Strategie Grains raised its forecast for the domestic harvest of oilseeds in the EU in 2017/18 MG

Experts Strategie Grains has raised its estimate of the harvest of soybean and rapeseed in the EU in the 2017/18 season.

the Production of rapeseed will exceed the performance of the current season by 6.7 per cent to $ 21.73 million tons, whereas in March the forecast of the harvest was estimated at of 21.58 million tonnes. Acreage will decrease by 0.3% to 6.51 million hectares, and the yield will increase by 7% to 3.34 t/ha.

sunflower Crop is reduced relative to the previous forecast from 8.63 to 8.61 million tonnes, which will still exceed last year's by 4.2%. The acreage will grow by 2% to 4.17 million hectares, and the yield will increase by 2.2% to 2.07 t/ha.

assessment of the soybean crop increased from 2.51 to 2.58 million tonnes, which is 6.2% higher than last year's figure. The acreage will grow by 12.1% to 0.93 million hectares, but yields will decrease by 5.2% to 2.77 t/ha.

a Good crop of olives crushed to prices. So, for Euronext, the price of rapeseed for August delivery fell to 362 Euro/ton, and now stands at 364 euros/tons, or 388 $/ton.

In Ukraine, the price of back new crop for August deliveries fell to 375-385 $/ton, though last week he offered 385-395 $/ton.