Analysts of USDA raised their estimates for the soybean crop in the world in 2017 – 2018 up to 345 million tonnes compared to 344.7 million tonnes in the previos forecast and 351.7 million tonnes in 2016 – 2017.
On Wednesday crop prices in Chicago sharply decreased. The leaders were wheat and corn. In Paris there were also decreases and the biggest were those of wheat.
During the period September - June 2016-2017 sunflower oil export from Ukraine is at record pace and reaches 4.9 million tonnes - by 30% more than the previous year.
According to Oil World's latest estimate, in 2017 – 2018 canola crop in Canada will fall to 19.8 million tonnes compared to previous forecast of 20 million tonnes.
On Tuesday soybeans and wheat prices in Chicago continued to rise but with moderate rate.Corn price remained stable.In Paris the prices of all crops went down.