WHEAT

- May 4 - Israeli group (Sherutei Bar) bought 30,000 MT of optional origin feed wheat at 175-178 $/mt c&f for July-August shipment

- Indian importers have purchased at least 140,000 MT of Australian-origin wheat in the past couple of weeks as India increases its wheat imports after a poor crop. Purchases mainly involved Australian premium white wheat:

  • 30,000 MT at 236 $/mt c&f for end-June shipment;
  • 25,000 MT at 241 $/mt c&f for end-June shipment;
  • 30,000 MT at 243.50 $/mt c&f for July shipment;
  • 35,000 MT at 242 $/mt c&f for July shipment;
  • 20,000 MT at 241 $/mt c&f for July-August shipment

- May 4 - Argentina grants export licenses for 45,000 MT of low protein wheat

- EU in week ended May 3 granted licenses to export 848 TMT of soft wheat, bringing the total this season to 25.931 MMT vs. 27.689 MMT a year ago

- France exported 1.4 MMT of soft wheat outside the EU in March (incl. 580 TMT to Algeria, 314 TMT to Morocco and 103 TMT to Mexico), with Jul-Mar 2015/16 France's soft wheat shipments outside the EU at 8.2 MMT, up 1% on the year-earlier period. Total French soft wheat exports, including shipments within the EU, so far this season were down 3% at 13.7 MMT

- FranceAgriMer said 87% of soft wheat crops were in good and excellent condition as of May 2, down 1% point from last week and below the year-earlier score of 90%; durum rating at 79% in good to excellent vs. 82% last week and vs. 86% a year ago

- Russia's grain-quality watchdog said on Thursday Bangladesh had violated international trading standards in the way it tested samples of imported Russian wheat

- Russian Ag Min expects Russia to export nearly 25 MMT of wheat in the 2016/17

- Russian Ag Min estimated spring wheat planting 12.2% (or 1.61 mln ha) done as of May 5 vs. 1.06 mln ha a year ago

- Ukraine's Ag Min reports that 98% (or 6.9 mln ha) of Ukraine's winter grain crop continue growing as of April 28. About 82% of crops were in good to satisfactory condition, up from 79% prior week

- Weekly US wheat export sales data for week ended April 28 totaled 318,900 MT, incl. 178,900 MT for 2015/16 (within trade expectations of 0-300 TMT) and 140,000 MT for 2016/17 (below trade expectations of 200-400 TMT). Total current marketing-year US wheat export sales are 12% behind the same point last year

- The Wheat Quality Council estimated the average hard red winter wheat yield in Kansas, the top US producer of the grain, at 48.6 bushels per acre following a three-day tour of the state, topping last year's USDA estimate of 37.0 bpa and a five-year Kansas tour average of 39.3 bpa

- Crop scouts on the second day of the annual three-day tour of Kansas hard red winter wheat fields projected an average yield of 49.3 bushels per acre in the southwestern portion of the state, up from tour findings of 34.5 bushels a year ago and vs. five-year average of 35.9 bpa

- The industry group Plains Grains expects Oklahoma's winter wheat yield at 33.63 bushels per acre vs. 26.0 bushels last year

- FAO raised its 2016 global wheat production estimate to 716.9 MMT, up by 4.2 MMT from the April figure and vs. 732.9 MMT in 2015. The month-on-month upward revision mainly reflects an improved outlook in Europe, where favorable winter weather bolstered yield expectations in the EU, Russia and Ukraine

CORN

- May 5 - Tunisia's state grains agency cancelled an international tender to buy 100,000 MT of optional origin feed barley in four 25,000-MT consignments for shipment between Aug 15 to Oct 25, depending on origin, citing on too high offers

- May 4 - Israeli group (Sherutei Bar) bought about 120,000 MT of optional origin corn at around 181.50 $/mt c&f for June-September shipment

- May 4 - USDA announced export sales of 107,500 MT of US corn for delivery to Japan during 2015/16

- Weekly US corn export sales data for week ended Apr 28 of 829,800 MT, incl. 769,300 MT for 2015/16 (within trade expectations of 750-1100 TMT) and 60,500 MT for 2016/17 (below trade forecasts of 150-350 TMT). Total current marketing-year US corn export sales are 8% behind the same point last year

- SAGIS says South Africa imported 1.96 MMT of maize during the 2015/16 marketing season which ended April 30, compared with just 65,000 MT in the previous season. Imports include 96,932 MT of white corn from Mexico, the US and Zambia and 1.863 MMT of yellow corn from South America (1.12 MMT from Argentina, 502,147 MT from Brazil and 213,064 MT from Paraguay) and Ukraine (27,539 MT)

