WHEAT

- March 13 - Bangladesh seeks 50,000 MT of optional origin milling wheat, 12.5% protein, for shipping within 40 days of the signing of the contract. The deadline to submit offers is March 13, with validity up to March 27

- March 5 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for Aug-Sept shipment

- March 1 - Saudi Arabia’s SAGO seeks 595,000 MT of wheat, 12.5% protein, in 10 consignments for April-June shipment

- Importers in Thailand purchased about 110,000 МТ of new crop feed wheat from the Black Sea region at 212.75 $/mt c&f liner out for September shipment

- Weekly US wheat export sales data for week ended Feb 21 totaled 537,400 MT, incl. 476,400 MT for 2018/19, within expectation (200-500 TMT). Export commitments for 2018/19 are running 1% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 32.3 MMT of grain between July 1-Feb 27, 2018/19 vs. 26.9 MMT for the same period of last season, including 12.5 MMT of wheat (13.2 MMT a year ago) and 15.8 MMT of corn (9.6 MMT)

- SAGIS estimated S. Africa's January wheat imports at 27,503 MT vs. 15,955 MT in December. Oct-Jan 2018/19 imports fell 75.2% on year to 184,608 MT (745,834 MT in Oct-Jan 2017/18)

- Sovecon upped its forecast of Russian 2018/19 wheat exports from 35.6 to 35.9 MMT

- Indian farmers are expected to harvest 99.12 MMT of wheat in crop year 2019, up from 97.11 MMT in the previous year

CORN

- March 6 - Jordan seeks 120,000 MT of optional-origin feed barley for Sept-Oct shipment

- March 3 - Qatar seeks 100,000 MT of optional-origin barley for Mar-Jun shipment

- Feb 27 - Jordan bought 60,000 MT of optional-origin feed barley from GTCS at 204 $/mt c&f for shipment in the second half of August

- Feb 27 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on March 6       

- Feb 28 - USDA announced export sales of 301,000 MT of US corn for delivery during 2018/19 to Mexico (168 TMT) and South Korea (133 TMT)

- Feb 28 - South Korea's KFA (Korea Feed Association) bought 128,000 MT of optional-origin corn in two consignments:

  • The first consignment was purchased from Pan Ocean at 204.99 $/mt c&f + 1.00 $/mt surcharge for additional port unloading for arrival around July 20; and
  • The second consignment was purchased from CJ International at 198.30 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for arrival around August 25

- Feb 27 - South Korea's Feed Leaders Committee (FLC) bought around 68,000 MT of corn, likely from South America, from Pan Ocean at 199.79 $/mt c&f for July 25 arrival

- Feb 26 - South Korea's Major Feedmill Group (MFG) in a private deal bought 68,000 MT of corn, likely from South America, from Dreyfus at 202.23 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for July 30 arrival

- Feb 26 - South Korea's KFA (Korea Feed Association) in a private deal bought 65,000 MT of corn, likely from South America, from CHS at 200.9 $/mt c&f for July 30 arrival

- Weekly US corn export sales data for week ended Feb 21 totaled 1,360,400 MT, incl. 1,239,900 MT for 2018/19, topped expectations (700-1200 TMT). Export commitments for 2018/19 are running 1% ahead of year-ago

- India is likely to import up to 1 MMT of corn this year as lower production and growing domestic poultry consumption boosts demand for overseas purchases

- Indian farmers are expected to harvest 27.8 MMT of corn in 2019, against 27.14 MMT produced a year earlier

- South Africa's Crop Estimates Committee (CEC) released the first estimate of domestic corn production for the 2019 crop. CEC forecasts 10.51 MMT of corn output this year, by 16% less than last year (12.51 MMT in 2018)

- SAGIS estimated South Africa's corn stocks as of Jan 31 were at 5.104 MMT vs. 6.068 MMT a month ago and 6.409 MMT a year ago

- SAGIS estimated S. Africa's May-Jan 2018/19 corn exports at 2 MMT, down 0.5% on year (2.011 MMT in May-Jan 2017/18)

- SAGIS estimated S. Africa’s January corn imports at 50,231 MT vs. zero a year ago

- Malawi's maize output rose 27% to 3.3 MMT in the 2018/19

SOYBEAN

- Weekly US soybeans export sales data for week ended Feb 21 totaled 2,196,200 MT, incl. 2,196,000 MT for 2018/19, well above expectations (500-1000 TMT). Export commitments for 2018/19 are running 14% behind of year-ago

- Weekly US soymeal export sales data for week ended Feb 21 of 152,600 MT, incl. 113,600 MT for 2018/19, within expectations (50-400 TMT). Export commitments for 2018/19 are running 7% ahead of year-ago

- CEC in its first forecast expects S. Africa’s 2019 soybean crop at 1.276 MMT, down 17.1% from 1.54 MMT in 2018

- CEC forecasts S. Africa’s 2019 sunflower crop at 563,590 MT, down 34.6% from 862,000 MT in 2018

- Surveyor Intertek Testing Services estimated Malaysia's February 1-28 palm oil exports at 1,243,308 MT down 15.2% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's February 1-28 palm oil exports at 1,257,777 MT down 14.5% from a month ago

- Surveyor SGS estimated Malaysia's February 1-28 palm oil exports at 1,231,858 MT down 15.3% from a month ago