WHEAT

- July 25 - Japan seeks 114,242 MT of US food wheat for Sept shipments:

  • 35,727 MT of western white US wheat;
  • 43,860 MT of hard red winter US wheat;
  • 34,655 MT of dark northern spring US wheat

- July 23 - Egypt’s GASC seeks an unspecified amount of wheat from global suppliers for Aug 25-Sept 5 shipment

- July 23 - Taiwan Flour Millers' Association bought 90,650 MT of US milling wheat in two consignments:

  • The first consignment was bought from CHS and has an additional charge of 34.37 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Sept 3-17:
    • 23,800 MT of dark northern spring wheat (14.5% protein) at 226.73 $/mt fob;
    • 13,400 MT of hard red winter wheat (12.5% protein) at 231.34 $/mt fob;
    • 5,350 MT of soft white wheat (9% protein) at 229.32 $/mt fob.
  • The second consignment was bought from Columbia Grain International and has an additional charge of 31.93 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Sept 18-Oct 2:
    • 25,500 MT of dark northern spring wheat (14.5% protein) at 229.63 $/mt fob;
    • 15,600 MT of hard red winter wheat (12.5% protein) at 231.02 $/mt fob;
    • 7,000 MT of soft white wheat (9% protein) at 228.24 $/mt fob

- Asian flour millers have been actively buying US and Canadian spring wheat since last week as competitive prices drive demand for the grain. Millers from Indonesia, Japan, the Philippines and Thailand, have signed contracts to import about 300,000-400,000 MT of spring wheat, 13.5-14% protein, at around 250-255 $/mt c&f, or 225-230 $/mt fob for shipment in September

- US wheat export inspections for week, ending July 18, recorded 433,117 MT, within expectations (350-550 TMT). Inspections for 2019/20 are running 27.5% ahead of year-ago

- USDA said the US winter wheat harvest was 69% complete as of July 21, behind of expectations (73%), also below the last year’s 79% and the five-year average of 79%. USDA rated 76% of the US spring wheat crop in good-to-excellent condition as of July 21, unchanged from prior week and matching expectations, but down compared to 79% a year-ago

- EU this season in period of July 1-21, 2019/20 exported 584,635 MT of soft wheat compared to 648,383 MT a year ago

- MARS lowered its yield forecast for this year's EU soft wheat to 6.04 mt/ha from 6.1 mt/ha prior month, up 7.3% from last year and 1.6% above the five-year mean

CORN

- July 22 - South Korea's KOCOPIA bought 55,000 MT of corn, likely from Brazil, from Posco International at 221.25 $/mt c&f including a surcharge for additional port unloading for Oct 25 arrival

- July 22 - Argentina registered 411,285 MT of corn for export

- US corn export inspections for week, ending July 18, reported 438,045 MT, below expectations (450-750 TMT). Inspections for 2018/19 are running 12.5% behind of year-ago

- USDA rated 57% of the US corn crop in good-to-excellent condition as of July 21, down 1% point from prior week and behind of expectations (58%), also down compared to 72% a year-ago

- EU this season in period of July 1-21, 2019/20 imported 1.241 MMT of corn (maize) vs. 685,316 MT a year ago

- EU this season in period of July 1-21, 2019/20 exported 27,676 MT of corn vs. 10,875 MT a year ago

- EU this season in period of July 1-21, 2019/20 exported 170,388 MT of barley vs. 186,086 MT a year ago

- EU this season in period of July 1-21, 2019/20 exported 91,458 MT of malt in barley equivalent vs. 92,567 MT a year ago

- MARS raised its yield forecast for this year's EU corn to 8.08 mt/ha from 8.05 mt/ha last month, down 3.3% from last year but 6.1% above the five-year average

- MARS lowered its yield estimate for this year's EU barley (winter and spring) to 4.91 mt/ha from 4.92 mt/ha last month, up 6.8% from last year and 1% above the five-year mean

SOYBEAN

- US soybean export inspections for week, ending July 18, reported 559,462MT, within trade expectations (450-750 TMT). Inspections for the 2018/19 marketing year are running 24% behind of year-ago

- USDA rated 54% of the US soybean crop in good-to-excellent condition as of July 21, unchanged from prior week as expected, but down compared to 70% a year-ago

- EU this season in period of July 1-21, 2019/20 imported 896,750 MT of soybeans vs. 496,170 MT a year ago

- EU this season in period of July 1-21, 2019/20 imported 1.226 MMT of soymeal vs. 821,331 MT a year ago

- EU this season in period of July 1-21, 2019/20 imported 59,956 MT of rapeseed vs. 40,368 MT a year ago

- EU this season in period of July 1-21, 2019/20 imported 6,251 MT of sunflowerseed vs. 4,307 MT a year ago

- EU this season in period of July 1-21, 2019/20 imported 197,293 MT of sunflower meal vs. 113,942 MT a year ago

- EU this season in period of July 1-21, 2019/20 imported 162,503 MT of sunflower oil vs. 91,356 MT a year ago

- EU this season in period of July 1-21, 2019/20 imported 170,636 MT of palm oil vs. 311,728 MT a year ago

- MARS cut its yield forecast for this year's EU rapeseed to 3.1 mt/ha from 3.14 mt/ha last month, up 7.3% from 2018 but 4.2% below the 5-year average

- MARS upped its yield forecast for this year's EU sunflower seed to 2.45 mt/ha from 2.37 mt/ha last month, up 11% over the 5-year average and up 1.3% from 2018

- Surveyor SGS estimated Malaysia's July 1-20 palm oil exports at 926,257 MT up 3.2% from a month ago