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WHEAT

- Dec 3 - Iraq seeks at least 50,000 MT of hard wheat from the US, Canada or Australia. The tender closes on Dec 3 and offers must remain valid up to Dec 9

- Nov 27 - Algeria’s OAIC seeks at least 50,000 MT of milling wheat for January shipment

- Nov 26 - USDA announced export sales of 120,000 MT of US soft red winter wheat for delivery to Egypt during 2018/19

- Nov 23 - Tunisia's state grains agency bought 100,000 MT of optional-origin soft milling wheat for Dec 15-Feb 5 shipment, while offers for 42,000 MT of durum wheat were rejected as too high and no purchase made:

  • 25,000 MT of soft milling wheat from Cargill at 251.22 $/mt c&f;
  • 25,000 MT of soft milling wheat from Cofco at 251.09 $/mt c&f;
  • 25,000 MT of soft milling wheat from Cofco at 251.85 $/mt c&f;
  • 25,000 MT of soft milling wheat from Dreyfus at 252.30 $/mt c&f

- Nov 23 - Turkey's TMO bought 180,000 MT of red milling wheat for Dec 1-Jan 9 shipment:

  • 60,000 MT from Hakan Agro at 255.9 $/mt c&f Mersin;
  • 30,000 MT from Solaris at 260.7 $/mt c&f Izmir;
  • 30,000 MT from Hakan Agro at 259 $/mt c&f Derince;
  • 15,000 MT from Hakan Agro at 258 $/mt c&f Bandırma;
  • 7,500 MT from Tiryaki at 256 $/mt c&f Bandirma;
  • 15,000 MT from Erser at 261 $/mt c&f Tekirdag;
  • 15,000 MT from Ulusoy at 255.6 $/mt c&f Trabzon;
  • 7,500 MT from Tradefield at 252 $/mt c&f Samsun

- Nov 22 - Egypt's GASC bought 240,000 MT of wheat from the US (120 TMT), Russia (60 TMT) and Romania (60 TMT) for January 10-20 shipment:

  • 60,000 MT of Russian wheat from Agro Industrial at 250.30 $/mt c&f (233.50 fob+16.80 freight)
  • 120,000 MT of US soft red wheat from Cargill at 253.78 $/mt c&f (220.9 fob+32.88 freight)
  • 60,000 MT of Romanian wheat from Cerealcom at 254 $/mt c&f (238.36 fob+15.64 freight)

- Nov 22 - Japan bought 99,462 MT of food wheat for Dec-Feb shipments:

  • 16,690 MT of western white US wheat;
  • 10,940 MT of dark northern spring US wheat;
  • 36,370 MT of hard red winter US wheat;
  • 35,462 MT of Canadian western red spring wheat

- Nov 22 - Morocco's ONICL received no offers in a tender to import up to 45,455 MT of EU durum wheat under quotas with reduced import tariffs for arrival by May 31

- Weekly US wheat export sales data for week ended Nov 15 totaled 330,400 MT for 2018/19 (within trade expectations for 300-600 TMT). Export commitments for 2018/19 are running 15% behind of year-ago

- Russia’s Ag Min said Russia exported 23.4 MMT of grain between July 1-Nov 22, 2018/19, up 12.9% from 20.7 MMT a year ago, including:

  • wheat – 19.8 MMT (up 23.7% from year ago);
  • barley – 2.5 MMT (down by 14.6%);
  • corn – 783,000 MT (twice down)

- Russia has 3,260,900 MT of grain in its federal intervention fund as of Nov 23 vs. 3,967,600 MT year ago

- Farmers in Russia harvested 73.4 MMT of wheat as of Nov 22, yields totals 2.79 mt/ha (vs. 88 MMT, 3.22 mt/ha in 2017)

- Russian farmers have planted 17.6 million hectares (102.5% of the planned area) of winter crops as of Nov 22 vs. 17.1 million hectares a year ago

- EU in week ended Nov 16 awarded licenses to import 85,244 MT of common wheat under reduced-tariff quota open to all origins apart from the US and Canada

- FranceAgriMer estimated winter wheat planting 97% done as of Nov 18, matching last year’s pace. FranceAgriMer said that 82% of French soft wheat was in good to excellent condition, unchanged from a week earlier but down from 96% a year ago

- Argentina's Ag Min forecast 2018/19 wheat production at 19.7 MMT, up 8.1% from 18.5 MMT in 2017/18. Wheat exports is forecasted in 2018/19 (Dec-Nov) at 13.5 vs. 12 MMT in previous season

