On Thursday wheat price in Chicago reached the sky!!! Corn and soybeans prices increased a little.In Paris wheat also rose significantly followed by corn and rapeseed.
According to Statistics Canadа, as of June 29th 2017 farmers have sown record areas with canola and rapeseed. For first time the areas under canola cultivation exceed these of wheat.
Sunflower sowing, 2017-2018 crop, is practically over in Russia. 7.5 million hectares were sown. Initial forecasts were for 7.6 – 7.7 million hectares.
The wheat purchasing campaign of the state fund FCI is over. 30.8 million tonnes of wheat were purchased from local farmers, by 34% more that the previous season.
In 2017 – 2018 sunflower production in the ex-USSR countries will drop by 1.3 million tonnes, down to 26.23 million tonnes, that will be the second best result in history, according to Oil World.
According to estimate of Oil World, in 2017 – 2018 global production oil meals will reach the record 349.900 million tonnes, by 10.8 million tonnes more than in 2016 – 2017.
According to Oil World, in October - May 2016 – 2017 sunflower oil export from the three major exporters - Russia Ukraine and Argentina will be 6.17 million tonnes, by 1.3 million tonnes more than the previous year and an all time record high.
