WHEAT

- June 8 - Japan seeks 159,610 MT of food wheat for July-Sept shipments:

  • 24,100 MT of western white US wheat;
  • 22,560 MT of hard red winter US wheat;
  • 34,455 MT of dark northern spring US wheat;
  • 55,075 MT of Canadian western red spring wheat;
  • 23,420 MT of Australian standard white wheat

- June 7- Algeria's OAIC seeks at least 50,000 MT of optional-origin milling wheat for August shipment

- June 6 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin hard milling wheat for Oct-Nov shipment

- June 4 - The lowest offer in Iraq’s tender for 50,000 MT of hard wheat came in at 264.66 $/mt c&f free out for US wheat. The tender closed on June 4 and offers must remain valid up to June 8

- June 6 - China sold 129,886 MT of wheat from state reserves or 4.2% of the offered amount (3.09 MMT) at auction at average price of 2,500 RMB/mt (368 $/mt)

- June 6 - China auctioned 3,065 MT of imported wheat from state reserves, or 2% of the offered amount (150,867 MT) at average price of 2,550 RMB/mt (375 $/mt)

- June 5 - Argentina registered 80,720 MT of wheat for export

- June 2 - Argentina registered for export 7,551 MT of wheat flour

- Argentina in May registered for export 635,768 MT of wheat and 53,909 MT of wheat flour

- Stocks of wheat at Argentine grain storage and processing companies fell to 5.129 MMT at the end of April 2017, down by 7.1% from a year-ago (5.523 MMT in Apr 2016)

- USDA estimated 49% of the US winter wheat crop good to excellent as of June 4 compared to 50% a week ago and 62% a year-ago, below analysts' expectations of 50%. The wheat harvest was 10% complete by June 4, ahead of last year’s pace of 2% and 5-year mean of 7% and above an average of analysts' expectations for 7%

- USDA rated 55% of the US spring wheat crop in good-to-excellent condition as of June 4, down from 62% a week earlier, below analysts' expectations of 61% and compared to 79% a year-ago

- US wheat export inspections for week, ending June 1, recorded 522,881 MT, within market expectations. Meanwhile inspections for 2017/18 are running 59.6% behind of year-ago

- Weekly US wheat export sales data for week ended May 25 totalled 781,300 MT, incl. net cancellation of 29,000 MT for 2016/17 (within trade expectations for -100-+100 TMT) and 810,300 MT for 2017/18 (topped trade expectations of 250-450 TMT). Export commitments for 2016/17 are running 37% ahead of year-ago

- Informa Economics projected 2017 US winter wheat crop at 1.259 billion bu (34.26 MMT), incl. HRW wheat crop – 751 mln bu (20.44 MMT), SRW wheat – 290 mln bu (7.89 MMT) and white winter wheat – 218 mln bu (5.93 MMT)

- IKAR forecasts 2017/18 Russian wheat exports at a record 28 MMT, up by 0.7-0.8 MMT from the current marketing year

- Russia’s Ag Min said Russia exported about 33.248 MMT of grain between July 1-May 31, 2016/17, up by 1.7% from 32.695 MMT a year ago, including:

  • wheat – 25.61 MMT (23.641 MMT a year ago);
  • barley – 2.69 MMT (4.218 MMT);
  • corn – 4.701 MMT (4.519 MMT);
  • others – 247 TMT (317 TMT)

- Russia has 4,001,600 MT of grain in its federal intervention fund as of June 2 vs. 3,266,300 MT a year-ago

- Russian wheat export prices have risen for a third consecutive week due to persistent concerns over wheat crops in Russia and Ukraine to be harvested this summer

- Russian Ag Min estimated spring planting 92% (or 48.46 million ha) done as of June 5 vs. 49 million ha a year ago. Of the total Russian farmers planted 29.66 million ha of spring grain or 95.7% of planned area (30.27 mln ha a year ago). Russian farmers have sown 12.84 million ha of spring wheat or 94.6% of planned area as of June 5 vs. 13.54 million ha a year ago

- Turkey expects wheat production to rise 6% in 2017 from a year earlier

- Qatar food imports hit after Arab nations cut ties. Saudi Arabia, Egypt, United Arab Emirates and Bahrain cut relations with Qatar on Monday over alleged support for Islamists and Iran in a coordinated move. Yemen, Libya's eastern-based government and the Maldives joined in later

CORN

- June 5 - Argentina registered for export 41,905 MT of corn and 10,500 MT of sorghum

- June 2 - Argentina registered 100,000 MT of corn for export

- Argentina in May registered 2.127 MMT of corn for export

- Argentina in May registered for export 146,750 MT of feed barley, 50,000 MT of malting barley and 42,100 MT of malt

- Argentina in May registered 41,600 MT of sorghum for export

- Informa Economics raised its forecast for Argentina's 2016/17 corn crop to 40 MMT from 38 MMT last month

- Stocks of corn at Argentine grain storage and processing companies totalled 3.551 MMT at the end of April 2017, up by 63.1% from a year-ago

- Stocks of barley at Argentine grain storage and processing companies totalled 1.349 MMT at the end of April 2017, down by 4.4% from a year-ago

