WHEAT

- Sept 5 - Japan bought 107,965 MT of food wheat for Oct-Dec shipments:

  • 11,312 MT of western white US wheat;
  • 13,905 MT of hard red winter US wheat;
  • 29,195 MT of dark northern spring US wheat;
  • 53,553 MT of Canadian western red spring wheat

- Sept 5 - Japan bought 9,500 MT of feed wheat for Feb 28 arrival via SBS-tender. New SBS tender for 120,000 MT of feed wheat and 200,000 MT of feed barley will be held on September 12

- Sept 5 - Egypt's GASC bought 60,000 MT of Russian wheat from Garant Logistics at 235 $/mt c&f (217.9 fob+17.1 freight) for October 21-30 shipment

- Sept 5 - Jordan bought 60,000 MT of optional-origin hard milling wheat from Ameropa at 257 $/mt c&f for first half of November shipment

- Weekly US wheat export sales data for week ended August 30 totalled 379,800 MT for 2018/19 (within trade expectations for 200-500 TMT). Export commitments for 2018/19 are running 25% behind of year-ago

- US wheat export inspections for week, ending Aug 30, recorded 391,920 MT, near the lower end of trade expectations. Inspections for 2018/19 are running 32.4% behind of year-ago

- USDA said the US spring wheat harvest was 87% complete by Sept 2, behind of average expectation of 89%, but in line with last-year pace and above the 5-year mean (75%)

- Farmers in Russia harvested 59.89 MMT of wheat from 68.5% of planned area as of Sept 7, down 17.3% from last-year stage, yields totals 3.21 mt/ha, 11.1% lower than a year-ago

- Ukraine exported 2.17 MMT of wheat in August 2018, down 12.4% on year (2.48 MMT in Aug 2017)

- FAO cut its forecast of global wheat production in 2018 to 721.8 MMT from 736.1 MMT projected in July (756.7 MMT in 2017), mostly on downward revisions in the EU and Russia. Trade in 2018/19 (July-June) now 1.8% below the 2017/18 record with reduced sales from the EU, Russia and Ukraine to be partially offset by higher shipments from the US. Stocks (ending in 2019) trimmed to 252.3 MMT (264.2 MMT previous forecast, 273.6 MMT in 2017/18)

- EU in week ended Aug 31 awarded licenses to import 129,920 MT of reduced-tariff wheat imports under its main quota open to all origins apart from the US

- Farmers in Bulgaria harvested 5.399 MMT of wheat from 99.9% of planned area as of August 30, down 6.3% from last-year stage, yields totals 4.74 mt/ha, 9.5% lower than a year-ago

- Bulgaria's Ag Min said Bulgaria exported 769,613 MT of wheat via port Varna between July 2-September 2, 2018, down 7.8% from a year-ago (834,737 MT)

- Statistics Canada (StatsCan) said Canadian wheat inventories fell 9.9% to 6.18 MMT as of Jul 31, slightly below an average trade estimates of 6.2 MMT

CORN

- Sept 7 - Saudi Arabia's state grain buyer SAGO is seeking 1.02 MMT of feed barley for Nov-Dec arrival

- Sept 7 - China sold 1,299,500 MT of corn from state reserves, or 32.9% of the offered amount, at average price of 1,453 RMB/mt (212 $/mt)

- Sept 6 - China sold 2,986,997 MT of corn from state reserves, or 75.2% of the offered amount, at average price of 1,570 RMB/mt (230 $/mt)

- Sept 5 - USDA announced export sales of 101,736 MT of US corn for delivery to Mexico during 2018/19

- Sept 4 - Jordan bought 60,000 MT of optional-origin feed barley from Aston at 263.5 $/mt c&f for Oct 16-31 shipment

- Weekly US corn export sales data for week ended August 30 of 1.063 MMT, incl. 30,100 MT for 2017/18 (within trade expectations of -200-+150 TMT) and 1,032,900 MT for 2018/19 (within expectations for 600-1100 TMT). Export commitments for 2017/18 are running 7% ahead of year-ago

- US corn export inspections for week, ending Aug 30, reported 1,334,565 MT, topped market expectations (0.9-1.3 MMT). Inspections for 2017/18 are running 1.4% ahead of year-ago