- Buenos Aires Grains Exchange cut its forecast of Argentine 2018/19 wheat production to 19.2 MMT from 19.4 MMT previously

- Rosario grain exchange cut its forecast of Argentine 2018/19 wheat production to 18.7 MMT from 19 MMT expected previously

- Canadian all-wheat exports in 2018/19 are forecast to rise by 2% to 22.3 MMT (21.9 MMT in 2017/18) because of strong demand for wheat in world markets and less competition from Australia, Russia and Ukraine

- International Grains Council (IGC) slightly lowered its forecast for global wheat production in 2018/19 by 0.3 MMT to 728.5 MMT (767.1 MMT in 2017/18), mostly reflecting down-revise this month for Ukraine and EU. Forecast of ending stocks was trimmed by 0.2 MMT to 261.8 MMT (272.5 MMT in 2017/18)

- IGC said world wheat area for 2019/20 would rise by about 1% to 220 million hectares, the first expansion in four years

- China's October 2018 wheat imports fell 45.8% on year to 220,000 MT

CORN

- Nov 26 - South Korea's Nonghyup Feed Inc. (Nofi) bought 69,000 MT of US corn from Dreyfus at 202.81 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for April 10 arrival

- Nov 23 - Tunisia's state grains agency bought 75,000 MT (3x25 TMT) of optional-origin feed barley from Glencore at 255.24; 255.74 and 256.24 $/mt c&f for Dec 25-Feb 15 shipment

- Nov 23 - Turkey's TMO bought 75,000 MT of feed barley for Dec 1-Jan 9 shipment:

  • 22,500 MT from Hakan Agro at 256 $/mt c&f Mersin;
  • 30,000 MT from Aston at 256.5 $/mt c&f Izmir;
  • 7,500 MT from Tradefield at 254 $/mt c&f Tekirdag;
  • 7,500 MT from Tradefield at 248.5 $/mt c&f Samsun;
  • 7,500 MT from Tradefield at 249.5 $/mt c&f Trabzon

- Nov 23 - South Korea's MFG bought between 55,000 to 70,000 MT of optional-origin corn at 204.50 $/mt c&f+1.00 $/mt surcharge for additional port unloading for arrival April 24

- Nov 23 - USDA announced export sales of 132,000 MT of US corn for delivery to South Korea during 2018/19

- Weekly US corn export sales data for week ended Nov 15 totaled 882,400 MT, incl. 877,400 MT for 2018/19 (within expectations for 600-900 TMT). Export commitments for 2018/19 are running 13% ahead of year-ago

- Ukrainian farmers harvested 32.2 MMT of corn from 92% of planned area as of Nov 22, yields totaled 7.63 mt/ha

- Farmers in Russia harvested 17.7 MMT of barley as of Nov 22, yields totals 2.24 mt/ha (vs. 21.7 MMT, 2.81 mt/ha in 2017)

- Farmers in Russia harvested 10.6 MMT of corn as of Nov 22, yields totals 4.89 mt/ha (vs. 11 MMT, 5.11 mt/ha in 2017)

- EU in week ended Nov 16 awarded licenses to import 2,500 MT of Ukrainian barley under an annual duty-free quota. The award meant that the EU had now awarded 19.9% (122,245 MT) out of a total volume of 615,000 MT available in 2018

- FranceAgriMer said French farmers completed harvesting of corn as of Nov 18 vs. 99% a week ago and 100% a year ago

- FranceAgriMer estimated winter barley planting 99% done as of Nov 18, behind of last year’s pace of 100%

- Agroconsult forecasts Brazil's 2018/19 corn crop at 95.3 MMT compared to 80.8 MMT in previous season. Brazil corn exports are seen jumping to 31 MMT next year versus 22 MMT projected for 2018

- 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 0.5 MMT to 22.5 MMT vs. 25.65 MMT in previous season

- Argentina's Ag Min forecast 2018/19 barley production at 4.6 MMT, up 23% from 3.74 MMT in 2017/18. Barley exports is forecasted in 2018/19 (Dec-Nov) at 2.65 vs. 2.45 MMT in previous season

- Argentina's Ag Min lowered its sorghum acreage estimate for the 2018/19 to 607,000 hectares from 610,000 ha in October, down 5.2% from 640,000 ha in 2017/18

- Buenos Aires Grain Exchange forecast Argentina's 2018/19 barley production at 3.8 MMT

