WHEAT

- Sept 5 - Morocco’s ONICL tenders to buy 576,000 MT of US soft wheat and 345,455 MT of US durum wheat under a preferential-tariff quota for arrival by Dec 31

- Aug 15 - Egypt's GASC bought 295,000 MT of wheat from Ukraine (120 TMT) and Russia (175 TMT) for September 15-30 delivery:

  • 60,000 MT of Russian wheat from Solaris at 217.19 $/mt c&f (202.48 fob+14.71 freight);
  • 60,000 MT of Russian wheat from Hakan at 217.19 $/mt c&f (202.48 fob+14.71 freight);
  • 60,000 MT of Ukrainian wheat from LDC at 218.00 $/mt c&f (199.75 fob+18.25 freight);
  • 60,000 MT of Ukrainian wheat from Hakan at 218.00 $/mt c&f (199.75 fob+18.25 freight);
  • 55,000 MT of Russian wheat from ADM at 218.90 $/mt c&f (200.90 fob+18.00 freight)

- US wheat export inspections for week, ending Aug 15, recorded 488,905 MT, within expectations (400-600 TMT). Inspections for 2019/20 are running 25.1% ahead of year-ago

- Weekly US wheat export sales data for week ended Aug 8 totaled 474,500 MT, incl. 462,200 MT for 2019/20, within market expectations (200-500 TMT). Export commitments for 2019/20 are running 18% ahead of year-ago

- Russian farmers as of Aug 19 have harvested 54.8 MMT of wheat from 15.6 million ha (55.5% of planted area) with the average yield of 3.52 mt/ha (3.43 mt/ha a year ago)

- Ukrainian farmers have threshed 28.2 MMT of wheat from 99% area as of Aug 16

- Ukrainian grain stocks were at 21.821 MMT as of August 1, up 14.5% from a year earlier, incl. 15.96 MMT of wheat (13.105 MMT a year ago), 3.417 MMT of barley (2.506 MMT a year ago) and 1.629 MMT of corn (2.523 MMT a year ago). The data does not include grain stored at small farms

- Strategie Grains raised its forecast of EU 2019 soft wheat crop to 142.9 MMT from 140.6 MMT previously, up 12% versus last year (127.1 MMT in 2018). They upped forecast of 2019/20 EU soft wheat exports by 2.9 MMT to 24.8 MMT (21 MMT in 2018/19)

- Romanian wheat from this year's harvest is cannot compete in Algeria's import tenders due to a strict, 0.1% limit on bug damage

- French farmers finished harvesting this year's soft wheat crop in the week to Aug 12

- France exported 9.7 MMT of soft wheat outside the EU in the 2018/19 marketing year that ended on June 30 (5.1 MMT to Algeria), 20% more than the previous year (8.1 MMT in 2017/18). Soft wheat shipments to other EU countries totalled 7.4 MMT, 20% below the previous season's volume of 9.2 MMT. So total French soft wheat exports were little changed at 17.0 MMT against 17.2 MMT in 2017/18

CORN

- Aug 16 - South Korea's Korea Feed Association (KFA) bought around 63,000 MT of South American corn from CJ International at 202.47 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for January 15, 2020 arrival

- Aug 15 - China sold 518,385 MT of corn from state reserves, or 13.1% of the offered amount (3.96 MMT), at average price of 1,684 RMB/mt. So, so far a total of 20.07 MMT of the country’s auctioned off from May 23, from a total of 51.637 MMT offered, all coming from the 2014 and 2015 harvests

- US corn export inspections for week, ending Aug 15, reported 510,334 MT, below expectations (600-800 TMT). Inspections for 2018/19 are running 16.3% behind of year-ago

- Weekly US corn export sales data for week ended Aug 8 totaled 363,700 MT, incl. 56,100 MT for 2018/19, below expectations (100-300 TMT), and 307,600 MT for 2019/20, within expectations (100-400 TMT). Export commitments for 2018/19 are running 17% behind of year-ago

- Strategie Grains raised its forecast of EU 2019 barley crop to 60.5 MMT from 59.3 MMT previously, 9% above the 2018/19 crop (55.7 MMT)

- Strategie Grains lifted its forecast of EU 2019 corn crop to 63.2 MMT from 62.7 MMT previously, a 2% increase on 2018/19 (61.7 MMT)

- FranceAgriMer estimated 60% of corn crops were in good/excellent condition by Aug 12, unchanged from prior week and vs. 61% a year ago

- Russian farmers as of Aug 19 have harvested 12 MMT of barley from 4.1 million ha (46.6% of planted area) with the average yield of 2.92 mt/ha (2.54 mt/ha a year ago)

- Ukrainian farmers have harvested 9.0 MMT of barley from 99% area as of Aug 16

SOYBEAN

- Aug 16 - USDA announced export sales of 296,500 MT of US soybeans for delivery to unknown destinations during 2019/20

- US soybean export inspections for week, ending Aug 15, reported 1,158,217 MT, topped trade expectations (600-1100 TMT). Inspections for the 2018/19 marketing year are running 20.4% behind of year-ago

- Weekly US soybeans export sales data for week ended Aug 8 totaled 707,500 MT, incl. net cancellation of 109,900 MT for 2018/19, below expectations (50-300 TMT), and 817,400 MT for 2019/20, above 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 8 of 274,300 MT, incl. 130,100 MT for 2018/19, within expectations (75-200 TMT), and 144,200 MT for 2019/20, within expectations (100-200 TMT). Export commitments for 2018/19 are running 4% behind of year-ago

- NOPA said its members crushed a bigger-than-expected 168.093 million bushels of soybeans during July (155.826 million bu – average expectations, 149.535-170.6 – range), the highest-ever for the month and the largest monthly crush since March. NOPA processors crashed 148.843 mln bu in June and 167.733 mln bu a year ago. Soyoil stocks fell to a 20-month low of 1.467 billion lbs as of July 31 from 1.535 a month earlier, below the last year’s level of 1.764 billion lbs and average expectations of 1.53 billion lbs. Soymeal exports rose to a six-month high of 879,319 tons from 554,867 tons in June and vs. 737,465 tons a year-ago

- Ukrainian sunflower stocks were at 763,500 MT as of August 1, up 12.6% from a year earlier (678,300 MT). The data does not include grain stored at small farms