WHEAT

- May 8 - Iraq seeks at least 50,000 MT of wheat from either the US, Canada or Australia. The tender closes on May 8 and offers must remain valid up to May 12

- Apr 26 - South Korea's Samyang Corp, Donga-one, Korea Flour Mills and Daesun Flour Mills were seeking a total of 24,000 MT of US wheat for September shipment:

  • 8,300 MT of western/soft white, max.10.5% protein
  • 1,300 MT of western/soft white, max. 8.5% protein
  • 5,500 MT of hard red winter, min. 11.5% protein
  • 8,900 MT of (dark) northern spring, min. 14% protein

- Apr 26 - South Korea's DongAOne, Samyang Corp, Korea Flour Mills and Daesun Flour Mills were seeking a total of 35,000 MT of Australian wheat for Oct 15-Nov 15 shipment:

  • 30,000 MT of Australian Standard White, 10.3-11.0% protein
  • 5,000 MT of Australian Hard, min. 11.5% protein

- USDA estimated 59% of the US winter wheat crop good to excellent (G/E) as of April 24 compared to 57% a week ago and 42% a year-ago, topped analysts' expectations of 58% G/E (range 57-60%)

- USDA estimated US spring wheat planting 42% complete as of April 24 compared to 50% last year and a 28% five-year average. It is lower than average expectations of 44% (range 39-48%)

- US wheat export inspections for week, ending April 21, recorded 406,164 MT, within the market forecasts (250-450 TMT). Inspections for 2015/16 are running 13.2% behind year-ago

- Thailand plans to accelerate the sale of the remaining 11.4 MMT of rice in government stockpiles over the next two months

CORN

- Safras&Mercado estimates total Brazilian maize crop at 82.5 MMT down from 89.9 MMT last month with safrinha (second crop) at 56.0 MMT down from 61.3 MMT in March

- US corn export inspections for week, ending Apr 21, reported 1,136,995 MT, within the market expectations (1-1.15 MMT). Inspections for 2015/16 are running 13.5% behind year-ago

- USDA said the US corn crop 30% planted as of Apr 24, up from 16% a year ago and the five-year average of 16%, matching the average analyst estimate of 30% (range 20-38%)

- USDA estimated US sorghum planting 20% complete as of April 24, compared to 23% last year and a 24% five-year average

- SAGIS estimated South Africa's corn stocks as of Mar 31 were at 2.609 MMT vs. 2.861 MMT a month ago and 2.578 MMT a year ago

- SAGIS estimated S. Africa's May-Mar 2015/16 corn exports at 797,489 MT vs. 2.081 MMT a year ago

- SAGIS estimated S. Africa's May-Mar 2015/16 corn imports at 1.656 MMT vs. 20,450 MT a year ago

SOYBEAN

- US soybean export inspections for week, ending Apr 21, reported 279,310 MT, in line with trade forecasts that ranged from 200,000 to 400,000 MT. Inspections for the 2015/16 marketing year are running 7% behind year-ago

- USDA said the US soybean planting was 3% complete as of Apr 24, up from 2% a year ago and the five-year average of 2%, matching analysts' expectation of 3% (range 1-8%)