WHEAT

- Apr 10 - Iraq seeks at least 50,000 MT of wheat from either the US, Canada or Australia

- Apr 6 - Jordan bought 50,000 MT of optional-origin hard milling wheat from Casillo at 200 $/mt c&f for Nov 1-15 shipment

- Apr 6 - Japan bought 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

- Turkish flour mills have covered their short-term needs by purchasing 400,000-500,000 MT of wheat (200-300 TMT from EU Baltic states including Lithuania and Latvia, 50 TMT from Hungary, and approximately 100-150 TMT from Ukraine and/or other Black Sea suppliers), replacing Russian supplies blocked by a change to import rules since March 15

- Ukraine's Ag Min said Ukraine exported 34.13 MMT of grain between July 1-Apr 5, 2016/17, up 9.1% from 31.27 MMT for the same period last season, including:

  • wheat – 14.69 MMT (vs. 13.11 MMT a year ago);
  • corn – 14.34 MMT (13.91 MMT);
  • barley – 4.897 MMT (4.063 MMT)

- FAO lowered its forecast of global wheat production in 2017 to 739.9 MMT from 744.5 MMT projected in March, indicating a 2.7% (20.3 MMT) decline from the 2016 record level but still 3% above the last five-year average. The year-on-year decline would mostly reflect smaller projected outputs in Australia, Canada and the United States, due mainly to price-induced planting cuts. While smaller harvests are also anticipated in Kazakhstan, Russia and Ukraine, a strong rebound in production is projected for the EU and Morocco

- Weekly US wheat export sales data for week ended Mar 30 totalled 655,400 MT, incl. 568,400 MT for 2016/17 (topped trade expectations for 250-450 TMT) and 87,000 MT for 2017/18 (within trade expectations for 50-250 TMT). Export commitments for 2016/17 are running 40% ahead of year-ago

- Informa Economics projected US 2017 winter wheat production at 1.285 billion bushels/34.97 MMT vs. 45.49 MMT harvested in 2016 (according to USDA)

- EU in week ended March 31 awarded licenses to import 3,525 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded 86% (828,706 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-Apr 4, 2016/17 exported 18.316 MMT of soft wheat compared to 22.286 MMT a year ago. Top 5 export destinations in 2016/17 are Algeria (18.1%), Saudi Arabia (13.8%), Vietnam (8%), Egypt (5.7%) and Morocco (4.8%)

- USDA attaché forecasts Saudi Arabia’s wheat imports in 2017/18 at 3.7 MMT, up 200,000 MT or 6% compared to the 2016/17 estimate

- Syria is expected to produce 2.17 MMT of local wheat in 2017 (1.3 MMT in 2016)

- Apr 16 - Iraq seeks at least 30,000 MT of rice; offers must remain valid up to April 20

- Apr 18 - Iran's GTC seeks at least 65,000 MT of rice from Thailand and India for May shipment

CORN

- Apr 5 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley for May-June shipment and re-tender on April 12

- Kuwaiti buyer recently bought about 45,000 MT of feed barley from either Australia or Argentina at around 195 $/mt c&f for May shipment

- Apr 5 - Argentina registered 114,500 MT of corn for export

- Apr 5 - Argentina registered 19,000 MT of feed barley for export

- Apr 7 - China plans corn auction from its state reserves on Friday

- Weekly US corn export sales data for week ended Mar 30 of 1,172,700 MT, incl. 1,138,100 MT for 2016/17 (topped the trade expectations for 700-1000 TMT) and 34,600 MT for 2017/18 (below trade estimates of 100-300 TMT). Export commitments for 2016/17 are running 49% ahead of year-ago

- EU in week ended Mar 31 awarded licenses to import 60,000 MT of corn under an annual duty-free quota open to all countries

- EU in week ended Mar 31 awarded licenses to import 4,000 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 21.05% (56,837 MT) out of a total volume of 270,000 MT available in 2017

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 8.344 MMT of corn (maize) vs. 10.958 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (58.5%), Brazil (10.2%), Russia (9.4%), Canada (7.2%) and the US (6%)

- EU this season in period of Jul 1-Apr 4, 2016/17 exported 1.765 MMT of corn vs. 1.402 MMT a year ago. Top 5 export destinations in 2016/17 are Egypt (25%), Lebanon (11.2%), Libya (8.4%), Vietnam (8.3%) and Syria (6.7%)

- EU this season in period of Jul 1-Apr 4, 2016/17 exported 4.007 MMT of barley vs. 8.664 MMT a year ago. Top 5 export destinations in 2016/17 are Saudi Arabia (40.6%), Tunisia (8.7%), China (8.2%), Jordan (7.2%) and Algeria (6.7%)

- EU this season in period of Jul 1-Apr 4, 2016/17 exported 2.213 MMT of malt in barley equivalent vs. 2.529 MMT a year ago. Top 5 export destinations in 2016/17 are Japan (10.8%), Vietnam (9.8%), Nigeria (5.6%), Brazil (4.4%) and South Africa (3.6%)

