WHEAT

- Jan 9 - Morocco’s ONICL tenders to buy 363,636 MT of EU soft wheat and 45,455 MT of EU durum wheat under preferential tariff quota for arrival by May 31

- Jan 8 - Morocco’s ONICL tenders to buy 363,636 MT of US soft wheat and 336,364 MT of US durum wheat under an annual preferential-tariff quota for arrival by May 31

- Dec 19 - Iraq seeks at least 50,000 MT of hard wheat from the US, Canada or Australia. The tender closes on Dec 19 and offers must remain valid up to Dec 24

- Dec 15 - Tunisia's state grains agency bought 50,000 MT of optional-origin durum wheat and 100,000 MT of soft wheat, 11.5%, for Feb 20-Mar 25 shipment:

  • 25,000 MT of soft milling wheat from Cofco at 206.29 $/mt c&f;
  • 25,000 MT of soft milling wheat from Cofco at 206.79 $/mt c&f;
  • 25,000 MT of soft milling wheat from Cofco at 207.29 $/mt c&f;
  • 25,000 MT of soft milling wheat from ADM at 207.08 $/mt c&f;
  • 25,000 MT of durum wheat from Mediterraneo at 297.69 $/mt c&f;
  • 25,000 MT of durum wheat from Casillo Commodities at 295.65 $/mt c&f;

- Dec 15 - USDA announced export sales of 130,000 MT of US soft red winter wheat for delivery to unknown destinations during 2017/18

- Dec 15 - South Korea’s Major Feedmill Group (MFG) bought 65,000 MT of optional-origin feed wheat at 214 $/mt c&f for arrival in mid-April in a private, non-tender deal

- Dec 14 - Japan bought 147,696 MT of food wheat for Jan-Feb shipments:

  • 16,286 MT of western white US wheat;
  • 48,450 MT of hard red winter US wheat;
  • 30,630 MT of dark northern spring US wheat;
  • 25,000 MT of Canadian western red spring wheat;
  • 27,330 MT of Australian standard white wheat

- Dec 13 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin milling wheat and re-tender on Dec 20

- Dec 12 - Egypt's GASC bought 295,000 MT of wheat from Russia (235 TMT) and Romania (60 TMT) for January 21-31 shipment:

  • 60,000 MT of Russian wheat from Friends/Union at 207.89 $/mt c&f (193.49 fob+14.4 freight);
  • 60,000 MT of Romanian wheat from Cerealcom at 208.00 $/mt c&f (194.43 fob+13.57 freight);
  • 60,000 MT of Russian wheat from Daewoo at 208.10 $/mt c&f (192.45 fob+15.65 freight);
  • 55,000 MT of Russian wheat from GTCS at 208.70 $/mt c&f (192.50 fob+16.20 freight);
  • 60,000 MT of Russian wheat from GTCS at 209.15 $/mt c&f (193.50 fob+15.65 freight)

- Egypt’s Ag Min issued a decision reaffirming its commitment to accepting wheat imports with up to 0.05% of the common grain fungus ergot

- Egypt's strategic wheat reserves are sufficient to last until the latter half of April

- Dec 12 - USDA announced export sales of 120,000 MT of US hard red winter wheat for delivery to Algeria during 2017/18

- Dec 12 - South Korea's Nonghyup Feed Inc. (Nofi) bought 65,000 MT of optional-origin feed wheat from Agrocorp at 215 $/mt c&f for Apr arrival

- Dec 13 - Brazil's government published a decree laying out procedures importers will have to follow to be able to buy and unload Russian wheat in Brazil

- CME's Black sea wheat, corn futures and also bitcoin futures open for trading

- Russia’s Ag Min said Russia exported about 24.5 MMT of grain between July 1-Dec 13, 2017/18, up by 34% from 18.283 MMT a year ago, including:

  • wheat – 19.074 MMT (14.317 MMT in 2016/17);
  • barley – 3.214 MMT (1.797 MMT);
  • corn – 2.054 MMT (2.051 MMT);
  • others – 158 TMT (119 TMT)

- Russia has 3,966,900 MT of grain in its federal intervention fund as of Dec 15 vs. 3,914,600 MT a year-ago

- Russian farmers harvested 88.14 MMT of wheat from 100% of the planned area as of Dec 15, up from 75.86 MMT a year ago. Yields totalled 3.22 mt/ha up from 2.79 mt/ha a year ago

