A group of Taiwanese companies MFIG should have already carried out a tender yesterday for the purchase of 130 000 tonnes of corn for October - November shipment.
The National Australia Bank lowered its forecast for the wheat crop in the country in 2017 – 2018 by another 600,000 tonnes down to 22.7 million tonnes.
Japan's Ministry of Agriculture announced a tender for the purchase of 147,400 tonnes of milling wheat of US, Canadian and Australian origin, for shipment 21.09 – 31.10.2017.
According to the Ministry of Agriculture of Rusia, grain export in the new season may reach 38 million tonnes. Wheat harvest is completed on 8.5 million hectares at average yield of 4.38 mt/ha (3.97 mt/ha a year earlier).
According to Trigo & Farinhas, in July505,000 tonnes of milling wheat were imported to Brazil, by 11% more that for the same perios in the previous year.
Analysts of Informa Economics decrease corn production in the US in 2017 – 2018 down to 351.8 million tonnes at July forecast of USDA - 362.1 million tonnes.
According to preliminary date from the customs authorities, from the beginning of the season until August 1, 2017, only 941,000 tonnes of soft wheat were exported from the EU given 2.6 million tonnes a year earlier.
