WHEAT

- April 29 - Jordan Silos & Supply General Company seeks 25,000 MT of optional-origin milling wheat, 11% protein, for July 16-August     15

- April 11 - Algeria's OAIC seeks at least 50,000 MT of optional-origin milling wheat for June shipment. Offers must remain valid until April 12

- April 11 - Japan seeks 113,124 MT of food wheat for June shipments:

  • 33,244 MT of western white US wheat;
  • 22,465 MT of dark northern spring US wheat;
  • 23,635 MT of Canadian western red spring wheat;
  • 33,780 MT of Australian standard white wheat

- Apr 10 - Philippines importers are seeking up to 165,000 MT of feed wheat for June, July, August shipment

- The lowest offer in Bangladesh’s tender for 50,000 MT of wheat came in at 267.98 $/mt c&f liner out from Agrocorp. Other offers were: Phoenix – 274.47 $/mt, Swiss Singapore Overseas – 275.92 $/mt, Aston – 277 $/mt. The deadline to submit offers is April 10, with validity up to April 24. In the tender of March 13-27 Bangladesh bought 50,000 MT of optional-origin milling wheat from Agrocorp at 268.92 $/mt CIF liner out

- April 9 - Egypt's GASC bought 60,000 MT of Romanian wheat from Ameropa at 245.45 $/mt c&f (235.00 fob+10.45 freight) in a direct purchase agreement, to replace a shipment of the same origin that was rejected at the port in March due to a quality issue

- Egypt (GASC) has initially rejected a French wheat shipment (63,000 MT) for exceeding authorized levels of the grain fungus ergot, but they re-testing French wheat cargo

- April 9 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat and re-tender on April 16

- Asian importers last week purchased an undisclosed volume of new crop Black Sea feed wheat at about 206-207 $/mt c&f South East Asia for July, August and September shipment

- US wheat export inspections for week, ending April 4, recorded 538,808 MT, within trade expectations (300-600 TMT). Inspections for 2018/19 are running 4.8% behind of year-ago

- USDA in a monthly report raised its forecast of global 2018/19 wheat ending stocks by 5.08 MMT to 275.61 MMT, topping the highest in a range of trade expectations

- USDA reports 60% of the winter wheat crop is in good to excellent condition as of April 7, up 4% points from prior week and well above last year's 30%, also above an average of analyst expectations for 56%. USDA said spring wheat was just 1% planted, well behind the five-year average of 5% and below an average of analysts' forecasts for 3%

- Ukraine's Ag Min said Ukraine exported about 39.2 MMT of grain between July 1-April 10, 2018/19 vs. 31.5 MMT for the same period of last season, including 13.7 MMT of wheat and 21.5 MMT of corn

- France's farm ministry put the soft wheat sowing area for this year's harvest at 5.014 million hectares, up 2.8% from 2018 and nearly 0.3% below the average of the past five years

- FranceAgriMer cut its forecast for French soft wheat stocks at the end of the 2018/19 to 2.396 MMT from 2.444 MMT projected last month (2.984 MMT in 2017/18). Projected exports outside the EU was upped from 9.5 to 9.7 MMT, up 19.5% from 8.117 MMT in 2017/18, while forecast of shipments within the EU was lowered from 7.487 to 7.423 MMT, down 19.9% from 9.268 MMT in 2017/18

CORN

- April 10 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on April 17

- April 9 - Iranian SLAL is believed to have purchased some corn, barley and soymeal in international tenders, but the tonnage bought was unclear. SLAL had issued international tenders to purchase up to 300,000 MT of animal feed barley, 300,000 MT of feed corn and 300,000 MT of soymeal for shipment in April, May and June

- April 10 - South Korea's Nonghyup Feed Inc. (NOFI) bought 136,000 MT of corn from the US or South America:

  • 68,000 MT from Glencore at 187.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Nov 20 arrival;
  • 68,000 MT from Glencore at 188.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Nov 30 arrival

- April 9 - South Korea's Major Feedmill Group (MFG) bought 69,000 MT of optional-origin corn from Cargill at 187.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Nov 5 arrival          

- South Korea's Major Feedmill Group (MFG) in a private deal last week purchased 60,000 MT of South American corn from Cargill at 184.50 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for April 25 arrival

