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WHEAT

- Aug 2 - Egypt's GASC bought 240,000 MT of wheat from Russia (180 TMT) and Romania (60 TMT) for September 11-20 shipment:

  • 60,000 MT of Russian wheat from Aston at 251.96 $/mt c&f (235.5 fob+16.46 freight);
  • 60,000 MT of Russian wheat from Posco Daewoo at 253.25 $/mt c&f (238.25 fob+15 freight);
  • 60,000 MT of Romanian wheat from Ameropa at 253.56 $/mt c&f (238.22 fob+15.34 freight);
  • 60,000 MT of Russian wheat from GTCS at 254.46 $/mt c&f (238 fob+16.46 freight)

- Egypt has enough strategic wheat reserves to cover 4 months' needs

- Aug 2 - Jordan bought 60,000 MT of optional-origin hard milling wheat from Ameropa at 267.15 $/mt c&f for second half of September shipment

- Aug 1 - Algeria's OAIC bought at least 360,000 MT of wheat in a tender at 269-272 $/mt c&f for October shipments

- Aug 2 - Iraq purchased 50,000 MT of Australian hard wheat from ADM at 335 $/mt cif. The tender had closed on July 29 with offers remaining valid until August 2

- Aug 2 - Japan bought 107,843 MT of US and Canadian food wheat, while 33,125 MT of Australian standard white wheat wasn't purchased, for Sept-Oct shipments:

  • 12,547 MT of western white US wheat;
  • 10,890 MT of hard red winter US wheat;
  • 23,741 MT of dark northern spring US wheat;
  • 60,665 MT of Canadian western red spring wheat

- Aug 3 - Argentina registered 375,056 MT of wheat for export

- Aug 2 - Argentina registered 300,280 MT of wheat for export

- Aug 1 - Argentina registered 61,201 MT of wheat for export

- Weekly US wheat export sales data for week ended July 26 totalled 382,500 MT for 2018/19 (within trade expectations for 200-450 TMT). Export commitments for 2018/19 are running 28% behind of year-ago

- Russia’s Ag Min said Russia exported 4.731 MMT of grain between July 1-August 1, 2018/19, up 1.8 times from 2.65 MMT a year ago, including:

  • wheat – 3.799 MMT (2.4 times more from year ago);
  • barley – 641,000 MT (down by 5.3%);
  • corn – 257,000 MT (down by 36.1%)

- Russia has 3,761,600 MT of grain in its federal intervention fund as of August 3 vs. 3,806,900 MT week ago and 3,989,400 MT year ago

- Russian farmers harvested 41.3 MMT of wheat as of Aug 3, up from 37.4 MMT a year ago, yields totalled 3.62 mt/ha down from 4.38 mt/ha year ago

- Ukrainian farmers have threshed 20.1 MMT of winter wheat from 87% of planned area with the average yield of 3.62 mt/ha as of Aug 3

- Ukraine's Ag Min said Ukraine exported 2.2 MMT of grain between July 1-Aug 1 2018/19 vs. 2.5 MMT for the same period last season, including:

  • wheat – 930 TMT (794 TMT a year ago);
  • corn – 686 TMT (836 TMT);
  • barley – 592 TMT (812 TMT)

- Ukraine plans to sign with traders a traditional annual memorandum on grain export volumes for new season 2018/19

- Australia's wheat stocks at the end of the marketing year on Sept 30 are expected to decline to 4 MMT, half of last year's, as livestock consumes more grains in a second year of drought and production declines

- European Commission (EC) cut its forecast of 2018 EU soft wheat crop by around 4.1 MMT to 133.54 MMT vs. 141.8 MMT last year. EU's executive lowered its forecast of 2018/19 EU soft wheat exports by 1.5 MMT to 25.5 MMT (21.5 MMT in 2017/18). Soft wheat inventories in the region are forecasted at 10.05 MMT by the end of June 2019 vs. 17.65 MMT estimated for 2017/18

- EU in week ended Jul 27 awarded licenses to import 72,048 MT of reduced-tariff wheat imports under its main quota open to all origins apart from the US

- German association of farmers DBV cut its forecast of country’s 2018 winter wheat harvest to 18 MMT from 20.5 MMT previously (24.1 MMT in 2017)

