WHEAT

- May 16 - Jordan seeks 100,000 MT of optional-origin hard milling wheat for Oct-Nov shipment

- May 11 - Japan seeks 138,188 MT of food wheat for June-August shipments:

  • 19,507 MT of western white US wheat;
  • 25,490 MT of hard red winter US wheat;
  • 31,360 MT of dark northern spring US wheat;
  • 30,271 MT of Canadian western red spring wheat;
  • 31,560 MT of Australian standard white wheat

- May 10 - Algeria's OAIC seeks at least 50,000 MT of optional-origin soft milling wheat for July shipment

- Mexican companies could buy 30,000-50,000 MT of Argentine wheat this week, as they test alternatives to US grain supplies

- May 9 - Taiwan Flour Millers' Association bought 95,750 MT of US milling wheat in two consignments:

  • The first consignment was bought from Bunge and has an additional charge of 25.38 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between June 26-July 10:
    • 25,300 MT of dark northern spring wheat (14.5% protein) at 260.15 $/mt fob;
    • 14,950 MT of hard red winter wheat (12.5% protein) at 223.40 $/mt fob;
    • 7,550 MT of soft white wheat (10.5% protein) at 183.81 $/mt fob.
  • The second consignment was bought from CHS and has an additional charge of 28.27 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between July 13-27:
    • 27,400 MT of dark northern spring wheat (14.5% protein) at 261.46 $/mt fob;
    • 14,500 MT of hard red winter (12.5% protein) at 233.00 $/mt fob;
    • 6,050 MT of soft white wheat (9% protein) at 187.89 $/mt fob

- UN recently bought 50,000 MT of Black Sea wheat, likely from Ukraine, for donation to eastern Africa for May-June shipment

- May 9 - Argentina registered for export 43,218 MT of wheat and 9,244 MT of wheat flour

- May 7 - The lowest offer in Iraq’s tender for 50,000 MT of hard wheat came in at 267.17 $/mt c&f free out from Ameropa for US wheat. The lowest offer for Canadian wheat in the tender was from Richardsons at 267.92 $/mt c&f free out. The lowest offer for Australian wheat was from Ameropa at 271.17 $/mt c&f free out. The tender closed on May 7 and offers must remain valid up to May 11

- Iraq's cabinet has authorised the ministry of trade to make direct purchases of wheat and rice to guarantee food security

- May 9 - China sold 341,838 MT of wheat from state reserves or 12.5% of the offered amount (2,733,581 MT) at auction at average price of 2,508 RMB/mt (363 $/mt)

- May 9 - China auctioned 714 MT of imported 2013 wheat from state reserves, or 0.8% of the offered amount (89,946 MT), at average price of 2,500 RMB/mt (362 $/mt)

- CNGOIC forecasts 2017/18 Chinese wheat production at 129,2 MMT, up 0.3% on year

- US wheat export inspections for week, ending May 4, recorded 615,029 MT, topped market expectations (350-600 TMT). Inspections for 2016/17 are running 32.3% ahead of year-ago

- USDA estimated 53% of the US winter wheat crop good to excellent as of May 7 compared to 54% a week ago and 62% a year-ago, ahead of analysts' expectations of 51% (range 46-53%)

- USDA estimated US spring wheat planting at 54% complete as of May 7, ahead of an average of trade estimates for 45%, but well below than 74% last year and 60% five-year average

- India is likely to produce a record 97.44 MMT of wheat in 2016/17, higher than a previous forecast of 96.64 MMT

- Egypt aims to raise its silo storage capacity for wheat to 3.13 MMT in 2017/18 from 1.528 MMT in 2015/16. Egypt has procured just over 1 MMT of wheat from farmers since the start of its local harvest in mid-April vs. about 1.3 MT during the same period last year

- FranceAgriMer lowered its forecast for French soft wheat stocks at the end of the 2016/17 to 2.41 MMT from 2.604 MMT projected last month (3.346 MMT in 2015/16). Projected exports outside the EU were upped from 5 to 5.2 MMT, down 58.8% from 12.623 MMT in 2015/16, forecast shipments within the EU were also lifted from 5.735 to 5.765 MMT, down 26.1% from 7.803 MMT in 2015/16

