WHEAT

- March 5 - Algeria's OAIC seeks at least 50,000 MT of optional-origin durum wheat for April shipment. Offers must remain valid until March 6

- March 4 - The lowest offer in Iraq’s tender for 50,000 MT of hard wheat came in at 294.13 $/mt cif for US wheat. The tender closed on March 4 and offers must remain valid up to March 10

- The lowest offer in Bangladesh’s tender for 50,000 MT of wheat came in at 271.75 $/mt c&f liner out from J.K. International. Other offers were: Aston – 282.37 $/mt, Atri Trading – 279.65 $/mt, Swiss Singapore Overseas – 280.41 $/mt

- March 1 - Saudi Arabia’s SAGO bought 625,000 MT of wheat (12.5% protein) of EU, North and South American (excl. Canadian) and Australian origin at an average price of 248.16 $/mt c&f in 10 consignments for Apr-June shipment to the ports of Jeddah (320 TMT), Dammam (250 TMT) and Jizan (55 TMT):

  • Jeddah sea port:
    • 65,000 MT from Cargill at 243.67 $/mt c&f (Apr 20-30)
    • 65,000 MT from ADM Hellas at 243.12 $/mt c&f (May 10-20)
    • 60,000 MT from Olam at 242.19 $/mt c&f (May 20-30)
    • 65,000 MT from ADM Hellas at 245.99 $/mt c&f (June 1-10)
    • 65,000 MT from Cofco at 248.13 $/mt c&f (June 20-30)
  • Dammam Sea Port:
    • 65,000 MT from Cargill at 251.42 $/mt c&f (April 20-30)
    • 65,000 MT from ADM Hellas at 251.62 $/mt c&f (May 10-20)
    • 60,000 MT from Louis Dreyfus at 250.57 $/mt c&f (June 1-10)
    • 60,000 MT from Louis Dreyfus at 251.68 $/mt c&f (June 20-30)
  • Jizan Sea Port:
    • 55,000 MT from Cargill at 254.11 $/mt c&f (June 1-10)

- South Korea's MFG purchased 30,000 MT of feed wheat, likely Canadian, from Agrocorp at 254.25 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for May 30 arrival

- UN aid agency recently purchased around 20,000-25,000 MT of Romanian wheat for donation to Djibouti for March delivery

- US wheat export inspections for week, ending Feb 28, recorded 440,314 MT, below trade expectations (600-800 TMT). Inspections for 2018/19 are running 7.2% behind of year-ago

- EU this season in period of July 1-March 3, 2018/19 exported 11.684 MMT of soft wheat compared to 13.888 MMT a year ago

- FranceAgriMer estimated 85% of French soft wheat crops were in good/excellent condition by Feb 25, unchanged vs week earlier and compared to 83% a year earlier     

- ABARES forecasts 2019/20 Australian wheat crop at 23.918 MMT, up 38.3% from 17.298 MMT in 2018/19. Exports are seen at 14.21 MMT vs. 10.152 MMT in 2018/19

- Russia’s Ag Min said Russia exported 33.9 MMT of grain between July 1-Feb 21, 2018/19, up 0.7% from 33.7 MMT a year ago

- Russia had 2,427,600 MT of grain in its federal intervention fund as of Feb 22 vs. 2,566,900 MT a week ago and 3,966,700 MT a year ago

CORN

- March 12 - Turkey's TMO seeks 300,000 MT (24x12.5 TMT) of corn for March 25-April 12 and April 25-May 13 shipment

- March 4 - USDA announced export sales of 100,500 MT of US corn for delivery to Colombia during 2018/19

- US corn export inspections for week, ending Feb 28, reported 865,617 MT, within market expectations (750-950 TMT). Inspections for 2018/19 are running 35.9% ahead of year-ago

- EU this season in period of July 1-March 3, 2018/19 imported 16.59 MMT of corn (maize) vs. 11.469 MMT a year ago

- EU this season in period of July 1-March 3, 2018/19 exported 1.386 MMT of corn vs. 869,475 MT a year ago

- EU this season in period of July 1-March 3, 2018/19 exported 3.043 MMT of barley vs. 3.983 MMT a year ago

