WHEAT

- Apr 19 - Japan bought 101,902 MT of food wheat for May-June shipments:

  • 20,702 MT of western white US wheat;
  • 19,975 MT of hard red winter US wheat;
  • 28,109 MT of dark northern spring US wheat;
  • 33,116 MT of Canadian western red spring wheat

- Apr 19 - Algeria's OAIC was seeking at least 50,000 MT of optional-origin durum wheat

- Apr 19 - Argentina registered 82,378 MT of wheat for export

- Apr 18 - Iraq purchased 100,000 MT of Australian hard wheat from Cargill at 298 $/mt c&f

- Apr 18 - Jordan bought 50,000 MT of optional-origin hard milling wheat from CHS at 224.8 $/mt c&f for August 1-15

- A flour mill in Indonesia this week bought about 30,000 MT of Black Sea-origin wheat, 11.5% protein, at 230 $/mt c&f for shipment in July

- Weekly US wheat export sales data for week ended Apr 12 totalled 173,500 MT (-66,900 MT for 2017/18 and 240,400 MT for 2018/19), within trade expectations of 100-500 TMT. Export commitments for 2017/18 are running 17% behind of year-ago

- Egypt has purchased 190,000 MT of locally-produced wheat since the season began last week (began on April 15 and ends on July 15)

- Russia’s Ag Min said Russia exported about 42.283 MMT of grain between July 1-Apr 18, 2017/18, up by 41.9% from 29.789 MMT a year ago, including:

  • wheat – 32.961 MMT (23.003 MMT in 2016/17);
  • barley – 4.69 MMT (2.43 MMT);
  • corn – 4.353 MMT (4.146 MMT)

- Russian Ag Min estimated spring grain planting 6.2% (or 1.91 million ha) done as of Apr 19 vs. 3.19 million ha a year ago. Russian farmers have sown 149,800 ha of spring wheat or 1.2% of planned area vs. 399,500 ha a year ago

- Russian grain stocks were at 32.894 MMT as of April 1, 2018, up 16% from a year earlier (28.368 MMT as of Apr 1, 2017). The data does not include grain stored at small farms

- Russia has 3,963,600 MT of grain in its federal intervention fund as of Apr 20 vs. 4,003,500 MT a year ago

- Ukrainian grain stocks were at 15.18 MMT as of April 1, down 1.1% from a year earlier, incl. 5.109 MMT of wheat (4.981 MMT a year ago), 1.017 MMT of barley (1.376 MT a year ago) and 8.18 MMT of corn (8.215 MMT a year ago). The data does not include grain stored at small farms

- EU this season in period of July 1-Apr 17, 2017/18 exported 15.62 MMT of soft wheat compared to 20.478 MMT a year ago

- Strategie Grains cut its monthly estimate for EU soft wheat exports this season to 20.3 MMT, down 900,000 MT from last month and 3.9 MMT below last season (24.2 MMT in 2016/17). Also Strategie Grains lowered its forecast for EU 2018/19 wheat exports to 24.1 MMT from 24.6 MMT last month. Strategie Grains trimmed its EU 2018 soft wheat crop forecast from 141.1 to 141 MMT

- FranceAgriMer said 78% of France’s soft wheat crops were in good to excellent condition as of Apr 15, unchanged from prior week but down vs. 85% a year ago

- Apr 18 - China sold 312,842 MT of wheat from state reserves or 15.6% of the offered amount (2,005,645 MT) at auction at average price of 2,397 RMB/mt (381 $/mt)

- 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. Forecast of wheat exports in current season 2017/18 (Dec17-Nov18) was raised to 12.2 MMT from 11.8 MMT in prior-month projection (12.81 MMT in 2016/17)

- Japan's March grain imports fell 6.4% on year to 2.229 MMT, incl. 1.643 MMT from the US (down by 2.4%)

CORN

- Apr 19 - Argentina registered 231,787 MT of corn for export

- Weekly US corn export sales data for week ended Apr 12 of 1,203,900 MT, incl. 1,091,700 MT for 2017/18 (within trade expectations of 0.7-1.4 MMT). Export commitments for 2017/18 are running 2% behind of year-ago

- Argentina's Ag Min forecasts 2017/18 corn production at 42 MMT, down 15% from 49.5 MMT in 2016/17. Forecast of corn exports in 2017/18 (Mar 2018-Feb 2019) set at 25 MMT vs. 25.65 MMT in previous season

- Argentina's Ag Min forecasts sorghum production at 1.8 MMT, down 28.9% from 2016/17 (2.53 MMT). Sorghum exports in 2017/18 (Mar 2018-Feb 2019) are expected at 300,000 MT (370,000 MT in 2016/17)

