WHEAT

- Apr 26 - South Korea's Major Feedmill Group (MFG) bought 135,000 MT of optional-origin feed wheat:

  • 68,000 MT from Olam at 187.05 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for October 20 arrival;
  • 67,000 MT from Midstar at 186.7 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for November 5 arrival

- Apr 26 - Tunisia's state grains agency bought 75,000 MT of optional-origin soft milling wheat in 3 consignments each of 25 TMT for June 25-August 5 shipment:

  • 25,000 MT of soft milling wheat from Europmarkets at 173.85 $/mt c&f;
  • 25,000 MT of soft milling wheat from Nidera at 186.73 $/mt c&f;
  • 25,000 MT of soft milling wheat from Bunge at 189.58 $/mt c&f

- Russia hopes to reach a compromise with Turkey over grain exports within two weeks

- Russian Ag Min estimated spring planting 13.4% (or 7.06 million ha) done as of Apr 26 vs. 8.62 million ha a year ago. Of the total Russian farmers planted 4.03 million ha of spring grain or 13% of planned area (5.13 mln ha a year ago). Russian farmers have sown 494,900 ha of spring wheat or 3.6% of planned area as of April 26 vs. 623,200 ha a year ago

- Kazakh farmers planted 261,800 ha of spring cereals crops as of April 26 vs. 299,800 ha a year ago

- Bulgaria's Ag Min said Bulgaria exported 1.572 MMT of wheat via port Varna between July 4-Apr 23, 2016/17, up 4.6% from a year-ago (1.502 MMT)

- USDA attaché forecasts Myanmar’s 2017/18 wheat imports at 460,000 MT, up from 2016/17 (450,000 MT). The main suppliers of imported wheat are Australia and Ukraine

CORN

- Apr 26 - Taiwan's MFIG group bought 65,000 MT of Brazilian corn from ADM at a premium of 105.37 USc/bushel c&f over the Chicago September 2017 contract (around 188.8 USD/mt, c&f) for July 1-20 shipment

- Apr 26 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on May 10

- Apr 25 - Turkey's TMO bought 44,000 MT of corn from the EU (3x12 TMT) and Moldova (8 TMT) for April 28-May 10 shipment:

  • 12,000 MT from Hakan Agro at 710 TRY/mt (197.9 $/mt) c&f Bandirma;
  • 12,000 MT from Hakan Agro at 711 TRY/mt (198.2 $/mt) c&f Bandirma;
  • 12,000 MT from CHS at 712 TRY/mt (198.5 $/mt) c&f Bandirma;
  • 8,000 MT of Moldavian corn from Erser at 743 TRY/mt (207.1 $/mt) c&f Derince

- Apr 25 - Argentina registered 78,000 MT of corn for export

- Apr 25 - Argentina registered 29,000 MT of malting barley for export

- Dr. Michael Cordonnier raised his forecast of South America’s 2016/17 corn crop this week by 2 MMT to 133.3 MMT (97.2 MMT in 2015/16) due to increase forecast for Brazil by 2 MMT to 92 MMT (66 MMT in 2015/16)

- South Africa, the continent's biggest maize producer, hard hit by an El Nino-triggered drought last year, is considering a strategic reserve as a buffer against future shortages

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 14.536 MMT from 14.324 MMT last month. It would be 86.9% more than last year (7.779 MMT in 2016) and above average market expectations of 14.175 MMT

- SAGIS estimated South Africa's corn stocks as of March 31 were at 1.571 MMT vs. 1.892 MMT a month ago and 2.598 MMT a year ago

- SAGIS estimated S. Africa's May-Mar 2016/17 corn exports at 937,714 MT vs. 800,332 MT a year ago

- SAGIS estimated S. Africa's May-Mar 2016/17 corn imports at 2.266 MMT vs. 1.652 MMT a year ago

- Ukraine’s Ag Min estimated early spring grain planting 96% done as of Apr 25. Ukrainian farmers planted 2.3 million ha of spring crops, thereof 1.5 million ha of barley (or 93% of planned area), 375,000 ha of peas (well above initial plan), 195,000 ha of oats (or 94%) and 160,000 ha of wheat (or 89%)

- Ukrainian farmers have sown 836,000 ha of corn or 19% of planned area as of April 25

- Russian farmers have sown 1.95 million ha of spring barley or 25.3% of planned area as of April 26 vs. 2.48 million ha a year ago

- Russian farmers have sown 858,400 ha of corn or 28% of planned area as of April 26 vs. 1.08 million ha a year ago

- Bulgarian farmers have sown 273,300 ha of corn as of April 20 vs. 282,531 ha a year ago

- Bulgaria's Ag Min said Bulgaria exported 191,336 MT of corn via port Varna between Sept 1-Apr 23, 2016/17, down 59.1% from a year-ago (467,599 MT)

- Bulgaria's Ag Min said Bulgaria exported only 17,379 MT of barley via port Varna between July 4-Apr 23, 2016/17, down 87.3% from a year-ago (136,642 MT)

- USDA attaché forecasts that Myanmar corn production would rise in 2017/18 to 2.25 MMT from 2.1 MMT in 2016/17. Myanmar’s 2017/18 corn exports are expected to remain flat at 1.2 MMT; the same level as 2016/17 in anticipation of lower demand from China. According to government and trade sources, almost 98% of Myanmar’s corn exports take place along the border between Myanmar and China. The remaining 2% is exported to Singapore, Malaysia, the Philippines, Vietnam and Pakistan

SOYBEAN

- Apr 25 - Argentina registered for export 70,000 MT of soybeans, 495,000 MT of soymeal, 10,000 MT of soybean oil and 7,000 MT of sunflower meal

- Dr. Michael Cordonnier raised his forecast of South America’s 2016/17 soybean crop this week by 1 MMT to 181.1 MMT (165.5 MMT in 2015/16) due to increase forecast for Brazil by 1 MMT to 110 MMT (95.5 MMT in 2015/16)

- CEC raised S. Africa’s 2017 soybean crop forecast to 1.233 MMT from 1.162 MMT last month, up 66.2% from 742,000 MT in 2016

- CEC lowered S. Africa’s 2017 sunflower crop outlook to 853,047 MT from 896,060 MT in March, but it would be up 13% from 755,000 MT in 2016

- Ukrainian farmers have sown 1.8 million ha of sunflower or 33% of planned area as of April 25

- Ukrainian farmers have sown 100,000 ha of soybeans or 5% of planned area as of April 25

- Russian farmers have sown 1.12 million ha of sunflower or 15.6% of planned area as of April 26 vs. 1.3 million ha a year ago

- Russian farmers have sown 67,900 ha of rapeseed or 7.7% of planned area as of April 26 vs. 56,400 ha a year ago

- Russian farmers have sown 58,300 ha of soybeans or 2.6% of planned area as of April 26 vs. 111,300 ha a year ago

- Russia exported about 1.031 MMT of sunflower oil between Sept 1-Apr 16, 2016/17, a 44.2%-increase from a year-ago

- Russia exported about 176,400 MT of sunseed between Sept 1-Apr 16, 2016/17, in 5.4 times up from a year-ago

- Russia exported about 265,400 MT of soybeans between Sept 1-Apr 16, 2016/17, down 25.9% from a year-ago

- Bulgarian farmers have sown 628,732 ha of sunflower as of April 20 vs. 555,409 ha a year ago