Russia’s Ministry of Agriculture decreased its forecast on grain export from the country in the current Marketing Year. It is now expected that export will reach last year’s level of 33.9 mln tons. The previous forecast stated 37 mln tons.
According to the latest Oil World forecast, soybeans yield in Argentina will reach 56 mln tons in 2017 – 2018 (+0.7 mln tons versus 2016 – 2017). The result will be lower than the 2015 – 2016 average – 60 mln tons.
