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Post revises its forecast for soybean imports for marketing year (MY) 2018/19 (calendar year [CY] 2019) at 2 million metric tons (MMT), a significant increase from the MY2017/18 estimate....
Post estimates that the decreasing trend in sorghum production in South Africa will continue in the 2018/19 MY.
Pakistan’s did not renew the 2018 subsidy on wheat exports, announced earlier this year ($159 per metric ton), that expired on June 30.
Algeria’s MY2018/2019 grain crop was good and reached 6.05 MMT.
Harvest is underway for spring/summer crops. The 2018/19 corn production forecast is lowered as weather and pest-related stress reduced yield potential.