WHEAT

- July 13 - Jordan seeks 100,000 MT of optional-origin hard milling wheat for Nov-Dec shipment

- July 4 - Algeria's OAIC seeks at least 50,000 MT of optional-origin milling wheat for September shipment

- July 3 - USDA announced export sales of 140,000 MT of US wheat (70 TMT of hard red winter and 70 TMT of soft white) for delivery to unknown destinations during 2017/18

- July 3 - The lowest offer in Iraq’s tender for 50,000 MT of hard wheat came in at 318.77 $/mt c&f free out for Australian wheat. The lowest offer for US wheat was 319.07 $/mt c&f free out but the offer was valid for July 3 only. The lowest offers for validity up to July 9 were 320.77 to 324.07 $/mt c&f free out. The tender closed on July 3 and offers must remain valid up to July 9

- UN recently bought 40,000 MT of Ukrainian wheat for donation to east Africa for shipment in early August

- June 29 - Argentina registered for export 185,667 MT of wheat and 4,213 MT of wheat flour

- USDA said US all-wheat plantings fell to a record low of 45.657 million acres (18.48 mln ha), below an average of analysts' forecasts for 46.07 million and the agency's March estimate of 46.059 million

- USDA pegged US June 1 wheat stocks at 1.184 billion bushels (32.234 MMT), ahead of expectation (1.137 - average, 0.968-1.185 – range) and up from 976 million bu a year earlier

- US wheat export inspections for week, ending June 29, recorded 505,031 MT, within pre-report expectations. Inspections for 2017/18 are running 22.6% ahead of year-ago

- FranceAgriMer said 65% of France’s soft wheat crops were in good to excellent condition as of June 26, down 3% point from the prior week and vs. 65% a year ago; durum rating at 60% in good to excellent vs. 60% a week-ago and vs. 55% a year-ago. French farmers harvested 24% of the durum as of June 26 vs. 1% a week ago and 5% a year ago. They also started harvesting of soft wheat with 4% collected as of June 26 (0% a year ago)

- German association of farmers DBV forecasts Germany's 2017 winter wheat crop at 24.513 MMT, up 1.8% from year-ago (24.09 MMT in 2016)

- European Commission (EC) trimmed its estimate for 2017 EU soft wheat crop to 138.861 MMT from 141.282 MMT last month, but up from 134.36 MMT last year. EU's executive lowered its EU soft wheat exports forecast by 2.422 MMT to 26.5 MMT in 2017/18, still above the 24.562 MMT in 2016/17. Soft wheat inventories in the region are forecasted to fall to 10.848 MMT (11.389 MMT – previous estimate) by the end of June 2018, less than 11.189 MMT estimated for 2016/17

- Russia’s Ag Min said Russia exported about 35.082 MMT of grain between July 1-June 28, 2016/17, up by 3.8% from 33.799 MMT a year ago, including:

  • wheat – 26.823 MMT (24.53 MMT a year ago);
  • barley – 2.935 MMT (4.227 MMT);
  • corn – 5.047 MMT (4.697 MMT);
  • others – 277 TMT (345 TMT)

- Russia has 4,000,300 MT of grain in its federal intervention fund as of June 30 vs. 3,266,300 MT a year-ago

- Russian farmers harvested 1.17 MMT of all grains as of July 3, down from 5.97 MMT a year ago. Yields totalled 4.42 mt/ha up from 4.27 mt/ha a year ago

- Ukrainian Ag Min said Ukraine's grain exports totalled record high of 43.8 MMT in 2016/17July-June season

- 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 64.7% of the crop has been planted as of June 29 vs. 61.5% this time last year

- Syrian wheat crop may fall this year to about 1 MMT, far short of government forecast of 2 MMT

- India would accept cargoes without being fumigated with methyl bromide at the country of origin until start of 2018

CORN

- July 3 - USDA announced export sales of 114,300 MT of US corn for delivery to Mexico during 2017/18 (22,860 MT) and 2018/19 (91,440 MT)

- June 30 - China sold 2,633,163 MT of 2013, 2014 corn from state reserves, or 75.9% of the offered amount (3,468,430 MMT), at average price of 1,408 RMB/mt (208 $/mt)

- June 29 - Argentina registered 272,160 MT of corn for export

- USDA said farmers planted 90.886 million acres (36.78 mln ha) of corn, up 890,000 acres from the government's March forecast. Analysts had been expecting corn plantings of 89.903 million acres

- USDA said US corn inventories as of June 1 were the biggest since 1987 at 5.225 billion bushels (132.731 MMT), above trade expectations for 5.123 billion bushels (4.69-5.36 – range)

- US corn export inspections for week, ending June 29, reported 1,094,280 MT, topped market forecasts (0.85-1.05 MMT). Inspections for 2016/17 are running 38.9% ahead of year-ago

- FranceAgriMer estimated France’s corn condition as of June 26 as 82% in good to excellent, down 2% points on the prior week but well above the year-ago score of 68%

