WHEAT

- Mar 31 - South Korea's DongAOne, Korea Flour Mills, Samyang Corp and Daesun Flour Mills bought a total of 33,000 MT of US wheat for shipment between July and August:

  • 4,000 MT of western/soft white, max. 10.5% protein, at 198.48 $/mt fob;
  • 6,400 MT of western/soft white, max. 10.5% protein, at a premium of 69.00 cents/bushel over the Chicago July wheat contract;
  • 2,000 MT of western/soft white, max. 8.5% protein, at 236.94 $/mt fob;
  • 9,500 MT of hard red winter, min. 11.5% protein, at 202.18 $/mt fob;
  • 11,100 MT of dark/northern spring, min. 14.0% protein, at 222.80 $/mt fob

- Indonesian importers in the past week purchased about 80,000 MT of feed wheat, likely from Argentina, for April shipment in two consignments, one of about 50,000 MT at around 175 $/mt c&f and one of 30,000 MT

- Mar 31 - Argentina grants export licenses for 92,607 MT of feed and milling wheat

- Ukraine's Ag Min said Ukraine exported 30.52 MMT of grain between July 1-Apr 1, 2015/16, up 12.9% from 27.044 MMT for the period July 1-Mar 31, 2014/15, including:

  • wheat – 12.883 MMT (vs. 9.697 MMT a year ago);
  • corn – 13.407 MMT (vs. 12.999 MMT);
  • barley – 4.044 MMT (vs. 4.069 MMT);
  • others – 186 TMT (279 TMT)

- USDA estimates US all-wheat plantings at 49.559 million acres (20.06 mln ha), well below the analysts' forecasts ranging from 50.669 to 54.845 mln acres (51.702 – average)

- USDA pegged US March 1 wheat stocks at 1.372 billion bushels, above the average analyst estimate of 1.356 billion (1.325-1.46 – range)

- Weekly US wheat export sales data for week ended March 24 of 402,800 MT, incl. 317,200 MT for 2015/16 and 85,600 MT for 2016/17, were within trade expectations (150-350 TMT for 2015/16 and 75-200 TMT for 2016/17). Total current marketing-year US wheat export sales are 16% behind the same point last year

- EU in week ended March 25 awarded licenses to import 3,200 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded almost 835,634 MT or 88% out of a total volume of 950,000 MT available in 2016

- EU in week ended March 29 granted licenses to export 970 TMT of soft wheat, bringing the total this season to 22.155 MMT vs. 24.423 MMT a year ago

- FranceAgriMer said 92% of soft wheat crops were in good and excellent condition as of Mar 28, unchanged from last week and still the highest level for the period in five years (91% on the comparable date last year); durum rating at 86% in good to excellent vs. 88% last week and vs. 89% a year ago

- Farmers in the east of Australia may be forced to sow wheat in dry land as much-needed rains are yet to arrive due to a lingering El Nino weather pattern

- Mar 31 - Thailand sold 98,273 MT of rice from state stockpiles to private companies for industrial use in the second lot of second auction of the year

- Mar 28 - South Korea's Agro-Fisheries &Food Trade Corp. purchased around 7,700 MT of rice from Thailand at 427.80 $/mt for September arrival

- Egypt will ban rice exports from April 4 in order to preserve stocks for the local market and to combat rising prices

CORN

- Apr 1 - South Korea's NOFI bought 272,000 MT of corn from the US or South America for July and August arrival:

  • 3 x 68,000 MT at 171 $/mt c&f plus a 1.25 $/mt surcharge for unloading at an additional port for arrival around July 20, July 30 and Aug 10
  • 68,000 MT at a c&f premium of 76.6 cents over the Chicago September corn contract plus a 1.2 $/mt surcharge for unloading at an additional port for arrival around Aug 20

- Mar 31 - Argentina grants export licenses for 100,000 MT of barley and 20,675 MT of corn

- Indonesia will soon issue rules on corn imports that require feedmills to import via the state procurement agency (Bulog)

- USDA report showed US farmers are planning to boost corn seedings by 6.4% this year to 93.601 million acres (37.88 million hectares), which would be the third-highest level since 1944, and sharply above the market expectations (89.972 – avg., 89-91 mln bu – range)

