On January 22, 2017, Taiwan Millers Association purchased 102,850 tons of milling wheat to be delivered between April 19 and May 3, 2017. The price was 187.15 – 275.51 USD/ton FOB.
Weather conditions in Brazil are particularly favourable for grains growth this season. Corn yield will be 21 mln tons higher than last season while soybean yield will be 10 mln tons higher.
The Indian government is about to reintroduce an import tax on wheat, so that the country’s farmers are protected. The tax was lowered from 10% to 0% on December 8, 2017.
22.9 mln tons of grain were exported from Canada during the first 28 weeks of the season which started on August 1, 2017. This is 2% less than the corresponding period of the previous year, CGC reported.
Commodity Weather Group analysers predict that the unususally warm wether in USA's wheat belt will bring crops out of their hibernation within the next 10 days.
A Reuters research based on forecasts made by 18 analysis agencies corn production in Brazil will be 89.6 mln tons in 2016 - 2017, which is 34.7% more than the previous season when the yield was severely damaged by drought.
