WHEAT

- Sept 18 - Turkey's TMO seeks 250,000 MT of red milling wheat, 13.5%, (25x10 TMT) for Oct 15-Nov 6 shipment

- Sept 11 - Thai Feed Mill Association (TFMA) in Thailand purchased about 70,000 MT of optional-origin feed wheat from Agrocorp at 220.5 $/mt c&f for December shipment

- Sept 11 - Japan bought 10,650 MT of feed wheat for Feb 27 arrival via SBS-tender. New SBS tender for 120,000 MT of feed wheat and 200,000 MT of feed barley will be held on Sept 18

- Sept 17 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for Dec-Jan shipment

- Sept 10 - Jordan bought 60,000 MT of optional-origin hard milling wheat from Ameropa at 218.5 $/mt c&f for second half of November shipment

- Sept 10 - Turkey's TMO bought 88,000 MT of durum wheat for Sept 23-Nov 10 shipment:

  • 40,000 MT from OBA at 288.40 $/mt c&f Iskenderun;
  • 48,000 MT from Ameropa at 289.40 $/mt c&f Mersin

- Sept 10 - Flour millers in South Korea bought 76,000 MT of US milling wheat from ADM:

  • CJ Cheiljedang bought 50,000 MT for Dec 20, 2019-Jan 20, 2020 shipment:
    • 20,200 MT of soft white wheat (10.5% protein) at 214.55 $/mt fob;
    • 1,500 MT of soft white wheat (8.5% protein) at 223.47 $/mt fob;
    • 11,700 MT of hard red winter wheat (11.5% protein) at 209.92 $/mt fob;
    • 16,600 MT of northern spring wheat (14% protein) at 223.17 $/mt fob.
  • Samyang bought 26,000 MT for Jan 1-31, 2020 shipment:
    • 10,000 MT of soft white wheat (10.5% protein) at 215.02 $/mt fob;
    • 500 MT of soft white wheat (8.5% protein) at 223.47 $/mt fob;
    • 6,000 MT of hard red winter wheat (11.5% protein) at 210.24 $/mt fob;
    • 9,500 MT of northern spring wheat (14% protein) at 223.24 $/mt fob.

- Sept 6 - Saudi Arabia’s SAGO bought 780,000 MT of wheat (12.5% protein) of EU, North and South American (excl. Canadian), Australian and Black Sea origin at an average price of 217.79 $/mt c&f in 13 consignments for Nov-Jan shipment to the ports of Jeddah (545 TMT), Dammam (180 TMT) and Jizan (55 TMT):

  • Jeddah:
    •  60,000 MT of hard wheat from Holbud Limited at 214.00 $/mt c&f (Nov 10-20, 2019);
    •  65,000 MT of hard wheat from Bunge at 215.19 $/mt c&f (Nov 10-20, 2019);
    •  60,000 MT of hard wheat from Holbud Limited at 214.40 $/mt c&f (Nov 20-30, 2019);
    •  60,000 MT of hard wheat from Holbud Limited at 214.69 $/mt c&f (Dec 1-10, 2019);
    •  60,000 MT of hard wheat from Holbud Limited at 214.78 $/mt c&f (Dec 10-20, 2019);
    •  60,000 MT of hard wheat from Glencore at 216.67 $/mt c&f (Dec 10-20, 2019);
    •  60,000 MT of hard wheat from Holbud Limited at 215.89 $/mt c&f (Dec 20-30, 2019);
    •  60,000 MT of hard wheat from Holbud Limited at 216.23 $/mt c&f (Jan 1-10, 2020);
    •  60,000 MT of hard wheat from Louis Dreyfus at 217.44 $/mt c&f (Jan 1-10, 2020).
  •  Dammam:
    •  60,000 MT of hard wheat from Holbud Limited at 223.90 $/mt c&f (Nov 20-30, 2019);
    •  60,000 MT of hard wheat from Holbud Limited at 224.47 $/mt c&f (Dec 10-20, 2019);
    •  60,000 MT of hard wheat from Holbud Limited at 224.89 $/mt c&f (Jan 1-10, 2020).
  •  Jizan:
    •  55,000 MT of hard wheat from Holbud Limited at 219.00 $/mt c&f (Dec 10-20, 2019)

- Sept 6 - South Korean flour mill Samyang Corp. rejected all offers and made no purchase in a tender to buy 26,000 MT of US milling wheat sourced for January shipment, citing on too high prices

- Sept 5 - The association of South Korean flour mills (KOFMIA) purchased about 50,000 MT of US milling wheat from Posco for December shipment

- Sept 5 - Morocco’s ONICL received no offers in a tender to import 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

