Harvest campaign in the EU shows diverse yields and quality of the grains. There are good indicators in Southeast Europe while in Germany rainfall had damaging impact.
According to the Brazilian trade company Zeni, in 2017, wheat crop may fall to 5.58 million tonnes at 6.73 million tonnes a year earlier. Reduction is due to decreased cultivated areas and yields.
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.
