WHEAT

- April 12 - Egypt's GASC bought 240,000 MT of wheat from Romania (180 TMT) and Ukraine (60 TMT) for May 20-June 5 shipment:

  • 60,000 MT of Romanian wheat from CHS at 239.87 $/mt c&f (228.17 fob+11.70 freight);
  • 60,000 MT of Romanian wheat from Ameropa at 239.87 $/mt c&f (228.17 fob+11.70 freight);
  • 60,000 MT of Romanian wheat from Ameropa at 239.97 $/mt c&f (229.57 fob+10.40 freight);
  • 60,000 MT of Ukrainian wheat from Dreyfus at 240.00 $/mt c&f (226.60 fob+13.40 freight)

 - A French wheat cargo previously rejected by Egypt due to high levels of the grain fungus ergot has been re-tested and found to have acceptable levels

- April 11 - Algeria's OAIC bought 540,000 MT of optional-origin milling wheat in a tender at 238.25-239 $/mt c&f for June shipment from Glencore (210 TMT at 238.25 $/mt), Bunge (120 TMT at 239 $/mt), Cargill (120 TMT at 238.5 $/mt), Dreyfus (60 TMT at 238.5 $/mt), CAM (30 TMT at 239 $/mt)

- April 10 - Importers in the Philippines bought about 50,000 MT of feed wheat from Black Sea region at about 209-210 $/mt, c&f for August shipment

- Weekly US wheat export sales data for week ended April 4 totaled 474,400 MT, incl. 273,000 MT for 2018/19, below expectation (300-500 TMT) and 201,400 MT for 2019/20, topped expectation (100-200 TMT). Export commitments for 2018/19 are running 6% ahead of year-ago

- US wheat export inspections for week, ending April 11, recorded 511,400 MT, within trade expectations (400-600 TMT). Inspections for 2018/19 are running 4.5% behind of year-ago

- Russia’s Ag Min said Russia exported 37.7 MMT of grain between July 1-April 4, 2018/19, down 6.2% from 40.2 MMT a year ago          

- Russia had 2,203,600 MT of grain in its federal intervention fund as of April 5 vs. 2,219,500 MT a week ago and 3,963,600 MT a year ago

- Russian farmers have sown 216,400 ha of spring wheat or 1.8% of planned area as of April 15 vs. 69,100 ha a year ago

- SovEcon raised its forecast of Russia's 2019 wheat production by 3.4 MMT to 83.4 MMT

- Kazakh farmers planted 291,000 ha of spring cereals crops as of April 15 vs. 209,700 ha a year ago

- FranceAgriMer estimated 83% of French soft wheat crops were in good/excellent condition by April 8, down 1% point from week earlier but up compared to 78% a year earlier

- Strategie Grains cut its forecast of EU 2019 soft wheat crop to 144.8 MMT from 146.1 MMT previously, but up 14% versus last year (127.2 MMT in 2018)

- Conab kept its estimate for 2019 wheat production at 5.631 MMT compared to 5.428 MMT last year. They raised its estimate of 2018 wheat imports by 300,000 MT to 7.3 MMT (6.387 MMT in 2017); for 2019 wheat imports are forecasted at 7.2 MMT

CORN

- April 24 - Turkey's TMO seeks 300,000 MT (24x12.5 TMT) of corn for May 13-June 23 shipment

- April 12 - South Korea's KFA (Korea Feed Association) bought 63,500 MT of optional-origin corn from CJ International at 190.80 $/mt c&f including surcharge for additional port unloading for Nov 15 arrival

- April 10 - South Korea's KOCOPIA bought 60,000 MT of US food-quality corn from CJ International at 212.20 $/mt c&f including a surcharge for additional port unloading for June 25 arrival

- Weekly US corn export sales data for week ended April 4 totaled 548,000 MT for 2018/19 below expectations (600-950 TMT). Export commitments for 2018/19 are running 9% behind of year-ago

- US corn export inspections for week, ending April 11, reported 1,182,140 MT, near the upper end of trade estimates (0.8-1.2 MMT). Inspections for 2018/19 are running 13.7% ahead of year-ago

- Rosario grain exchange upped its forecast of Argentine 2018/19 corn crop to 48 MMT from 47.3 MMT previously

