WHEAT

- Mar 23 - Japan bought 117,689 MT of food wheat for April-June shipments:

  • 28,500 MT of hard red winter US wheat;
  • 28,600 MT of dark northern spring US wheat;
  • 35,729 MT of Canadian western red spring wheat;
  • 24,860 MT of Australian standard white wheat

- Mar 22 - Argentina registered for export 67,680 MT of wheat and 5,307 MT of wheat flour

- French export group said that Egypt’s GASC would maintain an increased limit for moisture of up to 13.5% (standard is 13.0% limit) in imported wheat until at least November in order to boost competition

- Weekly US wheat export sales data for week ended Mar 16 totalled 568,300 MT, incl. 418,500 MT for 2016/17 (within trade expectations for 250-450 TMT) and 149,800 MT for 2017/18 (within trade expectations for 50-250 TMT). Export commitments for 2016/17 are running 37% ahead of year-ago

- EU in week ended March 17 awarded licenses to import 7,751 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded 85% (816,653 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-Mar 21, 2016/17 exported 17.342 MMT of soft wheat compared to 20.603 MMT a year ago. Top 5 export destinations in 2016/17 are Algeria (18.5%), Saudi Arabia (13.9%), Vietnam (8.4%), Egypt (6%) and Morocco (4.6%)

- IKAR has reduced its forecast of Russia's 2016/17 wheat exports by 0.5 MMT to 27.5 MMT, partially due to problems with supplies to Turkey

- SovEcon has lowered its outlook for Russia's 2017 grain crop by 3.0 MMT to 109.5 MMT, incl. 62.5 MMT of wheat. It forecasts Russia's 2017/18 grain exports at 34.5 MMT (incl. 24.5 MMT of wheat), down from 36.3 MMT (incl. 27 MMT of wheat) this season

- China's February wheat imports up 116.4% on year to 229,457 MT (main suppliers: Australia (128,847 MT) and Canada (64,068 MT)). China's Jan-Feb wheat imports rose 63.3% on year to 567,322 MT

- Ukrainian grain stocks were at 19.208 MMT as of March 1, up 18.7% from a year earlier, incl. 6.05 MMT of wheat (7.294 MMT a year ago), 1.589 MMT of barley (1.28 MMT a year ago) and 10.611 MMT of corn (6.937 MMT a year ago). The data does not include grain stored at small farms

- Argentina's Ag Min kept its 2016/17 wheat production estimate at 18.39 MMT, unchanged from February, and 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

- USDA attaché forecasts Egypt’s 2017/18 wheat production to keep steady at 8.1 MMT. Wheat imports are forecast to increase in 2017/18 to 11.5 MMT from 11 MMT in 2016/17

- USDA attaché forecasts Japan’s 2017/18 wheat production to increase to 820 TMT, up 5.4% from 2016/17 (778 TMT). Wheat imports are forecast to decrease in 2017/18 to 5.85 MMT from 5.9 MMT in 2016/17

- USDA attaché expects Philippine import of wheat to rise 650,000 MT to 5.5 MMT in 2016/17 and increase to 5.65 MMT in 2017/18 due to an expanding population, economic growth, and low prices

- USDA attaché in South Africa forecasts wheat production at 1.75 MMT in 2017/18, down 8.4% from 1.91 MMT in 2016/17. As a result, South Africa will have to import about 1.8 MMT of wheat (1.3 MMT in 2016/17)

CORN

- Mar 23 - Turkey's TMO bought a total of about 88,000 MT of feed barley in 8 consignments each for 11,000 MT for March 30-April 10 shipment:

  • 33,000 MT from Tiryaki Agro at 699.5 Turkish lira/mt (192.9 $/mt) c&f Bandirma;
  • 11,000 MT from VA Intertrade at 700 Turkish lira/mt (193.1 $/mt) c&f Samsun;
  • 11,000 MT from ADM at 700 Turkish lira/mt (193.1 $/mt) c&f Trabzon;
  • 11,000 MT from Ulusoy at 702 Turkish lira/mt (193.6 $/mt) c&f Izmir;
  • 22,000 MT from Ulusoy at 710 Turkish lira/mt (195.8 $/mt) c&f Iskenderun

- Mar 22 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley for May shipment and may retender on March 28

- Mar 22 - Argentina registered 640,363 MT of corn for export

- Mar 22 - Argentina registered 32,000 MT of feed barley for export

- Weekly US corn export sales data for week ended Mar 16 of 1,474,100 MT, incl. 1,347,000 MT for 2016/17 (topped trade expectations for 900-1200 TMT) and 127,100 MT for 2017/18 (within trade estimates of 100-300 TMT). Export commitments for 2016/17 are running 51% ahead of year-ago

- EU in week ended Mar 17 awarded licenses to import 5,049 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 19.53% (52,737 MT) out of a total volume of 270,000 MT available in 2017

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 7.778 MMT of corn (maize) vs. 10.39 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (56.5%), Brazil (11%), Russia (9.7%), Canada (7.7%) and the US (6.4%)

