WHEAT

- July 23 - Taiwan Flour Millers' Association seeks 90,650 MT of US milling wheat in two consignments: 42,550 MT for Sept 3-17 and 48,100 MT for Sept 18-Oct 2 shipments

- July 16 - South Korean flour mill SPC bought about 30,000 MT of milling wheat (20,000 MT from the US and 10,000 MT from Canada) from Itochu for Oct 1-15 arrival

- July 16 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat

- US wheat export inspections for week, ending July 11, recorded 315,358 MT, below expectations (400-600 TMT). Inspections for 2019/20 are running 30.6% ahead of year-ago

- USDA said the US winter wheat harvest was 57% complete as of July 14, behind of expectations (62%), also below the last year’s 72% and the five-year average of 71%. USDA rated 76% of the US spring wheat crop in good-to-excellent condition as of July 14, down 2% points from prior week and below expectations (78%), also down compared to 80% a year-ago

- EU this season in period of July 1-14, 2019/20 exported 399,321 MT of soft wheat compared to 380,930 MT a year ago

- Germany's association of farm cooperatives lowered its forecast of country’s 2019 wheat crop to 23.85 MMT from 24.7 MMT in June, a 17.7% increase from last year

- Ukrainian farmers have threshed 13.059 MMT of winter wheat from 55.6% area with the average yield of 3.64 mt/ha as of July 16

- IKAR lowered its 2019 Russian wheat crop outlook to 77.5 MMT from 78.5 MMT previously

- Russia's grain union expects Russia's grain crop this year at 128 MMT, incl. 78 MMT of wheat. They predict Russian grain exports in 2019/20 at 46-47 MMT, incl. 37-38 MMT of wheat

- Russia's Ag Min forecasts grain production to rise to 140-150 MMT by 2035 and for grain exports to stand at 56-63 MMT

- Rosario grain exchange expected Argentine 2019/20 wheat production at 21.5 MMT

CORN

- US corn export inspections for week, ending July 11, reported 676,485 MT, within expectations (500-800 TMT). Inspections for 2018/19 are running 11% behind of year-ago

- USDA rated 58% of the US corn crop in good-to-excellent condition as of July 14, up 1% point from prior week and ahead of expectations (56%), but down compared to 72% a year-ago

- EU this season in period of July 1-14, 2019/20 imported 698,867 MT of corn (maize) vs. 339,906 MT a year ago

- EU this season in period of July 1-14, 2019/20 exported 23,581 MT of corn vs. 5,442 MT a year ago

- EU this season in period of July 1-14, 2019/20 exported 121,414 MT of barley vs. 131,096 MT a year ago

- EU this season in period of July 1-14, 2019/20 exported 63,679 MT of malt in barley equivalent vs. 54,231 MT a year ago

- Germany's association of farm cooperatives lowered its forecast of country’s 2019 corn crop to 4.13 MMT (4.38 MMT previously), a 23.8% increase from last year

- Germany's association of farm cooperatives forecasted the country’s 2019 winter barley crop at 9.85 MMT (9.99 MMT – previous forecast in June), up 33.6% from last year; and spring barley crop at 2.08 MMT (2.14 MMT – previous forecast), down 5.4% from 2018

- Ukrainian farmers have harvested 3.458 MMT of winter barley from 95.9% area with the average yield of 3.58 mt/ha as of July 16; also 1.672 MMT of spring barley from 41.8% area with yield of 2.67 mt/ha; and 506,800 MT of peas from 79.8% area with yield of 2.23 mt/ha

SOYBEAN

- US soybean export inspections for week, ending July 11, reported 854,373 MT, topped trade expectations (500-800 TMT). Inspections for the 2018/19 marketing year are running 24.1% behind of year-ago

- USDA rated 54% of the US soybean crop in good-to-excellent condition as of July 14, up 1% point from prior week and ahead of average of expectations (53%), but down compared to 69% a year-ago

- NOPA said its members crushed a smaller-than-expected 148.843 million bushels of soybeans during June (154.405 million bu – average expectations, 147.937-164.5 – range), the lowest level in 21 months.  NOPA processors crashed 154.796 mln bu in May and 159.228 mln bu a year ago. Soyoil stocks fell to a six-month low of 1.535 billion lbs as of June 30 from 1.581 a month earlier, below the last year’s level of 1.766 billion lbs, but above average expectations of 1.527 billion lbs. Soymeal exports fell to a 21-month low of 554,867 tons from 617,318 tons in May and vs. 857,275 tons a year-ago

- EU this season in period of July 1-14, 2019/20 imported 607,933 MT of soybeans vs. 288,486 MT a year ago

- EU this season in period of July 1-14, 2019/20 imported 760,481 MT of soymeal vs. 504,174 MT a year ago

- EU this season in period of July 1-14, 2019/20 imported 26,071 MT of rapeseed vs. 18,838 MT a year ago

- EU this season in period of July 1-14, 2019/20 imported 4,795 MT of sunflowerseed vs. 2,301 MT a year ago

- EU this season in period of July 1-14, 2019/20 imported 120,923 MT of sunflower meal vs. 55,379 MT a year ago

- EU this season in period of July 1-14, 2019/20 imported 97,846 MT of sunflower oil vs. 61,268 MT a year ago

- EU this season in period of July 1-14, 2019/20 imported 100,532 MT of palm oil vs. 158,260 MT a year ago

- Germany's association of farm cooperatives cut Germany's 2019 winter rapeseed output forecast from 3.07 to 2.97 MMT this month, down 19% from 2018

- Ukrainian farmers harvested 2.069 MMT of winter rapeseed from 69.5% area as of July 16, yields totalled 2.3 mt/ha

- India imported 1.105 MMT of veg oils (edible & non-edible) in June vs. 1.222 MMT in May, up 6% from 1.042 MMT a year ago

- India imported 421,001 MT of crude palm oil in June vs. 439,590 MT in May and vs. 304,577 MT a year ago. India's Nov-June 2018/19 imports totals 4.167 MMT vs. 4.172 MMT a year ago

- India imported 255,551 MT of RBD palmolein in June vs. 371,060 MT in May and vs. 177,071 MT a year ago. India's Nov-June 2018/19 imports totals 1.826 MMT vs. 1.315 MMT a year ago

- India imported 222,853 MT of soybean oil in June vs. 232,003 MT in May and vs. 288,519 MT a year ago. India's Nov-June 2018/19 imports totals 1.692 MMT vs. 1.777 MMT a year ago

- India imported 161,540 MT of sunflower oil in June vs. 130,634 MT in May and vs. 221,249 MT a year ago. India's Nov-June 2018/19 imports totals 1.634 MMT vs. 1.871 MMT a year ago

- India's stock of edible oils at various ports and in pipelines as of July 1, 2019 fell to 2.15 MMT from 2.2 MMT a month ago, down vs. last year's 2.518 MMT. India's monthly requirement is about 1.9 MMT

- Malaysia will maintain its crude palm oil export tax at 0% in August 2019, the same rate as the previous month. Malaysia calculated a reference price of 1,905.38 MYR/mt for August

- Surveyor AmSpec Agri Malaysia estimated Malaysia's July 1-15 palm oil exports at 656,210 MT up 3% from a month ago

- Surveyor SGS estimated Malaysia's July 1-15 palm oil exports at 658,182 MT up 0.4% from a month ago

- GAPKI estimated Indonesia's May exports of palm oil and palm kernel oil at 2.4 MMT, up 18% from the previous month (2.03 MMT in April) and up 12% compared to May 2018 (2.14 MMT)