WHEAT

- Feb 23 - Tunisia's state grains agency seeks 50,000 MT of optional-origin durum wheat for Aug-Sept shipment

- Feb 22 - Tunisia's state grains agency bought 75,000 MT of soft wheat, 11.5%:

  • 25,000 MT of soft milling wheat from Ameropa at 204.99 $/mt c&f for Mar 25-Apr 5 shipment;
  • 25,000 MT of soft milling wheat from Ameropa at 204.99 $/mt c&f for Apr 5-15 shipment;
  • 25,000 MT of soft milling wheat from Soufflet at 214.94 $/mt c&f for Mar 25-Apr 5 shipment

- Feb 21 - Egypt's GASC bought 120,000 MT of wheat from Russia for March 22-April 1 shipment:

  • 60,000 MT of Russian wheat from AOS at 223.50 $/mt c&f (208.00 fob+15.50 freight);
  • 60,000 MT of Russian wheat from Friends at 223.50 $/mt c&f (208.00 fob+15.50 freight)

- Feb 20 - Algeria’s OAIC bought 340,000 MT of optional-origin milling wheat at 223-226 $/mt c&f for shipment in April-May (120 TMT from Casillo, 100 TMT from Soufflet, 60 TMT from Baywa and 60 TMT from Lecureur)

- Feb 20 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin milling wheat and re-tender on Feb 27

- Jordan Silos & Supply General Company again postponed closing date for the international tender for 50,000 MT of optional-origin milling wheat to Mar 5

- Ukraine's Ag Min said Ukraine exported 25.89 MMT of grain between July 1-Feb 21 2017/18 vs. 28.5 MMT for the same period last season, including:

  • wheat – 12.7 MMT (vs. 13.3 MMT a year ago);
  • corn – 9.08 MMT (10.38 MMT);
  • barley – 3.98 MMT (4.59 MMT)

- US wheat export inspections for week, ending Feb 15, recorded 422,298 MT, within trade expectations (325-575 TMT). Inspections for 2017/18 are running 4.6% behind of year-ago

- IKAR raised its forecast of Russia's 2017/18 wheat exports by 0.9 MMT to 37.5 MMT and upped its estimate for 2017/18 total grain export from 47.7 MMT to 48.6 MMT

- International Grains Council (IGC) left its estimate for world wheat production in 2017/18 at 757.1 MMT (753.9 MMT in 2016/17). Forecast of ending stocks was also almost unchanged at 254.5 MMT (240.2 MMT in 2016/17)

VEGETABLE OILS

- Feb 22 - USDA announced export sales of 110,000 MT of US soybeans for delivery to unknown destinations during 2017/18 (55 TMT) and 2018/19 (55 TMT)

- US soybean export inspections for week, ending Feb 15, reported 960,066 MT, within trade estimates (0.75-1.1 MMT). Inspections for the 2017/18 marketing year are running 13.4% behind of year-ago

- Argentina's Rosario grains exchange cut its forecast of the country's 2017/18 soybean harvest to 46.5 MMT from 52 MMT previously

- Buenos Aires Grain Exchange lowered its forecast for Argentina's 2017/18 soybean crop by 3 MMT to 47 MMT, down 18.3% vs. 57.5 MMT in 2016/17

- IGC lowered its estimate for 2017/18 global soybean production by 1.9 MMT to 347 MMT (349.9 MMT in 2016/17). IGC upped global 2017/18 soybean carryover to 44.1 MMT (45.8 MMT in 2016/17), up by 3.7 MMT from prior forecast