Slow progress reported in Brazil Soybean harvest with AgRural putting progress at 10% complete – well behind last years 19% at the same point. Mato Grosso, the largest production area, is reported at 30% complete but rainfall is causing further delays both for harvest and post harvest logistics. Second largest producing state of Parana is only 1% complete.
Continued weather concerns for Arg Soybeans focus on weather – US eyeing domestic stocks creating support for Chicago.
Russia had exported 31.4 million tonnes of grain since the start of the 2017/18 season (commencing 1st July 17) including 24.5 million tonnes of wheat. The pace of grain exports was up 36% compared with the same period in the previous season. Figures released by Russian Ag Ministry..