WHEAT

- Mar 2 - Israeli group has postponed an international tender for 45,000 MT of optional-origin feed wheat for Apr-Jun shipments

- Argentina in February granted export licenses for 1.398 MMT of milling wheat and 65,771 MT of wheat flour

- Informa Economics raised its estimate of Argentina's 2016/17 wheat production to 17 MMT and forecasts 2017/18 crop, which will be planted later this year, at 15.5 MMT

- Weather forecasts showed potentially stressful dry and warm conditions persisting in the southern US Plains winter wheat belt

- Weekly US wheat export sales data for week ended Feb 23 totalled 452,000 MT, incl. 353,200 MT for 2016/17 (within trade expectations for 300-500 TMT) and 98,800 MT for 2017/18 (below trade expectations for 100-300 TMT). Export commitments for 2016/17 are running 38% ahead of year-ago

- EU in week ended February 24 awarded licenses to import 13,790 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded 84% (805,702 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-Feb 28, 2016/17 exported 16.128 MMT of soft wheat compared to 18.412 MMT a year ago

- European Commission (EC) forecasts 2017 EU soft wheat crop at 143 MMT vs. 134.3 MMT last year. EU's executive forecasts EU soft wheat exports at 28.9 MMT in 2017/18, up from 24 MMT current season. Soft wheat inventories in the region are forecasted at 10.2 MMT by the end of June 2018, slightly below 10.3 MMT estimated for 2016/17

- FAO’s first forecast of global wheat production in 2017 stands at 744.5 MMT, indicating a 1.8% decline from the 2016 record level but still above the last five-year average. The year-on-year decline would mostly reflect the projected decrease in plantings in North America, and a return to normal production levels in Australia following an exceptionally high output this season

- Mar 14 - Iran's GTC seeks at least 60,000 MT of rice from Argentina and Thailand

CORN

- Mar 2 - Israeli group has postponed an international tender for 85,000 MT of optional-origin corn for Apr-Jun shipments

- Mar 2 - Israeli group has postponed an international tender for 30,000 MT of optional-origin feed barley for Apr-Jun shipments

- Mar 1 - Argentina grants export licenses for 100,364 MT of corn

- Argentina issued 1.278 MMT of corn export licenses in February

- Argentina in February granted export licenses for 326,843 MT of barley and 39,586 MT of malt

- Informa Economics left its forecast for Argentina's 2016/17 corn crop unchanged from last month at 35.2 MMT

- Informa Economics raised its Brazil's 2016/17 corn crop forecast by 2 MMT to 91.0 MMT

- Weekly US corn export sales data for week ended Feb 23 of 713,100 MT, incl. 692,400 MT for 2016/17 (below trade expectations for 700-900 TMT) and 20,700 MT for 2017/18 (below trade estimates of 150-350 TMT). Export commitments for 2016/17 are running 57% ahead of year-ago

- EU in week ended Feb 24 awarded licenses to import 11,760 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 14.78% (39,910 MT) out of a total volume of 270,000 MT available in 2017

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 7.272 MMT of corn (maize) vs. 9.413 MMT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 exported 1.653 MMT of corn vs. 1.256 MMT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 exported 3.024 MMT of barley vs. 7.74 MMT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 exported 1.934 MMT of malt in barley equivalent vs. 2.221 MMT a year ago

- EC expects 2017 EU corn harvest at 66.6 MMT, up 10% from 60.4 MMT in 2016. EC forecasts EU 2017/18 corn imports at 12.4 MMT vs. 13 MMT in 2016/17 and ending stock at 13.7 MMT vs. 11.1 MMT current season

- EC expects 2017 EU barley harvest at 62.7 MMT compared to 59.7 MMT in 2016. EC forecasts EU 2017/18 barley exports at 9.8 MMT vs. 7.1 MMT in 2016/17 and ending stock at 8.5 MMT vs. 8 MMT current season

- Zimbabwe has budgeted $140 million to buy maize from farmers for its strategic reserve

- US Ethanol production for the week ended Feb 24 was steady at 1,034,000 barrels per day, up 4.8% from last year's level of 987,000 bpd. Stocks climbed by 422,000 barrels from the week prior to 23.091 million barrels, up 2.1% vs. 22.624 million barrels a year ago

- US corn consumed for alcohol and other uses was 530 million bushels in January 2017, up 7% from January 2016

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 2.07 million tons during January 2017, up 9% from January 2016

- US wet mill corn gluten feed production was 347 thousand tons during January 2017, down 1% from December 2016 but up 9% from January 2016

SOYBEAN

- Mar 1 - Argentina grants export licenses for 30,000 MT of soymeal and 8,500 MT of sunflower meal

- Argentina in February issued a total of 79,112 MT of soybean export licenses; 809,154 MT of soymeal licenses and 382,927 MT of soybean oil licenses

- Argentina in February granted export licenses for 55,904 MT of sunflower oil and 56,295 MT of sunflower meal

- Informa Economics kept its estimate of Argentina's 2016/17 soybean production at 55 MMT, unchanged from last month

- Informa Economics raised its forecast of Brazil's 2016/17 soybean harvest to 108 MMT, up from its previous estimate of 106.5 MMT

- Weekly US soybean export sales data for week ended Feb 23 of 427,700 MT for 2016/17 (within trade estimates of 300-500 TMT). Export commitments for 2016/17 are running 24% ahead of year-ago

- USDA estimated US January soybean crush for crude oil at 5.119 million short tons, above the average market expectation (5.08 mln tons, or 169.3 mln bu) and up from 4.814 mln tons a year ago. Crude soyoil stocks rose to 1.704 billion lbs as of January 31 from 1.505 in December, but below the 1.724 bln lbs a year ago, while refined oil stocks were at 382,085 million lbs as of Jan 31 vs. 366,919 in Dec and 386,338 in Jan 2016. January US soy cake and meal stocks decreased to 387,020 tons from 403,901 in December and vs. 368,063 tons a year-ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 8.795 MMT of soybeans vs. 8.927 MMT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 11.787 MMT of soymeal vs. 13.932 MMT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 186,088 MT of soybean oil vs. 219,985 MT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 2.433 MMT of rapeseed vs. 2.293 MMT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 143,389 MT of rapeseed meal vs. 340,072 MT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 114,046 MT of rapeseed oil vs. 168,735 MT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 646,614 MT of sunflowerseed vs. 224,124 MT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 2.084 MMT of sunflower meal vs. 1.928 MMT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 867,566 MT of sunflower oil vs. 772,562 MT a year ago

- EU this season in period of Jul 1-Feb 28, 2016/17 imported 3.753 MMT of palm oil vs. 4.636 MMT a year ago

- EC expects 2017 EU rapeseed harvest at 22.1 MMT, up 10.5% from 20 MMT in 2016

- EC forecasts 2017 EU sunflower seed crop at 9.1 MMT, up 7% from 8.5 MMT in 2016

- EC forecasts 2017 EU soybean harvest at 2.5 MMT, unchanged from 2016