- EU this season in period of Jul 1-Mar 21, 2016/17 exported 1.744 MMT of corn vs. 1.319 MMT a year ago. Top 5 export destinations in 2016/17 are Egypt (25.3%), Lebanon (11.1%), Libya (8.5%), Vietnam (8.4%) and Syria (6.8%)

- EU this season in period of Jul 1-Mar 21, 2016/17 exported 3.718 MMT of barley vs. 8.326 MMT a year ago. Top 5 export destinations in 2016/17 are Saudi Arabia (36.7%), Tunisia (9.4%), China (8.9%), Jordan (7.7%) and Algeria (6.9%)

- EU this season in period of Jul 1-Mar 21, 2016/17 exported 2.077 MMT of malt in barley equivalent vs. 2.409 MMT a year ago. Top 5 export destinations in 2016/17 are Japan (10.6%), Vietnam (9.8%), Nigeria (5.5%), Brazil (3.8%) and South Africa (3.7%)

- China imported 142,556 MT of corn last month, up 128.9% from the year-ago level (main supplier is Ukraine with 136,918 MT). China's Jan-Feb corn imports rose 446.8% on year to 287,080 MT

- China imported 68,860 MT of distillers' dried grains (DDGS) in February, up 91.2% from January but down 61.9% from a year-ago. China's Jan-Feb DDGS imports fell 77.8% on year to 104,871 MT

- China's February ethanol imports fell almost 100% year on year to only 9 cubic metres

- China's February barley imports rose 208.1% on year to 806,456 MT (from Australia (707,957 MT) and Canada (96,000 MT)). China's Jan-Feb barley imports rose 136% on year to 1.473 MMT

- China imported 735,252 MT of sorghum in February, up 29.7% from a year-ago, mainly from the US (727,254 MT). China's Jan-Feb sorghum imports fell 12.5% on year to 1.305 MT

- 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. Harvesting of Argentine corn crop was 8.1% completed as of Mar 23 vs. last year’s pace of 7.2%

- Buenos Aires Grain Exchange forecasts Argentine 2016/17 sorghum crop at 3.2 MMT, down 6% from 2015/16 crop (3.4 MMT). Harvesting of Argentine sorghum crop was 7% completed as of Mar 23 vs. last year’s pace of 8%

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

- Argentina's Ag Min kept its barley production forecast for the 2016/17 at 3.3 MMT, 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 raised its 2016/17 sorghum planting area estimate to 879,000 ha/2.172 mln acres from 840,000 ha in Feb, up 3.4% from last year (850,000 ha)

- USDA attaché in South Africa forecasts corn production at 12 MMT in 2017/18, down from 14.618 MMT in 2016/17. South African corn exports in 2017/18 are expected at 1 MMT (2 MMT in 2016/17)

- USDA attaché forecasts Japan’s 2017/18 coarse grain imports to marginally change: corn – 15 MMT (15.1 MMT in 2016/17); barley – 1.1 MMT (1.15 MMT) and sorghum – 570 TMT (600 TMT)

- USDA attaché forecasts Egypt’s 2017/18 corn production and imports to keep stable at 6 MMT and 8.6 MMT accordingly

- USDA attaché expects Philippine corn production to increase 210,000 MT to 8.1 MMT in 2016/17 due to improved weather conditions, and rise to 8.3 MMT in 2017/18 on rice producers shifting to corn because of anticipated price declines for rice as a result of changes to trade policy. Corn imports are projected to decline through 2017/18 due to increasing output

- US Ethanol production for the week ended Mar 17 decreased by 1,000 barrels to 1,044,000 barrels per day, up 4.9% from last year's level of 995,000 bpd. Stocks fell by 171,000 barrels from the week prior to 22.595 million barrels, up 0.3% vs. 22.519 million barrels a year ago

SOYBEAN

- Mar 22 - Argentina registered for export 142,000 MT of soymeal and 19,700 MT of soybean oil

- Weekly US soybean export sales data for week ended Mar 16 of 818,100 MT, incl. 738,200 MT for 2016/17 (topped trade estimates of 350-550 TMT) and 79,900 MT for 2017/18 (below trade estimates of 100-300 TMT). Export commitments for 2016/17 are running 24% ahead of year-ago

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 9.321 MMT of soybeans vs. 9.988 MMT a year ago. Top 5 import origins in 2016/17 are the US (44.4%), Brazil (27.1%), Canada (10.4%), Paraguay (7.5%) and Ukraine (4.1%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 12.520 MMT of soymeal vs. 15.158 MMT a year ago. Top 5 import origins in 2016/17 are Argentina (46.8%), Brazil (39.5%), Paraguay (7.4%), India (1.1%) and China (1%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 198,100 MT of soybean oil vs. 232,201 MT a year ago. Top 5 import origins in 2016/17 are Norway (25.4%), Serbia (25.3%), Ukraine (23.2%), Russia (16.2%) and Paraguay (6.5%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 2.737 MMT of rapeseed vs. 2.533 MMT a year ago. Top import origins in 2016/17 are Australia (47.6%), Ukraine (31.1%) and Canada (19.1%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 160,129 MT of rapeseed meal vs. 359,651 MT a year ago. Top 5 import origins in 2016/17 are Russia (49.7%), Ukraine (30.2%), Canada (6.1%), Serbia (4.8%) and China (4.8%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 118,277 MT of rapeseed oil vs. 181,940 MT a year ago. Top 5 import origins in 2016/17 are Ukraine (53.6%), Russia (23.4%), Belarus (11.4%), Serbia (9.7%) and Bosnia and Herzegovina (1.6%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 674,837 MT of sunflowerseed vs. 256,795 MT a year ago. Top 5 import origins in 2016/17 are Moldova (35.9%), Argentina (17.9%), Ukraine (16.6%), Serbia (9.8%) and Russia (7.9%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 2.31 MMT of sunflower meal vs. 2.164 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (69.2%), Russia (15.4%), Argentina (11.4%), Serbia (1.9%) and China (0.7%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 956,117 MT of sunflower oil vs. 892,469 MT a year ago. Top import origins in 2016/17 are Ukraine (89.8%), Moldova (4.8%) and Serbia (3.6%)

