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WHEAT

- Oct 18 - Mauritius seeks 49,000 MT of optional-origin wheat flour for Jan-Dec 2019 shipment

- Sept 27 - Japan bought 109,150 MT of food wheat for Oct-Dec shipments:

  • 11,370 MT of western white US wheat;
  • 38,100 MT of hard red winter US wheat;
  • 32,050 MT of Canadian western red spring wheat;
  • 27,630 MT of Australian standard white wheat

- Sept 27 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling and may retender on Oct 4

- Sept 27 - Iraq purchased 100,000 MT of hard wheat: 50,000 MT of US wheat from Ameropa at 337.86 $/mt c&f and 50,000 MT of Australian wheat from CBH at 353.27 $/mt c&f. The tender had closed on Sept 23 with offers remaining valid until Sept 27

- Iraq has purchased a total of 100,000 MT of wheat from the US (50 TMT) and Australia (50 TMT) in directly-negotiated deals this week

- Sept 25 - Turkey's TMO bought about 252,000 MT of red milling wheat, 12.5%, 13.5% protein, for Oct 2-22 shipment at prices ranged from 233 to 256 $/mt c&f

- Oct 24 - UAE has postponed an international tender for up to 60,000 MT of milling wheat, 12.5% protein, with no purchase made. Offers were made between around 255 to 265 $/mt c&f. The date for the new tender has not yet been announced

- Sept 28 - China auctioned 5,959 MT of imported 2013 wheat from state reserves, or 0.6% of the offered amount at average price of 2,200 RMB/mt (320 $/mt)

- Sept 27 - China auctioned 6,584 MT of imported 2013 wheat from state reserves, or 0.7% of the offered amount at average price of 2,130 RMB/mt (310 $/mt)

- Sept 26 - China auctioned 1,787 MT of imported 2013 wheat from state reserves, or 0.2% of the offered amount at average price of 2,144 RMB/mt (312 $/mt)

- Sept 26 - China sold 126,652 MT of wheat from state reserves or 6.3% of the offered amount at auction at average price of 2,409 RMB/mt (351 $/mt)

- Weekly US wheat export sales data for week ended Sept 20 totalled 657,100 MT for 2018/19 (topped trade expectations for 250-500 TMT). Export commitments for 2018/19 are running 20% behind of year-ago

- Sovecon lowered its forecast of Russian 2018/19 grain exports from 43.7 to 42.4 MMT, including 33.5 MMT of wheat (down 400 TMT from previous forecast), 2.9 MMT of corn (down 1 MMT) and 4.1 MMT of barley (up 300 TMT)

- Ukrainian farms have sown as of Sept 28 a total of 3.3 million hectares of winter grains for the 2019 harvest, or 46% of the expected area of 7.2 million, incl. 3.1 million hectares of winter wheat and 144,000 hectares of winter barley

- Buenos Aires Grains Exchange expects Argentine 2018/19 wheat production at a record 19.7 MMT (17.8 MMT in 2017/18). Buenos Aires Grain Exchange raised its estimate of Argentine 2018/19 wheat crop area by 0.1 to 6.2 mln ha (5.7 mln ha in 2017/18)

- Argentina's Ag Min trimmed its estimate for wheat planted area in the 2018/19 crop year to 6.2 million hectares, from 6.26 million previously, up 5.1% from 5.9 mln ha in 2017/18

- South Africa's Crop Estimates Committee (CEC) raised its wheat production forecast this year to 1.845 MMT from 1.808 MMT last month, up 20.2% from the previous season’s crop of 1.535 MMT

- SAGIS estimated S. Africa's August wheat imports at 223,631 MT vs. 184,984 MT in July. Oct-Aug 2017/18 imports rose 147% on year to 1.975 MMT

- European Commission (EC) slightly trimmed its forecast of 2018 EU soft wheat crop to 128.73 MMT vs. 142 MMT last year. EU's executive kept its forecast of 2018/19 EU soft wheat exports at 20 MMT (21.3 MMT in 2017/18). Soft wheat inventories in the region are forecasted at 12.01 MMT by the end of June 2019 vs. 18.1 MMT estimated for 2017/18

- Bulgaria's Ag Min said Bulgaria exported 885,224 MT of wheat via port Varna between July 2-September 23, 2018, down 13.7% from a year-ago (1.026 MMT)

