WHEAT

- Jun 21 - Jordan seeks 100,000 MT of optional origin hard milling wheat. Jordan has changed its wheat import buying terms in a bid to attract more suppliers to its purchase tenders. They will allow up to 0.8% sunn pest compared to 0.6% previously and fines for missing protein and gluten content were lowered

- Jun 16 - Israeli group bought unclear volume of feed wheat (tendered for 50,000 MT) at 177 $/mt c&f for Aug-Sep shipment and 178 $/mt c&f for Sep-Oct shipment

- Jun 15 - Algeria bought at least 150,000 MT of durum wheat for Aug 16-Sep 15 shipment:

  • 100,000 MT of durum wheat, likely from Mexico, at around 290-291 $/mt c&f
  • 50,000 to possibly 100,000 MT of durum wheat, likely from Canada or the US, at around 295-296 $/mt c&f

- Jun 16 - Argentina grants export licenses for 20,000 MT of low protein wheat

- Indian government has decided to extend the 25% import duty on wheat for another 3 months to end September

- Weekly US wheat export sales data for week ended June 9 totalled 762,900 MT for 2016/17 (topped trade expectations of 250-450 TMT). Export commitments for 2016/17 are running 30% ahead of year-ago to start the season

- EU in week ended June 14 granted licenses to export 869 TMT of soft wheat, bringing the total this season to 30.104 MMT vs. 30.273 MMT a year ago

- Strategie Grains increased its 2015/16 EU soft wheat export estimate by 800,000 MT to 31.2 MMT, as a recent drop in prices boosted EU wheat's competitiveness; but lowered its export forecast for 2016/17 by 800,000 MT to 29.9 MMT due to quality concerns after heavy rainfall last month and higher supplies from Russia. Strategie Grains left this year's soft wheat production estimate in the EU unchanged from last month at 146.7 MMT (151.1 MMT in 2015). While the overall output didn't change Strategie Grains made significant changes per country with a combined rise of 1.3 MMT for Bulgaria, Romania, Spain and Italy offsetting a reduction of 1.3 MMT for France and Germany

- FranceAgriMer said 75% of soft wheat crops were in good and excellent condition as of June 13, down 4% points from last week and below the year-earlier score of 85%; durum rating at 68% in good to excellent vs. 68% last week and vs. 82% a year ago

- Buenos Aires Grain Exchange kept Argentina's 2016/17 wheat acreage unchanged from last week at 4.5 mln ha (3.6 mln ha in 2015/16). Exchange estimates 30% of the crop has been planted as of June 16 vs. 25% this time last year

- Ukraine's Ag Min said Ukraine exported 37.871 MMT of grain between July 1-June 17, 2015/16, including: corn – 16.97 MMT; wheat – 16.349 MMT; barley – 4.32 MMT; others – 232 TMT. Also was exported almost 325 TMT of wheat flour

- Russian Ag Min estimated country's grain exports in 2015/16 at 34-35 MMT

- Russia will launch grain interventions in August-September

- Jun 16 - China sold a total of 169,799 MT of japonica rice from state reserves, 11.3% of the offered amount, at an average price of 3,176 RMB/mt (482 $/mt)

CORN

- Jun 22 - Jordan seeks 100,000 MT of optional origin feed barley

- Jun 21 - Indian state-run trading company PEC seeks 50,000 MT of non-GM yellow corn. The tender closes on June 21 and offers must remain valid up to June 24

- Jun 17 - South Korea's Nonghyup Feed Inc (NOFI) seeks up to 345,000 MT of corn for Oct 10-Nov 10 shipment

- Jun 16 - South Korea's Major Feedmill Group bought 130,000 MT of optional origin corn:

  • 65,000 MT at 213.71 $/mt c&f + 0.75 $/mt surcharge for additional port unloading for August 20 arrival;
  • 65,000 MT at 205.00 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for September 10 arrival

- Jun 16 - South Korea's KFA (Korea Feed Association) bought 61,000 MT of South American or US corn at 213.7 $/mt c&f + 0.75 $/mt surcharge for additional port unloading for arrival around Sep 30

- Jun 16 - Israeli group bought unclear volume of corn (tendered for 60,000 MT) from Nidera at 206.5 $/mt c&f for Aug-Sep shipment and 197.5 $/mt c&f for Sep-Oct shipment

