WHEAT

- May 28 - South Korea's Major Feedmill Group (MFG) in a private deal bought 120,000 MT of feed wheat from the Black Sea region in two consignments at 207.9 and 208.95 $/mt c&f including a surcharge for additional port unloading

- May 27 - Argentina registered 293,100 MT of wheat for export

- Weekly US wheat export sales data for week ended May 16 totaled 393,300 MT, incl. 48,400 MT for 2018/19, within expectations (from -100 to +200 TMT) and 344,900 MT for 2019/20, also within expectations (100-500 TMT). Export commitments for 2018/19 are running 8% ahead of year-ago

- Morocco will increase the import duty on soft wheat to 135% from 30% on June 1 to help local farmers sell its harvest

- China imported 196,626 MT of wheat in April, down 45% from the year before. January-April imports rose 25.5% to 1.155 MMT

- Egypt has so far bought 3 MMT of wheat from farmers. Egypt expects to procure about 3.6 MMT of wheat from its farmers during the current season, which began on April 15

- Iraq has bought 1.55 MMT of domestic wheat so far from local farmers in this year's harvest

- EU this season in period of July 1-May 26, 2018/19 exported 18.441 MMT of soft wheat compared to 18.829 MMT a year ago

- European Commission (EC) raised its forecast of 2019 EU soft wheat crop to 143.678 MMT from 141.335 MMT previously (128.579 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 15.95 MMT by the end of June 2020, above 11.388 MMT estimated for 2018/19

- FranceAgriMer estimated 79% of French soft wheat crops were in good/excellent condition by May 20, unchanged from week earlier and in line with year earlier

- SAGIS estimated S. Africa's April wheat imports at 87,467 MT vs. 82,380 MT in March. Oct-Apr 2018/19 imports fell 52.6% on year to 542,860 MT (1.146 MMT in Oct-Apr 2017/18)

CORN

- Chicago corn futures have climbed to a near 2-year high because forecasts for heavy rains across key US growing areas threatened to further delay planting. In Asia, the grain markets are getting concerned about spreading armyworm in top consumer China. The destructive pest has now spread to 15 provinces and regions since it was first detected in the south-western province of Yunnan in early January

- May 24 - USDA announced export sales of 113,000 MT of US corn for delivery to Mexico during 2018/19

- Weekly US corn export sales data for week ended May 16 totaled 626,000 MT, incl. 442,100 MT for 2018/19 within expectations (200-600 TMT). Export commitments for 2018/19 are running 11% behind of year-ago

- Ukraine's Ag Min said Ukraine exported about 45.72 MMT of grain between July 1-May 24, 2018/19 vs. 36.08 MMT for the same period of last season, including 14.82 MMT of wheat (15.98 MMT a year ago), 26.66 MMT of corn (15.71 MMT) and 3.5 MMT of barley (4.19 MMT)

- China's corn imports in April came to 663,767 MT, up 75% from the same month of 2018. January-April imports rose 75.8% to 1.646 MMT

- China imported around 610,000 MT of barley in April, down 45.6% from the year before. China's Jan-Apr barley imports totals 2.54 MMT, down 16.5% from year-ago

- EU this season in period of July 1-May 26, 2018/19 imported 21.636 MMT of corn (maize) vs. 15.868 MMT a year ago

- EU this season in period of July 1-May 26, 2018/19 exported 2.411 MMT of corn vs. 1.497 MMT a year ago

- EU this season in period of July 1-May 26, 2018/19 exported 3.999 MMT of barley vs. 5.237 MMT a year ago

- EU this season in period of July 1-May 26, 2018/19 exported 2.478 MMT of malt in barley equivalent vs. 2.559 MMT a year ago

- FranceAgriMer estimated corn planting 97% done as of May 20 (88% a week-ago), vs. last year’s pace of 94%. Corn crop condition was estimated as 83% in good to excellent, down 2% points on the prior week and vs. the year-ago score of 86%

