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WHEAT

- Feb 16 - Algeria's OAIC seeks at least 50,000 MT of optional-origin durum wheat for March 16-April 30 shipment

- Feb 16 - Japan seeks 113,248 MT of food wheat for Mar-May shipments:

  • 9,080 MT of western white US wheat;
  • 43,940 MT of hard red winter US wheat;
  • 35,268 MT of dark northern spring US wheat;
  • 24,960 MT of Canadian western red spring wheat

- Feb 14 - Jordan Silos & Supply General Company has made no purchase in an international tender to buy 25,000 MT of optional-origin hard milling wheat for March 1-25 shipment

- Feb 13 - Argentina grants export licenses for 155,500 MT of milling wheat

- ABARES raised its estimate of 2016/17 Australian wheat crop to a record 35.134 MMT, up from previous forecast of 32.643 MMT in December and well above last year’s crop of 24.168 MMT

- Australian grain exports likely surged in January to an all-time monthly high of 4-4.3 MMT due to bumper Australian crop and strong demand from Saudi Arabia, China and India

- US wheat export inspections for week, ending Feb 9, recorded 307,506 MT, below the market expectations (350-550 TMT). Inspections for 2016/17 are running 25.8% ahead of year-ago

- UK exported 93,425 MT of wheat in December, the lowest monthly total so far in the 2016/17 season, less than 169,836 MT in November and down 63.4% from a year-ago, including 26,697 MT to Netherlands and 25,059 MT to Algeria. Cumulative exports for the season, which started on July 1, 2016, totalled 1.085 MMT, up from 992,086 MT during the same period prior season

- UK imported 173,456 MT of wheat in December, up from 146,384 MT in November and up 12.4% from a year-ago, including 65,067 MT from Denmark, 33,101 MT from Canada and 29,996 MT from the US. Britain’s Jul-Dec wheat imports totalled 840,175 MT, slightly down from 863,030 MT a year ago

CORN

- Feb 16 - Algeria's OAIC seeks at least 50,000 MT of optional-origin feed barley for March 1-15 shipment

- Feb 14 - USDA announced export sales of 229,000 MT of US corn for delivery to Japan during 2017/18

- Feb 13 - USDA announced export sales of 101,600 MT of US corn for delivery to unknown destinations during 2016/17

- Feb 13 - Argentina grants export licenses for 200,196 MT of corn

- Feb 13 - Argentina grants export licenses for 25,000 MT of barley

- US corn export inspections for week, ending Feb 9, reported 1,255,893 MT, topped the market forecasts (900-1100 TMT). Inspections for 2016/17 are running 77.4% ahead of year-ago

- Dr. Michael Cordonnier raised his forecast of South America’s 2016/17 corn crop this week by 2 MMT to 126.3 MMT (97.2 MMT in 2015/16) due to increase forecast for Argentina by 2 MMT to 36 MMT (27 MMT in 2015/16)

- UK corn imports rose in December to 198,864 MT from 177,646 MT in November and up 57.7% from a year-ago, including 40,256 MT from Romania, 33,397 MT from Poland and 25,496 MT from France. Britain’s Jul-Dec corn imports totalled 890,602 MT vs. 967,829 MT a year ago

- UK exported 96,653 MT of barley in December, down from 139,756 MT in November and by 56.4% below year-ago level. Top customers included Netherlands (37,605 MT) and Belgium-Luxembourg (34,845 MT). Cumulative barley exports for 2016/17 totalled 666,507 MT compared to 869,030 MT in Jul-Dec 2015/16

- ABARES raised its Australia’s 2016/17 barley crop estimate to a record 13.414 MMT, sharply up from 10.644 MMT previously and vs. 8.593 MMT in 2015/16

- ABARES cut its Australia’s 2016/17 sorghum crop estimate to 1.208 MMT from previous forecast of 1.439 MMT in December and vs. 2.037 MMT in 2015/16

- ABARES raised its Australia’s 2016/17 oats crop estimate to 1.879 MMT from 1.805 MMT previously and vs. 1.308 MMT in 2015/16

- ABARES raised its crop estimate for Australian pulses in 2016/17:

  • Chickpeas to 1.407 MMT from 1.227 MMT previously and vs. 1.006 MMT in 2015/16
  • Faba beans to 571 TMT from 500 TMT previously and vs. 319 TMT in 2015/16
  • Field peas to 415 TMT from 370 TMT previously and vs. 205 TMT in 2015/16
  • Lentils to 620 TMT from 450 TMT previously and vs. 258 TMT in 2015/16
  • Lupins to 1.031 MMT from 969 TMT previously and vs. 607 TMT in 2015/16

SOYBEAN

- Feb 14 - USDA announced export sales of 142,500 MT of US soybeans for delivery to Mexico during 2016/17

- Feb 13 - Argentina grants export licenses for 70,000 MT of soybeans, 168,092 MT of soymeal and 10,000 MT of soybean oil

- Pakistan recently bought about 60,000 MT of Brazilian soybeans for June-July shipment at a premium of about 45 $c/bu c&f over Chicago soybean contract

- US soybean export inspections for week, ending Feb 9, reported 1,145,336 MT, in line with market expectations that ranged from 1.1 to 1.3 MMT. Inspections for the 2016/17 marketing year are running 15.5% ahead of year-ago

- US farmers are taking advantage of a surge in soybean prices and have sold ahead up to half what they expect to harvest this year, as huge global supplies and a record South American crop coming earlier than usual

- Dr. Michael Cordonnier raised his forecast of South America’s 2016/17 soybean crop this week by 3 MMT to 174.2 MMT (165.5 MMT in 2015/16) due to increase forecasts for Brazil by 1 MMT to 105 MMT (95.5 MMT in 2015/16) and Argentina by 2 MMT to 54 MMT (56 MMT in 2015/16)

- USDA attaché maintains its forecast for Argentine soybean production at 55 MMT in 2016/17 (56.8 MMT in 2015/16) but raised soybean crush forecast by 1 MMT to 42 MMT (42.5 MMT in 2015/16)

- USDA attaché maintains its projection for Argentina’s 2016/17 sunflower crop at 3.3 MMT (2.6 MMT last year) and sunseed crush at 3.15 MMT (2.735 MMT in 2015/16)

- ABARES raised its estimate of Australia’s 2016/17 canola crop to a record 4.144 MMT from previous forecast of 3.581 MMT in December, up 40.8% from 2.944 MMT in 2015/16

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