WHEAT

- May 31 - Algeria’s OAIC seeks at least 50,000 MT of soft wheat for July 1-15 shipment

- May 30 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin milling wheat

- May 30 - Japan bought 280 MT of feed wheat 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 June 6

- May 30 - China sold 157,976 MT of wheat from state reserves or 7.6% of the offered amount at auction at average price of 2,404 RMB/mt (374 $/mt)

- May 29 - Argentina registered 120,000 MT of wheat for export

- May 28 - Argentina registered 846,000 MT of wheat for export

- May 25 - The lowest offers in Ethiopian tender for 200,000 MT of optional origin wheat came from Promising International at 251.3 $/mt c&f for 100,000 MT and 254.8 $/mt c&f for another 100,000 MT

- US wheat export inspections for week, ending May 24, recorded 431,239 MT, near the lower end of trade expectations (250-500 TMT). Inspections for 2017/18 are running 13.1% behind of year-ago

- USDA rated 38% of the US winter wheat crop in good to excellent condition as of May 27, up 2% points from prior week and ahead of analysts' forecasts for 36%, but down vs. 50% a year ago. USDA said spring wheat was 91% planted, beating the five-year average of 89% and within market forecasts, but behind last year score of 95%

- Ukraine's Ag Min said Ukraine exported 36.55 MMT of grain between July 1-May 30 2017/18 vs. 40.75 MMT for the same period last season, including:

  • wheat – 16.18 MMT (16.67 MMT a year ago);
  • corn – 15.98 MMT (18.57 MMT);
  • barley – 4.19 MMT (5.26 MMT)

- Syria is expected to buy less than one million tonnes of local wheat from farmers in the 2018 season because of poor rainfall

CORN

- May 29 - Turkey's TMO bought 200,000 MT of corn for June 4-14 shipment:

  • 10 TMT from Aston at 204.90 $/mt, c&f Derince;
  • 70 TMT from Rifcom at 206.75 $/mt, c&f Derince;
  • 10 TMT from Bek Tarim at 206.74 $/mt, c&f Bandirma;
  • 10 TMT from Rifcom at 206.75 $/mt, c&f Bandirma;
  • 10 TMT from Bek Tarim at 208.00 $/mt, c&f Izmir;
  • 10 TMT from Rifcom at 207.50 $/mt, c&f Izmir;
  • 10 TMT from Glencore at 211.75 $/mt, bonded warehouse Mersin;
  • 10 TMT from Bek Tarim at 207.00 $/mt, bonded warehouse Samsun;
  • 10 TMT from Erser at 210.50 $/mt, bonded warehouse Bandirma;
  • 10 TMT from Grainturk at 214.00 $/mt, bonded warehouse Izmir;
  • 10 TMT from Erser at 213.75 $/mt, bonded warehouse Izmir;
  • 10 TMT from Ural at 213.50 $/mt, bonded warehouse Izmir;
  • 20 TMT from Cofco at 213.25 $/mt, bonded warehouse Mersin

- May 29 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley

- May 29 - Argentina registered 569,000 MT of corn for export

- May 28 - Argentina registered 1,437,312 MT of corn for export

- May 29 - Argentina registered 90,000 MT of feed barley for export

- May 28 - Argentina registered for export 95,000 MT of feed barley and 99,500 MT of malting barley

- May 29 - USDA announced export sales of 231,248 MT of US corn for delivery to unknown destinations during 2017/18 (28,048 MT) and 2018/19 (203,200 MT)

- US corn export inspections for week, ending May 24, reported 1,705,190 MT, topped market expectations (1.4-1.7 MMT). Inspections for 2017/18 are running 11.9% behind of year-ago

- USDA said the US corn crop was 92% planted by May 27, within analyst expectations, above five-year average (90%) and compared to 90% last year. USDA rated 79% of the country’s corn in good or excellent condition, considerably better than last year’s 65% and ahead of analysts’ expectation of 72%

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 12.909 MMT from 12.827 MMT last month, in line with average market expectations of 12.9 MMT. It would be 23.3% less than last year (16.82 MMT in 2017)

SOYBEAN

- Aug 1 - Iran's GTC seeks 30,000 MT of soybean oil for September shipment

- May 29 - Argentina registered 85,545 MT of soymeal for export

- May 28 - Argentina registered for export 81,600 MT of soymeal and 22,000 MT of sunflower meal

- US soybean export inspections for week, ending May 24, reported 576,406 MT, within trade estimates (500-800 TMT). Inspections for the 2017/18 marketing year are running 9.1% behind of year-ago

- USDA said 77% of the US soybean crop was planted as of May 27, in range of market forecast (75-80%), but ahead of 65% last year and a 62% five-year average

- Brazil's President Michel Temer on Sunday made concessions in a bid to end a week-long trucker protest that has severely hampered the flow of food, fuel and key exports

- Argentina's government is raising an export tax on biodiesel to 15% from 8%, effective July 1

- Indonesia will maintain export tax for crude palm oil at zero for June, as the CPO reference price is seen at below the 750 $/mt

- GAPKI estimated Indonesia's April exports of palm oil and palm kernel oil at 2.39 MMT, down 0.4% from the previous month and down 7% compared to April 2017