- USDA rated 67% of the country’s corn in good or excellent condition as of Sept 2, down 1% point from prior week and slightly behind of market expectations (68%), but better than last year’s 61%

- Informa Economics raised its US corn yield forecast by 2.8 bu 178.8 bushels per acre (bpa), which results in a US corn crop estimate of 14.621 billion bu for 2018

- Allendale expects the US corn crop at 14.529 billion bushels this year, with an average yield of 177.7 bpa

- FAO raised its forecast of global corn production in 2018 to 1,065.5 MMT from 1,044.7 MMT projected in July, indicating a 2.4% (26.7 MMT) decline from the 2017 record level. Global corn stocks (ending in 2019) revised up by 6.8 MMT from last month to 267.1 MMT, still well below their opening levels (309.2 MMT)

- Ukrainian farmers harvested 603,000 MT of corn from 2% of planned area as of Sept 7, yields totalled 5.63 mt/ha

- Agritel expects Ukraine to harvest 30.28 MMT of corn in 2018, up 23% from 24.67 MMT last year

- Ukraine exported 542 TMT of corn in August 2018, doubled from last year (270 TMT in Aug 2017)

- Ukraine exported 882 TMT of barley in August 2018, down 25.3% on year (1.18 MMT in Aug 2017)

- Farmers in Russia harvested 14.58 MMT of barley from 74.6% of planned area as of Sept 7, down 21.6% from last-year stage, yields totals 2.34 mt/ha, 18.6% lower than a year-ago

- Farmers in Russia harvested 634 TMT of corn from 8.3% of planned area as of Sept 7, down 10.8% from last-year stage, yields totals 3.08 mt/ha, 37.3% lower than a year-ago

- EU in week ended Aug 31 awarded licenses to import 10,000 MT of barley from any origin at reduced tariffs and 3,000 MT of duty-free barley from Ukraine under separate quotas

- Farmers in Bulgaria harvested 501,137 MT of barley from 99.8% of planned area as of August 30, down 19.2% from last-year stage, yields totals 4.36 mt/ha, 8.2% lower than a year-ago

- Farmers in Bulgaria harvested 32,203 MT of corn from 1% of planned area as of August 30, up 71% from last-year stage. Yields totals 7.15 mt/ha, 59.2% higher than a year-ago

- StatsCan said Canadian barley stocks fell 40.8% to 1.256 MMT as of Jul 31, slightly above the average market guess of 1.2 MMT

- Canada's stocks of lentils totalled 876 TMT as of July 31, 2018, up 561 TMT (+178.1%) from the same date in 2017. Meanwhile, total stocks of dry peas rose 116.7% to 650 TMT. Increases as of July 31, 2018, could be attributable to higher import tariffs introduced by India. Canadian exports of both dry peas and lentils as of July 31 were down substantially from the same date last year, with dry pea exports declining 21.1% to 3.1 MMT and lentil exports falling 36.8% to 1.6 MMT

- China reported 13th case of African swine fever

SOYBEAN

- Sept 7 - Argentina registered 135,120 MT of soymeal for export

- Sept 7 - China sold 2,000 MT of rapeseed oil from state reserves, or 11% of the offered amount, at average price of 6,000 RMB/mt (878 $/mt)

- Sept 5 - China sold 33,748 MT of 2013 soybeans from state reserves, or 31.2% of the offered amount, at average price of 3,002 RMB/mt (439 $/mt)

- Sept 4 - South Korea’s Agro-Fisheries & Food Trade Corp bought 15,000 MT of non-GM soybeans from Sinsong Food Corp (6,000 MT from the US at 594.77 $/mt) and Posco Daewoo (9,000 MT from China at 619 $/mt) for Nov 1-Dec 20 arrival

- Weekly US soybeans export sales data for week ended August 30 totalled 673,200 MT, incl. 0,600 MT for 2017/18 (within trade expectations of -200-+250 TMT) and 672,600 MT for 2018/19 (within trade expectations for 400-900 TMT). Export commitments for 2017/18 are running 3% behind of year-ago

- Weekly US soymeal export sales data for week ended August 30 of 358,800 MT, incl. 69,300 MT for 2017/18 (within expectations for 0-100 TMT) and 289,500 MT for 2018/19, within trade expectations of 100-400 TMT. Export commitments for 2017/18 are running 20% ahead of year-ago