- Bulgaria's July-June 2017/18 wheat exports are estimated at 4.708 MMT, up 10.6% from year-ago

- International Grains Council (IGC) upped its forecast for global wheat production in 2018/19 by 0.3 MMT to 716.7 MMT (758.1 MMT in 2017/18), mostly reflecting higher perspective this month for Russia partly offset by a cut for Australia. Forecast of ending stocks was upped by 1.8 MMT to 249.8 MMT (266.9 MMT in 2017/18)

CORN

- Sept 28 - China sold 575,469 MT of corn from state reserves, or 14.4% of the offered amount, at average price of 1,447 RMB/mt (210 $/mt)

- Sept 27 - China sold 2,903,808 MT of corn from state reserves, or 73.5% of the offered amount, at average price of 1,550 RMB/mt (225 $/mt)

- Sept 27 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on Oct 3

- Sept 26 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley and retender on Oct 3

- Weekly US corn export sales data for week ended Sept 20 of 1,703,100 MT, incl. 1,712,800 MT for 2018/19 (topped expectations for 900-1300 TMT). Export commitments for 2018/19 are running 61% ahead of year-ago

- Buenos Aires Grains Exchange expects Argentine 2018/19 corn production at a record 43 MMT (31.7 MMT in 2017/18)

- Argentina's Ag Min expects 2018/19 corn acreage at 9.35 mln ha, up 2.7% from 9.1 mln ha in 2017/18. Forecast of corn exports in 2017/18 (Mar 2018-Feb 2019) was lowered by 1.5 MMT to 23 MMT vs. 25.65 MMT in previous season

- Buenos Aires Grain Exchange upped its estimate of Argentina’s 2018/19 barley acreage from 950,000 to 1,000,000 ha (900,000 ha in 2017/18)

- Argentina's Ag Min lowered its estimate for barley planted area in the 2018/19 crop year to 1.065 million hectares, from 1.085 million ha previously, up 6.5% from 1 mln ha in 2017/18. Forecast of barley exports in 2017/18 (Dec-Nov) was upped by 0.05 to 2.45 MMT, but down from 2.55 MMT in previous season

- Argentina's Ag Min lowered its sorghum acreage estimate for the 2018/19 to 610,000 hectares from 640,000 ha in August, down 4.7% from 640,000 ha in 2017/18

- Ukrainian farmers harvested 5.3 MMT of corn from 20% of planned area as of Sept 28, yields totalled 5.73 mt/ha

- EC cut forecast of 2018 EU corn harvest by 2.4 MMT to 61.88 MMT (65.48 MMT in 2017). EC also raised forecast of EU 2018/19 corn imports by 2 MMT to 16 MMT vs. 17.79 MMT in 2017/18. Ending stocks are estimated at 21.48 MMT vs. 24.09 MMT current season

- EC slightly upped its forecast of 2018 EU barley harvest to 56.38 MMT vs. 58.64 MMT in 2017. EC kept forecast of EU 2018/19 barley exports at 8 MMT vs. 8.96 MMT in 2017/18. Barley inventories in the region are forecasted at 4.72 MMT by the end of June 2019 vs. 4.82 MMT estimated for 2017/18

- Bulgaria harvested 501 TMT of barley in 2018, 19.2% less than a year ago

- Bulgaria's July-June 2017/18 barley exports are estimated at 364.1 TMT, up 24.5% from year-ago

- Farmers in Bulgaria harvested 1.056 MMT of corn from 34% of planned area as of Sept 20, up 10.7% from last-year stage. Yields totals 7.61 mt/ha, 33% higher than a year-ago

- Bulgaria's Sept-June 2017/18 corn exports are estimated at 1.361 MMT, up around 42.9% from year-ago

- FranceAgriMer estimated France’s corn condition as of Sept 23 as 58% in good to excellent, unchanged from prior week, but below the year-ago score of 80%. French farmers harvested 21% of corn as of Sept 23 vs. 8% a week ago and 4% a year ago

- South Africa's Crop Estimates Committee (CEC) lowered its estimate of corn output this year to 12.931 MMT from 13.207 MMT last month, below average market expectations of 13.002 MMT and by 23.1% less than last year (16.82 MMT in 2017)

- SAGIS estimated South Africa's corn stocks as of August 31 were at 9.53 MMT vs. 8.098 MMT a month ago and 10.787 MMT a year ago

