WHEAT

- Apr 12 - Jordan seeks 100,000 MT of optional origin hard milling wheat

- Apr 8 - South Korea's Daehan Flour Mill Co Ltd bought 52,700 MT of US wheat for July 10-Aug 10 arrival:

  • 23,700 MT of western/soft white, max. 10.5% protein, at 189.32 $/mt fob
  • 1,100 MT of western/soft white, max. 8.5% protein, at 238.93 $/mt fob
  • 7,100 MT of hard red winter, min. 11.5% protein, at 196.21 $/mt fob
  • 20,800 MT of dark/northern spring, min. 14.0% protein, at 217.16 $/mt fob

- Apr 8 - Japan bought 137,486 MT of food wheat for May 21-June 20 shipment:

  • 14,640 MT of western white US wheat;
  • 41,350 MT of hard red winter US wheat;
  • 59,596 MT of Canadian western red spring wheat;
  • 21,900 MT of Australian standard white wheat for August shipment

- Apr 7 - Algeria's OAIC bought about 400,000-450,000 MT of milling wheat at 180-181 $/mt c&f for June shipment. The origin of the grain was optional but was most likely to be sourced from France

- Apr 7 - Morocco's ONICL bought 362,000 MT of EU soft wheat and 12,000 MT of EU durum wheat under a preferential tariff agreement for arrival by May 31

- Apr 7 - Egypt's GASC bought 60,000 MT of French wheat from Casillo at 192.34 $/mt c&f (181.69 $/mt fob+10.65 $/mt freight) for May 10-20 delivery

- Egypt's GASC changed the specifications for moisture content of imported wheat to be a maximum of 13% instead of 13.5%

- Blumberg's high-tech attempt to ease Egyptian grain drain. As Egypt begins its wheat harvest this month, storage systems from the grain logistics company will process and monitor about a quarter of the domestic crop for the first time. If the government signs up for a second fleet of storage sites, a decision expected by May 1, Blumberg will handle the country's entire crop by 2018

- Thai flour mills bought about 100,000 MT of US wheat in recent deals for September shipment: US soft white wheat at 215-220 $/mt c&f; hard red winter wheat with 12.5% protein at 240-245 $/mt c&f and spring wheat with 14.5% protein at 255-260 $/mt c&f

- Australia sold 25,000 MT of prime wheat with 10.5% protein at 222 $/mt fob Western Australia for May delivery for Indonesia or Malaysia

- Apr 5 - Morocco's ONICL bought 134,000 MT of soft wheat in the local market for subsidized flour production

- South Africa increased wheat import duty by 34% to 1,224.31 ZAR/mt from 911.2 ZAR/mt previously

- Weekly US wheat export sales data for week ended March 31 totaled 101,200 MT, incl. net cancellations of old-crop US wheat totaling 58,100 MT, the weakest results in the current marketing year (analysts had expected old-crop net sales of 150,000 to 350,000 MT); for 2016/17 sales of 159,300 MT exceeded expectation (50,000-150,000 MT). Total current marketing-year US wheat export sales are 17% behind the same point last year

- EU in week ended April 1 awarded licenses to import 77,451 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded almost 913,085 MT or 96.1% out of a total volume of 950,000 MT available in 2016

- EU in week ended April 5 granted licenses to export 467 TMT of soft wheat, bringing the total this season to 22.622 MMT vs. 25.493 MMT a year ago

- FranceAgriMer said 92% of soft wheat crops were in good and excellent condition as of Apr 4, 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 87% in good to excellent vs. 86% last week and vs. 88% a year ago

- France exported 1.1 MMT of soft wheat outside the EU in February (incl. 362 TMT to Morocco, 305 TMT to Algeria, 66 TMT to Indonesia and 66 TMT to Thailand), with Jul-Feb 2015/16 France's soft wheat shipments outside the EU at 6.8 MMT, up 2% on the year-earlier period. Total French soft wheat exports, including shipments within the EU, so far this season were down 5% at 11.4 MMT

- Euronext is working on developing Black Sea wheat futures to meet demand for price hedging in one of the world's largest production and export zones for the grain

- Lebanon said contaminated wheat imports were not Russian. Public Health Minister said he did not know the real origin of the wheat. He also said there were no plans to stop importing wheat

- AgResource says CME July wheat would drop nearly 14% to $4.00 per bushel, the lowest since September 2006

- AgResource forecasts Argentina's 2016/17 wheat crop at 17 MMT, up from 11 MMT last year

- Apr 12 - Iraq seeks at least 30,000 MT of rice from the US, Argentina or Uruguay for May-June shipment

- Cargill Inc reported a rise in third-quarter profit on stronger results in food ingredients and grain handling but warned about headwinds from oversupplied grain markets and low commodity prices

CORN

- Apr 7 - USDA announced export sales of 145,544 MT of US corn for delivery to Japan during 2015/16

- Apr 7 - Argentina grants export licenses for 50,342 MT of corn and 15,000 MT of barley

