According to GNOIC, in the last weeks Chinese importers have concluded contracts for the purchase of 35,000 tonnes of palm oil for October - November shipment.
On Tuesday all crop prices in Chicago dropped led by the soybeans followed by the wheat and corn. In Paris the prices also declined led by the rapeseed, but the variations were not so big.
Analysts of MARS lowered their forecast for corn crops in 2017 in the EU in the latest report by 0.31 mt/ha down to 6.83 mt/ha given a yield of 7.07 mt/ha in 2016 and average yield of 6.88 mt/ha.
Algeria announced a tender for the purchase of at least 50,000 tonnes of milling wheat of optional origin and for October shipment. Egypt announced tender for the purchase of wheat as well.
Asian millers are concerned by the increase of global wheat prices, that rose by 30% in June, that leads to necessity of additional payments for previously contracted deals.
From the beginning of the season until July 19, 2017 1.101 million tonnes of grains are exported from the country, according to date of the Ministry of Agriculture.
