WHEAT

- Feb 23 - Tunisia's state grains agency bought 25,000 MT of optional-origin durum wheat at 288.25 $/mt c&f for Aug-Sept shipment

- A flour mill in Indonesia last week bought about 40,000 MT of Black Sea-origin wheat, 11.5% protein, at 230 $/mt c&f for shipment in April

- Feb 19 - UAE bought 30,000 MT of wheat (12.5% protein) from the EU, Russia or Ukraine at 230 USD/т C&F for Feb 25-Mar 15 shipment

- Russia’s Ag Min said Russia exported about 33.548 MMT of grain between July 1-Feb 21, 2017/18, up by 39.7% from 24.01 MMT a year ago, including:

  • wheat – 26.254 MMT (18.673 MMT in 2016/17);
  • barley – 3.983 MMT (2.01 MMT);
  • corn – 3.075 MMT (3.137 MMT)

- Russia has 3,966,700 MT of grain in its federal intervention fund as of Feb 22

- Weekly US wheat export sales data for week ended Feb 15 totalled 382,500 MT, incl. 328,900 MT for 2017/18 (within trade expectations of 250-500 TMT). Export commitments for 2017/18 are running 12% behind of year-ago

- According to TAXUD, the EU this season in period of July 1-Feb 20, 2017/18 exported 13.001 MMT of soft wheat compared to 16.086 MMT a year ago

- FranceAgriMer said 85% of France’s soft wheat crops were in good to excellent condition as of Feb 18, up from 84% week prior but down vs. 93% a year ago; durum rating at 79% in good to excellent vs. 81% a week-ago and vs. 85% a year-ago

- Argentina's Ag Min kept its estimate of 2017/18 wheat production at 18.5 MMT, up 0.6% from 18.39 MMT in 2016/17. Estimate of wheat exports in 2016/17 (Dec16-Nov17) was upped from 12.6 to 12.81 MMT and vs. 8.56 MMT in previous season. Forecast of wheat exports in current season 2017/18 was raised to 11.7 MMT from 11 MMT in prior-month projection

- China's January 2018 wheat imports down 37.2% on year to 212,048 MT, incl. 153,321 MT from Canada

VEGETABLE OILS

- Feb 23 - USDA announced export sales of 106,000 MT of US soybeans for delivery to unknown destinations during 2017/18 (40 TMT) and 2018/19 (66 TMT)

- Weekly US soybeans export sales data for week ended Feb 15 of 113,000 MT, incl. net sales cancellations of 109,100 MT for 2017/18 (sharp below market expectations of 600-900 TMT). Export commitments for 2017/18 are running 14% behind of year-ago

- EU this season in period of Jul 1-Feb 20, 2017/18 imported 8.111 MMT of soybeans vs. 8.497 MMT a year ago

- EU this season in period of Jul 1-Feb 20, 2017/18 imported 186,143 MT of soybean oil vs. 183,763 MT a year ago

- EU this season in period of Jul 1-Feb 20, 2017/18 imported 2.618 MMT of rapeseed vs. 2.485 MMT a year ago

- EU this season in period of Jul 1-Feb 20, 2017/18 imported 110,080 MT of rapeseed oil vs. 113,181 MT a year ago

- EU this season in period of Jul 1-Feb 20, 2017/18 imported 349,817 MT of sunflowerseed vs. 649,379 MT a year ago

- EU this season in period of Jul 1-Feb 20, 2017/18 imported 1.091 MMT of sunflower oil vs. 872,828 MMT a year ago

- EU this season in period of Jul 1-Feb 20, 2017/18 imported 4.073 MMT of palm oil vs. 3.873 MMT a year ago

- Argentina's Ag Min lowered its soybean acreage estimate for the 2017/18 to 16.5 million hectares from 16.75 mln ha in January, down 8.3% from 18 mln ha in 2016/17. Soybean exports forecast for 2016/17 (Apr 2017-Mar 2018) was lowered to 7.5 MMT from 8 MMT in Jan (9.1 MMT in 2015/16). Soybean crushing forecast was lowered, while ending stocks were upped

- Argentina's Ag Min forecasts sunflower seed crop in 2017/18 at 3.6 MMT, up 1.4% from 3.55 MMT in 2016/17. Sunseed crush in 2017/18 (Jan-Dec 2018) is expected to rise to 3.45 MMT from 3.35 MMT previous season

- Argentine January soybean crush was reported at 2.73 MMT, up 25% from 2.18 MMT in December but down 8% from last year

- Argentine January sunflower crush was reported at 233,791 MT, up from 108,423 MT in December but down 24% from last year

- Stocks of soybean oil at Argentine mills totals 173,901 MT at the end of January 2018, down by 28.3% from a year-ago

- Stocks of sunoil at Argentine mills totals 51,943 MT at the end of January 2018, down by 23.2% from a year-ago

- China imported 8.481 MMT of soybeans during January 2018 up 10.8% from year-ago (main suppliers: US (5.816 MMT) and Brazil (2.074 MMT))

- China's January 2018 soy oil imports fell 45.9% from year-ago levels to 19,364 MT

- China's January 2018 rapeseed imports down 5.3% on year to 372,692 MT

- China's January 2018 rapeseed oil imports rose by 19.8% on year to 96,839 MT

- China’s January 2018 palm oil imports down 12.5% on year to 468,129 MT

- China's January 2018 sunflower oil imports up 172.7% on year to 92,117 MT (main suppliers: Ukraine (53,129 MT) and Russia (33,443 MT))

- Surveyor Intertek Testing Services estimated Malaysia's February 1-25 palm oil exports at 1,064,823 MT up 5% from a month ago

- Surveyor SGS estimated Malaysia's February 1-25 palm oil exports at 1,076,563 MT up 4.3% from a month ago