WHEAT

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

- March 6 - Japan bought 8,770 MT of feed wheat for Aug 29 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 March 13

- Weekly US wheat export sales data for week ended Feb 28 totaled 826,700 MT, incl. 621,700 MT for 2018/19, topped expectation (200-500 TMT). Export commitments for 2018/19 are running 2% ahead of year-ago

- Russia’s Ag Min said Russia exported 34.5 MMT of grain between July 1-Feb 28, 2018/19, down 0.7% from 34.8 MMT a year ago

- Russia had 2,322,600 MT of grain in its federal intervention fund as of March 1 vs. 2,427,600 MT a week ago and 3,966,700 MT a year ago

- Ukraine's Ag Min said Ukraine exported about 33.4 MMT of grain between July 1-March 6, 2018/19, including 12.7 MMT of wheat and 16.8 MMT of corn

- Egypt aims to procure 3.6 MMT of wheat from local farmers in the coming season that starts in April vs. 3.15 MMT last year. The state will pay farmers between 655-685 EGP/ardeb (38-39 USD/150 kg) of wheat depending on quality

CORN

- March 7 - South Korea's Nonghyup Feed Inc. (NOFI) bought 205,000 MT of optional-origin corn:

  • 68,000 MT from Cofco at 197.19 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Aug 10 arrival;
  • 69,000 MT from Olam at 192.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Aug 23 arrival;
  • 68,000 MT from Cofco at 192.40 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Sept 15 arrival

- March 6 - South Korea's Nonghyup Feed Inc. (NOFI) in a private deal bought 137,000 MT of optional-origin corn:

  • 69,000 MT from Cargill at around 195.55 $/mt c&f for Aug 30 arrival;
  • 68,000 MT from Cofco at 193.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Sept 10 arrival

- March 6 - South Korea's KFA (Korea Feed Association) in a private deal bought 130,000 MT of optional-origin corn:

  • 65,000 MT from Dreyfus at 195.30 $/mt c&f for arrival around Aug 30;
  • 65,000 MT from Cofco at 193.89 $/mt c&f for arrival around Sept 30

- March 6 - South Korea's Feed Leaders Committee (FLC) in a private deal bought 68,000 MT of optional-origin corn (from the US or South America) from ADM at 195.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Aug 30 arrival

- March 6 - Argentina registered 153,000 MT of corn for export

- March 6 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley and re-tender on March 20

- Weekly US corn export sales data for week ended Feb 28 totaled 1,250,600 MT, incl. 969,700 MT for 2018/19, within expectations (700-1100 TMT). Export commitments for 2018/19 are running 1% behind of year-ago

- Ukraine’s Ag Min estimated early spring grain planting 3% done as of March 7. Ukrainian farmers planted 58,000 ha of spring crops, thereof 34,000 ha of barley (2% of plan) and 23,000 ha of peas (7% of plan)

SOYBEAN

- March 6 - Argentina registered around 511,000 MT of soymeal for export             

- March 6 - Egypt’s GASC bought 42,000 MT of soybean oil: 6,000 MT of local oil from Watanya/Cargill at 12,460 EGP/mt (712 $/mt) and 36,000 MT of imported soyoil from Hakan at 715 $/mt c&f for Apr 15-30 arrival, but made no purchase of sunflower oil

- Weekly US soybeans export sales data for week ended Feb 28 totaled 383,400 MT, incl. 311,400 MT for 2018/19, well below expectations (600-1000 TMT). Export commitments for 2018/19 are running 18% behind of year-ago

- Weekly US soymeal export sales data for week ended Feb 28 of 201,800 MT, incl. 230,500 MT for 2018/19, within expectations (100-250 TMT). Export commitments for 2018/19 are running 7% ahead of year-ago

- Indian Apr-Feb 2018/19 soybean meal exports are estimated at 1.08 MMT vs. 1.117 MMT during the same period of last season

- Indian Apr-Feb 2018/19 rapeseed meal exports are estimated at 962,990 MT vs. 538,988 MT during the same period of last season