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WHEAT

- Iraq seeks at least 50,000 MT of hard milling wheat. The tender was likely to close on Nov 26 with offers remaining valid up to Dec 2

- Nov 23 - Turkey's TMO seeks 240,000 MT of red milling wheat (32x7.5 TMT) for Dec 1-Jan 9 shipment

- Nov 16 - Saudi Arabia’s SAGO bought 495,000 MT of hard wheat (12.5% protein) of EU, North and South American (excl. Canadian) and Australian origin at an average price of 267.85 $/mt c&f in 8 consignments for Jan-Mar shipment to the ports of Jeddah (245 TMT), Dammam (195 TMT) and Jizan (55 TMT):

  • Jeddah sea port:
    • 60,000 MT from Soufflet at 261.94 $/mt c&f (Jan 5-15)
    • 65,000 MT from Cargill at 264.37 $/mt c&f (Feb 1-10)
    • 60,000 MT from Holbud Limited at 265.32 $/mt c&f (Feb 25-Mar 5)
    • 60,000 MT from Holbud Limited at 266.79 $/mt c&f (Mar 20-30)
  • Dammam Sea Port:
    • 65,000 MT from Agrorodeo at 269.57 $/mt c&f (Jan 20-30)
    • 65,000 MT from Cargill at 272.62 $/mt c&f (Feb 15-25)
    • 65,000 MT from Bunge at 272.17 $/mt c&f (Mar 10-20)
  • Jizan Sea Port:
    • 55,000 MT from Holbud Limited at 269.55 $/mt c&f (Mar 10-20)

- Nov 15 - Japan bought 120,226 MT of food wheat for Dec-Feb shipments:

  • 36,459 MT of western white US wheat;
  • 13,868 MT of dark northern spring US wheat;
  • 35,549 MT of Canadian western red spring wheat;
  • 34,350 MT of Australian standard white wheat

- Nov 14 - China sold 378,609 MT of wheat from state reserves or 17% of the offered amount at auction at average price of 2,409 RMB/mt (347 $/mt)

- Nov 15 - China auctioned 12,265 MT of imported 2013 wheat from state reserves, or 1.5% of the offered amount at average price of 2,168 RMB/mt (313 $/mt)

- Nov 16 - China auctioned 14,080 MT of imported 2013 wheat from state reserves, or 1.8% of the offered amount at average price of 1,987 RMB/mt (286 $/mt)

- Nov 19 - China auctioned 16,625 MT of imported 2013 wheat from state reserves, or 2.1% of the offered amount at average price of 2,168 RMB/mt (312 $/mt)

- US wheat export inspections for week, ending Nov 15, recorded 509,118 MT, topped trade expectations (300-500 TMT). Inspections for 2018/19 are running 18.4% behind of year-ago

- Weekly US wheat export sales data for week ended Nov 8 totaled 438,300 MT for 2018/19 (within trade expectations for 400-650 TMT). Export commitments for 2018/19 are running 16% behind of year-ago

- USDA said the US winter wheat crop 93% planted as of Nov 18, matching analysts’ expectations, but below last-year score (97%) and 5-year mean (97%). USDA rated 56% of the US winter wheat crop in good-to-excellent condition, up 2% points from prior week and above analysts’ expectations of 54%, also ahead last year’s level of 53%

- Russia’s Ag Min said Russia exported 22.6 MMT of grain between July 1-Nov 15, 2018/19, up 17.2% from 19.3 MMT a year ago, including:

  • wheat – 19.2 MMT (up 29% from year ago);
  • barley – 2.4 MMT (down by 13.7%);
  • corn – 737,000 MT (twice down)

- Russia has 3,340,600 MT of grain in its federal intervention fund as of Nov 16 vs. 3,967,600 MT year ago

- Ukrainian grain stocks were at 36.405 MMT as of November 1, up 50% from a year earlier, incl. 10.398 MMT of wheat (11.619 MMT a year ago), 1.863 MMT of barley (1.978 MMT a year ago) and 18.039 MMT of corn (9.232 MMT a year ago). The data does not include grain stored at small farms

