WHEAT

- May 7 - Jordan seeks 120,000 MT of optional-origin hard milling wheat

- May 2 - A group of flour mills in South Korea bought about 75,000 MT of US milling wheat:

  • 50,000 MT from Cargill for August shipment:
    • hard red winter wheat (11.5% protein) at 190.15 $/mt fob;
    • northern spring wheat (14% protein) at 221.43 $/mt fob;
    • soft white wheat (10.5% protein) at 213.33 $/mt fob;
    • soft white wheat (9.5% protein) at 215.17 $/mt fob;
    • soft white wheat (8.5% protein) at 217.01 $/mt fob.
  • 25,000 MT from CHS for Aug 10-Sep 10 shipment:
    • hard red winter wheat (11.5% protein) at 190.67 $/mt fob;
    • northern spring wheat (14% protein) at 222 $/mt fob;
    • soft white wheat (10.5% protein) at 213.64 $/mt fob;
    • soft white wheat (8.5% protein) at 217.41 $/mt fob

- Taiwan feed importers have in past days purchased an unknown volume of feed wheat from the Black Sea region for shipment in containers at around 207-208 $/mt c&f for August-September shipment

- The lowest offer in Ethiopian tender for 600,000 MT of optional-origin wheat which closed on April 30 was 225.4 $/mt c&f from Agrocorp for 100,000 MT. The lowest offer in a separate tender for 400,000 MT which closed on April 19 was 244.34 $/mt c&f from GemCorp for 100,000 MT

- US wheat export inspections for week, ending May 2, recorded 477,918 MT, within trade expectations (400-800 TMT). Inspections for 2018/19 are running 1.6% behind of year-ago

- EU this season in period of July 1-May 5, 2018/19 exported 17.075 MMT of soft wheat compared to 17.754 MMT a year ago

- FranceAgriMer estimated 79% of French soft wheat crops were in good/excellent condition by April 29, unchanged from week earlier but up compared to 78% a year earlier

- Russia’s Ag Min said Russia exported 39 MMT of grain between July 1-April 25, 2018/19, down from 43.2 MMT a year ago

- Russia had 2,135,200 MT of grain in its federal intervention fund as of April 26 vs. 2,147,100 MT a week ago and 3,963,600 MT a year ago

- Russian farmers have sown 2.1 million ha of spring wheat or 16.9% of planned area as of May 6 vs. 908,200 ha a year ago

- Kazakh farmers planted 522,100 ha of spring cereals crops as of May 6 vs. 419,800 ha a year ago

CORN

- Indian state-run trading company MMTC has postponed the offer deadline in an international tender for non-GM yellow corn to May 15 from May 8. Offers must remain valid until May 31 vs. May 26 previously. The shipment period has been changed to June 10-July 10 from May 29-June 20 previously

- May 3 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 840,000 MT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 193.03 $/mt c&f in 14 consignments for July-August shipment to the Red Sea ports (600 TMT) and the Gulf ports (240 TMT):

  • Red Sea Ports:
    • 60,000 MT from Glencore at 189.14 $/mt c&f (July 1-15);
    • 60,000 MT from Glencore at 189.62 $/mt c&f (July 1-15);
    • 60,000 MT from Glencore at 190.11 $/mt c&f (July 1-15);
    • 60,000 MT from Glencore at 191.09 $/mt c&f (July 1-15);
    • 60,000 MT from Glencore at 191.41 $/mt c&f (July 15-30);
    • 60,000 MT from Glencore at 191.79 $/mt c&f (July 15-30);
    • 60,000 MT from Glencore at 192.15 $/mt c&f (July 15-30);
    • 60,000 MT from Glencore at 192.69 $/mt c&f (Aug 1-15);
    • 60,000 MT from Cofco Resources at 192.83 $/mt c&f (Aug 1-15);
    • 60,000 MT from Louis Dreyfus at 193.10 $/mt c&f (Aug 1-15).
  • Gulf Ports:
    • 60,000 MT from Glencore at 198.19 $/mt c&f (July 1-15);
    • 60,000 MT from Glencore at 198.63 $/mt c&f (July 1-15);
    • 60,000 MT from Louis Dreyfus at 195.80 $/mt c&f (July 15-30);
    • 60,000 MT from Louis Dreyfus at 195.80 $/mt c&f (Aug 1-15)

