According to USDA, weekly export sales of corn form the US (week until June 29th, 2017) dropped to 3 years low against the backdrop of major competition on the part of Brazil and Argentina.
In the new economic year 2017-2018 (starting in July) 37 million tonnes of grain will be exported from Russia given an export potential of 40 million tonnes, according to Rusagrotrans.
Winter barley crop in the EU will reach 58 million tonnes, by 1.6 million tonnes less then the May forecast and by 2 million tonnes less the the 2016 crop.
As of June 7th 2017, in Russia harvest is completed on 33,400 hectares given 2.2 million hectares in 2016, 4.1 million tonnes of grain are harvested (9.6) given an average yield of 4.44 mt/ha(4.33).
