WHEAT

- May 30 - Morocco's ONICL seeks 133,000 MT of soft wheat in the local market for subsidized flour production. This can be imported or domestically produced wheat

- May 26 - Japan seeks 125,049MT of food wheat for June 21-July 20 shipment:

  • 12,990 MT of western white US wheat;
  • 19,670 MT of hard red winter US wheat;
  • 32,724 MT of dark northern spring US wheat;
  • 30,075 MT of Canadian western red spring wheat;
  • 29,590 MT of Australian standard white wheat for September shipment

- May 23 - Argentina grants export licenses for 20,000 MT of low protein wheat

- USDA estimated 62% of the US winter wheat crop good to excellent (G/E) as of May 22, unchanged from a week earlier and compared to 45% a year-ago, matched analysts' expectations of 62% G/E (range 60-64%)

- USDA estimated US spring wheat planting 95% complete as of May 22, as expected, compared to 95% last year and a 77% five-year average. Spring wheat condition was rated as 76% good to excellent (G/E) as of May 22 compared to 69% a year-ago, well above analysts' average expectation of 68% (range 59-75%)

- US wheat export inspections for week, ending May 19, recorded 301,271MT, near the low end of market forecasts (300-450 TMT). Inspections for 2015/16 are running 12% behind year-ago

- MARS left its yield forecast for this year's EU's soft wheat at 6.11 mt/ha , unchanged from prior month, still down 2.6% from last year, but 4.8% above the 5-year average (5.83 mt/ha)

- Kazakh Ag Min said Kazakhstan exported 7.566 MMT of grain between July 1-May 20, 2015/16 vs. 5.693 MMT a year ago, incl. flour – 2.625 MMT in wheat equivalent vs. 2.138 MT in the same period of 2014/15

- Kazakh farmers planted 7.444 mln ha of spring cereals crops as of May 24 vs. 2.389 mln ha a year ago

- Rusagrotrans expects Russia's grain exports to stay at a high level at 1.8 MMT in May, incl. 1.2 MMT of wheat; 440 TMT of corn and 120 TMT of barley

- Russian Ag Min estimated spring wheat planting 68.9% (or 9.094 mln ha) done as of May 23 vs. 6.81 mln ha a year ago

CORN

- May 23 - Argentina grants export licenses for 28,000 MT of barley

- US corn export inspections for week, ending May 19, reported 1,076,464 MT, in line with market expectations (1-1.15 MMT). Inspections for 2015/16 are running 10.9% behind year-ago

- USDA said the US corn crop 86% planted as of May 22, slightly ahead the five-year average of 85%, but down from 90% last year and behind market expectations for 88% complete (range 85-96%)

- USDA estimated US sorghum planting 37% complete as of May 22, compared to 40% last year and a 43% five-year average

- JCI says that corn area in China this spring will be down 3% to 5% from last year

- MARS sharply upped its yield forecast for this year's EU's corn to 7.31 t/ha from 7.06 mt/ha last month, now up 15.9% from 2015 (6.31 mt/ha) and by 5.8% above the five-year average (6.91 mt/ha)

- MARS lifted its yield forecast for this year's EU's barley (winter and spring) to 4.99 mt/ha from 4.94 mt/ha last month, only marginally down from last year (5.02 mt/ha), but 5.7% above the 5-year average (5.72 mt/ha)

- China's ethanol imports of 53,142 cubic meters in April were up 614% from year-ago level, with the US accounting for nearly all of the business. During the first four months of the year China imported 244,544 cubic meters of ethanol up 1,524% on year

- Ukraine's Ag Min estimated corn planting 95% (or 4.3 mln ha) done as of May 23 compare to 4.1 mln ha a year ago

- Russian Ag Min estimated spring barley planting 80.5% (or 6.528 mln ha) done as of May 23 vs. 6.264 mln ha a year ago

- Russian farmers planted 2.382 mln ha of maize or 79.6% of planned area as of May 23 vs. 2.392 mln ha a year ago

SOYBEAN

- May 23 - USDA announced export sales of 140,000 MT of US soybeans to unknown destinations for delivery during 2016/17

- May 23 - USDA announced export sales of 20,000 MT of US soybean oil to unknown destinations for delivery during 2015/16

- May 23 - Argentina grants export licenses for 25,000 MT of soybeans and 766,969 MT of soymeal

- US soybean export inspections for week, ending May 19, reported only 77,372 MT, below trade forecasts that ranged from 100,000 to 250,000 MT. Inspections for the 2015/16 marketing year are running 7.8% behind year-ago

- USDA said the US soybean planting was 56% complete as of May 22, equal to a year-ago but ahead of the five-year average of 52% and an average of trade estimates of 55% (range 50-64%)

- MARS lowered its yield forecast for this year's EU's rapeseed to 3.29 mt/ha from 3.35 mt/ha last month, down 2.5% from 2015 (3.37 mt/ha) but 2.6% above the 5-year average

- MARS raised its forecast the EU's 2016 average sunflower yield to 2.01 mt/ha from 1.95 mt/ha in April. This is up 15.6% from 2015 (1.74 mt/ha) and 5.0% above the five-year mean (1.91 mt/ha)

- China's April soy oil imports rose 259.0% from year-ago levels to 18,898 MT. China's Jan-Apr soy oil imports rose 131.5% on year to 127,584 MT

- China's April rapeseed oil imports fell by 14.0% on year to 50,380 MT, mainly from Canada. China's Jan-Apr rapeseed oil imports rose 33.8% on year to 336,390 MT

- China's April palm oil imports down 42.8% on year to 274,264 MT, mainly from Indonesia and Malaysia. China's Jan-Apr palm oil imports fell 0.1% on year to 1.434 MMT

- China's April rapeseed meal imports up by 269.4% on year to 56,489 MT, from Canada. China's Jan-Apr rapeseed meal imports rose 118.5% on year to 56,489 MT

- China's April fishmeal imports rose by 100% on year to 120,000 MT. China's Jan-Apr fishmeal imports rose 18% on year to 280,000 MT

- India's soybean area seen falling by 5-10% this year as farmers switch to pulses. Farmers planted 11.63 million hectares with soybean in 2015/16. A 10% reduction would cut acreage to around 10.5 mln ha in the 2016/17 marketing year starting July. Lower soybean output will force the country to increase imports of edible oils

- Ukrainian farmers have sown almost 5 mln ha of sunflower or 95% of planned area as of May 23 vs. 4.5 mln ha a year ago

- Ukraine's Ag Min estimated soybean planting 84% (or 1.7 mln ha) done as of May 23 compare to 1.9 mln ha a year ago

- Russian farmers have sown 5.594 mln ha of sunflower or 80.2% of planned area as of May 23 vs. 5.086 mln ha a year ago

- Russian farmers planted 1.077 mln ha of soybeans or 48.6% of planned area as of May 23 compare to 1.094 mln ha a year ago