WHEAT

- May 23 - South Korea's Feed Leaders' Committee (FLC) bought 63,000 MT of feed wheat, likely from Black Sea region, at 190.3 $/mt c&f including a surcharge for unloading at an additional port for Sept 10-30 shipment

- Turkey has introduced new curbs on Russian wheat, limiting purchases to 20-25% of all import licences issued for the commodity. The restrictions were added about a week ago

- Ukraine's Ag Min said Ukraine exported 40.11 MMT of grain between July 1-May 24, 2016/17, up 11.6% from 35.95 MMT for the same period last season, including:

  • wheat – 16.54 MMT (vs. 15.29 MMT a year ago);
  • corn – 18.19 MMT (16.2 MMT);
  • barley – 5.15 MMT (4.25 MMT)

- According to TAXUD, the EU this season in period of Jul 1-May 23, 2016/17 exported 21.821 MMT of soft wheat compared to 27.65 MMT a year ago. Top 5 export destinations in 2016/17 are Algeria (16.9%), Saudi Arabia (13.6%), Vietnam (6.7%), Egypt (6.6%) and Morocco (5.9%)

- Argentina's Ag Min expects the country to plant 6 million hectares (14.83 mln acres) of wheat for the 2017/18, down 5.7% from 6.36 mln ha in 2016/17

CORN

- May 24 - Jordan bought 50,000 MT of optional-origin feed barley from Midgulf at 178.3 $/mt c&f for October 1-15 shipment

- May 24 - 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 31

- May 23 - Argentina registered 45,000 MT of corn for export

- EU this season in period of Jul 1-May 23, 2016/17 imported 10.514 MMT of corn (maize) vs. 12.553 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (62.6%), Russia (9.3%), Brazil (8.1%), Canada (6.9%) and the US (5%)

- EU this season in period of Jul 1-May 23, 2016/17 exported 2.03 MMT of corn vs. 1.583 MMT a year ago. Top 5 export destinations in 2016/17 are Egypt (24.4%), Lebanon (12.2%), Turkey (9.4%), Libya (7.3%) and Vietnam (7.2%)

- EU this season in period of Jul 1-May 23, 2016/17 exported 4.779 MMT of barley vs. 9.714 MMT a year ago. Top 5 export destinations in 2016/17 are Saudi Arabia (46.3%), Tunisia (7.8%), China (6.9%), Jordan (6 %) and Algeria (6%)

- EU this season in period of Jul 1-May 23, 2016/17 exported 2.569 MMT of malt in barley equivalent vs. 2.975 MMT a year ago. Top 5 export destinations in 2016/17 are Japan (11%), Vietnam (9.9%), Nigeria (5.7%), Brazil (3.9%) and South Africa (3.4%)

- Argentina's Ag Min raised its corn acreage estimate for the 2016/17 to 7.43 mln ha/18.36 mln acres, incl. 5.93 mln ha/14.65 mln acres under corn for grain. They forecast corn production at 46.5 MMT, up 16.8% from 39.8 MMT in 2015/16. Corn exports in 2016/17 (Mar 2017-Feb 2018) are expected to rise to 28.5 MMT from 21.45 MMT in previous season

- Argentina's Ag Min kept its barley production forecast for the 2016/17 at 3.3 MMT, down 32.7% from 4.9 MMT in 2015/16. They raised barley export forecast in 2016/17 (Dec-Nov) to 1.95 MMT from 1.5 MMT in April, but still down from 3.1 MMT in previous season

- Argentina's Ag Min forecasts sorghum production at 3 MMT, unchanged from 2015/16. Sorghum exports in 2016/17 (Mar 2017-Feb 2018) are expected steady at 450,000 MT

SOYBEAN

- May 23 - Argentina registered for export 50,000 MT of soybeans and 70,000 MT of soymeal

- Argentina's Ag Min slightly lifted its soybean acreage estimate for the 2016/17 to 19.45 mln ha/48.06 mln acres. They forecast soybean production at 58 MMT, down 1.4% from 58.8 MMT in 2015/16. Soybean exports in 2016/17 (Apr 2017-Mar 2018) are expected to rise to 9.5 MMT from 9 MMT in previous season. Soybean crushing is forecasted at 49 MMT (48.5 MMT in 2015/16)

- Argentina's Ag Min raised its sunseed production forecast for the 2016/17 to 3.5 MMT from 3.3 MMT last month, up 16.7% from 3 MMT in 2015/16. Estimate for sunseed crush in 2016/17 (Jan-Dec 2017) was increased to 3.3 MMT from 3.2 MMT in April and vs. 2.75 MMT previous season

- Turkey is limiting imports of sunflower oil from Russia

- EU this season in period of Jul 1-May 23, 2016/17 imported 12.381 MMT of soybeans vs. 12.861 MMT a year ago. Top 5 import origins in 2016/17 are the US (40%), Brazil (32.6%), Paraguay (9%), Canada (8.3%) and Ukraine (4.1%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 15.701 MMT of soymeal vs. 18.116 MMT a year ago. Top 5 import origins in 2016/17 are Argentina (46.5%), Brazil (39%), Paraguay (7.1%), India (1.7%) and US (1.4%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 242,665 MT of soybean oil vs. 278,601 MT a year ago. Top 5 import origins in 2016/17 are Serbia (25.4%), Norway (25.1%), Ukraine (23.7%), Russia (14%) and Paraguay (8.6%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 3.971 MMT of rapeseed vs. 3.165 MMT a year ago. Top import origins in 2016/17 are Australia (59.9%), Ukraine (23.1%) and Canada (15.1%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 167,878 MT of rapeseed meal vs. 391,224 MT a year ago. Top 5 import origins in 2016/17 are Russia (50.6%), Ukraine (29.7%), Canada (5.8%), China (4.8%) and Serbia (4.6%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 144,960 MT of rapeseed oil vs. 193,439 MT a year ago. Top 5 import origins in 2016/17 are Ukraine (45%), Russia (27.7%), Belarus (9.4%), Serbia (8.1%) and Canada (7.6%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 766,010 MT of sunflowerseed vs. 392,905 MT a year ago. Top 5 import origins in 2016/17 are Moldova (37.8%), Argentina (15.9%), Ukraine (15.7%), Serbia (8.9%) and Russia (7.9%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 3.089 MMT of sunflower meal vs. 2.84 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (68.8%), Argentina (13.9%), Russia (13.5%), Serbia (1.6%) and China (0.7%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 1.275 MMT of sunflower oil vs. 1.175 MMT a year ago. Top import origins in 2016/17 are Ukraine (90.7%), Moldova (4.6%) and Serbia (3.1%)

- EU this season in period of Jul 1-May 23, 2016/17 imported 5.229 MMT of palm oil vs. 6.05 MMT a year ago. Top 5 import origins in 2016/17 are Indonesia (51.3%), Malaysia (22.9%), Papua New Guinea (9.2%), Guatemala (5.4%) and Honduras (5.2%)