On March 15, 2017 Egypt's state company GASC carried out an auction for the purchase of wheat and received a record number of offers. Wheat delivery is to be made between April 15 and April 25, 2017.
During the current year, American farmers will reduce corn and wheat areas at the expense of soybean. Soybean will be sowed on record high areas according to Allendale Inc.
According to USDA's March report, the estimate for oilseed yields in the Balck Sea region in 2016 – 2017 has been increased by 120,000 tons up to 26.811mln tons.
4.75 mln tons of wheat were imported in Brazil between August 2016 and February 2017 according to information from Trigo & Farinhas Consultancy. Import has increased by 59% versus the previous year.
