WHEAT

- Jan 19 - Argentina registered 86,200 MT of wheat for export

- Jan 18 - Argentina registered 46,810 MT of wheat for export

- Jan 17 - Argentina registered 40,140 MT of wheat for export

- Jan 18 - Japan bought 91,733 MT of food wheat for Feb-Mar shipments:

  • 16,140 MT of western white US wheat;
  • 8,020 MT of dark northern spring US wheat;
  • 37,383 MT of Canadian western red spring wheat;
  • 30,190 MT of Australian standard white wheat

- Jan 17 - Algeria's OAIC bought around 100,000 MT of optional-origin durum wheat (mostly from Canada) at around 300-305 $/mt c&f for Feb 16-Mar 15 shipment

- Jan 17 - South Korea's Nonghyup Feed Inc. (Nofi) bought 65,000 MT of optional-origin feed wheat at 215.48 $/mt c&f plus a 1.20 $/mt surcharge for additional port unloading for May 5 arrival

- Jan 17 - Tunisia's state grains agency cancelled its tenders to buy 75,000 MT of optional-origin durum wheat for Mar 15-Apr 15 and 92,000 MT of soft wheat for Mar 25-Apr 25 shipment

- Russia’s Ag Min said Russia exported about 29.019 MMT of grain between July 1-Jan 17, 2017/18, up by 36.4% from 21.28 MMT a year ago, including:

  • wheat – 22.64 MMT (16.734 MMT in 2016/17);
  • barley – 3.644 MMT (1.899 MMT);
  • corn – 2.537 MMT (2.502 MMT)

- Russia has 3,966,700 MT of grain in its federal intervention fund as of Jan 19 vs. 4,052,000 MT a year-ago

- Weekly US wheat export sales data for week ended Jan 11 totalled 190,600 MT, incl. 153,100 MT for 2017/18 (below trade expectations of 200-500 TMT). Export commitments for 2017/18 are running 9% behind of year-ago

- According to TAXUD, the EU this season in period of July 1-Jan 16, 2017/18 exported 11.334 MMT of soft wheat compared to 13.912 MMT a year ago

- Strategie Grains lowered its monthly forecast for EU soft wheat exports this season to 21.6 MMT, down 750,000 MT from last month and 2.5 MMT below last season. Strategie Grains lowered its EU 2018 soft wheat crop forecast by 700 TMT down to 141.6 MMT

- International Grains Council (IGC) raised its estimate for world wheat production in 2017/18 to 757.4 MMT (754.5 MMT in 2016/17), up by 8.5 MMT from the previous forecast due to bigger crops in Canada, Australia, Russia, Argentina and the EU. Forecast of ending stocks was raised by 5.4 MMT to 254.4 MMT (240.6 MMT in 2016/17). World wheat production could decline by 2% in 2018/19 to 742 MMT, leading to the first drawdown in stocks in six years

- Bulgaria's Ag Min said Bulgaria exported 1.442 MMT of wheat via port Varna between July 3-Jan 14, 2017/18, up 10.1% from a year-ago (1.31 MMT)

- Bulgaria's July-October 2017 wheat exports are estimated at 2.756 MMT, up 16.6% from year-ago

CORN

- Jan 19 - Argentina registered 104,145 MT of corn for export

- Jan 18 - Argentina registered 50,290 MT of corn for export

- Jan 17 - Argentina registered 115,050 MT of corn for export

- Jan 18 - Taiwan's MFIG bought 65,000 MT of US corn from Columbia Grain at a premium of 144 USc/bushel c&f over the Chicago May 2018 contract (around 198 USD/mt, c&f) for March 6-25 shipment from the US Gulf, or March 21-April 9 shipment from the Pacific North West

- Jan 17 - South Korea's Nonghyup Feed Inc. (NOFI) bought 137,000 MT of corn from the US or South America in two consignments:

  • 68 TMT of corn at 193.95 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Apr 30 arrival;
  • 69 TMT of corn at 193.30 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for May 15 arrival

- Jan 17 -Tunisia's state grains agency cancelled its tender to buy 50,000 MT of optional-origin feed barley for Mar 25-Apr 15 shipment

- Weekly US corn export sales data for week ended Jan 11 of 1,890,700 MT, incl. 1,888,300 for 2017/18 (well above trade expectations of 500-800 TMT). Export commitments for 2017/18 are running 23% behind of year-ago

