WHEAT

- Jan 16 - South Korea's Nonghyup Feed Inc. (Nofi) bought 65,000 MT of optional-origin feed wheat from Cargill at 254.25 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for May 15 arrival

- Jan 16 - Japan bought 6,000 MT of feed wheat for March 14 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 January 23

- Ukraine's Ag Min said Ukraine exported about 25.7 MMT of grain between July 1-Jan 16, 2018/19 vs. 22.1 MMT for the same period of last season, including 11.1 MMT of wheat (11.6 MMT a year ago) and 10.8 MMT of corn (6.6 MMT)

- Russia’s Ag Min said Russia exported 29.4 MMT of grain between July 1-Jan 10, 2018/19, up 4.3% from 28.2 MMT a year ago, including:

  • wheat – 24.7 MMT (up 12.8% from year ago);
  • barley – 3.1 MMT (down by 14.8%);
  • corn – 1.2 MMT (down by 49.4%)

- Russia's Ag Min not discussing imposing any limits on grain exports abroad. The ministry expectes a grain harvest of 114.3 MMT this year

CORN

- Jan 17 - Indonesia's state food procurement agency Bulog is seeking to purchase and import from Argentina and/or Brazil about 30,000 MT of feed corn for Feb 28 arrival

- Jan 16 - South Korea's Nonghyup Feed Inc. (NOFI) bought 135,000 MT of optional-origin corn:

  • 66 TMT from Posco Daewoo at 207.88 $/mt c&f + 1.15 $/mt surcharge for additional port unloading for May 10 arrival;
  • 69 TMT from Cargill at 207.35 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for May 25 arrival

- Jan 16 - South Korea's KFA (Korea Feed Association) bought 65,000 MT of optional-origin corn from Posco Daewoo at 207.99 $/mt c&f for May 1 arrival

- Jan 16 - South Korea's KOCOPIA bought 60,000 MT of optional-origin corn from Pan Ocean at 209.97 $/mt c&f including a surcharge for additional port unloading for March 30 arrival

- Jan 16 - Jordan bought 60,000 MT of optional-origin feed barley from Aston at 258.5 $/mt c&f for May 1-15 shipment

- Jan 15 - Iran's SLAL held international tenders to buy 300,000 MT of feed barley, 300,000 MT of corn and 300,000 MT of soymeal but no purchases were believed to have been made

- China will likely sell off the last of its ageing corn stocks this year, returning stocks of the grain to "normal levels"

- China has culled 916,000 pigs after around 100 outbreaks of African swine fever in the country

SOYBEAN

- Jan 15 - Egypt’s GASC bought 60,000 MT of soybean oil: 30,000 MT at 11,721 EGP/mt (654 $/mt) from Watanya/Cargill (15 TMT) and Alexseeds (15 TMT), and 30,000 MT at 685 $/mt c&f from ADM for March 15-31 arrival. Also GASC bought 15,000 MT of sunflower oil from Hakan Agro at 683 $/mt c&f with facilities 180 days for March 1-15 arrival

- NOPA said its members crushed a bigger-than-expected 171.759 million bushels of soybeans during December (170.016 million bu – average expectations). NOPA processors crashed 166.959 mln bu in November and 166.305 mln bu a year ago. Soyoil stocks rose to 1.498 billion lbs as of Dec 31 from 1.484 a month earlier, but below the average expectations of 1.571 billion lbs and last year’s level of 1.518 billion lbs. Soymeal exports decreased to 826,404 tons from 901,449 tons in November and vs. 921,726 tons a year-ago

- Malaysia will maintain its crude palm oil export tax at 0% in February 2019, the same rate as the previous month. Malaysia calculated a reference price of 1,904.44 MYR/mt for February