WHEAT

- Feb 12 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for June-Aug shipment

- Feb 7 - Japan bought 131,165 MT of food wheat for Feb-Mar shipments:

  • 8,219 MT of western white US wheat;
  • 26,990 MT of hard red winter US wheat;
  • 24,283 MT of dark northern spring US wheat;
  • 36,728 MT of Canadian western red spring wheat;
  • 34,945 MT of Australian standard white wheat

- Feb 6 - Japan bought 7,200 MT of feed wheat for July 25 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 Feb 13

- Weekly US wheat export sales data for week ended Dec 27 totaled 593,000 MT for 2018/19. Export commitments for 2018/19 are running 9% behind of year-ago

- Egypt has enough strategic wheat reserves to cover its needs for 3.6 months

- FranceAgriMer raised its forecast for French soft wheat stocks at the end of the 2018/19 to 2.921 MMT from 2.772 MMT projected last month (2.984 MMT in 2017/18). Projected exports outside the EU was upped from 8.7 to 8.85 MMT, up 9% from 8.117 MMT in 2017/18, while forecast of shipments within the EU was lowered from 7.727 to 7.557 MMT, down 18.5% from 9.268 MMT in 2017/18

- FAO raised its estimate of global wheat production in 2018 to 728.4 MMT from 725.1 MMT projected in Dec (760.3 MMT in 2017). Stocks (ending in 2019) were upped this month by 2.4 MMT to 266.9 MMT, but below their record high opening levels of 277.3 MMT

CORN

- Feb 6 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley and re-tender on Feb 13

- Weekly US corn export sales data for week ended Dec 27 totaled 503,100 MT for 2018/19. Export commitments for 2018/19 are running 19% ahead of year-ago

- FranceAgriMer raised its forecast for French corn stocks at the end of the 2018/19 to 2.169 MMT from 1.956 MMT in Jan and vs. 2.549 MMT in 2017/18. France's 2018/19 corn exports are forecasted at 4.58 MMT down from 4.663 MMT in Jan and down vs. 5.316 MMT a year ago

- FranceAgriMer raised its forecast of France's 2018/19 barley ending stocks to 1.532 MMT from 1.288 MT in Jan (1.514 MMT in 2017/18). France's 2018/19 barley exports (without malt) is expected at 6.235 MMT (6.399 MMT – previous forecast) up 4% from 5.992 MMT a year ago

- FAO significantly raised its estimate of global corn production in 2018 to 1,080.5 MMT from 1,068.4 MMT projected in Dec, with upward revisions in the EU, Nigeria, Russia and Ukraine. Global corn stocks (ending in 2019) lifted by 7.2 MMT to 274.7 MMT (312.8 MMT in 2017/18)

SOYBEAN

- Feb 6 - USDA announced export sales of 768,000 MT of US soybeans for delivery:

  • 586,000 MT to China during 2018/19 (523 TMT) and 2019/20 (63 TMT);
  • 182,000 MT to unknown destinations during 2018/19

- Weekly US soybeans export sales data for week ended Dec 27 totaled 1,056,800 MT, incl. 1,051,500 MT for 2018/19. Export commitments for 2018/19 are running 24% behind of year-ago

- Weekly US soymeal export sales data for week ended Dec 27 of 40,300 MT, incl. 40,600 MT for 2018/19. Export commitments for 2018/19 are running 11% ahead of year-ago

- FAO lowered its forecast for world soybean production in 2018/19 by 4.7 MMT to 364.3 MMT (341.5 MMT in 2017/18), because unfavourable weather conditions affecting crops in parts of South America. Stocks (2018/19 carry-out) revised down by 1.6 MMT to 53.7 MMT (40.8 MMT in 2017/18)

- GAPKI said Indonesia's 2018 exports of palm oils, including oleochemical and biodiesel shipments, rose 8% from a year earlier to 34.6 MMT