<img height="1" width="1" style="display:none;" src="https://www.facebook.com/tr?id=567935313412446&ev=PageView&noscript=1"/>

WHEAT

- Apr 12 - Japan seeks 128,543 MT of food wheat for May-June shipments:

  • 35,630 MT of hard red winter US wheat;
  • 32,430 MT of dark northern spring US wheat;
  • 34,883 MT of Canadian western red spring wheat;
  • 25,600 MT of Australian standard white wheat

- Apr 11 - Japan bought 350 MT of feed wheat for Sept 28 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 18

- Apr 8 - The lowest offer in Iraq’s tender for 50,000 MT of hard wheat came in at 300.75 $/mt c&f for Australian wheat from ADM. Other Australian offers were in range 305.4-314.5 $/mt c&f. The US wheat offers were at 332.3-366.6 $/mt c&f, and Canadian wheat at 319 $/mt c&f. Iraq has extended the offer deadline in the tender with offers now remaining valid until Apr 16. The tender had closed on Apr 8 with offers initially remaining valid up to Apr 12

- Apr 9 - Argentina registered 200,484 MT of wheat for export

- Asian buyers have in past days purchased an unknown volume of feed wheat from Moldova for shipment in containers at around 228 $/mt c&f Klang (Malaysia) for April-May shipment and 230 $/mt for June-July shipment; at 234 $/mt c&f Indonesian ports for April-May shipment; at 240 $/mt c&f Yangon (Myanmar) for August shipment

- US wheat export inspections for week, ending Apr 5, recorded 430,080 MT, within trade expectations (300,000-500,000 MT). Inspections for 2017/18 are running 9.4% behind of year-ago

- USDA rated 30% of the US winter wheat crop in good to excellent condition as of April 8, down from 32% a week earlier and 53% a year ago. The figure fell below an average of analyst expectations for 31%

- USDA raised 2017/18 global wheat production forecast by 1 MMT to 759.8 MMT, mainly on a larger crop for Morocco. Global trade is forecast down fractionally but remains a record. Imports are forecast up for Algeria, Japan, Kenya, Philippines, and Turkey. Exports are projected higher for Argentina, Kazakhstan, and Russia but lower for Australia and the EU

- USDA raised global wheat carryover for 2017/18 to a record 271.22 MMT, up by 2.33 MMT from Mar estimate and above the range of trade estimates (268.16 MMT– avg. pre-report expectation, 266.5-270.0 – range)

- Ukraine's Ag Min said Ukraine exported 31.75 MMT of grain between July 1-Apr 11 2017/18 vs. 35 MMT for the same period last season, including:

  • wheat – 14.48 MMT (vs. 14.98 MMT a year ago);
  • corn – 12.95 MMT (14.92 MMT);
  • barley – 4.14 MMT (4.9 MMT)

- Iraq's grain board warned its branches across the country against accepting imported wheat during the season when the grain should be purchased from local growers

- Algeria's cereal output in 2018 is expected to be much higher than last year's 3.5 MMT due to good rainfall

- FranceAgriMer lowered its forecast for French soft wheat stocks at the end of the 2017/18 to 2.661 MMT from 3.169 MMT projected last month (2.944 MMT in 2016/17). Projected exports outside the EU were lowered from 8.5 to 8.3 MMT, but up 67% from 4.971 MMT in 2016/17, while forecast of shipments within the EU was upped from 8.532 to 8.937 MMT, up 36.3% from 6.259 MMT in 2016/17

- France's farm ministry put the soft wheat sowing area for this year's harvest at 4.975 million hectares, virtually unchanged from 4.963 million in 2017 and nearly 1.5% below the average of the past five years

- Conab maintains its forecast for 2018 wheat production at 4.657 MMT compared to 4.264 MMT last year. They forecast wheat imports this year at 6.5 MMT, unchanged from 2017

- Egypt set its local wheat buying price at 570-600 Egyptian pounds ($32-$34) per ardeb (150 kilograms)

CORN

- Apr 11 - Argentina registered 300,000 MT of corn for export

- Apr 10 - Argentina registered 103,628 MT of corn for export

- Apr 6 - South Korea’s Major Feedmill Group (MFG) purchased about 125,000 MT of optional-origin corn:

  • 65 TMT of corn from Cargill at 220 $/mt c&f + 1.5 $/mt surcharge for additional port unloading for Sept 15 arrival,
  • 60 TMT of corn from Avere at 219.75 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Sept 30 arrival

- US corn export inspections for week, ending Apr 5, reported 1,937,040 MT, topped market expectations (1-1.4 MMT). Inspections for 2017/18 are running 23.4% behind of year-ago

- USDA said the US corn crop was 2% planted by April 8, in line with trade expectations and the five-year average, but down from 3% a year ago

- USDA cut its forecast of global corn production in 2017/18 by 5.7 MMT to 1,036.1 MMT this month with reductions for Argentina, Brazil, and Paraguay. Global corn trade is down with lower imports for Iran, Malaysia, Taiwan, Chile, and Mexico

- USDA cut its forecast of 2017/18 world corn ending stocks by 1.39 MMT to 197.78 MMT, slightly above the average of trade estimates (197.29 MMT– avg. pre-report expectation, 191.5-202.0 – range), but down from 230.9 in 2016/17

