WHEAT

- August 20 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for Nov-Dec shipment

- August 2 - South Korean flour mills are seeking 50,000 MT of milling wheat from the US for October shipment and 31,700 MT from Canada for Oct 15-Nov 15 shipment

- July 31 - Importers in the Philippines bought about 165,000 MT of optional-origin feed wheat in three 55,000 MT consignments for October-January shipment at approximately 225 $/mt c&f

- July 30 - Algeria's OAIC bought about 570,000 MT of optional-origin milling wheat at 215.5-216 $/mt c&f (150 TMT from Invivo, 150 TMT from Soufflet, 150 TMT from Casilllo and 120 TMT from Lecureur) for September shipment

- July 30 - Jordan Silos & Supply General Company bought 25,000 MT of optional-origin milling wheat at 234 $/mt c&f from Ameropa for first half of September shipment

- July 30 - Jordan bought 60,000 MT of optional-origin hard milling wheat from Nibulon at 229.5 $/mt c&f for second half of October shipment

- Bangladesh has approved the purchase of 100,000 MT of wheat from Russia at 267.30 $/mt cif in an inter-state deal. Russian state firm Prodintorg will supply the wheat, with the first batch of around 52,000 tonnes arriving in the first week of August

- Weekly US wheat export sales data for week ended July 25 totaled 383,100 MT for 2019/20, within market expectations (300-600 TMT). Export commitments for 2019/20 are running 23% ahead of year-ago

- US wheat export inspections for week, ending July 25, recorded 390,730 MT, within expectations (350-550 TMT). Inspections for 2019/20 are running 24.5% ahead of year-ago

- USDA said the US winter wheat harvest was 75% complete as of July 28, behind of expectations (81%), also below the last year’s 84% and the five-year average of 86%. USDA rated 73% of the US spring wheat crop in good-to-excellent condition as of July 28, down 3% points from prior week and behind of expectations (76%), also down compared to 78% a year-ago

- Agritel said French 2019 soft wheat crop to be the second largest in history at 39.17 MMT, up 14.9% from last year

- Strategie Grains raised its estimate for France's 2019 soft wheat crop by nearly 700,000 MT to 38.98 MMT (33.8 MMT in 2018)

- German association of farmers DBV cut forecast of Germany's 2019 winter wheat crop to about 22 MMT from 24.1 MMT previously, up 12% from year-ago (19.6 MMT in 2018)

- Ukrainian farmers have threshed 23.4 MMT of wheat from 85% area with the average yield of 4.04 mt/ha as of July 31. The share of milling wheat in Ukraine's 2019 wheat harvest is expected to rise to about 65% from around 55% in 2018 thanks to hot and dry weather

CORN

- The lowest offer in the international tender from Indian state-run trading company MMTC to purchase non-GM yellow corn was 251 $/mt c&f. The tender closed on July 30 and offers must remain valid until Aug 12. Hakan offered 251 $/mt c&f for Oct shipment, Agrocorp International –267.3 $/mt c&f for Aug shipment and 257.3 $/mt c&f for Oct shipment, Posco International – 259 $/mt c&f for Oct shipment

- August 1 - South Korea's Feed Leaders Committee (FLC) bought around 65,000 MT of corn, likely from South America, from CHS at 209.5 $/mt c&f + 1.0 $/mt surcharge for additional port unloading for Dec 30 arrival

- July 31 - South Korea's Major Feedmill Group (MFG) in a private deal purchased 69,000 MT of corn, likely from South America, from Cargill at 210.35 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 8-27 shipment

- July 31 - South Korea's Nonghyup Feed Inc. (NOFI) bought 65,000 MT of optional-origin corn from CHS at 208.74 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Dec 5 arrival

- July 31 - Japan bought 760 MT of feed barley for Dec 25 arrival via SBS-tender

- July 29 - Argentina registered 730,000 MT of corn for export

- Weekly US corn export sales data for week ended July 25 totaled 272,700 MT, incl. 143,100 MT for 2018/19, below expectations (150-400 TMT), and 129,600 MT for 2019/20, below expectations (150-450 TMT). Export commitments for 2018/19 are running 16% behind of year-ago

- US corn export inspections for week, ending July 25, reported 645,367 MT, within expectations (400-700 TMT). Inspections for 2018/19 are running 14% behind of year-ago

- USDA rated 58% of the US corn crop in good-to-excellent condition as of July 28, up 1% point from prior week and ahead of expectations (57%), but down compared to 72% a year-ago

- China has approved barley imports from seven regions in Russia

- Ukraine's Ag Min said Ukraine exported about 3.711 MMT of grain between July 1-Aug 1, 2019 vs. 2.303 MMT for the same period of last year, including 1.2 MMT of wheat (965,000 MT a year ago), 1.567 MMT of corn (686,000 MT) and 941,000 MT of barley (646,000 MT)

- Ukrainian farmers have harvested 7.6 MMT of barley from 87% area with the average yield of 3.35 mt/ha as of July 31; and 576,000 MT of peas from 96% area with yield of 2.29 mt/ha

SOYBEAN

- August 1- Egypt's GASC cancelled tender to buy 10,000 MT of optional-origin sunoil and 30,000 MT of soyoil for Sept 20-Oct 5 arrival due to high prices. Traders said the following offers were made in the tender:

  • ADM: 12,000 MT of sunflower oil at 792 $/mt c&f;
  • Aston: 11,000 MT of sunflower oil at 795 $/mt c&f and/or 30,000 MT of soyoil at 727.89 $/mt c&f;
  • Hakan: 10,000 MT of sunflower oil at 792.33 $/mt c&f and/or 30,000 MT of soyoil at 714.21 $/mt c&f;
  • Alex Co: 15,000 MT of local soyoil at 11,800 EGP/mt (712 $/mt);
  • Watanya/Cargill: 10,000 MT of local soyoil at 11,750 EGP/mt (709 $/mt);
  • Multi trade co: 4,500 MT of local sunflower oil at 13,650 EGP/mt (824 $/mt)

- July 31 - USDA announced export sales of 104,500 MT of US soybeans for delivery to unknown destinations during 2018/19 (500 MT) and 2019/20 (104,000 MT)

- Weekly US soybeans export sales data for week ended July 25 totaled 448,600 MT, incl. 143,100 MT for 2018/19, within expectations (-50-+250 TMT), and 305,500 MT for 2019/20, within expectations (150-450 TMT). Export commitments for 2018/19 are running 16% behind of year-ago

- Weekly US soymeal export sales data for week ended July 25 of 160,000 MT, incl. 113,500 MT for 2018/19, within expectations (50-250 TMT), and 46,500 MT for 2019/20, below expectations (50-250 TMT). Export commitments for 2018/19 are running 3% behind of year-ago

- US soybean export inspections for week, ending July 25, reported 1,031,477 MT, topped trade expectations (400-800 TMT). Inspections for the 2018/19 marketing year are running 23.2% behind of year-ago

- USDA rated 54% of the US soybean crop in good-to-excellent condition as of July 28, unchanged from prior week as expected, but down compared to 70% a year-ago

- German association of farmers DBV lowered forecast of Germany’s 2019 winter rapeseed harvest to 2.8 MMT from 3.1 MMT previously (3.7 MMT in 2018)

- Ukrainian farmers harvested 3 MMT of winter rapeseed from 97% area as of July 31, yields totalled 2.45 mt/ha

- Surveyor SGS estimated Malaysia's July 1-31 palm oil exports at 1,437,790 MT up 4.8% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's July 1-31 palm oil exports at 1,379,850 MT up 1.6% from a month ago