WHEAT

- June 15 - Japan seeks 162,286 MT of food wheat for July-Sept shipments:

  • 20,501 MT of western white US wheat;
  • 43,125 MT of hard red winter US wheat;
  • 34,910 MT of dark northern spring US wheat;
  • 28,620 MT of Canadian western red spring wheat;
  • 35,130 MT of Australian standard white wheat

- June 14 - Tunisia's state grains agency bought 25,000 MT of optional-origin soft milling wheat from Nidera at 189.95 $/mt c&f for Aug 20-Oct 10 shipment

- June 14 - Japan bought 12,500 MT of feed grain (12,300 MT of wheat and 200 MT of barley) for November 30 arrival via SBS-tender. New SBS tender for 120,000 MT of feed wheat and 200,000 MT of feed barley will be held on June 21

- June 13 - Egypt's GASC bought 300,000 MT of wheat from Russia (180 TMT), Romania (60 TMT) and Ukraine (60 TMT) for July 15-25 shipment:

  • 60,000 MT of Russian wheat from Friends at 205.47 $/mt c&f (192.92+12.55 freight);
  • 60,000 MT of Romanian wheat from ADM at 205.57 $/mt c&f (193.97+11.6 freight);
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 206.59 $/mt c&f (192.6+13.99 freight);
  • 60,000 MT of Russian wheat from Daewoo at 206.88 $/mt c&f (193.5+13.38 freight);
  • 60,000 MT of Russian wheat from Aston at 206.88 $/mt c&f (193.5+13.38 freight)

- June 13 - According to Egyptian court’s verdict, quarantine body that applied the ban on ergot will again handle the inspection process both in Egypt and abroad, though it does not necessarily imply a return to zero ergot

- June 13 - Taiwan Flour Millers' Association bought 92,400 MT of US milling wheat from CHS in two consignments:

  • The first consignment has an additional charge of 27.81 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between July 30-Aug 13:
    • 26,750 MT of dark northern spring wheat (14.5% protein) at 291.04 $/mt fob;
    • 13,800 MT of hard red winter wheat (12.5% protein) at 242.98 $/mt fob;
    • 5,750 MT of soft white wheat (9% protein) at 192.34 $/mt fob.
  • The second consignment has an additional charge of 27.88 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Aug 16-30:
    • 27,900 MT of dark northern spring wheat (14.5% protein) at 291.04 $/mt fob;
    • 12,600 MT of hard red winter (12.5% protein) at 242.98 $/mt fob;
    • 5,600 MT of soft white wheat (9% protein) at 192.34 $/mt fob

- June 13 - Israeli group bought 30,000 MT of optional-origin feed wheat from Cargill in two consignments (2x15 TMT) at about 177 $/mt c&f for August shipment and around 178 $/mt c&f for September shipment

- June 13 - 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 June 20

- June 13 - China sold 31,917 MT of wheat from state reserves or 1% of the offered amount (3,056,023 MT) at auction at average price of 2,448 RMB/mt (360 $/mt)

- June 13 - China auctioned 1,809 MT of imported wheat from state reserves, or 1.2% of the offered amount (151,854 MT) at average price of 2,550 RMB/mt (375 $/mt)

- June 12 - Argentina registered 200,000 MT of wheat for export

- Syria has received 225,000 MT of Russian wheat, part of a 1.2 MMT wheat deal struck in February through its state grain buyer

- Syria received 81,000 MT of wheat from Russia as humanitarian aid, another 19,000 MT would be delivered by end of the month

- ABARES raised its forecast of 2017/18 Australian wheat crop to 24.19 MMT from previous estimate of 23.98 MMT in March, still down 31% from the record 35.11 MMT in 2016/17

- Informa Economics updated its US planted acre estimate, increasing spring wheat to 11.19 million acres, up 310,000 acres from May's estimate. Informa upped durum wheat from last month by 50,000 acres to 2.0 mln acres and increased its estimate for all US wheat by 360,000 acres to 45.9 million

- Ukraine's Ag Min said Ukraine exported 42.3 MMT of grain between July 1-June 14, 2016/17, up 12.8% from 37.5 MMT for the same period last season, including:

  • wheat – 17 MMT (vs. 16 MMT a year ago);
  • corn – 19.7 MMT (16.9 MMT);
  • barley – 5.3 MMT (4.3 MMT)

- Ukrainian farmers have completed grain sowing for 2017, seeding 14.3 million hectares, including 6.28 mln ha of wheat, 4.47 mln ha of maize, 2.46 mln ha of barley

- FranceAgriMer raised its forecast for French soft wheat stocks at the end of the 2016/17 to 2.679 MMT from 2.41 MMT projected last month (3.346 MMT in 2015/16). Projected exports outside the EU were lowered from 5.2 to 5.0 MMT, down 60.4% from 12.623 MMT in 2015/16, while forecast shipments within the EU were upped from 5.765 to 5.9 MMT, down 24.4% from 7.803 MMT in 2015/16