- FranceAgriMer said 61% of France’s winter barley crops were in good to excellent condition as of June 26, down 3% points from the prior week and below the year-ago score (62%). Spring barley rating was at 65% in good to excellent vs. 66% last week and vs. 71% a year ago. Harvesting of winter barley was under way, with 48% of the crop cut by June 26 (5% a week ago), well above the 3% harvest progress a year ago

- German association of farmers DBV expects German farmers to harvest this year 0.4% less winter barley, largely used for animal feed, with a crop of 8.924 MMT (8.959 MMT in 2016) and 4.3% more spring barley, used for beer and malt production, with 1.847 MMT (1.771 MMT in 2016)

- German association of farmers DBV forecasts Germany’s 2017 grain maize (corn) crop to drop 5.8% to 3.787 MMT (4.018 MMT in 2016)

- EC cut its 2017 EU corn harvest forecast to 62.063 MMT from 64.175 MMT last month (60.609 MMT in 2016). Projected imports in new season were upped from prior month by 250,000 MT to 12.25 MMT (12.46 MMT in 2016/17). EC raised its estimate for 2016/17 corn ending stocks to 14.705 from 11.256 MMT previously and increased expected stocks at the end of 2017/18 to 13.172 MMT from 10.162 MMT in May

- EC cut its 2017 EU barley harvest outlook to 57.041 MMT from 59.508 MMT last month, down from 59.593 MMT in 2016. Projected exports in new season were kept unchanged from prior month at 7 MMT (8.097 MMT in 2016/17). EC raised its forecast for 2017/18 barley ending stocks to 6.401 MMT from 5.4 MMT previously and vs. 5.979 MMT in 2016/17

- 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 51% completed as of June 29 vs. last year’s pace of 41%

- 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 75.7% completed as of June 29 vs. last year’s pace of 66.4%

- EIA estimated US ethanol production for April at 29.5 million barrels versus 32.161 million barrels in March and vs. 28.059 million barrels a year ago

- EIA reported April ethanol inventory at 23.593 million barrels, which is down 0.7% from March but up 12.4% from last year

- Indian farmers increased summer crop planting by about 19% so far, from the same period last year. Pulses planting was up 44% compared with the same time last year, to 1.88 million ha. Summer crop planting began a month ago and will continue until October

SOYBEAN

- July 3 - USDA announced export sales of 120,650 MT of US soybean cake and meal for delivery to Mexico during 2017/18 (92,540 MT) and 2018/19 (28,110 MT)

- July 2 - Egypt’s GASC bought 20,000 MT of soybean oil from Alexseeds at 780 $/mt c&f for August 15-30 shipment

- June 29 - Argentina registered for export 160,000 MT of soybeans, 643,649 MT of soymeals and 127,276 MT of soybean oil

- June 29 - Argentina registered for export 26,252 MT of sunflower oil

- USDA’s estimate for soybean plantings came in at 89.513 million acres (36.22 mln ha), compared with the 89.482 million acres predicted in March, but behind of average expectations for 89.75 million acres

- USDA pegged US June 1 soybean stocks at 963 million bushels (26.219 MMT), the biggest in 10 years, but below trade expectations for 983 million (870-1119 – range)

- US soybean export inspections for week, ending June 29, reported 266,386 MT, within market expectations. Inspections for the 2016/17 marketing year are running 17.6% ahead of year-ago

- EIA said US April biodiesel production at 127 million gallons vs. 116 million gallons in March and vs. 120 million gallons a year ago

- EIA said 427 million lbs. of soybean oil used for biodiesel in April (45% of feedstock used to produce biodiesel) vs. 369 million lbs. in March and vs. 415 million lbs. a year ago

- 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 98.7% completed as of June 29 vs. last year’s pace of 96.4%

- German association of farmers DBV forecasts Germany’s 2017 winter rapeseed harvest to rise 1.8% to 4.658 MMT (4.574 MMT in 2016)

- EC lowered its 2017 EU rapeseed harvest forecast to 21.716 MMT from 21.89 MMT in May, up 10.3% from 19.685 MMT in 2016

- EC increased its 2017 EU soybean harvest view to 2.536 MMT from 2.295 MMT last month, up 2.2% from 2.481 MMT in 2016

- EC trimmed its 2017 EU sunflower crop forecast to 9.027 MMT from 9.133 MMT in May, up 5.2% from 8.578 MMT in 2016

- Strategie Grains lowered its 2017 EU rapeseed crop forecast to 21.12 MMT from 21.35 MMT previously but up 4.2% from the 2016 harvest (20.28 MMT)

- Strategie Grains cut its 2017 EU sunflower crop forecast to 8.36 MMT from 8.54 MMT in May, but still up 1% from the 2016 harvest (8.26 MMT)

- Strategie Grains raised its 2017 EU soybean crop forecast to 2.58 MMT from 2.56 MMT last month, up 4.3% from the 2016 harvest (2.47 MMT)

- Surveyor Intertek Testing Services estimated Malaysia's June 1-30 palm oil exports at 1,190,583 MT down 8.9% from a month ago

- Surveyor SGS estimated Malaysia's June 1-30 palm oil exports at 1,210,359 MT down 7.6% from a month ago