In October import of soybean to China is 5.86 million tonnes, by 28% less than in September. The figure is far below the market expectations, though by 12% above last year's figure – 5.21 million tonnes. There is a delay of shipments from the US.
According to the latest forecast of the National Bank of Australia, the wheat crop in the country in the new season will be 18.7 million tonnes, which is 2.8 million below the USDA forecast.
During the period November - December , 5 million tonnes of soybean will be exported from Brazil to China, double as much as last year's 2.49 million tonnes.
During the week ending on October 31, 2017 only 18,000 tonnes of soft wheat were exported from the EU. From the beginning of the season, 6.59 mln tonnes of soft wheat were exported from the EU,by 25% less yoy.
From the beginning of the season Russia has exported 2.2 million tonnes of barley, which is 64% more than last year. On the export list of the country barley ranks a second place with a share of 13%.
Corn harvest in the US lags behind schedule significantly. As of October 29, 2017 harvest is completed on 54% of the areas given 73% a year earlier and 72% on average for the last five years. 66% of the areas are in good and excellent condition at 74% a year earlier.