- Jun 16 - Israeli group bought unclear volume of barley (tendered for 15,000 MT) at 166 $/mt c&f for Sep-Oct shipment

- Jun 14 - South Korea's KOCOPIA bought about 55,000 MT of US corn at 214.9 $/mt c&f for Jul-Aug shipment and arrival around Aug 25

- Jun 16 - Argentina grants export licenses for 27,500 MT of barley and 10,000 MT of corn

- Weekly US corn export sales data for week ended June 9 of 1,088,400 MT, incl. 909,700 MT for 2015/16 (within trade expectations of 900-1200 TMT) and 178,700 MT for 2016/17 (slightly below trade forecasts of 200-400 TMT). Total current marketing-year US corn export sales are 2% ahead the same point last year

- Brazil's Ag Min is preparing to provisionally allow imports of some varieties of GMO corn from the US to ease the local supply crisis. Brazil currently permits the import of a very limited number of GMO crop varieties and so users are reluctant to import US origin. But this decision may come too late because the supply of corn is beginning to normalize as second season corn harvest progresses

- Agroconsult estimates Brazilian 2015/16 all-corn crop at around 77 MMT

- EU in week ended June 10 awarded licenses to import 11,650 MT of Ukrainian barley under an annual duty-free quota, bringing the total to 25,949 MT or 10.4% out of a total volume of 250,000 MT available in 2016

- EU in week ended June 14 awarded 77 TMT of corn (maize) import certificates, taking the volume so far this season to 12.914 MMT vs. 8.763 MMT a year ago

- EU in week ended June 14 granted licenses to export 64 TMT of corn, bringing the total this season to 1.785 MMT vs. 3.386 MMT a year ago

- EU in week ended June 14 granted licenses to export 217 TMT of barley, bringing the total this season to 9.409 MMT vs. 8.597 MMT a year ago

- Strategie Grains cut its 2016 EU corn crop forecast by 500,000 MT to 62.2 MMT (57.3 MMT in 2015) mainly because of smaller acreage in Spain, Italy, Portugal, Bulgaria and Slovakia

- Strategie Grains increased its 2016 EU barley production forecast to 62.6 MMT from last month's 61.5 MMT outlook and above last year's 60.9 MMT, due mainly to higher projected yields in Denmark, Hungary, Romania, Bulgaria and Spain, that more than offset lower outlook for France, UK and Slovakia

- FranceAgriMer said 73% of France's winter barley crops were in good to excellent condition as of June 13, down 3% points on the prior week and below the year-ago score of 85%. Spring barley rating was at 86% in good to excellent vs. 91% a week ago and vs. 82% a year ago

- FranceAgriMer estimated France's corn planting 99% done as of June 13, still behind last year's pace of 100%. Corn crop condition was estimated as 73% in good to excellent, down 2% points on the prior week and below the year-ago score of 85%

- 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 35.3% completed as of June 16, still behind of last year's pace

- Monsanto Co is selling its US sorghum production assets to Remington Holding Co LLC and will roll its sorghum breeding business into a joint venture with the privately held company, in transactions valued at about $169.5 million. Monsanto's global sorghum breeding business will be a part of the joint venture called Innovative Seed Solutions LLC (40% stake in JV will assume Monsanto and 60% – Remington)

SOYBEAN

- Jun 17 - South Korea's Nonghyup Feed Inc (NOFI) seeks up to 55,000 MT of soymeal for delivery by November 15

- Jun 16 - Argentina grants export licenses for 32,500 MT of soybeans

- Weekly US soybean export sales data for week ended June 9 of 1,585,000 MT, incl. 816,400 MT for 2015/16 (well above trade expectations of 400-600 TMT) and 768,600 MT for 2016/17 (within trade expectations of 600-800 TMT). Total current marketing-year US soybean export sales are 2% behind the same point last year

- Buenos Aires Grains Exchange maintains its forecast for 2015/16 Argentine soy crop at 56 MMT (60.8 MMT in 2014/15). Harvesting of Argentine soybean crop was 91.4% completed as of June 16, below last year's pace of 98.4%

- Agroconsult estimates Brazilian 2015/16 soybean crop at around 98 MMT

- Agroconsult forecasts Brazil's 2016/17 soybean acreage at 33.6 mln hectares, up 500,000 ha from the previous crop year (33.1 mln ha in 2015/16)