WHEAT

- April 26 - Saudi Arabia’s SAGO seeks 600,000 MT of wheat, 12.5% protein, in 10 consignments for July-Sept shipment

- April 25 - Tunisia's state grains agency bought 92,000 MT of optional-origin soft wheat:

  • 25,000 MT of soft milling wheat from Cofco at 226.14 $/mt c&f for June 5-15;
  • 17,000 MT of soft milling wheat from Cargill at 228.22 $/mt c&f for June 5-15;
  • 25,000 MT of soft milling wheat from Cargill at 222.97 $/mt c&f for June 15-25;
  • 25,000 MT of soft milling wheat from Cargill at 210.98 $/mt c&f for June 25-July 5

- Importers in the Philippines this week bought about 55,000 MT of feed wheat at about 203 $/mt, c&f for August shipment. Black Sea milling wheat, 11.5% protein, was being offered at 210-215 $/mt, c&f for August arrival, compared with 220 $/mt, c&f quoted earlier this month

- Weekly US wheat export sales data for week ended April 18 totaled 651,500 MT, incl. 425,300 MT for 2018/19, within expectation (200-450 TMT) and 226,200 MT for 2019/20, within expectation (100-300 TMT). Export commitments for 2018/19 are running 9% ahead of year-ago

- Stats Canada estimates Canada’s 2019 all-wheat seedings at 25.67 million acres, up 3.8% from a year earlier, also above the range of pre-report expectations for 22.8-25.6 million

- SAGIS estimated S. Africa's March wheat imports at 82,370 MT vs. 188,985 MT in February. Oct-Mar 2018/19 imports fell 60.2% on year to 455,942 MT (1.146 MMT in Oct-Mar 2017/18)

- International Grains Council (IGC) raised its forecast for global wheat production in 2019/20 by 3 MMT to 762 MMT (735 MMT in 2018/19), mostly reflecting upward revise this month for Russia (from 77.1 to 79.5 MMT). Forecast of ending stocks was upped by 4 MMT to 274 MMT (264 MMT in 2018/19)

- Bulgaria's 2019 wheat harvest is expected to be similar to last year's crop of 5.8 MMT

- China imported 264,117 MT of wheat in March, down 8.8% from the year before. January-March imports rose 70.1% to 958,353 MT

- Iraq is on track to harvest 5 MMT of wheat this year

- FranceAgriMer estimated 79% of French soft wheat crops were in good/excellent condition by April 22, down 2% points from week earlier but up compared to 77% a year earlier

- European Commission (EC) raised its forecast of 2019 EU soft wheat crop to 141.335 MMT from 140.155 MMT previously (128.627 MMT last year). EU's executive forecasts EU soft wheat exports at 25.494 MMT in 2019/20, up from 21 MMT current season. Soft wheat inventories in the region are forecasted at 13.592 MMT by the end of June 2020, above 11.436 MMT estimated for 2018/19

CORN

- April 25 - South Korea's KOCOPIA bought 60,000 MT of US corn from Posco at 202.47 $/mt c&f including surcharge for additional port unloading for July 25 arrival

- April 24 - Turkey's TMO bought 300,000 MT of corn for:

  • May 13-June 2 shipment:
    • 50,000 MT from Dreyfus at 179.50 $/mt c&f Derince;
    • 50,000 MT from Dreyfus at 181.00 $/mt c&f Izmir;
    • 12,500 MT from Hakan at 181.60 $/mt c&f Bandirma;
    • 25,000 MT from Sodrugestvo at 181.80 $/mt c&f Bandirma;
    • 12,500 MT from Hakan at 182.50 $/mt c&f Bandirma;
    • 12,500 MT from Dreyfus at 184.00 $/mt c&f Tekirdag;
    • 25,000 MT from Kulberg at 185.00 $/mt c&f Mersin;
    • 12,500 MT from Sodrugestvo at 185.00 $/mt c&f Samsun.
  • June 3-23 shipment:
    • 25,000 MT from Dreyfus at 179.40 $/mt c&f Derince;
    • 25,000 MT from Dreyfus at 180.00 $/mt c&f Derince;
    • 12,500 MT from VA Intertrade at 180.60 $/mt c&f Bandirma;
    • 25,000 MT from Dreyfus at 180.90 $/mt c&f Izmir;
    • 12,500 MT from VA Intertrade at 182.20 $/mt c&f Bandirma

- April 24 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on May 8

- Weekly US corn export sales data for week ended April 18 totaled 782,900 MT, incl. 779,900 MT for 2018/19 within expectations (600-1000 TMT). Export commitments for 2018/19 are running 9% behind of year-ago

- Ukraine's Ag Min said Ukraine exported about 41.75 MMT of grain between July 1-Apr 26, 2018/19 vs. 33.29 MMT for the same period of last season, including 14.17 MMT of wheat (14.89 MMT a year ago) and 23.47 MMT of corn (14.07 MMT)

- Ukraine’s Ag Min estimated early spring grain planting 94% done as of April 25. Ukrainian farmers planted 2.1 million ha of spring crops, thereof 1.5 million ha of barley (96% of plan) and 286,000 ha of peas (87% of plan)

- Ukrainian farmers have sown 1.2 million ha of corn or 27% of planned area as of April 25

