WHEAT

- May 12 - Japan seeks 127,226 MT of food wheat for June 21-July 20 shipment:

  • 11,055 MT of western white US wheat;
  • 23,750 MT of hard red winter US wheat;
  • 61,711 MT of Canadian western red spring wheat;
  • 30,710 MT of Australian standard white wheat for September shipment

- May 11 - Taiwan Flour Millers' Association seeks 109,965 MT of US milling wheat for June-July shipment

- May 10 - Algeria's OAIC seeks at least 50,000 MT of optional-origin soft milling wheat for July shipment

- May 8 - The lowest offer in Iraq's tender for 50,000 MT of hard wheat came in at 234.5 $/mt c&f free out from Invivo for US HRW. Other offers for US HRW were at around 236-239 $/mt. The tender closed on May 8 and offers must remain valid up to May 12

- Iranian private buyers have purchased at least 60,000 MT of wheat from Germany in recent weeks for shipment in late May

- May 6 - Argentina grants export licenses for 120,000 MT of low protein wheat and 9,555 MT of wheat flour

- Egypt has bought 1.3 MMT of domestic wheat since the start of the procurement season on April 15

- India is likely to produce 94.04 MMT of wheat in 2015/16, an increase of 8.7% over last year (86.53 MMT in 2014/15), the government said in its latest estimate

- The US is about to import the largest wheat cargo from the UK in more than two decades as a combination of ample British supply, a weaker pound and rock-bottom freight rates make the unusual trade viable. The bulk carrier Sbi Lambada is scheduled to depart from Bristol and arrive May 22 in Wilmington, North Carolina with about 61,000 MMT of the grain

- USDA estimated 62% of the US winter wheat crop good to excellent (G/E) as of May 8 compared to 61% a week ago and 44% a year-ago, matched analysts' expectations of 62% G/E (range 60-63%)

- USDA estimated US spring wheat planting 77% complete as of May 8 compared to 84% last year and a 51% five-year average. It is higher than average expectations of 74% (range 62-85%)

- US wheat export inspections for week, ending May 5, recorded 497,119 MT, up from week-ago and year-ago levels. Inspections for 2015/16 are running 12.0% behind year-ago

- Statistics Canada (StatsCan) said Canadian wheat inventories fell 23.8% to 13.79 MMT as of Mar 31, but matching an average of trade estimates for 13.8 MMT

- Russia's Ag Min said Russia exported about 30.723 MMT of grain between July 1-May 4, 2015/16, up by 10.3% from 27.853 MMT a year ago, including:

  • wheat – 22.267 MMT (20.008 MMT a year ago);
  • barley – 4.099 MMT (4.96 MMT);
  • corn – 4.077 MMT (2.441 MMT);
  • others – 280 TMT (444 TMT)

- Rosselkhoznadzor estimated Russian grain exports between Jul 1-May 6, 2015/16 at 34.14 MMT (incl. 22.47 MMT of wheat) compared with 34.57 MMT (21.05 MMT) in Jul 1-May 31 of 2014/15

- Russia has 3,244,000 MT of grain in its federal intervention fund as of May 6

- Egypt aims to produce 9 MMT of wheat in 2016

- Morocco is expected to harvest a cereal crop of 3.35 MMT (incl. 1.86 MMT of soft wheat, 870 TMT of durum and 620 TMT of barley), down 70% from last season's record high of 11 MMT, after the worst weather in 30 years

- Tunisia's grain harvest is expected to rise this season by 20% to 1.6 MMT from 1.3 MMT in 2015

- The Indonesia Feedmill Association expects the country's wheat imports for feed to rise to about 0.8-1 MMT in 2016, up from about 300,000 MT last year. From January to April, Indonesia has imported around 400,000 MT of wheat, four times the amount imported in the same period last year

- France's farm ministry lifted its estimate of the soft wheat sowing area for this year's harvest to 5.253 million hectares from 5.242 mln ha previously, which is the largest since 1935, and 1.4% higher than in 2015 and 5.0% above the average of the past five years

- Saudi General Grains Organization (SAGO) is looking to sell a stake to a strategic buyer as part of its privatization

CORN

- May 9 - USDA announced export sales of 290,000 MT of US corn for delivery during 2015/16 to Japan (170 TMT) and unknown destinations (120 TMT)

- May 6 - USDA announced export sales of 132,000 MT of US corn for delivery to Israel during 2015/16

- May 6 - Argentina grants export licenses for 20,300 MT of barley and 17,000 MT of corn

- May 3 - Moroccan grain agency ONICL bought 64,500 MT of barley in the local market. It was the fifth tender in a government plan to subsidies 800,000 MT of barley to support farmers against drought

- US corn export inspections for week, ending May 5, reported 1,142,545 MT, slightly down from prior week but up from a year ago. Inspections for 2015/16 are running 12.1% behind year-ago

- USDA said the US corn crop 64% planted as of May 8, down from 69% last year but above the five-year average of 50% and above market expectations for 62% complete (range 54-68%)

- USDA estimated US sorghum planting 30% complete as of May 8, compared to 31% last year and a 31% five-year average

