WHEAT

- Apr 7 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for May 10-20 shipment

- Apr 7 - Algeria seeks a nominal volume of 50,000 MT of optional origin milling wheat for June shipment. The deadline for offer submission is April 7, with offers valid until April 8

- Apr 7 - South Korea's CJ Cheijedang Corp bought 45,000 MT of Australian wheat from CBH Group for Aug 15-Sep 15 shipment:

  • 38,300 MT of Australian standard white, 10.3-11.0% protein, at 231.5 $/mt fob
  • 3,700 MT of Australian hard, min. 11.5% protein, at 232.5 $/mt fob
  • 3,000 MT of Australian premium white, min. 10.5% protein, at 224.0 $/mt fob

- Apr 6 - Argentina grants export licenses for 30,000 MT of milling wheat and 4,462 MT of wheat flour

- Millers and wheat importers in Morocco have asked the government to extend a current import window to May 31 instead of April 30 and to allow an earlier start to next season's imports (from August) as drought threatens to slash the local harvest. Morocco's import campaign typically runs from October until the end of April, after which import tariffs are raised in order to protect the local harvest. Cereal production in Morocco is expected to drop from a record 11 MMT last year to 4-5 MMT in 2016

- USDA attaché in Argentina forecasts 2016/17 wheat production at 14 MMT, an increase of 27% compared to the current season

- Informa Economics projected US winter wheat production for the 2016/17 marketing year at 1.377 billion bushels, which would be up 7 million bu from year-ago

- Informa Economics pegs the EU 2016 wheat crop at 152 MMT, up 2 MMT from its previous forecast

- FAO lowered its 2016 global wheat production estimate to 712.7 MMT, down by 10 MMT from the March figure and vs. 733.0 MMT in 2015. The year-on-year decrease is mainly the result of expected declines in Russia, Ukraine and Morocco

CORN

- Apr 6 - Argentina grants export licenses for 80,000 MT of corn

- Informa Economics upped its estimate for Argentina's 2015/16 corn harvest to 27.5 MMT from 27 MMT previously

- Informa Economics raised its estimate for Brazil's 2015/16 all-corn production by 1.2 MMT to 83.7 MMT from 82.5 MMT last month

- Informa Economics trimmed its 2016 EU corn crop estimate by 1.5 MMT to 65.0 MMT

- Informa Economics trimmed its 2016 Chinese corn crop forecast by 5 MMT to 215 MMT

- Celeres raised its 2015/16 corn crop estimate for Brazil by 400,000 MT to 87.5 MMT

- USDA attaché in Brazil forecasts 2016/17 corn production at a record 86 MMT

- USDA attaché in Argentina forecasts 2016/17 corn production at a record 31.5 MMT (27 MMT in 2015/16)

- China aims to reduce corn planting in parts of its northern and northeastern farming belts by about 8.2 million acres (3.3 million hectares) by 2020; around 1.6 million corn acres would be reduced this year alone

- FAO says that global corn production to rise by 1.1% (or 11.5 MMT) to nearly 1,014.0 MMT in 2016. Most of the increase reflects expectations of gains in the EU and the US

- US Ethanol production for the week ended Apr 1 decreased by 16,000 barrels to 976,000 barrels per day, but it is up 4.3% from last year's level of 936,000 bpd. Stocks fell by 808,000 barrels to 22.214 million barrels, but up 8.5% vs. 20.483 million barrels a year ago

- Monsanto Co reported a 25.4% fall in quarterly profit, hurt by steep discounting on its seeds and a stronger dollar

SOYBEAN

- Apr 6 - Argentina grants export licenses for 273,680 MT of soymeal

- Informa Economics raised its estimate for 2015/16 Argentine soybean production to 59.5 MMT from 59 MMT last month

- Informa Economics lowered its 2015/16 soybean crop estimate for Brazil by 800,000 MT to 100.5 MMT

- Celeres raised its soybean crop peg for Brazil by 800,000 to 99.9 MMT

- USDA attaché in Brazil forecasts 2016/17 soybean production at 103 MMT, an increase of 3% compared to the current season

- USDA attaché in India forecasts 10% increase in oilseed production for 2016/17 crop to 35.4 MMT vs. 32.1 MMT in 2015/16; soybean crop to rise 38% to 11 MMT