According to a research of the Agroeconomic Institute in the Brazilian state Matto Grosso IMEA, in the current season corn crop in the state will reach 30.45 million tonnes, which is 59% more than the crop in 2015 – 2016.
On Thursday wheat and corn prices in Chicago went down. Soybeans however remained stable. In Paris rapeseed sharply decreased followed by wheat and corn.
Analysts from Abiove forecast a record high volume of the export of soybeans in 2018г. – 65 million tonnes, despite of the expected drop of the production by -4.65% to 108.5 million tonnes in 2017 – 2018.
In September - October India will receive 800,000 tonnes of wheat from the Black Sea region. Indian millers are in a hurry to fill their stocks at low prices having into account the not so good quality of the domestic wheat.
