WHEAT

- June 16 - Qatar seeks 90,000 MT of optional-origin wheat bran

- May 23 - Japan seeks 122,844 MT of food wheat for July shipments:

  • 26,200 MT of western white US wheat;
  • 28,990 MT of hard red winter US wheat;
  • 35,004 MT of dark northern spring US wheat;
  • 32,650 MT of Canadian western red spring wheat

- May 21 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat and re-tender on May 28

- May 21 - Taiwan Flour Millers' Association bought 111,050 MT of US milling wheat from Columbia Grain International in two consignments:

  • The first consignment has an additional charge of 26.84 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between July 5-19:
    • 29,950 MT of dark northern spring wheat (14.5% protein) at 239.15 $/mt fob;
    • 21,900 MT of hard red winter wheat (12.5% protein) at 234.71 $/mt fob;
    • 4,500 MT of soft white wheat (9% protein) at 225.19 $/mt fob.
  • The second consignment has an additional charge of 27.08 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between July 20-Aug 3:
    • 30,400 MT of dark northern spring wheat (14.5% protein) at 240.26 $/mt fob;
    • 18,150 MT of hard red winter wheat (12.5% protein) at 232.30 $/mt fob;
    • 6,150 MT of soft white wheat (9% protein) at 224.08 $/mt fob

- An importer in the Philippines this week bought 45,000 MT of feed wheat from Australia at 240-245 $/mt c&f for arrival in the first half of September

- Ethiopia bought 600,000 MT of wheat in tender which closed on April 30 from Agrocorp International (100 TMT at 225.4 $/mt c&f) and GemCorp (500 TMT at prices ranged from 245.78 to 247.78 $/mt c&f)

- Bangladesh bought 50,000 MT of optional-origin milling wheat in tender which closed on April 10 from Agrocorp at 267.98 $/mt CIF liner out for shipping within 40 days of the signing of the contract

- US wheat export inspections for week, ending May 16, recorded 757,704 MT, topped trade expectations (400-600 TMT). Inspections for 2018/19 are running 2.3% ahead of year-ago

- USDA reports 66% of the winter wheat crop is in good to excellent condition as of May 19, up 2% point from prior week and ahead of average analyst expectations (63%), also well above last year's 36%. USDA said spring wheat was 70% planted, above an average of analysts' forecasts of 63%, but behind the five-year average of 80% and last year's 76%

- Russia expects grain exports for the 2019/20 new season of 45 MMT, incl. 36 MMT of wheat. The agriculture ministry estimates grain exports for 2018/19 at 44 MMT, incl. 37 MMT of wheat

- Russian farmers have sown 7.8 million ha of spring wheat or 64.1% of planned area as of May 22 vs. 5.2 million ha a year ago

- Coceral raised forecast of EU-28’s 2019 soft wheat crop to 140.283 MMT from 139.822 MMT previosly, up 10% from 127.437 MMT in 2018

- MARS upped its yield forecast for this year's EU soft wheat to 6.05 mt/ha from 6.01 mt/ha prior month, up 7.6% from last year and 1.9% above the five-year mean

- Japan's April grain imports rose 9.3% on year to 2.083 MMT, incl. 1.626 MMT from the US (up by 13%)

- Ukraine's new wheat quality standards come into force on June 10

CORN

- June 16 - Qatar seeks 105,000 MT of optional-origin barley

- Philippines is seeking to import 300,000 MT of corn to cover a shortfall in the domestic supply caused by the El Nino-induced dry weather

- Indian state-run trading company MMTC has again postponed the offer deadline in an international tender for non-GM yellow corn now from May 22 to June 6. The shipment period has been changed to July 1-31 from June 15-July 15 previously

- May 22 - 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 29         

- US corn export inspections for week, ending May 16, reported 820,916 MT, within trade estimates (0.6-1 MMT). Inspections for 2018/19 are running 3.1% ahead of year-ago

- USDA said the US corn crop was 49% planted by May 19, well behind the five-year average of 80% and last year's 78%, also below an average of analysts' forecasts of 50%

- Ukraine's Ag Min said Ukraine exported about 45.41 MMT of grain between July 1-May 20, 2018/19 vs. 36 MMT for the same period of last season, including 14.77 MMT of wheat (15.95 MMT a year ago), 26.4 MMT of corn (15.66 MMT) and 3.5 MMT of barley (4.19 MMT)

