The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Saturday, June 10, bought 360,000 tonnes of wheat from Russia (240,000 tonnes) and Romania (120,000 tonnes) for July 10-20 delivery:
In the new season winter grain crops yield in Spain will decrease to 14.025 mln tonnes or by 27% compared to 2016 – 2017 according to FAS USDA latest forecast.
In April 2017, 1.395 mln tonnes of wheat were exported from France, the highest level for the current season. April 2016 export figure was by 43% lower.
According to FAO's latest forecast, in 2017 – 2018 global grain demand will slightly lag behind supply, which will support stocks close to the record levels.
Brazil increased bioethanol import over 6 times in May, compared to the same month in 2016, up to 248 mln liters. Compared to April export rises by 122%.
On June 7th, 2017 Algeria purchased 450 000 – 480 000 tonnes of wheat at price of 197.25 – 199.5 USD/mt, C&F. Most likely the wheat originates from France.
The significant decline of oil crops' prices lowers the producers' margin, which will significantly influence the balance of the cultivated areas in the new season, according to forecast of Oil World.
