Grain Highlights

Grain Highlights

In October import of soybean to China is 5.86 million tonnes, by 28% less than in September. The figure is far below the market expectations, though by 12% above last year's figure – 5.21 million tonnes. There is a delay of shipments from the US.

Grain Highlights

According to the latest forecast of the National Bank of Australia, the wheat crop in the country in the new season will be 18.7 million tonnes, which is 2.8 million below the USDA forecast.

Grain Highlights

As of November 3, 2017in Ukraine, 11.2 million tonnes of sunflower were jharvested on 5.7million hectares (96%).

Grain Highlights

During the period November - December , 5 million tonnes of soybean will be exported from Brazil to China, double as much as last year's 2.49 million tonnes.

Grain Highlights

During the week ending on October 31, 2017 only 18,000 tonnes of soft wheat were exported from the EU. From the beginning of the season, 6.59 mln tonnes of soft wheat were exported from the EU,by 25% less yoy.

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.