- Ukrainian grain stocks were at 11.947 MMT as of May 1, up 3% from a year earlier, incl. 3.377 MMT of wheat (3.945 MMT a year ago), 879,300 MT of barley (852,700 MT a year ago) and 7.273 MMT of corn (6.127 MMT a year ago). The data does not include grain stored at small farms

- Ukrainian farmers have sown 4.4 million ha of corn or 95% of planned area as of May 22

- Russian farmers have sown 6.6 million ha of spring barley or 84.4% of planned area as of May 22 vs. 5.7 million ha a year ago

- Russian farmers have sown 2.4 million ha of corn or 93.4% of planned area as of May 22 vs. 2.3 million ha a year ago

- Coceral upped forecast of EU-28’s 2019 corn crop to 62.916 MMT from 60.999 MMT previously, up 3.3% from 60.932 MMT in 2018

- Coceral lowered its forecast of EU-28’s 2019 barley crop to 58.989 MMT from 59.423 MMT, up from 56.071 MMT in 2018

- MARS raised its yield forecast for this year's EU corn to 7.92 mt/ha from 7.73 mt/ha last month, down 5.2% from last year but 4% above the five-year average

- MARS lifted its yield estimate for this year's EU barley (winter and spring) to 4.96 mt/ha from 4.95 mt/ha last month, up 7.8% from last year and 2% above the five-year mean

- Japan's use of corn in animal feed totalled 48.8% in March 2019, unchanged from prior month and by 1% point above year-ago level (47.8% in Mar 2018). Its use of barley steady at 3.4% vs. 3.4% a year ago; wheat usage left at 1.6% (1.7% year-ago). Sorghum usage in feed rations unchanged from prior month at 1.9%, down vs. 2.1% in Mar 2018

SOYBEAN

- May 22 - USDA announced export sales of 131,000 MT of US soybeans for delivery to unknown destinations during 2018/19 (110 TMT) and 2019/20 (21 TMT)

- US soybean export inspections for week, ending May 16, reported 497,070 MT, within trade expectations (400-700 TMT). Inspections for the 2018/19 marketing year are running 27.4% behind of year-ago

- USDA said 19% of the US soybean crop was planted as of May 19, behind of market forecasts (22%) and compared to 53% last year and a 47% five-year average

- Ukrainian sunflower stocks were at 3.118 MMT as of May 1, up 17.5% from a year earlier (2.653 MMT). The data does not include grain stored at small farms

- Ukrainian farmers have sown 5.3 million ha of sunflower or 93% of planned area as of May 22

- Ukrainian farmers have sown 1.3 million ha of soybeans or 71% of planned area as of May 22

- Russian farmers have sown 7.1 million ha of sunflower or 90.9% of planned area as of May 22 vs. 5.7 million ha a year ago

- Russian farmers have sown 1.8 million ha of soybeans or 60.2% of planned area as of May 22 vs. 1.5 million ha a year ago

- Coceral forecasts 2019 EU-28 soybean crop at 2.837 MMT, down from 2.93 MMT in 2018

- Coceral cut its forecast of 2019 EU-28 rapeseed harvest to 17.86 MMT from 18.475 MMT previously, down 9.4% from 19.71 MMT in 2018

- Coceral upped forecast of 2019 EU-28 sunflower crop to 9.578 MMT from 9.422 MMT previously, down 2.1% from 9.783 MMT in 2018

- MARS cut its yield forecast for this year's EU rapeseed to 3.13 mt/ha from 3.19 mt/ha last month, up 8.5% from 2018 but 3.3% below the 5-year average

- MARS upped its yield forecast for this year's EU sunflower seed to 2.41 mt/ha from 2.23 mt/ha last month, up 9.5% over the 5-year average and in line with 2018

- Japan's April soybean imports fell 16.1% on year to 255,372 MT, incl. 223,936 MT from the US (down by 17%)

- Surveyor AmSpec Agri Malaysia estimated Malaysia's May 1-20 palm oil exports at 969,767 MT up 8.7% from a month ago

- Surveyor SGS estimated Malaysia's May 1-20 palm oil exports at 992,313 MT up 5.6% from a month ago