- EU this season in period of July 1-March 3, 2018/19 exported 1.826 MMT of malt in barley equivalent vs. 1.936 MMT a year ago

- Brazil’s Trade Ministry reported February corn exports at 1.752 MMT, down from 4.224 MMT in January but up vs. 1.254 MMT in the year-ago month

- FranceAgriMer estimated 80% of French winter barley crops were in good/excellent condition by Feb 25, unchanged from prior week and vs. 80% a year earlier. An estimated 73% of the spring barley area had been sown by Feb 25, up from 17% a year ago

- ABARES forecasts 2019/20 Australian barley crop at 8.786 MMT, up 5.7% from 8.31 MMT in 2018/19

- ABARES forecasts 2019/20 Australian sorghum crop at 1.953 MMT, up 49.9% from 1.303 MMT in 2018/19

SOYBEAN

- March 6 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for April 15-30 arrival

- US soybean export inspections for week, ending Feb 28, reported 843,925 MT, below trade estimates (0.9-1.3 MMT). Inspections for the 2018/19 marketing year are running 33.1% behind of year-ago

- FCStone raised its 2018/19 Brazilian soybean crop forecast to 113 MMT from 112.2 MMT previously forecasted

- Brazil’s Trade Ministry reported February soybean exports at 6.091 MMT, up from 2.154 MT in January and vs. 2.864 MMT a year ago. Also Brazil exported 976,447 MT of soymeal in February versus 1.261 MMT the month before and 1.355 MMT a year ago; and 36,635 MT of soyoil compared to 39,563 MT in January and 125,641 MT a year ago

- EU this season in period of July 1-March 3, 2018/19 imported 9.438 MMT of soybeans vs. 8.734 MMT a year ago

- EU this season in period of July 1-March 3, 2018/19 imported 11.789 MMT of soymeal vs. 13 MMT a year ago

- EU this season in period of July 1-March 3, 2018/19 imported 2.975 MMT of rapeseed vs. 2.804 MMT a year ago

- EU this season in period of July 1-March 3, 2018/19 imported 342,588 MT of sunflowerseed vs. 370,614 MT a year ago

- EU this season in period of July 1-March 3, 2018/19 imported 2.044 MMT of sunflower meal vs. 2.386 MMT a year ago

- EU this season in period of July 1-March 3, 2018/19 imported 999,306 MT of sunflower oil vs. 1.169 MMT a year ago

- EU this season in period of July 1-March 3, 2018/19 imported 4.156 MMT of palm oil vs. 4.32 MMT a year ago

- Argentine January soybean crush was reported at 2.5 MMT, up 1.6% from 2.45 MMT in December but down 8.8% from last year

- Stocks of soybean oil at Argentine mills totals 230,552 MT at the end of January 2019, up by 30.8% from a year-ago

- Stocks of soymeal at Argentine mills totals 917,034 MT at the end of January 2019, up 7,8% over a year-ago

- Argentine January sunflower crush was reported at 282,259 MT, up 147.6% from 113,991 MT in December and up 22.7% from last year

- Stocks of sunoil at Argentine mills totals 103,274 MT at the end of January 2019, up by 97.5% from a year-ago        

- Stocks of sunflower meal at Argentine mills totals 88,290 MT at the end of January 2019, up by 268.7% from a year-ago

- Strategie Grains lowered forecast of the EU's 2019/20 soybean production from 2.8 to 2.76 MMT, up 0.9% from an estimated 2.74 MMT in 2018/19

- Strategie Grains cut its forecast of the EU's 2019/20 rapeseed production to 19.65 MMT from 19.96 MMT previously, down 1.7% from an estimated 19.99 MMT in 2018/19

- Strategie Grains trimmed forecast of the EU's 2019/20 sunflower seed production from 9.29 to 9.28 MMT, down from an estimated 9.51 MMT in 2018/19

- ABARES forecasts 2019/20 Australian canola crop at 3.685 MMT, up 69% from 2.18 MMT in 2018/19. Exports are seen at 2.643 MMT vs. 1.647 MMT in 2018/19

- GAPKI estimated Indonesia's January exports of palm oil and palm kernel oil at 3.1 MMT, up 5.1% from the previous month (2.95 MMT in Dec) and up 13.1% compared to Jan 2018 (2.74 MMT)