Ukraine Mustard market continued recovering this year

Mustard production by large and medium-sized plants of the fat-and-oil industry grew to 828 MT in October 2017, or 14% more than in the previous month (725 MT) and up 32.5% from October 2016 (625 MT). Production amounted to 6.7 KMT in January-October, or up 15% year-on-year (5.8 KMT in January-October 2016).

Russia Oilseed stocks down 12.7% year-on-year in early November

Russian growers held 4007.4 KMT of oilseeds, or 584.9 KMT (12.7%) less than at the same time last year (4592.3 KMT). The oilseed inventories gained 1058.8 KMT in October. Farmer sunseed stocks totaled 2240.6 KMT, or 548.5 KMT (19.7%) less than at the same time last (2789.1 KMT). They increased by 657.6 KMT in October.

MY 2017/18 India Soybean Production Unchanged at 10 MMT

USDA pegs India year to Sept soybean crop at 10 million metric tonne, down 5% YoY. India soybean over 10.6 million ha for 2017-18, lower than 11.4 million ha last year. Average market prices soybeans last 12 months have softened 16 % to INR 27,000/metric tonne.