WHEAT

- Apr 3 - Jordan seeks 100,000 MT of optional-origin milling wheat for Aug-Sept shipment

- Mar 29 - Egypt’s GASC seeks an unspecified amount of wheat from global suppliers for April 28-May 8 shipment

CORN

- Mar 28 - South Korea’s Major Feedmill Group (MFG) purchased about 140,000 MT of optional-origin corn:

  • 70 TMT of corn from Pan Ocean at just over 214 $/mt c&f for Aug 26 arrival,
  • 70 TMT of corn from Dreyfus at just over 215 $/mt c&f for Sept 4 arrival

- Mar 28 - Taiwan's MFIG bought 65,000 MT of US corn from Mitsui at a premium of 166.99 USc/bushel c&f over the Chicago Sept contract (around 218.9 USD/mt, c&f) for May 27-June 15 shipment from the US Gulf, or June 11-30 shipment from the Pacific North West

- Mar 27 - South Korea's Feed Leaders Committee (FLC) has purchased in a private deal about 65,000 MT of US or South American corn from CJ International at 214.9 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Aug 30 arrival

- Mar 28 - 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 April 4

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 12.421 MMT from 12.223 MMT last month. It would be 26.2% less than last year (16.82 MMT in 2017) and just below average market expectations of 12.49 MMT

SOYBEAN

- Agroconsult projected Brazilian soybean exports in 2018 at a record 72 MMT, up from 68 MMT last season

- CEC raised S. Africa’s 2018 soybean crop forecast to 1.395 MMT from 1.375 MMT last month, up 6% from 1.316 MMT in 2017

- CEC upped S. Africa’s 2018 sunflower crop outlook to 749,205 MT from 731,505 MT in Feb, but it would be down 14.3% from 874,000 MT in 2017

- EU is reportedly considering banning palm oil in biodiesel. It could potentially leave Indonesia and Malaysia needing to find alternative markets for 2.6 MMT of palm oil