WHEAT

- June 29 - Jordan bought 50,000 MT of optional-origin hard milling wheat from Ameropa at 216.96 $/mt c&f for Oct 16-31 shipment

- June 28 - Argentina registered for export 16,000 MT of wheat and 3,177 MT of wheat flour

- Wheat market has been supported as dry weather threatening to reduce US spring crop production

- Weekly US wheat export sales data for week ended June 22 totalled 492,100 MT for 2017/18 (within trade expectations of 350-550 TMT). Export commitments for 2017/18 are running 5% ahead of year-ago to start the season

- According to TAXUD, the EU this season in period of Jul 1-June 27, 2016/17 exported 23.27 MMT of soft wheat compared to 31.304 MMT a year ago. Top 5 export destinations in 2016/17 are Algeria (17.7%), Saudi Arabia (13.4%), Egypt (6.3%), Vietnam (6.3%) and Morocco (5.8%)

- Ukraine's Ag Min said Ukraine exported 43.41 MMT of grain between July 1-June 29, 2016/17, up 12.4% from 38.62 MMT for the same period last season, including:

  • wheat – 17.36 MMT (vs. 16.74 MMT a year ago);
  • corn – 20.41 MMT (17.27 MMT);
  • barley – 5.35 MMT (4.36 MMT)

- Ukrainian farmers harvested 28,000 MT of winter wheat as of June 29, down from 109,300 MT on June 30, 2016. Yields totalled 2.75 mt/ha versus 3.75 mt/ha a year ago

- Farmers in Bulgaria have started the 2017 grain harvest, threshing the first 624 MT of winter wheat as of June 22, down 98.9% from last-year stage

- Stats Canada estimates Canada’s 2017 total wheat plantings at 22.36 million acres (9.05 mln ha) down from April estimate of 23.18 and vs. average expected 22.7 million acres, also down 3.7% from 2016. The decrease was the result of a 15.9% drop in area seeded to durum wheat, which fell to 5.2 million acres in 2017

- International Grains Council (IGC) lowered its forecast for world wheat production in 2017/18 by 1 MMT to 735 MMT (754 MMT in 2016/17), while forecast of global wheat ending stocks was upped by 2 MMT to 241 MMT (242 MMT in 2016/17)

CORN

- July 4 - Jordan seeks 100,000 MT of optional-origin feed barley for Oct-Nov shipment

- June 29 - China sold 149,129 MT of 2013 corn from state reserves, or 12.7% of the offered amount (1,177,297 MMT), at average price of 1,335 RMB/mt (197 $/mt)

- June 28 - Argentina registered 50,000 MT of corn for export

- June 28 - 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 July 5

- Weekly US corn export sales data for week ended June 22 of 384,600 MT (below trade expectations of 450-850 TMT), incl. 316,200 MT for 2016/17 and 68,400 MT for 2017/18. Export commitments for 2016/17 are running 18% ahead of year-ago

- South Africa's Crop Estimates Committee (CEC) kept its forecast of corn output this year at a record high 15.631 MMT, unchanged from last month. It would be 101% more than last year (7.779 MMT in 2016) but below an average of market expectations of 15.82 MMT

- EU in week ended June 23 awarded licenses to import 3,375 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 95.71% (258,416 MT) out of a total volume of 270,000 MT available in 2017

- EU this season in period of Jul 1-June 27, 2016/17 imported 12.523 MMT of corn (maize) vs. 13.269 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (63.6%), Russia (8.8%), Brazil (6.8%), Canada (6.6%) and the US (6.1%)

- EU this season in period of Jul 1-June 27, 2016/17 exported 2.134 MMT of corn vs. 1.969 MMT a year ago. Top 5 export destinations in 2016/17 are Egypt (23.3%), Turkey (11.7%), Lebanon (11.6%), Libya (6.9%) and Vietnam (6.9%)

- EU this season in period of Jul 1-June 27, 2016/17 exported 5.116 MMT of barley vs. 10.588 MMT a year ago. Top 5 export destinations in 2016/17 are Saudi Arabia (48%), Tunisia (7.7%), China (6.5%), Jordan (5.6%) and Algeria (5.6%)

- EU this season in period of Jul 1-June 27, 2016/17 exported 2.905 MMT of malt in barley equivalent vs. 3.304 MMT a year ago. Top 5 export destinations in 2016/17 are Japan (10.9%), Vietnam (9.8%), Nigeria (5.9%), Brazil (4.3%) and US (3.4%)

- Ukrainian farmers harvested 282,600 MT of barley as of June 29, down from 1.06 MMT on June 30, 2016. Yields totalled 3.38 mt/ha versus 3.56 mt/ha a year ago

- Farmers in Bulgaria harvested 25,937 MT of barley as of June 22, down 91.3% from last-year stage

- Bulgaria's Ag Min said Bulgaria exported 201,836 MT of corn via port Varna between Sept 1-June 25, 2016/17, down 64.3% from a year-ago (565,073 MT)

