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.
AgRural reported that, as of March 9, 2017 56% of soybean areas in Brazil have been harvested, which is 4% higher than the previous year and 9% more than the average index for the past five years.
Oil World reported that 1.41 mln tons of rapeseed were exported from Canada in January 2017 – a record monthly level. Export was 0.62 mln tons in January 2016.
Japanese Ministry of Agriculture has announced a regular auction for the purchase of 146,455 tons of milling wheat from the USA and Canada to be delivered between April 21 and June 20, 2017.
