WHEAT

- July 26 - The lowest offer in Bangladesh’s tender for 50,000 MT of wheat came in at 256.97 $/mt CIF liner out from Aston. Other offers were from Midgulf at 258.50 $/mt and Agrocorp at 258.89 $/mt

- July 26 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin hard milling wheat for Dec shipment and may retender on Aug 2

- July 25 - Algeria's OAIC bought around 500,000 MT of optional origin milling wheat, mostly from France, with some from Lithuania and Estonia, at around 214-216 $/mt c&f for October shipment

- July 27 - China sold 13,720 MT of wheat from state reserves or 1.1% of the offered amount (1,220,796 MT) at auction at average price of 2,419 RMB/mt (359 $/mt)

- July 26 - Argentina registered 39,000 MT of wheat for export

- Weekly US wheat export sales data for week ended July 20 totalled 498,000 MT for 2017/18 (within trade expectations of 350-550 TMT). Export commitments for 2017/18 are running 2% ahead of year-ago

- Egypt's strategic wheat reserves stand at 4.6 MMT. The current wheat reserve level is enough to last 5-6 months

- Ukraine's Ag Min said Ukraine exported 1.8 MMT of grain between July 1-26, 2017/18, up 16.6% from 1.54 MMT for the same period last season, including:

  • wheat – 515 TMT (vs. 305 TMT a year ago);
  • corn – 763 TMT (399 TMT);
  • barley – 514 TMT (833 TMT)

- South Africa's Crop Estimates Committee (CEC) expects wheat plantings this year at 498,850 hectares, which would be down 1.9% from last year's acreage

- According to TAXUD, the EU this season in period of July 1-25, 2017/18 exported 642,448 MT of soft wheat compared to 2.203 MMT a year ago

- Bulgaria's Ag Min said Bulgaria exported 60,190 MT of wheat via port Varna between July 3-23, 2017/18, down 63.5% from a year-ago (165,042 MT)

- Farmers in Bulgaria harvested 4.514 MMT of wheat as of July 20, down 7.5% from last-year stage. Meanwhile yields on this stage totals 5.27 mt/ha, 9.6% higher than a year-ago

- International Grains Council (IGC) lowered its forecast for world wheat production in 2017/18 to 731.9 MMT (754.2 MMT in 2016/17), down by 3.2 MMT from the previous forecast, with revision upward for Russia and downward for Australia, Ukraine, Canada, EU and US. Forecast of global wheat ending stocks was decreased by 0.3 MMT to 240.9 MMT (243.9 MMT in 2016/17)

CORN

- July 27 - China sold a total 285,382 MT of corn from state reserves via auctions:

  • 11,745 MT of 2013 corn, or 2.2% of the offered amount (537,818 MT), at average price of 1,285 RMB/mt (191 $/mt);
  • 273,637 MT of 2014 corn, or 34.4% of the offered amount (795,932 MT) at average price of 1,407 RMB/mt (209 $/mt)

- July 27 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley for December shipment and may retender on Aug 3

- July 23 - Iran made no purchase in tender to buy 200,000 MT of corn for Aug-Oct shipment

- July 23 - Iran made no purchase in tender to buy 200,000 MT of barley for Aug-Oct shipment

- July 26 - Argentina registered 24,360 MT of corn for export

- Weekly US corn export sales data for week ended July 20 of 578,600 MT (within trade expectations of 400-900 TMT), incl. 92,000 MT for 2016/17 and 486,600 MT for 2017/18. Export commitments for 2016/17 are running 16% ahead of year-ago

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to a record high 15.969 MMT from 15.631 MMT last month. It would be 105% more than last year (7.779 MMT in 2016) and above an average of market expectations of 15.77 MMT

- EU this season in period of Jul 1-25, 2017/18 imported 978,481 MT of corn (maize) vs. 733,658 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 exported 19,926 MT of corn vs. 96,133 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 exported 161,590 MT of barley vs. 731,465 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 exported 146,046 MT of malt in barley equivalent vs. 210,027 MT a year ago

- Bulgaria's Ag Min said Bulgaria exported 206,584 MT of corn via port Varna between Sept 1-July 23, 2016/17, down 64.8% from a year-ago (586,673 MT)

- Bulgaria's Ag Min said Bulgaria exported 18,588 MT of barley via port Varna between July 3-23, 2017/18 vs. zero at this time last year

- Farmers in Bulgaria harvested 603,707 MT of barley as of July 20, down 15.3% from last-year stage. Meanwhile yields on this stage totals 4.76 mt/ha, 7.2% higher than a year-ago

- German Brewing Barley Association expects Germany's harvest of spring barley, largely used for malt and beer production, will fall 3.3% on the year to around 1.72 MMT

- IGC cut its forecast for the global corn crop in 2017/18 by 5.4 MMT to 1.02 billion tonnes (1.072 BMT in 2016/17), mostly reflecting a lower forecast for the US. IGC decreased its forecast for 2017/18 global corn carryover by 1 MMT from June to 197.5 MMT (231.6 MMT in 2016/17)

- US Ethanol production for the week ended July 21 fell by 14,000 barrels to 1,012,000 barrels per day, up 1.4% over last year's level of 998,000 bpd. Stocks fell by 608,000 barrels from the week prior to 21.529 million barrels, up 5.6% vs. 20.39 million barrels a year ago

SOYBEAN

- July 27 - USDA announced export sales of 264,000 MT of US soybeans for delivery to unknown destinations during 2016/17 (198 TMT) and 2017/18 (66 TMT)

- July 27 - South Korea’s KFA (Korea Feed Association) bought 55,000 MT of South American soymeal at 354.48 $/mt c& for Oct 7-26 shipment

- July 26 - Argentina registered for export 86,000 MT of soybeans, 10,000 MT of soymeal and 43,925 MT of soybean oil

- Weekly US soybean export sales data for week ended July 20 of 835,200 MT (within market estimates of 0.4-1.3 MMT), incl. 303,400 MT for 2016/17 and 531,800 MT for 2017/18. Export commitments for 2016/17 are running 17% ahead of year-ago

- IGC lowered its forecast for 2017/18 global soybean production by 3.5 MMT to 344.7 MMT (350.5 MMT in 2016/17), mostly reflecting lower forecasts for the US and Brazil. IGC trimmed global 2017/18 soybean carryover to 38.9 MMT (43.5 MMT in 2016/17), down by 1.7 MMT from prior month

- EU this season in period of Jul 1-25, 2017/18 imported 719,967 MT of soybeans vs. 1.176 MMT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 1.249 MMT of soymeal vs. 1.39 MMT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 16,466 MT of soybean oil vs. 16,093 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 90,981 MT of rapeseed vs. 30,075 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 6,555 MT of rapeseed meal vs. 11,616 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 3,426 MT of rapeseed oil vs. 3,461 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 15,399 MT of sunflowerseed vs. 49,498 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 253,835 MT of sunflower meal vs. 247,996 MT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 131,158 MT of sunflower oil vs. 107,149 MMT a year ago

- EU this season in period of Jul 1-25, 2017/18 imported 283,863 MT of palm oil vs. 345,290 MT a year ago

- Farmers in Bulgaria harvested 399,023 MT of rapeseed as of July 20, down 15,9% from last-year stage. Yields on this stage totals 2.83 mt/ha, 4.4% lower than a year-ago