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WHEAT

- Feb 12 - The lowest offer in Iraq’s tender for 50,000 MT of hard wheat came in at 244 $/mt c&f free out from ADM for Romanian wheat. Other offers: 244.5 $/mt for Bulgarian wheat; 245 $/mt for Ukrainian wheat; 245.5 and 255 $/mt for Russian wheat; and 334 $/mt for Canadian wheat. The tender closed on Feb 12 and offers must remain valid up to Feb 16

- Feb 10 - Argentina grants export licenses for 52,925 MT of milling wheat

- Russia’s Ag Min said Russia exported about 23.088 MMT of grain between July 1-Feb 8, 2016/17, down by 0.1% from 23.109 MMT a year ago, including:

  • wheat – 17.939 MMT (17.159 MMT a year ago);
  • barley – 1.996 MMT (3.458 MMT);
  • corn – 2.993 MMT (2.303 MMT);
  • others – 160 TMT (189 TMT)

- Russia has 4,026,300 MT of grain in its federal intervention fund as of February 10 vs. 2,910,900 MT a year ago

- Egypt plans to increase wheat production to 10 MMT from 8 MMT currently within the next three years

- USDA attaché estimated wheat production in China at 128.85 MMT in 2016/17, down from 130.19 MMT in 2015/16. Chinese import of wheat in 2016/17 is expected at 4.0 MMT, incl. 500 TMT from the US, up 15% from year-ago of 3.476 MMT, incl. 613 TMT from the US

- USDA attaché lowered its estimate of Kazakhstan’s 2016/17 wheat production to 15 MMT, still up from 13.748 MMT in 2015/16. Kazakh wheat exports in 2016/17 are expected at 7.0 MMT, 500 TMT less than USDA's official projection (7.5 MMT) and down 7.9% from last year’s level of 7.6 MMT

- USDA attaché estimated wheat production in Mexico at 3.863 MMT in 2016/17, up 3% from 3.751 MMT in 2015/16. Wheat imports in 2016/17 are expected at 4.6 MMT, incl. 3.1 MMT from the US, down 4.3% from year-ago of 4.805 MMT, incl. 2.753 MMT from the US

CORN

- Feb 10 - Argentina grants export licenses for 80,075 MT of barley

- USDA attaché estimated corn production in China at 219.554 MMT in 2016/17, down from 224.632 MMT in 2015/16. Chinese import of corn in 2016/17 is expected at 2.0 MMT, incl. 30 TMT from the US, 1.0 MMT less than USDA's official projection (3.0 MMT) and down 37% from year-ago of 3.174 MMT, incl. 321 TMT from the US

- USDA attaché estimated sorghum production in China at 3.8 MMT in 2016/17, 500,000 MT more than USDA's official projection (3.3 MMT) and up from 2.75 MMT in 2015/16. Chinese import of sorghum in 2016/17 is expected at 4.5 MMT, incl. 4.2 MMT from the US, down 45.7% from last year’s level of 8.284 MMT, incl. 6.218 MMT from the US

- USDA attaché estimated corn production in Mexico at 26 MMT in 2016/17, marginally up from 25.971 MMT in 2015/16. Corn imports in 2016/17 are expected at 13.4 MMT, incl. 13.2 MMT from the US, 400 TMT less than USDA's official projection (13.8 MMT) and down 4.4% from year-ago of 14.01 MMT, incl. 13.645 MMT from the US

- USDA attaché estimated sorghum production in Mexico at 5.5 MMT in 2016/17, down 1.5% from 5.587 MMT in 2015/16. Sorghum imports in 2016/17 are expected at 1.0 MMT, all from the US, 300 TMT more than USDA's official projection (700 TMT) and up 51.3% from year-ago of 661 TMT

SOYBEAN

- Feb 15 - Egypt’s GASC seeks 30,000 MT of soybean oil for arrival until March 30

- Feb 10 - South Korea's NOFI has purchased about 42,000 MT of feed ingredients:

  • 12,000 MT of likely Indian rapeseed meal at 239.23 $/mt c&f+1.75 $/mt surcharge for additional port unloading for May 20 arrival;
  • 30,000 MT of palm kernel expellers from South East Asia in five equal consignments at 126 $/mt c&f+1.5 $/mt surcharge for additional port unloading for April-May arrival

- Feb 10 - Argentina grants export licenses for 14,725 MT of sunflower meal

- Abiove raised its forecasts of Brazil's 2017 soybean crop from 101.7 to 104.6 MMT and exports from 58 to 58.7 MMT (51.58 MMT in 2016)

57 Commodity exchange

Australian grains industry at AGIC 2017