- A flour miller in Indonesia last week bought 55,000 MT of two varieties of US wheat (white wheat at 255 $/mt c&f and hard red winter wheat at 245 $/mt c&f) for October shipment

- US wheat export inspections for week, ending Sept 5, recorded 402,486 MT, near low end of expectations (400-650 TMT). Inspections for 2019/20 are running 22.7% ahead of year-ago

- USDA estimated the US spring wheat harvest as 71% complete by Sept 8, ahead of expectations (69%), but behind of 5-year mean (87%) and last year pace (92%)

- ABARES cut forecast of 2019/20 Australian wheat crop to 19.102 MMT from 21.191 MMT in June, still up 10.4% from 17.298 MMT in 2018/19

- France's farm ministry raised estimate of the country's 2019 soft wheat crop from 38.175 to 39.448 MMT with yields 7.86 mt/ha, up 15.8% from last year (34.078 MMT and 6.98 mt/ha in 2018) and 11.7% above the five-year average

- French soft wheat exports in July, the first month of 2019/20, rose 8% from the same month last year to 1.4 MMT, incl. 722 TMT outside the EU (up 16%) thereof 495 TMT to Algeria

- Czech Statistics Bureau raised estimate of country’s 2019 wheat production to 4.849 MMT from 4.79 MMT previously (4.418 MMT in 2018)

CORN

- Sept 11 - Thai Feed Mill Association (TFMA) rejected offers and made no purchase in a tender for 60,000 MT of Australian feed barley for Jan-Feb shipment because of high prices. The lowest offers were about 233-234 $/mt c&f

- Sept 10 - USDA announced export sales of 278,200 MT of US corn for delivery to Mexico during 2019/20

- Sept 10 - Turkey's TMO bought 200,000 MT of feed barley (16x12.5 TMT) for Sept 17-Oct 4 shipment:

  • 12,500 MT from Erser at 194.70 $/mt c&f Trabzon;
  • 25,000 MT from Glencore at 192.80 $/mt c&f Derince;
  • 37,500 MT from Hakan at 195.80 $/mt c&f Iskenderun;
  • 50,000 MT from Hakan at 194.70 $/mt c&f Mersin;
  • 25,000 MT from Hakan at 193.90 $/mt c&f Izmir;
  • 12,500 MT from ADM at 191.75 $/mt c&f Bandirma;
  • 12,500 MT from Ameropa at 191.95 $/mt c&f Bandirma;
  • 12,500 MT from Ameropa at 188.45 $/mt c&f Tekirdag;
  • 12,500 MT from Ameropa at 191.45 $/mt c&f Samsun

- Sept 10 - South Korea's Nonghyup Feed Inc. (Nofi) in a private deal purchased 69,000 MT of South American corn from Cargill at 194.54 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Dec 3, 2019-Jan 3, 2020 shipment

- Sept 10 - South Korea's Feed Leaders Committee (FLC) in a private deal purchased 65,000 MT of South American corn from CHS at 197.90 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Dec 31, 2019-Jan 19, 2020 shipment

- Sept 10 - South Korea's Major Feedmill Group (MFG) bought 136,000 MT of South American corn at 194.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Feb 20 arrival (67,000 MT from CJ International and 69,000 MT from Cargill)

- Sept 9 - USDA announced export sales of 651,670 MT of US corn for delivery to Mexico during 2019/20 (590,820 MT) and 2020/21 (60,850 MT)

- US corn export inspections for week, ending Sept 5, reported 590,013 MT, within expectations (400-600 TMT). Inspections for 2019/20 are running 33.7% behind of year-ago

- USDA rated 55% of the US corn crop in good-to-excellent condition as of Sept 8, down 3% points from prior week, behind of expectation of 58% and down compared to 68% a year-ago

- ABARES raised forecast of 2019/20 Australian barley crop to 9.479 MMT from 9.191 MMT in June, up 14.1% from 8.31 MMT in 2018/19

- ABARES forecasts 2019/20 Australian sorghum crop at 0.992 MMT, down 22.4% from 1.278 MMT in 2018/19

- France's farm ministry upped estimate of the country's 2019 barley production from 13.403 to 13.622 MMT, up 21.8% from last year (11.186 MMT in 2018) and 16.4% above five-year average. French winter barley crop is expected at 9.214 MMT (9.138 MMT forecasted in Aug and 8.153 MMT in 2018), while spring crop may rose to 4.408 MMT (4.265 MMT forecasted in Aug and 3.033 MMT in 2018)

