WHEAT

- June 15 - Japan bought 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 15 - Argentina registered 27,841 MT of wheat for export

- Venezuelan government said they had signed a deal to import 60,000 MT of wheat per month from Russia

- Weekly US wheat export sales data for week ended June 8 totalled 373,400 MT for 2017/18 (at a lower end of trade expectations of 350-550 TMT). Export commitments for 2017/18 are running 7% ahead of year-ago to start the season

- According to TAXUD, the EU this season in period of Jul 1-June 13, 2016/17 exported 22.642 MMT of soft wheat compared to 29.939 MMT a year ago. Top 5 export destinations in 2016/17 are Algeria (17.5%), Saudi Arabia (13.4%), Egypt (6.5%), Vietnam (6.4%) and Morocco (5.7%)

- Strategie Grains cut its forecast for the 2017 soft wheat harvest in the EU to 141.6 MMT from 142.7 MMT in May (136.1 MMT in 2016). Strategie Grains lowered its forecast for EU 2017/18 soft wheat exports by 1.6 MMT to 24.4 MMT

- FranceAgriMer said 74% of France’s soft wheat crops were in good to excellent condition as of June 12, down 1% point from the prior week and vs. 75% a year ago; durum rating at 62% in good to excellent vs. 64% a week-ago and vs. 68% a year-ago

- Bulgaria's Jul-Mar 2016/17 wheat exports are estimated at 3.884 MMT, up 35.3% from year-ago

- Kazakhstan’s grain stocks as of June 1, 2017 accounted 6.539 MMT, including 5.602 MMT of wheat thereof 4.678 MMT of milling wheat compared to 5.008 MMT (incl. 4.35 MMT of wheat thereof 3.7 MMT of milling) a year ago

- Rosario grain exchange pegged Argentine 2017/18 wheat crop area at 5.6 mln hectares, up 8% from last year

- Buenos Aires Grain Exchange maintained the country's upcoming 2017/18 wheat crop planting at 5.5 mln ha (5.1 mln ha in 2016/17). Exchange estimates 36.6% of the crop has been planted as of June 15 vs. 30% this time last year

- Iraq bought 30,000 MT of Argentine rice at 548 $/mt c&f in a tender that closed earlier this week

CORN

- June 16 - USDA announced export sales of 120,000 MT of US corn for delivery to Mexico during 2017/18

- June 15 - South Korea’s KFA bought 65,000 MT of optional-origin corn from ADM at 183.5 $/mt c&f plus a 1.0 $/mt surcharge for additional port unloading for October 5 arrival

- June 15 - South Korea’s KOCOPIA bought 60,000 MT of optional origin corn from Concordia at 185.5 $/mt c&f including surcharge for additional port unloading for September 25 arrival

- June 15 - Jordan has made no purchase in an international tender for 100,000 MT of feed barley for Oct-Nov shipment and may retender on June 22

- June 16 - China sold a total 1,254,197 MT of corn from state reserves via auctions:

  • 1,253,507 MT of 2013 corn, or 58.8% of the offered amount (2,130,656 MT), at average price of 1,366 RMB/mt (200 $/mt);
  • 690 MT of 2012, 2013 corn, or 5.3% of the offered amount (13,123 MT) at average price of 1,064 RMB/mt (156 $/mt)

- June 15 - China sold 98,293 MT of 2013 corn from state reserves, or 7.1% of the offered amount (1,384,969 MMT), at average price of 1,333 RMB/mt (196 $/mt)

- June 15 - Argentina registered 87,842 MT of corn for export

- Weekly US corn export sales data for week ended June 8 totalled 614,200 MT (at a lower end of trade expectations of 600-1000 TMT), incl. 600,700 MT for 2016/17 and 13,500 MT for 2017/18. Export commitments for 2016/17 are running 20% ahead of year-ago

- EU in week ended June 9 awarded licenses to import 8,000 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 94.46% (255,041 MT) out of a total volume of 270,000 MT available in 2017

- EU this season in period of Jul 1-June 13, 2016/17 imported 11.786 MMT of corn (maize) vs. 13.041 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (62.8%), Russia (8.8%), Brazil (7.3%), Canada (6.6%) and the US (6.3%)

- EU this season in period of Jul 1-June 13, 2016/17 exported 2.079 MMT of corn vs. 1.847 MMT a year ago. Top 5 export destinations in 2016/17 are Egypt (23.9%), Lebanon (11.9%), Turkey (9.9%), Libya (7.1%) and Vietnam (7.1%)