- EU this season in period of July 1-Nov 18, 2018/19 exported 6.006 MMT of soft wheat compared to 8.216 MMT a year ago

- Strategie Grains kept its EU 2018 soft wheat crop forecast at 127 MMT, unchanged from last month, but down 11% versus last year. They raised estimate of 2018/19 EU soft wheat exports by 0.1 MMT to 19.5 MMT still down from 20.5 MMT in 2017/18

- FranceAgriMer estimated winter wheat planting 92% done as of Nov 11, behind of last year’s pace of 94%. FranceAgriMer said that 82% of French soft wheat was in good to excellent condition, up from 80% a week earlier but down from 97% a year ago

- Japan's October grain imports rose 14.1% on year to 2.258 MMT, incl. 1.735 MMT from the US (up by 84.1%)

CORN

- Nov 23 - Turkey's TMO seeks 75,000 MT of feed barley (10x7.5 TMT) for Dec 1-Jan 9 shipment

- Nov 19 - USDA announced export sales of 138,000 MT of US corn for delivery to South Korea during 2018/19

- Nov 16 - South Korea's Nonghyup Feed Inc. (NOFI) bought 138,000 MT of optional-origin corn from Cargill in two consignments: 69,000 MT at 206 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for March 20 arrival and 69,000 MT at 207.21 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for April 1 arrival

- Nov 16 - South Korea's KOCOPIA bought 60,000 MT of US corn from Posco-Daewoo at 212.35 $/mt c&f including a surcharge for additional port unloading for Feb 15 arrival

- South Korea's MFG recently bought 69,000 MT of optional-origin corn at 208.95 $/mt c&f+1.25 $/mt surcharge for additional port unloading for arrival April 7

- Nov 14 - USDA announced export sales of 212,000 MT of US corn for delivery to Mexico during 2018/19

- US corn export inspections for week, ending Nov 15, reported 797,459 MT, below market expectations (0.8-1.2 MMT). Inspections for 2018/19 are running 79.8% ahead of year-ago

- Weekly US corn export sales data for week ended Nov 8 totaled 893,900 MT, incl. 892,500 MT for 2018/19 (within expectations for 500-900 TMT). Export commitments for 2018/19 are running 15% ahead of year-ago

- USDA estimated 90% of the US corn crop was harvested as of Nov 18, behind analysts' forecasts of 91% and 5-year mean (93%), but above last year’s pace (89%)

- Ukrainian farmers harvested 31.2 MMT of corn from 90% of planned area as of Nov 19, yields totaled 7.59 mt/ha

- China launched a probe into whether Australian barley suppliers dumped cheap imports into Chinese market over the past year

- EU this season in period of July 1-Nov 18, 2018/19 imported 7.131 MMT of corn (maize) vs. 5.57 MMT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 exported 706,913 MT of corn vs. 438,583 MT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 exported 2.066 MMT of barley vs. 2.191 MMT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 exported 1.015 MMT of malt in barley equivalent vs. 1.107 MMT a year ago

- Strategie Grains raised its forecast of EU's 2018/19 corn production by 0.6 MMT to 60 MMT, now up 1% compared with last year's crop

- Strategie Grains lowered its forecast of EU's 2018/19 barley production from 56.5 to 56.1 MMT, down 4% from last year

- FranceAgriMer estimated France’s corn condition as of November 4 as 57% in good to excellent, unchanged from prior week, but below the year-ago score of 81%. French farmers harvested 99% of corn as of Nov 11 vs. 98% a week ago and 98% a year ago

- FranceAgriMer estimated winter barley planting 95% done as of Nov 11, behind of last year’s pace of 98%

- China has reported more than 60 outbreaks of the deadly disease since early August

SOYBEAN

- Dec 18 - Iran's GTC seeks 60,000 MT of sunflower oil

- Nov 16 - USDA announced export sales of 100,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- Nov 14 - USDA announced export sales of 148,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- US soybean export inspections for week, ending Nov 15, reported 1,055,940 MT, within trade estimates (800-1200 TMT). Inspections for the 2018/19 marketing year are running 42.9% behind of year-ago