- Apr 7 - Morocco's ONICL received no offers to buy 8,100 MT of EU corn and various quantities of rice, peas, beans among other items under preferential tariff quota for arrival by May 31

- AgResource forecasts Argentina's 2016/17 corn harvest at 39-40 MMT, up from 27 MMT in 2015/16

- AgResource, in its first price forecast for 2016, pegged CME December corn to fall 25% to $2.80 per bushel as the harvest nears and it becomes the market's front month. That would be the lowest since October 2006 on a front-month contract

- Conab raised its Brazil's 2015/16 corn crop estimate to 84.66 MMT from its March projection of 83.52 MMT

- Weekly US corn export sales data for week ended Mar 31 of 1,120,300 MT, incl. 945,200 MT for 2015/16 and 175,100 MT for 2016/17 were in line with trade forecasts (800-1000 TMT for 2015/16 and 0-200 TMT for 2016/17). Total current marketing-year US corn export sales are 14% behind the same point last year

- EU in week ended Apr 5 awarded 448 TMT of corn (maize) import certificates, taking the volume so far this season to 10.894 MMT vs. 7.064 MMT a year ago

- EU in week ended Apr 5 granted licenses to export 13 TMT of corn, bringing the total this season to 1.223 MMT vs. 2.465 MMT a year ago

- EU in week ended Apr 5 granted licenses to export 92 TMT of barley, bringing the total this season to 8.116 MMT vs. 6.852 MMT a year ago

- FranceAgriMer said 91% of France's winter barley crops were in good to excellent condition as of Apr 4, unchanged on the prior week and equalling the year-ago score that was the highest since 2012. Spring barley planting was 100% complete

- FranceAgriMer estimated France's corn planting 1% done as of Apr 4, matched last year's pace

- Ukrainian farmers have sown 1.847 mln ha of early spring grain or 74% of the initial area as of April 8 vs. 1.688 mln ha a year ago. Ukraine's Ag Min estimates spring barley planting 72% (or 1.375 mln ha) done vs. 1.268 mln ha a year ago

- Ukrainian farmers started maize sowing taking advantage of unusually warm weather. Ukraine's Ag Min estimated corn planting 1% (or 43,000 ha) done as of Apr 8 compare to zero a year ago

- Russian Ag Min estimated spring planting 2.8% (or 1.484 mln ha) done as of April 7 vs. 1.744 mln ha a year ago. Of the total Russian farmers planted 911,800 ha of spring grain or 2.9% of planned area vs. 1.134 mln ha a year ago

- Russian farmers started maize sowing and about 1% (or 31,000 ha) was planted as of Apr 7

- 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 18% completed as of Apr 7, ahead of last year's pace of 17.1%

- 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 15.5% completed as of Apr 7, behind of last year's pace of 17.7%

SOYBEAN

- Apr 7 - Argentina grants export licenses for 60,030 MT of soybeans and 235,000 MT of soybean oil

- Apr 7 - Argentina grants export licenses for 11,000 MT of sunflower oil and 22,025 MT of sunflower meal

- Pakistani importers in the past three weeks have purchased about 102,000 MT of sunflower meal for April-May shipments:

  • 40,000 MT from Argentina at around 215-218 $/mt c&f Karachi
  • 62,000 MT from Ukraine at around 225 $/mt c&f

- AgResource says CME November soybean would fall 17% to $7.60 per bushel, the lowest since May 2007

- Weekly US soybean export sales data for week ended Mar 31 of 421,900 MT, incl. 420,400 MT for 2015/16 and 1,500 TMT for 2016/17, were above the trade expectations ranging from 150,000 to 550,000 MT (150-350 TMT for 2015/16 and 0-200 TMT for 2016/17). Total current marketing-year US soybean export sales are 8% behind the same point last year

- FC Stone trimmed its soybean crop estimate for Brazil by 1.1 MMT to 97.5 MMT

- Conab lowered its Brazil's 2015/16 soybean production estimate from 101.18 to 98.98 MMT this month

- Buenos Aires Grain Exchange maintains its forecast for 2015/16 Argentine soy crop at 60 MMT, down marginally from 2014/15 crop (60.8 MMT). Harvesting of Argentine soybean crop was 13.7% completed as of Apr 7, near last year's pace of 13.8%

- Buenos Aires Grain Exchange raised its forecast for 2015/16 Argentine sunflower crop to 2.5 MMT from 2.45 MMT previously, now equalling 2014/15 crop (2.5 MMT). Harvesting of Argentine sunseed crop was 95.2% completed as of Apr 7, matched last year's pace

- Ukrainian farmers have sown 381,000 ha of sunflower or 8% of planned area as of April 8 vs. 27,000 ha a year ago

- Russian farmers have sown 72,400 ha of sunflower or 1% of planned area as of April 7 vs. 63,200 ha a year ago

- Richardson International, one of Canada's two largest grain handlers, may raise the price of canola shipments to China to reflect Beijing's costly higher standard