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WHEAT

- Jul 5 - Japan bought 79,770 MT of food wheat for September shipments:

  • 15,480 MT of western white US wheat;
  • 12,225 MT of dark northern spring US wheat;
  • 24,015 MT of hard red winter US wheat;
  • 28,050 MT of Australian standard white wheat

- Jul 4 - Argentina registered 160,580 MT of wheat for export

- Jul 4 - Japan bought 65,390 MT of feed grain (27,210 MT of wheat and 38,180 MT of barley) for Dec 28 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 July 11

- Jul 3 - Algeria's OAIC bought 660,000 MT of wheat in a tender at 234-237 $/mt c&f for September shipment from Bunge (120 TMT), Lecureur (120 TMT), Casillo (120 TMT), Soufflet (120 TMT), CAM (60 TMT), Cargill (60 TMT), Louis Dreyfus (60 TMT)

- Jul 5 - Iraq purchased 100,000 MT of Australian hard wheat from CBH at 306.75 $/mt cif. The tender had closed on July 2 with offers remaining valid until July 8

- Brazil bought 25,000 MT of wheat from Russia, the first cargo in eight years, supposedly from Sodrugestvo

- Weekly US wheat export sales data for week ended Jun 28 totalled 440,100 MT for 2018/19 (within trade expectations for 300-500 TMT). Export commitments for 2018/19 are running 29% behind of year-ago

- Russian farmers harvested 15 MMT of wheat as of July 6, up from 1.2 MMT a year ago, yields totalled 3.89 mt/ha

- Russia's Ag Min increased its forecast for Russia's 2018/19 grain exports to 40-45 MMT from a previously expected 35-40 MMT

- Ukrainian farmers have threshed 3.77 MMT of winter wheat with the average yield of 3 mt/ha as of July 6

- EU in season 2017/18 (Jul 1-June 30) exported 20.297 MMT of soft wheat compared to 24.026 MMT a year ago. Top 5 export destinations in 2017/18 are Algeria (21.6%), Saudi Arabia (16.5%), Egypt (7.1%), South Africa (5.2%) and Morocco (4.7%)

- FranceAgriMer said 73% of France’s soft wheat crops were in good to excellent condition as of July 1, down 1% point from prior week and vs. 66% a year ago. French farmers started harvesting of soft wheat with 3% collected as of July 1 (5% a year ago)

- German association of farmers DBV forecasts Germany's 2018 winter wheat crop at 20.452 MMT, down 15% from year-ago (24.08 MMT in 2017)

- Bulgaria's Ag Min said Bulgaria exported 1.773 MMT of wheat via port Varna between July 3-Jul 1, 2017/18, up 9.8% from a year-ago (1.616 MMT)

- Czech Statistics Bureau forecasts country’s 2018 wheat production at 4.346 MMT, down from 4.718 MMT in 2017

- FAO cut its forecast of global wheat production in 2018 to 736.1 MMT from 754.1 MMT projected in June (756.8 MMT in 2017), mostly on downward revisions in China, the EU, Russia and Ukraine. Trade in 2018/19 (July-June) virtually unchanged, supported by higher sales from the EU and the US more than compensating for lower shipments from Australia, Russia and Ukraine. Stocks (ending in 2019) trimmed sharply to 264.2 MMT (283.4 MMT previous forecast, 273.4 MMT in 2017/18) on downward adjustments in China, the EU and Russia

CORN

- Jul 6 - Saudi Arabia’s SAGO was seeking 1.5 MMT of feed barley in 25 consignments for September-October shipment

- Jul 6 - China sold 814,003 MT of corn from state reserves, or 20.6% of the offered amount, at average price of 1,423 RMB/mt (214 $/mt)

- Jul 5 - China sold 1,087,813 MT of corn from state reserves, or 27.1% of the offered amount, at average price of 1,529 RMB/mt (230 $/mt)

- Jul 5 - Argentina registered 120,000 MT of corn for export

- Jul 4 - Argentina registered 581,406 MT of corn for export

- Jul 4 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley

- Jul 5 - USDA announced export sales of 137,000 MT of US corn for delivery to South Korea during 2018/19