- Weekly US soybeans export sales data for week ended Nov 8 totaled 470,900 MT, incl. 470,400 MT for 2018/19 (within trade expectations for 400-700 TMT). Export commitments for 2018/19 are running 32% behind of year-ago

- Weekly US soymeal export sales data for week ended Nov 8 of 432,300 MT for 2018/19, topped trade expectations of 100-400 TMT. Export commitments for 2018/19 are running 21% ahead of year-ago

- USDA estimated 91% of the US soybean crop was harvested as of Nov 18, behind analysts' forecasts (93%), also below last year’s pace (96%) and the 5-year mean (96%)

- NOPA said its members crushed a bigger-than-expected a record 172.346 million bushels of soybeans during October (170.026 million bu – average expectations). NOPA processors crashed 160.779 mln bu in September and 164.242 mln bu a year ago. Soyoil stocks fell to 1.503 billion lbs as of Oct 31 from 1.531 a month earlier, below the average expectations of 1.521 billion lbs but above last year’s level of 1.224 billion lbs. Soymeal exports rose to 967,174 tons from 785,267 tons in September and vs. 643,199 tons a year-ago

- Japan's October soybean imports fell 3% on year to 290,131 MT, incl. 174,314 MT from the US (down by 17,9%)

- EU this season in period of July 1-Nov 18, 2018/19 imported 5.151 MMT of soybeans vs. 4.618 MMT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 imported 6.519 MMT of soymeal vs. 7.716 MMT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 imported 1.58 MMT of rapeseed vs. 1.742 MMT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 imported 156,536 MT of sunflowerseed vs. 179,174 MT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 imported 918,478 MT of sunflower meal vs. 1.206 MMT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 imported 430,320 MT of sunflower oil vs. 642,944 MT a year ago

- EU this season in period of July 1-Nov 18, 2018/19 imported 2.26 MMT of palm oil vs. 2.562 MMT a year ago

- Surveyor Intertek Testing Services estimated Malaysia's November 1-15 palm oil exports at 551,857 MT up 9.2% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's November 1-15 palm oil exports at 549,488 MT up 2% from a month ago

- Surveyor SGS estimated Malaysia's November 1-15 palm oil exports at 557,781 MT up 1% from a month ago

- India imported 1.256 MMT of veg oils (edible & non-edible) in October vs. 1.491 MMT in September, up 8% from 1.167 MMT a year ago. India's Nov-Oct 2017/18 imports at 15.02 MMT vs. 15.44 MT a year ago, incl. 14.517 MMT of edible oils (15.077 MMT a year ago)

- India imported 609,828 MT of crude palm oil in October vs. 665,110 MT in September and vs. 597,217 MT a year ago. India's Nov-Oct 2017/18 imports at 6.46 MMT vs. 6.335 MT a year ago

- India imported 136,967 MT of RBD palmolein in October vs. 244,577 MT in September and vs. 147,441 MT a year ago. India's Nov-Oct 2017/18 imports at 2.136 MMT vs. 2.871 MT a year ago

- India imported 264,089 MT of soybean oil in October vs. 341,402 MT in September and vs. 220,200 MT a year ago. India's Nov-Oct 2017/18 imports at 3.047 MMT vs. 3.316 MT a year ago

- India imported 156,767 MT of sunflower oil in October vs. 149,930 MT in September and vs. 128,791 MT a year ago. India's Nov-Oct 2017/18 imports at 2.525 MMT vs. 2.169 MT a year ago

- India's stock of edible oils at various ports and in pipelines as of November 1, 2018 decrease to 2.325 MMT from 2.553 MMT a month ago and vs. the last year's 2.344 MMT. India's monthly requirement is about 1.9 MMT

- Ukrainian sunflower stocks were at 8.461 MMT as of November 1, up 16.5% from a year earlier (7.259 MMT). The data does not include grain stored at small farms

FeedDinner 2019