- Asian importers last week purchased an undisclosed volume of Black Sea corn at about 191-193 $/mt c&f for October-November shipment to East Asia/South East Asia

- US corn export inspections for week, ending April 4, reported 1,035,423 MT, within market expectations (1-1.3 MMT). Inspections for 2018/19 are running 15.9% ahead of year-ago

- USDA said the US corn crop was 2% planted by April 7, in line with trade expectations, last-year’s level and the five-year average

- USDA's forecast of US corn ending stocks for 2018/19 came in above the average trade expectations

- USDA raised forecast of global corn production in 2018/19 by 6.2 MMT to 1,107 MMT, up 2.9% (or 31 MMT) from last year, with larger crops for the EU, Brazil, Mexico and Argentina. USDA upped forecast of 2018/19 global corn ending stocks by 5.49 MMT to 314.01 MMT, above an average of trade expectations (311.16 MMT), but down from 340.41 MMT in 2017/18

- Malawi's maize output 2018/19 rose 24% to 3.355 MMT from 2.697 MMT in 2017/18

- Ukraine’s Ag Min estimated early spring grain planting 87% done as of April 10. Ukrainian farmers planted 1.96 million ha of spring crops, thereof 1.4 million ha of barley (90% of plan) and 270,000 ha of peas (80% of plan)  

- Ukrainian farmers have sown 58,000 ha of corn or 1% of planned area as of April 10

- France's farm ministry projected the all-barley area at 1.903 mln ha, up 7.7% vs. 2018 and up 3.4% from five-year average

- FranceAgriMer raised its forecast for French corn stocks at the end of the 2018/19 to 2.567 MMT from 2.378 MMT in Feb and vs. 2.549 MMT in 2017/18. France's 2018/19 corn exports are forecasted at 4.25 MMT down from 4.36 MMT in Mar and down vs. 5.316 MMT a year ago

- FranceAgriMer lowered its forecast of France's 2018/19 barley ending stocks to 1.696 MMT from 1.781 MT in Mar (1.514 MMT in 2017/18). France's 2018/19 barley exports (without malt) is expected at 6.024 MMT (5.99 MMT – previous forecast) slightly up from year-ago (5.992 MMT in 2017/18)

SOYBEAN

- April 11 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for June 1-15, June 15-30 arrival

- April 10 - USDA announced export sales of 133,759 MT of US soybeans for delivery to unknown destinations during 2018/19

- US soybean export inspections for week, ending April 4, reported 888,160 MT, near the upper end of trade estimates (600-900 TMT). Inspections for the 2018/19 marketing year are running 28% behind of year-ago

- USDA raised forecast of global soybean production in 2018/19 by 0.5 MMT to 360.58 MMT, up 5.5% (or 18.9 MMT) from last year, on gains in Brazil. USDA slightly upped forecast of 2018/19 global soybean ending stocks to 107.36 MMT, below average expectation of 108.04 MMT (99.05 MMT in 2017/18)

- MPOB estimated Malaysian crude palm oil production in March at 1.672 MMT, slightly above the average expectation of 1.65 MMT and up 8.2% from 1.545 MMT in February. Malaysia's palm oil stocks at end-March fell 4.6% from the previous month to 2.917 MMT, but above the average market expectation of 2.85 MMT. Malaysian March palm oil exports rose by 22.4% to 1.618 MMT, but below average expectation of 1.63 MMT

- Surveyor AmSpec Agri Malaysia estimated Malaysia's April 1-10 palm oil exports at 481,425 MT up 6.2% from a month ago

- Surveyor Intertek Testing Services estimated Malaysia's April 1-10 palm oil exports at 490,435 MT up 12.6% from a month ago

- China cut its estimate of canola oil output in 2018/19 to 5.25 MMT from a previous forecast of 5.7 MMT, after it cancelled import permits for canola seeds from two major Canadian exporters Richardson International and Viterra Inc

- France's farm ministry estimated the total rapeseed area this year at 1.317 mln ha, down 18.5% from 2018 and 13.1% below five-year average

- Ukrainian farmers have sown 516,000 ha of sunflower or 9% of planned area as of April 10