WHEAT

- Apr 6 - Jordan seeks 100,000 MT of optional-origin hard milling wheat for Oct-Nov shipment

- Mar 30 - Tunisia's state grains agency bought about 100,000 MT of optional-origin soft milling wheat for May-June shipment:

  • 25,000 MT of soft milling wheat from Ameropa at 187.39 $/mt c&f;
  • 25,000 MT of soft milling wheat from Ameropa at 194.49 $/mt c&f;
  • 25,000 MT of soft milling wheat from Casillo at 200.99 $/mt c&f;
  • 25,000 MT of soft milling wheat from Casillo at 201.68 $/mt c&f

- Mar 30 - Argentina registered 59,220 MT of wheat for export

- Flour millers in India’s south say they will continue importing wheat from Australia and the Black Sea region even with the 10% duty imposed this week as it’s cheaper than locally grown supplies

- Weekly US wheat export sales data for week ended Mar 23 totalled 627,600 MT, incl. 464,100 MT for 2016/17 (topped trade expectations for 250-450 TMT) and 163,500 MT for 2017/18 (within trade expectations for 50-200 TMT). Export commitments for 2016/17 are running 37% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported 33.078 MMT of grain between July 1-Mar 29, 2016/17, up 9% from 30.343 MMT for the same period last season, including:

  • wheat – 14.495 MMT (vs. 12.796 MMT a year ago);
  • barley – 4.784 MMT (4.044 MMT);
  • corn – 13.623 MMT (13.317 MMT)

- EU in week ended March 24 awarded licenses to import 8,528 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded 86% (825,181 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 28, 2016/17 exported 17.806 MMT of soft wheat compared to 21.371 MMT a year ago. Top 5 export destinations in 2016/17 are Algeria (18.1%), Saudi Arabia (14.2%), Vietnam (8.2%), Egypt (5.9%) and Morocco (4.4%)

- FranceAgriMer said 90% of France’s soft wheat crops were in good to excellent condition as of Mar 27, down 1% point from the prior week and vs. 92% a year ago; durum rating at 80% in good to excellent vs. 81% a week-ago and vs. 86% a year-ago

- International Grains Council (IGC) expects world wheat production to fall to 735 MMT from a record 754 MMT in 2016/17. It projects carryover stocks at 234 MMT in 2017/18, down 6 MMT from the year prior

- USDA attaché forecasts Malaysia’s wheat imports in 2017/18 at 1.75 MMT, up 50,000 MT or 2.9% compared to the 2016/17 estimate of 1.7 MMT

CORN

- Apr 5 - Jordan seeks 100,000 MT of optional-origin feed barley for May-June shipment

- Mar 30 - Tunisia's state grains agency bought 50,000 MT of optional-origin feed barley for May-July shipment:

  • 25,000 MT of feed barley from Cargill at 172.72 $/mt c&f;
  • 25,000 MT of feed barley from Soufflet at 175.74 $/mt c&f

- Mar 30 - Argentina registered 307,691 MT of corn for export

- Mar 30 - Argentina registered 21,500 MT of malt for export

- Weekly US corn export sales data for week ended Mar 23 of 841,900 MT, incl. 716,900 MT for 2016/17 (below the trade expectations for 900-1200 TMT) and 125,000 MT for 2017/18 (within trade estimates of 100-300 TMT). Export commitments for 2016/17 are running 50% ahead of year-ago

- Agroconsult kept its Brazil's 2016/17 total corn crop estimate at 95 MMT, unchanged from previous forecast

- 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 11% completed as of Mar 30 vs. last year’s pace of 12.9%

- EU in week ended Mar 24 awarded licenses to import 100 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 19.57% (52,837 MT) out of a total volume of 270,000 MT available in 2017

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 8.049 MMT of corn (maize) vs. 10.526 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (57.4%), Brazil (10.6%), Russia (9.6%), Canada (7.5%) and the US (6.2%)

- EU this season in period of Jul 1-Mar 28, 2016/17 exported 1.752 MMT of corn vs. 1.365 MMT a year ago. Top 5 export destinations in 2016/17 are Egypt (25.2%), Lebanon (11.3%), Libya (8.4%), Vietnam (8.4%) and Syria (6.8%)

- EU this season in period of Jul 1-Mar 28, 2016/17 exported 3.875 MMT of barley vs. 8.516 MMT a year ago. Top 5 export destinations in 2016/17 are Saudi Arabia (38.8%), Tunisia (9.0%), China (8.5%), Jordan (7.4%) and Algeria (6.9%)

- EU this season in period of Jul 1-Mar 28, 2016/17 exported 2.16 MMT of malt in barley equivalent vs. 2.449 MMT a year ago. Top 5 export destinations in 2016/17 are Japan (10.6%), Vietnam (9.8%), Nigeria (5.3%), Brazil (4.5%) and South Africa (3.7%)

- FranceAgriMer said 85% of France’s winter barley crops were in good to excellent condition as of Mar 27, compared with 85% a week earlier and vs. 91% a year-ago

