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WHEAT

- May 18 - Tunisia's state grains agency bought about 92,000 MT of optional-origin soft milling wheat for July 15-Sept 5 shipment:

  • 25,000 MT of soft milling wheat from Louis Dreyfus at 181.74 $/mt c&f;
  • 25,000 MT of soft milling wheat from Louis Dreyfus at 182.54 $/mt c&f;
  • 25,000 MT of soft milling wheat from ADM at 184.39 $/mt c&f;
  • 17,000 MT of soft milling wheat from Ameropa at 189.99 $/mt c&f

- May 18 - Japan bought 115,491 MT of food wheat for June-August shipments:

  • 20,465 MT of western white US wheat;
  • 24,600 MT of hard red winter US wheat;
  • 34,507 MT of dark northern spring US wheat;
  • 35,919 MT of Canadian western red spring wheat

- May 18 - Argentina registered 37,334 MT of wheat for export

- May 17 - Argentina registered 80,000 MT of wheat for export

- India's wheat imports have slowed in recent weeks as good quality domestic crops have hit the market, leaving traders with unsold stockpiles in port silos. Wheat inventories at ports have climbed to a record high of about 1.8 MMT, mainly cargoes shipped from Australia and the Black Sea region

- Weekly US wheat export sales data for week ended May 11 totalled 640,700 MT, incl. 247,600 MT for 2016/17 (topped trade expectations for 0-200 TMT) and 393,100 MT for 2017/18 (near the top end of trade expectations of 200-400 TMT). Export commitments for 2016/17 are running 36% ahead of year-ago

- EU in week ended May 12 awarded licenses to import 108 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded almost 100% (958,090 MT) out of a total volume of 960,000 MT available in 2017

- According to TAXUD, the EU this season in period of Jul 1-May 16, 2016/17 exported 21.564 MMT of soft wheat compared to 26.937 MMT a year ago. Top 5 export destinations in 2016/17 are Algeria (16.8%), Saudi Arabia (13.5%), Vietnam (6.8%), Egypt (6.6%) and Morocco (6%)

- Strategie Grains cut its forecast for the 2017 soft wheat harvest in the EU to 142.7 MMT from 143.8 MMT in Apr (135.8 MMT in 2016). Strategie Grains lowered its forecast for EU 2017/18 soft wheat exports by 200,000 MT to 26 MMT, but still 2.6 MMT above the level expected in 2016/17

- FranceAgriMer said 75% of France’s soft wheat crops were in good to excellent condition as of May 15, down 1% point from the prior week and below vs. 85% a year ago; durum rating at 67% in good to excellent vs. 64% a week-ago and vs. 79% a year-ago

- Germany's association of farm cooperatives lowered its forecast of country’s 2017 wheat crop to 24.98 MMT from 25.26 MMT in April, a 1.6% increase from last year

- Bulgaria's Ag Min said Bulgaria exported 1.572 MMT of wheat via port Varna between July 4-May 14, 2016/17, down 0.2% from a year-ago (1.574 MMT)

- Bulgaria's Jul-Feb 2016/17 wheat exports are estimated at 3.757 MMT, up 34.7% from year-ago

- Egypt has bought about 2 MMT of local wheat since the start of the local procurement season on April 15, lagging from last year's pace of 3.2 MMT

- Buenos Aires Grain Exchange pegged the country's upcoming 2017/18 wheat crop planting at 5.5 mln ha vs. 5.1 mln ha in 2016/17. Exchange estimates 2.8% of the crop has been planted as of May 18 vs. 1.7% this time last year

CORN

- Mar 19 - Saudi Arabia seeks 1.5 MMT of feed barley in 25 consignments for July-August shipment

- May 18 - Turkey's TMO bought a total of about 180,000 MT of corn in 15 consignments each for 12,000 MT for May-June shipment:

  • 36,000 MT from VA Intertrading at 704 Turkish lira/mt (194 $/mt) c&f Derince;
  • 12,000 MT from ADM at 706.5 Turkish lira/mt (195 $/mt) c&f Bandirma;
  • 12,000 MT from Hakan at 706.95 Turkish lira/mt (195 $/mt) c&f Bandirma;
  • 12,000 MT from ADM at 709.5 Turkish lira/mt (196 $/mt) c&f Izmir;
  • 12,000 MT from Hakan at 709.75 Turkish lira/mt (196 $/mt) c&f Izmir
  • 12,000 MT from BT Nano at 710 Turkish lira/mt (196 $/mt) c&f Izmir;
  • 24,000 MT from Tiryaki at 709.9 Turkish lira/mt (196 $/mt) c&f Iskenderun
  • 24,000 MT from Hakan at 709.95 Turkish lira/mt (196 $/mt) c&f Mersin;
  • 12,000 MT from BT Nano at 710 Turkish lira/mt (196 $/mt) c&f Mersin;
  • 24,000 MT from BT Nano at 710 Turkish lira/mt (196 $/mt) c&f Samsun