- CNGOIC expects China's corn production in 2016 to decline 2.9% (or 6.58 MMT) from last year to 218 MMT, as farmers in the northeast are expected to switch crops. It predicted corn imports would fall by more than a half to 2.7 MMT over the 2015/16, while imports of distillers' grains would fall to 3.5 MMT over the same period, down nearly 60% from the 2014/15

- India estimates country's 2015/16 corn crop at 21.02 MMT (24.17 MMT in 2014/15)

- UN Development Programme (UNDP) said up to 4.5 million Zimbabweans will need aid by next March. UN WFP expects Zimbabwe's 2016 maize production would fall below 60% of the five-year average. Zimbabwe's average harvest in the last five years has been between 700,000 MT and 1 MMT, against annual consumption of between 1.6 MMT and 1.8 MMT

- StatsCan estimated Canadian corn stocks at 7.76 MMT as of Mar 31, up 23.4% from the same date in 2015

- StatsCan estimated Canadian barley stocks as of Mar 31 at 3.81 MMT, up 12.1% from last year and above the average market guess of 3.6 MMT

- France's farm ministry estimates the area sown with maize (for grain) will fall another 4.7% this year to 1.487 million hectares, down 9.7% on the five-year average

- France's farm ministry lifted its estimate of the barley sowing area for this year's harvest to 1.812 million hectares from 1.806 mln ha previously, up 2.7% from 2015 and 8.0% above five-year average

- US traders have rejected GMO crops that are not approved in all major overseas markets

SOYBEAN

- May 9 - Argentina grants export licenses for 40,000 MT of soybeans; 254,011 MT of soybean oil and 299,615 MT of soymeal

- May 6 - Argentina grants export licenses for 24,406 MT of soybean oil and 21,600 MT of soymeal

- US soybean export inspections for week, ending May 5, reported 111,314 MT, below the week-ago and year-ago levels. Inspections for the 2015/16 marketing year are running 7.3% behind year-ago

- USDA said the US soybean planting was 23% complete as of May 8, down from 26% a year ago but above the five-year average of 16% and above analysts' expectation of 22% (range 14-28%)

- China imported 7.07 MMT of soybeans in April, up 15.9% compared to the previous month and up 33% from year-ago level. This is a record for April imports. For the first four months of the year, imports have climbed 11.4% from a year ago to 23.33 MMT

- China's imports of all vegetable oils in April were 400,000 MT compare to 520,000 MT in March. For the first four months of the year, imports have climbed 17% from a year ago to 1.85 MMT

- Informa Economics says 16-17% of Brazil's 2016/17 soybean crop that will be planted starting in September has already been sold, compared to just 4.7% of the previous crop sold at this time last year. A record 2015/16 soy crop, already harvested in the main soy-growing regions of Brazil, is 65.3% sold

- StatsCan said Canadian canola inventories fell 10.1% to 7.49 MMT as of Mar 31, but above an average of trade estimates for 7.3 MMT

- StatsCan estimated Canadian soybean stocks as of Mar 31, at 1.76 MMT, down 15.2% from the same date in 2015

- Strategie Grains lifted its 2016 EU rapeseed crop estimate to 21.56 MMT up 130,000 MT from previous but down 1.7% from the 2015 harvest (21.93 MMT)

- Strategie Grains trimmed its 2016 EU sunflower crop estimate to 8.47 MMT from previous estimate of 8.49 MMT, up 11.3% from the 2015 harvest (7.61 MMT)

- Strategie Grains trimmed its 2016 EU soybean crop forecast to 2.42 MMT down 80,000 MT from previous but up 9% on year (2.22 MMT in 2015)

- France's farm ministry estimated the total rapeseed area at 1.505 mln ha, up 1.3% from 2015 but 0.8% below the average of the past five years

- France's farm ministry estimates the area sown with sunseed will fall another 5.3% this year to 586,000 hectares, down 15.5% on the five-year average

- France's farm ministry estimates the area sown with soybean will rise another 11.7% this year to 113,000 hectares, up 89% on the five-year average

- MPOB estimated Malaysian crude palm oil production in April at 1.3 MMT vs. average expectation of 1.32 MMT and 1.22 MMT in March with the lowest end-stocks since February 2015 at 1.8 MMT down 4.5% on month and below the average market expectation of 1.82 MMT. Malaysian April palm oil exports fell to 1.165 MMT, down 12.8% on month and below the average expectation of 1.25 MMT

- Surveyor Intertek Testing Services estimated Malaysia's May 1-10 palm oil exports at 391,222 MT up 21.8% from a month ago

- Surveyor SGS estimated Malaysia's May 1-10 palm oil exports at 404,248 MT up 32.3% from a month ago

- India estimates country's 2015/16 soybean crop at 8.92 MMT (10.37 MMT in 2014/15)

- India estimates country's 2015/16 rapeseed crop at 6.86 MMT (6.28 MMT in 2014/15)

- India's oilmeal exports fell 70% from a year ago to 54,390 MT in April (182,638 MT in Apr 2015)

- India exported only 1,442 MT of soybean meal in April vs. 430 MT a month ago and 18,017 MT a year ago

- India exported 14,163 MT of rapeseed meal in April vs. 7,260 MT a month ago and 69,398 MT a year ago

- India exported 37,785 MT of castor seed meal in April vs. 42,008 MT a month ago and 70,641 MT a year ago