WHEAT

- Aug 8 - Japan seeks 114,783 MT of food wheat for October shipments:

  • 11,140 MT of western white US wheat;
  • 15,845 MT of hard red winter US wheat;
  • 27,640 MT of dark northern spring US wheat;
  • 34,945 MT of Canadian western red spring wheat;
  • 25,213 MT of Australian standard white wheat

- Aug 7 - Bahrain seeks 25,000 MT of optional origin wheat (10,000 MT of hard wheat and 15,000 MT of semi-hard wheat) for Sept 15-30 shipment

- Aug 6 - Egypt's GASC bought 415,000 MT of wheat from Ukraine (115 TMT), Romania (60 TMT) and Russia (240 TMT) for September 5-15 delivery:

  • 60,000 MT of Ukrainian wheat from LDC at 217.27 $/mt c&f (200.17 fob+17.1 freight);
  • 60,000 MT of Russian wheat from Hakan at 217.37 $/mt c&f (203.9 fob+13.47 freight);
  • 55,000 MT of Ukrainian wheat from Hakan at 219.35 $/mt c&f (198.45 fob+20.9 freight);
  • 60,000 MT of Romanian wheat from ADM at 219.42 $/mt c&f (204.23 fob+15.19 freight);
  • 60,000 MT of Russian wheat from Solaris at 220.05 $/mt c&f (203.9 fob+16.15 freight);
  • 60,000 MT of Russian wheat from Posco at 220.05 $/mt c&f (203.9 fob+16.15 freight);
  • 60,000 MT of Russian wheat from Garant Logistics at 220.05 $/mt c&f (203.9 fob+16.15 freight)

- Aug 2 - South Korean flour mills bought 85,250 MT of milling wheat from the US for October shipment and 31,700 MT from Canada (CWRS #2 at around 223 $/mt fob) for October shipment

- Saudi Arabia and the UAE provided a combined 540,000 MT of wheat to Sudan to support the country’s people. The amount will cover basic food needs for three months

- US wheat export inspections for week, ending Aug 1, recorded 395,136 MT, within expectations (350-500 TMT). Inspections for 2019/20 are running 24.8% ahead of year-ago

- USDA said the US winter wheat harvest was 82% complete as of Aug 4, behind of expectations (84%), also below the last year’s 89% and the five-year average of 92%. USDA rated 73% of the US spring wheat crop in good-to-excellent condition as of Aug 4, unchanged from prior week and ahead of expectations (72%), but slightly down compared to 74% a year-ago. The spring wheat harvest was 2% complete by Aug 4, behind of 5-year mean (14%) and last year pace (12%)

- IKAR lowered its 2019 Russian wheat crop outlook to 75.5 MMT from 76.4 MMT previously

- Ukrainian farmers have threshed 26.6 MMT of wheat from 95% area with the average yield of 4.12 mt/ha as of Aug 7

- France's farm ministry raised estimate of the country's 2019 soft wheat crop from 36.958 to 38.175 MMT with yields 7.61 mt/ha, up 12% from last year (34.078 MMT and 6.98 mt/ha in 2018) and 8.1% above the five-year average

- FranceAgriMer estimated 75% of French soft wheat crops were in good/excellent condition by July 29 (71% a year ago). Harvesting of soft wheat was under way, with 87% of the crop cut by July 29 (63% a week-ago), below the 99% harvest progress a year ago

- Morocco expects a 2019 cereals harvest of 5.2 MMT, down 49% from a year earlier, due to a lack of rainfall. This year's harvest includes 2.68 MMT of soft wheat, 1.34 MMT of durum wheat and 1.16 MMT of barley

CORN

- Aug 6 - Algerian ONAB bought 40,000 MT of corn, likely from Argentina, at around 196-196.75 $/mt c&f for Aug 20-Sep 5 shipment

- Aug 6 - South Korea's KOCOPIA rejected all offers in tender to buy 55,000 MT of corn for Nov 10 arrival, citing on too high prices. The lowest offer was around 215 $/mt c&f

- Aug 2 - South Korea's Nonghyup Feed Inc. (NOFI) bought 69,000 MT of corn from the US or South America from Glencore at 207.5 $/mt c&f + 1.0 $/mt surcharge for additional port unloading for Jan 1, 2020 arrival

- Aug 1 - China sold 760,063 MT of corn from state reserves, or 19.2% of the offered amount (3.957 MMT), at average price of 1,674 RMB/mt. So, so far a total of 18.937 MMT of the country’s auctioned off from May 23, from a total of 43.701 MMT offered, all coming from the 2014 and 2015 harvests

- US corn export inspections for week, ending Aug 1, reported 631,289 MT, within expectations (600-750 TMT). Inspections for 2018/19 are running 14.9% behind of year-ago

