WHEAT

- June 20 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat

- June 19 - Egypt's GASC bought 290,000 MT of wheat from Romania (180 TMT) and Russia (110 TMT) for July 22-31 shipment:

  • 120,000 MT of Romanian wheat from Ameropa at 210.45 $/mt c&f (198 fob+12.45 freight);
  • 60,000 MT of Romanian wheat from Cerealcom at 210.45 $/mt c&f (198 fob+12.45 freight);
  • 55,000 MT of Russian wheat from Posco International at 210.09 $/mt c&f (196.16 fob+13.93 freight);
  • 55,000 MT of Russian wheat from Glencore at 211.21 $/mt c&f (196.86 fob+14.35 freight)

- Egypt has so far bought 3.66 MMT of wheat from farmers during the current season, which began on April 15 and lasts until the end of June

- Bangladesh bought 100,000 MT of Russian wheat at 267.3 $/mt CIF in a government-to-government deal for July arrival

- June 19 - South Korea's Major Feedmill Group (MFG) purchased 128,000 MT of optional-origin feed wheat in two consignments

  • 63,000 MT from Glencore at 214.95 $/mt c&f including a surcharge for additional port unloading for Aug 15-Sept 15 shipment
  • 65,000 MT from Olam at 215.95 $/mt c&f including a surcharge for additional port unloading for Aug 15-Sept 15 shipment

- June 17 - South Korea's Feed Leaders Committee (FLC) in a private deal purchased about 60,000 MT of optional-origin feed wheat from Glencore at 218 $/mt c&f + 1 $/mt surcharge for additional port unloading for Aug 20-Sept 20 shipment

- Weekly US wheat export sales data for week ended June 13 totaled 187,600 MT for 2019/20, below market expectations (200-500 TMT). Export commitments for 2019/20 are running 26% ahead of year-ago

- Sovecon lowered its forecast of Russian 2019/20 grain exports by 500,000 MT to 48.9 MMT, including 37.6 MMT of wheat (down 600,000 MT from previous forecast), 5.2 MMT of barley and 4.1 MMT of corn. SovEcon currently expect Russia's 2019 wheat crop at 82.2 MMT (72.1 MMT in 2018)

- IKAR lowered its forecast of Russian 2019/20 grain exports by 1.4 MMT to 46 MMT, including 36.5 MMT of wheat (down 500,000 MT from previous forecast). IKAR currently expect Russia's 2019 wheat crop at 80 MMT (down 500,000 MT from previous forecast), grain crop at 124.7 MMT (down 1.5 MMT from previous forecast)

- Japan's May grain imports fell 10.3% on year to 1.96 MMT, incl. 1.552 MMT from the US (down by 8.5%)

- FranceAgriMer estimated 80% of French soft wheat crops were in good/excellent condition by June 17, unchanged from week earlier and vs. 75% a year ago 

CORN

- June 21 - Saudi Arabia’s SAGO seeks 900,000 MT of feed barley in 15 consignments for August-October shipment

- June 20 - USDA announced export sales of 122,000 MT of US corn for delivery to Mexico during 2018/19 (52 TMT) and 2019/20 (70 TMT)

- Indian state-run trading company MMTC has again postponed the offer deadline in an international tender for non-GM yellow corn now from June 19 to June 25. The MMTC is now asking for offers of corn for shipment July 1-Aug 20

- Weekly US corn export sales data for week ended June 13 totaled 399,200 MT, incl. 38,400 MT for 2018/19 below expectations (100-400 TMT). Export commitments for 2018/19 are running 14% behind of year-ago

- China will maintain anti-dumping tariffs on US distillers grains

- Japan's use of corn in animal feed totalled 48.8% in April 2019, unchanged from prior month and by 0.4% point above year-ago level (48.4% in April 2018). Its use of barley rose by 0.1% point on month to 3.5% (3.5% a year ago); wheat usage left at 1.6% (1.7% year-ago). Sorghum usage in feed rations fell by 0.1% point from prior month to 1.8% (2.0% in April 2018)

