Grain export from Russia may go down to 2.3 – 2.4 mln tons in February 2017 compared with 2.75 mln tons in Fabruary 2016, RusAgroTrans predicts. Preliminary data shows export was 2.45 mln tons, but levels are expected to drop.
In the week between January 13 and January 19, export wheat sales from the USA turned out to be the highest since the start of the season despite low expectations by analysts - 200 – 525,000 tons.
FAS USDA predicts that Turkey will increase wheat import up to 5 mln tons during the current season (June – July). Import went down to 4.382 mln tons of wheat in the previous season, which is much lower than usual. This was due to the record yield.
Brazilian farmers have harvested 4% of the first harvest corn fields. Harvest tempo in the beginning of the campaign is faster than the average for the past five years.
On January 25, 2017, Israeli importers carried out an auction for the purchase of 85,000 tons of corn, 40,000 tons of wheat fodder and 25,000 tons of barley fodder. 85,000 tons of corn were actually purchased at 179.71 USD/ton C&F in a May contract in Chicago + 0,84 USD/bushel.
Oil World reports that key grains import in China (wheat, corn, barley, sorghum) in December 2016 went down to 964,000 tons compared with 1.7 mln tons in December 2015.
Romania increased grain export to non-EU countries in November 2016, information from the European Commission. Export reached 735,000 tons of grain, which is 43% higher than November of 2015 while its value was +32% up to 125 mln Euro.
In its January report, Informa Economics Agency reduced its forecast for wheat fields in the USA in 2017 down to 45.8 mln acres with a forecast in December at 46.6 mln acres. USDA estimates areas of 48.5 mln acres.