- Conab upped its forecast of Brazil's 2017/18 corn crop to 88.618 MMT from 87.279 MMT in March, but less than 97.843 MMT last season with second crop at 63.018 MMT (67.381 MMT in 2016/17). Conab raised its forecast for Brazil corn exports by 2 MMT to 32 MMT (30.837 MMT in 2016/17). Ending stocks are forecasted at 15.828 MMT vs. 17.711 MT in 2016/17

- FranceAgriMer upped its forecast for French corn stocks at the end of the 2017/18 to 2.81 MMT from 2.702 MMT in Mar, up vs. 1.95 MMT in 2016/17. France's 2017/18 corn exports are forecasted at 5.278 MMT (5.318 MMT – previous forecast) vs. 4.691 MMT a year ago

- FranceAgriMer lowered its forecast of France's 2017/18 barley ending stocks to 1.028 MMT from 1.143 MMT in Mar and against 1.072 MMT in 2016/17. France's 2017/18 barley exports (without malt) is expected at 6.681 MMT (6.568 MMT – previous forecast) up 26.5% from 5.281 MMT a year ago

- France's farm ministry projected lower barley sowings this year, pegging the total area at 1.854 mln ha, down 2.8% from 2017 but up 2.3% from five-year average

- Ukraine’s Ag Min estimated early spring grain planting 23% done as of Apr 11. Ukrainian farmers planted 551,000 ha of spring crops, thereof:

  • 362,000 ha of barley (or 23% of planned area) vs. 1.4 million ha a year ago;
  • 142,000 ha of peas (or 34%) vs. 358,000 ha;
  • 21,000 ha of oats (or 10%) vs. 185,000 ha;
  • 27,000 ha of wheat (or 15%) vs. 144,000 ha

SOYBEAN

- Apr 17 - South Korea’s Agro-Fisheries & Food Trade Corp seeks a total 10,000 MT of non-GM soybeans for Jun-Oct arrival

- Apr 12 - Egypt's GASC seeks 10,000 MT optional-origin sunoil for June 15-30 and 30,000 MT soyoil for June 1-15 arrival

- Apr 11 - USDA announced export sales of 261,518 MT of US soybeans for delivery during 2018/19:

  • 120,000 MT to Argentina;
  • 141,518 MT to Mexico

- Apr 10 - USDA announced export sales of 531,000 MT of US soybeans for delivery:

  • 120,000 MT to Argentina during 2018/19;
  • 132,000 MT to China during 2018/19;
  • 279,000 MT to unknown destinations during 2017/18

- Apr 9 - USDA announced export sales of 232,500 MT of US soybeans for delivery to unknown destinations during 2017/18

- Apr 10 - Argentina registered 256,920 MT of soymeal for export

- Apr 10 - Iran’s GTC is not believed to have made any purchase in its international tender to buy 30,000 MT of soybean oil for May 15-June 15 shipment

- US soybean export inspections for week, ending Apr 5, reported 373,940 MT, below trade estimates (500,000-800,000 MT). Inspections for the 2017/18 marketing year are running 12.4% behind of year-ago

- USDA trimmed its 2017/18 US soybean ending stocks forecast to 550 million bushels, down from 555 million last month and below an average of analyst estimates for 574 million

- USDA cut its estimate of 2017/18 global soybean production by 6 MMT to 334.8 MMT, down 4.5% (or 16 MMT) from last year's record level. Soybean production is down in Argentina, more than offsetting higher Brazil production

- USDA lowered its forecast of 2017/18 world soybean ending stocks by 3.6 MMT to 90.8 MMT, below the range of trade estimates (92.95 MMT– avg. pre-report expectation, 91-96 – range) and down from 96.72 in 2016/17

- Dr. Michael Cordonnier lowered his forecast of Argentina’s 2017/18 soybean crop this week by 1 MMT to 39 MMT

- Conab raised its forecast of Brazil's 2017/18 soy output to a new record of 114.962 MMT from 113.025 MMT in Mar and compared to previous crop of 114.075 MMT. Conab kept its forecast of Brazil’s soybeans export at 67.5 MMT (68.155 MMT in 2016/17). Ending stocks are forecasted to rose to 2.503 MMT from 1.922 MMT in 2016/17

- Abiove upped its forecast of Brazil's 2018 soybean crop by 2.7 MMT to 117.4 MMT. Abiove also raised its forecast of 2018 soybean exports by 2.4 MMT to 70.4 MMT (68.1 MMT in 2017)

- AgRural raised its forecast of Brazil’s 2017/18 soybean crop to 119 MMT from 117.9 MMT last month

- France's farm ministry estimated the total rapeseed area this year at 1.499 mln ha, up 6.4% from 2017 and about 1.2% above five-year average

- MPOB estimated Malaysian crude palm oil production in March at 1.574 MMT, above average expectation of 1.495 MMT and up 17.2% from 1.343 MMT in February. Malaysia's palm oil stocks at end-March fell 6.2% from the previous month to 2.323 MMT, but topped the average market expectation of 2.265 MMT. Malaysian March palm oil exports rose by 19.2% to 1.565 MMT, in line with average expectation

- Surveyor AmSpec Agri Malaysia estimated Malaysia's April 1-10 palm oil exports at 449,997 MT up 25.6% from a month ago

- Surveyor SGS estimated Malaysia's April 1-10 palm oil exports at 450,659 MT up 32.6% from a month ago

FeedDinner 2019