- France's farm ministry lifted its estimate of the soft wheat sowing area for this year's harvest to 5.179 million hectares from 5.173 mln ha previously, virtually unchanged from 5.176 million in 2016 and 2.8% above the average of the past five years

- Ukraine's Ag Min said Ukraine exported almost 38 MMT of grain between July 1-May 10, 2016/17, up 11.1% from 34.17 MMT for the same period last season, including:

  • wheat – 15.93 MMT (vs. 14.26 MMT a year ago);
  • corn – 16.69 MMT (15.49 MMT);
  • barley – 5.14 MMT (4.22 MMT)

- Russia’s Ag Min said Russia exported about 30.908 MMT of grain between July 1-May 3, 2016/17, up by 0.6% from 30.723 MMT a year ago, including:

  • wheat – 23.881 MMT (22.267 MMT a year ago);
  • barley – 2.552 MMT (4.099 MMT);
  • corn – 4.258 MMT (4.077 MMT);
  • others – 217 TMT (280 TMT)

- Russia has 4,000,100 MT of grain in its federal intervention fund as of May 4 vs. 3,244,000 MT a year-ago

- Russian Grain Union estimates Russia’s 2016/17 grain exports at 36 MMT, incl. 26-27 MMT of wheat

- May 21 - Bangladesh tenders to import 50,000 MT of rice. Bangladesh's state grains buyer plans to import a total of 600,000 MT of rice to replenish reserves

- May 19 - Mauritius seeks up to 6,000 MT of optional-origin long grain white rice for delivery between June 15 to September 30 in shipping containers

- May 15 - South Korea’s Agro-Fisheries & Food Trade Corp. seeks around 65,000 MT of rice for arrival between June to September 2017 and between February to March 2018

CORN

- May 17 - Jordan seeks 100,000 MT of optional-origin feed barley for Oct-Nov shipment

- May 10 - Algeria's OAIC seeks at least 50,000 MT of optional-origin feed barley for July shipment

- May 10 - 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 17

- May 9 - Argentina registered 71,905 MT of corn for export

- May 9 - Argentina registered 31,500 MT of sorghum for export

- May 5 - Argentina registered 36,000 MT of corn for export

- US corn export inspections for week, ending May 4, reported 720,586 MT, below market forecasts (0.9-1.2 MMT). Inspections for 2016/17 are running 54.7% ahead of year-ago

- USDA said the US corn crop was 47% planted as of May 7, exceeding an average of trade estimates for 44%, but behind a 61% last year and five-year average of 52%

- USDA estimated US sorghum planting 30% complete as of May 7, compared to 29% last year and a 30% five-year average

- AgRural raised its forecast of Brazil’s 2016/17 total corn crop to 94.4 MMT (incl. 30.8 MMT for the summer crop and 63.6 MMT for the second season crop) from 91.6 (30.2 and 61.4) MMT previously

- CNGOIC forecasts 2017/18 Chinese corn production at 211.5 MMT, down 3.7% on year (219.554 MMT in 2016/17)

- National Bureau of Statistics (NBS) forecasts 2017/18 Chinese corn production at 213.19 MMT, down 2.9% on year

- FranceAgriMer raised its forecast for French corn stocks at the end of the 2016/17 to 2.156 MMT from 1.968 MMT in March, but down vs. 2.485 MMT in 2015/16. France's 2016/17 corn exports are forecasted at 4.845 MMT (4.94 MMT – previous forecast) vs. 6.337 MMT a year ago

- FranceAgriMer cut its forecast of France's 2016/17 barley ending stocks to 993,000 MT from 1.047 MMT in April and against 1.291 MMT in 2015/16. France's 2016/17 barley exports (without malt) is expected at 5.187 MMT (5.115 MMT – previous forecast) down 32.5% from 7.684 MMT a year ago

- France's farm ministry estimates the area sown with maize (for grain) will fall another 2.3% this year to 1.388 million hectares, down 14.5% on the five-year average

- France's farm ministry lifted its estimate of the barley sowing area for this year's harvest to 1.913 million hectares from 1.912 mln ha previously, up 0.7% from 2016 and 8.4% above five-year average

