According to July forecast of USDA, in 2017 – 2018 global corn production will reach 1,036 million tonnes by 5 million tonnes more than the June forecast and by 32 million tonnes less than in 2016 – 2017.
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.
