WHEAT

- Oct 28 - Syria's Hoboob seeks to exchange 100,000 MT of Syrian durum wheat for 100,000 MT of soft wheat for bread making. Hoboob originally issued a tender with a Sept 17 deadline for offers, but no agreement was reached and the process was called off

- Sept 25 - Egypt's GASC bought 300,000 MT of wheat from Russia (240,000 MT) and France (60,000 MT) for October 26-November 5 delivery:

  • 60,000 MT of Russian wheat from GrainExport at 212.87 $/mt c&f (197.75 fob+15.12 freight);
  • 60,000 MT of Russian wheat from Agro AST at 213.25 $/mt c&f (196.45 fob+16.8 freight);
  • 60,000 MT of Russian wheat from Posco International at 214.30 $/mt c&f (197.50 fob+16.8 freight);
  • 60,000 MT of Russian wheat from Posco International at 214.55 $/mt c&f (197.75 fob+16.8 freight);
  • 60,000 MT of French wheat from Glencore at 214.95 $/mt c&f (193.75 fob+21.2 freight)

- Weekly US wheat export sales data for week ended Sept 19 totaled 283,200 MT for 2019/20, within market expectations (200-500 TMT). Export commitments for 2019/20 are running 15% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 13.043 MMT of grain between July 1-Sept 27, 2019 vs. 8.7 MMT for the same period of last year, including 8.232 MMT of wheat (5.217 MMT a year ago), 1.945 MMT of corn (1.5 MMT) and 2.832 MMT of barley (1.938 MMT) 

- Ukrainian farms have sown as of Sept 27 a total of 3.1 million hectares of winter grains for the 2019 harvest, or 41% of the expected area of 7.3 million, incl. 2.9 million hectares of winter wheat and 159,000 hectares of winter barley

- China imported 93,811 MT of wheat in August, down 21.1% from the year before. January-August imports fell 6.7% to 1.92 MMT

- South Africa's Crop Estimates Committee (CEC) lowered its wheat production estimate for 2019 to 1.806 MMT from 1.916 MMT previously, down 3.3% from the previous season’s crop of 1.868 MMT

- SAGIS estimated S. Africa's August wheat imports at 97,824 MT vs. 87,247 MT in July. Oct-Aug 2018/19 imports fell 42.7% on year to 1.037 MMT (1.973 MMT in Oct-Aug 2017/18)

- FranceAgriMer estimated winter wheat planting 1% done as of Sept 23, ahead of last year’s pace of 0%

- International Grains Council (IGC) lowered its forecast for global wheat production in 2019/20 by 600,000 MT to 763.5 MMT (733.4 MMT in 2018/19), reflecting diminished crop outlooks in Australia and Kazakhstan partly compensated by bigger crops in the EU and India. Forecast of ending stocks was upped by 1 MMT to 271.6 MMT (265.5 MMT in 2018/19)

CORN

- Sept 27 - Saudi Arabia’s SAGO seeks 1.02 MMT of feed barley in 17 consignments for December-January shipment

- Sept 26 - China sold 105,288 MT of corn from state reserves, or 3% of the offered amount (3.492 MMT), at average price of 1,706 RMB/mt. So, so far a total of 21.721 MMT of the country’s auctioned off from May 23, from a total of 73.57 MMT offered, all coming from the 2014 and 2015 harvests

- Weekly US corn export sales data for week ended Sept 19 totaled 494,000 MT for 2019/20 below expectations (600-1100 TMT). Export commitments for 2019/20 are running 50% behind of year-ago

- China's corn imports in August came to 232,438 MT, down 28.8% from the same month of 2018. January-August imports rose 30.1% to 3.728 MMT

- China imported around 360,000 MT of barley in August, down 35.3% from the year before. China's Jan-Aug barley imports totals 3.75 MMT, down 32.4% from year-ago

- China's pork imports surged by 76% in August from the same month last year to 162,935 MT. For the first eight months of 2019, imports surge to 1.164 MMT, up 40.4% from the same time a year ago

- South Africa's Crop Estimates Committee (CEC) lifted its forecast of corn output this year to 11.081 MMT from 11.017 MMT last month (12.51 MMT in 2018), above the average market expectations of 11.035 MMT

- SAGIS estimated South Africa's corn stocks as of August 31 were at 8.209 MMT vs. 9.536 MMT a year ago

- SAGIS estimated S. Africa’s August corn imports at 70,290 MT; May-Aug 2019 imports totals 201,689 MT (zero in May-Aug 2018)

- SAGIS estimated S. Africa's August corn exports at 119,242 MT; May-Aug 2019 exports totals 438,241 MT down 65.8% on year (1.282 MMT in May-Aug 2018)

- French farmers harvested only 3% of corn as of Sept 23 vs. 1% a week ago and 21% a year ago

- FranceAgriMer estimated winter barley planting 2% done as of Sept 23, ahead of last year’s pace of 0%

- IGC lowered its forecast of the global corn crop in 2019/20 by 1.2 MMT to 1.099 billion tones (1.13 BMT in 2018/19). IGC upped its forecast for 2019/20 global corn carryover by 1.3 MMT to 285.6 MMT, sharply down vs. 325.9 MMT in 2018/19

- Ukrainian farmers have harvested 5.9 MMT of corn from 20% area with the average yield of 6.01 mt/ha as of Sept 27

SOYBEAN

- Expected that China will buy about 6 MMT of soybeans from the United States before trade talks in early October

- Sept 27 - USDA announced export sales of 126,000 MT of US soybeans for delivery to China during 2019/20

- Sept 26 - USDA announced export sales of 257,000 MT of US soybeans for delivery to China during 2019/20

- Sept 25 - USDA announced export sales of 581,000 MT of US soybeans for delivery to China during 2019/20

- Weekly US soybeans export sales data for week ended Sept 19 totaled 1,038,000 MT for 2019/20, within expectations (800-1300 TMT). Export commitments for 2019/20 are running 35% behind of year-ago

- Weekly US soymeal export sales data for week ended Sept 19 of 164,300 MT, incl. 43,500 MT for 2018/19, within expectations (0-150 TMT), and 120,800 MT for 2019/20, below expectations (200-400 TMT). Export commitments for 2018/19 are running 4% behind of year-ago

- IGC cut its forecast of the soybean production in 2019/20 by 1.3 MMT to 342.4 MMT (363.1 MMT in 2018/19), mostly reflecting downward revise this month for the US. IGC cut its forecast for 2019/20 global soybean carryover by 2.8 MMT to 37.9 MMT (54.2 MMT in 2018/19)

- China’s August 2019 palm oil imports up 79.6% on year to 745,958 MT. January-August imports rose 43.9% to 4.616 MMT

- China's August 2019 soy oil imports rose 51.3% from year-ago levels to 123,414 MT. January-August imports rose 75.6% to 515,237 MT

- India's edible oil imports could rise to a record high of 15.6 MMT in 2019/20 (Nov-Oct), up 3.8% from a year earlier. India's sunflower oil imports in the new marketing year could rise to 2.5 MMT from 2.4 MMT estimated in the current year, soybean oil imports may rise to 3.4 MMT (3.1 MMT in 2018/19) and palm oil imports to 9.7 MMT (9.5 MMT in 2018/19)

- Ukrainian farmers have harvested 9.9 MMT of sunflowerseed from 73% area with the average yield of 2.31 mt/ha as of Sept 27

- Ukrainian farmers have harvested 2.1 MMT of soybean from 57% area with the average yield of 2.37 mt/ha as of Sept 27

- Ukrainian farmers have planted 998,000 hectares of winter rapeseed (93% of plan) as of Sept 27