WHEAT

- Jun 7 - Jordan seeks 100,000 MT of optional origin hard milling wheat for Nov-Dec shipment

- Jun 1 - Japan bought 29,396 MT of feed grain (incl. 20,026 MT of wheat and 9,370 MT of barley) for November 30 arrival via SBS-tender. New SBS tender for 120,000 MT of feed wheat and 200,000 MT of feed barley will be held on Jun 8

- May 31 - Jordan cancelled tender to buy 100,000 MT of optional origin hard milling wheat, citing limited offers

- Ukraine's Ag Min said Ukraine exported 36.459 MMT of grain between July 1-May 31, 2015/16, including:

  • wheat – 15.514 MMT;
  • corn – 16.431 MMT;
  • barley – 4.298 MMT;
  • others – 216 TMT

- Argentina in May grants export licenses for 563,064 MT of low protein wheat and milling wheat; and 46,299 MT of wheat flour

- USDA estimated 63% of the US winter wheat crop good to excellent (G/E) as of May 29, up 1% point from a week earlier and compared to 44% a year-ago, ahead of analysts' forecasts of 62% G/E

- USDA estimated 79% spring wheat crop good to excellent as of May 29, up 3% points from prior week and compared to 71% a year-ago, above analysts' average expectation of 76%

- US wheat export inspections for week, ending May 26, recorded 494,842 MT, above the market forecasts (250-400 TMT). Inspections for 2015/16 are running 11.3% behind year-ago

- IGC forecasts global 2016/17 wheat flour trade to reach a record 15.05 MMT in grain equivalent, compared with the newly-revised 2015/16 total of 15.010 MMT and the 2014/15 shipments aggregating 14.253 MMT. Major exporting countries in the 2016/17 forecast are Turkey – 4.65 MMT (4.55 MMT in 2015/16); Kazakhstan – 2.85 MMT (2.75); the EU – 1 MMT (1.1); Argentina – 750 TMT; UAE – 650; Pakistan – 600 MMT. Top importers are Iraq – 2.3 MMT (2.3 MMT in 2015/16) and Afghanistan – 1.8 MMT (2.0)

CORN

- May 31 - USDA announced changes in destination on the sale of 120,000 MT of US corn for delivery during 2015/16 from unknown to Taiwan

- US corn export inspections for week, ending May 26, reported 786,407 MT, well below market expectations (1-1.3 MMT). Inspections for 2015/16 are running 11% behind year-ago

- USDA said the US corn crop 94% planted as of May 29, slightly ahead the five-year average of 92%, but equaled the year-earlier score and matching market expectations for 94% complete. Corn condition was rated as 72% good to excellent as of May 29 compared to 74% a year-ago, slightly ahead of market expectations of 71%

- USDA estimated US sorghum planting 44% complete as of May 29, compared to 42% last year and a 51% five-year average

- Argentina issues 180,808 MT of corn export licenses in May

- Argentina in May grants export licenses for 124,885 MT of barley and 38,024 MT of malt

- Argentina issues 57,300 MT of sorghum export licenses in May

- Dr. Michael Cordonnier kept his estimate of South America's 2015/16 corn crop unchanged this week at 105.3 MMT (116.2 MMT in 2014/15)

- EIA estimated US ethanol production for March at 30.812 million barrels versus 28.678 million barrels in February and vs. 29.489 million barrels a year ago

- Pork prices in China have risen to record levels this week despite government moves to cool markets by selling pork from frozen reserves

SOYBEAN

- May 31 - USDA announced export sales of 213,000 MT of US soybeans to unknown destinations for delivery during 2015/16 (73 TMT) and 2016/17 (140 TMT)

- May 31 - Egypt's FIHC bought 30,000 MT of soyoil from ADM at 779 $/mt c&f for June 10-30 arrival but did not purchase sunflower oil

- Argentina in May issues a total of 681,588 MT of soybean export licenses; 4.033 MMT of soymeal licenses and 646,990 MT of soybean oil licenses

- Argentina in May grants export licenses for 80,485 MT of sunflower oil and 68,254 MT of sunflower meal

- US soybean export inspections for week, ending May 26, reported 182,261 MT, within trade forecasts that ranged from 50,000 to 250,000 MT. Inspections for the 2015/16 marketing year are running 7.6% behind year-ago

- USDA said the US soybean planting was 73% complete as of May 29, ahead a year-ago of 68% and the five-year average of 66% and an average of trade estimates of 70%

- The lineup of ships loading soybeans at Brazilian ports in June should fall 20% on year, after record exports in the past few months

- Jun 1 - China auctioned 111,467 MT of rapeseed oil on Wednesday, including 14,730 MT of rapeseed oil produced in 2011 at an average price of 5,303 RMB/mt (804.55 $/mt) and 96,737 MT of rapeseed oil produced in 2012 at 5,436 RMB/mt

- Dr. Michael Cordonnier kept his estimate of South America's 2015/16 soybean crop unchanged this week at 167.3 MMT compare to 171.4 MMT in 2014/15

- GAPKI estimated Indonesia's April exports of palm oil and palm kernel oil at 2.09 MMT, up 20% from the previous month. Production of palm and kernel oil was up to 2.34 MMT in Apr from 2.32 MMT in Mar, while stocks in Indonesia fell to 2.27 MMT from 3.02 MMT a month earlier

- Malaysia will raise its biodiesel mandate to 10% for the transport sector, and to 7% for the industrial sector beginning June

- EIA said US March biodiesel production at 119 million gallons vs. 105 million gallons in February and vs. 98 million gallons a year ago

- EIA said 464 million lbs. of soybean oil used for biodiesel in February (55% of feedstocks used to produce biodiesel) vs. 395 million lbs. in February and vs. 381 million lbs. a year ago