WHEAT

- Aug 14 - Taiwan Flour Millers' Association seeks 94,950 MT of US milling wheat in two consignments: 46,900 MT for Oct 3-17 and 48,050 MT for Oct 18-Nov 1 shipments

- Weekly US wheat export sales data for week ended Aug 1 totaled 487,700 MT for 2019/20, within market expectations (250-500 TMT). Export commitments for 2019/20 are running 24% ahead of year-ago

- Saudi Arabia's SAGO will relax its bug-damage parameters in hard wheat specifications from 0% to 0.5% from its next tender. So all Black Sea origin wheat and other global origins can be offered in its next wheat tender if crops meet specification requirements

- Russian farmers as of Aug 12 have harvested 51.1 MMT of wheat from 14.2 million ha (50.6% of planted area) with the average yield of 3.6 mt/ha (3.55 mt/ha a year ago)

- SovEcon cut Russia's 2019 total grain production forecast to 116.8 MMT from 117.2 MMT previously, but raised wheat crop forecast by 0.7 MMT to 74.4 MMT

- IKAR lowered its 2019 Russian wheat crop outlook to 75 MMT from 75.5 MMT previously

- Ukrainian farmers have threshed 27.6 MMT of wheat from 97% area as of Aug 12

- Conab lowered its estimate for 2019 wheat production to 5.424 MMT from 5.489 MMT previously (5.428 MMT in 2018). They kept its forecast of 2019 wheat imports at 7.2 MMT (6.753 MMT in 2018)

- FranceAgriMer estimated 75% of French soft wheat crops were in good/excellent condition by Aug 5 (71% a year ago). Harvesting of soft wheat was under way, with 98% of the crop cut by Aug 5 (87% a week-ago), below the 100% harvest progress a year ago

- UK exported 48,137 MT of wheat in June, up from 30,760 MT in May. Cumulative exports for the season, which started on July 1, 2018, totalled 358,344 MT vs. 448,353 MT during prior season

- UK imported 170,575 MT of wheat in June, up from 107,956 MT in May. Britain’s 2018/19 wheat imports totalled 1.858 MMT vs. 1.793 MMT a year ago. Canada was the largest supplier (348,074 MT), then Bulgaria (312,000 MT) and France (292,398)

CORN

- Aug 9 - South Korea's KOCOPIA in a private deal bought 60,000 MT of corn, likely from the US or South America, from CJ International at 216.5 $/mt c&f including a surcharge for additional port unloading for Nov 10 arrival

- Aug 8 - China sold 615,310 MT of corn from state reserves, or 15.5% of the offered amount (3.976 MMT), at average price of 1,684 RMB/mt. So, so far a total of 19.552 MMT of the country’s auctioned off from May 23, from a total of 47.677 MMT offered, all coming from the 2014 and 2015 harvests

- Weekly US corn export sales data for week ended Aug 1 totaled 239,600 MT, incl. 42,600 MT for 2018/19, below expectations (100-300 TMT), and 197,000 MT for 2019/20, within expectations (100-400 TMT). Export commitments for 2018/19 are running 17% behind of year-ago

- Conab raised its forecast of Brazil's 2018/19 corn crop to 99.312 MMT from 98.504 MMT in July (80.71 MMT last season) with second crop at 73.075 MMT (53.899 MMT in 2017/18). Conab upped forecast of corn exports by 1 MMT to 34.5 MMT (23.82 MMT in 2017/18). Ending stocks are forecasted to rise to 17.002 MMT from 15.605 MT in 2017/18

- China's Ag Min raised its estimate for 2018/19 corn imports to 4 MMT, an increase of 700,000 MT from the previous month, mainly due to a significant reduction in US sorghum imports

- Russian farmers as of Aug 12 have harvested 9.2 MMT of barley from 2.9 million ha (33.5% of planted area) with the average yield of 3.13 mt/ha (2.73 mt/ha a year ago)

- Ukrainian farmers have harvested 8.7 MMT of barley from 97% area as of Aug 12; and 588,000 MT of peas from 100% area

- FranceAgriMer estimated 60% of corn crops were in good/excellent condition by Aug 5, down 1% point from prior week and vs. 62% a year ago

- UK exported 48,441 MT of barley in June, down from 50,957 MT in May. Cumulative exports for the season, which started on July 1, 2018, totalled 862,958 MT vs. 1.101 MMT during the same period prior season

- UK imported 184,988 MT of corn in June, down from 279,355 MT in May. Britain’s Jul-Jun 2018/19 corn imports totalled 2.822 MMT vs. 2.024 MMT a year ago. Ukraine was the main supplier (926,389 MT), followed by Canada (477,142)

SOYBEAN

- Aug 8 - USDA announced export sales of 135,000 MT of US soybean meal for delivery to the Philippines during 2019/20

- Weekly US soybeans export sales data for week ended Aug 1 totaled 420,000 MT, incl. 101,700 MT for 2018/19, within expectations (0-300 TMT), and 318,300 MT for 2019/20, within expectations (100-400 TMT). Export commitments for 2018/19 are running 17% behind of year-ago

- Weekly US soymeal export sales data for week ended Aug 1 of 110,800 MT, incl. 92,200 MT for 2018/19, within expectations (50-200 TMT), and 18,600 MT for 2019/20, below expectations (25-125 TMT). Export commitments for 2018/19 are running 3% behind of year-ago

- Conab lifted forecast of Brazil's 2018/19 soy output by 54 TMT to 115.073 MMT, still below the record previous crop of 119.282 MMT. Conab raised its forecast of Brazil soybean exports by 2 MMT to 70 MMT (83.258 MMT in 2017/18). Ending stocks 2018/19 are forecasted virtually unchanged from last year at 1.413 MMT (1.391 MMT in 2017/18)

- Abiove raised its forecast of Brazil's 2019 soybean exports by 4 MMT to 72 MMT

- China's Ag Min lowered its estimate for 2018/19 soybean imports by 1.5 MMT to 83.5 MMT

- China imported 8.64 MMT of soybeans in July, up 8% from the year before. For the first seven months of 2019, imports fell to 46.905 MMT, down 11.2% from the same time a year ago

- China's imports of all vegetable oils in June was 917,000 MT up 81.2% on year. China's Jan-Jul vegetable oil imports climbed 49.9% on year to 4.911 MMT

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Aug 1-10 palm oil exports at 511,756 MT up 39% from a month ago