- Ukrainian grain stocks were at 7.866 MMT as of June 1, up 5.4% from a year earlier, incl. 2.415 MMT of wheat (2.735 MMT a year ago), 681,000 MT of barley (709,300 MT a year ago) and 4.426 MMT of corn (4.31 MMT a year ago). The data does not include grain stored at small farms

- Farmers in Ukraine have started the 2019 grain harvest, threshing the first 341,000 MT of barley as of June 20. Yields totals 3.13 mt/ha and 4% areas harvested

- FranceAgriMer estimated 81% of corn crops were in good/excellent condition by June 17, down 1% point from prior week and vs. 72% a year ago

- FranceAgriMer estimated 75% of French winter barley crops were in good/excellent condition by June 17, up 1% point from prior week and vs. 73% a year ago. Spring barley rating was at 87% in good to excellent vs. 87% last week and vs. 77% a year ago

- China will block pork imports from a third Canadian firm after a shipment was found to contain the banned feed additive ractopamine

SOYBEAN

- June 20 - USDA announced export sales of 189,000 MT of US soybeans for delivery to unknown destinations during 2018/19 (126 TMT) and 2019/20 (63 TMT)

- June 20 - South Korea's NOFI has purchased about 60,000 MT of Brazilian soymeal from Cargill at 371.0 $/mt c&f + 1.5 and 2.0 $/mt surcharges for additional port unloading for Nov 15 arrival

- June 18 - South Korea’s Agro-Fisheries & Food Trade Corp bought 7,000 MT of non-GM soybeans:

  • 3,000 MT from Canada at 593.42 $/mt for Oct 1-Nov 15 arrival;
  • 4,000 MT from the US at 613.86 $/mt for Nov 15-Dec 15 arrival

- Weekly US soybeans export sales data for week ended June 13 totaled 771,500 MT, incl. 571,500 MT for 2018/19, topped expectations (100-400 TMT). Export commitments for 2018/19 are running 16% behind of year-ago

- Weekly US soymeal export sales data for week ended June 13 of 147,300 MT, incl. 109,600 MT for 2018/19, within expectations (100-300 TMT). Export commitments for 2018/19 are running in line with a year-ago

- Japan's May soybean imports rose 22.9% on year to 400,916 MT, incl. 265,923 MT from the US (up by 60.2%)

- India imported 1.222 MMT of veg oils (edible & non-edible) in May vs. 1.232 MMT in April, down 5% from 1.286 MMT a year ago

- India imported 439,590 MT of crude palm oil in May vs. 449,762 MT in April and vs. 331,592 MT a year ago. India's Nov-May 2018/19 imports totals 3.746 MMT vs. 3.867 MMT a year ago

- India imported 371,060 MT of RBD palmolein in May vs. 238,479 MT in April and vs. 157,832 MT a year ago. India's Nov-May 2018/19 imports totals 1.57 MMT vs. 1.138 MMT a year ago

- India imported 232,003 MT of soybean oil in May vs. 248,851 MT in April and vs. 396,969 MT a year ago. India's Nov-May 2018/19 imports totals 1.469 MMT vs. 1.489 MMT a year ago

- India imported 130,634 MT of sunflower oil in May vs. 242,462 MT in April and vs. 330,985 MT a year ago. India's Nov-May 2018/19 imports totals 1.473 MMT vs. 1.65 MMT a year ago

- India's stock of edible oils at various ports and in pipelines as of June 1, 2019 fell to 2.2 MMT from 2.355 MMT a month ago, down vs. last year's 2.662 MMT. India's monthly requirement is about 1.9 MMT

- Ukrainian sunflower stocks were at 2.149 MMT as of June 1, up 19.2% from a year earlier (1.803 MMT). The data does not include grain stored at small farms

- Surveyor AmSpec Agri Malaysia estimated Malaysia's June 1-20 palm oil exports at 913,159 MT down 5.8% from a month ago

- Surveyor SGS estimated Malaysia's June 1-20 palm oil exports at 897,936 MT down 9.5% from a month ago