WHEAT

- Jan 26 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for Mar 1-10 shipment

- Jan 25 - Israeli group bought up to 40,000 MT (tonnage bought was unclear) of optional origin feed wheat:

  • up to 20,000 MT at 180.5 $/mt c&f for April 5-25 shipment;
  • up to 20,000 MT at 180.5 $/mt c&f for April 25-May 15 shipment

- Indian mills recently bought 50,000 MT of Australian standard wheat, 9% protein, at around 221-225 $/mt c&f for February shipment

- Bangladeshi buyers recently bought 50,000 MT of Canadian wheat, 13.5% protein, at 275 $/mt c&f for April arrival

- Indonesian mill recently bought 20,000 MT of Canadian wheat at 270 $/mt c&f for April arrival

- Jan 25 - Argentina grants export licenses for 316,848 MT of milling wheat

- Jan 25 - China auctioned 1,000 MT of imported wheat from state reserves, or 1.1% of the offered amount (92,991 MT), at a price of 2,550 RMB/mt (371 $/mt)

- A deal struck in October for Syria to buy 1 MMT of wheat from Russia to prevent bread shortages in government-held areas has not been fulfilled and may never be, because Russian firm that won tender is not likely to meet contract terms

- Weekly US wheat export sales data for week ended Jan 19 totalled 957,300 MT, incl. 853,400 MT for 2016/17 (well above trade expectations for 200-400 TMT) and 103,900 MT for 2017/18 (topped trade expectations for 0-75 TMT). Export commitments for 2016/17 are running 35% ahead of year-ago

- EU in week ended January 20 awarded licenses to import 83,596 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded 70% (675,156 MT) out of a total volume of 960,000 MT available in 2017

- According to TAXUD, the EU this season in period of Jul 1-Jan 24, 2016/17 exported 13.906 MMT of soft wheat compared to 14.894 MMT a year ago

- Indonesia has approved France's food safety system for grains, fruit and vegetables, a move that should unblock exports stalled since last year in what traders said was retaliation against a proposed French tax on palm oil

- South Africa's Crop Estimates Committee (CEC) raised its winter wheat production estimate for 2016 year to 1.893 MMT from 1.876 MMT in prior month, up 31.5% over the previous season's crop of 1.44 MMT

- Bulgaria's Ag Min said Bulgaria exported 1.394 MMT of wheat via port Varna between July 4-Jan 22, 2016/17, up 15.5% from a year-ago (1.207 MMT)

- USDA attaché raised its estimate of Morocco's wheat imports in 2016/17 to 5.5 MMT (5 MMT – USDA's official projection and 4.5 MMT in 2015/16). This change is based on increasing import demand as a result of tightening stocks. As of January 1, 2017, Morocco estimates its total stock of common wheat at 150,000 MT, durum wheat at 60,000 MT, and barley at 100,000 MT. According to the trade, these stocks will cover domestic demand only through the end of February

- President Trump's plan to renegotiate the North American Free Trade Agreement with Mexico and Canada and his abandonment of the Trans Pacific Trade Partnership with Asian countries has raised concerns about prospects for U.S. agricultural trade

- Posco Daewoo Corporation has won the right to build and operate a rice processing complex from the Myanmar government

CORN

- Jan 25 - Israeli group bought up to 85,000 MT (tonnage bought was unclear) of optional origin corn:

  • up to 35,000 MT at 179.71 $/mt c&f for March 5-April 15 shipment depending on origin;
  • up to 50,000 MT at a premium of 84 US cents/bu c&f over the Chicago May contract (~180 $/mt) c&f for April 1-May 10 shipment depending on origin

- Jan 25 - Israeli group bought up to 25,000 MT (tonnage bought was unclear) of optional origin feed barley:

  • up to 15,000 MT at 178.0 $/mt c&f for April 5-25 shipment;
  • up to 10,000 MT at 179.5 $/mt c&f for April 25-May 15 shipment

- Jan 25 - USDA announced export sales of 141,224 MT of US corn for delivery to unknown destinations during 2016/17

- Jan 25 - Argentina grants export licenses for 13,000 MT of malt

- Weekly US corn export sales data for week ended Jan 19 of 1,391,400 MT, incl. 1,370,400 MT for 2016/17 (topped trade expectations for 700-1000 TMT). Export commitments for 2016/17 are running 69% ahead of year-ago

- South Africa issued permits to allow total imports of 1.3 MMT of GMO corn from the US, since allowing entry of the grain for the first time in December. South Africa imported 641,235 MT of white corn between May 1, 2016 and Jan 20, 2017 (580,484 MT of Mexican and 60,751 MT of US) and 1,181,710 MT of yellow corn (997,736 MT of Argentine, 94,462 MT of Brazilian, 72,008 MT of Ukrainian and 17,504 MT of Romanian)