- US soybean export inspections for week, ending Aug 30, reported 769,357 MT, near the lower end of trade estimates. Inspections for the 2017/18 marketing year are running 2.7% behind of year-ago

- USDA rated 66% of the country’s soybeans in good or excellent condition as of Sept 2, unchanged from prior week and matching market expectations, but better than last year’s 61%

- Informa Economics raised its US soybean yield forecast by 2.9 bu to 52.9 bpa, which results in a 4.698 billion-bu crop estimate

- Allendale expects the US soybean crop will total 4.636 billion bushels this year, with an average yield of 52.2 bpa

- USDA estimated US July soybean crush for crude oil at 5.366 million short tons, a 5.5% increase from June, above last year level (4.669 mln tons in July 2017) and average market expectation (5.35 mln tons). Crude soyoil stocks rose to 1.984 billion lbs as of July 31 from 1.933 in June, above the 1.628 bln lbs a year ago, while refined oil stocks were at 399.935 million lbs as of July 31 vs. 371.656 in June and 372.589 in July 2017. July US soy cake and meal stocks were at 462,350 tons vs. 359,823 in June and vs. 385,868 tons a year-ago

- Abiove upped its forecast of Brazil's 2018 soybean crop by 0.1 MMT to 118.8 MMT. Abiove also raised its forecast of 2018 soybean exports by 2.6 MMT to 76.1 MMT

- FAO upped its forecast for world soybean production in 2018/19 by 7.2 MMT to a new record 366.8 MMT (340.3 MMT in 2017/18) on above-average crop conditions in the US and a promising season in Brazil. Stocks (2018/19 carry out) forecast raised by 8.2 MMT to 47.4 MMT (39.9 MMT in 2017/18) on upward revisions for the US

- Ukrainian farmers harvested 2.2 MMT of sunflower seed from 18% of planned area as of Sept 7, yields totalled 2.01 mt/ha

- Ukrainian farmers harvested 340,000 MT of soybeans from 8% of planned area as of Sept 7, yields totalled 2.37 mt/ha

- Ukrainian farmers have planted 765,000 hectares of winter rapeseed (86% of plan) as of Sept 7

- Ukraine exported 656 TMT of rapeseed in August 2018, up 27% on year (517 TMT in Aug 2017)

- Ukraine exported 355 TMT of sunflower oil in August 2018, down 8.7% on year (388 TMT in Aug 2017)

- Farmers in Russia harvested 630 TMT of sunflower from 4.1% of planned area as of Sept 7, up 48.7% from last-year stage, yields totals 1.9 mt/ha, 11.4% lower than a year-ago

- Farmers in Russia harvested 561 TMT of soybeans from 10.9% of planned area as of Sept 7, up 196.4% from last-year stage, yields totals 1.75 mt/ha, 8.3% lower than a year-ago

- Farmers in Russia harvested 847 TMT of rapeseed from 33% of planned area as of Sept 7, up 38.2% from last-year stage, yields totals 1.62 mt/ha, 20.8% lower than a year-ago

- StatsCan said Canadian canola inventories rose 78.2% to 2.391 MMT as of Jul 31, below the average trade estimates of 2.5 MMT

- Farmers in Bulgaria harvested 456,184 MT of rapeseed from 100% of planned area as of August 30, down 0.4% from last-year stage. Yields totals 2.49 mt/ha, 12.6% lower than a year-ago

- Bulgaria's Ag Min said Bulgaria exported 78,146 MT of rapeseed via port Varna between July 2-September 2, 2018, up 20.1% from a year-ago (65,082 MT)

- Farmers in Bulgaria harvested 517,464 MT of sunflower from 26% of planned area as of August 30, up 13.1% from last-year stage. Yields totals 2.7 mt/ha, 24.4% higher than a year-ago

- Indian Apr-Aug 2018 soybean meal exports are estimated at 371,769 MT vs. 387,714 MT during the same period of last season

- Indian Apr-Aug 2018 rapeseed meal exports are estimated at 490,232 MT vs. 236,429 MT during the same period of last season

- Louis Dreyfus Company (LDC) opened its new oilseed processing facility in the China's northern city of Tianjin. The plant, purchased from Singapore-based Golden Agri-Resources last year, has a daily crushing capacity of 4,000 MT and oil refining capacity of 1,200 MT. It also has bottling and packaging facilities