- EU this season in period of Jul 1-June 13, 2016/17 exported 4.995 MMT of barley vs. 10.007 MMT a year ago. Top 5 export destinations in 2016/17 are Saudi Arabia (47.2%), Tunisia (7.9%), China (6.6%), Jordan (5.7%) and Algeria (5.7%)

- EU this season in period of Jul 1-June 13, 2016/17 exported 2.78 MMT of malt in barley equivalent vs. 3.183 MMT a year ago. Top 5 export destinations in 2016/17 are Japan (11%), Vietnam (9.7%), Nigeria (5.8%), Brazil (4.5%) and US (3.4%)

- Strategie Grains cut its forecast of total EU barley production in 2017 by 1.6 MMT to 58 MMT, down 3% from last year (60 MMT in 2016)

- Strategie Grains trimmed its forecast for EU grain maize production in 2017 by 100,000 MT to 60 MMT, now unchanged from last year's harvest

- FranceAgriMer estimated France’s corn condition as of June 12 as 86% in good to excellent, down 1% point on the prior week but above the year-ago score of 73%

- FranceAgriMer said 65% of France’s winter barley crops were in good to excellent condition as of June 12, down 1% point from the prior week and below the year-ago score (73%). Spring barley rating was at 73% in good to excellent vs. 74% last week and vs. 86% a year ago

- Bulgarian farmers have sown 412,034 ha of corn as of June 8 vs. 419,825 ha a year ago

- Bulgaria's Sep-Mar 2016/17 corn exports are estimated at 827,200 MT, down 7.7% from year-ago

- Bulgaria's Jul-Mar 2016/17 barley exports are estimated at 279,300 MT, down 33.4% from year-ago

- Buenos Aires Grain Exchange maintains its forecast for Argentina's 2016/17 corn crop at 39 MMT, up 30% vs. 30 MMT in 2015/16. Harvesting of Argentine corn crop was 45% completed as of June 15 vs. last year’s pace of 35.3%

- Buenos Aires Grain Exchange forecasts Argentine 2016/17 sorghum crop at 3.2 MMT, down 6% from 2015/16 crop (3.4 MMT). Harvesting of Argentine sorghum crop was 71.7% completed as of June 15 vs. last year’s pace of 58.5%

SOYBEAN

- June 15 - Argentina registered for export 25,939 MT of soymeal and 5,098 MT of soybean oil

- Pakistan recently bought about 60,000 MT of Brazil or US soybeans

- Weekly US soybean export sales data for week ended June 8 totalled 654,200 MT (within trade estimates of 300-750 TMT), incl. 340,200 MT for 2016/17 and 314,000 MT for 2017/18. Export commitments for 2016/17 are running 20% ahead of year-ago

- NOPA said its members crushed 149.246 million bushels of soybeans during May, the second busiest May on record and more than expected (143.192 million bu – avg., 141.253-146.5 mln bu – range) but lower than a year-earlier. NOPA processors crashed 139.134 mln bu in April and 152.28 mln bu a year ago. Soyoil stocks rose to 1.749 billion lbs as of May 31 from 1.725 a month earlier, near the average expectations of 1.745 billion lbs but below last year’s level of 1.994 billion lbs. Soymeal exports decreased to 592,924 tons from 595,468 tons in April and vs. 682,500 tons a year-ago

- Argentina's Rosario grains exchange lifted its forecast of the country's 2016/17 soybean harvest to 57.3 MMT from 57 MMT previously

- Buenos Aires Grain Exchange kept its Argentina's 2016/17 soybean harvest estimate at 57.5 MMT, up 2.7% from 56 MMT in 2015/16. Harvesting of Argentine soybean crop was 94.5% completed as of June 15 vs. last year’s pace of 91.4%

- Malaysia will raise its crude palm export tax to 6.5% in July, up from 6.0% in June. Malaysia calculated a reference price of 2,890.04 MYR/mt (676 $/mt) for July

- Surveyor Intertek Testing Services estimated Malaysia's June 1-15 palm oil exports at 508,960 MT down 17.6% from a month ago

- Surveyor SGS estimated Malaysia's June 1-15 palm oil exports at 523,505 MT down 14.7% from a month ago

