USDA: in 2017 – 2018 the global wheat crop will reach 743.2 million tonnes by 5.4 million tonnes more than the July estimate, but by 11.7 million tonnes less than in 2016 – 2017.
USDA raised its forecast for the global soybean crop in 2017-2018, by 2 million tonnes to 347.36 million tonnes, by 4.34 million tonnes more than in the current season.
According to forecast of the Ukrainian Grains Association, in 2017 – 2018 46 – 47 million tonnes of grain and oil crops may be exported from the country given 47.5 million tonnes in 2016 – 2017.
On Thursday crop prices in Chicago collapsed after the USDA August report was published. The biggest decline was for the soybeans. In Paris prices also went down led by the rapeseed.
Harvest campaign in the EU shows diverse yields and quality of the grains. There are good indicators in Southeast Europe while in Germany rainfall had damaging impact.