- FAO expects a higher global maize output in 2017/18 at 1,051 MMT, 1.2% (12.8 MMT) above last year's record. The increase would mostly stem from a surge in production in Brazil as well as Argentina, coupled with a significant rebound in South Africa's production from the drought-reduced level of 2016. However, a large proportion of this increase is expected to be negated by a downturn in the United Sates, where maize production is expected to fall sharply from the record high of 2016

- USDA attaché forecasts Saudi Arabia’s barley imports in 2017/18 at 7.6 MMT, down 400,000 MT or 5% compared to the 2016/17 estimate of 8 MMT (11 MMT is USDA's official estimate for 2016/17)

- USDA attaché forecasts Saudi Arabia’s corn imports in 2017/18 at 4.3 MMT, up 400,000 MT or 10.3% compared to the 2016/17 estimate of 3.9 MMT (3.7 MMT is USDA's official estimate for 2016/17)

- US Ethanol production for the week ended Mar 31 fell by 35,000 barrels to 1,019,000 barrels per day, up 4.4% from last year's level of 976,000 bpd. Meanwhile stocks rose by 448,000 barrels from the week prior to a record 23.705 million barrels, up 6.7% vs. 22.214 million barrels a year ago

SOYBEAN

- Apr 5 - Argentina registered for export 1.235 MMT of soymeal, 10,000 MT of soybeans and 15,112 MT of soybean oil

- Rainy weather in Argentina slowed the harvesting of crops

- Weekly US soybean export sales data for week ended Mar 30 of 877,000 MT, incl. 482,000 MT for 2016/17 (within trade estimates of 350-550 TMT) and 395,000 MT for 2017/18 (above trade estimates of 150-350 TMT). Export commitments for 2016/17 are running 24% ahead of year-ago

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 9.662 MMT of soybeans vs. 10.507 MMT a year ago. Top 5 import origins in 2016/17 are the US (42.8%), Brazil (28.6%), Canada (10.1%), Paraguay (7.6%) and Ukraine (4.2%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 13.217 MMT of soymeal vs. 15.732 MMT a year ago. Top 5 import origins in 2016/17 are Argentina (47.6%), Brazil (38.7%), Paraguay (7.1%), India (1.3%) and the US (1%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 214,726 MT of soybean oil vs. 242,074 MT a year ago. Top 5 import origins in 2016/17 are Serbia (24.7%), Norway (24.4%), Ukraine (22.8%), Russia (14.9%) and Paraguay (9.8%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 3.001 MMT of rapeseed vs. 2.763 MMT a year ago. Top import origins in 2016/17 are Australia (51%), Ukraine (28.4%) and Canada (18.5%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 161,775 MT of rapeseed meal vs. 367,040 MT a year ago. Top 5 import origins in 2016/17 are Russia (49.4%), Ukraine (30.4%), Canada (6%), China (5%) and Serbia (4.8%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 121,901 MT of rapeseed oil vs. 184,051 MT a year ago. Top 5 import origins in 2016/17 are Ukraine (52.6%), Russia (24.8%), Belarus (11.1%), Serbia (9.5%) and Bosnia and Herzegovina (1.6%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 699,699 MT of sunflowerseed vs. 272,431 MT a year ago. Top 5 import origins in 2016/17 are Moldova (36.7%), Argentina (17.3%), Ukraine (16.2%), Serbia (9.5%) and Russia (8.1%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 2.469 MMT of sunflower meal vs. 2.287 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (70%), Russia (14.9%), Argentina (11.2%), Serbia (1.8%) and China (0.6%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 1.044 MMT of sunflower oil vs. 944,876 MT a year ago. Top import origins in 2016/17 are Ukraine (89.9%), Moldova (5%) and Serbia (3.5%)

- EU this season in period of Jul 1-Apr 4, 2016/17 imported 4.242 MMT of palm oil vs. 5.186 MMT a year ago. Top 5 import origins in 2016/17 are Indonesia (50.3%), Malaysia (24%), Papua New Guinea (8.3%), Guatemala (6.2%) and Honduras (5.7%)

- Bulgaria's Ag Min said Bulgaria exported 125,119 MT of sunflower via port Varna between Sept 1-Apr 2, 2016/17, down 19% from a year-ago (154,517 MT)

- Bulgarian farmers have sown 110,248 ha of sunflower as of March 30 vs. 32,244 ha a year ago

- GAPKI estimated Indonesia's February exports of palm oil and palm kernel oil at 2.53 MMT, down 7% from the previous month (2.72 MMT in Jan) but up 10.5% from a year-ago

- USDA attaché forecasts Thailand’s 2017/18 soybean imports to recover to 2.7 MMT from 2.6 MMT in 2016/17, while soymeal imports are expected to rise to 3.1 MMT from 3 MMT in 2016/17