According to the latest Oil World forecast, soybeans yield in Argentina will reach 56 mln tons in 2017 – 2018 (+0.7 mln tons versus 2016 – 2017). The result will be lower than the 2015 – 2016 average – 60 mln tons.
Accoring to information from Oil World, in January and February 2017 soybeans import in key Asian buyers (China, Japan, South Korea and Thailand) grew to 14.34 mln tons versus 11.2 mln tons a year earlier.
Jordan has announced an auction for the purchase of 100,000 tons of milling wheat to be delivered in October or November. An auction for the purchase of 100,000 tons of barley fodder ahs been announced too, to be delivered in May or June.
Weekly export sales of American wheat (between March 17 and March 23) this time exceeded the market expectations, which were 250,00 – 450,000 tons. Sales were supported by the wheat decline in Chicago.
33.07 mln tons of grain were exported from Ukraine between the start of the season and March 29, 2017, which was 2.74 mln tons more than the same period of 2015 – 2016.
Ethanol stocks in the USA grew to 23.257 mln barrels in the past week, which is 0.662 mln barrels more than the previous week and reached the second highest level in history. The information came from the Ministry of Energy of the USA.
According to the latest estimates by the National Crop Estimates Committee, soybean yield in South Africa will reach the record 1.16 mln tons in 2017 – 2018 (+57% versus 2016 – 2017).
Spring crop sowing in Russia has been completed on 0.824 mln hectares as of March 30, 2017 or 1.6% of the plan. 0.892 mln hectares of spring crops had been sowed as of the same date in 2016. Areas sowed with grains have reached 0.613 mln hectares now (2% and 6.35).
Wheat import in India will keep a high level in 2017 – 2018 despite the introduction of an import tax. Stocks need to be completed following two years of weak yeilds.
