WHEAT

- Mar 15 - Egypt's GASC bought 240,000 MT of wheat from Russia (120 TMT) and Romania (120 TMT) for April 15-25 shipment:

  • 60,000 MT of Russian wheat from Aston at 233.36 $/mt c&f (216.97 fob+16.39 freight);
  • 60,000 MT of Russian wheat from GTCS at 233.39 $/mt c&f (217.00 fob+16.39 freight);
  • 60,000 MT of Romanian wheat from ADM at 234.04 $/mt c&f (218.79 fob+15.25 freight);
  • 60,000 MT of Romanian wheat from Cerealcom at 234.04 $/mt c&f (218.79 fob+15.25 freight)

- Mar 15 - Japan bought 119,610 MT of food wheat for Apr-May shipments:

  • 16,480 MT of western white US wheat;
  • 15,805 MT of hard red winter US wheat;
  • 59,730 MT of Canadian western red spring wheat;
  • 27,595 MT of Australian standard white wheat

- Mar 15 - Argentina registered 183,300 MT of wheat for export

- Weekly US wheat export sales data for week ended Mar 8 totalled 219,500 MT, incl. 162,800 MT for 2017/18 (below trade expectations of 250-500 TMT). Export commitments for 2017/18 are running 13% behind of year-ago

- Allendale projects all US wheat plantings at 46.889 million acres, above USDA forecast for 46.5 million and above 2017 planted area of 46.012 million acres

- EU in week ended Mar 9 awarded licenses to import 58,563 MT of common wheat under an annual duty-free quota open to other origins, excl. the US and Canada

- According to TAXUD, the EU this season in period of July 1-Mar 13, 2017/18 exported 13.873 MMT of soft wheat compared to 17.738 MMT a year ago

- Strategie Grains lowered its monthly estimate for EU soft wheat exports this season to 21.2 MMT, down 250,000 MT from last month and 2.9 MMT below last season (24.1 MMT in 2016/17). Meanwhile Strategie Grains raised its forecast for EU 2018/19 wheat exports to 24.6 MMT from 24.1 MMT last month. Strategie Grains lowered its EU 2018 soft wheat crop forecast from 141.7 to 141.1 MMT

- FranceAgriMer said 80% of France’s soft wheat crops were in good to excellent condition as of Mar 11, down from 81% week prior and down vs. 92% a year ago; durum rating at 77% in good to excellent vs. 75% a week-ago and vs. 81% a year-ago

- Germany's association of farm cooperatives forecasts country’s 2018 wheat crop at 24.21 MMT, a 1.1% decrease from last year

- Favourable weather bolsters chance of large grain crop in Russia, Ukraine

- IKAR raised its forecast of Russia's 2017/18 wheat exports by 1 MMT to 38.5 MMT

CORN

- Mar 16 - Argentina registered 250,827 MT of corn for export

- Mar 15 - Argentina registered 100,000 MT of corn for export

- Mar 14 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley

- Weekly US corn export sales data for week ended Mar 8 of 2,605,100 MT, incl. 2,505,100 MT for 2017/18 (topped trade expectations of 1.3-1.7 MMT). Export commitments for 2017/18 are running 4% behind of year-ago

- Allendale said US plantings of corn would decline to 88.514 million acres (36.4 mln ha), from 90.167 million in 2017 and vs. USDA’s forecast of 90 mln acres

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 11.997 MMT of corn (maize) vs. 7.794 MMT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 exported 817,438 MT of corn vs. 1.857 MMT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 exported 3.927 MMT of barley vs. 3.71 MMT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 exported 1.988 MMT of malt in barley equivalent vs. 2.084 MMT a year ago

- Strategie Grains raised its forecast of EU's 2018/19 corn production to 60.5 MMT from 60 MMT previously. Strategie Grains cut its forecast for 2018/19 maize imports in the bloc by 700,000 MT to 16.1 MMT, still 800,000 MT higher than last season

