WHEAT

- Apr 14 - Algeria's OAIC seeks 50,000 MT of durum wheat for June shipment

- Apr 13 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on April 20

- Apr 12 - Egypt's GASC bought 175,000 MT of Romanian and Ukrainian wheat for May 21-31 delivery:

  • 55,000 MT of Ukrainian wheat from Venus at 192.00 $/mt c&f (178.91 $/mt fob+13.09 $/mt freight from National Navigation Company)
  • 60,000 MT of Romanian wheat from Ameropa at 192.18 $/mt c&f (185.62 $/mt fob+6.56 $/mt freight from Ameropa)
  • 60,000 MT of Romanian wheat from Ameropa at 192.18 $/mt c&f (185.62 $/mt fob+6.56 $/mt freight from Ameropa)

- Jordan is studying changing the specifications and terms for importing wheat on the request of global suppliers

- FranceAgriMer lowered its French soft wheat stocks forecast from 6.019 to 5.451 MMT at the end of 2015/16, up from 2.52 MMT last year; and upped forecast for export outside the EU to 11.5 MMT from 11.0 MMT last month (11.368 MMT in 2014/15)

- USDA increased global 2015/16 wheat production estimate to 733.1 MMT, up by 0.8 MMT from previous estimate as larger crops in the EU and Argentina more than offset reductions in Ethiopia and Pakistan. Global trade is up fractionally this month, with upward revisions for Algeria, China, and others offset by diminished imports for Brazil, Iran, and Sudan. Exports for Argentina and Kazakhstan are raised, while the EU and the US are revised downward. USDA raised its outlook for world ending stocks of wheat by 1.7 MMT to a record of 239.29 MMT (214.83 in 2014/15), above the market forecasts (237.22 – avg. guess, 235.14-238.5 – range), largely due to increase in China

- USDA raised its outlook for domestic wheat supplies to the highest since 1987 due to weakening demand in the feed sector

- India's 2016/17 wheat imports are expected to surge more than five-fold to 2.75 MMT, the highest in a decade, as a severe drought push domestic output down to the lowest since 2011

- Chinese COFCO's stake in Nidera will increase to 65.5% in September from 51%

CORN

- Apr 12 - Argentina grants export licenses for 80,342 MT of corn

- Indonesia will limit maximum corn imports for feedmills to 1 MMT this year as domestic supply is expected to cover demand. Indonesian Ag Min estimated domestic corn production to reach 21.53 MMT, higher than last year's estimate of 19.83 MMT

- Dr. Michael Cordonnier lowered his Brazilian corn crop forecast by 1 MMT to 83 MMT (85.4 MMT in 2014/15), but left unchanged Argentine corn peg at 25 MMT (27 MMT in 2014/15)

- Dr. Michael Cordonnier trimmed his estimate of South America's 2015/16 corn crop this week from 113.3 to 112.3 MMT and vs. 116.2 MMT in 2014/15

- Safras&Mercado estimates Brazilian summer corn (first crop) harvest at 83% done compared to 63% a year ago

- Brazil's Ag Min plans to ask to suspend a 10% tariff on imports of the grain from non-Mercosur origins such as the US with corn prices hovering at record levels due to tight supplies

- Cargill's president of agricultural supply chain said that China may reduce its large corn stocks by increasing ethanol production or even exporting the grain

- USDA raised its 2015/16 global corn production estimate by 2.5 MMT, with larger crops for Argentina and Mexico. USDA projects global corn production in 2015/16 at 972.1 MMT vs. 1,012.8 MMT in 2014/15. Global corn trade is raised to a record level with larger imports for Vietnam and Mexico more than offsetting a cut to EU. Exports are boosted for Argentina, EU, Russia, and Ukraine. USDA raised its global 2015/16 world corn stock estimate to a record of 208.91 MMT from March estimate of 206.97 MMT, and near a high end of the range of expectation 206.00-209.20 MMT (207.35 MMT – avg.)