- Weekly US corn export sales data for week ended Jun 28 of 672,800 MT, incl. 440,700 MT for 2017/18 (below trade expectations of 500-800 TMT) and 232,100 MT for 2018/19 (below expectations for 300-500 TMT). Export commitments for 2017/18 are running 4% ahead of year-ago

- Informa Economics raised its US corn yield forecast by 1.5 bu to 176.0 bu per acre, which results in a US corn crop estimate of 14.392 billion bu for 2018

- Ukrainian farmers have threshed 2.11 MMT of winter barley with the average yield of 3.35 mt/ha as of July 6

- Ukrainian farmers have threshed 171,500 MT of peas with the average yield of 1.35 mt/ha as of July 6

- Russian farmers harvested 1.9 MMT of barley as of July 6, up from 1.6 MMT a year ago, yields totalled 3.7 mt/ha

- EU in week ended June 29 awarded licenses to import 3,500 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 18.3% (112,745 MT) out of a total volume of 615,000 MT available in 2018

- EU in season 2017/18 (Jul 1-June 30) imported 17.06 MMT of corn (maize) vs. 13.12 MMT a year ago. Top import origins in 2017/18 are Ukraine (45.2%), Brazil (30.1%), the US (10.9%) and Canada (4.8%)

- EU in season 2017/18 (Jul 1-June 30) exported 1.564 MMT of corn vs. 2.331 MMT a year ago. Top export destinations in 2017/18 are Turkey (27.4%), Lebanon (21%) and Iran (14.9%)

- EU in season 2017/18 (Jul 1-June 30) exported 5.512 MMT of barley vs. 5.382 MMT a year ago. Top 5 export destinations in 2017/18 are Saudi Arabia (50.2%), Tunisia (7.5%), China (7.4%), Iran (6.7%) and Morocco (6.5%)

- EU in season 2017/18 (Jul 1-June 30) exported 2.802 MMT of malt in barley equivalent vs. 2.971 MMT a year ago. Top 5 export destinations in 2017/18 are Japan (10%), Vietnam (7.7%), Nigeria (6.1%), Brazil (4.9%) and Ethiopia (3.9%)

- FranceAgriMer estimated France’s corn condition as of July 1 as 74% in good to excellent, unchanged from prior week but below the year-ago score of 81%

- FranceAgriMer said 69% of France’s winter barley crops were in good to excellent condition as of July 1, down 3% point from the prior week but above the year-ago score (62%). Spring barley rating was at 76% in good to excellent vs. 77% last week and vs. 65% a year ago. Harvesting of winter barley was under way, with 76% of the crop cut by July 1 (23% a week ago), above the 56% harvest progress a year ago. They also started harvesting of spring barley with 4% collected as of July 1 (0% a year ago)

- German association of farmers DBV forecasts Germany’s 2018 grain maize (corn) crop to drop just 0.1% to 4.542 MMT (4.548 MMT in 2017)

- German association of farmers DBV expects German farmers to harvest this year 10.7% less winter barley, largely used for animal feed, with a crop of 8.05 MMT (9.019 MMT in 2017), but 15.7% more spring barley, used for beer and malt production, with 2.121 MMT (1.834 MMT in 2017)

- Bulgaria's Ag Min said Bulgaria exported 419,889 MT of corn via port Varna between Sept 4-Jul 1, 2017/18, up 130.9% from a year-ago (181,836 MT)

- Czech Statistics Bureau forecasts country’s 2018 barley harvest at 1.525 MMT, down from 1.712 MMT last year

- India raised the 2018/19 minimum support price for corn by 19.3% to 1,700 rupees/100 kg

- FAO trimmed its forecast of global corn production in 2018 to 1,044.7 MMT from 1,046.5 MMT projected in June, indicating a 4.2% (46.3 MMT) decline from the 2017 record level. Global corn stocks (ending in 2019) revised down by 2.1 MMT from last month to 260.3 MMT, now lowest in five years and well below their opening levels (309.9 MMT)

SOYBEAN

- Jul 6 - Argentina registered for export 517,200 MT of soymeal and 70,000 MT of soybeans

