WHEAT

- Dec 19 - Syria's trade ministry is seeking 50,000 MT of flour in an international purchasing tender

- Dec 12 - Jordan seeks 120,000 MT of optional-origin hard milling wheat

- Dec 7 - USDA announced export sales of 224,000 MT of US hard red winter wheat for delivery to unknown destinations during 2018/19

- Dec 6 - Egypt's GASC bought 350,000 MT of wheat from the Russia (290 TMT) and Ukraine (60 TMT) for January 21-31 shipment:

  • 60,000 MT of Russian wheat from Daewoo at 252.20 $/mt c&f (236.30 fob Novo+15.90 freight);
  • 55,000 MT of Russian wheat from Glencore at 253.25 $/mt c&f (236.30 fob Taman+16.95 freight);
  • 60,000 MT of Russian wheat from Aston at 253.25 $/mt c&f (237.35 fob Novo+15.90 freight);
  • 60,000 MT of Ukrainian wheat from Dreyfus at 253.30 $/mt c&f (236.60 fob Odesa+16.70 freight);
  • 55,000 MT of Russian wheat from Daewoo at 253.35 $/mt c&f (236.75 fob Tuapse+16.60 freight);
  • 60,000 MT of Russian wheat from GTCS at 253.50 $/mt c&f (237.60 fob Novo+15.90 freight)

- Dec 6 - Importers in Thailand bought 68,100 MT of feed wheat optionally from Argentina or Ukraine at 255.85 $/mt c&f liner out for January shipment

- Dec 6 - Japan bought 143,643 MT of food wheat for Jan-Mar shipments:

  • 24,160 MT of western white US wheat;
  • 11,115 MT of dark northern spring US wheat;
  • 27,700 MT of hard red winter US wheat;
  • 59,378 MT of Canadian western red spring wheat;
  • 21,290 MT of Australian standard white wheat

- Dec 5 - Taiwan Flour Millers' Association bought 110 MT of US milling wheat in two consignments:

  • The first consignment has an additional charge of 27.69 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Jan 22-Feb 5:
    • 29,795 MT of dark northern spring wheat (14.5% protein) from Itochu at 259.26 $/mt fob;
    • 18,910 MT of hard red winter wheat (12.5% protein) from CHS at 255.62 $/mt fob;
    • 6,295 MT of soft white wheat (9% protein) from CHS at 235.29 $/mt fob.
  • The second consignment was bought from Columbia Grain and has an additional charge of 27.93 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Feb 7-21:
    • 31,515 MT of dark northern spring wheat (14.5% protein) at 258.62 $/mt fob;
    • 18,955 MT of hard red winter wheat (12.5% protein) at 255.30 $/mt fob;
    • 4,530 MT of soft white wheat (9% protein) at 232.73 $/mt fob

- Weekly US wheat export sales data for week ended Nov 29 totaled 711,800 MT for 2018/19 (topped trade expectations for 300-600 TMT). Export commitments for 2018/19 are running 11% behind of year-ago

- FAO lowered its forecast of global wheat production in 2018 to 725.1 MMT from 727.9 MMT projected in Nov (760.3 MMT in 2017), mostly on downward revisions in Russia and Turkey. Stocks (ending in 2019) almost unchanged this month at 264.5 MMT, but 4.4% below their record high opening levels of 276.7 MMT

- Statistics Canada raised its 2018 crop estimate for all-wheat to 31.8 MMT from 31 MMT previously, above average market expectation of 31.4 MMT and up from 30 MMT in 2017

- Ukraine exported 1.85 MMT of wheat in November 2018, up 1.1% on year (1.83 MMT in Nov 2017)

CORN

- Dec 13 - Jordan seeks 120,000 MT of optional-origin feed barley

- Dec 6 - USDA announced export sales of 198,120 MT of US corn for delivery to Mexico during 2018/19 (106,680 MT) and 2019/20 (91,440 MT)

- Dec 5 - Algerian’s ONAB bought 40,000 MT of Argentine corn at 204.37 $/mt c&f for Dec 15-31 shipment

- Weekly US corn export sales data for week ended Nov 29 totaled 1,177,500 MT for 2018/19 (topped expectations for 800-1100 TMT). Export commitments for 2018/19 are running 17% ahead of year-ago

- FAO trimmed its forecast of global corn production in 2018 to 1,068.4 MMT from 1,068.9 MMT projected in Nov, with lower anticipated harvests in Russia and the US more than offsetting a significant upward revision in Ukraine. Global corn stocks (ending in 2019) almost unchanged from last month and still 14% below their record opening levels

- Statistics Canada lowered its 2018 corn for grain crop estimate to 13.9 MMT from 14.5 MMT in Sept, behind expectations of 14.1 MMT and down 1.5% from 2017

- Statistics Canada raised its 2018 crop estimate for barley to 8.4 MMT from 8.2 MMT in Sept, above expectations of 8.2 MMT and up 6.2% from 2017, while left for oats at 3.4 MMT, ahead expectation (3.2 MMT), but down 8% from 2017

- Statistics Canada lowered its 2018 peas crop estimate to 3.6 MMT from 3.7 MMT in Sept, behind expectations of 3.8 MMT and down 12.9% from 2017

- Ukraine exported 3.12 MMT of corn in Nov 2018, up 97.2% from last year (1.58 MMT in Nov 2017)

- Ukraine exported 271 TMT of barley in Nov 2018, up 61.5% on year (168 TMT in Nov 2017)

SOYBEAN

- Dec 5 - Algerian’s ONAB bought 40,000 MT of optional-origin soymeal at 376.2 $/mt c&f for Jan 1-15 shipment

- Weekly US soybeans export sales data for week ended Nov 29 totaled 895,000 MT, incl. 890,900 MT for 2018/19 (within trade expectations for 600-900 TMT). Export commitments for 2018/19 are running 33% behind of year-ago

- Weekly US soymeal export sales data for week ended Nov 29 of 287,300 MT for 2018/19, within trade expectations of 175-400 TMT. Export commitments for 2018/19 are running 18% ahead of year-ago

- FAO lowered its forecast for world soybean production in 2018/19 by 2.1 MMT to 369 MMT (341.5 MMT in 2017/18), with reductions in the US and Russia only partially offset by higher forecasts for Argentina. Stocks (2018/19 carry-out) revised up by 1.1 MMT to 55.3 MMT (41.1 MMT in 2017/18)

- China will ramp up imports of Argentine soyoil after Argentina begins harvesting its next soy crop in March. China agreed to buy 300,000 to 400,000 MT of soyoil from Argentina

- Rosario grain exchange said that Argentina soybean exports to China could jump to a record 14 MMT this season if the trade war between China and the US continues. In the 2017/18 season Argentina exported only 4 MMT of soybeans versus 7.2 MMT in the 2016/17

- Statistics Canada lowered its 2018 crop estimate for soybeans to 7.3 MMT from 7.5 MMT in Sept, below average expectation of 7.4 MMT and down 5.8% from 2017

- Statistics Canada cut its 2018 canola crop estimate to 20.3 MMT from 21 MMT in Sept, below average expectation of 20.8 MMT and down 4.6% from 2017

- Ukraine exported 324 TMT of rapeseed in November 2018, up 100% on year (162 TMT in Nov 2017)

- Ukraine exported 287 TMT of soybeans in November 2018, down 44.6% on year (518 TMT in Nov 2017)

- Ukraine exported 575 TMT of sunflower oil in November 2018, up 26.4% on year (455 TMT in Nov 2017)