WHEAT

- Mar 11 - Tunisia bought 100,000 MT of optional origin soft milling wheat:

  • 25,000 MT from Nidera at 175.89 $/mt c&f for shipment between June 10-30;
  • 25,000 MT from Nidera at 175.39 $/mt c&f for shipment between July 1-10;
  • 25,000 MT from Nidera at 175.16 $/mt c&f for shipment between July 10-20;
  • 25,000 MT from Bunge at 177.32 $/mt c&f for shipment between July 10-20

- Philippines bought 27,000 MT of EU feed wheat for June shipment

- Traders say that a good part of the 870,000 MT of wheat Saudi Arabia bought in its tender in late February is being sourced in Germany, while there is also a busy line up of ships loading wheat in German ports. Ships now loading or set to load wheat in German ports include 120,000 MT for Kenya, 60,000 MT for Turkey, 60,000 MT for Oman, 55,000 MT for Sri Lanka, 50,000 MT for South Africa and 22,000 MT for the UAE

- EU in week ended March 8 granted licenses to export 991 TMT of soft wheat, bringing the total this season to 19.396 MMT vs. 21.328 MMT a year ago. The big weekly volume was partly inflated by a data correction. The correction came after a member country previously declared some export certificates as durum wheat instead of soft wheat

- EU in week ended March 4 awarded licenses to import 7,627 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded almost 725,990 MT or 76.4% out of a total volume of 950,000 MT available in 2016

- FranceAgriMer said 93% of soft wheat crops were in good and excellent condition as of Mar 7, down a point from last week but still above 91% on the comparable date last year, and the highest number in the last five seasons; durum rating at 88% in good to excellent vs. 89% a week ago and vs. 85% a year ago

- Grain lobby Coceral pegged EU's 2016 soft wheat at 145.2 MMT, down from a record 150.3 MMT in 2015. The biggest reduction of production is expected for France (to 38.8 MMT from 40.3 MMT in 2015); UK (15.0 vs. 16.2 MMT); Hungary (4.5 vs. 5.3 MMT); Romania (6.9 vs. 7.6 MMT). Spain may harvest bigger crop of 5.9 MMT vs 5.2 MMT last year

- Weekly US wheat export sales data for week ended March 3 of 433,500 MT, incl. 330,600 MT for 2015/16 were within trade expectations (200-500 TMT). Total current marketing-year US wheat export sales are 17% behind the same point last year

- Weather concerns included the expansion of abnormally dry conditions in some areas of the southern Plains hard red winter wheat belt and heavy rains in the Delta and southern Midwest, where farmers are preparing to plant crops, including corn

- Ukraine's Ag Min said Ukraine exported 27.732 MMT of grain between July 1-Mar 10, 2015/16, up 9% from 25.391 MMT for the same period last year, including:

  • wheat – 12.057 MMT (vs. 9.414 MMT a year ago)
  • barley – 3.965 MMT (vs. 3.872 MMT)
  • corn – 11.536 MMT (vs. 11.847 MMT)
  • others – 174 TMT (258 TMT)

- Ukraine's Ag Min reports that 93% (or 6.6 mln ha) of Ukraine's winter grain crop had sprouted as of March 10, unchanged from the end of February but down from 99% (or 7.9 mln ha) a year ago. About 70% of emerged crops were in good to satisfactory condition, up from 67% at the end of February but down from 83% last year

- Russia's Ag Min said Russia exported about 25.962 MMT of grain between July 1-Mar 9, 2015/16, up by 3.2% from 25.149 MMT a year ago, including:

  • wheat – 19.244 MMT (19.172 MMT a year ago);
  • barley – 3.632 MMT (3.965 MMT);
  • corn – 2.868 MMT (1.65 MMT);
  • others – 218 TMT (362 TMT)

- Russia has 3,032,400 MT of grain in its federal intervention fund as of March 11

- Kazakh Ag Min said Kazakhstan exported 5.931 MMT of grain between July 1-March 10, 2015/16 vs. 4.572 MMT a year ago, incl. flour – 1.955 MMT in wheat equivalent vs. 1.737 MT in the same period of 2014/15

- Australia's largest wheat exporter, Co-operative Bulk Handling Ltd (CBH), on Monday rejected a proposal to buy and list the group, but said it would review its structure and had received expressions of interest from other parties

CORN

- Mar 11 - USDA announced export sales of 170,800 MT of US corn for delivery to Japan during 2015/16

- Mar 11 - Tunisia bought 25,000 MT of optional origin feed barley from Glencore at 166.69 $/mt c&f for June 10-20 shipment

- Mar 8 - Algeria's OAIC bought at least 125,000 MT of optional origin feed barley at around 170-171 $/mt c&f for April-May shipment. Some of the barley was likely to be sourced from France

- Venezuela bought 18,000 MT of US corn and 10,000 MT of US soymeal for May shipment