- Bulgarian wheat crop could fall this year to 5.3-5.5 MMT from 6.1 MMT in 2017. Farmers in Bulgaria harvested 4.949 MMT of wheat from 90% of planned area as of July 26, down 3.8% from last-year stage, yields totals 4.84 mt/ha, 8% lower than a year-ago

- Bulgaria's Ag Min said Bulgaria exported 239,242 MT of wheat via port Varna between July 2-29, 2018, up 28.6% from a year-ago (185,991 MT)

- FranceAgriMer said that by July 29 French farmers harvested 99% of soft wheat vs. 88% a week ago and 89% a year ago

- Swedish wheat crop could fall this year to 1.7-1.9 MMT from 3.2 MMT in 2017, due to drought, according to a farm cooperative

- India may cut its wheat import duty (30%) as domestic prices rise and patchy monsoon rains cast doubts about wheat production

CORN

- Aug 8 - Jordan seeks 120,000 MT of optional-origin feed barley for Oct-Nov shipment

- Aug 3 - USDA announced export sales of 130,000 MT of optional-origin corn for delivery to Vietnam during 2018/19

- Aug 3 - Argentina registered 124,500 MT of corn for export

- Aug 1 - Argentina registered 79,100 MT of corn for export

- Aug 1 - Japan bought 64,525 MT of feed grain (18,465 MT of wheat and 46,060 MT of barley) for Jan 31 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 August 8

- Jul 31 - South Korea's Major Feedmill Group (MFG) in a private deal bought 69,000 MT of US/South American corn from Dreyfus at 212.9 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Jan 3 arrival

- Aug 3 - China sold 856,885 MT of corn from state reserves, or 21.6% of the offered amount, at average price of 1,416 RMB/mt (206 $/mt)

- Aug 2 - China sold 1,102,424 MT of corn from state reserves, or 27.6% of the offered amount, at average price of 1,539 RMB/mt (226 $/mt)

- Weekly US corn export sales data for week ended July 26 of 1,278,100 MT, incl. 292,000 MT for 2017/18 (below trade expectations of 300-600 TMT) and 986,100 MT for 2018/19 (topped expectations for 400-800 TMT). Export commitments for 2017/18 are running 5% ahead of year-ago

- Informa Economics kept its US corn yield forecast at 176.0 bushels per acre (bpa), which results in a US corn crop estimate of 14.392 billion bu for 2018

- FCStone forecast this year's corn harvest at 14.562 billion bushels with an average yield of 178.1 bpa, bigger then USDA's July forecast (14.23 billion bushels and 174 bpa)

- Farm Futures forecast this year's corn harvest at 14.36 billion bushels with an average yield of 175.4 bpa

- Brazil’s Trade Ministry reported July corn exports at 1.17 MMT, up from 142,893 MT in June but down vs. 2.323 MMT in the year-ago month

- EC slightly trimmed forecast of 2018 EU corn harvest to 63.73 MMT (65.44 MMT in 2017). EC forecasts EU 2018/19 corn imports at 13.3 MMT vs. 17.3 MMT (17 MMT previously) in 2017/18 and ending stock at 22.23 MMT vs. 23.64 MMT current season

- EC lowered its forecast of 2018 EU barley harvest by 0.85 MMT to 57.58 MMT vs. 58.79 MMT in 2017. EC cut forecast of EU 2018/19 barley exports by 2.07 MMT to 8 MMT vs. 8.39 MMT in 2017/18. Barley inventories in the region are forecasted at 5.51 MMT by the end of June 2019 vs. 5.52 MMT estimated for 2017/18

- Farmers in Bulgaria harvested 490,363 MT of barley from 97% of planned area as of July 26, down 20.2% from last-year stage, yields totals 4.39 mt/ha, 8% lower than a year-ago

- Bulgaria's Ag Min said Bulgaria exported 13,625 MT of barley via port Varna between July 2-29, 2018, down 69.4% from a year-ago (44,591 MT)

- FranceAgriMer estimated France’s corn condition as of July 29 as 66% in good to excellent, down 5% points from prior week and below the year-ago score of 79%

- FranceAgriMer said that French farmers harvested 98% of spring barley by July 29 vs. 70% a week ago and 89% a year ago

- Russian farmers harvested 4.8 MMT of barley as of Aug 3, down from 4.9 MMT a year ago, yields totalled 2.9 mt/ha vs. 3.61 mt/ha year ago