- EU in week ended Jan 12 awarded licenses to import 40,586 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 9.1% (56,268 MT) out of a total volume of 615,000 MT available in 2018

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 8.648 MMT of corn (maize) vs. 5.629 MMT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 exported 567,529 MT of corn vs. 1.392 MMT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 exported 2.674 MMT of barley vs. 2.422 MMT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 exported 1.529 MMT of malt in barley equivalent vs. 1.579 MMT a year ago

- IGC raised its forecast for the global corn crop in 2017/18 by 14.4 MMT to 1.054 billion tonnes (1.088 BMT in 2016/17), mostly reflecting higher crops for the EU, China, the US, Nigeria and Ethiopia. IGC upped its forecast for 2017/18 global corn carryover by 116.3 MMT from November to 321.8 MMT vs. 335.3 MMT in 2016/17 (an increase by 100.2 MMT from previous estimate), because of adjustments to historical figures for maize in China

- Japan's use of corn in animal feed rose to 47.2% in November 2017, up 0.1% point from prior month and by 1.4% point above year-ago level (45.8% in Nov 2016). Its use of wheat fell to 1.8% from 1.9% month ago and 1.9% year ago; while barley usage left at 3.5% (3.4% year-ago). Sorghum usage in feed rations declined to 2.1% in November (2.2% in October) from 2.5% a year ago

- Bulgaria's Ag Min said Bulgaria exported 296,291 MT of corn via port Varna between Sept 4-Jan 14, 2017/18, up 95.3% from a year-ago (151,710 MT)

- Bulgaria's Sept-Oct 2017 corn exports are estimated at 503,200 MT, up 0.7% from year-ago

- Bulgaria's Ag Min said Bulgaria exported 88,684 MT of barley via port Varna between July 3-Jan 14, 2017/18, up 537.3% from a year-ago (13,916 MT)

- Bulgaria's July-October 2017 barley exports are estimated at 225 TMT, up 30.7% from year-ago

- US Ethanol production for the week ended Jan 12 climbed by 65,000 barrels to 1,061,000 barrels per day, up 0.7% from last year's level of 1,054,000 bpd. Stocks rose by 24,000 barrels from the week prior to 22.743 million barrels, up 7.7% vs. 21.115 million barrels a year ago

SOYBEAN

- Jan 17 - USDA announced export sales of 130,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- Jan 17 - Argentina registered 165,300 MT of soymeal for export

- Weekly US soybeans export sales data for week ended Jan 11 of 1,527,900 MT, incl. 1,240,200 MT for 2017/18 (topped the expectations of 600-1000 TMT). Export commitments for 2017/18 are running 13% behind of year-ago

- IGC upped its estimate for 2017/18 global soybean production by 1.1 MMT to 348.9 MMT (350.0 MMT in 2016/17). IGC lowered global 2017/18 soybean carryover to 40.4 MMT (43.1 MMT in 2016/17), down by 0.7 MMT from prior forecast

- Jan 19 - China sold 54,684 MT of rapeseed oil from state reserves or 100% of the offered amount at auction at an average price of 6,255 RMB/mt (978 $/mt)

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 6.803 MMT of soybeans vs. 7.35 MMT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 10.637 MMT of soymeal vs. 10.033 MMT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 154,702 MT of soybean oil vs. 164,373 MT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 2.222 MMT of rapeseed vs. 1.713 MMT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 104,614 MT of rapeseed meal vs. 137,128 MT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 101,147 MT of rapeseed oil vs. 108,105 MT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 301,163 MT of sunflowerseed vs. 593,362 MT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 1.907 MMT of sunflower meal vs. 1.631 MMT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 969,369 MT of sunflower oil vs. 658,734 MMT a year ago

- EU this season in period of Jul 1-Jan 16, 2017/18 imported 3.372 MMT of palm oil vs. 3.285 MMT a year ago

- Russia plans to start supplying Syria with sunflower oil later this month via privately-held producer Solnechnye Produkty. The company said it would supply 6,000 MT of crude sunflower oil in bulk from the Azov Sea Yeisk port to Syria up to the end of January

- Bulgaria's Ag Min said Bulgaria exported 172,335 MT of sunflower via port Varna between Sept 4-Jan 14, 2017/18, up 234.6% from a year-ago (51,509 MT)

- Bulgaria's Sep-Oct 2017 sunflower exports are estimated at 195,700 MT, up 23% from year-ago score

- Bulgaria's July-October 2017 rapeseed exports are estimated at 375,600 MT, down 19.3% from year-ago