- USDA said the US corn crop was 96% planted as of June 4, behind the last year and five-year average scores of 97%. USDA rated 68% of the US corn crop as good-to-excellent, up from 65% a week earlier and above an average of analyst expectations of 67%, but still down compared to 75% a year-ago

- USDA estimated US sorghum planting 55% complete as of June 4, compared to 56% last year and a 60% five-year average

- US corn export inspections for week, ending June 1, reported 1,177,107 MT, near the upper end of market forecasts (0.9-1.2 MMT). Inspections for 2016/17 are running 50.4% ahead of year-ago

- Weekly US corn export sales data for week ended May 25 of 551,800 MT, incl. 412,100 MT for 2016/17 (below trade expectations of 450-650 TMT) and 139,700 MT for 2017/18 (within trade estimates of 0-200 TMT). Export commitments for 2016/17 are running 24% ahead of year-ago

- Celeres forecasts 2016/17 Brazil corn crop at 100.7 MMT (incl. 66.9 MMT for the second season crop). It estimates 1.8% of Brazilian second corn crop has been harvested as of June 2

- FCStone raised its estimate of Brazilian 2016/17 corn harvest to 97.6 MMT from 96.15 MMT seen in May. Brazil's 2016/17 ending corn stocks are expected at 22 MMT while corn exports are seen at 28 MMT

- AgRural raised its forecast of Brazil’s 2016/17 total corn crop to 97.9 MMT (incl. 67.1 MMT for the second season crop) from 94.4 (incl. 63.6) MMT previously

- Informa Economics kept its Brazil's 2016/17 corn crop forecast at 96 MMT

- Russian farmers have sown 7.28 million ha of spring barley or 94.5% of planned area as of June 5 vs. 7.73 million ha a year ago

- Russian farmers have sown 2.88 million ha of corn or 94.1% of planned area as of June 5 vs. 2.72 million ha a year ago

- Turkey expects barley production to rise 12% in 2017 from a year earlier

SOYBEAN

- July 10 - Iran seeks 30,000 MT of soybean oil

- June 5 - USDA announced export sales of 120,000 MT of US soybeans for delivery to unknown destinations during 2016/17 (60,000 MT) and 2017/18 (60,000 MT)

- June 2 - USDA announced export sales of 200,000 MT of US soybeans for delivery to Spain during 2016/17 (70,000 MT) and 2017/18 (130,000 MT)

- USDA said US soybean planting was 83% complete as of June 4, ahead of the last-year score (82%) and above the five-year average of 79%

- US soybean export inspections for week, ending June 1, reported 277,298 MT, below market expectations that ranged from 300 to 500 TMT. Inspections for the 2016/17 marketing year are running 17% ahead of year-ago

- Weekly US soybean export sales data for week ended May 25 of 626,200 MT, incl. 610,200 MT for 2016/17 (topped market estimates of 200-400 TMT) and 16,000 MT for 2017/18 (within trade estimates of 0-150 TMT). Export commitments for 2016/17 are running 23% ahead of year-ago

- Safras & Mercado says Brazilian farmers sold 58% of the record 2016/17 soybean crop by June 2 versus 76% last year and vs. 5-year average pace of 74%

- FCStone raised its projection for the Brazilian 2016/17 soybean crop to 113.2 MMT from 111.8 MMT seen in May. Brazil's 2016/17 ending soybean stocks are expected at 7 MMT while soybean exports are seen at a record 61.5 MMT

- Abiove maintains Brazil's 2016/17 soybean output estimate at 112.5 MMT and soybean export forecast at 61.7 MMT, unchanged from May estimates

- Informa Economics raised its forecast of Brazil's 2016/17 soybean harvest to 114.5 MMT, up from its previous estimate of 113 MMT

- June 5 - Argentina registered for export 126,000 MT of soybeans and 292,300 MT of soymeal

- Argentina in May registered for export 1.516 MMT of soybeans, 2.215 MMT of soymeal and 472,344 MT of soybean oil

- Argentina in May registered for export 65,681 MT of sunflower oil and 116,039 MT of sunflower meal

- Informa Economics increased its estimate of Argentina's 2016/17 soybean production to 58 MMT from 56.8 MMT previously

- Stocks of soybeans at Argentine grain storage and processing companies rose to 11.112 MMT at the end of April 2017, up by 38.1% from a year-ago

- Stocks of sunseed at Argentine grain storage and processing companies are estimated at 1.433 MMT at the end of April 2017, up by 18.9% from a year-ago

- India's Solvent Extractors' Association say the country's crude vegoil import tax should be increased to 20% and refined oils import tax increased to 35%

- Russia exported about 1.205 MMT of sunflower oil between Sept 1-May 28, 2016/17, a 36.6%-increase from a year-ago

- Russia exported about 272,800 MT of sunseed between Sept 1-May 28, 2016/17, in 5.4 times up from a year-ago

- Russia exported about 295,700 MT of soybeans between Sept 1-May 28, 2016/17, down 23% from a year-ago

- Russian farmers have sown 7.12 million ha of sunflower or 99.3% of planned area as of June 5 vs. 6.67 million ha a year ago

- Russian farmers have sown 844,700 ha of rapeseed or 96% of planned area as of June 5 vs. 848,600 ha a year ago

- Russian farmers have sown 2.14 million ha of soybeans or 94.4% of planned area as of June 5 vs. 1.64 million ha a year ago