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WHEAT

- Sept 13 - Jordan seeks 120,000 MT of optional-origin hard milling wheat

- Sept 12 - Algeria’s OAIC seeks at least 50,000 MT of soft wheat for November shipment

- US wheat export inspections for week, ending Sept 6, recorded 429,081 MT, within trade expectations. Inspections for 2018/19 are running 31.2% behind of year-ago

- Russia’s Ag Min said Russia exported 11.279 MMT of grain between July 1-Sept 6, 2018/19, up 40.1% from 8.052 MMT a year ago, including:

  • wheat – 9.478 MMT (1.6 times more from year ago);
  • barley – 1.349 MMT (down by 9.8%);
  • corn – 363,000 MT (down by 30.6%)

- Russia has 3,509,700 MT of grain in its federal intervention fund as of Sept 9 vs. 3,517,200 MT week ago and 3,978,600 MT year ago

- Turkish government said on Sept. 6 that due to recent fluctuations in domestic flour prices it has introduced a regulation limiting exports of flour produced from grain grown domestically

- ABARES cut forecast of 2018/19 Australian wheat crop to 19.096 MMT from 21.9 MMT in June, down 10.1% from 21.24 MMT in 2017/18

- EU this season in period of July 1-Sept 9, 2018/19 exported 2.659 MMT of soft wheat compared to 4.486 MMT a year ago

- France's farm ministry cut its estimate of the country's 2018 soft wheat crop to 34.551 MMT from 35.114 MMT forecasted in August with yields lowered to 7.02 from 7.11 mt/ha earlier, down 5.5% from last year (36.564 MMT and 7.37 mt/ha in 2017) and 3.7% below the five-year average

- France exported 1.3 MMT of soft wheat in July, the first month of the 2018/19 marketing season, up 11% from the same month last year. That included 622,000 MT of soft wheat shipped outside the EU (incl. 475 TMT to Algeria), up 34%, and 675,000 MT exported within the bloc, down 4%

- Czech Statistics Bureau upped its wheat production estimate to 4.514 MMT from 4.344 MMT previously, down from 4.718 MMT in 2017

CORN

- Sept 12 - Jordan seeks 120,000 MT of optional-origin feed barley

- Sept 10 - South Korea's Nonghyup Feed Inc. (NOFI) rejected offers in an international tender to purchase up to 138,000 MT of corn but purchased 10,000 MT of feed barley at 276.87 $/mt c&f for February arrival

- Sept 7 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 1.5 MMT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 260.79 $/mt c&f in 25 consignments for Nov-Dec shipment to the Red Sea ports (1.02 MMT) and the Gulf ports (480 TMT):

  • Red Sea Ports:
    • 60,000 MT from Glencore at $254.99 (Nov 1-15);
    • 60,000 MT from Glencore at $255.99 (Nov 1-15);
    • 60,000 MT from Glencore at $256.99 (Nov 1-15);
    • 60,000 MT from ADM Hellas at $256.91 (Nov 1-15);
    • 60,000 MT from Grain Corp at $259.93 (Nov 1-15);
    • 60,000 MT from Olam at $259.25 (Nov 1-15);
    • 60,000 MT from Soufflet Negoce at $259.94 (Nov 1-15);
    • 60,000 MT from ADM Hellas at $257.81 (Nov 15-30);
    • 60,000 MT from Bunge at $259.55 (Nov 15-30);
    • 60,000 MT from Louis Dreyfus at $259.74 (Nov 15-30);
    • 60,000 MT from Soufflet Negoce at $260.44 (Nov 15-30);
    • 60,000 MT from Union Invivo at $259.35 (Nov 1-15);
    • 60,000 MT from Glencore at $258.23 (Dec 1-15);
    • 60,000 MT from Glencore at $258.53 (Dec 1-15);
    • 60,000 MT from Glencore at $258.93 (Dec 1-15);
    • 60,000 MT from Glencore at $259.64 (Dec 15-30);
    • 60,000 MT from Glencore at $260.17 (Dec 1-15).
  • Gulf Ports:
    • 60,000 MT from ECTP at $263.90 (Nov 1-15);
    • 60,000 MT from Bunge at $267.00 (Nov 15-30);
    • 60,000 MT from Louis Dreyfus at $267.74 (Nov 15-30);
    • 60,000 MT from CBH Grain at $265.55 (Dec 1-15);
    • 60,000 MT from Cofco Resources at $265.77 (Dec 1-15);
    • 60,000 MT from CBH Grain at $262.95 (Dec 15-30);
    • 60,000 MT from CBH Grain at $264.55 (Dec 15-30);
    • 60,000 MT from Cofco Resources at $265.88 (Dec 15-30)

- Two South Korean buyers purchased a total of about 138,000 MT of the US corn in separate deals last week:

  • Major Feedmill Group (MFG) purchased 69,000 MT at 206.88 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for Jan 30 arrival
  • Nonghyup Feed Inc. (NOFI) purchased 69,000 MT at 206.48 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for Jan 20 arrival

