WHEAT

- June 28 -  Saudi Arabia’s SAGO was seeking 715,000 MT of wheat, 12.5% protein, in 12 consignments for Sept-Nov shipment

- June 26 - Importers in the Philippines bought about 95,000 MT of Black Sea feed wheat in two consignments: 40,000 MT at 221-222 $/mt c&f for shipment in the second half of July and 55,000 MT at 216 $/mt c&f for shipment in the first half of September

- June 26 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat and re-tender on July 3

- Indonesian millers in past two weeks have bought about 5 cargos of Black Sea wheat for July-August shipment at around 215 $/mt c&f

- Weekly US wheat export sales data for week ended June 20 totaled 612,000 MT for 2019/20, topped market expectations (200-500 TMT). Export commitments for 2019/20 are running 24% ahead of year-ago

- Bulgaria expects to harvest 5.4 MMT of wheat this year (5.8 MMT in 2018)

- Serbia expects to harvest 2.7 MMT of wheat this year (3.4 MMT in 2018)

- FranceAgriMer estimated 80% of French soft wheat crops were in good/excellent condition by June 24, unchanged from week earlier and vs. 74% a year ago 

- European Commission (EC) lowered its forecast of 2019 EU soft wheat crop to 142.34 MMT from 143.678 MMT previously (128.835 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 14.089 MMT by the end of June 2020, above 11.644 MMT estimated for 2018/19

- Russian farmers as of June 28 have harvested 5.3 MMT of wheat from 1.2 million ha with the average yield of 4.38 mt/ha (4.03 mt/ha a year ago)

- Ukrainian farmers have threshed 495,800 MT of winter wheat from 5.1% area with the average yield of 3.19 mt/ha as of June 27

- Stats Canada lowered estimate of Canada’s 2019 all-wheat seedings to 24.595 million acres from 25.67 million acres in April, down 0.6% from a year earlier

- International Grains Council (IGC) raised its forecast for global wheat production in 2019/20 by 2.7 MMT to 768.5 MMT (733.1 MMT in 2018/19), reflecting upward revisions for India, the EU and Ukraine. Forecast of ending stocks was lowered by 1.2 MMT to 274.8 MMT (262.7 MMT in 2018/19)

- Buenos Aires Grain Exchange raised its estimate of Argentine 2019/20 wheat crop area from 6.4 to 6.6 mln ha (6.2 mln ha in 2018/19)

- SAGIS estimated S. Africa's May wheat imports at 201,450 MT vs. 87,467 MT in April. Oct-May 2018/19 imports fell 42.7% on year to 742,097 MT (1.295 MMT in Oct-May 2017/18)

CORN

- June 26 - Taiwan Sugar Corp bought 15,000 MT of US corn for Aug 27-Sept 25 shipment from CJ International at around 252.3 $/t c&f (at a premium of 186.4 US cents/bu c&f over the Chicago December contract)

- Indian state-run trading company MMTC had for the seventh time postponed the offer deadline in an international tender for non-GM yellow corn for July-Aug shipment now from June 25 to June 27. Offers must remain valid up to July 11

- Weekly US corn export sales data for week ended June 20 totaled 405,000 MT, incl. 294,900 MT for 2018/19 within expectations (150-450 TMT). Export commitments for 2018/19 are running 15% behind of year-ago

- USDA pegged US corn planted acres well above trade expectations despite rains and flooding this spring that disrupted sowing. USDA said farmers planted 91.7 million acres of corn, down 1.1 mln. acres from the government's March forecast, but above the 89.129 million last year. Analysts, on average, were expecting corn acres at 86.66 million acres

- Ukraine's Ag Min said Ukraine exported about 49.58 MMT of grain between July 1-June 27, 2018/19 vs. 39.24 MMT for the same period of last season, including 15.57 MMT of wheat (17.07 MMT a year ago), 29.73 MMT of corn (17.68 MMT) and 3.53 MMT of barley (4.28 MMT)

- Ukrainian farmers have harvested 1.413 MMT of winter barley from 42.6% area with the average yield of 3.3 mt/ha as of June 27; also 62,000 MT of spring barley from 1.6% area with yield of 2.61 mt/ha; and 134,600 MT of peas from 22.6% area with yield of 2.08 mt/ha

- Russian farmers as of June 28 have harvested 2 MMT of barley from 442,800 ha with the average yield of 4.54 mt/ha (3.99 mt/ha a year ago)

- Stats Canada upped estimate of Canada’s 2019 barley plantings to 7.4 from 7.16 million acres in April (up 14% over 2018); oat plantings to 3.606 from 3.29 million acres (up 18.1% over 2018); peas plantings to 4.333 from 4.04 million acres (up 19.8% over 2018); while corn plantings estimate revised down to 3.694 from 3.8 million acres (up 1.9% from 2018)