- EU this season in period of Jul 1-Mar 21, 2016/17 imported 4.01 MMT of palm oil vs. 4.96 MMT a year ago. Top 5 import origins in 2016/17 are Indonesia (50.7%), Malaysia (24.4%), Papua New Guinea (7.9%), Guatemala (6%) and Honduras (5.6%)

- China imported 5,538 MMT of soybeans during February up 22.8% from year-ago (main suppliers: US (4.426 MMT), Brazil (687,350 MT) and Canada (363,654 MT)). China's Jan-Feb soybean imports rose 29.8% on year to 13.194 MMT

- China's February soybean oil imports fell 62.8% from year-ago levels to 29,297 MT, incl. 23,003 MT from US. China's Jan-Feb soy oil imports decline 30% on year to 65,083 MT

- China's February rapeseed imports up 12% on year to 560,222 MT, incl. 554,266 MT from Canada. China's Jan-Feb rapeseed imports rose 48.9% on year to 953,614 MT

- China's February rapeseed oil imports increased by 65.6% on year to 78,345 MT, mainly from Canada (77,312 MT). China's Jan-Feb rapeseed oil imports rose 20% on year to 159,198 MT

- China's February rapeseed meal imports totalled 64,834 MT, mostly from Canada

- China's February palm oil imports up 26.6% on year to 339,657 MT (main suppliers: Indonesia (212,232 MT) and Malaysia (127,397 MT)). China's Jan-Feb palm oil imports rose 16.6% on year to 874,664 MT

- Buenos Aires Grain Exchange raised its Argentina's 2016/17 soybean harvest estimate to 56.5 MMT from 54.8 MMT last week, up from 56 MMT in 2015/16

- Argentina's Ag Min lowered 2016/17 soybean acreage estimate to 19.42 million hectares/47.99 mln acres from 19.45 mln ha in February, down 5% from 20.48 mln ha in 2015/16

- Buenos Aires Grain Exchange forecasts Argentine 2016/17 sunflower crop at 3.3 MMT, up 32% from 2015/16 crop (2.5 MMT). Harvesting of Argentine sunflower crop was 67.2% completed as of Mar 23 vs. last year’s pace of 74.8%

- Argentina's Ag Min upped its sunseed production forecast for the 2016/17 to 3.3 MMT from 3.2 MMT in February, up 10% from 3 MMT in 2015/16. Sunseed crush in 2016/17 (Jan-Dec 2017) is expected to rise to 3.1 MMT from 2.75 MMT in previous season

- Ukrainian sunflower stocks were at 4.761 MMT as of March 1, up 46.5% from a year earlier (3.25 MMT). The data does not include grain stored at small farms

- USDA attaché forecasts sunflower production in Russia at a record 11 MMT in 2017/18, up from 10.858 MMT in 2016/17. Russian sunflower crush in 2017/18 is expected at 10.4 MMT (10.1 MMT in 2016/17)

- USDA attaché forecasts Russia’s 2017/18 sunflower meal production to increase to 4.27 MMT, up 2.9% from 2016/17 (4.15 MMT). Sun meal exports are forecast to rise in 2017/18 to 1.7 MMT from 1.6 MMT a year-ago

- USDA attaché forecasts Russia’s 2017/18 sunflower oil production to increase to 4.3 MMT, up 2.4% from 2016/17 (4.2 MMT). Sun oil exports may rise in 2017/18 to 2.15 MMT from 2.05 MMT a year-ago

- USDA attaché forecasts Russia’s 2017/18 soybean production to increase to a record 3.2 MMT, up 2.1% from 2016/17 (3.135 MMT). Soybean imports in 2017/18 are expected at 2.1 MMT (2 MMT in 2016/17) and crushing at 4.35 MMT (4.3 MMT in 2016/17)

- USDA attaché expects Russia in 2017/18 to produce 3.4 MMT of soymeal (3.388 MMT in 2016/17) and 780 TMT of soybean oil (771 TMT in previous year). Soybean oil exports are forecast to rise in 2017/18 to 480 TMT from 470 TMT a year-ago

- USDA attaché forecasts Russia’s 2017/18 palm oil imports to keep stable at 800 TMT