- FranceAgriMer estimated spring barley planting 99% done as of Mar 27, ahead of last year’s pace of 95%. Spring barley rating was at 86% in good to excellent vs. 87% last week and vs. 95% a year ago

- IGC projected world corn production would fall to 1024 MMT in 2017/18, down from a record 1053 million current season. It projected corn carryover next season at 205 MMT, down 20 MMT from the year prior

- USDA attaché estimates that 2016/17 total overall imports of corn into Malaysia to drop to 3.8 MMT from 4.134 MMT in 2015/16. Even so, US shipments of corn are likely to increase to 150,000 MT from 98,000 MT in 2015/16, due to positive acceptance of US corn among Malaysian feed millers. For 2017/18 corn imports are forecast to recover to 4 MMT, incl. 160,000 MT from US

SOYBEAN

- Mar 30 - USDA announced export sales of 165,000 MT of US soybeans for delivery to China during 2017/18

- Mar 30 - Argentina registered for export 155,500 MT of soybeans, 53,000 MT of soymeal, 5,000 MT of soybean oil and 13,000 MT of sunflower meal

- Weekly US soybean export sales data for week ended Mar 23 of 996,600 MT, incl. 681,000 MT for 2016/17 (topped trade estimates of 350-550 TMT) and 315,600 MT for 2017/18 (above trade estimates of 100-300 TMT). Export commitments for 2016/17 are running 25% ahead of year-ago

- Today's USDA planting and stocks reports could increase supply pressure by showing a jump in the U.S. soybean planted area and a rise in soybean, corn and wheat inventories

- There are concerns that demand from China may fall after crush margins for imported soybeans in China's Shandong province slid to a negative 166 yuan, the lowest since August

- IGC projects global soybean production would rise by 4 MMT in 2017/18 to a record 345 MMT, with carryover stocks expected to fall 3 MMT from 2016/17 to 35 MMT

- Agroconsult raised its forecast of Brazil's 2016/17 soybean crop to a record 113.3 MMT up from its previous estimate of 111 MMT earlier in March. It projected Brazilian soybean exports in 2017 at 61.4 MMT compared with previous forecast of 61 MMT

- Buenos Aires Grain Exchange kept its Argentina's 2016/17 soybean harvest estimate at 56.5 MMT, up from 56 MMT 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 80.3% completed as of Mar 30 vs. last year’s pace of 86.3%

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 9.471 MMT of soybeans vs. 10.188 MMT a year ago. Top 5 import origins in 2016/17 are the US (43.7%), Brazil (27.8%), Canada (10.3%), Paraguay (7.5%) and Ukraine (4.1%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 12.850 MMT of soymeal vs. 15.439 MMT a year ago. Top 5 import origins in 2016/17 are Argentina (47.4%), Brazil (39%), Paraguay (7.3%), India (1.1%) and China (1%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 203,103 MT of soybean oil vs. 234,062 MT a year ago. Top 5 import origins in 2016/17 are Norway (25.7%), Serbia (25.2%), Ukraine (23.4%), Russia (15.8%) and Paraguay (6.4%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 2.804 MMT of rapeseed vs. 2.696 MMT a year ago. Top import origins in 2016/17 are Australia (48.9%), Ukraine (30.4%) and Canada (18.6%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 161,217 MT of rapeseed meal vs. 360,311 MT a year ago. Top 5 import origins in 2016/17 are Russia (49.5%), Ukraine (30.2%), Canada (6%), China (5%) and Serbia (4.8%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 119,472 MT of rapeseed oil vs. 183,315 MT a year ago. Top 5 import origins in 2016/17 are Ukraine (53.2%), Russia (23.9%), Belarus (11.3%), Serbia (9.6%) and Bosnia and Herzegovina (1.7%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 687,998 MT of sunflowerseed vs. 262,419 MT a year ago. Top 5 import origins in 2016/17 are Moldova (36.2%), Argentina (17.5%), Ukraine (16.4%), Serbia (9.6%) and Russia (8.3%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 2.379 MMT of sunflower meal vs. 2.224 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (69.4%), Russia (15.1%), Argentina (11.6%), Serbia (1.8%) and China (0.6%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 985,259 MT of sunflower oil vs. 910,341 MT a year ago. Top import origins in 2016/17 are Ukraine (90.1%), Moldova (4.7%) and Serbia (3.6%)

- EU this season in period of Jul 1-Mar 28, 2016/17 imported 4.107 MMT of palm oil vs. 5.026 MMT a year ago. Top 5 import origins in 2016/17 are Indonesia (50.8%), Malaysia (24.4%), Papua New Guinea (8.1%), Guatemala (5.9%) and Honduras (5.5%)

- Surveyor Intertek Testing Services estimated Malaysia's March 1-31 palm oil exports at 1,076,240 MT, up 6.8% from a month ago

- Surveyor SGS estimated Malaysia's March 1-31 palm oil exports at 1,088,677 MT, up 6.9% from a month ago