WHEAT

- Libya has again delayed the offer deadline in an international tender to purchase 100,000 MT of milling wheat and 50,000 MT of durum wheat this time until May 9. The tenders were originally issued in February but have been repeatedly postponed. Shipment of the grains was originally sought in April and May

- Apr 3 - Morocco's ONICL bought 132,000 MT of soft wheat in the local market for subsidized flour production

- US wheat export inspections for week, ending Apr 6, recorded 641,365 MT, topped market expectations (400-600 TMT). Inspections for 2016/17 are running 31% ahead of year-ago

- Russia’s Ag Min said Russia exported about 28.703 MMT of grain between July 1-Apr 5, 2016/17, down by 0.1% from 28.745 MMT a year ago, including:

  • wheat – 22.186 MMT (21.026 MMT a year ago);
  • barley – 2.322 MMT (3.919 MMT);
  • corn – 3.992 MMT (3.552 MMT);
  • others – 203 TMT (248 TMT)

- Russia has 4,003,500 MT of grain in its federal intervention fund as of April 6 vs. 3,161,500 MT a year-ago

- France's farm ministry put the soft wheat sowing area for this year's harvest at 5.173 million hectares, virtually unchanged from 5.176 million in 2016 and nearly 3% above the average of the past five years

- USDA attaché forecasts South Korea’s 2017/18 wheat imports to rise 0.9% on year to 4.6 MMTT, of which 2.6 MMT are expected to be used for milling (including flour and pasta imports on a wheat equivalent basis) and 2.0 MMT are expected to be used for feed

- USDA attaché forecasts wheat production in China at 131.0 MMT in 2017/18, up from 128.85 MMT in 2016/17. Chinese import of wheat in 2017/18 is expected at 3.0 MMT, incl. 1 MMT from the US, down 25% from year-ago of 4 MMT, incl. 500 TMT from the US

- USDA attaché forecasts Tanzania’s wheat imports in 2017/18 at 1 MMT, up 100,000 MT or 11% compared to the 2016/17

- The Philippines' state grains buyer said it needed to buy 490,800 MT of rice to boost its stockpiles

CORN

- Libya has again delayed the offer deadline in an international tender to purchase 75,000 MT of yellow corn, now to May 9

- Libya has again delayed the offer deadline in an international tender to purchase 75,000 MT of feed barley, now to May 9

- Apr 7 - Argentina registered 25,000 MT of malting barley for export

- US corn export inspections for week, ending Apr 6, reported 1,170,380 MT, below market forecasts (1.3-1.6 MMT). Inspections for 2016/17 are running 66.2% ahead of year-ago

- AgRural raised its forecast of Brazil’s 2016/17 total corn crop to 91.6 MMT (incl. 30.2 MMT for the summer crop and 61.4 MMT for the second season crop) from 90.8 MMT (29.3 and 61.4 MMT) previously

- France's farm ministry projected slightly higher barley sowings this year, pegging the total area at 1.912 mln ha, up 0.6% from 2016 and about 8% above five-year average

- USDA attaché expects South Korea’s 2017/18 corn imports to rise to 10.2 MMT (consisting of 8 MMT of feed corn for compound feed, and 2.2 MMT of processing corn for food processing) versus 9.8 MMT in 2016/17

- USDA attaché forecasts corn production in China at 217 MMT in 2017/18, down from 219.554 MMT in 2016/17. Chinese import of corn in 2017/18 is expected at 1.0 MMT, incl. 50 TMT from the US, down from the 2016/17 of 1.5 MMT, incl. 200 TMT from the US

- USDA attaché forecasts sorghum production in China at 3.85 MMT in 2017/18, slightly up from 3.8 MMT in 2016/17. Chinese import of sorghum in 2017/18 is expected at 3.8 MMT, incl. 2.85 MMT from the US, down from current season’s level of 4.3 MMT, incl. 3.5 MMT from the US

- USDA attaché forecasts barley production in China at 2.1 MMT in 2017/18, up from 2 MMT in 2016/17. Chinese import of barley in 2017/18 is expected at 4.1 MMT, down from the 2016/17 of 4.6 MMT

- USDA attaché forecasts corn production in Tanzania at 5 MMT in 2017/18, down from 5.5 MMT in 2016/17. Tanzania is expected to export 200,000 MT of corn in 2017/18, down from the 2016/17 of 400,000 MT

SOYBEAN

- Libya has again delayed the offer deadline in an international tender to purchase 25,000 MT of soymeal, now to May 9

- Apr 7 - Argentina registered for export 64,336 MT of soymeal and 12,200 MT of soybean oil

- US soybean export inspections for week, ending Apr 6, reported 832,957 MT, above market expectations that ranged from 450 to 650 TMT. Inspections for the 2016/17 marketing year are running 13.3% ahead of year-ago

- AgRural raised its forecast of Brazil’s 2016/17 soybean crop to 111.6 MMT from 107 MMT last month. It estimates 82% of Brazilian soybean crop has been harvested as of Apr 6 (74% a week ago) vs. the 5-year average of 78%

- USDA attaché forecasts Egypt's 2017/18 soybean imports at a record 3.1 MMT, up from 2.2 MMT in 2016/17, reflecting additional crush capacity

- MPOB estimated Malaysian crude palm oil production in March at 1.464 MMT, above average expectation of 1.39 MMT and up 16.3% from 1.259 MMT in February with end-stocks at 1.554 MMT up 6.5% on month and above the average market expectation of 1.46 MMT. Malaysian March palm oil exports rose to 1.266 MMT, up 14.3% on month and above the average expectation of 1.185 MMT

- Surveyor Intertek Testing Services estimated Malaysia's April 1-10 palm oil exports at 307,249 MT up 20.9% from a month ago

- Surveyor SGS estimated Malaysia's April 1-10 palm oil exports at 312,489 MT up 24.8% from a month ago

- France's farm ministry estimated the total rapeseed area this year at 1.435 mln ha, down 7.4% from 2016

- India's oilmeal exports rose 42% from a year ago to 150,773 MT in March (106,122 MT in Mar 2016). Indian export of oilmeals during April-Mar 2016/17 rose 22% to 1.866 MMT compared to 1.529 MMT during the same period of last year

- India exported 107,059 MT of soybean meal in March, down from 207,977 MT a month ago but sharply above than 26,658 MT in the same month last year. Indian Apr-Mar 2016/17 soymeal exports are estimated at 916,306 MT vs. 387,298 MT during the same period of last season