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WHEAT

- Apr 20 - Japan seeks 95,555 MT of food wheat for May-July shipments:

  • 16,140 MT of western white US wheat;
  • 18,705 MT of hard red winter US wheat;
  • 35,430 MT of dark northern spring US wheat;
  • 25,280 MT of Canadian western red spring wheat

- Apr 13 - South Korea's Nonghyup Feed Inc. (NOFI) bought 55,000 MT of optional-origin feed wheat at 192.74 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for August 25 arrival

- US wheat export inspections for week, ending Apr 13, recorded 671,868 MT, topped market expectations (400-600 TMT). Inspections for 2016/17 are running 31.5% ahead of year-ago

- USDA estimated 54% of the US winter wheat crop good to excellent as of April 16 compared to 53% a week ago and 57% a year-ago, matching analysts' expectations of 54% (range 53-55%)

- USDA estimated US spring wheat planting 13% complete as of April 16, behind an average of trade estimates for 14% and compared to 25% last year and a 21% five-year average

- Russia’s Ag Min said Russia exported about 29.284 MMT of grain between July 1-Apr 12, 2016/17, down by 0.5% from 29.428 MMT a year ago, including:

  • wheat – 22.631 MMT (21.43 MMT a year ago);
  • barley – 2.364 MMT (3.958 MMT);
  • corn – 4.084 MMT (3.78 MMT);
  • others – 205 TMT (260 TMT)

- Russia has 4,003,500 MT of grain in its federal intervention fund as of April 14 vs. 3,189,900 MT a year-ago

- Russian Ag Min estimated spring planting 9% (or 4.73 million ha) done as of Apr 17 vs. 4.63 million ha a year ago. Of the total Russian farmers planted 2.78 million ha of spring grain or 9% of planned area (2.85 mln ha a year ago). Russian farmers have sown 296,500 ha of spring wheat or 2.2% of planned area as of April 17 vs. 237,900 ha a year ago

- SovEcon expects Russian April grain exports to fall back to around 3.0 to 3.1 MMT (incl. 2.5 MMT of wheat, 100 TMT of barley and 400-500 TMT of corn) compared to the 3.8 MMT exported in March. The decline is explaining by lower shipments to Turkey

- Iraq’s trade ministry says it will import wheat through direct contracts after recent tender failures

- Morocco's Ag Min forecasts this year's grain harvest will be around 10.2 MMT (incl. 4.94 MMT of soft wheat, 2.33 MMT of durum, 2.89 MMT of barley) compared to the 3.35 MMT (incl. 1.86 MMT of soft wheat, 870 TMT of durum and 620 TMT of barley) crop last season

- USDA attaché in Algeria forecasts that wheat production would recover in 2017/18 to 2.7 MMT from 2.0 MMT in 2016/17. Algeria’s 2017/18 wheat imports are expected at 8.0 MMT, below than 8.2 MMT in 2016/17

- USDA attaché forecasts that Tunisian wheat production would rise in 2017/18 to 1.2 MMT from 0.99 MMT in 2016/17. Tunisia’s 2017/18 wheat imports are expected to rise to 2 MMT from 1.8 MMT in 2016/17, in order to meet expanded consumption demand as well as return stocks to a normal level. Tunisia sources most of its imported wheat from the Ukraine, Italy, and Canada, while to a lesser extent from the United Kingdom, Romania, and Russia

- Apr 18 - China sold 567,441 MT of wheat from state reserves or 21.3% of the of the offered amount (2,660,492 MT) at auction at average price of 2,506 RMB/mt (364 $/mt)

CORN

- Apr 18 - South Korea's Major Feedmill Group (MFG) bought a total of 137,000 MT of worldwide-origin corn:

  • 68,000 MT at 193.8 $/mt c&f plus 1.5 $/mt surcharge for additional port unloading for July 20 arrival;
  • 69,000 MT at 192.5 $/mt c&f plus 1.5 $/mt surcharge for additional port unloading for Aug 11 arrival

- Apr 17 - Argentina registered 24,260 MT of malting barley for export

- US corn export inspections for week, ending Apr 13, reported 1,328,134 MT, near the top end of market forecasts (1.1-1.4 MMT). Inspections for 2016/17 are running 64.1% ahead of year-ago

- USDA said the US corn crop 6% planted as of Apr 16, behind an average of trade estimates for 8% and compared to 12% last year and a 9% five-year average

- USDA estimated US sorghum planting 21% complete as of April 16, compared to 16% last year and a 20% five-year average