- EC lowered its forecast of 2019 EU corn harvest to 68.199 MMT from 68.343 MMT previously (68.98 MMT in 2018). EC forecasts EU 2019/20 corn imports at 15.483 MMT vs. 22.5 MMT in 2018/19 and ending stock at 25.005 MMT vs. 26.347 MMT current season

- EC trimmed its forecast of 2019 EU barley harvest to 60.743 MMT from 60.972 MMT previously (56.013 MMT in 2018). EC forecasts EU 2019/20 barley exports at 8.824 MMT vs. 7 MMT in 2018/19 and ending stock at 8.342 MMT vs. 6.23 MMT current season

- FranceAgriMer estimated 75% of French winter barley crops were in good/excellent condition by May 20, unchanged from prior week and in line with a year-earlier. Spring barley rating was at 88% in good to excellent vs. 89% last week and vs. 76% a year ago

- SAGIS estimated South Africa's corn stocks as of April 30 were at 2.672 MMT vs. 3.396 MMT a month ago and 3.689 MMT a year ago

- SAGIS estimated S. Africa’s April corn imports at 82,796 MT; May-Apr 2018/19 imports are estimated at 171,622 MT (zero in May-Mar 2017/18)

- SAGIS estimated S. Africa's May-Apr 2018/19 corn exports at 2.276 MMT, down 8.3% on year (2.482 MMT in May-Apr 2017/18)

- Vietnam culled a further 500,000 pigs over the past two weeks to tackle an outbreak of African swine fever, taking the total killed so far to 1.7 million, or 5% of the country's herd

SOYBEAN

- Weekly US soybeans export sales data for week ended May 16 totaled 540,900 MT, incl. 535,800 MT for 2018/19, topped expectations (0-400 TMT). Export commitments for 2018/19 are running 17% behind of year-ago

- Weekly US soymeal export sales data for week ended May 16 of 300,000 MT, incl. 188,000 MT for 2018/19, within expectations (50-300 TMT). Export commitments for 2018/19 are running 1% behind of year-ago

- China’s April 2019 palm oil imports up 50.4% on year to 469,114 MT. January-April imports rose 34% to 2.191 MMT

- China's April 2019 soy oil imports fell 30% from year-ago levels to 5,718 MT. January-April imports rose 232% to 140,083 MT

- EC lowered its forecast of 2019 EU rapeseed harvest to 18.74 MMT from 19.198 MMT previously, 6.4% down from 20.022 MMT in 2018

- EC raised forecast of 2019 EU soybean harvest to 2.902 MMT from 2.842 MMT previously (2.828 MMT)

- EC upped forecast of 2019 EU sunflower seed crop to 10.145 MMT from 10.037 MMT (9.959 MMT in 2018)

- EU this season in period of July 1-May 26, 2018/19 imported 13.383 MMT of soybeans vs. 12.303 MMT a year ago

- EU this season in period of July 1-May 26, 2018/19 imported 15.887 MMT of soymeal vs. 16.925 MMT a year ago

- EU this season in period of July 1-May 26, 2018/19 imported 3.761 MMT of rapeseed vs. 4.017 MMT a year ago

- EU this season in period of July 1-May 26, 2018/19 imported 448,234 MT of sunflowerseed vs. 500,253 MT a year ago

- EU this season in period of July 1-May 26, 2018/19 imported 3 MMT of sunflower meal vs. 3.41 MMT a year ago

- EU this season in period of July 1-May 26, 2018/19 imported 1.486 MMT of sunflower oil vs. 1.504 MMT a year ago

- EU this season in period of July 1-May 26, 2018/19 imported 5.669 MMT of palm oil vs. 5.753 MMT a year ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's May 1-25 palm oil exports at 1,365,512 MT up 8.3% from a month ago

- Surveyor SGS estimated Malaysia's May 1-25 palm oil exports at 1,387,062 MT up 8.5% from a month ago

- Indonesia will maintain export tax for crude palm oil at zero for June 2019, as the CPO reference price for June is set at 547.17 $/mt, below the threshold of 750 $/mt for taxes and 570 $/mt for levies