WHEAT

- May 25 - Japan seeks 117,800 MT of food wheat for June-July shipments:

  • 23,260 MT of western white US wheat;
  • 21,250 MT of hard red winter US wheat;
  • 35,420 MT of dark northern spring US wheat;
  • 37,870 MT of Australian standard white wheat

- May 23 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin hard milling wheat for Oct-Nov shipment and may re-tender on May 30

- May 23 - China sold 213,007 MT of wheat from state reserves or 6.9% of the offered amount (3,085,773 MT) at auction at average price of 2,492 RMB/mt (362 $/mt)

- May 23 - China auctioned 3,222 MT of imported wheat from state reserves, or 2.2% of the offered amount (149,434 MT) at average price of 2,516 RMB/mt (365 $/mt)

- China's April wheat imports up 99.4% on year to 603,012 MT (main suppliers: Australia (320,606 MT) and US (227,213 MT)). China's Jan-Apr wheat imports rose 94.8% on year to 1.672 MMT

- May 22 - South Korea's Feed Leaders' Committee (FLC) rejected all offers and made no purchase in a tender for about 63,000 MT of feed wheat for Oct 30 arrival. The lowest offer was 189.75 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading

- May 22 - Argentina registered 40,590 MT of wheat for export

- May 19 - Argentina registered 33,200 MT of wheat for export

- US wheat export inspections for week, ending May 18, recorded 674,559 MT, within market expectations (425-700 TMT). Inspections for 2016/17 are running 35% ahead of year-ago

- USDA estimated 52% of the US winter wheat crop good to excellent as of May 21 compared to 51% a week ago and 62% a year-ago, ahead of analysts' expectations of 50% (range 50-51%)

- USDA estimated US spring wheat planting at 90% complete as of May 21, matching market expectations and ahead of 84% five-year average, but below than 94% last year

- Russian Ag Min estimated spring planting 70.5% (or 37.12 million ha) done as of May 22 vs. 38.41 million ha a year ago. Of the total Russian farmers planted 22.4 million ha of spring grain or 72.2% of planned area (23.56 mln ha a year ago). Russian farmers have sown 8.5 million ha of spring wheat or 62.7% of planned area as of May 22 vs. 9.7 million ha a year ago

- Russia’s Ag Min said Russia exported about 32.23 MMT of grain between July 1-May 17, 2016/17, up by 1.2% from 31.861 MMT a year ago, including:

  • wheat – 24.873 MMT (23.029 MMT a year ago);
  • barley – 2.666 MMT (4.176 MMT);
  • corn – 4.459 MMT (4.357 MMT);
  • others – 232 TMT (299 TMT)

- Russia has 3,999,700 MT of grain in its federal intervention fund as of May 19 vs. 3,256,500 MT a year-ago

- Russian grain stocks were at 23.718 MMT as of May 1, 2017, up 24% from a year earlier (19.122 MMT as of May 1, 2016). The data does not include grain stored at small farms

- Kazakh farmers planted 6.643 million ha of spring cereals crops as of May 23 vs. 6.405 million ha a year ago

- MARS cut its yield forecast for this year's EU soft wheat to 5.91 mt/ha from 6.05 mt/ha prior month, up 6.2% from last year and 1.2% above the five-year mean

- Japan's April grain imports fell 1.7% on year to 2.0 MMT, incl. 1.513 MMT from the US (+42.9%)

- Philippines, one of the world's top rice buyers, will issue a tender to import 250,000 MT of the grain next month, to boost low stockpiles before the lean harvest season and to offset potential crop damage during the typhoon season

CORN

- May 19 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 1,500,000 MT of feed barley of Australia, North and South America, EU and Black Sea origin at an average price of 176.47 $/mt c&f in 25 consignments for July-August 2017 shipment to the Red Sea ports (1.08 MMT) and the Gulf ports (420 TMT):

  • Red Sea Ports:
    • 60,000 MT from Holbud Limited at 177.85 $/mt c&f (July 1-15);
    • 60,000 MT from Holbud Limited at 178.29 $/mt c&f (July 1-15);
    • 60,000 MT from Holbud Limited at 179.47 $/mt c&f (July 1-15);
    • 60,000 MT from Holbud Limited at 180.83 $/mt c&f (July 1-15);
    • 60,000 MT from Cargill at 178.85 $/mt c&f (July 1-15);
    • 60,000 MT from Holbud Limited at 176.69 $/mt c&f (July 15-30);
    • 60,000 MT from Cargill at 176.16 $/mt c&f (July 15-30);
    • 60,000 MT from Concordia at 174.16 $/mt c&f (July 15-30);
    • 60,000 MT from Olam at 173.43 $/mt c&f (July 15-30);
    • 60,000 MT from Holbud Limited at 174.39 $/mt c&f (August 1-15);
    • 60,000 MT from LLC Trade House at 172.90 $/mt c&f (August 1-15);
    • 60,000 MT from Nibulon at 171.00 $/mt c&f (August 1-15);
    • 60,000 MT from Cargill at 173.47 $/mt c&f (August 1-15);
    • 60,000 MT from Louis Dreyfus at 174 $/mt c&f (August 1-15);
    • 60,000 MT from Holbud Limited at 173.63 $/mt c&f (August 15-30);
    • 60,000 MT from LLC Trade House at 172.80 $/mt c&f (August 15-30);
    • 60,000 MT from Nibulon at 168 $/mt c&f (August 15-30);
    • 60,000 MT from Louis Dreyfus at 170.00 $/mt c&f (August 15-30);
  • Gulf Ports:
    • 60,000 MT from Holbud Limited at 183.68 $/mt c&f (July 1-15);
    • 60,000 MT from Holbud Limited at 184.47 $/mt c&f (July 1-15);
    • 60,000 MT from Holbud Limited at 180.68 $/mt c&f (July 15-30);
    • 60,000 MT from Holbud Limited at 180.94 $/mt c&f (July 15-30);
    • 60,000 MT from Holbud Limited at 178.79 $/mt c&f (August 1-15);
    • 60,000 MT from Holbud Limited at 179.26 $/mt c&f (August 1-15);
    • 60,000 MT from LLC Trade House at 178.00 $/mt c&f (August 15-30)

