WHEAT

- Apr 8 - Iraq seeks at least 50,000 MT of hard wheat from the US, Canada or Australia. The tender closes on Apr 8 and offers must remain valid up to Apr 12

- Apr 5 - Philippines importers are seeking up to 224,000 MT of feed wheat for July-August shipment

- Apr 5 - Japan seeks 125,014 MT of food wheat for May-June shipments:

  • 15,865 MT of western white US wheat;
  • 18,775 MT of hard red winter US wheat;
  • 54,884 MT of Canadian western red spring wheat;
  • 35,490 MT of Australian standard white wheat

- Apr 3 - Algeria's OAIC bought around 330,000-390,000 MT of optional-origin soft wheat, likely mostly from France, at around 229-230 $/mt c&f for June shipment

- Apr 4 - Japan bought 24,860 MT of feed wheat for Sept 28 arrival via SBS-tender. New SBS tender for 120,000 MT of feed wheat and 200,000 MT of feed barley will be held on Apr 11

- Apr 3 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin milling wheat and retender on Apr 18

- Apr 3 - China sold 133,760 MT of wheat from state reserves or 6.5% of the offered amount at auction at average price of 2,450 RMB/mt (390 $/mt)

- Apr 3 - Argentina registered 202,590 MT of wheat for export

- US wheat export inspections for week, ending Mar 29, recorded 361,723 MT, within trade expectations. Inspections for 2017/18 are running 9% behind of year-ago

- USDA said that only 32% of the US winter wheat crop was in good to excellent condition as of April 1, down from 51% this time last year. It was the lowest rating for this point in the crop year since 2002

- Ukraine's Ag Min said Ukraine exported 30.77 MMT of grain between July 1-Apr 4 2017/18 vs. 33.85 MMT for the same period last season, including:

  • wheat – 14.02 MMT (vs. 14.43 MMT a year ago);
  • corn – 12.28 MMT (14.17 MMT);
  • barley – 4.14 MMT (4.88 MMT)

- Egypt's strategic wheat reserves are sufficient until July 15

CORN

- Apr 17 - Jordan seeks 100,000 MT of optional-origin feed barley

- Apr 4 - Argentina registered 408,216 MT of corn for export

- Apr 3 - Argentina registered 213,000 MT of corn for export

- US corn export inspections for week, ending Mar 29, reported 1,348,992 MT, within market expectations. Inspections for 2017/18 are running 26.7% behind of year-ago

- Dr. Michael Cordonnier lowered his forecast of Argentina’s 2017/18 corn crop this week by 1 MMT to 32 MMT

- FC Stone kept its forecast of Brazil's 2017/18 first corn crop (summer crop) at 23.37 MMT; second corn crop was raised to 63.09 MMT from 62.8 MMT in Mar and total corn crop at 86.46 MMT. Brazil's 2017/18 corn exports are seen at 30 MMT vs 30.84 MMT in 2016/17

- Brazil’s Trade Ministry reported March corn exports at 605,267 MT, down from 1.254 MMT in February but above the 243,004 MT in the year-ago month

- Ukraine's agriculture ministry expected the 2018 maize sowing area to reach 4.6 million hectares. The area under spring barley will reach 1.6 million hectares, while land sown with peas is expected to be 412,000 hectares

- Apr 2 - China has increased tariffs by 15-25% on 128 US products, as part of its response to US duties on aluminium and steel imports

SOYBEAN

- Apr 4 - Argentina registered for export 1.198 MMT of soymeal, 482,500 MT of soybeans, and 160,143 MT of soybean oil

- Apr 4 - USDA announced export sales of 454,000 MT of US soybeans for delivery:

  • 129,000 MT to China during 2018/19;
  • 325,000 MT to unknown destinations during 2017/18 (130 TMT) and 2018/19 (195 TMT)

- US soybean export inspections for week, ending Mar 29, reported 542,434 MT, within trade estimates. Inspections for the 2017/18 marketing year are running 11.7% behind of year-ago

- USDA estimated US January soybean crush for crude oil at 4.949 million short tons, a 5.6% decrease from January, slightly above the average market expectation and above last year level (4.542 mln tons in Feb 2017). Crude soyoil stocks rose to 2.05 billion lbs as of Feb 28 from 1.887 in Jan, above the 1.802 bln lbs a year ago, while refined oil stocks were at 375.738 million lbs as of Feb 28 vs. 353.056 in Jan and 411.556 in Feb 2017. Feb US soy cake and meal stocks were at 415,077 tons vs. 379,359 in Jan and vs. 372,404 tons a year-ago

- Brazil’s Trade Ministry reported March soybean exports at 8.814 MMT, up from 2.864 MT in February but below the 8.979 MMT a year ago. Also Brazil exported 1.323 MMT of soymeal in March versus 1.355 MMT the month before and 1.158 MMT a year ago; and 105,745 MT of soyoil compared to 125,641 MT in February and 101,637 MT a year ago

- FCStone raised its Brazilian soybean crop estimate by 2.7 MMT to 115.9 MMT. It projected soybean exports at 69.5 MMT for 2017/18, up 1.35 MMT from year-ago

- Dr. Michael Cordonnier lowered his forecast of Argentina’s 2017/18 soybean crop this week by 1 MMT to 40 MMT

- China will impose additional tariffs of 25% on 106 US products including soybeans

- Soybean farmers in China's northeastern provinces will get higher subsidies than corn producers this year

- Surveyor AmSpec Agri Malaysia estimated Malaysia's March 1-31 palm oil exports at 1,391,383 MT up 21.6% from a month ago

- Surveyor SGS estimated Malaysia's March 1-31 palm oil exports at 1,394,973 MT up 19.4% from a month ago