U.S. soybean hope to expand exports to China.

With record acreage planted, U.S. soybean growers hope to expand exports to China this year as Chinese demand continues to increase, but competition from Brazil and concerns about U.S. genetically modified crops may dampen Chinese enthusiasm. China is likely to commit to a big purchase of U.S. soybeans when a delegation from the Chinese Ministry of Commerce visits Des Moines, Iowa, on July 13.

Pakistan purchased 180,000 tonnes soybeans sourced United States or Brazil.

Pakistani importers have recently purchased about 180,000 tonnes of soybeans expected to be sourced optionally from the United States or Brazil. The soybeans are for shipment in April and May 2018. The purchases were made in three 60,000 tonne consignments from exporters in the United States at premiums over Chicago soybean futures.

Australia 2017-18 canola output seen 26% down on year.

Australia 2017-2018 canola output is seen at 3.12 million tonne, down 26% on year, due to seed shortages and inadequate rains. Patchy and light rains so far and forecast of insignificant rains over the next few weeks has dented outlook for canola harvest.