Corn harvest in the US lags behind schedule significantly. As of October 29, 2017 harvest is completed on 54% of the areas given 73% a year earlier and 72% on average for the last five years. 66% of the areas are in good and excellent condition at 74% a year earlier.
COCERAL lowered their forecast for soft wheat production in the EU in 2017/18 compared to the September forecast by 1 million tonnes to 141.121 million tonnes, however it isby 4.1% more than the 2016 crop.
Iraq purchased 50,000 tonnes of US hard wheat at 299 USD/mt, C&F. Australian and Canadian wheat were offered at the auction as well, at 301.27 USD/mt, C&F the first and at 304.96 USD/mt, C&F the latter.