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Grain Highlights - Nov 18-Dec 3 Dec. 3, 2014

WHEAT

- Dec 21 - Maldives tenders to buy 6,000 tons of wheat flour

- Dec 16 - Ethiopia tenders to buy 70,000 tons of optional milling wheat

- Dec 14 - Bangladesh tenders to buy 50,000 tons of optional origin wheat

- Turkey TMO tenders for total 27,500 tons of durum wheat for Dec-Jan shipment. Deadline for all the durum tenders is Dec 11 with offers to be valid until Dec 12

- Dec 4 - Japan seeks 146,660 tons of US, Canadian food wheat for Jan- Feb shipment

- Dec 3 - Egypt GASC seeks wheat for Jan 1-10 shipment

- 30 Nov - Bangladesh gets lowest offer of 270 $/t cif from Glencore in tender to buy 50,000 tons of wheat

- Nov 28 - South Korean flour mills CJ Cheiljedang Corp. and Dong A One jointly purchased 30,850 tons of US milling wheat

- Nov 26 - South Korea Samyang bought 31,000 tons of US milling wheat for April - May shipment

- Southeast Asian millers bought 200,000 tons of Australian wheat for Feb-Mar shipment

- Nov 25 - Morocco ONICL bought 171,600 tons of soft wheat in local market

- Nov 24 - Saudi Arabia (GSFMO) bought 345,000 tons of hard wheat (min 12.5% protein) for delivery between February-March 2015:

  • Jeddah Port:
  • 60 KMT of hard wheat from Glencore at 276.68 $/t c&f for shipment Feb 10-20
  • 60 KMT of hard wheat from Louis Dreyfus at 275.94 $/t c&f for shipment March 1-10
  • 55 KMT of hard wheat from Noble at 283.45 $/t c&f for shipment March 20-30
  • Dammam Port:
  • 55 KMT of hard wheat from Noble at 292 $/t c&f for shipment Feb 10-20
  • 55 KMT of hard wheat from Noble at 290.95 $/t c&f for shipment March 1-10
  • 60 KMT of hard wheat from Louis Dreyfus at 287.34 $/t c&f for shipment March 20-30

- Nov 21 - Turkey bought 100,000 tons of optional-origin durum wheat at between 513.96 to 539 $/t c&f for Dec-Jan shipment

- Nov 21 - Philippines bought 116,550 tons of optional worldwide-origin feed wheat for March-May 2015 shipment

- Nov 20 - Taiwan bought 82,050 tons of US milling wheat for Jan-Feb shipment

- Nov 20 – Egypt (GASC) bought 60 KMT of French wheat for shipment December 21-31 from Soufflet at 259.87 $/t c&f (243.74 $/t fob plus $16.13 freight)

- Iranian importers recently purchased a shipment of about 65,000 tons of Russian milling wheat

- Nov 19 - Jordan bought 100,000 tons of hard milling wheat at 287.5 $/t c&f for Apr-May shipment

- Nov 19 - Tunisia bought 100,000 tons of milling wheat at 252.46-257.89 $/t c&f for Dec-Jan shipment

- Nov 19 - Qatar bought 20,000 tons of milling wheat, likely Australian origin, for Jan shipment

- Nov 19 - Israel canceled tender to buy 25,000 tons of optional origin feed wheat for Jan-Feb shipment

- ABARES estimated Australian wheat production at 23.22 MMT, down from the 24.23 MMT estimated in September

- Kazakhstan's Ag Min said Kazakhstan exported 2.914 MMT of grain between July 1 – November 30 vs. 3.642 MMT a year ago

- Kazakhstan Ag Min said as of Dec 3 Kazakhstan had harvested 18.915 MMT of grain (bunker weight) from 99.1% of this year's total sown area vs. 20.82 MMT of grain (bunker weight) from 99.4% area a year ago

- Dec 3 - Russia bought 6,345 tons of intervention grains making the total bought since Sept 30th at 268,495 tons

- Russia Ag Min said Russian's wheat harvest is complete. Russian farmers harvested 62.3 MMT of wheat vs. 54.4 MMT a year ago

- Russia Ag Min said Russia has exported 17.682 MMT of grain between July 1 – Nov 24 up 22.8% from a year ago

- News of tighter quality rules in Russia for grain exports made traders nervous about a slowdown in shipments from the major wheat supplier

- Russian grain lobby asks government not to curb exports

- Sovecon estimated Russia's 2015 grain crop may fall to 86 MMT vs. 104 MMT in 2014

- Britain's farm ministry estimated UK 2014/15 wheat imports at 1.3 MMT down 41% from a year ago

- Pakistan have rejected imports of about 20,000 tons of wheat due to concerns about quality

- Crop Estimates Committee raised South Africa's 2014 wheat output estimate to 1.791 MMT from 1.787 MMT previously

- Chinese grain output expected to grow for 11th consecutive year

- Ukraine's Ag Min said Ukraine has exported 15.491 MMT of grain between July 1 – Dec 2 including wheat – 7.439 MMT, corn – 4.491 MMT and barley – 3.374 MMT

CORN

- Dec 1 - USDA announced 126,000 tons of US corn sold to unknown destinations for 2014/15 shipment

- Nov 28 - USDA announced 109,736 tons of US corn sold to Costa Rica for 2014/15 shipment

