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WHEAT

- Apr 18 - Argentina registered for export 30,703 MT of wheat and 5,590 MT of wheat flour

- Ukraine's Ag Min said Ukraine exported 35.787 MMT of grain between July 1-Apr 19, 2016/17, up 9.5% from 32.689 MMT for the same period last season, including:

  • wheat – 15.238 MMT (vs. 13.6 MMT a year ago);
  • corn – 15.333 MMT (14.8 MMT);
  • barley – 5.013 MMT (4.087 MMT)

- Russian grain stocks were at 28.286 MMT as of April 1, 2017, up 18.6% from a year earlier (23.842 MMT as of Apr 1, 2016). The data does not include grain stored at small farms

- Russia expects Turkey to cancel grain restrictions this year. Meanwhile Russian farmers want that ban on import of Turkish tomatoes to last 3 more years

- On April 19, 2017, the Heroes of Arsenal ship wrecked in the waters of the Black Sea. The ship, flying the flag of Panama, transported grain from the port city of Azov in Russia’s Rostov region to Turkey. Its operator is a Turkish company, Gunes Shipping

- USDA attaché expects that wheat imports to Bangladesh will increase from 4.693 MMT in 2015/16 to 5.7 MMT in 2016/17 and to 5.9 MMT in 2017/18 due to low prices in the international market. Bangladesh meets 75% of its wheat consumption needs through imports, sourcing lower quality wheat from Russia and Ukraine, and higher quality wheat from Canada, Australia and the US. According to trade sources, during the current 2016/17 about 40% of wheat imported is sourced from Russia and 30% from Ukraine

- USDA attaché expects that wheat imports to Vietnam will rise from 2.9 MMT in 2015/16 to 5 MMT in 2016/17, and then would decrease to 4.5 MMT in 2017/18

- USDA attaché forecasts Jordan’s 2017/18 wheat imports at 1.3 MMT, down 8.9% from 2016/17 (1.427 MMT). The top wheat origin is expected to remain unchanged from 2016/17 with Romania as the lead, followed by Russia, and Ukraine

- Apr 19 - China auctioned 700 MT of imported wheat from state reserves, or 0.75% of the offered amount (93,183 MT), at average price of 2,500 RMB/mt (363 $/mt)

CORN

- Apr 19 - Turkey's TMO bought a total of about 77,000 MT of corn for April 24-May 7 shipment:

  • 36,000 MT (3x12 TMT) of EU corn from Nidera at around 201 $/mt c&f Izmir;
  • 12,000 MT of EU corn from CHS at around 201.5 $/mt c&f;
  • 12,000 MT of EU corn from Erser at around 202.5 $/mt c&f Marmara;
  • 12,000 MT of EU corn from Nidera at around 200 $/mt c&f Samsun;
  • 5,000 MT of Serbian corn from ADM at around 200 $/mt c&f Samsun

- Apr 19 - South Korea's KFA bought 120,000 MT of optional-origin yellow corn from Pan Ocean:

  • 60,000 MT at 192.6 $/mt c&f + 1.0 $/mt surcharge for additional port unloading for arrival around July 15;
  • 60,000 MT at 191.5 $/mt c&f + 1.0 $/mt surcharge for additional port unloading for arrival around August 10

- Apr 19 - South Korea's Feed Leaders Committee (FLC) bought 60,000 MT of optional-origin corn at 190.6 $/mt c&f plus a 1.0 $/mt surcharge for additional port unloading for August 5 arrival

- Apr 19 - Japan bought 225 MT of feed barley for September 29 arrival via SBS-tender. New SBS tender for 120,000 MT of feed wheat and 200,000 MT of feed barley will be held on Apr 26

- Dr. Michael Cordonnier left his forecast of South America’s 2016/17 corn crop unchanged this week at 131.3 MMT (incl. 90 MMT for Brazil and 37 MMT for Argentina) compared to 97.2 MMT in 2015/16 (incl. 66 MMT of Brazilian and 27 MMT of Argentine crops)

- Ukraine’s Ag Min estimated early spring grain planting 94% done as of Apr 18. Ukrainian farmers planted 2.2 million ha of spring crops, thereof 1.5 million ha of barley (or 92% of planned area), 372,000 ha of peas (well above initial plan), 192,000 ha of oats (or 93%) and 155,000 ha of wheat (or 86%)

- Ukrainian farmers have sown 341,000 ha of corn or 8% of planned area as of April 18

- Bulgarian farmers have sown 215,295 ha of corn as of April 13 vs. 171,155 ha a year ago

- USDA attaché expects that corn imports to Vietnam will fall from 7.956 MMT in 2015/16 to 7.7 MMT in 2016/17 and to 6.5 MMT in 2017/18, due mainly to the scale back in the hog industry that is causing a shrink in the total feed production, also partly due to the on-going price competitiveness of feed wheat from both South America and East Europe origins

- USDA attaché forecasts that Bangladeshi corn production would rise in 2017/18 to 3.1 MMT from 2.817 MMT in 2016/17. Bangladesh’s 2017/18 corn imports are expected to rise to 1 MMT from 777,000 MT in 2016/17, which assumes increasing demand for use in livestock feed production and mixing with wheat flour for human consumption

- USDA attaché forecasts Jordan’s 2017/18 barley imports at 825,000 MT, down 2.9% from 2016/17 (850,000 MT). Barley suppliers are Black Sea basin countries with Romania being the top supplier, followed by Russia, and Ukraine

- USDA attaché forecasts Jordan’s 2017/18 corn imports at 600,000 MT, down 11.8% from 2016/17 (680,000 MT). Argentina the top corn supplier, followed by Brazil, and the US

SOYBEAN

- Apr 18 - Argentina registered for export 959,214 MT of soymeal, 533,300 MT of soybeans and 46,575 MT of soybean oil

- Dr. Michael Cordonnier lowered his forecast of South America’s 2016/17 soybean crop this week by 1 MMT to 180.1 MMT (165.5 MMT in 2015/16) due to decrease forecast for Argentina by 1 MMT to 55 MMT (56 MMT in 2015/16)

- Ukrainian farmers have sown 1.3 million ha of sunflower or 24% of planned area as of April 18

- Ukrainian farmers have sown 31,000 ha of soybeans or 2% of planned area as of April 18

- Bulgarian farmers have sown 519,068 ha of sunflower as of April 13 vs. 375,628 ha a year ago

- Bulgaria's Ag Min said Bulgaria exported 128,618 MT of sunflower via port Varna between Sept 1-Apr 16, 2016/17, down 24.8% from a year-ago (171,020 MT)

Grain-Ukraine