- Zambia is likely to produce 2.4 MMT of maize in the current 2015/16 crop season, down from 2.6 MMT the previous season due to drought

- Weekly US corn export sales data for week ended Mar 3 of 1,192,300 MT, incl. 1,172,300 MT for 2015/16 came near the top end of trade forecasts ranging from 800 to 1200 TMT. Total current marketing-year US corn export sales are 20% behind the same point last year

- Conab raised its Brazil's 2015/16 corn crop estimate by 180,000 MT from February to 83.52 MMT. The agency expects a first crop of 28.24 MMT and a second (safrinha) crop of 55.28 MMT

- Rosario grains exchange increased its 2015/16 corn crop estimate for Argentina from 24.2 to 24.5 MMT

- Buenos Aires Grain Exchange maintains its 2015/16 Argentine corn crop estimate at 25 MMT (28.2 MMT in 2014/15). Harvesting of Argentine corn crop was 2.6% completed as of Mar 10, behind of last year's pace of 3.4%

- Buenos Aires Grain Exchange forecasts 2015/16 Argentine sorghum crop at 3.6 MMT, up 100,000 MT from 2014/15 crop (3.5 MMT). Harvesting of Argentine sorghum was 2.3% completed as of Mar 10, behind of last year's pace of 2.9%

- EU in week ended Mar 8 awarded 228 TMT of corn (maize) import certificates, taking the volume so far this season to 9.944 MMT vs. 6.120 MMT a year ago

- EU in week ended Mar 8 granted licenses to export 29 TMT of corn, bringing the total this season to 1.136 MMT vs. 2.046 MMT a year ago

- EU in week ended Mar 8 granted licenses to export 185 TMT of barley, bringing the total this season to 7.462 MMT vs. 6.428 MMT a year ago

- Coceral forecasts EU's 2016 corn production at 63.2 MMT, up 8% from 58.5 MMT in 2015

- Coceral forecasts EU's 2016 barley harvest at 58.9 MMT, down 3.7% from 61.1 MMT in 2015

- FranceAgriMer said 91% of France's winter barley crops were in good to excellent condition as of Mar 7, down from 93% prior week but in line with year-ago levels

- FranceAgriMer estimated spring barley planting 32% done as of Mar 7, behind of last year's pace of 40%

- As of Mar 11 Ukrainian farmers planted 217,000 ha (or 8% of planned area) of spring crops vs. 77,000 ha a year ago. Ukraine's Ag Min estimated spring barley planting 9% (or 172,000 ha) done

- Russian Ag Min estimated spring grain planting 1% done as of Mar 11. Russian farmers planted 546,500 ha of spring crops vs. 167,400 ha a year ago

SOYBEAN

- Mar 11 - Philippines bought about 90,000 MT of soybean meal, likely from the US:

  • 45,000 MT at a premium of $38.50 c&f over the Chicago July soymeal contract (about 346.8 $/mt c&f) for shipment between June 25-July 15 (from Argentina or the US Gulf) or between July 10-Aug 14 (from the US PNW)
  • 45,000 MT at a premium of $42.50 c&f over the Chicago July soymeal contract (about 351.2 $/mt c&f) for shipment between June 10-July 30 (from Argentina or the US Gulf) or between July 25-Aug 14 (from the US PNW)

- Philippines bought 25,000 MT of US soymeal for May shipment

- Weekly US soybean export sales data for week ended Mar 3 of 478,500 MT, incl. 475,200 MT for 2015/16 were within the trade expectations ranging from 400,000 to 700,000 MT. Total current marketing-year US soybean export sales are 10% behind the same point last year

- Conab raised its Brazil's 2015/16 soybean production estimate from 100.93 to 101.18 MMT this month due to higher planted area and yields

- Brazilian soybean export prices have increased rapidly over the past week as port lineups expanded during harvest

- Rosario grains exchange raised its 2015/16 soybean crop estimate for Argentina by 500,000 MT to 59.0 MMT, citing better-than-expected yields in key production areas

- Buenos Aires Grain Exchange maintains its 2015/16 Argentine soy crop estimate at 58 MMT (60.8 MMT in 2014/15)

- Buenos Aires Grain Exchange raised its forecast for 2015/16 Argentine sunflower crop to 2.45 MMT from 2.3 MMT previously, down 2% from 2014/15 crop (2.5 MMT). Harvesting of Argentine sunseed crop was 48.1% completed as of Mar 10, well ahead of last year's pace of 35.3%

- Coceral expects 2016 EU rapeseed harvest at 21.56 MMT, slightly down from 21.8 MMT in 2015

- Coceral forecasts 2016 EU sunflower seed crop at 8.33 MMT, up 6.5% from 7.82 MMT in 2015

- Coceral forecasts 2016 EU soybean harvest at 2.3 MMT, up 17% from 1.96 MMT in 2015