- Nov 26 - South Korea MFG bought 126,000 tons of optional origins corn at 213.95 and 214.25 $/t c&f plus a 1.50 $/t surcharge for additional port unloading for arrival in March 2015

- Nov 25 - South Korea NOFI bought 123,000 tons of optional origins corn at 212.75 and 212.99 $/t c&f plus a 1.50 $/t surcharge for additional port unloading for arrival in March 2015

- Nov 21 - USDA announced 132,000 tons of US corn sold to unknown destinations for 2014/15 shipment

- Nov 20 - USDA announced 101,600 tons of US corn sold to unknown destinations for 2014/15 shipment

- Nov 19 - Israel bought 147,000 tons of optional origin (likely from the Black Sea region) corn for Jan-Apr shipment

- Nov 19 - South Korea MFG bought 50,000 tons of optional origins corn at 211.79 $/t c&f plus a 1.50 $/t surcharge for additional port unloading for Feb-Mar shipment

- Nov 19 - South Korea KFA bought 50,000 tons of optional origins corn at 214.85 $/t c&f plus a 1.50 $/t surcharge for additional port unloading for arrival in March 2015

- Nov 19 - South Korea KOCOPIA bought 55,000 tons of optional origins corn at 224.35 $/t c&f for arrival in March 2015

- China launches 2014/15 corn stockpiling scheme, prices unchanged (2,220-2,260 yuan/ t). China corn stockpile to last until end-April 2015

- China's corn stocks are likely to exceed 120 MMT at the end of the 2014/15 and the stock to use ratio is expected to surpass 60%, a historic high, according to a report released by an industrial portal cngrain

- Growers group AGPM estimated French corn crop in France at a record 18 MMT vs. previous estimate of 17.25 MMT

- Brazil exports 2.979 MMT of corn in November vs. 3.178 MMT in October and 3.912 MMT a year ago

- Brazil exports 92.00 mln liters ethanol in November vs. 101.40 mln ltr in October and 184.00 mln ltr a year ago

SOYBEAN

- Nov 26 - USDA announced 120,000 tons of US soybeans sold to China for 2014/15 shipment

- Nov 25 - South Korea MFG bought 53,000 tons of South American corn at 450.89 $/t c&f plus a 1.50 $/t surcharge for additional port unloading for arrival around Apr 30, 2015

- Nov 25 - Brazil extended a moratorium on buying soy grown in illegally cleared land in the Amazon rainforest as the government tries to protect the region

- Nov 24 - USDA announced the following export sales:

  • 235,000 tons of US soybeans sold to China for 2014/15 shipment
  • 174,000 tons of US soybean cake and meal to Thailand for 2015/16 shipment

- Nov 21 - Philippines bought 85,000 tons of US soymeal for March-April 2015 shipment

- Nov 20 - USDA announced 140,000 tons of US soybeans sold to unknown destinations for 2014/15 shipment

- Nov 19 - USDA announced 125,000 tons of US soybeans sold to unknown destinations for 2014/15 shipment

- Nov 18 - USDA announced 100,607 tons of US soybeans sold to unknown destinations for 2014/15 shipment

- Brazil exports 0.18 MMT of soybeans in November vs. 0.74 MMT in October and 0.65 MMT a year ago

- Brazil exports 0.98 MMT of soy meal in November vs. 1.18 MMT in October and 1.27 MMT a year ago

- Brazil exports 100,700 tons of soy oil in November vs. 96,910 tons in October and 87,000 tons a year ago

- AgRural expects a record Brazilian soybean crop of 94.9 MMT this season. Planting of Brazil's 2014/15 soy crop was 85% complete as of Nov 28 vs. 76% a week earlier and vs. 89% a year ago

SORGHUM

- China's quarantine authority said it had approved sorghum imports from Argentina

- Nov 25 - USDA announced 116 KMT of US sorghum sold to unknown destinations for 2014/15 shipment

- Nov 24 - USDA announced 116 KMT of US sorghum sold to unknown destinations for 2014/15 shipment

BARLEY

- Dec 9 - Turkey TMO tenders for 100,000 tons of of feed barley for Dec-Jan shipment

- Private Iranian importers seek about 50,000 tons of Ukrainian feed barley for nearby shipment

- Nov 19 - Tunisia bought 50,000 tons of feed barley at 231.93 and 233.93 $/t c&f for Dec-Jan shipment

RICE

- Nov 25 - Vietnam lowered the export price floor for the 25-% broken variety by 7% to 380 $/t fob

- Vietnam's Jan-Nov rice exports dip 2.7% to 6.03 MMT

- Nov 20 - Iraq bought of 150 KMT of US and Thai rice

OTHERS

- Pakistani importers purchased about 137 KMT of canola (rapeseed) from Canada and Australia at between 480 to 495 $/t c&f for January-March 2015 shipment and more purchases are expected

- ABARES estimated Australian canola production at 3.324 MMT, down from the 3.39 MMT estimated in September

- Surveyor SGS estimated Malaysia's November palm oil exports at 1.311 MMT down 10.5% from a month ago

- Indonesia keeps Dec crude palm oil export tax at zero

- Indonesia's Oct palm oil exports soar 46% m/m to 2.47 MMT

- Bird flu kills thousands of birds on two Canadian farms