WHEAT

- Feb 23 - Argentina grants export licenses for 51,815 MT of milling wheat and 4,971 MT of wheat flour

- Weekly US wheat export sales data for week ended Feb 16 totalled 707,800 MT, incl. 451,300 MT for 2016/17 (within trade expectations for 350-550 TMT) and 256,500 MT for 2017/18 (topped trade expectations for 0-50 TMT). Export commitments for 2016/17 are running 38% ahead of year-ago

- USDA projected US total wheat production at 1.837 billion bushels this year, down from 2.31 bln in 2016/17, while 2017/18 ending stocks are expected at 905 million bushels vs. 1.139 bln in 2016/17

- Argentina's Ag Min raised 2016/17 wheat production estimate to 18.39 MMT from 16.5 MMT in January, up 62.7% from 11.3 MMT in 2015/16. Wheat exports in 2016/17 (Dec-Nov) is expected to rise to 11.3 MMT from 8.8 MMT in previous season

- FranceAgriMer said 93% of France’s soft wheat crops were in good to excellent condition as of Feb 20, up 1% point the prior week and vs. 94% a year ago; durum rating at 85% in good to excellent vs. 85% a week-ago and vs. 90% a year-ago

- China's January wheat imports up 39.9% on year to 337,865 MT (main suppliers: Australia (260,816 MT) and US (57,537 MT))

CORN

- Feb 23 - Argentina grants export licenses for 21,200 MT of malt

- Weekly US corn export sales data for week ended Feb 16 of 1,007,600 MT, incl. 743,100 MT for 2016/17 (below trade expectations for 800-1100 TMT) and 264,500 MT for 2017/18 (below trade estimates of 300-500 TMT). Export commitments for 2016/17 are running 61% ahead of year-ago

- USDA projected US corn production at 14.065 billion bushels this year, down from 15.148 bln in 2016/17, while 2017/18 ending stocks are expected at 2.215 billion bushels vs. 2.32 bln in 2016/17. Corn exports were seen falling 325 million bushels to 1.9 billion bushels

- Buenos Aires Grain Exchange maintains its forecast for Argentina's 2016/17 corn crop at 37 MMT, up 23.3% vs. 30 MMT in 2015/16

- Buenos Aires Grain Exchange forecasts Argentine 2016/17 sorghum crop at 3.2 MMT, down 6% from 2015/16 crop (3.4 MMT)

- Argentina's Ag Min upped its corn acreage estimate for the 2016/17 by 50,000 ha to 7.3 mln ha/18.04 mln acres, up 5.8% from 6.9 mln ha in 2015/16

- Argentina's Ag Min lowered its barley production forecast for the 2016/17 to 3.3 MMT from 3.5 MMT in January, down 32.7% from 4.9 MMT in 2015/16. Barley exports in 2016/17 (Dec-Nov) is expected to fall to 1.5 MMT from 3.1 MMT in previous season

- Argentina's Ag Min kept its 2016/17 sorghum planting area estimate at 840,000 ha/2.076 mln acres, down 1.2% from last year (850,000 ha)

- SAGIS estimated South Africa's corn stocks as of January 31 were at 2.502 MMT vs. 3.104 MMT a month ago and 3.253 MMT a year ago

- SAGIS estimated S. Africa's May-Jan 2016/17 corn exports at 750,940 MT vs. 647,565 MT a year ago

- SAGIS estimated S. Africa's May-Jan 2016/17 corn imports at 1.908 MMT vs. 909,766 MT a year ago

- FranceAgriMer said 90% of France’s winter barley crops were in good to excellent condition as of Feb 20, compared with 91% a week earlier and vs. 94% a year ago

- FranceAgriMer estimated spring barley planting 17% done as of Feb 20, ahead of last year’s pace of 6%

- China imported 158,875 MT of corn last month, sharply up from the year-ago level (main supplier is Ukraine with 150,161 MT)

- China imported 36,011 MT of distillers' dried grains (DDGS) in January, down 48.5% from December and down 87.6% from a year-ago

- China's January ethanol imports fell 94.9% year on year to only 2,415 cubic metres, mainly from Vietnam

- China's January barley imports rose 83.9% on year to 666,410 MT (from Australia (561,428 MT) and Canada (104,982 MT))

- China imported 569,837 MT of sorghum in January, down 38.3% from a year-ago, mainly from the US (531,612 MT)

- US Ethanol production for the week ended Feb 17 fell by 6,000 barrels to 1,034,000 barrels per day, up 4% from last year's level of 994,000 bpd. Stocks climbed by 169,000 barrels from the week prior to 22.669 million barrels, down 1.9% vs. 23.105 million barrels a year ago

SOYBEAN

- Feb 23 - Argentina grants export licenses for 101,536 MT of soybean oil and 126,000 MT of soymeal

- Feb 23 - Argentina grants export licenses for 4,706 MT of sunflower oil and 7,500 MT of sunflower meal

- Weekly US soybean export sales data for week ended Feb 16 of 442,200 MT, incl. 413,500 MT for 2016/17 (below trade estimates of 550-850 TMT) and 28,700 MT for 2017/18 (below trade estimates of 100-300 TMT). Export commitments for 2016/17 are running 25% ahead of year-ago

- USDA projected US soybean production at 4.18 billion bushels this year, down from 4.307 bln in 2016/17, while 2017/18 ending stocks are expected steady at 420 million bushels, unchanged from 2016/17. Soybean exports were seen rising 75 million bushels to a record 2.125 billion bushels

- Buenos Aires Grain Exchange kept its forecast of Argentina's 2016/17 soybean crop at 54.8 MMT, down 2.1% vs. 56 MMT in 2015/16

- Buenos Aires Grain Exchange forecasts Argentine 2016/17 sunflower crop at 3.5 MMT, up 40% from 2015/16 crop (2.5 MMT). Harvesting of Argentine sunflower crop was 33.1% completed as of Feb 23 vs. last year’s pace of 29%

- Argentina's Ag Min lowered 2016/17 soybean acreage estimate to 19.45 million hectares/48.06 mln acres from 19.8 mln ha in January, down 5% from 20.6 mln ha in 2015/16

- Argentina's Ag Min upped 2016/17 sunseed acreage estimate to 1.69 million hectares/4.176 mln acres from 1.64 mln ha in January, up 17.8% from 1.435 mln ha in 2015/16

- China imported 7.655 MMT of soybeans during January up 35.3% from year-ago (main suppliers: US (6.777 MMT), Canada (510,999 MT) and Brazil (253,028 MT))

- China's January soy oil imports rose 152.2% from year-ago levels to 35,786 MT, incl. 30,016 MT from US

- China's January rapeseed imports up 180.9% on year to 393,402 MT, incl. 367,508 MT from Canada

- China's January rapeseed oil imports fell by 5.3% on year to 80,853 MT, mainly from Canada (77,769 MT)

- China's January rapeseed meal imports rose to 80,251 MT, from Canada

- China's January palm oil imports up 11% on year to 535,031 MT (main suppliers: Indonesia (373,712 MT) and Malaysia (161,319 MT))

- Indonesia will keep the export tax for crude palm oil at 18 $/mt in March, unchanged from February