WHEAT

- Jul 2 - Iraq seeks at least 50,000 MT of hard wheat from the US, Canada or Australia. The tender closes on Jul 2 and offers must remain valid up to Jul 8

- Jun 27 -Tunisia's state grains agency seeks 142,000 MT of optional-origin soft wheat for Aug-Sept and Nov shipment

- Jun 26 - Egypt's (GASC) bought 120,000 MT of Russian wheat from Aston at 217.5 $/mt c&f (201.95 fob+15.55 freight) for Aug 11-20 shipment

- Jun 26 - Taiwan Flour Millers' Association bought 95,350 MT of US milling wheat in two consignments:

  • The first consignment has an additional charge of 33 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Aug 8-22:
    • 25,450 MT of dark northern spring wheat (14.5% protein) from CHS at 257.84 $/mt fob;
    • 15,350 MT of hard red winter wheat (12.5% protein) from Columbia Grain at 244.75 $/mt fob;
    • 7,775 MT of soft white wheat (9% protein) from Columbia Grain at 224.54 $/mt fob.
  • The second consignment was bought from Columbia Grain and has an additional charge of 34.02 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Aug 25-Sept 8:
    • 25,100 MT of dark northern spring wheat (14.5% protein) at 258.35 $/mt fob;
    • 15,300 MT of hard red winter wheat (12.5% protein) at 247.34 $/mt fob;
    • 6,375 MT of soft white wheat (9% protein) at 227.73 $/mt fob

- US wheat export inspections for week, ending Jun 21, recorded 352,836 MT, within trade expectations (300-500 TMT). Inspections for 2018/19 are running 49.9% behind of year-ago

- USDA rated 37% of the US winter wheat crop in good to excellent condition as of June 24, down 2% points from prior week and behind of average expectation (38%), also down vs. 49% a year ago. USDA said the US winter wheat harvest was 41% complete, ahead of average expectation (40%), also above the last year’s 39% and the five-year average of 33%. USDA rated 77% of the US spring wheat crop in good-to-excellent condition as of June 24, down 1% point from prior week, behind of market expectation (78%) but significantly up compared to 40% a year-ago

- Syria is planning to import around 1.5 MMT of mostly Russian wheat this year, as local wheat procurement is expected at around half a million tonnes

- South Korea had lifted a temporary suspension on sales of Canadian wheat as it had not discovered any unapproved genetically modified strains

- Ukraine's Ag Min said Ukraine exported 39 MMT of grain between July 1-June 26 2017/18, including:

  • wheat – 17 MMT;
  • corn – 17.6 MMT;
  • barley – 4.2 MMT

- Ukrainian farmers have threshed 552,000 MT of winter wheat with the average yield of 2.98 mt/ha as of June 25

CORN

- Jun 27 -Tunisia's state grains agency seeks 100,000 MT of optional-origin feed barley for Aug-Sept shipment

- Jun 26 - South Korea's Nonghyup Feed Inc. (NOFI) bought 138,000 MT of South American corn from Cargill at around 207.89 $/mt c&f + 1.25 $/mt surcharge for additional port unloading in two consignments for Nov 25 and Dec 5 arrival

- Jun 26 - South Korea’s Major Feedmill Group (MFG) purchased about 69,000 MT of optional-origin corn from Cargill at 207.89 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Dec 5 arrival

- Jun 26 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley

- Jun 26 - Argentina registered 224,000 MT of corn for export

- US corn export inspections for week, ending Jun 21, reported 1,511,746 MT, within market expectations (1.1 -1.7 MMT). Inspections for 2017/18 are running 7.1% behind of year-ago

- USDA rated 77% of the country’s corn in good or excellent condition as of June 24, down 1% point from prior week but in line with expectations, also better than last year’s 67%

- Agroconsult lowered its forecast for Brazil's second corn crop to 55.2 MMT from 57 MMT previously, but left its export projection unchanged at 28 MMT

- Ukrainian farmers have threshed 1.135 MMT of winter barley with the average yield of 3.2 mt/ha as of June 25

- Ukrainian farmers have threshed 29,000 MT of peas with the average yield of 1.56 mt/ha as of June 25

SOYBEAN

- Jun 27 - China sold 106,859 MT of soybeans from state reserves, or 21% of the offered amount, at average price of 3,008 RMB/mt (455 $/mt)

- Jun 27 - China sold 1,991 MT of imported soy oil from state reserves, or 4% of the offered amount, at average price of 5,000 RMB/mt (760 $/mt)

- Jun 25 - USDA announced export sales of 186,000 MT of US soybeans for delivery to unknown destinations during 2017/18

- US soybean export inspections for week, ending Jun 21, reported 514,214 MT, within trade estimates (400-800 TMT). Inspections for the 2017/18 marketing year are running 6.6% behind of year-ago

- USDA rated 73% of the country’s soybeans in good or excellent condition as of June 24, unchanged from prior week and matching analyst expectations, better than last year’s 66%

- China will drop tariffs on soybeans, soymeal, soybean cake, rapeseed and fishmeal originating from Bangladesh, India, Laos, South Korea and Sri Lanka from July 1. Tariffs on soybeans are currently at 3%, rapeseed at 9%, soybean meal and cake at 5% and are 2% on fishmeal

- Ukrainian farmers harvested 130,000 MT of rapeseed as of June 25, yields totalled 1.74 mt/ha

- Surveyor SGS estimated Malaysia's June 1-25 palm oil exports at 862,215 MT down 14.1% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's June 1-25 palm oil exports at 860,217 MT down 12.6% from a month ago