- USDA rated 57% of the US corn crop in good-to-excellent condition as of Aug 4, down 1% point from prior week, as expected, and down compared to 71% a year-ago

- Ukraine's Ag Min said Ukraine exported about 4.189 MMT of grain between July 1-Aug 6, 2019 vs. 2.606 MMT for the same period of last year, including 1.575 MMT of wheat (1.128 MMT a year ago), 1.587 MMT of corn (750,000 MT) and 1.023 MMT of barley (722,000 MT)

- Ukrainian farmers have harvested 8.4 MMT of barley from 95% area with the average yield of 3.4 mt/ha as of Aug 7; and 586,000 MT of peas from 99% area with yield of 2.28 mt/ha

- France's farm ministry upped estimate of the country's 2019 barley production from 12.561 to 13.403 MMT, up 19.8% from last year (11.186 MMT in 2018) and 14.5% above five-year average. French winter barley crop is expected at 9.138 MMT (8.702 MMT forecasted in July and 8.153 MMT in 2018), while spring crop may rose to 4.265 MMT (3.858 MMT forecasted in July and 3.033 MMT in 2018)

- France's farm ministry forecasts the country's 2019 grain maize crop at 13.134 MMT with yields 8.93 mt/ha, up 4.9% from last year (12.52 MMT and 9.16 mt/ha in 2018) but 6.2% below the five-year average

- FranceAgriMer estimated 61% of corn crops were in good/excellent condition by July 29, down 6% points from prior week and vs. 66% a year ago

- FranceAgriMer estimated 72% of French spring barley crops in good/excellent condition by July 29, unchanged from prior week and vs. 73% a year ago. Harvesting of spring barley was under way, with 92% of the crop cut by July 29 (67% a week-ago), below the 98% harvest progress a year ago

- Brazil’s Trade Ministry reported July corn exports at 6.317 MMT, up from 1.369 MT in June and up vs. 1.17 MMT in the year-ago month

- FCStone raised its estimate Brazilian all-corn crop to a record 100.5 MMT from 99.7 MMT previously

- FCStone projected US 2019 corn production at 13.992 billion bushels based on a yield of 167.4 bpa

- Informa Economics projected US 2019 corn production at 13.857 billion bushels based on a yield of 167.8 bpa

SOYBEAN

- Aug 7 - USDA announced export sales of 165,000 MT of US soybeans for delivery to unknown destinations during 2019/20

- US soybean export inspections for week, ending Aug 1, reported 1,029,010 MT, near the high end of trade expectations (600-1100 TMT). Inspections for the 2018/19 marketing year are running 22.5% behind of year-ago

- USDA rated 54% of the US soybean crop in good-to-excellent condition as of Aug 4, unchanged from prior week, above expectations of 53%, but down compared to 67% a year-ago

- FCStone projected US 2019 soybean production at 3.743 billion bushels based on a yield of 47.2 bpa

- Informa Economics projected US 2019 soybean production at 3.823 billion bushels based on a yield of 48.2 bpa

- USDA estimated US June 2019 soybean crush for crude oil at 4.729 million short tons, a 4.7% decrease from May and below the last year level (5.087 mln tons in June 2018). Crude soyoil stocks fell to 1.555 billion lbs as of June 30 from 1.663 billion lbs as of May 31, below the 1.933 bln lbs a year ago, while refined oil stocks were at 419.147 million lbs as of June 30 vs. 356.085 in May and 371.656 in June 2018. June US soy cake and meal stocks were at 376,025 tons vs. 276,276 in May and vs. 359,823 tons a year-ago

- Brazil’s Trade Ministry reported July soybean exports at 7.821 MMT, down from 9.067 MMT in June and down vs. 10.198 MMT a year ago. Also Brazil exported 1.497 MMT of soymeal in July versus 1.527 MMT the month before and 1.73 MMT a year ago; and 124,501 MT of soyoil compared to 140,231 MT in June and 210,904 MT a year ago

- Ukrainian farmers harvested 3.1 MMT of winter rapeseed from 99% area as of Aug 7, yields totalled 2.46 mt/ha

- France's farm ministry lowered its forecast for 2019 French rapeseed output to 3.462 MMT from 3.64 MMT in July, down 30.5% from last year (4.979 MMT in 2018) and 33.1% below five-year average

- France's farm ministry forecasts the country's 2019 sunflower seed crop at 1.327 MMT with yields 2.2 mt/ha, up 5.8% from last year (1.254 MMT and 2.27 mt/ha in 2018) but 2.5% below the five-year average

- Indian Apr-July 2019 soybean meal exports are estimated at 182,631 MT vs. 312,126 MT during the same period of last season

- Indian Apr-July 2019 rapeseed meal exports are estimated at 358,426 MT vs. 401,996 MT during the same period of last season

- GAPKI expects Indonesian palm oil exports to fall to around 32 MMT this year from 34.7 MMT in 2018