WHEAT

- June 13 - Egypt’s GASC seeks an unspecified amount of wheat from global suppliers for July 15-25 shipment

- June 10 - Egypt's GASC bought 360,000 MT of wheat from Russia (240 TMT) and Romania (120 TMT) for July 10-20 shipment:

  • 60,000 MT of Russian wheat from GTCS at 204.02 $/mt c&f (192.77+11.25 freight);
  • 60,000 MT of Romanian wheat from Cofco at 204.80 $/mt c&f (194.50+10.30 freight);
  • 60,000 MT of Romanian wheat from Cerealcom at 204.99 $/mt c&f (194.69+10.30 freight);
  • 60,000 MT of Russian wheat from Friends at 206.40 $/mt c&f (194.45+11.95 freight);
  • 60,000 MT of Russian wheat from AOS at 206.40 $/mt c&f (194.45+11.95 freight);
  • 60,000 MT of Russian wheat from Aston at 206.45 $/mt c&f (194.50+11.95 freight)

- Egypt has procured 3.4 MMT of wheat from local farmers since the harvest began in mid-April

- June 13 - Israeli group seeks 30,000 MT of optional-origin feed wheat

- June 9 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 805,000 MT of hard wheat (12.5% protein) of EU, North and South American and Australian origin at an average price of 216.66 $/mt c&f (212-222.65 – range) in 13 consignments for Aug-Oct shipment to the ports of Jeddah (440 TMT), Dammam (255 TMT) and Jizan (110 TMT), from Bunge, Baywa, Cargill, Dreyfus, Glencore, Soufflet

- June 8 - Iraq cancelled a tender to buy at least 50,000 MT of wheat. The tender closed on June 4, but offers were to remain valid until June 8. Only three trading houses participated in the tender

- USDA estimated 50% of the US winter wheat crop good to excellent as of June 11 compared to 49% a week ago and 61% a year-ago, below analysts' expectations of 48-49%. The wheat harvest was 17% complete by June 11, ahead of last year’s pace of 10% and 5-year mean of 15%, but below an average of analysts' expectations for 22%

- USDA rated 45% of the US spring wheat crop in good-to-excellent condition as of June 11, sharply down from 55% a week earlier and below analysts' expectations for 53% and vs. 79% a year-ago

- US wheat export inspections for week, ending June 8, recorded 773,992 MT, topped market expectations. Inspections for 2017/18 are running 38.5% ahead of year-ago

- USDA forecasts US all wheat production at 1.824 billion bushels, slightly up from May forecast and above the average expectations of 1.815 billion bushels, but still down from 2.31 billion in 2016/17

- USDA upped US wheat ending stock estimates for the 2016/17 crop year to 1.161 billion bushels (1.159 in May) and for the 2017/18 carryout to 924 million bushels (914 in May and 911 million bushels – average estimates)

- USDA raised 2017/18 global wheat production forecast by 1.7 MMT to 739.5 MMT on a larger Russian crop, but still down 1.9% (or 14.6 MMT) from the 2016/17 record

- USDA raised 2017/18 world wheat inventories to a record 261.19 MMT from May estimate of 258.29 MMT, above average expectation of 257.77 MMT and vs. 256.43 MMT in 2016/17

- Russia’s Ag Min said Russia exported about 33.879 MMT of grain between July 1-June 7, 2016/17, up by 2.5% from 33.04 MMT a year ago, including:

  • wheat – 25.995 MMT (23.904 MMT a year ago);
  • barley – 2.786 MMT (4.218 MMT);
  • corn – 4.844 MMT (4.594 MMT);
  • others – 254 TMT (324 TMT)

- Russia has 4,001,300 MT of grain in its federal intervention fund as of June 8 vs. 3,266,300 MT a year-ago

- Russian Ag Min estimated spring planting 95% (or 50.04 million ha) done as of June 9 vs. 49.79 million ha a year ago. Of the total Russian farmers planted 30.44 million ha of spring grain or 98.2% of planned area (30.58 mln ha a year ago). Russian farmers have sown 13.01 million ha of spring wheat or 95.9% of planned area as of June 9 vs. 13.57 million ha a year ago

- Kazakh farmers planted 14.39 million ha of spring cereals crops as of June 10 vs. 14.68 million ha a year ago

- Ukraine exported 986 TMT of wheat in May 2017. Ukraine's July-May 2016/17 wheat exports rose 7.5% on year to 16.798 MMT

CORN

- June 13 - Israeli group seeks up to 85,000 MT of optional-origin corn

- June 13 - Israeli group seeks 20,000 MT of optional-origin feed barley

- June 12 - USDA announced export sales of 130,000 MT of US corn for delivery to unknown destinations during 2016/17

- June 9 - Argentina registered 422,290 MT of corn for export

- June 9 - Argentina registered for export 19,300 MT of malt and 4,000 MT of malting barley

- USDA rated 67% of the US corn crop as good-to-excellent as of June 11, down from 68% a week earlier matching an average of analyst expectations and down compared to 75% a year-ago

- USDA estimated US sorghum planting 71% complete as of June 11, compared to 73% last year and a 73% five-year average

- US corn export inspections for week, ending June 8, reported 1,041,534 MT, near the lower end of market forecasts (1.0-1.25 MMT). Inspections for 2016/17 are running 45.6% ahead of year-ago