- Jul 5 - Argentina registered 164,179 MT of soymeal for export

- Weekly US soybeans export sales data for week ended Jun 28 totalled 1,020,300 MT, incl. 561,600 MT for 2017/18 (above trade expectations of 200-500 TMT) and 458,700 MT for 2018/19 (topped trade expectations for 200-400 TMT). Export commitments for 2017/18 are running 4% behind of year-ago

- Weekly US soymeal export sales data for week ended Jun 28 of 194,400 MT, incl. 132,800 MT for 2017/18 and 61,600 MT for 2018/19, within trade expectations. Export commitments for 2017/18 are running 15% ahead of year-ago

- Informa Economics raised its US soybean yield forecast by 0.3 bu to 49.8 bu per acre, which results in a 4.425 billion-bu crop estimate

- Buenos Aires Grains Exchange said Argentina's 2017/18 soy harvest ended at 36 MMT (54 MMT in 2016/17), the smallest crop of the past nine years

- Brazil may need to import between 500,000 MT and 1 MMT of soybeans from the U.S. by year-end in order to meet processing demand if Chinese demand for Brazilian beans rises due to a trade war with the US

- FAO upped its forecast for world soybean production in 2018 by 1.3 MMT to a new record 359.6 MMT (337.9 MMT in 2017). Stocks (2018/19 carry out) forecast raised by 2.5 MMT to 39.2 MMT (39.5 MMT in 2017/18) on upward revisions for the US, Brazil and Argentina

- India raised the 2018/19 minimum support price for soybean and sunflower seed by 11.4% and 31.4% to 3,399 and 5,388 rupees per 100 kilogrammes, respectively

- Russian farmers harvested 79,400 MT of rapeseed as of July 6, up from 27,800 MT a year ago. Yields totalled 1.7 mt/ha vs. 1.64 mt/ha a year ago

- Ukrainian farmers harvested 756,300 MT of rapeseed as of July 6, yields totalled 2.14 mt/ha

- EU in season 2017/18 (Jul 1-June 30) imported 13.383 MMT of soybeans vs. 14.11 MMT a year ago. Top 5 import origins in 2016/17 are Brazil (40.4%), the US (32.4%), Canada (10.4%), Paraguay (8.6%) and Ukraine (6.2%)

- EU in season 2017/18 (Jul 1-June 30) imported 18.678 MMT of soymeal vs. 18.071 MMT a year ago. Top 5 import origins in 2017/18 are Argentina (44.6%), Brazil (40.8%), Paraguay (5.4%), India (2.3%) and US (2.1%)

- EU in season 2017/18 (Jul 1-June 30) imported 4.145 MMT of rapeseed vs. 4.786 MMT a year ago. Top import origins in 2017/18 are Australia (43.9%), Ukraine (41.2%) and Canada (10.7%)

- EU in season 2017/18 (Jul 1-June 30) imported 532,555 MT of sunflowerseed vs. 805,799 MT a year ago, mostly from Moldova (73.4%)

- EU in season 2017/18 (Jul 1-June 30) imported 3.657 MMT of sunflower meal vs. 3.635 MMT a year ago. Top 3 import origins in 2017/18 are Ukraine (67.6%), Russia (14.9%) and Argentina (13.3%)

- EU in season 2017/18 (Jul 1-June 30) imported 1.651 MMT of sunflower oil vs. 1.634 MMT a year ago, mostly from Ukraine (90%)

- EU in season 2017/18 (Jul 1-June 30) imported 6.06 MMT of palm oil vs. 6.151 MMT a year ago. Top 5 import origins in 2017/18 are Indonesia (46.9%), Malaysia (23.1%), Papua New Guinea (8.9%), Colombia (8.3%) and Guatemala (5.5%)

- German association of farmers DBV forecasts Germany’s 2018 winter rapeseed harvest to fall 13.2% to 3.706 MMT (4.268 MMT in 2017)

- Bulgaria's Ag Min said Bulgaria exported 291,535 MT of sunflower via port Varna between Sept 4-Jul 1, 2017/18, up 143.3% from a year-ago (119,827 MT)

- Czech Statistics Bureau expects country’s 2018 rapeseed harvest at 1.221 MMT, up from 1.146 MMT last year

Grain Ukraine 2018

FeedDinner 2018