- Turkey's state grain agency TMO is expected to buy up to 320,000 MT of feed corn in the coming months. Turkey's TMO has been granted the right to import 500,000 MT of duty-free corn up to Dec 31, 2017. The 500,000 MT included about 180,000 MT of corn purchased by the TMO in an international tender on May 18

- May 22 - Argentina registered 103,000 MT of corn for export

- May 22 - Argentina registered 20,000 MT of feed barley for export

- May 22 - Argentina registered 10,000 MT of sorghum for export

- May 19 - China sold 989,630 MT of 2011, 2012 corn from state reserves, or 98.7% of the offered amount (1 MMT) at average price of 1,225 RMB/mt (178 $/mt)

- Malawi will allow local farmers to resume exporting maize after a two-year ban following a larger-than-expected 2017 maize harvest

- US corn export inspections for week, ending May 18, reported 1,144,187 MT, in line with market forecasts (0.85-1.25 MMT). Inspections for 2016/17 are running 51.8% ahead of year-ago

- USDA said the US corn crop was 84% planted as of May 21, in par with last year score, but slightly behind of the five-year average and an average analyst estimate of 85%

- USDA estimated US sorghum planting 37% complete as of May 21, compared to 36% last year and a 41% five-year average

- Dr. Michael Cordonnier raised his estimate of Brazil’s 2016/17 corn crop this week by 1 MMT to 93 MMT (66 MMT in 2015/16)

- MARS raised its yield forecast for this year's EU corn to 7.15 mt/ha from 7.13 mt/ha last month, up 1% from 2016 (7.07 mt/ha) and 3.9% above the five-year average

- MARS lowered its yield estimate for this year's EU barley (winter and spring) to 4.76 mt/ha from 4.9 mt/ha last month, down 2.2% from last year (4.87 mt/ha) and 1.5% below the 5-year average

- Russian farmers have sown 6.23 million ha of spring barley or 80.9% of planned area as of May 22 vs. 6.57 million ha a year ago

- Russian farmers have sown 2.65 million ha of corn or 86.5% of planned area as of May 22 vs. 2.4 million ha a year ago

- Ukraine’s Ag Min estimated early spring grain planting 98% done as of May 19 (100% as of May 19, 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, 382,000 ha of peas (well above initial plan and vs. 226,000 ha a year ago), 197,000 ha of oats (or 95%) and 172,000 ha of wheat (or 97%)

- Ukrainian farmers have sown 4.2 million ha of corn or 94% of planned area as of May 19 vs. 4.2 million ha a year ago

- Ukrainian grain stocks were at 12.078 MMT as of May 1, up 15.8% from a year earlier, incl. 3.873 MMT of wheat (4.952 MMT a year ago), 1.013 MMT of barley (0.848 MMT a year ago) and 6.507 MMT of corn (4.178 MMT a year ago). The data does not include grain stored at small farms

- China imported only 3,008 MT of corn last month, down 99.7% from the year-ago level. China's Jan-Apr corn imports fell 82.8% on year to 309,703 MT

- China imported 51,523 MT of distillers' dried grains (DDGS) in April, down 42.6% from March and down 80.4% from a year-ago. China's Jan-Apr DDGS imports fell 77.8% on year to 246,155 MT

- China's April ethanol imports fell almost 100% year on year to only 23 cubic metres. Meanwhile China's ethanol exports soared in April from the same month the year before to 13,540 cubic metres, up over 1,000% from a year earlier and 18% higher than the month before. In the first four months of the year, ethanol shipments jumped to 42,701 cubic metres, exceeding the total for the whole of 2016

- China's April barley imports rose 338.5% on year to 1.087 MMT, mostly from Australia (846,779 MT) and Canada (238,262 MT). China's Jan-Apr barley imports rose 173.5% on year to 3.269 MMT

- China imported 341,287 MT of sorghum in April, down 46% from a year-ago, mainly from the US (325,654 MT). China's Jan-Apr sorghum imports fell 19.9% on year to 2.368 MT

