Now 27% of the new crop (26% a week earlier) of soft wheat has a protein content requirement of 11.5-12%, 31% (32%) with protein content 12-12.5%, 24% (24%) with protein content 12.5 - 13% and 10% (10%) with protein content above 13%. About 84% of the crop (84%) has a falling number over 240 seconds. About 74% of the crop (69%) has a relative weight of over 76 - 80 mt /m3
Iran plans to purchase 200,000 tonnes of soybean meal from Argentina or Brazil. Requirement is offered prices to be in EUR.
Malaysian analysts expect growth in ending stocks of palm oil in the country to 2 million tones due to large production. At the end of August, the transitional stocks were 1.9 million tonnes, which is 6.5% more than in July, and a high since March 2016. In August, export growth was 1.6% to 1.42 million tonnes.
Ethiopia held an auction for the purchase of 70,000 tonnes of wheat. The lowest price is 275.55 USD / mt, C & F, but only for 10,000 tonnes of wheat. Despite the offers, Ethiopia canceled the auction.
Jordan announced a tender for the import of 100,000 tonnes of hard wheat of optional origin.
Bangladesh approved import of 200,000 tonnes of Russian wheat at price of 252 USD / mt, C & F. There were offers from Ukraine, USA and Australia in the price range of 252 - 256 USD / mt. Now there are 443,000 tonnes of wheat in Bangladesh's state repositories.
The European Commission adopted a decision to reduce import duty on Argentina's biodiesel to 4.5 - 8.1%, which will enter into force on September 28, 2017. From November 2013 the import duty is increased to 22-25.7%.
According to the FAO forecast, in 2017 - 2018, global grain production will reach 2.611 billion tonnes, which is 18.4 million tonnes more than the previous forecast. Crop of wheat will reach 748.8 million tonnes, which is 1.2% more than the previous month.