- Russian farmers have planted 17.12 million hectares (98.4% of the planned area) of winter crops as of Dec 15, down vs. 17.37 mln ha a year ago

- Kazakhstan cut grain export forecast for 2017/18 marketing season to 8 MMT from 9 MMT. In the previous season, Kazakhstan exported 8.3 MMT of grain

- Weekly US wheat export sales data for week ended Dec 7 totalled 598,300 MT, incl. 588,800 MT for 2017/18 (topped trade expectations of 250-450 TMT). Export commitments for 2017/18 are running 9% behind of year-ago

- US wheat export inspections for week, ending Dec 7, recorded 316,867 MT, near the lower end of trade expectations (300-500 TMT). Inspections for 2017/18 are running 7.3% behind of year-ago

- Informa Economics lowered its estimate of US winter wheat plantings for harvest in 2018 to 31.093 million acres, from its month-ago figure of 31.923 million

- Ukraine's Ag Min said Ukraine exported 18.58 MMT of grain between July 1-Dec 14 2017/18 vs. 20 MMT for the same period last season, including:

  • wheat – 10.68 MMT (vs. 10.6 MMT a year ago);
  • corn – 4.06 MMT (5.21 MMT);
  • barley – 3.74 MMT (3.98 MMT)

- Strategie Grains lowered its monthly forecast for EU soft wheat exports this season to 22.3 MMT, down from 22.9 MMT estimated last month and 24.1 MMT exported in 2016/17. Strategie Grains forecasts EU countries to harvest 142.3 MMT of soft wheat in 2018, compared to 142.4 MMT in 2017

- FranceAgriMer estimated winter wheat planting 99% done as of Dec 4, in line with last year’s pace of 99%; crop condition is estimated as 95% in good to excellent, down 1% point from the prior week but above the year-ago score of 94%. Also French farmers have planted 92% of durum as of Dec 4 vs. 93% at the same time a year ago; crop condition is estimated as 82% in good to excellent, down 1% point from the prior week and below the year-ago score of 92%

- France's farm ministry lowered its estimate of the country's 2017 soft wheat crop to 37.01 MMT from 37.51 MMT forecasted in Nov with yields 7.35 mt/ha, up 34.3% from last year (27.56 MMT and 5.37 mt/ha in 2016) and 3.8% above the five-year average. The area sown with winter soft wheat for the 2018 harvest was estimated at 5.028 million hectares, virtually unchanged from this year's crop

- FranceAgriMer lowered its estimate of French soft wheat production in 2017/18 to 37.01 MMT from 37.51 MMT previously, up from 27.56 MMT in 2016/17. FranceAgriMer lowered its forecast for French soft wheat stocks at the end of the 2017/18 to 3.244 MMT from 3.325 MMT projected last month (2.944 MMT in 2016/17). Projected exports outside the EU were lowered from 9.9 to 9.5 MMT, but up 91.1% from 4.971 MMT in 2016/17, forecast of shipments within the EU was also lowered from 8.102 to 8.077 MMT, up 29% from 6.259 MMT in 2016/17

- Conab lowered its Brazil's 2017 wheat crop estimate to 4.299 MMT from 4.568 MMT in November, down vs. 6.727 MMT in 2016. They upped its estimate for wheat imports this year by 200 TMT to 7.2 MMT vs. 7.089 MMT in 2016

- Rosario grain exchange upped its forecast of Argentine 2017/18 wheat crop production by 1 MMT to 17.3 MMT

- Buenos Aires Grain Exchange forecasts Argentine 2017/18 wheat crop at 17 MMT, up 1.2% from 2016/17 crop (16.8 MMT). Harvesting of Argentine wheat crop was 58.3% completed as of Dec 13, ahead of last year’s pace of 56.7%

CORN

- Jan 23 - Iran's SLAL seeks up to 180,000 MT of corn from Brazil or Russia

- Dec 20 - Turkey's TMO seeks 156,000 MT of corn (13x12 TMT) for Jan 9-31 shipment

- Dec 20 - Turkey's TMO seeks 120,000 MT of barley (10x12 TMT) for Jan 9-31 shipment

- Dec 18 - USDA announced export sales of 168,000 MT of US grain sorghum for delivery to China during 2017/18

- Dec 15 - Tunisia's state grains agency bought 50,000 MT of feed barley for Feb 20-Mar 25 shipment:

  • 25,000 MT from Casillo at 207.69 $/mt c&f;
  • 25,000 MT from Casillo at 208.69 $/mt c&f

