WHEAT

- Sept 19 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for Nov 16-Dec 31 shipment

- Sept 14 - Saudi Arabia’s SAGO bought 630,000 MT of hard wheat (12.5% protein) of EU, North and South American (excl. Canadian) and Australian origin at an average price of 270.22 $/mt c&f in 10 consignments for Nov-Dec shipment to the ports of Jeddah (380 TMT), Dammam (195 TMT) and Jizan (55 TMT):

  • Jeddah sea port:
    • 65,000 MT from Cargill at 267.62 $/mt c&f (Nov 1-10)
    • 65,000 MT from Bunge at 267.27 $/mt c&f (Nov 10-20)
    • 65,000 MT from Bunge at 267.28 $/mt c&f (Nov 20-30)
    • 65,000 MT from Cofco Resources at 269.73 $/mt c&f (Dec 1-10)
    • 60,000 MT from Louis Dreyfus at 267.97 $/mt c&f (Dec 10-20)
    • 60,000 MT from Louis Dreyfus at 269.46 $/mt c&f (Dec 20-30)
  • Dammam Sea Port:
    • 65,000 MT from Cargill at 274.37 $/mt c&f (Nov 1-10)
    • 65,000 MT from Cofco Resources at 274.85 $/mt c&f (Nov 20-30)
    • 65,000 MT from Bunge at 274.23 $/mt c&f (Dec 10-20)
  • Jizan Sea Port:
    • 55,000 MT hard wheat from Glencore at 269.04 $/mt c&f (Dec 1-10)

- Sept 14 - Tunisia's state grains agency bought 75,000 MT of optional-origin durum wheat and 67,000 MT of soft wheat for Oct-Dec shipment:

  • 25,000 MT of soft milling wheat from Louis Dreyfus at 232.85 $/mt c&f;
  • 25,000 MT of soft milling wheat from Cofco at 230.78 $/mt c&f;
  • 17,000 MT of soft milling wheat from Casillo at 234.68 $/mt c&f;
  • 25,000 MT of durum wheat from Glencore at 268.23 $/mt c&f;
  • 25,000 MT of durum wheat from Glencore at 270.27 $/mt c&f;
  • 25,000 MT of durum wheat from Glencore at 272.10 $/mt c&f

- Sept 17 - China auctioned 2,833 MT of imported 2013 wheat from state reserves, or 0.3% of the offered amount at average price of 2,062 RMB/mt (300 $/mt)

- Sept 14 - China auctioned 5,143 MT of imported 2013 wheat from state reserves, or 0.5% of the offered amount at average price of 2,188 RMB/mt (319 $/mt)

- US wheat export inspections for week, ending Sept 13, recorded 406,004 MT, within trade expectations (350-500 TMT). Inspections for 2018/19 are running 30.1% behind of year-ago

- Russia’s Ag Min said Russia exported 12.083 MMT of grain between July 1-Sept 13, 2018/19, up 32.9% from 9.095 MMT a year ago, including:

  • wheat – 10.186 MMT (up 48% from year ago);
  • barley – 1.43 MMT (down by 9.9%);
  • corn – 369,000 MT (down by 34.7%)

- Russia has 3,506,900 MT of grain in its federal intervention fund as of Sept 14 vs. 3,509,700 MT week ago and 3,978,600 MT year ago

- Farmers in Russia harvested 62.9 MMT of wheat as of Sept 17, down from 78.2 MMT last year, yields totals 3.08 mt/ha

CORN

- Sept 19 - Algeria’s OAIC seeks 75,000 MT of feed barley for November shipment

- Sept 18 - Jordan seeks 120,000 MT of optional-origin feed barley

- Sept 14 - Tunisia's state grains agency bought 50,000 MT of optional-origin feed barley for Oct-Dec shipment:

  • 25,000 MT of feed barley from Ameropa at 254.50 $/mt c&f;
  • 25,000 MT of feed barley from ADM at 254.68 $/mt c&f

- Sept 14 - China sold 1,026,049 MT of corn from state reserves, or 25.7% of the offered amount, at average price of 1,444 RMB/mt (211 $/mt)

- US corn export inspections for week, ending Sept 13, reported 1,030,267 MT, topped market expectations (0.85-1.2 MMT). Inspections for 2018/19 are running 25.1% ahead of year-ago

- Farmers in Russia harvested 15.6 MMT of barley as of Sept 17, down from 19.7 MMT last year, yields totals 2.31 mt/ha

- Farmers in Russia harvested 1.3 MMT of corn as of Sept 17, down from 2.1 MMT last year, yields totals 3.47 mt/ha

- MARS lowered its yield forecast for this year's EU corn to 7.49 mt/ha from 7.57 mt/ha last month, down 4.6% from last year but 2.6% above the five-year average

- MARS trimmed its yield estimate for this year's EU barley (winter and spring) to 4.69 mt/ha from 4.71 mt/ha last month, down 4.1% from last year and 4.3% below the five-year mean

SOYBEAN

- Sept 17 - USDA announced export sales of 241,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- US soybean export inspections for week, ending Sept 13, reported 784,752 MT, within trade estimates (0.7-1 MMT). Inspections for the 2018/19 marketing year are running 20.7% behind of year-ago

- NOPA said its members crushed a smaller-than-expected 158.885 million bushels of soybeans during August (163.87 million bu – average expectations). NOPA processors crashed 167.733 mln bu in July and 142.424 mln bu a year ago. Soyoil stocks fell to 1.623 billion lbs as of August 31 from 1.764 a month earlier, below the average expectations of 1.762 billion lbs but above last year’s level of 1.417 billion lbs. Soymeal exports rose to 761,899 tons from 737,465 tons in July and vs. 426,896 tons a year-ago

- Farmers in Russia harvested 1.3 MMT of sunflowerseed as of Sept 17, down from 1.5 MMT last year, yields totals 1.92 mt/ha

- Farmers in Russia harvested 1.2 MMT of soybeans as of Sept 17, up from 595,400 MT last year, yields totals 1.83 mt/ha

- Farmers in Russia harvested 1.2 MMT of rapeseed as of Sept 17, up from 941,000 MT last year, yields totals 1.59 mt/ha

- MARS lowered its yield forecast for this year's EU sunflower seed to 2.41 mt/ha from 2.45 mt/ha last month, down 1.8% from 2017, but up 14% over the 5-year average

- Surveyor Intertek Testing Services estimated Malaysia's September 1-15 palm oil exports at 752,317 MT up 77.2% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's September 1-15 palm oil exports at 742,997 MT up 78.7% from a month ago