WHEAT

- Jun 10 - Iraq seeks at least 50,000 MT of hard wheat from the US, Canada or Australia. The tender closes on Jun 10 and offers must remain valid up to Jun 14

- Jun 7 - Japan seeks 144,522 MT of food wheat for August shipments:

  • 40,137 MT of western white US wheat;
  • 27,210 MT of hard red winter US wheat;
  • 23,243 MT of dark northern spring US wheat;
  • 28,712 MT of Canadian western red spring wheat;
  • 25,220 MT of Australian standard white wheat

- Jun 6 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin milling wheat

- Jun 6 - Japan bought 31,150 MT of feed grain (30,710 MT of wheat and 440 MT of barley) for Nov 30 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 13

- UN recently bought a total 105,000 MT of milling wheat from the Black Sea region, likely Romanian, for donation to Yemen for shipment in June and August

- Jun 6 - Argentina registered 90,000 MT of wheat for export

- Jun 6 - China sold 108,662 MT of wheat from state reserves or 5.4% of the offered amount at auction at average price of 2,401 RMB/mt (375 $/mt)

- US wheat export inspections for week, ending May 31, recorded 341,470 MT, below trade expectations (400-600 TMT). Inspections for 2017/18 are running 13.2% behind of year-ago

- USDA rated 37% of the US winter wheat crop in good to excellent condition as of June 3, down 1% point from prior week and behind of analysts' forecasts for 38%, also down vs. 49% a year ago. USDA said the US winter wheat harvest was 5% complete, lagging the average analyst expectation of 8% and last year’s 9% but ahead of the five-year average of 4%. USDA said spring wheat was 97% planted, beating the five-year average of 94%, but behind last year score of 99%. USDA rated 70% of the US spring wheat crop in good-to-excellent condition as of June 3, up compared to 55% a year-ago

- Russia’s Ag Min said Russia exported 49.7 MMT of grain between July 1- June 6, 2017/18, up by 47% from 33.9 MMT a year ago, including:

  • wheat – 38.5 MMT (26 MMT in 2016/17);
  • barley – 5.5 MMT (2.8 MMT);
  • corn – 5.3 MMT (4.8 MMT)

- Vietnam's government has approved a decision to resume imports of Ukrainian wheat after about a two-year pause

- Ukraine's Ag Min said Ukraine exported 37.4 MMT of grain between July 1-June 6 2017/18 vs. 41.4 MMT for the same period last season, including:

  • wheat – 16.4 MMT (16.9 MMT a year ago);
  • corn – 16.55 MMT (18.95 MMT);
  • barley – 4.2 MMT (5.26 MMT)

- Australian grain giant GrainCorp has opened a branch in Ukraine

- Iraq's grain board has bought 1.47 MMT of local wheat since the 2018 season began

- Tunisia expects its grain harvest to fall to 1.4 MMT (incl. 923 TMT of durum wheat, 119 TMT of soft wheat and 362 TMT of barley) this season from 1.6 MMT last season because of lack of rain

- Egypt will allow the entry of a 63,000-MT Russian wheat cargo, halted for the common grain fungus ergot, after test results indicated levels fell within acceptable limits

CORN

- Jun 6 - Taiwan's MFIG bought 65,000 MT of US or Brazil corn from Columbia Grain at a premium of 155.1 USc/bushel c&f over the Chicago December contract (around 218 USD/mt, c&f) for Aug 20-Sept 8 shipment from the US Gulf or Brazil, or Sept 4-23 shipment from the Pacific North West, Argentina or South Africa

- Jun 5 - South Korea's Nonghyup Feed Inc. (NOFI) bought 65,000 MT of optional-origin corn from Marubeni Corporation/Columbia Grain at around 216.71 $/mt c&f + 1.25 $/mt surcharge for additional port unloading

- Jun 5 - South Korea's KFA (Korea Feed Association) bought 68,000 MT of optional-origin corn from Dreyfus at 216.2 $/mt c&f for Oct 15 arrival

- Jun 5 - South Korea's Feed Leaders Committee (FLC) bought around 65,000 MT of optional-origin corn from Cargill at 217.48 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 5 arrival

- Jun 5 - South Korea’s Major Feedmill Group (MFG) purchased about 132,000 MT of optional-origin corn:

65 TMT of corn from ADM at 217.99 $/mt c&f including a surcharge for additional port unloading for Oct 15 arrival,

67 TMT of corn from Cofco at 219.5 $/mt c&f including a surcharge for additional port unloading for Oct 29 arrival

- Jun 5 - Jordan bought 120,000 MT of optional-origin feed barley from GTCS at 222 $/mt c&f for September shipment

- Jun 4 - Algeria’s ONAB bought 40,000 MT of corn, likely from Argentina, at 210.94 $/mt c&f for shipment from late June

- Jun 4 - USDA announced export sales of 114,300 MT of US corn for delivery to Mexico during 2018/19

- US corn export inspections for week, ending May 31, reported 1,554,961 MT, near the upper end of market expectations (1.1-1.6 MMT). Inspections for 2017/18 are running 10.7% behind of year-ago

- USDA said the US corn crop was 97% planted by June 3, within analyst expectations, above five-year average (95%) and compared to 95% last year. USDA rated 78% of the country’s corn in good or excellent condition, down 1% point from prior week and behind of analysts’ expectation of 79%, but considerably better than last year’s 68%

SOYBEAN

- US soybean export inspections for week, ending May 31, reported 557,733 MT, within trade estimates (400-700 TMT). Inspections for the 2017/18 marketing year are running 8.5% behind of year-ago

- USDA said 87% of the US soybean crop was planted as of June 3, behind of market forecasts, but ahead of 81% last year and a 75% five-year average. USDA rated 75% of the country’s soybeans in good or excellent condition, ahead of analyst expectations

- Safras & Mercado projects this season (Feb-Jan) Brazil soybean exports at 70.8 MMT, up 300 TMT over its April forecast. They also upped forecast of Brazil soybean crush to 43.2 MMT, up 200 TMT over previous estimate, while forecast of soybean end stocks was lowered to 6.19 MMT from 6.5 MMT seen in April

- Paraguay is forecasted to export more soybeans than Argentina for the first time this year as Paraguayan growers to increase output and fill the supply gap left by a drought on the Argentine Pampas

- India plans to increase import tax on soyoil, sunflower oil and rapeseed oil

- Strategie Grains cut its forecast of EU's 2018/19 rapeseed production to 21.38 MMT from 22.21 MMT previously (22.01 MMT in 2017/18)

- Strategie Grains lowered its forecast of EU's 2018/19 sunflower seed production to 9.03 MMT from 9.1 MMT previously (9.6 MMT in 2017/18)

- Strategie Grains trimmed forecast of EU's 2018/19 soybean production to 2.74 MMT from 2.76 MMT previously (2.6 MMT in 2017/18)