According to Rusagrotrans, in August, Russia exported 4.84 млmillion tonnes оf grain, a new monthly record and exceeds the previous August 2014 record of 4.64 million tonnes.
In its September report, Strategie Grains raised its estimate for soft wheat in the EU in 2017 by 1.5 million tonnes to 142.5 million tonnes, by 4.7% more than the previous year.
On Wednesday soybeans price in Chicago rose significantly followed by wheat. Corn remained unchanged. In Paris rapeseed and wheat went up and corn remained unchanged.
In its September report USDA raised global wheat production in 2017 – 2018 up to 744.8 м million tonnes (+1 million tonnes compared to the previos forecast and by -8.5 million tonnes compared to the previous year.)
In its September report USDA lowered its forecast on global corn production in 2017-2018 by 1 million tonnes compared to the August forecast to 1.032 billion tonnes and given 1.071 billion tonnes in 2016 – 201.
According to the September report of USDA, global production of soybean in 2017 – 2018 will reach 348.4 million tonnes by 1 million tonnes over the August forecast but by 3 million tonnes below the 2016-2017 figure.
