WHEAT

- April 19 - Ethiopia seeks around 400,000 MT of optional-origin milling wheat for shipment two months after contract award 

- March 15 - South Korea's Major Feedmill Group (MFG) purchased 65,000 MT of feed wheat, likely from Black Sea region, from Cargill at 214.24 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Sept 5 arrival

- March 14 - A group of flour mills in South Korea seeks at least 33,700 MT of milling wheat from the US for July 16-Aug 15 shipment and 30,800 MT from Australia for June 19-July 19 shipment:

  • The US purchase included:
    • hard red winter wheat (12.5% protein) at 219.43 $/mt fob;
    • northern spring wheat (14% protein) at 246.87 $/mt fob;
    • soft white wheat (10.5% protein) at 207.82 $/mt fob;
    • western/soft white wheat (9.5% protein) at 210 $/mt fob;
    • soft white wheat (8.5% protein) at 211.86 $/mt fob.
  • The Australian purchase involved:
    • standard white wheat at around 257 $/mt fob;
    • hard wheat at around 282 $/mt fob

- Importers in the Philippines last week bought about 55,000 MT of Australian standard white wheat at about 260-265 $/mt, c&f for June shipment

- US wheat export inspections for week, ending March 14, recorded 353,727 MT, below trade expectations (400-700 TMT). Inspections for 2018/19 are running 6.2% behind of year-ago

- EU this season in period of July 1-March 17, 2018/19 exported 12.971 MMT of soft wheat compared to 14.642 MMT a year ago

- FranceAgriMer estimated 85% of French soft wheat crops were in good/excellent condition by March 11, down 1% point from week earlier but up compared to 80% a year earlier

- MARS forecasts that average soft wheat yield in the EU would rise 7.4% this year to 6.04 mt/ha from 5.63 mt/ha in 2018 and 1.7% above the five-year mean

- Japan's February grain imports rose 1.9% on year to 2.076 MMT, incl. 1.308 MMT from the US (up by 12.1%)

CORN

- South Korea's Major Feedmill Group (MFG) in a deal last week purchased 69,000 MT of optional-origin corn from Dreyfus at 189.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 5 arrival

- Brazil's Conab may sell as much as 500,000 Mt of public stocks of corn stored in Mato Grosso after prices spiked in the internal market

- US corn export inspections for week, ending March 14, reported 795,241 MT, within market expectations (750-950 TMT). Inspections for 2018/19 are running 25.7% ahead of year-ago

- EU this season in period of July 1-March 17, 2018/19 imported 17.509 MMT of corn (maize) vs. 12.424 MMT a year ago

- EU this season in period of July 1-March 17, 2018/19 exported 1.625 MMT of corn vs. 954,321 MT a year ago

- EU this season in period of July 1-March 17, 2018/19 exported 3.186 MMT of barley vs. 4.268 MMT a year ago

- EU this season in period of July 1-March 17, 2018/19 exported 1.923 MMT of malt in barley equivalent vs. 2.043 MMT a year ago

- FranceAgriMer estimated 81% of French winter barley crops were in good/excellent condition by March 11, up 1% point from prior week and vs. 78% a year earlier. An estimated 97% of the spring barley area had been sown by March 11, up from 35% a year ago

- MARS expects EU’s winter barley yield at 6.02 mt/ha, up 9.6% from 2018 (5.49 mt/ha) and 4.1% above the five-year average

SOYBEAN

- US soybean export inspections for week, ending March 14, reported 841,888 MT, within trade estimates (800-1000 TMT). Inspections for the 2018/19 marketing year are running 31.2% behind of year-ago

- NOPA said its members crushed a smaller-than-expected 154.498 million bushels of soybeans during February (158.730 million bu – average expectations, 154.700-164.271 – range).  NOPA processors crashed 171.630 mln bu in January and 153.719 mln bu a year ago. Soyoil stocks rose to 1.752 billion lbs as of Feb 28 from 1.549 a month earlier, above the average expectations of 1.612 billion lbs but below last year’s level of 1.856 billion lbs. Soymeal exports decreased to 784,660 tons from 905,923 tons in January but above the 755,103 tons a year-ago

- Japan's February soybean imports fell 8.7% on year to 210,174 MT, incl. 176,283 MT from the US (down by 13.2%)

- India imported 1.243 MMT of veg oils (edible & non-edible) in February vs. 1.275 MMT in January, up 7.4% from 1.157 MMT a year ago

- India imported 497,655 MT of crude palm oil in February vs. 645,308 MT in January and vs. 546,009 MT a year ago. India's Nov-Feb 2018/19 imports totals 2.382 MMT vs. 2.387 MMT a year ago

- India imported 241,101 MT of RBD palmolein in February vs. 167,429 MT in January and vs. 202,409 MT a year ago. India's Nov-Feb 2018/19 imports totals 647,900 MT vs. 607,359 MT a year ago

- India imported 220,376 MT of soybean oil in February vs. 185,906 MT in January and vs. 133,787 MT a year ago. India's Nov-Feb 2018/19 imports totals 695,420 MT vs. 711,835 MT a year ago

- India imported 200,358 MT of sunflower oil in February vs. 200,027 MT in January and vs. 212,531 MT a year ago. India's Nov-Feb 2018/19 imports totals 801,759 MT vs. 813,827 MT a year ago

- India's stock of edible oils at various ports and in pipelines as of March 1, 2019 increase to 2.195 MMT from 2.11 MMT a month ago and vs. the last year's 2.197 MMT. India's monthly requirement is about 1.9 MMT

- Surveyor SGS estimated Malaysia's March 1-15 palm oil exports at 697,483 MT up 3.5% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's March 1-15 palm oil exports at 676,553 MT down 1.35% from a month ago

- Surveyor Intertek Testing Services estimated Malaysia's March 1-15 palm oil exports at 651,319 MT down 5.2% from a month ago

- EU this season in period of July 1-March 17, 2018/19 imported 10.17 MMT of soybeans vs. 9.192 MMT a year ago

- EU this season in period of July 1-March 17, 2018/19 imported 12.436 MMT of soymeal vs. 13.675 MMT a year ago

- EU this season in period of July 1-March 17, 2018/19 imported 3.269 MMT of rapeseed vs. 3.049 MMT a year ago

- EU this season in period of July 1-March 17, 2018/19 imported 358,306 MT of sunflowerseed vs. 383,975 MT a year ago

- EU this season in period of July 1-March 17, 2018/19 imported 2.206 MMT of sunflower meal vs. 2.642 MMT a year ago

- EU this season in period of July 1-March 17, 2018/19 imported 1.101 MMT of sunflower oil vs. 1.203 MMT a year ago

- EU this season in period of July 1-March 17, 2018/19 imported 4.591 MMT of palm oil vs. 4.53 MMT a year ago

- MARS expects EU’s rapeseed yield at 3.19 mt/ha, up 12% from 2018 (2.85 mt/ha) but 1.4% below the five-year average