- EU this season in period of Jul 1-June 13, 2016/17 imported 13.165 MMT of soybeans vs. 13.802 MMT a year ago. Top 5 import origins in 2016/17 are the US (38.2%), Brazil (34.5%), Paraguay (9%), Canada (8%) and Ukraine (4%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 16.907 MMT of soymeal vs. 19.285 MMT a year ago. Top 5 import origins in 2016/17 are Argentina (46.5%), Brazil (39.1%), Paraguay (6.9%), India (1.9%) and US (1.4%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 258,926 MT of soybean oil vs. 304,553 MT a year ago. Top 5 import origins in 2016/17 are Serbia (25.3%), Ukraine (24.6%), Norway (23.7%), Russia (13.1%) and Paraguay (10%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 4.455 MMT of rapeseed vs. 3.259 MMT a year ago. Top import origins in 2016/17 are Australia (61.9%), Ukraine (20.7%) and Canada (15.5%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 169,356 MT of rapeseed meal vs. 394,630 MT a year ago. Top 5 import origins in 2016/17 are Russia (50.7%), Ukraine (29.6%), Canada (5.7%), China (4.9%) and Serbia (4.6%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 148,147 MT of rapeseed oil vs. 198,645 MT a year ago. Top 5 import origins in 2016/17 are Ukraine (44.2%), Russia (28.8%), Belarus (9.2%), Serbia (8%) and Canada (7.4%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 785,307 MT of sunflowerseed vs. 454,230 MT a year ago. Top 5 import origins in 2016/17 are Moldova (38.3%), Ukraine (15.7%), Argentina (15.6%), Serbia (8.6%) and Russia (7.7%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 3.35 MMT of sunflower meal vs. 3.041 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (68.3%), Argentina (15%), Russia (12.9%), Serbia (1.6%) and China (0.7%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 1.418 MMT of sunflower oil vs. 1.277 MMT a year ago. Top import origins in 2016/17 are Ukraine (91.2%), Moldova (4.3%) and Serbia (2.9%)

- EU this season in period of Jul 1-June 13, 2016/17 imported 5.509 MMT of palm oil vs. 6.398 MMT a year ago. Top 5 import origins in 2016/17 are Indonesia (51.3%), Malaysia (22.9%), Papua New Guinea (9.2%), Guatemala (5.1%) and Honduras (5.0%)

- Bulgarian farmers have sown 813,495 ha of sunflower as of June 8 vs. 752,517 ha a year ago

- Bulgaria's Sep-Mar 2016/17 sunflower exports are estimated at 460,800 MT, up 7% from year-ago. While imports increased to 167,500 MT

- Bulgaria's Jul-Mar 2016/17 rapeseed exports are estimated at 489,700 MT, up 69.6% from year-ago

- India imported 1.384 MMT of veg oils (edible & non-edible) in May vs. 1.339 MMT in April, up 35% from 1.025 MMT a year ago

- India imported 8.318 MMT of edible veg oils in Nov-May 2016/17 vs. 8.511 MMT in Nov-May 2015/16

- India imported 492,440 MT of crude palm oil in May vs. 511,139 MT in Apr and vs. 391,796 MT a year ago. India's Nov-May 2016/17 crude palm oil imports at 3.395 MMT vs. 3.351 MMT a year ago

- India imported 294,409 MT of RBD palmolein in May vs. 232,243 MT in Apr and vs. 261,159 MT a year ago. India's Nov-May 2016/17 RBD palmolein imports at 1.662 MMT vs. 1.587 MT a year ago

- India imported 340,365 MT of soybean oil in May vs. 304,942 MT in Apr and vs. 178,064 MT a year ago. India's Nov-May 2016/17 soybean oil imports at 1.69 MMT vs. 2.419 MMT a year ago

- India imported 154,938 MT of sunflower oil in May vs. 234,516 MT in Apr and vs. 150,449 MT a year ago. India's Nov-May 2016/17 sunflower oil imports at 1.34 MMT vs. 921,537 MT a year ago

- India imported 29,143 MT of rapeseed oil in May vs. 31,924 MT in Apr and vs. 18,718 MT a year ago. India's Nov-May 2016/17 rapeseed oil imports at 181,208 MT vs. 171,924 MT a year ago

- India's stock of edible oils at various ports and in pipelines as of June 1, 2017 increased to 2.16 MMT from 2.12 MMT a month ago, but below last year's 2.33 MMT. India's monthly requirement is about 1.75 MMT