- May 6 - Argentina registered 279,328 MT of corn for export

- May 3 - Argentina registered 145,000 MT of corn for export

- May 2 - Argentina registered 1.116 MMT of corn for export

- US corn export inspections for week, ending May 2, reported 976,842 MT, within trade estimates (0.7-1.2 MMT). Inspections for 2018/19 are running 7.3% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 42.38 MMT of grain between July 1-May 3, 2018/19 vs. 33.88 MMT for the same period of last season, including 14.33 MMT of wheat (15.11 MMT a year ago), 23.9 MMT of corn (14.44 MMT) and 3.4 MMT of barley (4.14 MMT)

- Ukrainian farmers have sown 2.7 million ha of corn or 58% of planned area as of May 6

- Brazil’s Trade Ministry reported April corn exports at 426,027 MT, down from 891,946 MT in March but up vs. 114,890 MT in the year-ago month

- Buenos Aires Grains Exchange raised its forecast of Argentine 2018/19 corn production to a record high of 48 MMT from 46 MMT previously (31.7 MMT in 2017/18)

- EU this season in period of July 1-May 5, 2018/19 imported 20.496 MMT of corn (maize) vs. 14.869 MMT a year ago

- EU this season in period of July 1-May 5, 2018/19 exported 2.111 MMT of corn vs. 1.35 MMT a year ago

- EU this season in period of July 1-May 5, 2018/19 exported 3.835 MMT of barley vs. 5.073 MMT a year ago

- EU this season in period of July 1-May 5, 2018/19 exported 2.313 MMT of malt in barley equivalent vs. 2.426 MMT a year ago

- FranceAgriMer estimated 75% of French winter barley crops were in good/excellent condition by April 29, unchanged from prior week but up vs. 74% a year earlier. Spring barley rating was at 86% in good to excellent vs. 86% last week and vs. 80% a year ago

- FranceAgriMer estimated corn planting 68% done as of April 29 (56% a week-ago), vs. last year’s pace of 57%

- Russian farmers have sown 4.3 million ha of spring barley or 55.1% of planned area as of May 6 vs. 2.7 million ha a year ago

- Russian farmers have sown 1.4 million ha of corn or 53.1% of planned area as of May 6

SOYBEAN

- May 8 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for July 15-30, August 1-15 arrival

- May 3 - USDA announced export sales of 293,922 MT of US soybeans for delivery to Mexico during 2019/20

- May 3 - Argentina registered 556,930 MT of soymeal for export

- May 2 - Argentina registered 316,540 MT of soymeal for export

- US soybean export inspections for week, ending May 2, reported 600,441 MT, topped trade expectations (400-600 TMT). Inspections for the 2018/19 marketing year are running 27% behind of year-ago

- Brazil’s Trade Ministry reported April soybean exports at 10.053 MMT, up from 8.955 MMT in March but down vs. 10.259 MMT a year ago. Also Brazil exported 1.523 MMT of soymeal in April versus 1.605 MMT the month before and 1.553 MMT a year ago; and 67,322 MT of soyoil compared to 114,079 MT in March and 164,442 MT a year ago

- Ukrainian farmers have sown 3.7 million ha of sunflower or 64% of planned area as of May 6

- Ukrainian farmers have sown 532,000 ha of soybeans or 29% of planned area as of May 6

- Russian farmers have sown 2.7 million ha of sunflower or 34.2% of planned area as of May 6 vs. 2.1 million ha a year ago

- Russian farmers have sown 655,900 ha of soybeans or 21.5% of planned area as of May 6 vs. 525,500 ha a year ago

- EU this season in period of July 1-May 5, 2018/19 imported 12.453 MMT of soybeans vs. 11.437 MMT a year ago

- EU this season in period of July 1-May 5, 2018/19 imported 14.489 MMT of soymeal vs. 15.881 MMT a year ago

- EU this season in period of July 1-May 5, 2018/19 imported 3.62 MMT of rapeseed vs. 3.689 MMT a year ago

- EU this season in period of July 1-May 5, 2018/19 imported 403,604 MT of sunflowerseed vs. 461,266 MT a year ago

- EU this season in period of July 1-May 5, 2018/19 imported 2.747MMT of sunflower meal vs. 3.206 MMT a year ago

- EU this season in period of July 1-May 5, 2018/19 imported 1.362 MMT of sunflower oil vs. 1.462 MMT a year ago

- EU this season in period of July 1-May 5, 2018/19 imported 5.387 MMT of palm oil vs. 5.432 MMT a year ago