- May 18 - China sold 3.56 MMT of 2013 corn from state reserves, or 89% of the offered amount (4 MMT), at average price of 1,409 RMB/mt (204 $/mt)

- May 18 - Argentina registered 100,000 MT of corn for export

- May 17 - Argentina registered 100,000 MT of corn for export

- Kenya plans to import 50,000 MT of maize from Ethiopia to ease the ongoing shortage of the staple food. The government will also import maize from Zambia in the next few weeks

- Weekly US corn export sales data for week ended May 11 of 873,300 MT, incl. 705,300 MT for 2016/17 (within trade expectations of 500-750 TMT) and 168,000 MT for 2017/18 (in line with trade estimates of 50-250 TMT). Export commitments for 2016/17 are running 31% ahead of year-ago

- EU in week ended May 12 awarded licenses to import 35,220 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 36.89% (99,613 MT) out of a total volume of 270,000 MT available in 2017

- EU this season in period of Jul 1-May 16, 2016/17 imported 10.25 MMT of corn (maize) vs. 12.099 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (62%), Russia (9.4%), Brazil (8.3%), Canada (7%) and the US (4.9%)

- EU this season in period of Jul 1-May 16, 2016/17 exported 2.009 MMT of corn vs. 1.564 MMT a year ago. Top 5 export destinations in 2016/17 are Egypt (24.6%), Lebanon (12.3%), Turkey (8.5%), Libya (7.4%) and Vietnam (7.3%)

- EU this season in period of Jul 1-May 16, 2016/17 exported 4.717 MMT of barley vs. 9.699 MMT a year ago. Top 5 export destinations in 2016/17 are Saudi Arabia (45.6%), Tunisia (7.9%), China (7%), Jordan (6.1%) and Algeria (6.1%)

- EU this season in period of Jul 1-May 16, 2016/17 exported 2.537 MMT of malt in barley equivalent vs. 2.915 MMT a year ago. Top 5 export destinations in 2016/17 are Japan (11.1%), Vietnam (9.8%), Nigeria (5.6%), Brazil (3.9%) and South Africa (3.4%)

- Strategie Grains cut its forecast of total EU barley production in 2017 by 1.7 MMT to 59.6 MMT, down 1% from last year (60 MMT in 2016)

- Strategie Grains trimmed its forecast for EU grain maize production in 2017 by 300,000 MT to 60.1 MMT, marginally up from last year (59.9 MMT in 2016). Strategie Grains raised its maize import forecast for next season by 400,000 MT to 13.6 MMT

- FranceAgriMer estimated France’s corn planting 98% done as of May 15 (93% week ago), ahead of last year pace of 88%. Corn crop condition was estimated as 86% in good to excellent, up 1% point on the prior week and above the year-ago score of 85%

- FranceAgriMer said 67% of France’s winter barley crops were in good to excellent condition as of May 15, unchanged from the prior week but below the year-ago score (84%). Spring barley rating was at 78% in good to excellent vs. 77% last week and vs. 93% a year ago

- Germany's association of farm cooperatives cut its forecast of country’s 2017 corn crop to 3.74 MMT from 4.88 MMT in April, a 2.3% growth from last year

- Germany's association of farm cooperatives forecasted the country’s 2017 winter barley crop at 8.69 MMT (8.96 MMT – previous forecast in April), down 3.7% from last year; and spring barley crop at 1.89 MMT (1.92 MMT – previous forecast), up 5.5% from 2016

- Bulgarian farmers have sown 386,962 ha of corn as of May 11 vs. 384,378 ha a year ago

- Bulgaria's Ag Min said Bulgaria exported 191,336 MT of corn via port Varna between Sept 1-May 14, 2016/17, down 62.3% from a year-ago (507,789 MT)

- Bulgaria's Sep-Feb 2016/17 corn exports are estimated at 770,600 MT, up 1.5% from year-ago

- Bulgaria's Jul-Feb 2016/17 barley exports are estimated at 275,000 MT, down 32.8% from year-ago

- Buenos Aires Grain Exchange maintains its forecast for Argentina's 2016/17 corn crop at 39 MMT, up 30% vs. 30 MMT in 2015/16. Harvesting of Argentine corn crop was 33.1% completed as of May 18 vs. last year’s pace of 28.3%

- Buenos Aires Grain Exchange forecasts Argentine 2016/17 sorghum crop at 3.2 MMT, down 6% from 2015/16 crop (3.4 MMT). Harvesting of Argentine sorghum crop was 54.5% completed as of May 18 vs. last year’s pace of 44.8%