- France's farm ministry trimmed its estimate of the soft wheat sowing area for this year's harvest to 5.148 million hectares from 5.179 mln ha previously, down from 5.176 million in 2016 but 2.2% above the average of the past five years

- France shipped about 1.321 MMT of soft wheat abroad in April, 10-th month of the 2016/17 marketing season, more than the 901 TMT exported in March. France exported almost 710 TMT of soft wheat outside the EU in April (incl. 214 TMT to Algeria, 128 TMT to Morocco, 126 TMT to Egypt, 71 TMT to South Korea and 53 TMT to Cuba), with Jul-Apr 2016/17 France's soft wheat shipments outside the EU at 4.067 MMT, down 58% on the year-earlier period. Total French soft wheat exports, including shipments within the EU, so far this season were down 47% at 8.535 MMT (16.044 MMT in Jul-Apr 2015/16)

- UK exported only 49,434 MT of wheat in April, less than 71,224 MT in March and down 79.7% from a year-ago, including 23,412 MT to Belgium-Luxembourg. Cumulative exports for the season, which started on July 1, 2016, totalled 1.366 MMT, down from 2.225 MT during the same period prior season

- UK imported 209,200 MT of wheat in April, up from 168,504 MT in March and up 130% from a year-ago, including 97,775 MT from Romania, 35,366 MT from Denmark, 27,681 MT from France and 24,311 MT from Germany. Britain’s Jul-Apr wheat imports totalled 1.479 MMT, up from 1.267 MMT a year ago

- Germany's association of farm cooperatives raised its forecast of country’s 2017 wheat crop to 25.2 MMT from 24.98 MMT in May, a 3% increase from last year

CORN

- June 14 - Tunisia's state grains agency bought 25,000 MT of optional-origin feed barley from Nidera at 175.82 $/mt c&f for July 15-Aug 5 shipment

- June 13 - Israeli group bought 100,000 MT of optional-origin corn: 50,000 MT from Nidera at about 176 $/mt c&f for August shipment and 50,000 MT from Amaggi at around 177.75 $/mt c&f for September shipment

- June 13 - Argentina registered 104,000 MT of corn for export

- June 12 - Argentina registered for export 45,346 MT of corn and 9,000 MT of malting barley

- Zimbabwe has banned grain imports to protect local farmers after producing enough to meet domestic demand. They forecast output of the staple maize at 2.1 MMT this year, from 511,000 MT in 2016. Zimbabwe has since 2001 been importing maize to meet domestic demand of 1.8 MMT

- Animal feed shortages have prompted the Algerian government to issue import licenses for barley, corn and soymeal. The state-run agencies (OAIC, ONAB) were given 2.145 MMT of corn import licenses and 462,076 MT of barley import licenses

- Dr. Michael Cordonnier raised his forecast of South America’s 2016/17 corn crop this week by 1 MMT to 137.3 MMT (97.2 MMT in 2015/16) due to increase forecast for Brazil by 1 MMT to 94 MMT (66 MMT in 2015/16)

- Dr. Michael Cordonnier lowered his US corn yield projection by 2 bushel per acre (bpa) from last week to 167 bpa, resulting in a 13.63-billion-bu crop (346.2 MMT)

- Informa Economics raised its projection of US 2017 corn plantings to 90.186 million acres (36.5 mln ha) from 89.716 mln acres/36.31 mln ha in May

- ABARES lowered its forecast of 2017/18 Australian barley crop to 8.11 MMT from 8.5 MMT in March, down 39.5% from the record 13.4 MMT in 2016/17

- ABARES lowered its estimate of 2016/17 Australian sorghum crop to 1.11 MMT, down 45.7% from the 2.04 MMT in 2015/16

- FranceAgriMer raised its forecast for French corn stocks at the end of the 2016/17 to 2.279 MMT from 2.156 MMT in May, but down vs. 2.485 MMT in 2015/16. France's 2016/17 corn exports are forecasted at 4.668 MMT (4.845 MMT – previous forecast) vs. 6.337 MMT a year ago

- FranceAgriMer trimmed its forecast of France's 2016/17 barley ending stocks to 974,000 MT from 993,000 MT in May and against 1.291 MMT in 2015/16. France's 2016/17 barley exports (without malt) is expected at 5.166 MMT (5.187 MMT – previous forecast) down 32.8% from 7.684 MMT a year ago

- France's farm ministry forecasts the country's 2017 winter barley crop at 9.341 MMT, up 14% from last year and 14.4% above five-year average

- France's farm ministry trimmed its estimate of the area sown with maize (for grain) this year to 1.374 million hectares from 1.388 mln ha in May, down 3.3% from last year and 15.4% below five-year average

