USDA: in 2017 – 2018 the global wheat crop will reach 743.2 million tonnes by 5.4 million tonnes more than the July estimate, but by 11.7 million tonnes less than in 2016 – 2017.
According to forecast of the Ukrainian Grains Association, in 2017 – 2018 46 – 47 million tonnes of grain and oil crops may be exported from the country given 47.5 million tonnes in 2016 – 2017.
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.