- IGC cut its forecast of the global corn crop in 2019/20 by 23 MMT to 1.095 billion tones (1.13 BMT in 2018/19), mostly reflecting downward revise this month for the US (from 362.4 to 333.5 MMT). IGC lowered its forecast for 2019/20 global corn carryover by 12.9 MMT to 271.4 MMT, sharply down vs. 319.5 MMT in 2018/19 

- EC raised its forecast of 2019 EU corn harvest to 69.338 MMT from 68.199 MMT previously (68.98 MMT in 2018). EC forecasts EU 2019/20 corn imports at 15.483 MMT vs. 24 MMT in 2018/19 and ending stock at 25.961 MMT vs. 26.877 MMT current season

- EC trimmed its forecast of 2019 EU barley harvest to 59.884 MMT from 60.743 MMT previously (56.013 MMT in 2018). EC forecasts EU 2019/20 barley exports at 8.824 MMT vs. 7.3 MMT in 2018/19 and ending stock at 6.905 MMT vs. 5.93 MMT current season

- FranceAgriMer estimated 82% of corn crops were in good/excellent condition by June 24, up 1% point from prior week and vs. 74% a year ago

- FranceAgriMer estimated 75% of French winter barley crops were in good/excellent condition by June 24, unchanged from prior week and vs. 72% a year ago. Spring barley rating was at 86% in good to excellent vs. 87% last week and vs. 77% a year ago

- Zimbabwe has banned farmers from selling maize to anyone other than the state Grain Market Board as the government moves to keep prices of the staple crop down after a severe drought cut output. Zimbabwe expects its maize output to drop 54% this year, to 776,635 MT

- SAGIS estimated South Africa's corn stocks as of May 31 were at 3.063 MMT vs. 3.419 MMT a year ago

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 10.933 MMT from 10.9 MMT last month (12.51 MMT in 2018)

- SAGIS estimated S. Africa’s May corn imports at 42,495 MT (zero in May 2018)

- SAGIS estimated S. Africa's May corn exports at 122,181 MT, down 56.8% on year (282,821 MT in May 2018)

SOYBEAN

- June 28 - USDA announced export sales of 544,000 MT of US soybeans for delivery to China during 2018/19

- June 26 - USDA announced export sales of 145,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- June 26 - Taiwan Sugar Corp bought 15,000 MT of US soybeans for Aug 27-Sept 25 shipment from CJ International at around 389.3 $/t c&f (at a premium of 138.8 US cents/bu c&f over the Chicago November contract)

- Weekly US soybeans export sales data for week ended June 20 totaled 487,800 MT, incl. 168,200 MT for 2018/19, below expectations (200-500 TMT). Export commitments for 2018/19 are running 16% behind of year-ago

- Weekly US soymeal export sales data for week ended June 20 of 69,700 MT, incl. 28,700 MT for 2018/19, below expectations (75-250 TMT). Export commitments for 2018/19 are running 1% behind of year-ago

-  USDA’s estimate for soybean plantings was smaller-than-expected at 80.04 million acres, compared with the 84.617 million acres predicted in March and average expectations of 84.355 million acres and last-year’s 89.196 million

- IGC lowered its forecast of the soybean production in 2019/20 by 9.2 MMT to 348.6 MMT (362.5 MMT in 2018/19), mostly reflecting downward revise this month for the US (from 114 to 106 MMT). IGC cut its forecast for 2019/20 global soybean carryover by 7.7 MMT to 45.2 MMT (54.5 MMT in 2018/19)

- Stats Canada upped estimate of country’s 2019 soybean plantings to 5.714 from 5.65 million acres in April, down 9.6% from 2018

- Stats Canada cut estimate of country’s 2019 canola plantings to 20.952 from 21.31 million acres in April, down 8.2% from 2018

- CEC lowered its forecast of S. Africa’s 2019 soybean crop to 1.216 MMT from 1.296 MMT previously (1.54 MMT in 2018)

- EC lowered its forecast of 2019 EU rapeseed harvest to 18.711 MMT from 18.74 MMT previously, 6.6% down from 20.043 MMT in 2018

- EC raised forecast of 2019 EU soybean harvest to 2.913 MMT from 2.902 MMT previously (2.827 MMT)

- EC upped forecast of 2019 EU sunflower seed crop to 10.64 MMT from 10.145 MMT (9.964 MMT in 2018)

- Ukrainian farmers harvested 190,500 MT of winter rapeseed from 8.1% area as of June 27, yields totalled 1.82 mt/ha

- Indonesia will maintain export tax for crude palm oil at zero for July 2019, as the CPO reference price for July is set at 542.45 $/mt, below the threshold of 750 $/mt for taxes and 570 $/mt for levies