100,000 of tons milling wheat from the USA at 173.53 – 254 USD/ton to be delivered between June 1 and July 5, 2017 were bought by South Korean companies at an auction on January 19, 2017.
Russian Ministry of Agriculture increased its forecast for grain export which is now estimated between 35 and 37 mln tons compared with exactly 35 mln tons in the previous forecast. Between the season start and January 18, 2017, 21,28 mln tons of grain were exported from the country compared with 21,344 mln tons a year earlier.
Ethanol import in China reached 124,823 cubic metres in December, which is 31% lower than December 2015. The decrease is due to the increase in domestic production following the drop in corn prices on the domestic market.
The Philippines will increase the production of all main grans in the first half of the current year, including rice by +11,7% up to 3,71 mln tons, corn by +29,9% up to 3,67 mln tons thanks to the increase of area and crops.
On January 14, 2017 (Saturday), Egypt's National Company GASC started an auction for wheat purchase, at which 235,000 tons of wheat were bought from Russia and Romania.
Wheat export from Canada has been shrinking significantly during the current season despite harvest growth, Canadian Grain Commisiion (CGC) states. 6.2 mln tons soft wheat have been exported from Canada for the first 23 weeks of the season which marks a 19 per cent decrease compared with the same period of MY 2015 - 2016. Hard wheat export has gone down by 6 per cent to 1.8 mln tons.
AGRO-TECEI predict that sunflower harvest in Argentina will be 3.5 tons, which is lower than the original expectations. The reason for the decrease is the excessive amount of rain in Buenos Airse province.
