WHEAT

- Mar 28 - Algeria's OAIC bought 200,000-250,000 MT of optional-origin durum wheat, likely from Canada or US, at around 250-254 $/mt c&f for May 16-31 shipment

- Mar 27 - Philippines importers bought 45,000 MT of feed wheat, likely from the EU or Black Sea region, at around 186 $/mt c&f for July 11-30 shipment. An unknown volume of milling wheat was purchased at 190 $/mt c&f. The both prices were regarded as low

- Syria has received 50,000 MT of Russian wheat this month as humanitarian aid

- Mar 28 - Argentina registered 28,205 MT of wheat for export

- Mar 29 - China auctioned 1,500 MT of imported wheat from state reserves, or 1.6% of the offered amount (92,901 MT), at average price of 2,550 RMB/mt (370 $/mt)

- Russian and Turkish economy ministries plan to hold consultations on Russian grain supplies to Turkey soon

- Russia's Ag Min plans to set grain prices for its restocking programme in the 2017/18 marketing year, which starts on July 1:

  • Wheat 1 class – 12,500 RUR/mt;
  • Wheat 2 class – 11,500 RUR/mt;
  • Wheat 3 class – 10,300 RUR/mt (10,900 RUR/mt in 2016/17);
  • Wheat 4 class – 9,000 RUR/mt (10,400 RUR/mt);
  • Wheat 5 class – 7,600 RUR/mt (8,800 RUR/mt);
  • Rye – 7,400 RUR/mt (7,400 RUR/mt);
  • Barley – 7,600 RUR/mt (8,000 RUR/mt);
  • Corn – 7,900 RUR/mt (7,900 RUR/mt)

CORN

- Apr 5 - Japan seeks 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction

- Mar 28 - Jordan has again made no purchase in an international tender for 100,000 MT of optional-origin feed barley for May-June shipment

- Mar 28 - Argentina registered 225,000 MT of corn for export

- Mar 28 - Argentina registered 32,000 MT of feed barley for export

- Dr. Michael Cordonnier left his forecast of South America’s 2016/17 corn crop unchanged this week at 129.3 MMT compared to 97.2 MMT in 2015/16

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 14.324 MMT from 13.918 MMT last month. It would be 84.1% more than last year (7.779 MMT in 2016) and just below average market expectations of 14.35 MMT

- CEC upped S. Africa’s 2017 sorghum crop forecast to 153,480 MT from 140,950 MT in Feb, up in 2.2 times from 70,500 MT in 2016

- Ukraine’s Ag Min estimated early spring grain planting 35% done as of Mar 28. Ukrainian farmers planted 845,000 ha of spring crops, thereof 578,000 ha of barley (or 33% of planned area), 183,000 ha of peas (or 66%), 42,000 ha of oats (or 20%) and 43,000 ha of wheat (or 23%)

SOYBEAN

- Mar 28 - South Korea's NOFI has purchased about 55,000 MT of South American soymeal from Bunge at 353.25 $/mt c&f+1.2 $/mt surcharge for additional port unloading for July 24-Aug 12 shipment with Sept 20 arrival

- Mar 28 - Argentina registered for export 18,460 MT of soymeal 5,056 MT of soybean oil

- Dr. Michael Cordonnier raised his forecast of South America’s 2016/17 soybean crop this week by 1.9 MMT to 180.1 MMT (165.5 MMT in 2015/16) due to increase forecasts for Argentina by 1 MMT to 56 MMT (56 MMT in 2015/16) and Paraguay by 0.9 MMT to 10 MMT (9 MMT in 2015/16)

- CEC raised S. Africa’s 2017 soybean crop forecast to 1.162 MMT from 1.07 MMT last month, up 56.7% from 742,000 MT in 2016

- CEC lowered S. Africa’s 2017 sunflower crop outlook to 896,060 MT from 928,620 MT in Feb, but it would be up 18.7% from 755,000 MT in 2016

- USDA attaché forecasts Taiwan’s 2017/18 soybean imports at 2.4 MMT as soymeal demand is expected to recover to 2015/16 levels. 2016/17 imports are lowered 250,000 MT to 2.35 MMT based higher beginning stocks and slower import pace for October-December 2016

- Indonesia has set crude palm oil export tax at 3 $/mt for April, down from 18 $/mt in March