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WHEAT

- Aug 9 - Japan seeks 150,640 MT of food wheat for Oct shipments:

  • 11,600 MT of western white US wheat;
  • 37,580 MT of hard red winter US wheat
  • 65,450 MT of Canadian western red spring wheat;
  • 36,010 MT of Australian standard white wheat

- Aug 9 - Jordan seeks 120,000 MT of optional-origin hard milling wheat

- Aug 8 - Thailand seeks 39,000 MT of optional-origin feed wheat for Sept shipment

- Israeli group bought around 25,000 MT of feed wheat, 10% protein, likely from Ukraine at 210 $/mt c&f for September shipment in a private deal last week

- Aug 7 - Saudi Grains Organization (SAGO) has told grains exporters it will no longer accept Canadian-origin wheat and barley in its international purchase tenders

- Aug 7 - Argentina registered 242,042 MT of wheat for export

- Aug 6 - Argentina registered 65,238 MT of wheat for export

- US wheat export inspections for week, ending Aug 2, recorded 325,486 MT, near the lower end of trade expectations (300-450 TMT). Inspections for 2018/19 are running 40.7% behind of year-ago

- USDA said the US winter wheat harvest was 90% complete as of Aug 5, lagging versus analysts' forecasts and the five-year average of 92%, also below last-year pace of 93%. USDA rated 74% of the US spring wheat crop in good-to-excellent condition as of Aug 5, down 4% points from prior week and below of market expectation (76%), but significantly up compared to 32% a year-ago. The spring wheat harvest was 13% complete by Aug 5, behind of market expectations, 5-year mean (14%) and last year pace (22%)

- EU this season in period of July 1-Aug 5, 2018/19 exported 1.175 MMT of soft wheat compared to 1.872 MMT a year ago

- France's farm ministry cut its estimate of the country's 2018 soft wheat crop to 35.114 MMT from 36.083 MMT forecasted in July with yields lowered to 7.11 from 7.3 mt/ha earlier, down 4% from last year (36.564 MMT and 7.37 mt/ha in 2017) and 2.1% below the five-year average

- France exported 8.1 MMT of soft wheat outside the EU in the 2017/18 marketing year that ended on June 30, 62% more than the previous year (5 MMT in 2016/17). Soft wheat shipments to other EU countries totalled 9.2 MMT, 46% above the previous season's volume of 6.3 MMT and exceeded non-EU shipments for the second year in a row

- Ukraine's Ag Min has proposed allowing traders to export up to 8 MMT of milling wheat in 2018/19, down from around 10 MMT exported in 2017/18

- Ukrainian farmers have threshed 21.5 MMT of winter wheat from 91% of planned area with the average yield of 3.68 mt/ha as of Aug 6

CORN

- Aug 7 - USDA announced export sales of 179,000 MT of optional-origin corn for delivery to unknown destinations during 2018/19

- Aug 6 - South Korea's Nonghyup Feed Inc. (NOFI) bought 67,000 MT of optional-origin corn from Pan Ocean at 210.58 $/mt c&f + 1.00 $/mt surcharge for additional port unloading for Jan 10 arrival

- US corn export inspections for week, ending Aug 2, reported 1,287,772 MT, within market expectations (1-1.7 MMT). Inspections for 2017/18 are running 1.9% behind of year-ago

- USDA rated 71% of the country’s corn in good or excellent condition as of Aug 5, down 1% point from prior week and matching analysts' expectations, but better than last year’s 60%

- Louis Dreyfus Company expects Brazilian corn exports could fall to 20 MMT in 2018

- EU this season in period of July 1-Aug 5, 2018/19 imported 1.278 MMT of corn (maize) vs. 1.676 MMT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 exported 19,364 MT of corn vs. 49,272 MT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 exported 497,127 MT of barley vs. 322,462 MT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 exported 231,493 MT of malt in barley equivalent vs. 254,744 MT a year ago

- France's farm ministry cut the country's 2018 barley production estimate to 11.769 MMT from 12.093 MMT in July, down 2.7% from last year (12.095 MMT in 2017), but 2% above the five-year average. French winter barley crop is estimated at 8.712 MMT (8.932 MMT forecasted in July and 9.09 MMT in 2017), while spring crop totals 3.056 MMT (3.162 MMT forecasted in July and 3.005 MMT in 2017)

- France's farm ministry forecasts the country's 2018 grain maize crop at 12.849 MMT with yields 9.26 mt/ha, down 9.9% from last year (14.254 MMT and 10.37 mt/ha in 2017) and 11% below the five-year average

- 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 6. They also harvested 2.9 MMT of spring barley from 73% of planned area with the average yield of 2.43 mt/ha

- Ukrainian farmers have threshed 705,000 MT of peas from 90% of planned area with the average yield of 1.8 mt/ha as of Aug 6

SOYBEAN

- Aug 8 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for Sept 15-30 arrival

- Aug 7 - USDA announced export sales of 145,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- Aug 7 - Argentina registered for export 278,853 MT of soymeal and 57,200 MT of soybean oil

- US soybean export inspections for week, ending Aug 2, reported 893,109 MT, topped trade estimates of 500-750 TMT. Inspections for the 2017/18 marketing year are running 3.2% behind of year-ago

- USDA rated 67% of the country’s soybeans in good or excellent condition as of Aug 5, down 3% points from prior week and behind of market expectations (69%), but better than last year’s 60%

- Chinese state media reported that the country could cut its soybean imports by 10 MMT this year by relying instead on other feed sources like sunflower and palm

- EU this season in period of July 1-Aug 5, 2018/19 imported 1.222 MMT of soybeans vs. 1.412 MMT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 imported 1.797 MMT of soymeal vs. 2.112 MMT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 imported 131,912 MT of rapeseed vs. 164,540 MT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 imported 9,890 MT of sunflowerseed vs. 30,642 MT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 imported 218,163 MT of sunflower meal vs. 381,800 MT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 imported 130,701 MT of sunflower oil vs. 221,551 MT a year ago

- EU this season in period of July 1-Aug 5, 2018/19 imported 414,517 MT of palm oil vs. 692,022 MT a year ago

- France's farm ministry forecasts the country's 2018 soybean crop at 398 TMT with yields 2.67 mt/ha, down 4% from last year (414 TMT and 2.92 mt/ha in 2017), but 39.1% above the five-year average

- France's farm ministry lifted its estimate for 2018 French rapeseed output to 4.614 MMT from 4.603 MMT in July, down 14.2% from last year (5.38 MMT in 2017) and 8.9% below the five-year average

- France's farm ministry forecasts the country's 2018 sunflower seed crop at 1.328 MMT with yields 2.36 mt/ha, down 17.2% from last year (1.603 MMT and 2.73 mt/ha in 2017) and 6.9% below the five-year average

- Ukrainian farmers harvested 2.5 MMT of winter rapeseed from 99% of planned area as of Aug 6, yields totalled 2.61 mt/ha

- Surveyor SGS estimated Malaysia's July 1-31 palm oil exports at 1,049,970 MT, down 0.8% from a month ago

Black Sea Trade Flows (BST Flows)

FeedDinner 2019