WHEAT

- April 30 - Ethiopia seeks around 600,000 MT of optional-origin milling wheat for shipment two months after contract award

- April 2 - Algeria's OAIC seeks at least 50,000 MT of optional-origin soft milling wheat for May 16-31 shipment. Offers must remain valid until April 3

- March 29 - USDA announced export sales of 150,000 MT of US hard red winter wheat for delivery to Iraq during 2018/19

- March 28 - USDA announced export sales of 150,000 MT of US hard red winter wheat for delivery to Iraq during 2018/19 (50 TMT) and 2019/20 (100 TMT)

- March 28 - USDA announced export sales of 120,000 MT of US soft red winter wheat for delivery to Egypt during 2018/19          

- March 26 - Egypt's GASC bought 120,000 MT of US wheat from for April 25-May 5 shipment:

  • 60,000 MT of US soft red wheat from Cargill at 248.24 $/mt c&f (220.91 fob+27.33 freight);
  • 60,000 MT of US soft red wheat from Cargill at 248.29 $/mt c&f (221.00 fob+27.29 freight)

- March 26 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat and re-tender on April 2

- Weekly US wheat export sales data for week ended March 21 totaled 511,100 MT, incl. 475,700 MT for 2018/19, topped expectation (200-450 TMT) and 35,400 MT for 2019/20, below expectation (100-200 TMT). Export commitments for 2018/19 are running 3% ahead of year-ago

- USDA estimates US all-wheat plantings this year at 45.754 million acres, down 4.3% from last year and below analyst forecasts (45.9-48 – range)

- USDA reported US March 1 wheat stocks at 1.591 billion bushels, the second-biggest in 31 years; slightly above an average of expectations of 1.555 billion bu

- China imported 116,109 MT of wheat in February, up 88.2% from the year before

- SAGIS estimated S. Africa's February wheat imports at 188,864 MT vs. 27,516 MT in January. Oct-Feb 2018/19 imports fell 64.8% on year to 373,485 MT (1.06 MMT in Oct-Feb 2017/18)

- Zimbabwe has one month's supply of locally produced wheat. Last year Zimbabwe harvested 160,000 MT of wheat compared with annual consumption of 400,000 MT

- International Grains Council (IGC) raised its forecast for global wheat production in 2019/20 by 7.7 MMT to 758.7 MMT (734.9 MMT in 2018/19), mostly reflecting upward revise this month for Russia, EU and Canada. Forecast of ending stocks was upped by 7.2 MMT to 270.1 MMT (263.8 MMT in 2018/19)

- FranceAgriMer estimated 85% of French soft wheat crops were in good/excellent condition by March 25, unchanged from week earlier but up compared to 78% a year earlier

- European Commission (EC) trimmed its forecast of 2019 EU soft wheat crop to 140.155 MMT from 140.786 MMT previously (128.733 MMT last year). EU's executive forecasts EU soft wheat exports at 25.494 MMT in 2019/20, up from 19 MMT current season. Soft wheat inventories in the region are forecasted at 11.324 MMT by the end of June 2020, below 12.265 MMT estimated for 2018/19             

CORN

- April 1 - South Korea's Nonghyup Feed Inc. (NOFI) bought 69,000 MT of optional-origin corn from Glencore at 189.79 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 25 arrival

- March 29 - South Korea's Nonghyup Feed Inc. (NOFI) bought 134,000 MT of optional-origin corn:

  • 69,000 MT from Pan Ocean at 192.65 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Sept 25 arrival;
  • 65,000 MT from Avere Commodities at 191.49 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 15 arrival

- March 29 - South Korea's Major Feedmill Group (MFG) in a private deal purchased about 69,000 MT of optional-origin corn from Cargill at 189.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 27 arrival

- March 28 - South Korea's Major Feedmill Group (MFG) in a private deal purchased about 69,000 MT of corn from the US or South America from Cargill at 192.90 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Sept 20 arrival

- March 29 - South Korea's Feed Leaders Committee (FLC) in a private deal purchased about 65,000 MT of optional-origin corn from Cofco at 191.49 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 20 arrival

- South Korea's Feed Leaders Committee (FLC) in a private deal last week purchased about 65,000 MT of corn from the US or South America from Cofco at 195.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Aug 12-Sept 25 shipment

- March 27 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley and may re-tender on April 3

- Weekly US corn export sales data for week ended March 21 totaled 989,900 MT, incl. 904,500 MT for 2018/19, within expectations (700-1200 TMT). Export commitments for 2018/19 are running 8% behind of year-ago

- USDA forecasted US corn plantings for 2019 at 92.792 million acres, up 4.1% from 2018 and above trade expectations (89.5-92.7 mln acres – range)

- USDA pegged US March 1 corn stocks at 8.605 billion bushels, down from 8.892 billion a year ago but still the third biggest on record, above an average of analyst estimates of 8.335 billion

- Buenos Aires Grains Exchange raised its forecast of Argentine 2018/19 corn production to a record high of 46 MMT from 45 MMT previously (31.7 MMT in 2017/18)

- China's corn imports in February came to 164,768 MT, up 60.8% from the same month of 2018. January-February imports rose 14.4% to 565,846 MT

- China imported around 360,000 MT of barley in February, down 42.1% from the year before

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 10.56 MMT from 10.51 MMT last month, slightly better than expected. It still would be 14.9% less than last year (12.51 MMT in 2018)

