WHEAT

- June 26 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for Oct-Nov shipment

- June 21 - Taiwan Flour Millers' Association bought 83,200 MT of US milling wheat in two consignments:

  • The first consignment has an additional charge of 33.21 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between August 4-18:
    • 20,700 MT of dark northern spring wheat (14.5% protein) from CHS at 234.13 $/mt fob;
    • 12,850 MT of hard red winter wheat (12.5% protein) from United Grain Corp at 236.31 $/mt fob;
    • 5,875 MT of soft white wheat (9% protein) from CHS at 225.19 $/mt fob.
  • The second consignment has an additional charge of 30.72 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Aug 19-Sept 2:
    • 23,000 MT of dark northern spring wheat (14.5% protein) from CHS at 234.13 $/mt fob;
    • 13,750 MT of hard red winter wheat (12.5% protein) from United Grain Corp at 245.56 $/mt fob;
    • 7,025 MT of soft white wheat (9% protein) from CHS at 229.70 $/mt fob

- June 20 - Indonesian importer bought about 50,000 MT of Black Sea-origin wheat, 11.5% protein, at 213.5 $/mt c&f for shipment in the second half of August

- US wheat export inspections for week, ending June 20, recorded 406,386 MT, within expectations (300-500 TMT). Inspections for 2019/20 are running 5.8% ahead of year-ago

- USDA reports 61% of the winter wheat crop is in good to excellent condition as of June 23, down 3% points from prior week and behind of average analyst expectations (63%), but well above last year's 37%. USDA said the US winter wheat harvest was 15% complete, below an average of expectations (19%), also lagging the last year’s 39% and the five-year average of 34%. USDA rated 75% of the US spring wheat crop in good-to-excellent condition as of June 23, down 2% points from prior week and below an average of expectations (77%) also down compared to 77% a year-ago

- EU this season in period of July 1-June 23, 2018/19 exported 20.037 MMT of soft wheat compared to 20.803 MMT a year ago

- Ukrainian farmers have threshed 495,800 MT of winter wheat with the average yield of 3.18 mt/ha (2.98 mt/ha a year ago) as of June 25

- Argentina's Ag Min raised its forecast for wheat planted area in the 2019/20 crop year to 6.5 million hectares, from 6.46 million previously, up 3.3% from 6.29 mln ha in 2018/19 

- Iraq has bought over 3.2 MMT of local wheat so far this harvesting season, which started on April 15

- China imported 189,993 MT of wheat in May, down 69% from the year before. January-May imports fell 12.4% to 1.345 MMT

CORN

- June 25 - Taiwan's MFIG bought 65,000 MT of Brazil corn at a premium of 101.08 USc/bushel c&f over the Chicago corn futures for Oct 10-29 shipment

- June 21 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 900,000 MT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 193.64 $/mt c&f in 15 consignments for August-October shipment to the Red Sea ports (720 TMT) and the Gulf ports (180 TMT):

  • Red Sea Ports:
    • 60,000 MT from Lecureur at 186.99 $/mt c&f (Aug 15-30);
    • 60,000 MT from Glencore at 189.67 $/mt c&f (Aug 15-30);
    • 60,000 MT from Nibulon at 191.55 $/mt c&f (Aug 15-30);
    • 60,000 MT from Dreyfus at 193.25 $/mt c&f (Aug 15-30);
    • 60,000 MT from Glencore at 191.14 $/mt c&f (Sept 1-15);
    • 60,000 MT from ADM Hellas at 188.88 $/mt c&f (Sept 1-15);
    • 60,000 MT from Grain Corp at 192.49 $/mt c&f (Sept 1-15);
    • 60,000 MT from Glencore at 193.09 $/mt c&f (Sept 1-15);
    • 60,000 MT from CBH Grain at 195.20 $/mt c&f (Sept 15-30);
    • 60,000 MT from ADM Hellas at 190.88 $/mt c&f (Sept 15-30);
    • 60,000 MT from Lecureur at 189.95 $/mt c&f (Oct 1-15);
    • 60,000 MT from Glencore at 193.96 $/mt c&f (Oct 1-15).
  • Gulf Ports:
    • 60,000 MT from Dreyfus at 199.95 $/mt c&f (Sept 1-15);
    • 60,000 MT from Soufflet at 205.75 $/mt c&f (Sept 1-15);
    • 60,000 MT from ADM Hellas at 201.88 $/mt c&f (Oct 15-30)

- US corn export inspections for week, ending June 20, reported 617,740 MT, near the lower end of expectations (600-800 TMT). Inspections for 2018/19 are running 6.2% behind of year-ago

- USDA said the US corn crop was 96% planted by June 23, in line with analysts' forecasts, but behind the five-year average of 100% and last year's 100%. USDA rated 56% of the US corn crop in good-to-excellent condition as of June 23, down 3% points from prior week and below expectations (59%), also down compared to 77% a year-ago

- EU this season in period of July 1-June 23, 2018/19 imported 23.251 MMT of corn (maize) vs. 17.344 MMT a year ago

- EU this season in period of July 1-June 23, 2018/19 exported 2.867 MMT of corn vs. 1.575 MMT a year ago