- France's farm ministry lowered forecast of the country's 2019 grain maize crop from 13.134 to 12.789 MMT with yields 8.77 mt/ha, up 2.2% from last year (12.52 MMT and 9.16 mt/ha in 2018) but 8.6% below the five-year average

- Czech Statistics Bureau raised estimate of country’s 2019 barley harvest to 1.739 MMT from 1.693 MMT previously (1.606 MMT last year)

SOYBEAN

- Sept 10 - USDA announced export sales of 138,000 MT of US soybeans for delivery to Mexico during 2019/20; and 195,750 MT of US soybean cake and meal for delivery to Mexico during 2019/20 (155,000 MT) and 2020/21 (40,750 MT)

- Sept 10 - Three South Korean buyers purchased a total of about 180,000 MT of optional-origin soymeal in separate private deals:

  • Korea Feed Association (KFA) bought 60,000 MT from Cofco at 354.20 $/mt c&f including a surcharge for additional port unloading for Dec 12-Jan 7 shipment;
  • Major Feedmill Group (MFG) bought 60,000 MT from Cofco at 354.20 $/mt c&f including a surcharge for additional port unloading for Jan 1-31 shipment;
  • Feed Leaders Committee (FLC) bought 60,000 MT from Bunge at 353.99 $/mt c&f including a surcharge for additional port unloading for Jan 1-31 shipment

- Sept 5 - Egypt’s GASC bought 90,000 MT of soybean oil: 60,000 MT at 715 $/mt c&f from Hakan Agro for Oct 10-25 arrival and 30,000 MT at 715 $/mt c&f from ADM for Oct 25-Nov 10 arrival. Also GASC bought 22,000 MT of sunflower oil at 740 $/mt c&f for Oct 25-Nov 10 arrival

- US soybean export inspections for week, ending Sept 5, reported 906,029 MT, within trade expectations (800-1200 TMT). Inspections for the 2019/20 marketing year are running 39.9% behind of year-ago

- USDA rated 55% of the US soybean crop in good-to-excellent condition as of Sept 8, unchanged from prior week and in line with expectations, but down compared to 68% a year-ago

- China imported 9.48 MMT of soybeans in August, up 4% from the year before. For the first eight months of 2019, imports fell to 56.315 MMT, down 9.2% from the same time a year ago

- China's imports of all vegetable oils in August was 907,000 MT up 51.7% on year. China's Jan-Aug vegetable oil imports climbed 50.2% on year to 5.818 MMT

-  China will allow the import of soymeal from Argentina

- China has allowed imports of soybean meal, rapeseed meal, sunflower meal and sugar beet pulp from Russia

- ABARES cut forecast of 2019/20 Australian canola crop to 2.304 MMT from 2.571 MMT in June, still up 5.7% from 2.18 MMT in 2018/19

- Strategie Grains cut its forecast of the EU's 2019/20 rapeseed production to 17.05 MMT from 17.4 MMT previously, down 14.6% from an estimated 19.95 MMT in 2018/19. Strategie Grains increased its forecast for EU rapeseed imports in 2019/20 to a record level of 6.1 MMT, with record flows from Ukraine and Canada

- Strategie Grains upped forecast of the EU's 2019/20 sunflower seed production from 9.63 to 9.78 MMT, up 2.8% from an estimated 9.51 MMT in 2018/19

- France's farm ministry upped its estimate for 2019 French rapeseed output to 3.539 MMT from 3.462 MMT in Aug, down 28.9% from last year (4.979 MMT in 2018) and 31.7% below five-year average

- France's farm ministry lifted forecast of the country's 2019 sunflower seed crop from 1.327 to 1.333 MMT with yields 2.21 mt/ha, up 6.3% from last year (1.254 MMT and 2.27 mt/ha in 2018) but 2.1% below the five-year average             

- Czech Statistics Bureau lowered estimate of country’s 2019 rapeseed harvest to 1.161 MMT from 1.194 MMT previously, down from 1.411 MMT last year

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Sept 1-10 palm oil exports at 393,129 MT up 23.2% from a month ago

- Surveyor SGS estimated Malaysia's Sept 1-10 palm oil exports at 337,570 MT up 29% from a month ago

- MPOB estimated Malaysian crude palm oil production in July at 1.822 MMT, above the average expectation of 1.77 MMT and up 4.6% from 1.741 MMT in July. Malaysia's palm oil stocks at end-Aug fell 5.3% from the previous month to a 13-month low of 2.252 MMT, but above the average market expectation of 2.222 MMT. Malaysian Aug palm oil exports rose by 16.4% to 1.733 MMT, exceeding the average expectation of 1.7 MMT

- India has raised the tax on refined palm oil from Malaysia to 50% from 45% for six months until March 2, 2020