- France exported 208 TMT of barley outside the EU in April (incl. 143 TMT to Saudi Arabia, 24 TMT to Tunisia and 24 TMT to Libya). A further 256 TMT were exported within the EU in April, bringing total French barley exports in the first ten months of the season to 4.301 MMT (incl. 2.042 MMT to non-EU), down 36% on the year-earlier period (6.732 MMT, incl. 4.241 MMT to non-EU in Jul-Apr 2015/16)

- French maize exports in Jul-Apr 2016/17, which are mostly within the EU, declined by 24% to 3.675 MT (4.812 MMT in Jul-Apr 2015/16)

- UK corn imports rose in April to 254,170 MT from 183,903 MT in March and up 95.5% from a year-ago, including 95,397 MT from Romania, 47,286 MT from France and 32,573 MT from Ukraine. Britain’s Jul-Apr corn imports totalled 1.675 MMT vs. 1.499 MMT a year ago

- UK exported only 39,644 MT of barley in April, down from 94,877 MT in March and by 81.1% below year-ago level. Cumulative barley exports for 2016/17 totalled 915,229 MT compared to 1.762 MMT in Jul-Apr 2015/16

- Germany's association of farm cooperatives lifted its forecast of country’s 2017 corn crop to 3.78 MMT from 3.74 MMT in May, a 5.7% fall from last year

- Germany's association of farm cooperatives forecasted the country’s 2017 winter barley crop at 8.74 MMT (8.69 MMT – previous forecast in April), down 2.3% from last year; and spring barley crop at 1.9 MMT (1.89 MMT – previous forecast), up 7.4% from 2016

- US Ethanol production for the week ended June 9 rose by 3,000 barrels to 1,002,000 barrels per day, down 1.1% from last year's level of 1,013,000 bpd. Stocks climbed by 560,000 barrels from the week prior to 22.542 million barrels, up 6.4% vs. 21.182 million barrels a year ago

- China renewed the import approvals for 14 GMO crop varieties and approved the import of two new varieties starting on June 12. The new varieties are Dow AgroSciences' Enlist corn and Monsanto's Vistive Gold soybean. The 14 renewed products include Syngenta's MIR162 Agrisure Viptera corn and three Bayer rapeseed products. The approvals are for a three-year period lasting to 2020

SOYBEAN

- June 13 - Argentina registered for export 89,048 MT of soybeans, 37,394 MT of soybean oil and 27,000 MT of soymeal

- June 12 - Argentina registered 10,560 MT of soymeal for export

- June 12 - Argentina registered 16,000 MT of sunflower oil for export

- Animal feed shortages have prompted the Algerian government to issue import licenses for barley, corn and soymeal. The state-run OAIC and ONAB were given 490,149 MT of soymeal licenses

- Dr. Michael Cordonnier raised his forecast of South America’s 2016/17 soybean crop this week by 2.5 MMT to 186.1 MMT (165.5 MMT in 2015/16) due to increase forecasts for Brazil by 2 MMT to 113 MMT (95.5 MMT in 2015/16) and Argentina by 0.5 MMT to 57 MMT (56 MMT in 2015/16)

- Dr. Michael Cordonnier lowered his US soybean yield projection by 1 bushel per acre (bpa) from last week to 48 bpa, resulting in a 4.27-billion-bu crop (116.2 MMT)

- Informa Economics lowered its projection of US 2017 soybean plantings to 89.362 million acres (36.16 mln ha) from 89.662 mln acres/36.28 mln ha in May

- ABARES lowered its forecast of 2017/18 Australian canola crop to 3.32 MMT from 3.69 MMT in March, down 20% from the 4.14 MMT in 2016/17

- France's farm ministry forecasts the country's 2017 winter rapeseed output at 4.766 MMT, up 0.9% from last year but 6.1% below five-year average

- France's farm ministry lifted its estimate of the area sown with sunseed this year to 550,000 hectares from 548,000 ha in May, virtually unchanged from last year but 16% below five-year average

- France's farm ministry upped its estimate of the area sown with soybean this year to 143,000 hectares from 142,000 ha in May, up 4.7% from last year and 72.1% above five-year average

- Germany's association of farm cooperatives raised Germany's 2017 winter rapeseed output forecast from 4.68 to 4.78 MMT this month, up 4.7% from 2016

- Ukrainian farmers have completed sowing for 2017, seeding 5.6 million hectares of sunflower, 1.88 mln ha of soybeans and 858,000 ha of winter rapeseed

- MPOB estimated Malaysian crude palm oil production in May at 1.655 MMT, above average expectation of 1.63 MMT and up 6.9% from 1.548 MMT in April with end-stocks at 1.558 MMT down 2.6% on month, and below the average market expectation of 1.58 MMT. Malaysian May palm oil exports rose to 1.506 MMT, up 17.3% on month and above the average expectation of 1.46 MMT

- Surveyor SGS estimated Malaysia's June 1-10 palm oil exports at 367,165 MT up 2.2% from a month ago