WHEAT

- Apr 28 - The lowest offers in Ethiopian tender for 60,000 MT of optional origin wheat came at 292 $/mt c&f delivered to three inland silos

- French wheat exports to Indonesia are on hold as traders await the approval of a food safety agreement between the two countries, some exporters say is being delayed by Indonesia in retaliation to a French palm oil tax plan

- Russia is likely to extend its wheat export tax for the 2016/17 marketing year, which starts on July 1. The duty formula is set at 50% of the customs price minus 6,500 rubles ($100) per MT but not less than 10 RUR/MT

- Russia's Ag Min claims that Russia will be #1 wheat exporter this season (2015/16), outrunning Canada and the US, with expected wheat exports at 25 MMT

- Russian Ag Min estimated spring wheat planting 7.2% (or 953,800 ha) done as of April 29 vs. 560,600 ha a year ago

- Weekly US wheat export sales data for week ended April 21 totaled 806,600 MT, the biggest since last July, incl. 351,900 MT for 2015/16 (topped trade expectations of 75-175 TMT) and 454,700 MT for 2016/17 (topped trade expectations of 300-450 TMT). Total current marketing-year US wheat export sales are 14% behind the same point last year

- EU in week ended April 22 awarded licenses to import 200 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded 934,568 MT or 98.4% out of a total volume of 950,000 MT available in 2016

- EU in week ended April 26 granted licenses to export 599 TMT of soft wheat, bringing the total this season to 25.083 MMT vs. 27.102 MMT a year ago

- FranceAgriMer said 88% of soft wheat crops were in good and excellent condition as of Apr 25, down 3% point from last week and now below the year-earlier score of 91%; durum rating at 82% in good to excellent vs. 84% last week and vs. 86% a year ago

- International Grains Council (IGC) raised its forecast for world wheat production in 2016/17 by 4.2 MMT to 717.2 MMT (still below than 734.3 MMT in 2015/16), partly reflecting upwardly revisions for crops in China, EU and Russia. Global wheat ending stocks were revised upwards by 6.8 MMT to 217.9 MMT (215.3 MMT in 2015/16)

- Australian government blocked the sale of S. Kidman & Co, the country's largest private land holding, to a Chinese-led consortium for the second time in six months, again saying the sale is not in the national interest

CORN

- Apr 28 - Algerian feed makers' office ONAB was tendering to buy 30,000 MT of corn from the US or Latin America for shipment in June 1-15

- Weekly US corn export sales data for week ended Apr 21 of 2,600,600 MT, the highest combined old-crop and new-crop total in four years, incl. 2,160,600 MT for 2015/16 (topped trade expectations of 1-1.3 MMT) and 440,000 MT for 2016/17 (topped trade forecasts of 200-400 TMT). Total current marketing-year US corn export sales are 8% behind the same point last year

- Bunge CEO said dry weather in Brazil may reduce the country's winter corn crop by 5-10 MMT, resulting in a similar drop in exports

- 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 23.6% completed as of Apr 28, behind of last year's pace of 28.4%

- EU in week ended Apr 26 awarded 109 TMT of corn (maize) import certificates, taking the volume so far this season to 11.39 MMT vs. 7.668 MMT a year ago

- EU in week ended Apr 26 granted licenses to export 66 TMT of corn, bringing the total this season to 1.33 MMT vs. 2.65 MMT a year ago

- EU in week ended Apr 26 granted licenses to export 174 TMT of barley, bringing the total this season to 8.71 MMT vs. 7.407 MMT a year ago

- FranceAgriMer said 87% of France's winter barley crops were in good to excellent condition as of Apr 25, down 3% point on the prior week and from the year-ago score of 90%. Spring barley rating was at 94% in good to excellent, unchanged from last week and vs. 95% a year ago

- FranceAgriMer estimated France's corn planting 27% done as of Apr 25, well behind last year's pace of 69%

- IGC raised its forecast for world corn (maize) production in 2016/17 by 5.1 MMT to 998.2 MMT, up from the prior season's 973.3 MMT. IGC increased its forecast for 2016/17 global corn carryover by 0.5 MMT from last month to 208 MMT (205.5 MMT in 2015/16)

- Ukrainian farmers have sown 2.39 mln ha of early spring grain or 99% of the initial area as of April 28 vs. 2.08 mln ha a year ago. Ukraine's Ag Min estimates spring barley planting 99% (or 1.79 mln ha) done vs. 1.56 mln ha a year ago

- Ukraine's Ag Min estimated corn planting 55% (or 2.51 mln ha) done as of Apr 28 compare to 1.38 mln ha a year ago

- Russian Ag Min estimated spring barley planting 38.2% (or 3.1 mln ha) done as of April 29 vs. 2.54 mln ha a year ago

- Russian farmers planted 1.26 mln ha of maize or 42.2% of planned area as of Apr 29 vs. 985,700 ha a year ago

- Brazil's BRF SA, the world's largest chicken exporter, posted a profit of 39 million reais ($11.2 million) in the first quarter of the year, down 91% from the same period a year ago due to higher corn prices, currency

SOYBEAN

- Philippines bought 41,000 MT of soymeal for August-September shipment

- Apr 28 - Argentina grants export licenses for 39,861 MT of soymeal and 20,100 MT of sunflower meal

- Weekly US soybean export sales data for week ended Apr 21 of 946,400 MT, the largest in more than three months, incl. 226,000 MT for 2015/16 (below trade expectations of 400-600 TMT) and 720,400 MT for 2016/17 (above trade expectations of 300-500 TMT). Total current marketing-year US soybean export sales are 7% behind the same point last year

- Buenos Aires Grain Exchange maintains its forecast for 2015/16 Argentine soy crop at 56 MMT, down from 2014/15 (60.8 MMT). Harvesting of Argentine soybean crop was 24.2% completed as of Apr 28, well below last year's pace of 61.8%, due to floods

- Argentine March soybean crush was reported at 3.21 MMT, up from revised of 3.2 MMT in February and up 41.1% from last year

- Argentine March sunflower crush was reported at 340,794 MT, up from revised of 278,630 MT in February but down 20.5% from last year

- IGC trimmed its global 2016/17 soybean production forecast by 1.4 MMT to 318.9 MMT, but still near record; also cut its 2015/16 world soybean production forecast by 4.3 MMT to 318.4 MMT, reflecting the impact of poor weather in South America. They lowered global 2016/17 soybean carryover by 0.9 MMT from last month to the smallest in three years of 31.7 MMT (37.7 MMT in 2015/16)

- Ukrainian farmers have sown 3.05 mln ha of sunflower or 59% of planned area as of April 28 vs. 1.6 mln ha a year ago

- Ukraine's Ag Min estimated soybean planting 30% (or 619,000 ha) done as of Apr 28 compare to 268,000 ha a year ago

- Russian farmers have sown 1.75 mln ha of sunflower or 25.2% of planned area as of April 29 vs. 1.27 mln ha a year ago

- Russian farmers planted 173,700 ha of soybeans or 7.8% of planned area as of Apr 29 compare to 122,700 ha a year ago