- USDA pegged US March 1 corn stocks at 7.808 billion bushels, above the average analyst estimate of 7.801 billion ( 7.7-7.975 – range) and the largest for the quarter since 1987

- Weekly US corn export sales data for week ended Mar 24 of 860,200 MT, incl. 790,600 MT for 2015/16 and 69,600 MT for 2016/17 were at a low end of trade forecasts (800-1000 TMT for 2015/16 and 0-100 TMT for 2016/17). Total current marketing-year US corn export sales are 15% behind the same point last year

- 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 12.9% completed as of Mar 31, ahead of last year's pace of 11.4%

- EU in week ended Mar 29 awarded 147 TMT of corn (maize) import certificates, taking the volume so far this season to 10.446 MMT vs. 6.902 MMT a year ago

- EU in week ended Mar 29 granted licenses to export 35 TMT of corn, bringing the total this season to 1.21 MMT vs. 2.3 MMT a year ago

- EU in week ended Mar 29 granted licenses to export 87 TMT of barley, bringing the total this season to 8.024 MMT vs. 6.681 MMT a year ago

- EU in week ended Mar 25 awarded licenses to import 1,500 MT of Ukrainian barley under an annual duty-free quota, bringing the total to 10,926 MT or 4.4% out of a total volume of 250,000 MT available in 2016

- FranceAgriMer said 91% of France's winter barley crops were in good to excellent condition as of Mar 28, unchanged on the prior week and equalling the year-ago score that was the highest since 2012

- FranceAgriMer estimated spring barley planting 98% done as of Mar 28, behind of last year's pace of 100%

- Mali expects grain production in the 2016/17 season to rise by about 10% to 8.8 MMT, leaving a 3.1 MMT surplus

- Ukrainian farmers have sown 1,269,500 ha of early spring grain or 50% of the initial area as of March 31 vs. 1.4 mln ha (or 58%) a year ago. Ukraine's Ag Min estimates spring barley planting 49% (or 953,800 ha) done vs. 1.1 mln ha a year ago

- Russian Ag Min estimated spring planting 1.8% (or 969,700 ha) done as of April 1 vs. 1,253,800 ha a year ago. Of the total Russian farmers planted 679,900 ha of spring grain or 2.2% of planned area vs. 974,500 ha a year ago

SOYBEAN

- Mar 31 - Egypt's FIHC canceled tender to buy 40,000 MT of soyoil and 30,000 MT sunoil after receiving no offers

- Mar 31 - Argentina grants export licenses for 70,000 MT of soymeal and 12,380 MT of soyoil

- USDA expects US soybean plantings at 82.236 million acres (33.28 mln ha), which would be the third-highest ever, but below the average trade forecast of 83.057(81.6-84.2 – range). However, final acreage would probably shift, due to firmer soybean prices, since the USDA's survey was concluded earlier last month, and as some farmers in flooded areas of the South may replant corn fields with soybeans

- USDA pegged US March 1 soybean stocks at 1.531 billion bushels, below trade expectations for 1.556 billion (1.425-1.615 – range)

- Weekly US soybean export sales data for week ended Mar 24 of 361,500 MT, incl. 271,500 MT for 2015/16 and 90,000 TMT for 2016/17, were below the trade expectations ranging from 375,000 to 900,000 MT (300-600 TMT for 2015/16 and 75-300 TMT for 2016/17). Total current marketing-year US soybean export sales are 9% behind the same point last year

- Buenos Aires Grain Exchange raised its forecast for 2015/16 Argentine soy crop to 60 MMT from 58 MMT previously, down marginally from 2014/15 crop (60.8 MMT). Harvesting of Argentine soybean crop was 7.6% completed as of Mar 31, just above last year's pace of 7%

- Buenos Aires Grain Exchange maintains its forecast for 2015/16 Argentine sunflower crop at 2.45 MMT, down 2% from 2014/15 crop (2.5 MMT). Harvesting of Argentine sunseed crop was 86.3% completed as of Mar 31, behind of last year's pace of 86.9%