- SAGIS estimated South Africa's corn stocks as of Feb 28 were at 4.215 MMT vs. 5.102 MMT a month ago and 5.507 MMT a year ago

- SAGIS estimated S. Africa's May-Feb 2018/19 corn exports at 2.112 MMT, down 2.1% on year (2.158 MMT in May-Feb 2017/18)

- Zimbabwe has up to seven months' supply of the staple maize and needs to start importing grain now to avert shortages. Zimbabwe's annual maize consumption is 1.2 MMT and the country has 500,000 MT in strategic reserves

- IGC upped its forecast of the global corn crop in 2019/20 by 2.7 MMT to 1.124 billion tones (1.114 BMT in 2018/19), mostly driven by upward revision for Ukraine's crop (to 29.3 MMT from 27.3 MMT). IGC upped its forecast for 2019/20 global corn carryover by 10.4 MMT to 266.5 MMT, but sharply down vs. 304.6 MMT in 2018/19

- FranceAgriMer estimated 81% of French winter barley crops were in good/excellent condition by March 25, unchanged from prior week and vs. 75% a year earlier. An estimated 97% of the spring barley area had been sown by March 25, up from 67% a year ago

- EC expects 2019 EU corn harvest at 68.377 MMT, down 1% from 69.052 MMT in 2018. EC forecasts EU 2019/20 corn imports at 15.483 MMT vs. 21 MMT in 2018/19 and ending stock at 24.916 MMT vs. 25.926 MMT current season

- EC lifted its forecast of 2019 EU barley harvest to 60.333 MMT from 60.209 MMT previously (56.145 MMT in 2018). EC forecasts EU 2019/20 barley exports at 8.824 MMT vs. 7.5 MMT in 2018/19 and ending stock at 10.869 MMT vs. 6.095 MMT current season

- Ukraine’s Ag Min estimated early spring grain planting 56% done as of March 29. Ukrainian farmers planted 1.3 million ha of spring crops, thereof 902,000 ha of barley (57% of plan) and 206,000 ha of peas (59% of plan)

- Russian Ag Min estimated spring grain planting 2.2% (or 660,300 ha) done as of March 29 vs. 177,100 ha a year ago. Russian farmers have sown 231,400 ha of spring barley or 3% of planned area

SOYBEAN

- March 29 - USDA announced export sales of 816,000 MT of US soybeans for delivery to China during 2018/19

- March 28 - Egypt’s GASC bought 52,500 MT of soybean oil: 22,500 MT at 11,730 EGP/mt (677 $/mt) from Watanya/Cargill (10.5 TMT) and Alexseeds (12 TMT); and 30,000 MT at 676.5 $/mt c&f from ADM with facilities 180 days for May 1-20 arrival. Also GASC bought 32,000 MT of sunflower oil at 694 $/mt c&f from Aston (17 TMT) and Hakan Agro (15 TMT) with facilities 180 days for May 1-20 arrival

- Weekly US soybeans export sales data for week ended March 21 totaled 198,900 MT, incl. 181,800 MT for 2018/19, below expectations (500-800 TMT). Export commitments for 2018/19 are running 17% behind of year-ago

- Weekly US soymeal export sales data for week ended March 21 of 79,000 MT, incl. 84,300 MT for 2018/19, below expectations (100-300 TMT). Export commitments for 2018/19 are running 5% ahead of year-ago

- USDA pegged US March 1 soybean stocks at a record 2.716 billion bushels, up 28.7% from a year ago and above trade expectations for 2.683 billion (2.095-2.797 – range)

- USDA projected soybean plantings at 84.617 million acres, down 5.1% from 2018 and below an average of estimates from analysts (86.169; 84.263-88.000 – range)

- Agroconsult raised its estimate for Brazil's soybean production to 118 MMT, compared to the prior forecast of 116.4 MMT

- IGC forecast 2019/20 global soybean production at 358.6 MMT (358.8 MMT in 2018/19) and soybean carryover at 51.1 MMT (51.8 MMT in 2018/19)

- China’s February 2019 palm oil imports up 27.7% on year to 476,848 MT. January-February imports rose 39.2% to 1,171,507 MT

- China's February 2019 soy oil imports rose 986% from year-ago levels to 62,921 MT. January-February imports rose 410.9% to 128,537 MT

- EC lowered its forecast of 2019 EU rapeseed harvest to 19.859 MMT from 19.881 MMT previously, slightly down from 19.864 MMT in 2018

- Strategie Grains lowered forecast of the EU's 2019/20 soybean production from 2.76 to 2.75 MMT, up 0.2% from 2018/19

- Strategie Grains cut its forecast of the EU's 2019/20 rapeseed production to 19.32 MMT from 19.65 MMT previously, down 3.3% from an estimated 19.99 MMT in 2018/19

- Strategie Grains trimmed forecast of the EU's 2019/20 sunflower seed production from 9.28 to 9.25 MMT, down 2.7% from an estimated 9.51 MMT in 2018/19

- Surveyor AmSpec Agri Malaysia estimated Malaysia's March 1-31 palm oil exports at 1,545,703 MT up 22.9% from a month ago

- Surveyor Intertek Testing Services estimated Malaysia's March 1-31 palm oil exports at 1,522,204 MT up 22.4% from a month ago