- China's planned corn acreage will fall 4% this year, its second straight annual drop. The lower acreage will result in corn output dropping to 207.5 MMT in the 2017/18 crop year that ends in September. That would be 5.5% lower than the 219.6 MMT produced in the 2016/17 season, according to the National Bureau of Statistics (NBS), and the lowest since the 2012 season

- Russian farmers have sown 1.46 million ha of spring barley or 19% of planned area as of April 17 vs. 1.51 million ha a year ago

- Russian farmers have sown 403,000 ha of corn or 13.2% of planned area as of April 17 vs. 430,600 ha a year ago

- USDA attaché in Algeria forecasts that barley crop would recover in 2017/18 to 1.3 MMT from 1.0 MMT in 2016/17. Algeria’s 2017/18 barley import is expected to decline to 600 TMT from 900 TMT in 2016/17

- Algerian corn demand stems from Algeria’s dairy and beef sectors, which the government still places a priority on developing. Algeria maintains preference for certain qualitative aspects and specifications of Argentine corn over US corn. Corn imports are primarily carried out by the private sector (90%) while the remainder is covered by Algeria’s Feed Grain Agency (ONAB). In recent years’ corn imports totals around 4.3-4.5 MMT

- USDA attaché forecasts Tunisian barley production in 2017/18 at 500,000 MT, up from 390,000 MT in 2016/17. Tunisia’s 2017/18 barley imports are expected to rise by 25% to 750,000 MT (600,000 MT in 2016/17) due to smaller stocks at the end of 2016/17 and increased domestic demand

SOYBEAN

- Apr 17 - Argentina registered for export 132,600 MT of soymeal, 16,056 MT of soybean oil and 6,000 MT of soybeans

- Apr 17 - Argentina registered for export 17,800 MT of sunflower meal and 10,300 MT of sunflower oil

- US soybean export inspections for week, ending Apr 13, reported 430,879 MT, just above low end of market expectations that ranged from 400 to 600 TMT. Inspections for the 2016/17 marketing year are running 13.7% ahead of year-ago

- NOPA said its members crushed 153.06 million bushels of soybeans during March, less than expected (156.728 million bu – avg., 151.83-159.9 mln bu – range) and lower than a year earlier. NOPA processors crashed 142.792 mln bu in February and 156.69 mln bu a year ago. Soyoil stocks rose to 1.815 billion lbs as of March 31 from 1.77 a month earlier, above the average expectations of 1.809 billion lbs, and vs. last year’s level of 1.859 billion lbs. Soymeal exports climbed to 1.057 million tons from 738,825 tons in Feb and vs. 779,100 tons a year-ago, that is the biggest monthly volume since January 2013

- Chinese stats bureau in a recent survey of farmers said they expect soybean acres to rise by 8.1% in 2017. China's soybean output will edge higher to 13.5 MMT on 7.6 million hectares for this crop year, according to the survey. The output would be 2.9% higher than the 13.1 MMT produced last year, according to data from the China National Grain and Oils Information Center (CNGOIC)

- Russian farmers have sown 685,000 ha of sunflower or 9.6% of planned area as of April 17 vs. 568,300 ha a year ago

- Russian farmers have sown 30,600 ha of rapeseed or 3.5% of planned area as of April 17 vs. 29,500 ha a year ago

- Russian farmers have sown 17,300 ha of soybeans or 0.8% of planned area as of April 17 vs. 20,900 ha a year ago

- Russia produced 1.2 MMT of sunflower oil in the first quarter of 2017, up 10.5% from the same period last year

- USDA attaché expects that soybean imports to Mexico will increase from 4.126 MMT in 2015/16 to 4.2 MMT in 2016/17 and to 4.38 MMT in 2017/18. Soymeal imports to Mexico are expected to stay steady at 2.4 MMT for 2016/17 and 2017/18

- USDA attaché expects that rapeseed imports to Mexico will increase from 1.4 MMT in 2015/16 to 1.5 MMT in 2016/17 and to 1.6 MMT in 2017/18

- Surveyor Intertek Testing Services estimated Malaysia's April 1-15 palm oil exports at 567,280 MT up 15.2% from a month ago

- Surveyor SGS estimated Malaysia's April 1-15 palm oil exports at 572,910 MT up 12.9% from a month ago

- The US plan to start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidisation. The US International Trade Commission is scheduled to make a preliminary decision by May 8 on whether such imports hurt US producers