- Japan's use of corn in animal feed fell to 45.7% in March, down 0.2% points from February and by 0.5% points below year-ago level (46.2% in Mar 2016). Its use of barley was steady at 3.4%, unchanged from month ago and year-ago; while wheat usage left at 1.9% but above year-ago (1.6%). Sorghum usage in feed rations declined to 2.3% in March (2.3% in February) from 2.8% a year ago

SOYBEAN

- May 19 - South Korea's KFA seeks 55,000 MT of optional origin soymeal for October 25 arrival

- May 18 - Argentina registered for export 10,000 MT of soybeans, 37,327 MT of soybean oil and 9,797 MT of soymeal

- May 17 - Argentina registered for export 10,000 MT of soybeans, 4,590 MT of soybean oil and 340,660 MT of soymeal

- May 18 - Argentina registered 37,548 MT of sunflower meal for export

- May 17 - Argentina registered 15,000 MT of sunflower meal for export

- Weekly US soybean export sales data for week ended May 11 of 396,800 MT, incl. 355,300 MT for 2016/17 (within market estimates of 200-400 TMT) and 41,500 MT for 2017/18 (within trade estimates of 0-200 TMT). Export commitments for 2016/17 are running 22% ahead of year-ago

- Buenos Aires Grain Exchange kept its Argentina's 2016/17 soybean harvest estimate at 57.5 MMT, up 2.7% from 56 MMT in 2015/16. Harvesting of Argentine soybean crop was 74.7% completed as of May 18 vs. last year’s pace of 61.1%

- EU this season in period of Jul 1-May 16, 2016/17 imported 12.072 MMT of soybeans vs. 12.308 MMT a year ago. Top 5 import origins in 2016/17 are the US (40.4%), Brazil (32.1%), Paraguay (8.9%), Canada (8.5%) and Ukraine (4.1%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 15.472 MMT of soymeal vs. 17.672 MMT a year ago. Top 5 import origins in 2016/17 are Argentina (46.6%), Brazil (38.8%), Paraguay (7.2%), India (1.7%) and US (1.4%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 238,570 MT of soybean oil vs. 273,075 MT a year ago. Top 5 import origins in 2016/17 are Norway (25.5%), Serbia (25.5%), Ukraine (23.4%), Russia (13.6%) and Paraguay (8.8%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 3.91 MMT of rapeseed vs. 3.105 MMT a year ago. Top import origins in 2016/17 are Australia (59.3%), Ukraine (23.4%) and Canada (15.4%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 167,638 MT of rapeseed meal vs. 388,889 MT a year ago. Top 5 import origins in 2016/17 are Russia (50.5%), Ukraine (29.8%), Canada (5.8%), China (4.8%) and Serbia (4.7%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 142,382 MT of rapeseed oil vs. 192,079 MT a year ago. Top 5 import origins in 2016/17 are Ukraine (45.8%), Russia (26.7%), Belarus (9.6%), Serbia (8.2%) and Canada (7.7%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 759,355 MT of sunflowerseed vs. 370,967 MT a year ago. Top 5 import origins in 2016/17 are Moldova (37.7%), Argentina (16%), Ukraine (15.6%), Serbia (8.9%) and Russia (8%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 3.019 MMT of sunflower meal vs. 2.74 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (68.3%), Argentina (14.1%), Russia (13.7%), Serbia (1.7%) and China (0.7%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 1.234 MMT of sunflower oil vs. 1.15 MMT a year ago. Top import origins in 2016/17 are Ukraine (90.7%), Moldova (4.5%) and Serbia (3.2%)

- EU this season in period of Jul 1-May 16, 2016/17 imported 5.124 MMT of palm oil vs. 5.932 MMT a year ago. Top 5 import origins in 2016/17 are Indonesia (50.8%), Malaysia (23.3%), Papua New Guinea (9.3%), Guatemala (5.5%) and Honduras (5.3%)

- Germany's association of farm cooperatives cut Germany's 2017 winter rapeseed output forecast from 4.93 to 4.68 MMT this month, still up 1.5% from 2016

- Bulgarian farmers have sown 771,124 ha of sunflower as of May 11 vs. 702,533 ha a year ago

- Bulgaria's Sep-Feb 2016/17 sunflower exports are estimated at 378,100 MT, down 1.7% from year-ago. While imports increased to 138,400 MT

- Bulgaria's Jul-Feb 2016/17 rapeseed exports are estimated at 489,700 MT, up 81.1% from year-ago

- Russia produced 1.6 MMT of sunflower oil during the first four months of 2017, up 21.7% from the same period last year

- Russia exported about 1.082 MMT of sunflower oil between Sept 1-May 7, 2016/17, a 43.2%-increase from a year-ago

- Russia exported about 223,800 MT of sunseed between Sept 1-May 7, 2016/17, in 3.3 times up from a year-ago

- Russia exported about 282,700 MT of soybeans between Sept 1-May 7, 2016/17, down 23.8% from a year-ago