- Ukraine’s Ag Min estimated early spring grain planting 98% done as of May 10 (100% o as of May 11, 2016). Ukrainian farmers planted 2.3 million ha of spring crops, thereof 1.56 million ha of barley (or 95% of planned area) vs. 1.8 mln ha a year ago, 379,000 ha of peas (well above initial plan and vs. 226,000 ha a year ago), 197,000 ha of oats (or 95%) and 168,000 ha of wheat (or 95%)

- Ukrainian farmers have sown 3.5 million ha of corn or 78% of planned area as of May 10 vs. 3.9 million ha a year ago

SOYBEAN

- May 9 - Argentina registered for export 40,550 MT of soybean oil, 11,480 MT of soymeal and 7,943 MT of sunflower meal

- Pakistan recently bought about 60,000 MT of US soybeans at a premium of about 56 $c/bu c&f over the Chicago November soybean contract for Oct-Nov shipment

- Pakistan recently bought about 60,000 MT of Australian canola for May-June shipment

- May 5 - USDA announced export sales of 132,000 MT of US soybeans for delivery to unknown destinations during 2016/17

- May 5 - Argentina registered for export 64,150 MT of soymeal and 22,300 MT of soybean oil

- US soybean export inspections for week, ending May 4, reported 349,385 MT, below market expectations that ranged from 375 to 600 TMT. Inspections for the 2016/17 marketing year are running 15.6% ahead of year-ago

- USDA said US soybean planting was 14% complete as of May 7, behind of market forecasts (16% avg., 10-20% range) and lagging compared to the 21% last-year score and five-year average score (17%)

- Dr. Michael Cordonnier raised his estimate of Brazil’s 2016/17 soybean crop this week by 1 MMT to to 111 MMT (95.5 MMT in 2015/16)

- Safras & Mercado says Brazilian farmers sold only half of the record 2016/17 crop by May 5 versus 67% last year and vs. 5-year average pace of 65%

- CNGOIC forecasts 2017/18 Chinese soybean harvest at 14.3 MMT, up 9.2% on year (13.1 MMT in 2016/17)

- National Bureau of Statistics (NBS) forecasts 2017/18 Chinese soybean production at 14.1 MMT, up 12.2% on year (12.57 MMT in 2016/17). Soybean imports are expected at 93.16 MMT in 2017/18, up 4.1% from 89.45 MMT in 2016/17

- CNGOIC forecasts that 2017/18 Chinese rapeseed production would fall to 13.74 MMT, down 1.9% on year (14 MMT in 2016/17)

- China imported 8.02 MMT of soybeans in April, the highest ever for this month. Shipments were up from 6.33 MMT in March and up 13.4% from April 2016. China bought 27.54 MMT of soybeans in the first four months of 2017, up 18% from the same period last year

- China's imports of all vegetable oils in April was 560,000 MT, up 24.4% from 450,000 MT in March. China's Jan-Apr vegetable oil imports rose 6.4% on year to 1.97 MMT

- India's oilmeal exports rose 19% from a year ago to 135,474 MT in April (113,978 MT in Apr 2016)

- India exported 124,374 MT of soybean meal in April, sharply above than 12,295 MT in the same month last year

- India exported 6,842 MT of rapeseed meal in April, down from 14,163 MT in the same month last year

- France's farm ministry estimated the total rapeseed area at 1.439 mln ha, down 7.2% from 2016 and 5.4% below the average of the past five years

- France's farm ministry estimates the area sown with sunseed will fall another 0.4% this year to 548,000 hectares, down 16.4% on the five-year average

- France's farm ministry estimates the area sown with soybean will rise another 4.4% this year to 142,000 hectares, up 71.5% on the five-year average

- Ukrainian farmers have sown 4.2 million ha of sunflower or 78% of planned area as of May 10 vs. 4.3 million ha a year ago

- Ukrainian farmers have sown 1.1 million ha of soybeans or 56% of planned area as of May 10 vs. 1.4 million ha a year ago

- GAPKI estimated Indonesia's March exports of palm oil and palm kernel oil at 2.47 MMT, down 2% from the previous month (2.53 MMT in Feb) but up 42% compared to March 2016