- Strategie Grains lowered its forecast of EU's 2018/19 barley production from 62.1 to 62.0 MMT. Strategie Grains also cut its forecast for EU 2018/19 barley exports by 800,000 MT to 8.4 MMT (6.9 MMT in 2017/18)

- FranceAgriMer said 78% of France’s winter barley crops were in good to excellent condition as of Mar 11, compared with 79% a week earlier and vs. 87% a year ago

- FranceAgriMer estimated spring barley planting 35% done as of Mar 11 (29% a week-ago), behind of last year’s pace of 39%

- Germany's association of farm cooperatives expects country’s 2017 corn crop at 4.27 MMT, a 6.1% drop from last year

- Germany's association of farm cooperatives expects increasing of country’s winter barley crop by 0.7% to 9.08 MMT this year and 13.5% rise of spring barley crop to 2.08 MMT

- Argentina's Rosario grains exchange lowered its estimate of the country's 2017/18 corn harvest to 32 MMT from 35 MMT previously

SOYBEAN

- Mar 16 - USDA announced export sales of 20,000 MT of US soybean oil for delivery to unknown destinations during 2017/18

- Mar 14 - Egypt’s GASC bought 37,000 MT of local soybean oil at 13,750 EGP/mt (780 $/mt) from Watanya/Cargill (15 TMT) and Alex Co. (22 TMT), also 29,500 MT of sunflower oil at 800 $/mt c&f (with facilities 180 days) for May 15-30 arrival from Aston (17.5 TMT) and from ADM (12 TMT)

- Weekly US soybeans export sales data for week ended Mar 8 of 1,347,000 MT, incl. 1,269,600 MT for 2017/18 (topped market expectations of 800-1200 TMT). Export commitments for 2017/18 are running 8% behind of year-ago

- Weekly US soymeal export sales data for week ended Mar 8 of 181,100 MT, incl. 173,300 MT for 2017/18 (within market expectations of 100-300 TMT). Export commitments for 2017/18 are running 2% ahead of year-ago

- NOPA said its members crushed 153.719 million bushels of soybeans during February, topped the higher end of trade expectations (149.443 million bu – avg., 145.175-153.443 mln bu – range). NOPA processors crashed 163.111 mln bu in January and 142.792 mln bu a year ago. Soyoil stocks climbed to 1.856 billion lbs as of Feb 28 from 1.728 a month earlier and vs. last year’s level of 1.77 billion lbs, above the average expectations of 1.766 billion lbs. Soymeal exports decreased to 755,103 tons from 860,416 tons in January and vs. 738,825 tons a year-ago

- Allendale said US 2018 plantings of soybeans would increase to a record 92.104 million acres, from 90.142 million in 2017 and more than the USDA’s forecast of 90 mln

- Argentina's Rosario grains exchange cut its forecast of the country's 2017/18 soybean harvest to 40 MMT from 46.5 MMT previously

- Surveyor AmSpec Agri Malaysia estimated Malaysia's March 1-15 palm oil exports at 595,536 MT down 2.1% from a month ago

- Surveyor SGS estimated Malaysia's March 1-15 palm oil exports at 604,034 MT down 4.9% from a month ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 8.953 MMT of soybeans vs. 9.35 MMT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 13.308 MMT of soymeal vs. 12.486 MMT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 197,152 MT of soybean oil vs. 202,251 MT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 2.919 MMT of rapeseed vs. 2.732 MMT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 129,886 MT of rapeseed meal vs. 160,058 MT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 116,861 MT of rapeseed oil vs. 117,853 MT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 375,793 MT of sunflowerseed vs. 677,377 MT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 2.594 MMT of sunflower meal vs. 2.295 MMT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 1.166 MMT of sunflower oil vs. 964,037 MMT a year ago

- EU this season in period of Jul 1-Mar 13, 2017/18 imported 4.38 MMT of palm oil vs. 4.215 MMT a year ago

- Germany's association of farm cooperatives forecast the country's 2018 winter rapeseed crop would rise 9.5% on year to 4.67 MMT