- China has estimated the country's corn planting area will fall by 1.33 million hectares (3.29 million acres) this year, the first drop in 13 years. Ag Min expected corn output to drop 4.2% to 215.17 MMT in 2016, also the first decline in 13 years. Production is set to fall further to 205.67 MMT by the end of 2020

- JCI says that China's reserve corn purchases from 2015/16 corn crop a record 125.2 MMT

- FCStone cut its estimate for Brazil's winter corn crop (second crop) by 12% to 49.8 MMT from 56.6 MMT in April; total crop estimate lowered by 8% to 77.9 MMT

- AgRural cut its forecast for Brazil's winter corn crop (second crop) by 10% to 48.9 MMT from 54.6 MMT in April

- 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 26.3% completed as of May 5, behind of last year's pace of 29.5%

- Buenos Aires Grain Exchange maintains its 2015/16 Argentine sorghum crop estimate at 3.5 MMT, unchanged from 2014/15 crop. Harvesting of Argentine sorghum was 36.6% completed as of May 5, behind of last year's pace of 41.1%

- EU in week ended Apr 29 awarded licenses to import 300 MT of Ukrainian barley under an annual duty-free quota, bringing the total to 14,226 MT or 5.7% out of a total volume of 250,000 MT available in 2016

- EU in week ended May 3 awarded 286 TMT of corn (maize) import certificates, taking the volume so far this season to 11.676 MMT vs. 7.782 MMT a year ago

- EU in week ended May 3 granted licenses to export 18 TMT of corn, bringing the total this season to 1.348 MMT vs. 2.752 MMT a year ago

- EU in week ended May 3 granted licenses to export 55 TMT of barley, bringing the total this season to 8.765 MMT vs. 7.609 MMT a year ago

- France exported 450,000 MT of barley outside the EU in March (178 TMT to Morocco and 132 TMT to Saudi Arabia). A further 300,000 MT were exported within the EU in March, bringing total French barley exports in the first nine months of the season to 6.1 MMT, up 33% on the same period last season

- FranceAgriMer said 86% of France's winter barley crops were in good to excellent condition as of May 2, down 1% point on the prior week and below the year-ago score of 89%. Spring barley rating was at 93% in good to excellent vs. 94% a week ago and vs. 96% a year ago

- FranceAgriMer estimated France's corn planting 44% done as of May 2, well behind last year's pace of 80%

- Ukraine's Ag Min estimated corn planting 68% (or 3.1 mln ha) done as of May 4 compare to 2.6 mln ha a year ago

- Russian Ag Min estimated spring barley planting 48.3% (or 3.91 mln ha) done as of May 5 vs. 3.58 mln ha a year ago

- Russian farmers planted 1.46 mln ha of maize or 48.9% of planned area as of May 5 vs. 1.37 mln ha a year ago

- US Ethanol production for the week ended Apr 29 decreased by 4,000 barrels to 923,000 barrels per day, up 4.1% from last year's level of 887,000 bpd. Stocks climbed by 572,000 barrels to 22.201 million barrels, up 6.9% vs. 20.762 million barrels a year ago

SOYBEAN

- May 5 - Argentina grants export licenses for 37,000 MT of soybeans; 100,900 MT of soybean oil and 198,902 MT of soymeal

- Buenos Aires Grains Exchange said around 7.5% of Argentina's soy area were lost in 2016. But 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 41.5% completed as of May 5, below last year's pace of 68.6%

- Weekly US soybean export sales data for week ended Apr 28 of 1,245,800 MT, the largest in more than four months, incl. 815,800 MT for 2015/16 (above trade expectations of 400-600 TMT) and 430,000 MT for 2016/17 (above trade expectations of 200-400 TMT). Total current marketing-year US soybean export sales are 7% behind the same point last year

- FCStone trimmed its projection for Brazil's soybean crop by 1 MMT to 96.5 MMT

- Ukrainian farmers have sown 3.6 mln ha of sunflower or 69% of planned area as of May 4, 2016 vs. 2.5 mln ha a year ago

- Ukraine's Ag Min estimated soybean planting 43% (or 881,000 ha) done as of May 4 compare to 743,000 ha a year ago

- Russian farmers have sown 2.24 mln ha of sunflower or 32.2% of planned area as of May 5 vs. 2.0 mln ha a year ago

- Russian farmers planted 259,100 ha of soybeans or 11.7% of planned area as of May 5 compare to 343,500 ha a year ago

- The FAO Vegetable Oil Price index rose 4.1% in April, due largely to a grim 2016 production outlook for palm oil coupled with a growing worldwide demand

- Louis Dreyfus may sell a stake in a new northern Brazil grains terminal, Tegram, at Itaqui port in Maranhão state

- Brazil raised credit to farmers by 8% to 202 billion reais ($57 billion) this year, but also hiked interest rates on many of those subsidized loans to be in line with the country's benchmark rate