On March 29, Egypt purchased 475 KMT of milling wheat from Russia and Romania to be delivered on April 28 – May 08, 2018
The U.S. Department of Agriculture (USDA) lowered its forecast for Argentine soybean production in its March World Agricultural Supply and Demand Estimates report because of persistent dryness.
On March 15, Egypt purchased 240 KMT of milling wheat from Russia and Romania to be delivered on April 15-25.
Today, March 15, 2018, GASC will hold a milling wheat tender for delivery on April 15-25, 2018, reports UkrAgroConsult.
On Monday, February 26, China’s General Administration for Quality Supervision, Inspection and Quarantine (GAQSIQ) announced the lifting of a ban on wheat imports from six Russian regions. The ban had been in force since 2016.
Archer Daniels Midland Company and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt.
The Buenos Aires Cereal Exchange has updated its soybean production estimate for Argentina and lowered the output to 47 million metric tons. In the previous week, the esimate was at 50 million metric tons.
The Argentinian soybean crush for January was reported at 2.8 million mt, up 25% from December, but down 8% year-on-year, the national directorate of AgriFood markets reported.
Rainfall in key regions of South Africa’s agriculture belt came at a ‘critically important time’, an update from the Grain SA agency said Wednesday.
According to UkrOliyaProm Association, Ukraine took the top position among sunoil and sunmeal producers and exporters in 2017. Ukrainian sunoil is exported to 124 countries of the world. The top foreign consumers of the product include India, China, the EU, the Near East, Africa, Asia and the CIS.
Egypt's General Authority for Supply Commodities (GASC) was back in the market on Tuesday/Wednesday, looking to buy an unspecified amount of wheat third time in a month for delivery from March 22-April 1.
The general condition of the corn in Argentina is rated 57% poor to very poor and the soil moisture is rated 81% short to very short (see tables below).