- EU in week ended Apr 13 awarded licenses to import 4,000 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 14.7% (90,565 MT) out of a total volume of 615,000 MT available in 2018

- EU this season in period of Jul 1-Apr 17, 2017/18 imported 13.82 MMT of corn (maize) vs. 9.327 MMT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 exported 976,638 MT of corn vs. 1.961 MMT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 exported 4.63 MMT of barley vs. 4.386 MMT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 exported 2.249 MMT of malt in barley equivalent vs. 2.359 MMT a year ago

- Strategie Grains raised its forecast of EU's 2018/19 corn production to 60.7 MMT from 60.5 MMT previously, up 2% from last year. Strategie Grains raised its forecast for 2017/18 maize imports in the bloc by 1.5 MMT to 16.8 MMT

- Strategie Grains lowered its forecast of EU's 2018/19 barley production from 62.0 to 61.8 MMT, up 6% from last year. Strategie Grains cut its estimate of EU 2017/18 barley exports by 200,000 MT to 6.75 MMT, but raised forecast for 2018/19 by 200,000 MT to 8.6 MMT

- FranceAgriMer said 73% of France’s winter barley crops were in good to excellent condition as of Apr 15, compared with 73% a week earlier and vs. 78% a year ago

- FranceAgriMer estimated spring barley planting 100% completed as of Apr 15 (96% a week-ago. Spring barley rating was at 81% in good to excellent vs. 81% last week and vs. 85% a year ago

- FranceAgriMer estimated corn planting 6% done as of Apr 15 (1% a week-ago), sharp behind of last year’s pace of 49%

- Apr 20 - China sold 2,885,935 MT of 2014 corn from state reserves, or 72.75% of the offered amount, at average price of 1,414 RMB/mt (225 $/mt)

- Apr 19 - China sold 2,696,088 MT of corn from state reserves, or 91.2% of the offered amount, at average price of 1,515 RMB/mt (242 $/mt)

- China's Ag Min expects 2018 corn output to increase 1% year-on-year to 218 MMT

- China's corn demand is expected to rise by 15 MMT to 225 MMT in 2018, according to China's starch industry association

- Several ships carrying cargoes of sorghum from the US to China have changed course since Beijing slapped hefty anti-dumping deposits on US imports of the grain

- Japan's use of corn in animal feed fell to 47.8% in February 2018, down 0.1% point from prior month but up by 1.9% point above year-ago level (45.9% in Feb 2017). Its use of barley rose to 3.5% from 3.4% month ago and 3.4% year ago; while wheat usage left at 1.7% (1.9% year-ago). Sorghum usage in feed rations declined to 2.1% in February (2.1% in Jan 2018) from 2.3% a year ago

- Ukraine’s Ag Min estimated early spring grain planting 77%, or 1.85 million ha done as of Apr 20, thereof:

  • 1.2 million ha of barley (or 78% of planned area);
  • 356,000 ha of peas (or 84%);
  • 125,000 ha of oats (or 61%);
  • 124,000 ha of wheat (or 70%)

- Ukrainian farmers have sown 327,000 ha of corn or 7% of planned area as of April 20

- Russian farmers have sown 677,900 ha of spring barley or 8.9% of planned area as of April 19 vs. 1.6 million ha a year ago

- Russian farmers have sown 504,700 ha of corn or 16.8% of planned area as of April 19 vs. 528,100 ha a year ago

SOYBEAN

- Apr 19 - Argentina registered for export 126,709 MT of soymeal, 60,000 MT of soybeans, and 20,671 MT of soybean oil

- Apr 17 - South Korea’s Agro-Fisheries & Food Trade Corp made no purchase in its tenders for a total 10,000 MT of non-GM soybeans for Jun-Oct arrival

- Weekly US soybeans export sales data for week ended Apr 12 of 2,131,400 MT (1,040,700 MT for 2017/18 and 1,090,700 MT for 2018/19), within market expectations of 1.4-2.2 MMT. Export commitments for 2017/18 are running 3% behind of year-ago

- Weekly US soymeal export sales data for week ended Apr 12 of 171,700 MT, incl. 164,900 MT for 2017/18 (within market expectations of 150-400 TMT). Export commitments for 2017/18 are running 8% ahead of year-ago

- China's Ag Min expects 2018 soybean output to increase 1.9% year-on-year to 15.18 MMT

- Argentine March soybean crush was reported at 3.04 MMT, up 28% from 2.38 MMT in February but down 9.5% from last year. In the first quarter of the year, the country crushed 8.15 MMT of soybean vs. 8.96 MMT in the same period last year

- Stocks of soymeal at Argentine mills totals 710,845 MT at the end of March 2018, down by 12.5% from a year-ago