- USDA's forecasts of US corn ending stocks for both 2016/17 and 2017/18 came in slightly above the average trade expectations

- USDA lowered its forecast of global corn production in 2017/18 by 1.8 MMT to 1,031.9 MMT with reductions for the EU and Canada, down 3.3% (or 35.35 MMT) from last year's record. Global trade is up with larger EU imports as lower domestic output and Ukraine’s and Russia’s attractive supplies support stronger demand in 2017/18

- USDA trimmed its forecast of 2017/18 world corn ending stocks by 0.9 MMT to 194.33 MMT, down from 224.59 MMT expected at the end of 2016/17 and below an average of analyst estimates for 195.48 MMT

- Agroconsult raised its forecast Brazilian corn exports in Feb 2017/Jan 2018 to a record 33 MMT

- Russian farmers have sown 7.39 million ha of spring barley or 96% of planned area as of June 9 vs. 7.76 million ha a year ago

- Russian farmers have sown 2.92 million ha of corn or 95.3% of planned area as of June 9 vs. 2.76 million ha a year ago

- Ukraine’s Ag Min estimated that Ukrainian farmers planted 2.34 million ha of spring crops as of June 9, thereof 1.58 million ha of barley (or 96% of planned area) vs. 1.82 mln ha a year ago, 385,000 ha of peas (well above initial plan and vs. 229,000 ha a year ago), 198,000 ha of oats (or 96%) and 176,000 ha of wheat (or 99%)

- Ukrainian farmers have sown 4.47 million ha of corn or 99% of planned area as of June 9 vs. 4.41 million ha a year ago

- Ukraine exported 2.655 MMT of corn in May 2017. Ukraine's Sept-May 2016/17 corn exports rose 19.9% on year to 18.19 MMT

- Ukraine exported 115 TMT of barley in May 2017. Ukraine's July-May 2016/17 barley exports rose 21.8% on year to 5.251 MMT

SOYBEAN

- June 9 - USDA announced export sales of 201,000 MT of US soybeans for delivery to unknown destinations during 2016/17

- June 9 - Argentina registered for export 294,540 MT of soymeal and 12,465 MT of soyoil

- June 9 - Argentina registered 21,680 MT of sunflower oil for export

- Agroconsult raised its forecast of Brazil's 2016/17 soybean crop to a record 115 MMT. It projected Brazilian soybean exports in 2017 at 61 MMT

- USDA said US soybean planting was 92% complete as of June 11, ahead of the last-year score (91%) and above the five-year average of 87%, but behind an average of analyst expectations of 94%. USDA rated 66% of the US soybean crop as good-to-excellent, behind an average of analyst expectations of 70% and down compared to 74% a year-ago

- US soybean export inspections for week, ending June 8, reported 508,220 MT, topped market expectations. Inspections for the 2016/17 marketing year are running 17.8% ahead of year-ago

- USDA's forecasts of US soybean ending stocks for both 2016/17 and 2017/18 came in above the average trade expectations

- USDA maintained its forecast of 2017/18 global soybean production at 344.7 MMT, down 1.9% (or 6.6 MMT) from last year's record level

- USDA raised its forecast of 2017/18 global soy ending stocks to 92.22 MMT, topping even the highest figure in a range of trade estimates (88.80-90.70 MMT – range), but below last year's record level of 93.21 MMT

- Surveyor Intertek Testing Services estimated Malaysia's June 1-10 palm oil exports at 366,994 MT up 5.8% from a month ago

- Egypt has 320,000 MT of vegetable oil reserves, enough to last for four months

- Ukrainian farmers have sown 5.56 million ha of sunflower or 103% of planned area as of June 9 vs. 5.46 million ha a year ago

- Ukrainian farmers have sown 1.87 million ha of soybeans or 96% of planned area as of June 9 vs. 1.85 million ha a year ago

- Ukraine exported 138 TMT of soybeans in May 2017. Ukraine's Sept-May 2016/17 soybean exports rose 39.1% on year to 2.704 MMT

- Ukraine exported 7 TMT of rapeseed in May 2017. Ukraine's July-May 2016/17 rapeseed exports fell 28.2% on year to 1.025 MMT

- Ukraine exported 473 TMT of sunflower oil in May 2017. Ukraine's Sept-May 2016/17 sunoil exports rose 29.6% on year to 4.441 MMT

- Russia exported about 1.256 MMT of sunflower oil between Sept 1-June 4, 2016/17, a 39.2%-increase from a year-ago

- Russia exported about 280,300 MT of sunseed between Sept 1-June 4, 2016/17, in 5.2 times up from a year-ago

- Russia exported about 299,700 MT of soybeans between Sept 1-June 4, 2016/17, down 23.4% from a year-ago

- Russian farmers have sown 7.32 million ha of sunflower or 102.1% of planned area as of June 9 vs. 6.8 million ha a year ago

- Russian farmers have sown 856,300 ha of rapeseed or 97.3% of planned area as of June 9 vs. 852,200 ha a year ago

- Russian farmers have sown 2.29 million ha of soybeans or 101.1% of planned area as of June 9 vs. 1.7 million ha a year ago

- Kazakh farmers planted 2.38 million ha of oilseed crops as of June 10 vs. 1.96 million ha a year ago