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.
Grain stocks in Russia were 35.247 mln tons on February 17, 2017, which was 11.3% more than the February 1, 2017 amount or +3.587 mln tons, Rossat reported.
On 17.02.2017 Egypt bought 360,000 tons of Russian, Ukrainian and Romanian wheat to be delivered between March 16 and March 26 at FOB 195.0 – 197.0 USD/ton.
Indian farmers will harvest 271.98 mln tons of grain in the new season. The result will be higher than the previous record of 265.04 mln tons set in 2013 – 2014. The forecast comes from the country’s Ministry of Agriculture.