- Stocks of soybean oil at Argentine mills totals 309,774 MT at the end of March 2018, up by 19.4% from a year-ago

- Argentine March sunflower crush was reported at 392,512 MT, up 99.8% from 196,424 MT in February but down 5.7% from last year. In the first quarter of the year, the country crushed 819 TMT of sunflower vs. 929 TMT in the same period last year

- Stocks of sunoil at Argentine mills totals 110,510 MT at the end of March 2018, up by 26.4% from a year-ago

- Stocks of sunflower meal at Argentine mills totals 65,103 MT at the end of March 2018, a 34.2% decrease from a year-ago

- Argentina's Ag Min forecasts soybean production at 37.6 MMT, down 31.6% from 2016/17 (55 MMT). Soybean exports in 2017/18 (Apr 2018-Mar 2019) are expected at 4 MMT (7.2 MMT in 2016/17)

- Argentina's Ag Min cut its forecast of sunflower seed crop in 2017/18 to 3.38 MMT from 3.4 MMT in Mar, down 4.8% from 3.55 MMT in 2016/17. Sunseed crush in 2017/18 (Jan-Dec 2018) was revised downward by 0.1 MMT to 3.3 MMT vs. 3.35 MMT previous season

- AgRural estimates 91% of Brazilian soybean crop has been harvested as of Apr 19 vs. 92% a year ago, ahead of the 90% five-year average

- Safras & Mercado projects this season Brazil soybean exports at 70.5 MMT, up 0.5 MMT over its March forecast and vs. 68.8 MMT previous season. They also expect Brazil soybean crush at 43 MMT, a 4% increase over last season

- Japan's March soybean imports rose 6.1% on year to 315,965 MT, incl. 281,649 MT from the US (up by 4.2%)

- Ukrainian sunflower stocks were at 3.513 MMT as of April 1, down 9.5% from a year earlier (3.881 MMT). The data does not include grain stored at small farms

- Ukrainian farmers have sown 788,000 ha of sunflower or 14% of planned area as of April 20

- Ukrainian farmers have sown 47,000 ha of soybeans or 2% of planned area as of April 20

- Russian farmers have sown 516,400 ha of sunflower or 6.8% of planned area as of April 19 vs. 835,000 ha a year ago

- Russian farmers have sown 47,500 ha of soybeans or 1.7% of planned area as of April 19 vs. 18,000 ha a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 imported 10.425 MMT of soybeans vs. 10.676 MMT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 imported 14.986 MMT of soymeal vs. 14.334 MMT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 imported 3.355 MMT of rapeseed vs. 3.339 MMT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 imported 420,117 MT of sunflowerseed vs. 729,015 MT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 imported 2.985 MMT of sunflower meal vs. 2.773 MMT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 imported 1.331 MMT of sunflower oil vs. 1.101 MMT a year ago

- EU this season in period of Jul 1-Apr 17, 2017/18 imported 4.975 MMT of palm oil vs. 4.778 MMT a year ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's April 1-20 palm oil exports at 931,758 MT up 2% from a month ago

- Surveyor SGS estimated Malaysia's April 1-20 palm oil exports at 909,388 MT down 1.8% from a month ago

- India imported 1.146 MMT of veg oils (edible & non-edible) in Mar vs. 1.157 MMT in Feb, up 3% from 1.114 MMT a year ago

- India imported 5.778 MMT of edible veg oils in Nov-Mar 2017/18, up 1.8% from the 2016/17 (5.674 MMT)

- India imported 591,985 MT of crude palm oil in March vs. 546,009 MT in February and vs. 454,213 MT a year ago. India's Nov-Mar 2017/18 crude palm oil imports at 2.979 MMT vs. 2.395 MMT a year ago

- India imported 163,222 MT of RBD palmolein in March vs. 202,409 MT in February and vs. 219,270 MT a year ago. India's Nov-Mar 2017/18 RBD palmolein imports at 770,581 MT vs. 1.136 MMT a year ago

- India imported 115,102 MT of soybean oil in March vs. 133,787 MT in February and vs. 229,853 MT a year ago. India's Nov-Mar 2017/18 soybean oil imports at 826,937 MT vs. 1.045 MMT a year ago

- India imported 210,269 MT of sunflower oil in March vs. 212,531 MT in February and vs. 181,868 MT a year ago. India's Nov-Mar 2017/18 sunflower oil imports at 1.024 MMT vs. 950,057 MT a year ago

- India's stock of edible oils at various ports and in pipelines as of Apr 1, 2018 fell to 2.112 MMT from 2.197 MMT a month ago, but above the last year's 1.913 MMT. India's monthly requirement is about 1.9 MMT