In their latest forecast, the analysts of Conab raised their estimates for corn yield in Brazil in the current season up to 92.8 mln. tonnes, by 39.5% more than the previous year
According to Oil World, in April 2017, palm oil production in Malaysia rises to 1.5 mln. tonnes given 1.3 mln. tonnes a year earlier, against the backdrop of high yields in the oil plantations.
At the end of the last week, the authorities in the Chinese provinces of Heilongjiang and Liaoning, located in the country's corn belt, announced a decrease in the subsidies for corn producers and a rise for the soybean growers.
According to USDA analysts, global soybean yield will reach 344.7 mln. tonnes in 2017 - 2018 given 348.04 mln. tonnes in the current season, which is the second best result of all time.
According to new data of Oil World, during the period January - March 2017, the global export of rapeseed/canola rises by 36% up to 5 mln. tonnes compared to the previous year.
Brazil's National Supply Company Conab raised its forecast for the soybean production in Brazil for the current season from 110.2 mln. tonnes to 113 mln. tonnes.
