Brazilian farmers have harvested 4% of the first harvest corn fields. Harvest tempo in the beginning of the campaign is faster than the average for the past five years.
Oil World reports that 61,000 tons of rapeseed oil were imported in China in 2016 compared with 106,000 tons in December 2015, which is much lower than expected on the market. 60,000 tons of rapeseed (72,000) were delivered from Canada.
On January 25, 2017, Israeli importers carried out an auction for the purchase of 85,000 tons of corn, 40,000 tons of wheat fodder and 25,000 tons of barley fodder. 85,000 tons of corn were actually purchased at 179.71 USD/ton C&F in a May contract in Chicago + 0,84 USD/bushel.
Oil World reports that key grains import in China (wheat, corn, barley, sorghum) in December 2016 went down to 964,000 tons compared with 1.7 mln tons in December 2015.
Romania increased grain export to non-EU countries in November 2016, information from the European Commission. Export reached 735,000 tons of grain, which is 43% higher than November of 2015 while its value was +32% up to 125 mln Euro.
In its January report, Informa Economics Agency reduced its forecast for wheat fields in the USA in 2017 down to 45.8 mln acres with a forecast in December at 46.6 mln acres. USDA estimates areas of 48.5 mln acres.