- Dec 15 - USDA announced export sales of 134,503 MT of US corn for delivery to Costa Rica during 2017/18

- Dec 15 - South Korea’s Major Feedmill Group (MFG) bought 69,000 MT of optional-origin corn at 186.99 $/mt c&f for arrival in mid-April in a private, non-tender deal

- Dec 14 - Taiwan's MFIG bought 52,000 MT of South African corn from ETG at a premium of 132.4 USc/bushel c&f over the Chicago May 2018 contract (around 191 USD/mt, c&f) + surcharge of 75 USc/mt for additional port unloading for Feb 21-March 12 shipment

- Dec 13 - 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 Dec 20

- Dec 13 - South Korea’s Major Feedmill Group (MFG) bought 67,000 MT of South American or US corn at 186.99 $/mt c&f for arrival in early April in a private, non-tender deal

- Dec 12 - USDA announced export sales of 152,000 MT of US corn for delivery to Mexico during 2017/18

- Dec 12 - South Korea's Nonghyup Feed Inc. (NOFI) bought 136,000 MT of US or South American corn in two consignments for April arrival:

  • 68 TMT from ADM at 188.17 $/mt c&f;
  • 68 TMT from CHS at a premium of 132 US cents/bu c&f over the Chicago March contract (about 188 $/mt c&f)

- Dec 12 - Jordan bought 50,000 MT of optional-origin feed barley Ameropa at 209.9 $/mt c&f for June 16-30 shipment

- Informa Economics trimmed its forecast of US 2018 corn plantings to 89.675 million acres from 91.415 million previously

- Weekly US corn export sales data for week ended Dec 7 of 866,900 MT for 2017/18 (within trade expectations of 0.7-1.1 MMT). Export commitments for 2017/18 are running 28% behind of year-ago

- US corn export inspections for week, ending Dec 7, reported 658,403 MT, within market expectations (550-800 TMT). Inspections for 2017/18 are running 41.6% behind of year-ago

- China’s Ag Min lowered its 2017/18 corn import forecast by 500 TMT to 1 MMT. China's Ag Min upped its 2017/18 corn output estimate to 215.89 MMT from 210.11 MMT in November, down 1.7% from last year crop (219.55 MMT in 2016/17), while consumption will be higher at 220.96 MMT, versus last month's forecast of 215.62 MMT (210.72 MMT in 2016/17)

- Conab trimmed its forecast of Brazil's 2017/18 corn crop to 92.223 MMT from 92.343 MMT in November, less than 97.843 MMT last season with second crop at 67.171 MMT (67.381 MMT in 2016/17). Conab expects Brazil to export 30 MMT of corn (30 MMT in 2016/17). Ending stocks are forecasted to rise to 23.55 MMT from 19.427 MT in 2016/17

- AgRural estimates the 2018 Brazil corn crop at 84.1 MMT, well below this year’s 97.6 MMT and the current USDA estimate of 95 MMT

- Buenos Aires Grain Exchange expects Argentina’s 2017/18 corn acreage at 5.4 mln ha (5.1 mln ha in 2016/17). Exchange estimates 45.3% of the crop has been planted as of Dec 13, behind of last year’s pace (57.4%)

- Buenos Aires Grain Exchange expects Argentine 2017/18 sorghum acreage at 830,000 ha, a 3.8% increase from last year (800,000 ha in 2016/17). Exchange estimates 52.1% of the crop has been planted as of Dec 13 vs. last year’s pace of 61.5%

- Strategie Grains forecasts EU corn production to rise 1% next year to 59.9 MMT

- Strategie Grains forecasts EU barley production to rise 6% next year to 62.2 MMT

- FranceAgriMer estimated winter barley condition as 96% in good to excellent as of Dec 4, unchanged from the prior week but above the year-ago score of 92%

- France's farm ministry raised estimate of the country's 2017 grain maize crop to 13.669 MMT (13.098 MMT in Nov) with yields 10 mt/ha, up 16.8% from last year (11.707 MMT and 8.41 mt/ha in 2016), but 6.5% below the five-year average

- France's farm ministry trimmed the country's 2017 barley production estimate to 12.186 MMT from 12.224 MMT in Nov, up 16.8% from last year (10.435 MMT in 2016) and 7% above the five-year average. French winter barley crop is estimated at 9.228 MMT (9.331 MMT forecasted in Nov and 8.389 MMT in 2016), while spring crop totals 2.958 MMT (2.894 MMT forecasted in Nov and 2.046 MMT in 2016). Winter barley sowings for the 2018 harvest were pegged at 1.357 million hectares, down 4.6% from this year's crop

