WHEAT

-Ethiopia has reduced the volume in an international tender to purchase milling wheat to 200,000 MT from 400,000 MT previously announced. The tender deadline has been delayed from May 18 to May 25. Shipment is two months after contract award

- May 17 - The lowest offers in Ethiopian tender for 35,000 MT of optional origin wheat, 11.5%, came at 295 $/mt CIP

- May 23 - Jordan seeks 120,000 MT of optional-origin milling wheat

- Pakistan Agricultural Storage and Services Corporation (PASSCO) has issued a tender to export 500,000 MT of wheat under a new government export subsidy programme

- Iraq purchased 100,000 MT of hard wheat from ADM: 50,000 MT of Australian wheat at 311.68 $/mt c&f and 50,000 MT of US wheat at 319.99 $/mt c&f. The tender had closed on May 14 with offers remaining valid until May 20

- May 18 - Argentina registered 58,000 MT of wheat for export

- May 18 - South Korea's Nonghyup Feed Inc. (Nofi) bought 63,000 MT of optional-origin feed wheat from Posco Daewoo at 222.99 $/mt c&f including surcharge for unloading in a second port and plus a 1.5 $/mt surcharge for third port unloading for Nov 10 arrival

- May 17 - South Korea's Feed Leaders Committee (FLC) purchased in a private deal about 65,000 MT of optional-origin feed wheat from Olam at 222.99 $/mt c&f including surcharge for additional port unloading for shipment in September-early October and arrival in South Korea around Nov 5

- May 17 - South Korea's Major Feedmill Group (MFG) purchased 130,000 MT of optional-origin feed wheat from Bunge in two consignments of 65,000 MT at 223.29 $/mt c&f including a surcharge for additional port unloading for Oct 20 arrival and 223.95 $/mt c&f including a surcharge for additional port unloading for Nov 20 arrival

- May 17 - Japan bought 89,937 MT of food wheat for June-July shipments:

  • 20,042 MT of western white US wheat;
  • 13,950 MT of dark northern spring US wheat;
  • 30,730 MT of Canadian western red spring wheat;
  • 25,215 MT of Australian standard white wheat

- Weekly US wheat export sales data for week ended May 10 totalled 194,800 MT, incl. 63,100 MT for 2017/18 (within trade expectations for 0-200 TMT) and 131,700 MT for 2018/19 (within trade expectations for 100-300 TMT). Export commitments for 2017/18 are running 16% behind of year-ago

- Russia’s Ag Min said Russia exported about 46.6 MMT of grain between July 1-May 16, 2017/18, up by 44.6% from 32.23 MMT a year ago, including:

  • wheat – 36.237 MMT (24.873 MMT in 2016/17);
  • barley – 5.157 MMT (2.666 MMT);
  • corn – 4.899 MMT (4.459 MMT)

- Russia has 3,963,600 MT of grain in its federal intervention fund as of May 18 vs. 3,999,700 MT a year ago

- Russian Ag Min estimated spring grain planting 49.3% (or 15.29 million ha) done as of May 18 vs. 17.38 million ha a year ago. Russian farmers have sown 4.02 million ha of spring wheat or 31.1% of planned area vs. 5.34 million ha a year ago

- Kazakh farmers planted 3.31 million ha of spring cereals crops as of May 19 vs. 3.94 million ha a year ago

- EU this season in period of July 1-May 15, 2017/18 exported 17.746 MMT of soft wheat compared to 22.255 MMT a year ago

- FranceAgriMer said 78% of France’s soft wheat crops were in good to excellent condition as of May 13, unchanged from prior week and vs. 75% a year ago

- Bulgaria's Ag Min said Bulgaria exported 1.728 MMT of wheat via port Varna between July 3-May 13, 2017/18, up 8.5% from a year-ago (1.593 MMT)

- Bulgaria's July-February 2017/18 wheat exports are estimated at 3.758 MMT, down 2.5% from year-ago

CORN

- May 18 - Argentina registered 60,988 MT of corn for export

- May 16 - Argentina registered 50,000 MT of corn for export

- May 18 - China sold 3,279,224 MT of corn from state reserves, or 52.8% of the offered amount, at average price of 1,465 RMB/mt (230 $/mt)

- May 17 - China sold 1,426,523 MT of corn from state reserves, or 80.5% of the offered amount, at average price of 1,488 RMB/mt (234 $/mt)

- Weekly US corn export sales data for week ended May 10 of 1,114,900 MT, incl. 985,700 MT for 2017/18 (near the upper end of trade expectations of 0.7-1.0 MMT) and 129,200 MT for 2018/19 (within expectations of 50-200 TMT). Export commitments for 2017/18 are running unchanged versus a year ago

- Safras & Mercado lowered its forecast of total corn production in Brazil to 79 MMT from its previous estimate of 83 MMT

- Japanese grain buyers have bought at least three vessels carrying a total of 150,000-180,000 MT of US sorghum since mid-April

- China's Commerce Ministry was halting its anti-dumping investigation into imports of sorghum from the United States

