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WHEAT

- Apr 5 - Japan bought 125,014 MT of food wheat for May-June shipments:

  • 15,865 MT of western white US wheat;
  • 18,775 MT of hard red winter US wheat;
  • 54,884 MT of Canadian western red spring wheat;
  • 35,490 MT of Australian standard white wheat

- Apr 5 - Philippines bought 224,000 MT of feed wheat from Black Sea region and Australia. Shipment is in four 56,000-MT consignments between July and August:

  • 56 TMT of Australian wheat at around 248 $/mt c&f from ADM,
  • 56 TMT from Black Sea region at around 224 $/mt c&f from Cofco,
  • 112 TMT (2x56 TMT) of optional-origin wheat at around 219 $/mt c&f from Olam

- Apr 5 - Jordan Silos & Supply General Company has made no purchase in an international tender for 50,000 MT of optional-origin milling wheat

- Weekly US wheat export sales data for week ended Mar 29 totalled 309,200 MT, incl. 109,000 MT for 2017/18 (below trade expectations of 200-500 TMT). Export commitments for 2017/18 are running 15% behind of year-ago

- Russia’s Ag Min said Russia exported about 39.988 MMT of grain between July 1-Apr 4, 2017/18, up by 39.3% from 28.703 MMT a year ago, including:

  • wheat – 31.187 MMT (22.186 MMT in 2016/17);
  • barley – 4.493 MMT (2.322 MMT);
  • corn – 4.04 MMT (3.992 MMT)

- Russia has 3,963,600 MT of grain in its federal intervention fund as of Apr 6 vs. 4,003,500 MT a year ago

- Russian Ag Min estimated spring grain planting 1.3% (or 418,300 ha) done as of Apr 6 vs. 908,700 ha a year ago. Russian farmers have sown 13,700 ha of spring wheat or 0.1% of planned area vs. 46,300 ha a year ago

- EU this season in period of July 1-Apr 3, 2017/18 exported 14.523 MMT of soft wheat compared to 19.4 MMT a year ago

- France exported 1.52 MMT of soft wheat in February. Soft wheat exports outside the EU totalled 641,000 MT (incl. 309,000 MT to Algeria), taking the total since the start of the 2017/18 July-June season to 4.94 MMT. France also exported 883,000 MT to other EU countries in February, taking the season's total to 5.55 MMT. Total French soft wheat exports so far this season were up 66% at 10.49 MMT (6.31 MMT in Jul-Feb 2016/17)

- FranceAgriMer said 78% of France’s soft wheat crops were in good to excellent condition as of Apr 1, unchanged from prior week but down vs. 90% a year ago

- Ukraine's Ag Min said that 99.7% winter crops were emerged; about 89% of emerged crops are in good and satisfactory

- Kazakhstan's grain exports stood at 8.173 MMT in July 1-March 31, 2017/18, up from 6.277 MMT a year earlier

- FAO upped its forecast of global wheat production in 2017 to 757.4 MMT from 757.0 MMT projected in Mar, indicating a 0.3% (2.2 MMT) decline from the 2016 record level. Trade in 2017/18 (July/June) almost unchanged from last month with significant upward adjustment to exports from Russia nearly offsetting lower anticipated shipments from other exporters, in particular from the EU. Stocks (ending in 2018) slightly down from the previous forecast but still at an all-time high of 272.0 MMT, well above their opening levels (252 MMT)

- The latest FAO’s forecast for world wheat production in 2018 stands at 750 MMT, down 7 MMT from the 2017 near-record level but still 6 MMT higher than projected last month, reflecting increased projected plantings in the US and improved prospects in Russia

CORN

- Apr 6 - USDA announced export sales of 100,000 MT of US corn for delivery to Egypt during 2017/18

- Apr 6 - Argentina registered 100,700 MT of corn for export

- Apr 6 - South Korea's KOCOPIA bought 65,000 MT of US corn from CJ International at 225 $/mt c&f in private deal

- Apr 5 - South Korea's Nonghyup Feed Inc. (NOFI) made no purchase in its tender for 69,000 MT of optional-origin corn for Sept 5 arrival. The lowest offer was 217.25 $/mt c&f + 1.00 $/mt surcharge for additional port unloading

- Weekly US corn export sales data for week ended Mar 29 of 909,300 MT, incl. 898,300 MT for 2017/18 (below trade expectations of 1.2-1.5 MMT). Export commitments for 2017/18 are running 2% behind of year-ago