- SAGIS estimated S. Africa's May-Aug 2018 corn exports at 1.28 MMT, up 3.7% on year (1.234 MMT in May-Aug 2017)

- IGC raised its forecast of the global corn crop in 2018/19 by 9.9 MMT to 1.074 billion tonnes (1.047 BMT in 2017/18), mostly reflecting better perspectives for the US, EU and Ukraine. IGC upped its forecast for 2018/19 global corn carryover by 3.7 MMT from August to 261.1 MMT vs. 299.6 MMT in 2017/18

SOYBEAN

- Sept 26 - USDA announced export sales of 671,934 MT of US soybeans for delivery to Mexico during 2018/19

- Sept 27 - China sold 200 MT of imported 2011 soy oil from state reserves, or 0.7% of the offered amount, at average price of 5,000 RMB/mt (727 $/mt)

- Sept 26 - China sold 600 MT of imported 2011 soy oil from state reserves, or 2.1% of the offered amount, at average price of 5,000 RMB/mt (727 $/mt)

- Sept 26 - China sold 100,642 MT of 2013 soybeans from state reserves, or 100% of the offered amount, at average price of 3,051 RMB/mt (444 $/mt)

- IGC raised its forecast for 2018/19 global soybean production by 3.4 MMT to 369.8 MMT (339.1 MMT in 2017/18). IGC upped global 2018/19 soybean carryover to a record 52.2 MMT (40.5 MMT in 2017/18), up by 0.8 MMT from prior forecast

- Weekly US soybeans export sales data for week ended Sept 20 totalled 872,200 MT, incl. 870,700 MT for 2018/19 (within trade expectations for 600-1000 TMT). Export commitments for 2018/19 are running 16% behind of year-ago

- Weekly US soymeal export sales data for week ended Sept 20 of 659,200 MT, incl. 147,300 MT for 2017/18 (topped expectations for -50-+50 TMT) and 511,900 MT for 2018/19, above trade expectations of 150-350 TMT. Export commitments for 2017/18 are running 22% ahead of year-ago

- Buenos Aires Grains Exchange expects Argentine 2018/19 soybean production at 53 MMT (35.1 MMT in 2017/18)

- Buenos Aires Grain Exchange estimates Argentina’s 2018/19 sunflower seed acreage at 1.9 mln ha (1.75 mln ha in 2017/18). About 39.1% of the crop has been planted as of Sept 26

- Argentina's Ag Min expects the country to plant 1.7 million hectares of sunflower seed for the 2018/19, unchanged from 2017/18

- Ukrainian farmers harvested 8.3 MMT of sunflower seed from 64% of planned area as of Sept 28, yields totalled 2.16 mt/ha

- Ukrainian farmers harvested 1.7 MMT of soybeans from 41% of planned area as of Sept 28, yields totalled 2.45 mt/ha

- Ukrainian farmers have completed winter rapeseed sowing for the 2019 harvest at 955,000 hectares (108% of plan) as of Sept 28

- EC lifted its forecast of 2018 EU soybean harvest from 2.79 MMT to 2.8 MMT, up 6.7% from 2017 (2.63 MMT)

- EC raised its forecast of 2018 EU rapeseed harvest by 0.5 MMT to 19.72 MMT, down 10.2% from 21.95 MMT in 2017

- EC lowered its forecast of 2018 EU sunflower seed crop by 0.2 MMT to 10.12 MMT, down 2.3% from 10.36 MMT in 2017

- Bulgaria harvested 456 TMT of rapeseed in 2018, 0.6% less than a year ago

- Bulgaria's July-June 2017/18 rapeseed exports are estimated at 428.4 TMT, down 12.3% from year-ago

- Farmers in Bulgaria harvested 1.543 MMT of sunflower from 81% of planned area as of Sept 20, down 0.7% from last-year stage. Yields totals 2.58 mt/ha, 13.2% higher than a year-ago

- Bulgaria's Sep-June 2017/18 sunflower exports are estimated at 788,200 MT, up 28.9% from year-ago score

- India's rapeseed mustard production in 2018/19 could jump nearly 17% from a year ago to 7 MMT as higher prices are likely to prompt farmers to expand areas under planting

- Indonesia will maintain export tax for crude palm oil at zero for October, as the CPO reference price is seen at below the 750 $/mt

FeedDinner 2019