EXPORT BUSINESS - GRAINS/OILSEEDS COMPLEX
Grain and oilseed complex export
business reported since yesterday by government agencies and
private exporters -
    Japanese crushers bought 4,000 to 5,000 tonnes of Canadian
rapeseed in export business overnight for May shipment...Greece
has agreed to buy 27,000 to 33,000 tonnes of Spanish corn for
spot shipment, with Italy buying 6,000 to 7,000 tonnes of
Spanish corn for last/half April shipment, a spokesman for
cargill's spanish unit said...Taiwan bought 54,000 tonnes of
U.S. soybeans for April 20/May 5 delivery C and F...
    (Continued) - The India State Trading Corp bought 20,000
tonnes of optional origin soybean oil for May 20/June 20
shipment and 6,000 tonnes of RBD palm olein for April 25/May 25
shipment at its import tender yesterday...Pakistan rejected
offers at its tender for 12,000 tonnes of RBD palm oil, but is
expected to retender next week...The U.S. Department of
Agriculture (USDA) said it has accepted a bid for an export
bonus to cover the sale of 50,000 tonnes of U.S. hard red
winter wehat to Sri Lanka for April 8/16 shipment, with an
additional 10,000 tonnes of wheat still available to Sri Lanka
under the Export Enhancement Program (EEP)...
    (Continued) - The USDA said it has accepted a bid for an
export bonus to cover the sale of 18,000 tonnes of U.S. durum
wheat to Algeria for June 20/30 shipment, with an additional
228,000 tonnes still available to Algeria under the EEP.
    Tenders - Jordan will tender Monday, April 6, for 225,000
tonnes of U.S. hard and soft wheats for various April/Nov
shipments under the EEP.
    Market talk and comment - The USDA said Turkey has been
made eligible for the sale of up to 70,000 tonnes of medium
grain milled rice under the EEP...
    Market talk and comment (continued) - The USDA announced
Colombia has been made eligible for sale of up to 15,000 tonnes
of U.S. barley malt under the EEP...The Canadian Grain
Commission reported Canadian wheat exports in the week ended
March 29 totalled 447,200 tonnes, compared with 277,700 the
previous week, with 1986/87 season exports so far up to
10,228,600 tonnes versus 10,637,500 for the 1985/86 season,
with barley exports 38,800 tonnes, 106,700 tonnes, 4,804,500
and 1,892,600 respectively, rapeseed 43,900 tonnes, 50,700
tonnes, 1,292,600 and 920,000 respectively and flaxseed 20,700
tonnes, 13,600 tonens, 450,900 and 392,600 respectively...
    Market talk and comment (continued) - Pakistan is not
emerging as a major wheat exporter as World market prospects
are not good enough, a government official said...Active
timecharter fixing by Soviet operators to cover USSR grain
imprts featured the ocean freight market this morning, ship
brokers said...Dry cargo futures on the BIFFEX extended
yesterday's strong advance, with sharp gains of 22 to 17 points
in response to rumors of higher rates for grain business from
the U.S. Gulf to Japan, dealers said.
 Reuter
