WHEAT

- May 24 - Japan seeks 96,870 MT of food wheat for June-July shipments:

  • 15,925 MT of western white US wheat;
  • 16,835 MT of dark northern spring US wheat;
  • 30,975 MT of hard red winter US wheat;
  • 33,135 MT of Canadian western red spring wheat

- May 23 - Algeria's OAIC bought 690,000 MT of wheat in a tender at 227.5-228.5 $/mt c&f for August shipment from Glencore (150 TMT), Bunge (120 TMT), CAM (60 TMT), Casillo (120 TMT), Lecureur (120 TMT), Soufflet (120 TMT)

- May 23 - Japan bought 2,905 MT of feed grain (2,490 MT of wheat and 415 MT of barley) for Oct 31 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 May 30

- May 23 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin milling wheat

- Pakistan Agricultural Storage and Services Corporation (PASSCO) has sold about 160,000 MT of wheat for export (at 215-218 $/mt fob Pakistani ports) from 500,000 MT offered for sale and export under a new government export subsidy programme

- Millers in Asia have in the past month booked up to 1 MMT of new-crop Black Sea wheat for shipments starting in August. Black Sea wheat with 11.5% protein is being traded around 220-227 $/mt c&f, compared with a similar variety of Australian wheat quoted at 255-260 $/mt c&f

- May 23 - China sold 170,272 MT of wheat from state reserves or 8.3% of the offered amount at auction at average price of 2,402 RMB/mt (377 $/mt)

- US wheat export inspections for week, ending May 17, recorded 341,299 MT, near the lower end of trade expectations (300-600 TMT). Inspections for 2017/18 are running 12.8% behind of year-ago

- USDA rated 36% of the US winter wheat crop in good to excellent condition as of May 20, unchanged from prior week and behind of analysts' forecasts for 37%, also down vs. 52% a year ago. USDA said spring wheat was 79% planted, beating market forecasts of 77%, but behind last year score of 88% and the five-year average of 80%

- MARS lowered its yield forecast for this year's EU soft wheat to 6.19 mt/ha from 6.23 mt/ha prior month, up 3.6% from last year and 1.3% above the five-year mean

- Egypt has procured a total of 3 MMT of wheat from local farmers so far this year vs. 2.4 MMT at this time last year

- Japan's April grain imports fell 4.5% on year to 1.911 MMT, incl. 1.443 MMT from the US (down by 4.6%)

CORN

- May 23 - USDA announced export sales of 140,000 MT of optional-origin corn for delivery to Saudi Arabia during 2017/18 (70 TMT) and 2018/19 (70 TMT)

- May 22 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley

- US sorghum ship switches destination from Spain back to Asia

- US corn export inspections for week, ending May 17, reported 1,527,994 MT, within market expectations (1.4-1.7 MMT). Inspections for 2017/18 are running 13.5% behind of year-ago

- USDA said the US corn crop was 81% planted by May 20, matching five-year average and above an average of analyst expectations for 80%, but down compared to 82% last year

- Malawi's maize output declined by 19.4% in the 2017/18 farming year to 2.8 MMT due to damage caused by drought and crop-eating armyworms

- Ukrainian grain stocks were at 11.59 MMT as of May 1, down 4% from a year earlier, incl. 3.945 MMT of wheat (3.873 MMT a year ago), 853 TMT of barley (1.013 MT a year ago) and 6.127 MMT of corn (6.507 MMT a year ago). The data does not include grain stored at small farms

- Ukrainian farmers have sown 4.4 million ha of corn or 96% of planned area as of May 23

- Ukraine’s Ag Min estimated early spring grain planting 96%, or 2.3 million ha done as of May 23, thereof:

  • 1.5 million ha of barley (or 96% of planned area);
  • 418,000 ha of peas (or 99%);
  • 190,000 ha of oats (or 93%);
  • 167,000 ha of wheat (or 95%)

- MARS lowered its yield forecast for this year's EU corn to 7.64 mt/ha from 7.65 mt/ha last month, 4.8% above the five-year average

- MARS raised its yield estimate for this year's EU barley (winter and spring) to 5.04 mt/ha from 5.03 mt/ha last month, up 2.9% from last year and 2.6% above the 5-year average

SOYBEAN

- Jul 10 - Iran's GTC seeks 30,000 MT of sunflower oil

- May 22 - Argentina registered for export 225,821 MT of soymeal and 158,802 MT of soybean oil