- Stats Canada estimates Canada’s 2019 barley plantings at 7.16 million acres, above avg expectation of 6.9 mln acres and up 10.2% from 2018; oat plantings at 3.29 million acres, in line with expectations and up 7.8% from a year ago; peas plantings to rise 11.6% to 4.04 million acres above avg expectation of 3.9 mln acres; corn plantings to increase 4.6% to 3.8 million acres

- IGC upped its forecast of the global corn crop in 2019/20 by 1 MMT to 1.125 billion tones (1.118 BMT in 2018/19). IGC upped its forecast for 2019/20 global corn carryover by 9 MMT to 275 MMT, still sharply down vs. 311 MMT in 2018/19

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 10.655 MMT from 10.56 MMT last month, in line with expectations. It still would be 14.8% less than last year (12.51 MMT in 2018)

- SAGIS estimated South Africa's corn stocks as of March 31 were at 3.394 MMT vs. 4.216 MMT a month ago and 4.633 MMT a year ago

- SAGIS estimated S. Africa’s March corn imports at 38,014 MT; May-Mar 2018/19 imports are estimated at 88,826 MT (zero in May-Mar 2017/18)

- SAGIS estimated S. Africa's May-Mar 2018/19 corn exports at 2.195 MMT, down 3.2% on year (2.268 MMT in May-Mar 2017/18)

- China's corn imports in March came to 416,340 MT, up 562% from the same month of 2018. January-March imports rose 76% to 982,187 MT

- China imported around 430,000 MT of barley in March, down 50% from the year before. China's Jan-Mar barley imports totals 1.93 MMT

- EC expects 2019 EU corn harvest at 68.343 MMT, slightly down from 68.965 MMT in 2018. EC forecasts EU 2019/20 corn imports at 15.483 MMT vs. 21.5 MMT in 2018/19 and ending stock at 24.133 MMT vs. 25.332 MMT current season

- EC raised its forecast of 2019 EU barley harvest to 60.972 MMT from 60.333 MMT previously (56.01 MMT in 2018). EC forecasts EU 2019/20 barley exports at 8.824 MMT vs. 7.1 MMT in 2018/19 and ending stock at 8.461 MMT vs. 6.126 MMT current season

- FranceAgriMer estimated 75% of French winter barley crops were in good/excellent condition by April 22, down 2% points from prior week but up vs. 73% a year earlier. Spring barley rating was at 86% in good to excellent vs. 89% last week and vs. 81% a year ago

- FranceAgriMer estimated corn planting 56% done as of April 22 (29% a week-ago), vs. last year’s pace of 33%

SOYBEAN

- Weekly US soybeans export sales data for week ended April 18 totaled 619,000 MT, incl. 596,300 MT for 2018/19, within expectations (300-700 TMT). Export commitments for 2018/19 are running 17% behind of year-ago

- Weekly US soymeal export sales data for week ended April 18 of 398,000 MT, incl. 329,100 MT for 2018/19, topped expectations (125-325 TMT). Export commitments for 2018/19 are running 3% ahead of year-ago

- IGC upped its forecast of the soybean production in 2019/20 by 2 MMT to 361 MMT (362 MMT in 2018/19). IGC raised its forecast for 2019/20 global soybean carryover by 5 MMT to 56 MMT, above the 55 MMT in 2018/19

- Stats Canada estimates country’s 2019 soybean plantings at 5.65 million acres, below range of expectations 6.0-7.3 mln acres and down 10.7% from 2018

- Stats Canada expects country’s 2019 canola plantings at 21.31 million acres down 6.6% from 2018 and below an average of expectations of 21.8 million

- Ukrainian farmers have sown 2.2 million ha of sunflower or 38% of planned area as of April 25

- Ukrainian farmers have sown 177,000 ha of soybeans or 10% of planned area as of April 25

- EC lowered its forecast of 2019 EU rapeseed harvest to 19.198 MMT from 19.859 MMT previously, 4.1% down from 20.025 MMT in 2018

- EC forecasts 2019 EU soybean harvest at 2.842 MMT, slightly up from 2018 (2.808 MMT)

- EC forecasts 2019 EU sunflower seed crop at 10.037 MMT, slightly up from 9.95 MMT in 2018

- CEC raised its forecast of S. Africa’s 2019 soybean crop to 1.296 MMT from 1.276 MMT previously, down 15.8% from 1.54 MMT in 2018

- CEC upped forecast of S. Africa’s 2019 sunflower crop to 611,140 MT from 563,590 MT previously, down 29.1% from 862,000 MT in 2018

- Surveyor SGS estimated Malaysia's April 1-25 palm oil exports at 1,278,060 MT up 1.4% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's April 1-25 palm oil exports at 1,260,622 MT up 8.9% from a month ago

- Surveyor Intertek Testing Services estimated Malaysia's April 1-25 palm oil exports at 1,208,775MT up 4.9% from a month ago

- China’s March 2019 palm oil imports up 14.8% on year to 550,527 MT. January-February imports rose 30% to 1,721,998 MT

- China's March 2019 soy oil imports fell 34% from year-ago levels to 5,828 MT. January-March imports rose 295% to 134,365 MT