- FranceAgriMer upped its estimate of France's 2017/18 corn crop to 13.233 MMT from 12.698 MMT previously and vs. 10.435 MMT last year. FranceAgriMer trimmed its forecast for French corn stocks at the end of the 2017/18 to 2.623 MMT from 2.704 MMT in Nov, up vs. 1.95 MMT in 2016/17. France's 2017/18 corn exports are forecasted at 5.213 MMT (5.178 MMT – previous forecast) vs. 4.691 MMT a year ago

- FranceAgriMer upped its forecast of France's 2017/18 barley ending stocks to 1.105 MMT from 944,000 MT in Nov and against 1.072 MMT in 2016/17. France's 2017/18 barley exports (without malt) is expected at 6.74 MMT (6.78 MMT – previous forecast) up 27.6% from 5.281 MMT a year ago

- Russian farmers harvested 12.82 MMT of corn from 85.5% of the planned area as of Dec 15, down from 14.94 MMT a year ago. Yields totalled 5.22 mt/ha vs. 5.87 mt/ha a year ago

- Russian farmers harvested 21.71 MMT of barley from 100% of the planned area as of Dec 15, up from 19.07 MMT a year ago. Yields totalled 2.79 mt/ha up from 2.35 mt/ha a year ago

- US Ethanol production for the week ended Dec 8 decreased by 19,000 barrels to 1,089,000 barrels per day, up 4.7% from last year's level of 1,040,000 bpd. Stocks fell by 170,000 barrels from the week prior to 22.374 million barrels, up 17.3% vs. 19.076 million barrels a year ago

- German agricultural trading group BayWa AG is expanding its UK activities by taking over grain trader Premium Crops Ltd. Premium Crops, previously owned by US company Technology Crops LLC, is a specialist in providing niche grains and oilseeds with fully traceable origins

SOYBEAN

- Dec 18 - USDA announced export sales of 396,000 MT of US soybeans for delivery to China during 2017/18

- Dec 15 - USDA announced export sales of 383,000 MT of US soybeans for delivery during 2017/18:

  • 257,000 MT to China;
  • 126,000 MT to unknown destinations

- Dec 14 - Egypt’s GASC bought 40,000 MT of soybean oil (30,000 MT at 808.5 $/mt c&f (with facilities 180 days) from ADM and 10,000 MT at 14,409 EGP/mt (808.5 $/mt) from Wataniya/Cargill) and 16,500 MT of sunflower oil at 786 $/mt c&f (with facilities 180 days) from Aston for Feb 1-15 delivery

- Dec 12 - South Korea’s Agro-Fisheries & Food Trade Corp bought a total 145,000 MT of non-GM soybeans from CJ International Asia for Jan-Aug 2019 arrival

- Dec 12 - USDA announced export sales of 168,300 MT of US soybeans for delivery to unknown destinations during 2017/18

- Informa Economics raised its forecast of US 2018 soybean plantings to 91.387 million acres from 89.627 million previously, a potential record high

- Weekly US soybeans export sales data for week ended Nov 30 of 1,565,800 MT, incl. 1,452,600 MT for 2017/18 (within the expectations of 1.4-2 MMT). Export commitments for 2017/18 are running 16% behind of year-ago

- US soybean export inspections for week, ending Dec 7, reported 1,229,817 MT, within trade estimates (1.1-1.6 MMT). Inspections for the 2017/18 marketing year are running 13.8% behind of year-ago

- NOPA said its members crushed 163.546 million bushels of soybeans during November, within the trade expectations (163.191 million bu – avg., 161-165 mln bu – range) and the highest for this month. NOPA processors crashed 164.242 mln bu in October and 160.752 mln bu a year ago. Soyoil stocks rose to 1.326 billion lbs as of Nov 30 from 1.224 a month earlier and vs. last year’s level of 1.339 billion lbs, above the average expectations of 1.269 billion lbs. Soymeal exports climbed to 896,145 tons from 643,199 tons in October and vs. 804,322 tons a year-ago; it is the largest monthly soymeal export volume since March

- Dec 13 - Argentina will put an 8% tax on biodiesel exports starting next year, the government said in its official gazette

- Buenos Aires Grain Exchange expects Argentina’s 2017/18 soybean acreage at 18.1 mln ha, down 5.7% from the previous crop year. About 63.5% of the crop has been planted as of Dec 13 vs. 66.5% this time last year