- Japan's use of corn in animal feed kept at 47.8% in March 2018, unchanged from prior month but up by 2.1% point above year-ago level (45.7% in Mar 2017). Its use of barley fell to 3.4% from 3.5% 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 March (2.1% in Feb 2018) from 2.3% a year ago

- EU this season in period of Jul 1-May 15, 2017/18 imported 14.973 MMT of corn (maize) vs. 10.367 MMT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 exported 1.166 MMT of corn vs. 2.169 MMT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 exported 5.025 MMT of barley vs. 4.866 MMT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 exported 2.456 MMT of malt in barley equivalent vs. 2.566 MMT a year ago

- FranceAgriMer said 75% of France’s winter barley crops were in good to excellent condition as of May 13, compared with 74% a week earlier and vs. 67% a year ago. Spring barley rating was at 77% in good to excellent vs. 78% last week and vs. 78% a year ago

- FranceAgriMer estimated corn planting 86% done as of May 13 (74% a week-ago), behind of last year’s pace of 97%

- Ukrainian farmers have sown 4.3 million ha of corn or 94% of planned area as of May 18

- Ukraine’s Ag Min estimated early spring grain planting 95%, or 2.3 million ha done as of May 18, thereof:

  • 1.5 million ha of barley (or 94% of planned area);
  • 415,000 ha of peas (or 98%);
  • 187,000 ha of oats (or 91%);
  • 166,000 ha of wheat (or 95%)

- Russian farmers have sown 5.36 million ha of spring barley or 70.2% of planned area as of May 18 vs. 5.49 million ha a year ago

- Russian farmers have sown 2.19 million ha of corn or 72.8% of planned area as of May 18 vs. 2.48 million ha a year ago

- Bulgaria's Ag Min said Bulgaria exported 396,489 MT of corn via port Varna between Sept 4- May 13, 2017/18, up 131.4% from a year-ago (171,336 MT)

- Bulgaria's Sept-Feb 2017/18 corn exports are estimated at 790,600 MT, virtually unchanged from year-ago

- Bulgaria's Ag Min said Bulgaria exported 95,476 MT of barley via port Varna between July 3-May 13, 2017/18, up 449.4% from a year-ago (17,379 MT)

- Bulgaria's July-February 2017/18 barley exports are estimated at 297.7 TMT, up 8.3% from year-ago

SOYBEAN

- May 18 - Argentina registered 196,633 MT of soymeal for export

- May 17 - Argentina registered for export 137,623 MT of soymeal and 94,000 MT of soybeans

- May 18 - USDA announced cancellations of export sales of 949,000 MT of US soybeans for delivery to unknown destinations during 2017/18 (829 TMT) and 2018/19 (120 TMT)

- May 18 - USDA announced export sales of 168,000 MT of US soybeans for delivery to unknown destinations during 2017/18 (56 TMT) and 2018/19 (112 TMT)

- May 17 - USDA announced export sales of 132,000 MT of US soybeans for delivery to unknown destinations during 2017/18

- Weekly US soybeans export sales data for week ended May 10 of 506,600 MT (281,900 MT for 2017/18 and 224,700 MT for 2018/19), near the lower end of market expectations of 400-1,000 TMT. Export commitments for 2017/18 are running 3% behind of year-ago

- Weekly US soymeal export sales data for week ended May 10 of 421,700 MT, incl. 376,000 MT for 2017/18 (topped market expectations of 100-300 TMT). Export commitments for 2017/18 are running 13% ahead of year-ago

- Buenos Aires Grain Exchange lowered its forecast for Argentina's 2017/18 soybean crop by 2 MMT to 36 MMT, down 37% vs. 57.5 MMT in 2016/17

- EU this season in period of Jul 1-May 15, 2017/18 imported 11.649 MMT of soybeans vs. 12.185 MMT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 imported 16.148 MMT of soymeal vs. 15.71 MMT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 imported 3.693 MMT of rapeseed vs. 3.971 MMT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 imported 463,698 MT of sunflowerseed vs. 761,586 MT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 imported 3.267 MMT of sunflower meal vs. 3.094 MMT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 imported 1.44 MMT of sunflower oil vs. 1.281 MMT a year ago

- EU this season in period of Jul 1-May 15, 2017/18 imported 5.443 MMT of palm oil vs. 5.31 MMT a year ago

- Bulgaria's July-February 2017/18 rapeseed exports are estimated at 416,800 MT, down 14.7% from year-ago

- Bulgaria's Ag Min said Bulgaria exported 268,185 MT of sunflower via port Varna between Sept 4-Feb 11, 2017/18, up 123.8% from a year-ago (119,826 MT)

- Bulgaria's Sep-Feb 2017/18 sunflower exports are estimated at 546,200 MT, up 43.9% from year-ago score

- Ukrainian farmers have sown 5.4 million ha of sunflower or 96% of planned area as of May 18

- Ukrainian farmers have sown 1.5 million ha of soybeans or 80% of planned area as of May 18

- Russian farmers have sown 4.98 million ha of sunflower or 65.8% of planned area as of May 18 vs. 5.04 million ha a year ago

- Russian farmers have sown 1.34 million ha of soybeans or 49.2% of planned area as of May 18 vs. 1.15 million ha a year ago