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WHEAT

- Jan 25 - Japan seeks 84,577 MT of food wheat for Feb-Mar shipments:

  • 14,047 MT of western white US wheat;
  • 19,530 MT of dark northern spring US wheat;
  • 27,170 MT of hard red winter US wheat;
  • 23,830 MT of Australian standard white wheat

- Jan 23 - Argentina registered 79,640 MT of wheat for export

- Jan 23 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin milling wheat

CORN

- Jan 23 - USDA announced export sales of 256,096 MT of US corn for delivery to unknown destinations during 2017/18

- Jan 23 - Argentina registered for export 50,000 MT of corn, 28,000 MT of malting barley and 18,705 MT of malt

- Informa Economics trimmed its forecast of US 2018 corn plantings to 89.197 million acres from 89.675 million previously

- China imported 450 TMT of corn in December, up 221% year on year. China's Jan-Dec 2017 corn imports fell 10.8% on year to 2.83 MMT (3.17 MMT in 2016)

SOYBEAN

- Jan 23 - Egypt’s GASC bought 40,000 MT of soybean oil (30,000 MT at 821 $/mt c&f (with facilities 180 days) from ADM and 10,000 MT at 14,377 EGP/mt (812 $/mt) from Watanya/Cargill) and 16,500 MT of sunflower oil at 792.75 $/mt c&f (with facilities 180 days) from Aston for Mar 5-20 delivery

- Jan 23 - Argentina registered for export 212,608 MT of soymeal and 36,985 MT of soybean oil

- Argentine soy and corn farmers are facing yield losses this season due to dry, hot weather that persisted over the weekend and was expected to continue in days ahead

- Informa Economics trimmed its forecast for 2018 US soybean plantings, even as their outlook for 91.197 million soybean acres still would be the most ever (91.387 million previously)

- Ukrainian December sunflower oil production was reported at 477 TMT, down 0.4% from prior month and down 15.4% from last year. Jan-Dec 2017 sunoil production totalled 5.212 MMT, up 17% from 2016

- Russia produced 4.7 MMT of sunflower oil during 2017, up 10.4% from previous year

- Stocks of soymeal at Argentine mills totals 916 TMT at the end of December 2017, down by 39.3% from a year-ago

- Stocks of soybean oil at Argentine mills totals 173,376 MT at the end of December 2017, down by 29.3% from a year-ago

- Stocks of sunoil at Argentine mills totals 54,835 MT at the end of December 2017, up by 22.8% from a year-ago

- Stocks of sunflower meal at Argentine mills totals 29,071 MT at the end of December 2017, a 2% decrease from a year-ago

IGC GRAINS CONFERENCE 2018

AGRICRUISE18