WHEAT

- Apr 6 - Japan seeks 120,507 MT of food wheat for May-July shipments:

  • 10,585 MT of western white US wheat;
  • 20,115 MT of hard red winter US wheat;
  • 34,836 MT of dark northern spring US wheat;
  • 29,511 MT of Canadian western red spring wheat;
  • 25,460 MT of Australian standard white wheat

- Apr 3 - South Korea's Nonghyup Feed Inc (NOFI) bought 65,000 MT of feed wheat, likely from Black Sea region, from Cargill at 187.55 $/mt c&f + 1.5 $/mt surcharge for additional port unloading for July 26-August 20 shipment with September 20 arrival

- Iraq cancelled tender for 50,000 MT of wheat as lack of offers due to deferred payment terms

- US wheat export inspections for week, ending Mar 30, recorded 559,646 MT, in line with market expectations (400-600 TMT). Inspections for 2016/17 are running 29.8% ahead of year-ago

- USDA estimated 51% of the US winter wheat crop in good to excellent shape as of April 2 compared to 58% at the end of November 2016 and 59% a year-ago

- Russia’s Ag Min slashes its 2016/17 grain export estimate from 37 MMT to 33.9 MMT, on par with last season. Of that 25-30 MMT will be wheat. Strengthening in rouble making Russian grain exports less competitive

- Stocks of wheat at Argentine grain storage and processing companies decreased to 7.089 MMT at the end of February 2017, slightly down from a year-ago (7.311 MMT in Feb 2016)

CORN

- Apr 3 - Argentina registered 13,000 MT of corn for export

- US corn export inspections for week, ending Mar 30, reported 1,475,257 MT, topped market forecasts (1.2-1.4 MMT). Inspections for 2016/17 are running 69.6% ahead of year-ago

- Brazil’s Trade Ministry reported March corn exports at 243,004 MT, down from 487,377 MT in February and well below than 2.024 MMT in the year-ago month

- Brazil’s Trade Ministry reported March ethanol exports at 53.9 million litres, down from 60.3 mln litres in February and down from 207.1 mln litres last March

- Stocks of corn at Argentine grain storage and processing companies totalled 2.055 MMT at the end of February 2017, down by 29.3% from a year-ago

- Stocks of barley at Argentine grain storage and processing companies decreased to 1.569 MMT at the end of February 2017, up by 1.8% from a year-ago

- US corn consumed for alcohol and other uses was 473 million bushels in February 2017, down 11% from January 2017 but up 1% from February 2016

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 1.89 million tons during January 2017, down 9% from January 2017 but up 5% from February 2016

- US wet mill corn gluten feed production was 269 thousand tons during January 2017, down 22% from January 2017 and down 14% from February 2016

- USDA estimated US sorghum planting 15% complete as of April 2, compared to 13% last year and a 12% five-year average

SOYBEAN

- Apr 3 - Argentina registered for export 60,000 MT of soybeans and 247,000 MT of soymeal

- Apr 3 - Argentina registered for export 19,200 MT of sunflower oil

- US soybean export inspections for week, ending Mar 30, reported 620,725 MT, within market expectations that ranged from 450 to 650 TMT. Inspections for the 2016/17 marketing year are running 12.3% ahead of year-ago

- USDA estimated US February soybean crush for crude oil at 4.53 million short tons, below the average market expectation (4.558 mln tons, or 151.91 mln bu) and down from 4.639 mln tons a year ago. Crude soyoil stocks rose to 1.798 billion lbs as of February 28 from 1.73 in January, but below the 1.88 bln lbs a year ago, while refined oil stocks were at 408,338 million lbs as of Feb 28 vs. 382,251 in Jan and 399,967 in Feb 2016. February US soy cake and meal stocks decreased to 362,627 tons from 387,186 in January and vs. 330,057 tons a year-ago

- Grain export association Anec estimated that Brazilian soybean exports totalled 9.7 MMT in March, the highest on record for the month

- Brazil’s Trade Ministry reported March soybean exports at 8.979 MMT, up from 3.509 MT in February and above than 8.375 MMT a year ago. Also Brazil exported 1.158 MMT of soymeal in March versus 711,084 MT the month before and 1.497 MMT a year ago; and 101,637 MT of soyoil compared to 75,565 MT in February and 109,653 MT a year ago

- Stocks of soybeans at Argentine grain storage and processing companies are estimated at 2.88 MMT at the end of February 2017, up by 83.3% from a year-ago

- Stocks of sunseed at Argentine grain storage and processing companies are estimated at 812 TMT at the end of February 2017, down by 8.1% from a year-ago