- IGC trimmed its forecast of the global corn crop in 2018/19 by 0.3 MMT to 1.073 billion tones (1.047 BMT in 2017/18). An improved crop outlook in Ukraine is expected to mostly offset lower output from the US and EU. IGC upped its forecast for 2018/19 global corn carryover by 0.4 MMT from October to 266.3 MMT vs. 305.3 MMT in 2017/18

- Canadian barley exports are forecast to decrease by 17% to 2.4 MMT in 2018/19 (2.88 MMT a year ago) due to lower total supplies. With higher production and sharply lower carry-in stocks, total supply is forecast to decrease by 5% to 9.5 MMT. Barley carry-out stocks at the end of 2018/19 season are forecast to decrease by 20% to 1.0 MMT or near record low levels

- China approved imports of barley and corn from Kazakhstan

- China imported 80,000 MT of corn in October, up 9.9% from a year ago

- China's October 2018 barley imports fell 52% on year to 330,000 MT

- China imported 20,000 MT of sorghum in October, down 94% on year

- China confirmed swine fever outbreaks in Beijing, Inner Mongolia and Hubei province, and an outbreak of highly pathogenic H5N6 avian flu in Yangzhou city

SOYBEAN

- Nov 28 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for Jan 10-25 arrival

- Nov 23 - USDA announced export sales of 120,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- Weekly US soybeans export sales data for week ended Nov 15 totaled 684,400 MT, incl. 680,500 MT for 2018/19 (within trade expectations for 550-850 TMT). Export commitments for 2018/19 are running 32% behind of year-ago

- Weekly US soymeal export sales data for week ended Nov 15 of 239,300 MT, incl. 229,700 MT for 2018/19, within trade expectations of 200-500 TMT. Export commitments for 2018/19 are running 16% ahead of year-ago

- IGC trimmed its forecast for 2018/19 global soybean production by 2 MMT to 367.4 MMT (340.1 MMT in 2017/18). IGC cut its estimate of global 2018/19 soybean carryover to 50.7 MMT (39.7 MMT in 2017/18), down by 3.6 MMT from prior forecast

- Argentina's Ag Min expects the country to plant 17.5 million hectares of soybean for the 2018/19, up 1.7% from 17.2 mln ha in 2017/18. Forecast of soybean exports in 2017/18 (Apr 2018-Mar 2019) was upped by 0.5 MMT to 4 MMT (7.23 MMT in 2016/17)

- Agroconsult forecasts Brazil's 2018/19 soybean crop at a record 123-129 MMT vs. 120 MMT in 2017/18. It projects a record soybean exports in 2018 at 82.1 MMT (68.5 MMT in 2017) and forecasts exports at 73.2 MMT for 2019

- China imported 5,216 MT of soymeal in October, up 200% from a year ago

- Canadian exports of canola are forecast to rise by 5% in 2018/19 to 11.5 MMT (10.9 MMT in 2017/18), based on strong world demand for canola

- Canadian soybeans exports in 2018/19 are forecast at a record 5.7 MMT vs. 5 MMT in 2017/18

- Ukrainian farmers harvested 13.8 MMT of sunflower seed from 99.8% of planned area as of Nov 22, yields totaled 2.28 mt/ha

- Ukrainian farmers harvested 4.3 MMT of soybeans from 99% of planned area as of Nov 22, yields totaled 2.57 mt/ha

- Ukrainian October sunflower oil production was reported at 533 TMT, up 26.5% from prior month and up 4.2% from last year. Jan-Oct 2018 sunoil production totalled 3.757 MMT, down 11.5% from the same period in 2017

- Farmers in Russia harvested 12.3 MMT of sunflowerseed as of Nov 22, yields totals 1.6 mt/ha (vs. 8.9 MMT, 1.54 mt/ha in 2017)

- Farmers in Russia harvested 4 MMT of soybeans as of Nov 22, yields totals 1.53 mt/ha (vs. 3.7 MMT, 1.49 mt/ha in 2017)

- Farmers in Russia harvested 2.1 MMT of rapeseed as of Nov 22, yields totals 1.43 mt/ha (vs. 1.6 MMT, 1.75 mt/ha in 2017)

- Russia produced 3.5 MMT of sunflower oil during first ten months of 2018, down 3.4% from the same period last year

- Surveyor Intertek Testing Services estimated Malaysia's November 1-25 palm oil exports at 1,041,433 MT down 2.6% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's November 1-25 palm oil exports at 1,039,690 MT down 5.2% from a month ago

- Indonesia has decided to cut is palm oil levy to zero due to the current low prices for the vegetable oil. Indonesia currently imposes a $50 levy per tonne of crude palm oil and $20 to $40 levies per tonne for palm oil products

FeedDinner 2019