- EU this season in period of Jul 1-Apr 3, 2017/18 imported 13.178 MMT of corn (maize) vs. 8.749 MMT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 exported 928,770 MT of corn vs. 1.929 MMT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 exported 4.393 MMT of barley vs. 4.116 MMT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 exported 2.157 MMT of malt in barley equivalent vs. 2.264 MMT a year ago

- FranceAgriMer said 74% of France’s winter barley crops were in good to excellent condition as of Apr 1, compared with 75% a week earlier and vs. 85% a year ago

- FranceAgriMer estimated spring barley planting 78% done as of Apr 1 (67% a week-ago), behind of last year’s pace of 99%

- Ukraine’s Ag Min estimated early spring grain planting 6% done as of Apr 6. Ukrainian farmers planted 138,000 ha of spring crops, thereof 82,000 ha of barley (or 5% of planned area), 51,000 ha of peas (or 12%), 3,000 ha of oats (or 1%) and 2,000 ha of wheat (or 1%)

- Russian farmers have sown 135,800 ha of spring barley or 1.8% of planned area as of April 6 vs. 475,100 ha a year ago

- FAO raised its estimate of global corn production in 2017 to a record 1,087 MMT from 1,084.4 MMT projected in Mar, indicating a 3.9% (40.6 MMT) growth from 2016. Stocks (ending in 2018) adjusted downwards by 5.7 MMT but still at a record of 247.2 MMT (241 MMT in 2016/17)

SOYBEAN

- Apr 6 - USDA announced export sales of 588,632 MT of US soybeans for delivery:

  • 130,632 MT to Mexico during 2017/18 (65,316 MT) and 2018/19 (65,316 MT);
  • 458,000 MT to unknown destinations during 2017/18 (327 TMT) and 2018/19 (131 TMT)

- Apr 6 - USDA announced export sales of 20,000 MT of US soybean oil for delivery to unknown destinations during 2017/18

- Apr 6 - Argentina registered for export 77,143 MT of soymeal, 90,528 MT of soybeans, and 37,000 MT of soybean oil

- Apr 5 - Philippines bought 90,000 MT of US soybean meal at $59 over the August soymeal contract, C&F (about 487 $/mt c&f) for July-August shipment

- Weekly US soybeans export sales data for week ended Mar 29 of 1,491,200 MT, incl. 1,133,000 MT for 2017/18 (well above market expectations of 600-900 TMT). Export commitments for 2017/18 are running 7% behind of year-ago

- Weekly US soymeal export sales data for week ended Mar 29 of 414,300 MT for 2017/18 (topped market expectations of 150-300 TMT). Export commitments for 2017/18 are running 6% ahead of year-ago

- Buenos Aires Grain Exchange lowered its forecast for Argentina's 2017/18 soybean crop by 1.5 MMT to 38 MMT, down 34% vs. 57.5 MMT in 2016/17

- FAO’s soybean 2017/18 global production estimate lowered significantly to 336.8 MMT from 345.2 MMT in Mar (348.8 MMT in 2016/17), mostly reflecting a sharp downward revision for Argentina. Forecast of 2017/18 global soybean stocks revised down sharply to a four-year low of 42 MMT from 47.3 MMT in Mar and vs. 51.4 MMT in 2016/17

- EU this season in period of Jul 1-Apr 3, 2017/18 imported 9.571 MMT of soybeans vs. 10.153 MMT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 imported 14.303 MMT of soymeal vs. 13.519 MMT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 imported 3.08 MMT of rapeseed vs. 3.09 MMT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 imported 408,319 MT of sunflowerseed vs. 714,290 MT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 imported 2.809 MMT of sunflower meal vs. 2.564 MMT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 imported 1.281 MMT of sunflower oil vs. 1.057 MMT a year ago

- EU this season in period of Jul 1-Apr 3, 2017/18 imported 4.653 MMT of palm oil vs. 4.512 MMT a year ago

- Indian March oilmeal exports were 75,393 MT, down 56% from the year ago period. Indian export of oilmeals during April-March 2017/18 rose 51% to 2.84 MMT compared to 1.885 MMT during the same period of last season. Indian Apr-Mar 2017/18 soymeal exports are estimated at 1.157 MMT, up 26% from the year prior

- Ukraine's Ag Min reports that 99% of Ukraine's winter rapeseed crops were emerged; about 89% of emerged crops are in good to satisfactory condition

- Malaysia decided to extend an export duty exemption on crude palm oil until the end of April

Grain Ukraine 2018

FeedDinner 2018