According to July forecast of USDA, in 2017 – 2018 global corn production will reach 1,036 million tonnes by 5 million tonnes more than the June forecast and by 32 million tonnes less than in 2016 – 2017.
The French Ministry of Agriculture anticipates soft wheat crop in the new season to reach 36.2 million tonnes at average yield of 7.04 mt/ha and areas under cultivation in amount of 5.147 million hectares.
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.