- Conab lifted its forecast of Brazil's 2018/19 corn crop to 94.009 MMT from 92.808 MMT in Mar (80.71 MMT last season) with second crop at 68.138 MMT (53.899 MMT in 2017/18). Conab expects Brazil to export 31 MMT of corn (24.767 MMT in 2017/18). Ending stocks are forecasted to rise to 15.255 MMT from 14.246 MT in 2017/18

- Russian farmers have sown 1.2 million ha of spring barley or 15.9% of planned area as of April 15 vs. 422,300 ha a year ago

- Russian farmers have sown 227,500 ha of corn or 8.8% of planned area as of April 15 vs. 279,700 ha a year ago

- FranceAgriMer estimated 79% of French winter barley crops were in good/excellent condition by April 8, down 1% point from prior week but up vs. 73% a year earlier. Spring barley rating was at 91% in good to excellent vs. 94% last week and vs. 81% a year ago

- FranceAgriMer estimated corn planting 16% done as of April 8 (8% a week-ago), vs. last year’s pace of 1%

- Strategie Grains lowered its forecast of EU 2019 barley crop to 61.0 MMT from 61.8 MMT previously, still 9% above the 2018/19 crop (55.8 MMT)

- Strategie Grains upped its forecast of EU 2019 corn crop to 63.1 MMT from 63 MMT previously, a 2% increase on 2018/19 (61.6 MMT)

- Rabobank expects China's 2019 pork output to fall by 30% compared with the prior year after an African swine fever spread throughout the country

SOYBEAN

- April 15 - USDA announced export sales of 140,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- April 11 - Egypt’s GASC bought 59,500 MT of soybean oil: 29,500 MT at 11,713 EGP/mt (676 $/mt) from Watanya/Cargill (9.5 TMT for June 1-15 and 9.5 TMT for June 15-30) and Alexseeds (10.5 TMT for June 1-15), and 30,000 MT at 692 $/mt c&f from Hakan Agro for June 15-30 arrival. Also GASC bought 53,500 MT of sunflower oil at 699 $/mt c&f with facilities 180 days from Aston (11.5 TMT for June 1-15), Hakan Agro (15 TMT for June 1-15 and 15 TMT for June 15-30) and ADM (12 TMT for June 15-30)

- Weekly US soybeans export sales data for week ended April 4 totaled 280,400 MT, incl. 270,400 MT for 2018/19, well below expectations (800-1150 TMT). Export commitments for 2018/19 are running 17% behind of year-ago

- Weekly US soymeal export sales data for week ended April 4 of 152,600 MT, incl. 152,100 MT for 2018/19, within expectations (100-300 TMT). Export commitments for 2018/19 are running steady with year-ago

- US soybean export inspections for week, ending April 11, reported 460,667 MT, near the low end of trade expectations (460-900 TMT). Inspections for the 2018/19 marketing year are running 27.6% behind of year-ago

- Buenos Aires Grains Exchange raised its forecast of Argentine 2018/19 soybean production to 55 MMT from 53 MMT previously (35.1 MMT in 2017/18)

- Rosario grain exchange raised its forecast of Argentine 2018/19 soybean crop by 2 MMT to 56 MMT

- Conab slightly lifted forecast of Brazil's 2018/19 soy output by 364 TMT to 113.823 MMT, below the record previous crop of 119.282 MMT. Conab kept its forecast of Brazil soybean exports at 70 MMT of soybeans (83.605 MMT in 2017/18). Ending stocks are forecasted to recover to 969,700 MT from 746,300 MT in 2017/18

- China imported 4.92 MMT of soybeans in March, down 13% from the year before. For the first three months of 2019, imports fell to 16.75 MMT, down 14% from the same time a year ago

- China's imports of all vegetable oils in March was 581,000 MT up 46% on year. China's Jan-Mar vegetable oil imports climbed 48% on year to 1.96 MMT

- Russian farmers have sown 430,600 ha of sunflower or 5.5% of planned area as of April 15 vs. 368,600 ha a year ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's April 1-15 palm oil exports at 686,760 MT up 1.5% from a month ago

- Surveyor Intertek Testing Services estimated Malaysia's April 1-15 palm oil exports at 684,190 MT up 5.1% from a month ago

- Surveyor SGS estimated Malaysia's April 1-15 palm oil exports at 744,188 MT up 6.7% from a month ago