The private broker company INTL FCStone projected a higher corn yield in Brazil of 91.5 mln tons, an increase from 91.1 mln tons. Soybean forecast has been increased too from 102.8 mln tons to 104.08 mln tons.
10% of the planned areas of second harvest corn in Brazilian state of Mato Grosso have been completed compared with 16% and 4.8% a year earlier. Area completion is projected at 33% of the plan next week.
Saudi Arabia announced an auction for the purchase of 1,5 mln tons of barley tobe delivered between March and May. 945,000 tons of barley were purchased at the previous auction at 177 – 192 USD/ton C&F to be delivered between January and March.
The European Commission projected lower corn stocks in the EU of 9.95 mln tons in the current season compared with 15.9 mln tons in the previous forecast. Stocks were 12.18 mln tons at the end of 2015 – 2016.
Wheat yield in Canada will be 29.1 mln tons in 2017 - 2018, Agriculture and Agri-Food Canada reports. Yield will be 2.6 lower than last year, but still this will be the fourth highest yield in the past 20 years.
