The market expects that the Committee of predicting crop yields (CEC) will announce the forecast of sowing average 2,176 million hectares, against 2,629 million hectares sown last year.

Belozernoe sowing of maize could be reduced by 29% to 1.16 million tons, sowing of yellow maize, in contrast, grow by 3.2% to 1,017 million ha. by reducing the areas under belozernoe corn can be increased sowing of oilseeds.

In the season 2016/17, Africa attracted a record corn crop 16,744 million tons, which is 115% more bad harvest season 2015/16.

The official forecast EUFOR will be announced on Thursday 26 October.

Photo: agronomam.com