WHEAT

- Jan 29 - Taiwan Flour Millers' Association seeks 55,000 MT of US milling wheat for Mar 29-Apr 12 shipment

- Jan 24 - Algeria's OAIC bought around 200,000-250,000 MT of optional-origin durum wheat at around 290-292 $/mt c&f for Feb 16-28 or March 1-15 shipment

- Jan 24 - Japan bought 102,057 MT of food wheat for Feb-Mar shipments:

  • 13,405 MT of western white US wheat;
  • 28,020 MT of dark northern spring US wheat;
  • 11,770 MT of hard red winter US wheat;
  • 24,302 MT of Canadian western red spring wheat;
  • 24,560 MT of Australian standard white wheat

- Feed mills in the Philippines earlier this week bought 50,000 MT of feed wheat from Australia at 280-282 $/mt c&f for shipment March 16-April 15

- Ukraine's Ag Min said Ukraine exported about 26.5 MMT of grain between July 1-Jan 23, 2018/19 vs. 22.9 MMT for the same period of last season, including 11.2 MMT of wheat (12 MMT a year ago) and 11.4 MMT of corn (7 MMT)

- Farm Futures' survey projected US all-wheat plantings for harvest in 2019 at 46.6 million acres, down 2.5% from last year

- Indonesian Flour Mills Association expects Indonesia will import 8.75-8.85 MMT of food-grade wheat this year, up 5-6% from previous year. In 2018, wheat imports by flour mills were estimated at 8.35 MMT, around 3.7% increase from a year earlier

- International Grains Council (IGC) raised its estimate for global wheat production in 2018/19 by 8.8 MMT to 737.3 MMT (767.4 MMT in 2017/18), reflecting upward revises this month for India, Russia, EU, Kazakhstan and Canada. Forecast of ending stocks was lifted by 0.9 MMT to 262.7 MMT (270.2 MMT in 2017/18)

- IGC expects world wheat production in 2019/20 would rise by about 2% to 751 MMT, due to increases in area and average yields

- Argentina's Ag Min lowered its forecast of 2018/19 wheat production by 140,000 MT to 19.26 MMT, up 4.1% from 18.5 MMT in 2017/18. Wheat exports forecast for 2018/19 (Dec-Nov) was left at 13 MMT vs. 11.83 MMT in previous season

- SAGIS estimated S. Africa's December wheat imports at 15,950 MT vs. 80,172 MT in November. Oct-Dec 2018 imports fell 74.6% on year to 157,041 MT (619,334 MT in Oct-Dec 2017)

- Sovecon upped its forecast of Russian 2018/19 grain and pulses exports from 43.8 to 44.6 MMT, including 35.6 MMT of wheat (up 500 TMT from previous forecast)

CORN

- Jan 30 - Jordan seeks 120,000 MT of optional-origin feed barley

- Jan 28 - Indonesia's state food procurement agency Bulog is seeking to purchase and import from Argentina and/or Brazil about 150,000 MT of feed corn for arrival by March 31

- According to Farm Futures' survey, US corn seedings may rise this spring to 90.3 million acres, up 1.3% from 2018

- According to Farm Futures' survey, US sorghum plantings may drop this year to 5.1 million acres, down 12.1% from 2018

- IGC upped its estimate of the global corn crop in 2018/19 by 2.5 MMT to 1.076 billion tones (1.047 BMT in 2017/18), driven by upward revisions for Ukraine (35.5 MMT versus 33.5 MMT) and the EU (65.0 MMT vs. 61.5 MMT). Lower estimates of corn crops in Brazil (93.5 MMT vs. 95.1 million) and South Africa (10.7 MMT vs 12.3 MMT) helped partially to offset those revisions. IGC upped its forecast for 2018/19 global corn carryover by 4.6 MMT from November to 270.9 MMT vs. 303.7 MMT in 2017/18

- Argentina's Ag Min raised its forecast of 2018/19 barley production by 460,000 MT to 5.06 MMT, up 35.3% from 3.74 MMT in 2017/18. Barley exports forecast for 2018/19 (Dec-Nov) was upped by 300,000 MT to 3.00 MMT vs. 2.47 MMT in previous season

- Argentina's Ag Min lowered its sorghum acreage estimate for the 2018/19 to 590,000 hectares from 607,000 ha in December, down 7.8% from 640,000 ha in 2017/18

- SAGIS estimated South Africa's corn stocks as of Dec 31 were at 6.07 MMT vs. 6.991 MMT a month ago and 7.323 MMT a year ago

- SAGIS estimated S. Africa's May-Dec 2018 corn exports at 1.879 MMT, down 0.1% on year (1.882 MMT in May-Dec 2017)

- Crop-eating armyworms, first confirmed in October, have spread across Sri Lanka and damaged crops. The pest has damaged half of the country's 80,000 hectares of maize and it has also infected rice and vegetable crops

SOYBEAN

- Feb 1 - South Korea’s Agro-Fisheries & Food Trade Corp seeks a total 100,000 MT of non-GM soybeans for Jan-Aug 2020 arrival

- Jan 23 - South Korea’s Agro-Fisheries & Food Trade Corp bought 50,000 MT of US non-GM soybeans from CJ International in two consignments of 25 TMT for arrival by Feb 20 and Mar 20, 2020

- According to Farm Futures' survey US farmers may plant 84.6 million acres of soybeans this spring, down 5.5% from last year

- IGC cut its forecast for 2018/19 global soybean production by 4.8 MMT to 362.6 MMT (340.6 MMT in 2017/18). IGC raised its estimate of global 2018/19 soybean carryover to 53.9 MMT (44.2 MMT in 2017/18), up by 3.2 MMT from prior forecast

- Argentine December soybean crush was reported at 2.45 MMT, down 22.6% from 3.17 MMT in November but up 12.7% from last year. In the full-year 2018, the country crushed 36.76 MMT of soybean vs. 41.82 MMT last year

- Stocks of soybean oil at Argentine mills totals 313,545 MT at the end of December 2018, up by 80.7% from a year-ago

- Stocks of soymeal at Argentine mills totals 1.109 MMT at the end of December 2018, up 21% over a year-ago

- Argentine December sunflower crush was reported at 113,991 MT, down 39.6% from 188,737 MT in November but up 5.1% from last year. In the full-year 2018, the country crushed 3.075 MMT of sunflower vs. 3.155 MMT previous year

- Stocks of sunoil at Argentine mills totals 100,698 MT at the end of December 2018, up by 83.6% from a year-ago

- Stocks of sunflower meal at Argentine mills totals 72,041 MT at the end of December 2018, up by 147.8% from a year-ago

- Ukrainian December sunflower oil production was reported at 525 TMT, up 1.5% from prior month and up 10.1% from last year. Full-year 2018 sunoil production totalled 4.799 MMT, down 7.7% from 2017

- Russia produced 4.5 MMT of sunflower oil during full-2018, down 2.8% from previous year

- Egypt plans to cut crude vegetable oil imports by 30% in the coming years. Egypt currently imports 97 percent of its food oil needs

- Indonesia will maintain export tax for crude palm oil at zero for February 2019, as the CPO reference price for February is set at 565.4 $/mt, below the threshold of 750 $/mt for taxes and 570 $/mt for levies. CPO export tax has stayed at zero since May 2017 due to low prices

- Surveyor Intertek Testing Services estimated Malaysia's January 1-25 palm oil exports at 1,203,512 MT up 18.5% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's January 1-25 palm oil exports at 1,213,277 MT up 24.6% from a month ago