- Ukrainian farmers have threshed 3 MMT of winter barley from 98% of planned area with the average yield of 3.5 mt/ha as of Aug 3. They also harvested 2.4 MMT of spring barley from 65% of planned area with the average yield of 2.3 mt/ha

- Ukrainian farmers have threshed 669,000 MT of peas from 87% of planned area with the average yield of 1.77 mt/ha as of Aug 3

SOYBEAN

- Aug 3 - Argentina registered 166,892 MT of soymeal for export

- Aug 2 - Argentina registered 62,977 MT of soymeal for export

- Aug 1 - Argentina registered 78,183 MT of soymeal for export

- Aug 1 - China sold 23,292 MT of 2013 soybeans from state reserves, or 5% of the offered amount, at average price of 2,997 RMB/mt (440 $/mt)

- Aug 1 - China sold 4,250 MT of rapeseed oil from state reserves, or 5.5% of the offered amount, at average price of 6,000 RMB/mt (882 $/mt)

- Weekly US soybeans export sales data for week ended July 26 totalled 637,000 MT, incl. 93,700 MT for 2017/18 (below trade expectations of 150-500 TMT) and 543,300 MT for 2018/19 (within trade expectations for 300-700 TMT). Export commitments for 2017/18 are running 4% behind of year-ago

- Weekly US soymeal export sales data for week ended July 26 of 136,300 MT, incl. 79,000 MT for 2017/18 and 57,300 MT for 2018/19, within trade expectations. Export commitments for 2017/18 are running 18% ahead of year-ago

- USDA estimated US June soybean crush for crude oil at 5.087 million short tons, a 1.7% decrease from May, but above last year level (4.447 mln tons in June 2017) and average market expectation (5.06 mln tons). Crude soyoil stocks fell to 1.933 billion lbs as of June 30 from 2.003 in May, but above the 1.815 bln lbs a year ago, while refined oil stocks were at 371.656 million lbs as of June 30 vs. 371.127 in May and 327.721 in June 2017. June US soy cake and meal stocks were at 359,823 tons vs. 391,812 in May and vs. 314,965 tons a year-ago

- Informa Economics raised its US soybean yield forecast by 0.2 bu to 50.0 bpa, which results in a 4.445 billion-bu crop estimate

- FCStone projected US 2018 soybean production at 4.574 billion bushels, with an average yield of 51.5 bpa, bigger then USDA's July forecast (4.31 billion bushels and 48.5 bpa)

- Farm Futures projected US 2018 soybean production at 4.42 billion bushels, with an average yield of 49.8 bpa

- Brazil’s Trade Ministry reported July soybean exports at 10.196 MMT, down from 10.42 MT in June bu up vs. 6.955 MMT a year ago. Also Brazil exported 1.73 MMT of soymeal in June versus 1.56 MMT the month before and 1.156 MMT a year ago; and 210,904 MT of soyoil compared to 126,068 MT in June and 137,305 MT a year ago

- EC upped its forecast of 2018 EU soybean harvest from 2.75 MMT to 2.8 MMT, up 6.9% from 2017 (2.62 MMT)

- EC cut its forecast of 2018 EU rapeseed harvest by 1.17 MMT to 19.67 MMT, down 10.4% from 21.96 MMT in 2017

- EC raised its forecast of 2018 EU sunflower seed crop by 0.7 MMT to 10.43 MMT, up 0.6% from 10.37 MMT in 2017

- German association of farmers DBV cut its forecast of country’s 2018 winter wheat rapeseed to 3.3 MMT from 3.7 MMT previously (4.3 MMT in 2017)

- Farmers in Bulgaria harvested 443,644 MT of rapeseed from 97% of planned area as of July 26, up 2,5% from last-year stage. Yields on this stage totals 2.49 mt/ha, 12.6% lower than a year-ago

- Bulgaria's Ag Min said Bulgaria exported 306,392 MT of sunflower via port Varna between Sept 4-Jul 29, 2017/18, up 155.7% from a year-ago (119,827 MT)

- Ukrainian farmers harvested 2.5 MMT of winter rapeseed from 98% of planned area as of Aug 3, yields totalled 2.6 mt/ha

- Russian farmers harvested 280,300 MT of rapeseed as of Aug 3, up from 251,300 MT a year ago. Yields totalled 1.93 mt/ha vs. 2.03 mt/ha a year ago

- China has approved imports of sunflower seeds from Bulgaria

Grain Ukraine 2018

FeedDinner 2018