SOYBEAN

- May 23 - USDA announced export sales of 126,000 MT of US soybeans for delivery to unknown destinations during 2016/17

- May 22 - Argentina registered for export 165,000 MT of soybeans, 28,500 MT of soybean oil and 278,740 MT of soymeal

- May 22 - Argentina registered for export 16,974 MT of sunflower oil

- May 19 - South Korea’s KFA (Korea Feed Association) bought 55,000 MT of South American soymeal at 349.95 $/mt c&f including surcharge for additional port unloading for Aug 27-Sept 15 shipment with Oct 25 arrival

- US soybean export inspections for week, ending May 18, reported 348,535 MT, within market expectations that ranged from 250 to 400 TMT. Inspections for the 2016/17 marketing year are running 16.3% ahead of year-ago

- USDA said US soybean planting was 53% complete as of May 21, matching last-year score, and above the average expectation and five-year average of 52%

- Argentine April soybean crush was reported at 3.99 MMT, up from 3.36 MMT in March and up 7% from last year

- Stocks of soymeal at Argentine mills totalled 836,251 MT at the end of April 2017, down by 5.9% from a year-ago

- Stocks of soybean oil at Argentine mills are estimated at 212,910 MT at the end of April 2017, down by 35.8% from a year-ago

- Argentine April sunflower crush was reported at 433,366 MT, up from 416,095 MT in March and up 11.8% from last year

- Stocks of sunoil at Argentine mills are estimated at 110,115 MT at the end of April 2017, up by 6.6% from a year-ago

- Stocks of sunflower meal at Argentine mills are estimated at 101,959 MT at the end of April 2017, down by 22.5% from a year-ago

- Japan's April soybean imports rose 7.9% on year to 306,460 MT, incl. 275,172 MT from the US (+8.5%)

- China imported 8,015 MMT of soybeans during April up 13.4% from year-ago (main suppliers: Brazil (6.15 MMT) and US (1.777 MMT)). China's Jan-Apr soybean imports rose 18% on year to 27.537 MMT

- China's April soybean oil imports rose 181.3% from year-ago level to 53,162 MT. China's Jan-Apr soy oil imports rose 13.8% on year to 145,248 MT

- China's April rapeseed imports up 58.2% on year to 454,055 MT, incl. 445,566 MT from Canada. China's Jan-Apr rapeseed imports rose 41% on year to 1.704 MMT

- China's April rapeseed oil imports rose by 67.7% on year to 84,477 MT, mainly from Canada (70,714 MT). China's Jan-Apr rapeseed oil imports decreased 0.3% on year to 335,477 MT

- China's April rapeseed meal imports totalled 79,051 MT, from Canada, up by 39.9% on year. China's Jan-Apr rapeseed meal imports rose 400.4% on year to 282,690 MT

- China's April palm oil imports up 54.6% on year to 423,988 MT (main suppliers: Indonesia (293,829 MT) and Malaysia (130,107 MT)). China's Jan-Apr palm oil imports totalled 1.676 MMT, up 16.9% on year

- MARS lowered its yield forecast for this year's EU rapeseed to 3.17 mt/ha from 3.27 mt/ha last month, 2.7% below the 5-year average but up 3% from 2016 (3.07 mt/ha)

- MARS raised its yield forecast for this year's EU sunflower seed at 2.14 mt/ha from 2.1 mt/ha last month, up 3.9% from 2016 (2.06 mt/ha) and 10% above the 5-year average (1.94 mt/ha)

- Russian farmers have sown 5.98 million ha of sunflower or 83.4% of planned area as of May 22 vs. 5.69 million ha a year ago

- Russian farmers have sown 662,200 ha of rapeseed or 75.3% of planned area as of May 22 vs. 693,300 ha a year ago

- Russian farmers have sown 1.45 million ha of soybeans or 64.3% of planned area as of May 22 vs. 1.09 million ha a year ago

- Russia exported about 1.113 MMT of sunflower oil between Sept 1-May 14, 2016/17, a 36.3%-increase from a year-ago

- Russia exported about 230,200 MT of sunseed between Sept 1-May 14, 2016/17, in 5 times up from a year-ago

- Russia exported about 284,400 MT of soybeans between Sept 1-May 14, 2016/17, down 23.7% from a year-ago

- Ukrainian farmers have sown 5.1 million ha of sunflower or 95% of planned area as of May 19 vs. 4.8 million ha a year ago

- Ukrainian farmers have sown 1.7 million ha of soybeans or 88% of planned area as of May 19 vs. 1.7 million ha a year ago

- Ukrainian sunflower stocks were at 2.959 MMT as of May 1, up 47.7% from a year earlier (2.004 MMT). The data does not include grain stored at small farms

- Malaysia will lower its crude palm export tax to 6.0% in June, down from 7.0% in May. Malaysia calculated a reference price of 2,844.79 MYR/mt (658 $/mt) for June

- Surveyor Intertek Testing Services estimated Malaysia's May 1-20 palm oil exports at 846,705 MT up 20% from a month ago

- Surveyor SGS estimated Malaysia's May 1-20 palm oil exports at 852,628 MT up 18.6% from a month ago