WHEAT

- Weekly US wheat export sales data for week ended May 9 totaled 533,900 MT, incl. 114,500 MT for 2018/19, within expectation (0-250 TMT) and 419,400 MT for 2019/20, topped expectation (150-350 TMT). Export commitments for 2018/19 are running 9% ahead of year-ago

- Russian farmers have sown 5.6 million ha of spring wheat or 46.4% of planned area as of May 17 vs. 3.5 million ha a year ago

- IKAR raised Russia's 2019 total grain production forecast from 125.7 to 126.7 MMT and wheat crop forecast to 81 MMT from 80.6 MMT previously. IKAR currently expects Russia to export 48 MMT of grain, including 37.8 MMT of wheat, in 2019/20

- Kazakh farmers planted 2.841 million ha of spring cereals crops as of May 17 vs. 1.623 million ha a year ago

- Strategie Grains cut its forecast of EU 2019 soft wheat crop to 143.9 MMT from 144.8 MMT previously, but up 13% versus last year (127.2 MMT in 2018)

- FranceAgriMer estimated 79% of French soft wheat crops were in good/excellent condition by May 13, unchanged from week earlier but up compared to 78% a year earlier

- Argentina's Ag Min expects the country to plant 6.46 million hectares of wheat for the 2019/20, up 2.7% from 6.29 mln ha in 2018/19

- Iraq has bought 883,122 MT of domestic wheat so far from local farmers in this year's harvest

- Bulgaria's July-Feb 2018/19 wheat exports are estimated at 3.334 MMT, down 11.3% from year-ago

CORN

- May 16 - Taiwan's MFIG bought 65,000 MT of US/Brazil corn from Cargill at a premium of 97.85 USc/bushel c&f over the Chicago December contract (194.6 $/mt, c&f) for July 25-Aug 28

- May 10 - South Korea's Major Feedmill Group (MFG) in a private deal purchased 69,000 MT of optional-origin  from CHS at 184.68 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Dec 7 arrival

- May 10 - South Korea's Nonghyup Feed Inc. (Nofi) in a private deal purchased 69,000 MT of optional-origin corn from Cargill at 183.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Dec 5 arrival

- Weekly US corn export sales data for week ended May 9 totaled 634,100 MT, incl. 553,300 MT for 2018/19 topped expectations (200-500 TMT). Export commitments for 2018/19 are running 11% behind of year-ago

- Ukraine's Ag Min said Ukraine exported about 44.58 MMT of grain between July 1-May 17, 2018/19 vs. 35.6 MMT for the same period of last season, including 14.63 MMT of wheat (15.75 MMT a year ago), 25.79 MMT of corn (15.46 MMT) and 3.42 MMT of barley (4.19 MMT)

- Ukrainian farmers have sown 4 million ha of corn or 87% of planned area as of May 16

- Russian farmers have sown 6.2 million ha of spring barley or 78.7% of planned area as of May 17 vs. 5.2 million ha a year ago

- Russian farmers have sown 2.1 million ha of corn or 80.8% of planned area as of May 17 vs. 2.1 million ha a year ago

- Strategie Grains lowered its forecast of EU 2019 barley crop to 60.3 MMT from 61.0 MMT previously, still 8% above the 2018/19 crop (55.8 MMT)

- Strategie Grains lowered its forecast of EU 2019 corn crop to 62.9 MMT from 63.1 MMT previously, a 2% increase on 2018/19 (61.6 MMT)

- FranceAgriMer estimated 75% of French winter barley crops were in good/excellent condition by May 13, unchanged from prior week and in line with a year-earlier. Spring barley rating was at 89% in good to excellent vs. 88% last week and vs. 77% a year ago

- FranceAgriMer estimated corn planting 88% done as of May 13 (77% a week-ago), vs. last year’s pace of 86%

- Argentina's Ag Min raised its forecast of corn crop in 2018/19 by 1 MMT to 56 MMT, up 28.9% from 43.46 MMT in 2017/18. Forecast of corn exports in 2018/19 (Mar 2019-Feb 2020) was upped by 2 MMT to 32 MMT (22.45 MMT last season)

- Argentina's Ag Min expects the country to plant 1.36 million hectares of barley for the 2019/20, up 0.4% from 1.355 ha in 2018/19

- Argentina's Ag Min raised its forecast of sorghum crop in 2018/19 by 140,000 MT to 1.7 MMT, up 9.7% from 1.55 MMT in 2017/18. Sorghum exports in 2018/19 (Mar 2019-Feb 2020) are expected steady on year at 200,000 MT

- Bulgarian farmers have sown 417,156 ha of corn as of May 9 vs. 382,041 ha a year ago

- Bulgaria's Sept-Feb 2018/19 corn exports are estimated at 1.064 MMT, up 34.6% from year-ago

- Bulgaria's July-Feb 2018/19 barley exports are estimated at 153,900 MT, down 48.3% from year-ago

SOYBEAN

- Weekly US soybeans export sales data for week ended May 9 totaled 674,300 MT, incl. 370,900 MT for 2018/19, within expectations (100-400 TMT). Export commitments for 2018/19 are running 18% behind of year-ago

- Weekly US soymeal export sales data for week ended May 9 of 265,400 MT, incl. 196,100 MT for 2018/19, within expectations (100-250 TMT). Export commitments for 2018/19 are running in line with a year-ago

- NOPA said its members crushed a smaller-than-expected 159.99 million bushels of soybeans during April (161.607 million bu – average expectations, 157.9-164 – range).  NOPA processors crashed 170.011 mln bu in March and 161.016 mln bu a year ago. Soyoil stocks rose to 1.787 billion lbs as of April 30 from 1.761 a month earlier, ahead of the average expectations of 1.779 billion lbs but below last year’s level of 2.092 billion lbs. Soymeal exports fell to 763,203 tons from 844,294 tons in March and vs. 946,291 tons a year-ago

- Buenos Aires Grains Exchange raised its forecast of Argentine 2018/19 soybean production to 56 MMT from 55 MMT previously (35.1 MMT in 2017/18)

- Argentina's Ag Min raised its estimate of sunflower seed crop in 2018/19 to 3.8 MMT from 3.6 MMT in April, up 7.6% from 3.53 MMT in 2017/18. Sunseed crush in 2018/19 (Jan-Dec 2019) is expected at 3.89 MMT vs. 3.28 MMT previous season

- Ukrainian farmers have sown 4.8 million ha of sunflower or 84% of planned area as of May 16

- Ukrainian farmers have sown 1 million ha of soybeans or 56% of planned area as of May 16

- Russian farmers have sown 6 million ha of sunflower or 76.7% of planned area as of May 17 vs. 4.7 million ha a year ago

- Russian farmers have sown 1.5 million ha of soybeans or 50.7% of planned area as of May 17 vs. 1.3 million ha a year ago

- Bulgarian farmers have sown 700,080 ha of sunflower as of May 9 vs. 643,460 ha a year ago

- Bulgaria's Sept-Feb 2018/19 sunflower exports are estimated at 390,500 MT, down 28.7% from year-ago score

- Bulgaria's July-Feb 2018/19 rapeseed exports are estimated at 356,200 MT, down 14.6% from year-ago

- Malaysia will maintain its crude palm oil export tax at 0% in June 2019, the same rate as the previous month. Malaysia calculated a reference price of 2,018.76 MYR/mt for May