- May 21 - Argentina registered for export 136,665 MT of soymeal and 80,000 MT of soybeans

- US soybean export inspections for week, ending May 17, reported 893,680 MT, topped trade estimates (400-700 TMT). Inspections for the 2017/18 marketing year are running 9.6% behind of year-ago

- USDA said 56% of the US soybean crop was planted as of May 20, exceeding average market forecast (54%) and compared to 50% last year and a 44% five-year average

- Japan's April soybean imports decreased 0.7% on year to 304,241 MT, incl. 269,782 MT from the US (down by 2%)

- Argentine April soybean crush was reported at 3.36 MMT, up 10.4% from 3.05 MMT in March but down 15.9% from last year. In the first four months of the year, the country crushed 11.52 MMT of soybean vs. 12.96 MMT in the same period last year

- Stocks of soymeal at Argentine mills totals 911,220 MT at the end of April 2018, up by 8.7% from a year-ago

- Stocks of soybean oil at Argentine mills totals 184,133 MT at the end of April 2018, down by 14.5% from a year-ago

- Argentine April sunflower crush was reported at 384,683 MT, down 2% from 392,512 MT in March and down 11.3% from last year. In the first four months of the year, the country crushed 1.2 MMT of sunflower vs. 1.36 MMT in the same period last year

- Stocks of sunoil at Argentine mills totals 127,274 MT at the end of April 2018, up by 15.4% from a year-ago

- Stocks of sunflower meal at Argentine mills totals 69,665 MT at the end of April 2018, a 31.7% decrease from a year-ago

- Ukrainian farmers have sown 5.5 million ha of sunflower or 99% of planned area as of May 23

- Ukrainian farmers have sown 1.6 million ha of soybeans or 83% of planned area as of May 23

- Ukrainian sunflower stocks were at 2.653 MMT as of May 1, down 10.3% from a year earlier (2.959 MMT). The data does not include grain stored at small farms

- Ukrainian April sunflower oil production was reported at 450 TMT, up 7.9% from prior month but down 7% from last year. Jan-Apr 2018 sunoil production totalled 1.729 MMT, down 11.4% from the same period in 2017

- Russia produced 1.7 MMT of sunflower oil during first four months of 2018, up 5.3% from the same period last year

- MARS cut its yield forecast for this year's EU rapeseed to 3.19 mt/ha from 3.33 mt/ha last month, down 1.8% from 2017 and 2.9% below the 5-year average

- MARS kept its yield forecast for this year's EU sunflower seed at 2.31 mt/ha, up 9.7% over the 5-year average

- Surveyor AmSpec Agri Malaysia estimated Malaysia's May 1-20 palm oil exports at 736,942 MT down 20.9% from a month ago

- Surveyor SGS estimated Malaysia's May 1-20 palm oil exports at 745,309 MT down 18% from a month ago

- India imported 1.386 MMT of veg oils (edible & non-edible) in Apr vs. 1.146 MMT in Mar, up 3.5% from 1.339 MMT a year ago

- India imported 7.147 MMT of edible veg oils in Nov-Apr 2017/18, up 2.1% from the 2016/17 (6.998 MMT)

- India imported 556,822 MT of crude palm oil in April vs. 591,985 MT in March and vs. 511,139 MT a year ago. India's Nov-Apr 2017/18 crude palm oil imports at 3.536 MMT vs. 2.906 MMT a year ago

- India imported 209,772 MT of RBD palmolein in April vs. 163,222 MT in March and vs. 232,243 MT a year ago. India's Nov-Apr 2017/18 RBD palmolein imports at 980,353 MT vs. 1.368 MMT a year ago

- India imported 264,750 MT of soybean oil in April vs. 115,102 MT in March and vs. 304,942 MT a year ago. India's Nov-Apr 2017/18 soybean oil imports at 1.092 MMT vs. 1.35 MMT a year ago

- India imported 294,450 MT of sunflower oil in April vs. 210,269 MT in March and vs. 234,516 MT a year ago. India's Nov-Apr 2017/18 sunflower oil imports at 1.319 MMT vs. 1.185 MMT a year ago

- India's stock of edible oils at various ports and in pipelines as of May 1, 2018 rose to 2.338 MMT from 2.112 MMT a month ago and vs. the last year's 2.12 MMT. India's monthly requirement is about 1.9 MMT