- Buenos Aires Grain Exchange estimates Argentina’s 2017/18 sunflower seed acreage at 1.75 mln ha (1.7 mln ha in 2016/17). About 100% of the crop has been planted as of Dec 13 vs. 100% this time last year

- Conab upped its forecast of Brazil's 2017/18 soy output to 109.183 MMT from 107.539 MMT compared to a record previous crop of 114.075 MMT. Conab expects Brazil to export 64 MMT of soybeans (66.5 MMT in 2016/17). Ending stocks are forecasted to fall to 2.373 MMT from 3.571 MMT in 2016/17

- France's farm ministry lifted its estimate for 2017 French rapeseed output to 5.377 MMT from 5.35 MMT in Nov, up 13.5% from last year (4.738 MMT in 2016) and 5.7% above the five-year average. In its first estimates of sowing trends for 2018, the ministry put the area sown with winter rapeseed at 1.537 million hectares, up 9.5% from the previous year

- France's farm ministry raised its estimate of the country's 2017 sunflower seed crop to 1.631 MMT (1.607 MMT in Nov) with yields 2.79 mt/ha, up 35.9% from last year (1.183 MMT and 2.18 mt/ha in 2016) and 14.8% above the five-year average

- France's farm ministry upped its estimate for 2017 French soybean crop to 420 TMT from 418 TMT in Nov with yields 2.97 mt/ha, up 23% from last year (342 TMT and 2.48 mt/ha in 2016) and 87.6% above the five-year average

- MPOB estimated Malaysian crude palm oil production in November at 1.943 MMT, in line with average expectation of 1.95 MMT and down 3.3% from 2.009 MMT in October with end-stocks at the highest level since Dec 2015 of 2.557 MMT, up 16% on month, and above the average market expectation of 2.44 MMT. Malaysian November palm oil exports rose by 12% to 1.354 MMT, below the average expectation of 1.45 MMT

- Surveyor Intertek Testing Services estimated Malaysia's December 1-15 palm oil exports at 596,862 MT down 9.6% from a month ago

- Surveyor SGS estimated Malaysia's December 1-15 palm oil exports at 581,254 MT down 10.7% from a month ago

- Malaysia will cut its crude palm oil export tax to 5.5% in January, down from 6% in December. Malaysia calculated a reference price of 2,623.31 MYR/mt for January

- GAPKI estimated Indonesia's October exports of palm oil and palm kernel oil at 2.6 MMT, down 6% from the previous month but up 8% compared to Oct 2016

- Russian farmers harvested 10.33 MMT of sunseed from 86.6% of the planned area as of Dec 15, down from 11.38 MMT a year ago. Yields totalled 1.53 mt/ha vs. 1.59 mt/ha a year ago

- Russian farmers harvested 3.71 MMT of soybeans from 96.3% of the planned area as of Dec 15, up from 3.17 MMT a year ago. Yields totalled 1.5 mt/ha vs. 1.55 mt/ha a year ago

- Russian farmers harvested 1.58 MMT of rapeseed from 100% of the planned area as of Dec 15, up from 1.08 MMT a year ago. Yields totalled 1.75 mt/ha vs. 1.21 mt/ha a year ago

- Russia produced 4.2 MMT of sunflower oil during the first eleven months of 2017, up 12% from the same period last year

- India imported 1.249 MMT of veg oils (edible & non-edible) in Nov vs. 1.167 MMT in Oct, up 6.3% from 1.175 MMT a year ago

- India imported 1.225 MMT of edible veg oils in Nov 2017, up 6% from Nov 2016 (1.156 MMT)

- India imported 559,584 MT of crude palm oil in November vs. 597,217 MT in October and vs. 557,364 MT a year ago

- India imported 147,362 MT of RBD palmolein in November vs. 147,441 MT in October and vs. 240,948 MT a year ago

- India imported 273,928 MT of soybean oil in November vs. 220,200 MT in October and vs. 164,286 MT a year ago

- India imported 193,810 MT of sunflower oil in November vs. 128,791 MT in October and vs. 158,071 MT a year ago

- India imported 40,609 MT of rapeseed oil in November vs. 37,468 MT in October and vs. 32,195 MT a year ago

- India's stock of edible oils at various ports and in pipelines as of Dec 1, 2017 fell to 2.267 MMT from 2.344 MMT a month ago, but above the last year's 1.825 MMT. India's monthly requirement is about 1.8 MMT