- EU in week ended Jan 20 awarded licenses to import 2,500 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 5.85% (15,800 MT) out of a total volume of 270,000 MT available in 2017

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 5.977 MMT of corn (maize) vs. 7.744 MMT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 exported 1.506 MMT of corn vs. 1.14 MMT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 exported 2.526 MMT of barley vs. 6.406 MMT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 exported 1.607 MMT of malt in barley equivalent vs. 1.839 MMT a year ago

- Bulgaria's Ag Min said Bulgaria exported 191,336 MT of corn via port Varna between Sept 1-Jan 22, 2016/17, down 33.2% from a year-ago (286,502 MT)

- Bulgaria's Ag Min said Bulgaria exported only 13,916 MT of barley via port Varna between July 4-Jan 22, 2016/17, down 88.9% from a year-ago (125,842 MT)

- South Africa's Crop Estimates Committee (CEC) estimated corn plantings this year at 2.549 million hectares, below the average market expectations of 2.6 mln ha, but 30.95% or 602,450 ha more than the 1.947 million ha planted for the previous season, and also 3.5% or 86,200 ha more than the intentions to plant figure of 2.463 mln ha released in October 2016

- CEC raised its estimate of S. Africa's 2016 malting barley to 354,065 MT from 339,135 MT last month (332,000 MT in 2015)

- CEC estimated sorghum plantings in 2017 at 36,800 hectares, lower than initial intention (38,300 ha) and down 24.1% from last year's acreage

- The Environmental Protection Agency (EPA) will delay implementation of this year's biofuels requirements, potentially reducing demand for grains and oilseeds needed to make renewable fuels

- US Ethanol production for the week ended Jan 20 fell by 3,000 barrels to 1,051,000 barrels per day, up 9.4% from last year's level of 961,000 bpd. Stocks climbed by 613,000 barrels from the week prior to 21.728 million barrels now up 1.4% vs. 21.436 million barrels a year ago

SOYBEAN

- Jan 24 - South Korea bought 165,000 MT of Brazilian soybeans (can contain GMOs):

  • 55,000 MT of soybeans at a premium of 122.35 US cents/bu c&f over the Chicago May contract (~437 $/mt) for April 10-30 shipment;
  • 55,000 MT of soybeans at a premium of 116.88 US cents/bu c&f over the Chicago July contract (~437 $/mt) for May 5-24 shipment;
  • 55,000 MT of soybeans at a premium of 122.38 US cents/bu c&f over the Chicago July contract (~439 $/mt) for May 25-June 13 shipment

- Indonesian importers have in past days purchased about 80,000 to 90,000 MT of Argentine soymeal largely for April shipment

- Jan 25 - Argentina grants export licenses for 19,063 MT of soyoil and 10,000 MT of soybeans

- Weekly US soybean export sales data for week ended Jan 19 of 665,400 MT, incl. 539,400 MT for 2016/17 (within trade estimates of 450-650 TMT) and 126,000 MT for 2017/18 (topped trade estimates of 0-50 TMT). Export commitments for 2016/17 are running 23% ahead of year-ago

- Jan 25 - China sold 98,784 MT of rapeseed oil produced in 2013 from state reserves or 100% of the offered amount at auction at an average price of 6,812 RMB/mt (991 $/mt). Since Oct 12, 2016, the accumulated traded quantity was 1,584,050 MT

- CEC estimated soybean plantings in 2017 at 542,200 hectares, bigger than initial intention (516,000 ha) and up 7.8% from last year's acreage

- CEC estimated sunflower plantings in 2017 at 665,800 hectares, lower than initial intention (670,000 ha) and down 7.3% from last year's acreage

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 7.384 MMT of soybeans vs. 7.940 MMT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 10.3 MMT of soymeal vs. 12.18 MMT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 165,071 MT of soybean oil vs. 190,521 MT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 1.742 MMT of rapeseed vs. 1.925 MMT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 134,634 MT of rapeseed meal vs. 312,871 MT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 109,286 MT of rapeseed oil vs. 156,783 MT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 601,984 MT of sunflowerseed vs. 193,125 MT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 1.686 MMT of sunflower meal vs. 1.566 MMT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 693,009 MT of sunflower oil vs. 614,589 MT a year ago

- EU this season in period of Jul 1-Jan 24, 2016/17 imported 3.257 MMT of palm oil vs. 3.95 MMT a year ago