- FranceAgriMer estimated France's 2015/16 corn crop at 13.101 MMT (13.085 MMT – Mar estimate) vs. 2014/15 record crop of 17.957 MMT with the carryout projected at 2.413 MMT (2.585 MMT – previous) against 2.958 MMT in 2014/15. France's 2015/16 corn exports is forecasted at 5.969 MMT (5.960 MMT – previous) vs. 8.246 MMT year ago

- FranceAgriMer trimmed its projection for 2015/16 French barley stocks to 1.127 MMT from 1.592 MMT forecast last month (vs. 960 TMT last year). France's 2015/16 barley exports (without malt) is forecasted at 7.36 MMT (6.89 MMT – previous) vs. 6.638 MMT year ago, due to improved demand from third countries with exports outside the EU expected at 4.5 MMT vs. 4.1 MMT last month and 3.635 MMT in 2014/15

- Ukrainian farmers have sown 2.143 mln ha of early spring grain or 86% of the initial area as of April 12 vs. 1.847 mln ha a year ago. Ukraine's Ag Min estimates spring barley planting 84% (or 1.604 mln ha) done vs. 1.394 mln ha a year ago

- Ukraine's Ag Min estimated corn planting 6% (or 254,000 ha) done as of Apr 12 compare to zero a year ago

- Russian Ag Min estimated spring planting 6.2% (or 3.24 mln ha) done as of April 12 vs. 1.887 mln ha a year ago. Of the total Russian farmers planted 1.934 mln ha of spring grain or 6.2% of planned area vs. 1.231 mln ha a year ago

- Russian farmers planted 248,200 ha of maize or 8.3% of planned area as of Apr 12

- Global GMO crop area decreased in 2015 in first-ever decline. ISAAA says globally, biotech crops - including corn, cotton, soybeans, canola and other crops - were sown on 179.7 million hectares in 28 countries in 2015, down from 181.5 mln ha the previous year

SOYBEAN

- Apr 12 - Argentina grants export licenses for 213,000 MT of soybeans, 431,500 MT of soymeal and 40,500 MT of soybean oil

- Apr 12 - Argentina grants export licenses for 36,800 MT of sunflower meal and 10,000 MT of sunflower oil

- Dr. Michael Cordonnier lowered his Brazilian soybean crop forecast by 1.5 MMT to 98.5 MMT (96.2 MMT in 2014/15), but left unchanged Argentine estimate at 60.5 MMT (60.8 MMT in 2014/15)

- Dr. Michael Cordonnier trimmed his estimate of South America's 2015/16 soybean crop to 174.3 MMT from previous estimate of 175.8 MMT and vs. 171.4 MMT in 2014/15

- Heavy downpours have ruined the harvest of nearly 5% of Argentina's soybean farms and could damage even more of the 2015/16 crop if rains extend into next week as expected

- China's March soybean imports climbed to 6.1 MMT, setting a record for the third month of the year, and up 35.3% from 4.51 MMT in February and 4.49 MMT in March last year

- China's imports of all vegetable oils in March were 520,000 MT, up 30.0% from the previous month

- USDA maintains its forecast of global soybean production in 2015/16 almost unchanged at 320.15 MMT (319.5 MMT in 2014/15). Exports are raised on higher shipments from Brazil and the US. Imports are boosted this month with growing demand in China and Iran. Global stocks are slightly higher this month reflecting increased levels in Argentina and China. USDA upped its forecast of global 2015/16 soybean stocks to a record of 79.02 MMT, up 0.15 MMT from Mar and within market expectation (78.96 – avg. guess, 77.5-80.5 – range)

- Ukrainian farmers started soybean sowing. Ukraine's Ag Min estimated soy planting 2% (or 34,000 ha) done as of Apr 12 compare to zero a year ago

- Ukrainian farmers have sown 805,000 ha of sunflower or 15% of planned area as of April 12 vs. 181,000 ha a year ago

- Russian farmers have sown 364,000 ha of sunflower or 5.2% of planned area as of April 12 vs. 87,000 ha a year ago