Grain Highlights

Grain Highlights

From the beginning of the season Russia has exported 2.2 million tonnes of barley, which is 64% more than last year. On the export list of the country barley ranks a second place with a share of 13%.

Grain Highlights

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.

Grain Highlights

According to FAS USDA forecast, wheat crop in Argentina is lowered to 16.8 million tonnes, by 0.7 million tonnes less than the official USDA forecast.

October IGC report highlights

IGC left unchanged its forecast for global wheat production in 2017/18 at 748 million tonnes, by 0.8% less than a year earlier.

Grain Highlights

For the first time form 2004, the Chinese authorities will lower the state prices for wheat. In 2018 price will be 246 USD/mt, by 2.5% less than 2017.

Grain Highlights

Saudi Arabia announced a tender for the purchase of 475,000 tonnes of hard wheat with protein content of at least 12.5% for December - January shipment.

Grain Highlights

According to analyst from Malaysia, in January 2018, the Malaysian palm oil will reach a price of 800 USD/mt, C&F Rotterdam.

Grain Highlights

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.

Grain Highlights

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.

Grain Highlights

According to latest forecast of FAS USDA, in 2017 – 2018, wheat crop in Australia will reach 20 million tonnes, by 40% less than in 2016 – 2017 when a record of 35 million tonnes was set.