- Stats Canada pegged Canada’s 2017 corn plantings at 3.58 million acres (1.45 mln ha) down from 3.75 in April and vs. average expected 3.6 million acres, but up 7.5% from 2016

- Stats Canada estimates Canada’s 2017 barley plantings at 5.77 million acres (2.33 mln ha) down from 5.88 in April and vs. average expected 6 million acres, also down 9.7% from 2016

- IGC lowered its forecast for the global corn crop in 2017/18 by 1 MMT to 1.025 billion tonnes (1.069 BMT in 2016/17). IGC raised its forecast for 2017/18 global corn carryover by 2 MMT from May to 199 MMT (228 MMT in 2016/17)

- US Ethanol production for the week ended June 23 rose by 25,000 barrels to 1,015,000 barrels per day, up 1.2% from last year's level of 1,003,000 bpd. While stocks fell by 442,000 barrels from the week prior to 21.838 million barrels, up 3.2% vs. 21.167 million barrels a year ago

SOYBEAN

- June 28 - Argentina registered for export 65,000 MT of soymeal and 50,000 MT of soybean oil

- Weekly US soybean export sales data for week ended June 22 of 314,400 MT (at the lower end of market estimates of 300-700 TMT), incl. 312,400 MT for 2016/17 and 2,000 MT for 2017/18. Export commitments for 2016/17 are running 17% ahead of year-ago

- Abiove raised its forecasts of Brazil's 2017 soybean crop from 112.5 to 113.2 MMT and exports from 61.7 to 63 MMT

- CEC raised S. Africa’s 2017 soybean crop forecast to 1.34 MMT from 1.233 MMT last month, up 80.6% from 742,000 MT in 2016

- CEC lowered S. Africa’s 2017 sunflower crop outlook to 821,970 MT from 853,470 MT in May, but it would be up 8.9% from 755,000 MT in 2016

- IGC kept its forecast for 2017/18 global soybean production at 348 MMT (351 MMT in 2016/17). IGC raised global 2017/18 soybean carryover to 41 MMT (44 MMT in 2016/17), up by 2 MMT from prior month

- Stats Canada estimates Canada’s 2017 soybean acreage at a record high 7.28 million (2.95 mln ha), up from 6.96 million acres in April, above an average of expectations for 7 million acres and up 33.2% from 2016

- Stats Canada estimates Canada’s 2017 canola plantings at a record high 22.84 million acres (9.24 mln ha), up from 22.39 million acres in April, above an average of expectations for 22.2 million acres and up 12.1% from 2016. Canola area has exceeded wheat (all varieties combined) for the first time ever

- EU this season in period of Jul 1-June 27, 2016/17 imported 13.777 MMT of soybeans vs. 14.341 MMT a year ago. Top 5 import origins in 2016/17 are Brazil (36.7%), the US (36.5%), Paraguay (9%), Canada (7.6%) and Ukraine (3.9%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 17.751 MMT of soymeal vs. 20.207 MMT a year ago. Top 5 import origins in 2016/17 are Argentina (47%), Brazil (38.3%), Paraguay (6.9%), India (1.8%) and US (1.3%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 280,457 MT of soybean oil vs. 318,682 MT a year ago. Top 5 import origins in 2016/17 are Norway (24.7%), Serbia (24.2%), Ukraine (23.9%), Russia (14.9%) and Paraguay (9.2%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 4.604 MMT of rapeseed vs. 3.388 MMT a year ago. Top import origins in 2016/17 are Australia (63%), Ukraine (20.2%) and Canada (15%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 174,814 MT of rapeseed meal vs. 397,047 MT a year ago. Top 5 import origins in 2016/17 are Russia (52.1%), Ukraine (28.7%), Canada (5.6%), China (4.8%) and Serbia (4.5%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 149,940 MT of rapeseed oil vs. 200,737 MT a year ago. Top 5 import origins in 2016/17 are Ukraine (43.8%), Russia (29.2%), Belarus (9.2%), Serbia (8%) and Canada (7.3%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 800,659 MT of sunflowerseed vs. 460,023 MT a year ago. Top 5 import origins in 2016/17 are Moldova (38.6%), Ukraine (15.8%), Argentina (15.3%), Serbia (8.5%) and Russia (7.8%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 3.578 MMT of sunflower meal vs. 3.207 MMT a year ago. Top 5 import origins in 2016/17 are Ukraine (67.1%), Argentina (15.1%), Russia (14.2%), Serbia (1.5%) and China (0.7%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 1.538 MMT of sunflower oil vs. 1.384 MMT a year ago. Top import origins in 2016/17 are Ukraine (91.7%), Moldova (4%) and Serbia (2.8%)

- EU this season in period of Jul 1-June 27, 2016/17 imported 5.813 MMT of palm oil vs. 6.633 MMT a year ago. Top 5 import origins in 2016/17 are Indonesia (51%), Malaysia (22.9%), Papua New Guinea (9.3%), Honduras (5%) and Guatemala (5%)