- EU this season in period of July 1-June 23, 2018/19 exported 4.305 MMT of barley vs. 5.618 MMT a year ago

- EU this season in period of July 1-June 23, 2018/19 exported 2.749 MMT of malt in barley equivalent vs. 2.784 MMT a year ago

- EU in week ended June 14 awarded licenses to import 101,900 MT of Ukrainian barley under an annual duty-free quota.  The award meant that the EU had now awarded 17.1% (108,821 MT) out of a total volume of 635,000 MT available in 2019

- Ukraine's Ag Min said Ukraine exported about 48.9 MMT of grain between July 1-June 21, 2018/19 vs. 38.71 MMT for the same period of last season, including 15.46 MMT of wheat (16.88 MMT a year ago), 29.17 MMT of corn (17.41 MMT) and 3.53 MMT of barley (4.21 MMT)

- Ukrainian farmers have threshed 1.021 MMT of winter barley with the average yield of 3.25 mt/ha (3.2 mt/ha a year ago) as of June 25

- Argentina's Ag Min raised its forecast of corn crop in 2018/19 by 1 MMT to 57 MMT, up 31.2% from 43.46 MMT in 2017/18. Forecast of corn exports in 2018/19 (Mar 2019-Feb 2020) was upped by 2 MMT to 34 MMT (22.45 MMT last season)

- Argentina's Ag Min lowered its forecast for barley planted area in the 2019/20 crop year to 1.33 million hectares, from 1.36 million ha previously, down 1.8% from 1.355 mln ha in 2018/19

- Argentina's Ag Min lowered its estimate of sorghum crop in 2018/19 by 100,000 MT to 1.6 MMT, up 3.2% from 1.55 MMT in 2017/18. Sorghum exports in 2018/19 (Mar 2019-Feb 2020) are expected steady on year at 200,000 MT

- China's corn imports in May came to 746,520 MT, down 1.1% from the same month of 2018. January-May imports rose 41.4% to 2.392 MMT

- China imported around 310,000 MT of barley in May, down 59.4% from the year before. China's Jan-May barley imports totals 2.85 MMT, down 25.2% from year-ago

- China's pork imports surged by 62.6% in May from the same month last year to 187,459 MT, the largest volume since August 2016, as the country stocked up on supplies ahead of an anticipated shortage. For the first five months of 2019, imports surge to 658,236 MT, up almost 20% from the same time a year ago

SOYBEAN

- US soybean export inspections for week, ending June 20, reported 682,155 MT, within trade expectations (500-775 TMT). Inspections for the 2018/19 marketing year are running 25.6% behind of year-ago

- USDA said 85% of the US soybean crop was planted as of June 23, behind of market forecasts (88%), down compared to 100% last year and an 97% five-year average. USDA rated 54% of the US soybean crop in good-to-excellent condition as of June 23, down compared to 73% a year-ago and below an average of expectations (59%)

- Argentina's Ag Min lowered forecast of soybean crop in 2018/19 by 300,000 MT to 55.6 MMT, up 47.2% from 37.78 MMT in 2017/18. Soybean exports in 2018/19 (Apr 2019-Mar 2020) are expected to rise to 9 MMT from 3.9 MMT last season

- EU this season in period of July 1-June 23, 2018/19 imported 14.722 MMT of soybeans vs. 13.534 MMT a year ago

- EU this season in period of July 1-June 23, 2018/19 imported 17.369 MMT of soymeal vs. 18.753 MMT a year ago

- EU this season in period of July 1-June 23, 2018/19 imported 4.144 MMT of rapeseed vs. 4.207 MMT a year ago

- EU this season in period of July 1-June 23, 2018/19 imported 503,315 MT of sunflowerseed vs. 534,431 MT a year ago

- EU this season in period of July 1-June 23, 2018/19 imported 3.377 MMT of sunflower meal vs. 3.677 MMT a year ago

- EU this season in period of July 1-June 23, 2018/19 imported 1.708 MMT of sunflower oil vs. 1.636 MMT a year ago

- EU this season in period of July 1-June 23, 2018/19 imported 6.226 MMT of palm oil vs. 6.242 MMT a year ago

- Ukrainian farmers harvested 93,000 MT of winter rapeseed as of June 25, yields totalled 1.18 mt/ha (1.74 mt/ha a year ago)

- Surveyor AmSpec Agri Malaysia estimated Malaysia's June 1-25 palm oil exports at 1,173,814 MT down 14% from a month ago

- Surveyor SGS estimated Malaysia's June 1-25 palm oil exports at 1,174,292 MT down 15.3% from a month ago

- Malaysia will maintain its crude palm oil export tax at 0% in July 2019, the same rate as the previous month. Malaysia calculated a reference price of 1,970.44 MYR/mt for July

- China’s May 2019 palm oil imports up 49.2% on year to 610,496 MT. January-May imports rose 37.2% to 2.802 MMT

- China's May 2019 soy oil imports fell 7.4% from year-ago levels to 54,477 MT. January-May imports rose 92.6% to 194,560 MT