WHEAT

- April 10 - 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 April 10, with validity up to April 24

-  The lowest offer in Bangladesh’s tender for 50,000 MT of wheat came in at 267.1 $/mt c&f liner out from J.K. International. Other offers were: Swiss Singapore Overseas – 276 $/mt, Agrocorp – 277.38 $/mt, Phoenix – 289.79 $/mt. The deadline to submit offers is March 25, with validity up to April 4

- March 26 - Egypt’s GASC seeks an unspecified amount of wheat from global suppliers for April 25-May 5 shipment   

- Egypt will go back to paying its wheat suppliers within 180 days instead of immediately

- March 22 - South Korea's Major Feedmill Group (MFG) in a private deal purchased 65,000 MT of optional-origin feed wheat from Olam at 212.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 5 arrival

- March 22 - South Korea's Nonghyup Feed Inc. (Nofi) bought 60,000 MT of optional-origin feed wheat from CHS at 214.20 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for Sept 25 arrival

- South Korea's Feed Leaders Committee (FLC) in a private deal last week purchased about 65,000 MT of optional-origin feed wheat from Cargill at 212.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Sept 30 arrival           

- March 22 - Taiwan Flour Millers' Association bought 110 MT of US milling wheat from Cargill in two consignments:

  • The first consignment has an additional charge of 28.48 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between May 10-24:
    • 27,910 MT of dark northern spring wheat (14.5% protein) at 254.13 $/mt fob;
    • 19,665 MT of hard red winter wheat (12.5% protein) at 244.88 $/mt fob;
    • 7,425 MT of soft white wheat (9% protein) at 222.30 $/mt fob.
  • The second consignment has an additional charge of 28.47 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between May 24-June 7:
    • 28,015 MT of dark northern spring wheat (14.5% protein) at 254.13 $/mt fob;
    • 19,745 MT of hard red winter wheat (12.5% protein) at 246.36 $/mt fob;
    • 7,240 MT of soft white wheat (9% protein) at 222.30 $/mt fob

- March 22 - Importers in the Philippines rejected all offers and made no purchase in a tender for 55,000-60,000 MT of feed and milling wheat for May-September shipment

- March 18 - Jordan Silos & Supply General Company has made no purchase in an international tender for 25,000 MT of optional-origin milling wheat

- Weekly US wheat export sales data for week ended March 14 totaled 437,400 MT, incl. 298,600 MT for 2018/19, within expectation (200-450 TMT) and 138,800 MT for 2019/20 (100-225 TMT expected). Export commitments for 2018/19 are running 3% ahead of year-ago

- US wheat export inspections for week, ending March 21, recorded 340,398 MT, below trade expectations (400-600 TMT). Inspections for 2018/19 are running 5.9% behind of year-ago

CORN

- March 22 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 730,000 MT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 211.86 $/mt c&f in 12 consignments for May-June shipment to the Red Sea ports (610 TMT) and the Gulf ports (120 TMT):

  • Red Sea Ports:
    • 60,000 MT from Ameropa at 209.80 $/mt c&f (May 15-30);
    • 60,000 MT from Glencore at 215.68 $/mt c&f (May 15-30);
    • 60,000 MT from Cargill at 215.97 $/mt c&f (May 15-30);
    • 60,000 MT from Cofco Resources at 212.00 $/mt c&f (June 1-15);
    • 60,000 MT from Cofco Resources at 212.00 $/mt c&f (June 1-15);
    • 60,000 MT from Cofco Resources at 212.88 $/mt c&f (June 1-15);
    • 60,000 MT from Cargill at 215.36 $/mt c&f (June 1-15);
    • 60,000 MT from Ameropa at 201.50 $/mt c&f (June 15-30);
    • 65,000 MT from ADM Hellas at 204.94 $/mt c&f (June 15-30);
    • 65,000 MT from ADM Hellas at 206.97 $/mt c&f (June 15-30).
  • Gulf Ports:
    • 60,000 MT from Glencore at 219.29 $/mt c&f (June 1-15);
    • 60,000 MT from Bunge at 216.95 $/mt c&f (June 15-30)

- Weekly US corn export sales data for week ended March 14 totaled 915,900 MT, incl. 855,900 MT for 2018/19, within expectations (600-1000 TMT). Export commitments for 2018/19 are running 7% behind of year-ago

- US corn export inspections for week, ending March 21, reported 995,997 MT, topped market expectations (700-950 TMT). Inspections for 2018/19 are running 22.8% ahead of year-ago

- Ukraine’s Ag Min estimated early spring grain planting 42% done as of March 25. Ukrainian farmers planted 962,000 ha of spring crops, thereof 684,000 ha of barley (44% of plan) and 171,000 ha of peas (49% of plan)

- Russian Ag Min estimated spring grain planting 1.8% (or 532,500 ha) done as of March 25 vs. 175,700 ha a year ago. Russian farmers have sown 177,300 ha of spring barley or 2.3% of planned area

SOYBEAN

- March 27 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for May 1-20 arrival

- March 22 - USDA announced export sales of 300,000 MT of US soybeans for delivery to China during 2018/19

- Weekly US soybeans export sales data for week ended March 14 totaled 335,100 MT, incl. 399,500 MT for 2018/19, below expectations (0.6-1.6 MMT). Export commitments for 2018/19 are running 17% behind of year-ago

- Weekly US soymeal export sales data for week ended March 14 of 97,400 MT for 2018/19, below expectations (150-400 TMT). Export commitments for 2018/19 are running 6% ahead of year-ago

- US soybean export inspections for week, ending March 21, reported 857,970 MT, within trade estimates (600-950 TMT). Inspections for the 2018/19 marketing year are running 30.3% behind of year-ago

- Surveyor SGS estimated Malaysia's March 1-25 palm oil exports at 1,260,946 MT up 12.4% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's March 1-25 palm oil exports at 1,158,178 MT up 1.7% from a month ago