Weekly export sales of US wheat, 2017 crop exceeded the most optimistic market expectations(300,000 – 500,000 tonnes). Weekly sales reached 542,900 tonnes, while export amounted to 717,800 tonnes.
In the current season Great Britain will turn to a net wheat importer from net wheat exporter - a scenario that happened only 4 times for the last 25 years.
The authorities in Indonesia will keep the palm oil export duty at 0%, The zero rate has been in force since May 2017, and it could rise in case of oil price of over 750 USD/mt.
On Wednesday wheat and soybeans prices in Chicago went down significantly. Corn ended the trade with slight decrease. In Paris rapeseed and wheat prices declined and corn went up.
Oil World's analysts raised their forecast for rapeseed yield in the EU countries for 2017-2018 by 0.4 million tonnes up to 21.4 million tonnes - a second minimal result for the last four months.
According to estimates of large oil producers in Indonesia, at the end of May palm oils stocks in the country decrease to 1.09 million tonnes, given 1.31 million tonnes a month earlier.