- Sept 6 - South Korea's KOCOPIA bought 60,000 MT of US corn for food-industrial use from Bunge at 213.65 $/mt c&f including a surcharge for additional port unloading for Dec 20 arrival

- US corn export inspections for week, ending Sept 6, reported 763,475 MT, below market expectations (1-1.4 MMT). Inspections for 2018/19 are running 2.9% behind of year-ago

- ABARES cut forecast of 2018/19 Australian barley crop to 8.327 MMT from 9.196 MMT in June, down 6.7% from 8.928 MMT in 2017/18

- ABARES forecasts 2018/19 Australian sorghum crop at 1.559 MMT, up 8.3% from the 1.439 MMT in 2017/18

- EU this season in period of July 1-Sept 9, 2018/19 imported 2.657 MMT of corn (maize) vs. 3.019 MMT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 exported 44,093 MT of corn vs. 122,610 MT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 exported 1.269 MMT of barley vs. 1.011 MMT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 exported 473,490 MT of malt in barley equivalent vs. 561,109 MT a year ago

- France's farm ministry cut the country's 2018 barley production estimate to 11.554 MMT from 11.769 MMT in August, down 4.5% from last year (12.095 MMT in 2017), but 0.2% above the five-year average. French winter barley crop is estimated at 8.484 MMT (8.712 MMT forecasted in August and 9.09 MMT in 2017), while spring crop totals 3.07 MMT (3.056 MMT forecasted in Aug and 3.005 MMT in 2017)

- France's farm ministry lowered forecast of the country's 2018 grain maize crop to 12.425 MMT from 12.849 MMT, down 12.8% from last year (14.254 MMT in 2017) and 13.9% below the five-year average

- France exported 618 TMT of barley in July (incl. 285 TMT to China and 110 TMT to Belgium), up 125% from 275 TMT in the same month last year

- Czech Statistics Bureau upped its barley production estimate to 1.635 MMT from 1.561 MMT previously, down from 1.712 MMT in 2017

- Ukrainian farmers harvested 824,000 MT of corn from 3% of planned area as of Sept 10, yields totalled 5.63 mt/ha

- Japan has found first swine fever case in 26 years, but not African fever

SOYBEAN

- Oct 9 - Iran's GTC seeks 30,000 MT of sunflower oil

- Sept 13 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for Oct 16-31 arrival

- Sept 10 - USDA announced export sales of 132,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- Sept 10 - Argentina registered 66,000 MT of soybeans for export

- US soybean export inspections for week, ending Sept 6, reported 924,839 MT, within trade estimates (0.7-1 MMT). Inspections for the 2018/19 marketing year are running 24.8% behind of year-ago

- China imported 9.15 MMT of soybeans in August, up 8.3% from the year before. China's soybean imports in the first eight months of the year fell 2.1% to 62 MMT

- China's imports of all vegetable oils in August was 598,000 MT up 15% on year. China's Jan-Aug vegetable oil imports rose 8.8% on year to 3.875 MMT

- China will start allowing soybean imports from Ethiopia

- EU this season in period of July 1-Sept 9, 2018/19 imported 2.401 MMT of soybeans vs. 2.53 MMT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 imported 3.183 MMT of soymeal vs. 4.064 MMT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 imported 552,994 MT of rapeseed vs. 616,153 MT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 imported 26,047 MT of sunflowerseed vs. 63,418 MT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 imported 376,475 MT of sunflower meal vs. 592,041 MT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 imported 243,374 MT of sunflower oil vs. 362,676 MT a year ago

- EU this season in period of July 1-Sept 9, 2018/19 imported 1.005 MMT of palm oil vs. 1.313 MMT a year ago

- France's farm ministry upped forecast of the country's 2018 soybean crop to 407 TMT from 398 TMT in August, down 1.8% from last year (414 TMT in 2017), but 42.3% above the five-year average

- France's farm ministry raised its estimate for 2018 French rapeseed output to 4.81 MMT from 4.614 MMT in August, down 10.6% from last year (5.38 MMT in 2017) and 5.1% below the five-year average

- France's farm ministry lowered forecast of the country's 2018 sunflower seed crop to 1.242 MMT from 1.328 MMT, down 22.5% from last year (1.603 MMT in 2017) and 13% below the five-year average

- Czech Statistics Bureau raised its rapeseed production estimate to 1.407 MMT from 1.287 MMT previously, up from 1.146 MMT in 2017

- Ukrainian farmers harvested 2.6 MMT of sunflower seed from 21% of planned area as of Sept 10, yields totalled 2.01 mt/ha

- Ukrainian farmers harvested 431,000 MT of soybeans from 11% of planned area as of Sept 10, yields totalled 2.37 mt/ha

- Ukrainian farmers have planted 785,000 hectares of winter rapeseed (88% of plan) as of Sept 10

- Surveyor Intertek Testing Services estimated Malaysia's September 1-10 palm oil exports at 489,492 MT up 63% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's September 1-10 palm oil exports at 506,212 MT up 69.5% from a month ago

Black Sea Trade Flows (BST Flows)

FeedDinner 2019