Brief

For the first 8 months of 2017 GASC import to Egypt rose by 230% compared to the same period last year and amounts to 5.58 million tonnes.

Authorities are trying to fill the wheat deficit in the country after stopping import by private companies. Plans are for import of 7 million tonnes of wheat in 2017-2018, at 6 million tonnes in 2016-2017.

According to the Soybean & Corn Advisor, soybean sowing in Brazil should start on September 10, 2017. Farmers are likely to expand crops by 2.5% over the previous year to 34.7 million hectares (33.9). It is estimated that the soybean crop in 2017 - 2018 will reach 109 million tonnes at 114 million tonnes in 2016-2017.

According to Oil World, the first results of Canada's harvesting campaign show low yields. According to Statistics Canada's forecast, the crop will drop by 18% (-1.4 million tonnes from the previous year) to 18.2 million tonnes. Areas under canola cultivation rose 14% to a record of 9.24 million hectares. There was also a significant decrease in wheat production - by 6.2 million tonnes to the lowest level in the last three years - 25.5 million tonnes. Average wheat yield drops to 2.86 mt/ ha (3.57).

Japan purchased 38,400 tonnes of feed wheat and 31,840 tonnes of feed barley for shipment by the end of February 2018. A new tender for the purchase of 120,000 tonnes of forage wheat and 200,000 tons of forage barley has been announced.

FAS USDA forecasts growth of wheat production in Poland in 2017-2018. by 7.5%. The grain crop will reach 31.9 million tonnes.

Analysts predict an increase in ending palm oil stocks for the season of 2 million tonnes due to large production. At the end of August, transient stocks reached 1.9 million tonnes, which is 6.5% more than in July, and is a peak in March 2016. In August, the export of the product grew by 1.6% to 1.42 million tonnes.