WHEAT

- Apr 29 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 620,000 MT of hard wheat (12.5% protein) of European, North and South American and Australian origin at an average price of 214.89 $/mt c&f in 10 consignments for July-August shipment to the ports of Jeddah (370 TMT), Dammam (195 TMT) and Jizan (55 TMT):

  • Jeddah Sea Port:
    • 65,000 MT of hard wheat from ADM Hellas at $212.42 C&F (July 1-10);
    • 55,000 MT of hard wheat from Casillo Commodities at $211.99 C&F (July 10-20);
    • 65,000 MT of hard wheat from Glencore Grain at $214.61 C&F (July 20-30);
    • 60,000 MT of hard wheat from Baywa at $214.00 C&F (August 1-10);
    • 65,000 MT of hard wheat from Cargill at $211.95 C&F (August 10-20);
    • 60,000 MT of hard wheat from Union Invivo at $209.47 C&F (August 20-30).
  • Dammam Sea Port:
    • 65,000 MT of hard wheat from ADM Hellas at $219.72 C&F (July 1-10);
    • 65,000 MT of hard wheat from Glencore Grain at $218.61 C&F (July 20-30);
    • 65,000 MT of hard wheat from Olam at $216.44 C&F (August 10-20).
  • Jazan Sea Port:
    • 55,000 MT of hard wheat from Soufflet Negoce at $219.50 C&F (July 20-30)

- Apr 29 - Argentina grants export licenses for 30,000 MT of low protein wheat and 33,830 MT of milling wheat

- A group of buyers in Thailand purchased around 55,000 MT of optional-origin feed wheat in a tender last week at around 195 $/mt c&f liner out for October shipment

- Bangladesh will reject third cargo of 50,000 MT of Russian wheat on quality issue, barely two weeks after it refused two shipments totaling 100,000 MT for the same reason. The cargo was bought from ADM International at 211.45 $/mt CIF liner out

- Egypt had bought 400,000 MT of local wheat since the start of the procurement season on April 15

- USDA attaché expects Ukraine's 2016/17 wheat production at 24.47 MMT, down 10.5% from last year's 27.33 MMT, with exports at 14.0 MMT, down from 15.6 MMT in 2015/16

- Russia's Ag Min said Russia exported about 30.466 MMT of grain between July 1-Apr 27, 2015/16, up by 10% from 27.685 MMT a year ago, including:

  • wheat – 22.07 MMT (19.95 MMT a year ago);
  • barley – 4.086 MMT (4.9 MMT);
  • corn – 4.033 MMT (2.392 MMT);
  • others – 277 TMT (441 TMT)

- Russia has 3,238,300 MT of grain in its federal intervention fund as of April 28

- Russia is considering the possibility of shipments wheat flour to Zimbabwe

CORN

- Apr 29 - USDA announced export sales of 100,640 MT of US corn for delivery to Japan during 2015/16

- Apr 29 - Brazil's Trade Ministry said it granted a license to an unknown buyer to import 2,000 MT of corn originating from a non-Mercosur country, the first license emitted since the government suspended a 10-% common import tariff

- AGR Brasil cut its forecast for Brazil's 2015/16 corn crop to 79.6 MMT from 85.1 MMT in March with second crop lowered by 5.5 MMT to 52.1 MMT due to hot dry weather

- Brazilian grains analyst firm Franca Junior lowered its 2015/16 corn crop forecast for Brazil to 79.5 MMT, 7.6 MMT below its March estimate with second crop at 53.1 MMT (59.5 MMT a month ago)

- Argentine corn exports doubled in the first quarter and further increases are expected. Shipments surged to 7.6 MMT in the January-March period, from 3.8 MMT in the same period last year. Argentina's usual corn export window will be prolonged by two months into August due to unusually high late-season planting

- USDA attaché pegged Ukraine's 2016/17 corn production at 27.45 MMT, up 17.7% from last year's 23.33 MMT, with exports at 18.5 MMT, up from 14.55 MMT in 2015/16

- Brazilian grains company Fiagril Participações SA sold a controlling stake (57%) to China's Hunan Dakang Pasture Farming Co Ltd, a unit of Shanghai Pengxin Group Co

SOYBEAN

- Apr 29 - Argentina grants export licenses for 360,600 MT of soymeal

- Unusually heavy El Nino rains in Argentina this month have left large parts of the country's soy crop affected by fungi and disease, forcing producers to sell at a discount

- Franca Junior lowered its 2015/16 soybean crop forecast for Brazil to 98.1 MMT from 99.5 MMT in March

- Oil World says global production of palm oil is likely to reach 61.25 MMT in calendar year 2016, down 1.2 MMT from a year earlier and thus represents the first year-on-year decline in more than 20 years