In the week between January 13 and January 19, export wheat sales from the USA turned out to be the highest since the start of the season despite low expectations by analysts - 200 – 525,000 tons.
FAS USDA predicts that Turkey will increase wheat import up to 5 mln tons during the current season (June – July). Import went down to 4.382 mln tons of wheat in the previous season, which is much lower than usual. This was due to the record yield.
Oil World reports that Argentina exported 79,000 tons of soybean in December 2016 compared with 77,000 tons in December 2015. China was the biggest buyer with 69,000 tons (69,000).
FAS USDA predicts that wheat import in Algeria will be 8.0 mln tons during the current season (July - June) compared with 8.2 mln tons during the previous season while barley import will be 600,000 tons (900,000). The decreased import is due to the increase in the domestic crops up to 2.7 mln tons (2.0) and barley up to 1.3 mln tons (1.0).
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.
