WHEAT

- Oct 24 - Taiwan Flour Millers' Association seeks 88,900 MT of US milling wheat in two consignments: 40,000 MT for Dec 5-19 and 48,900 MT for Dec 21-Jan 4 shipments

- Oct 23 - Tunisia's state grains agency bought 75,000 MT (3x25 TMT) of optional-origin milling wheat for Nov 20-Dec 15 shipment: two consignments from Viking at 229.75 $/mt c&f and 225.92 $/mt c&f and one from Casillo at 229.98 $/mt c&f

- Oct 23 - Turkey's TMO bought 127,500 MT of EU durum wheat for Nov 29-Dec 17 shipment:

  • 30,000 MT from Glencore at 342.75 $/mt c&f Derince;
  • 7,500 MT from Ameropa at 343.19 $/mt c&f Derince;
  • 7,500 MT from VAIT at 2,022 Turkish lira/mt (353 $/mt) c&f Derince;
  • 30,000 MT from Glencore at 339 $/mt c&f Iskenderun;
  • 7,500 MT from Ameropa at 343.51 $/mt c&f Iskenderun;
  • 30,000 MT from Glencore at 343 $/mt c&f Mersin;
  • 15,000 MT from Ameropa at 343.49 $/mt c&f Mersin

- Oct 22 - Turkey's TMO bought 190,000 MT of EU red milling wheat for Nov 29-Dec 17 shipment:

  • 40,000 MT from Hakan at 228.1 $/mt c&f Derince;
  • 30,000 MT from Hakan at 230.7 $/mt c&f Iskenderun;
  • 30,000 MT from Hakan at 230.8 $/mt c&f Mersin;
  • 30,000 MT from ADM at 234 $/mt c&f Izmir;
  • 30,000 MT from Hakan at 233.86 $/mt c&f Bandirma;
  • 30,000 MT from Ulusoy at 229.4 $/mt c&f Tekirdag

- Oct 22 - Algeria's OAIC bought about 600,000 MT of optional-origin milling wheat at around 227-229 $/mt c&f (90 TMT from Glencore, 90 TMT from Cargill, 60 TMT from Cofco, 150 TMT from Soufflet, 150 TMT from Lecureur and 60 TMT from CAM) for December shipment

- Ethiopia has postponed the deadline for offer submissions in an international tender to buy about 400,000 MT of milling wheat to Nov 5 from Oct 23 previously

- Oct 22 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat and re-tender on Oct 29

- Oct 18 - Saudi Arabia’s SAGO bought 605,000 MT of wheat (12.5% protein) of EU, North and South American (excl. Canadian), Australian and Black Sea origin at an average price of 242.51 $/mt c&f in 10 consignments for Nov-Jan shipment to the ports of Jeddah (370 TMT), Dammam (180 TMT) and Jizan (55 TMT):

  • Jeddah:
    • 60,000 MT of hard wheat from Holbud at 239.00 $/mt c&f (Feb 1-10);
    • 60,000 MT of hard wheat from Holbud at 239.48 $/mt c&f (Feb 10-20);
    • 65,000 MT of hard wheat from Cofco at 239.87 $/mt c&f (Feb 20-29);
    • 60,000 MT of hard wheat from Casillo at 239.49 $/mt c&f (Mar 1-10);
    • 65,000 MT of hard wheat from Cofco at 240.89 $/mt c&f (Mar 10-20);
    • 60,000 MT of hard wheat from Casillo at 240.58 $/mt c&f (Mar 20-30).
  • Dammam:
    • 60,000 MT of hard wheat from Glencore at 248.44 $/mt c&f (Feb 1-10);
    • 60,000 MT of hard wheat from Soufflet at 249.82 $/mt c&f (Feb 20-29);
    • 60,000 MT of hard wheat from Casillo at 244.89 $/mt c&f (Mar 10-20).
  • Jizan:
    • 55,000 MT of hard wheat from Holbud at 243.00 $/mt c&f (Mar 20-30)

- Iran plans to import 3 MMT of wheat this Iranian calendar year

- India raised the price at which it buys new-season wheat from local farmers by 4.6% to 1,925 rupees/100 kg (1,840 rupees in 2019)

- US wheat export inspections for week, ending Oct 17, recorded 565,099 MT, within expectations (400-600 TMT). Inspections for 2019/20 are running 22.4% ahead of year-ago

- USDA estimated the US spring wheat harvest as 96% complete by Oct 20, behind of expectations (97%), also below 5-year mean (100%) and last year pace (100%)      

- USDA said the US winter wheat plantings at 77% complete as of Oct 20, in line with expectations, but above 5-year mean (75%) and the last-year score (71%)

- Ukrainian grain stocks were at 22.762 MMT as of October 1, up 3.2% from a year earlier, incl. 12.149 MMT of wheat (12.276 MMT a year ago), 2.774 MMT of barley (2.483 MMT a year ago) and 5.678 MMT of corn (5.823 MMT a year ago). The data does not include grain stored at small farms

CORN

- US corn export inspections for week, ending Oct 17, reported 531,744 MT, within expectations (450-650 TMT). Inspections for 2019/20 are running 61.8% behind of year-ago

- USDA rated 56% of the US corn crop in good-to-excellent condition as of Oct 20, up 1% point from prior week, above expectations (54%), but down compared to 68% a year-ago. USDA estimated 30% of the US corn crop was harvested, behind of expectations (34%), below last year’s pace (48%) and the 5-year mean (47%)

SOYBEAN

- Nov 11 - South Korea’s Agro-Fisheries & Food Trade Corp seeks a total 150,000 MT of non-GM soybeans for arrival between March 2021 and May 2023

- Oct 23 - Egypt’s GASC bought 50,000 MT of local soybean oil at 11,075 EGP/mt (684 $/mt) from Alexseeds (37.5 TMT) and United Uccma (12.5 TMT). Also GASC bought 27,500 MT of sunflower oil: from Alexseeds (5 TMT) at 11,220 EGP/mt (693 $/mt), Aston (11.5 TMT) at 698 $/mt c&f and ADM (11 TMT) at 698 $/mt c&f for Dec 5-20 arrival

- Oct 23 - USDA announced export sales of 128,000 MT of US soybeans for delivery to unknown destinations during 2019/20

- China offered major Chinese and international soybean processors waivers that would exempt the companies from steep tariffs on imports of up to 10 MMT of US soybeans

- US soybean export inspections for week, ending Oct 17, reported 1,296,352 MT, within trade expectations (900-1400 TMT). Inspections for the 2019/20 marketing year are running 7.2% ahead of year-ago

- USDA rated 54% of the US soybean crop in good-to-excellent condition as of Oct 20, unchanged from prior week, above expectations (53%), but down compared to 66% a year-ago. USDA estimated 46% of the US soybean crop was harvested, ahead of expectations (42%), but below last year’s pace (51%) and the 5-year mean (64%)

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Oct 1-20 palm oil exports at 922,977 MT up 0.6% from a month ago

- SGS estimated Malaysia's Oct 1-20 palm oil exports at 903,645 MT down 4.4% from a month ago

- Ukrainian sunflower stocks were at 7.792 MMT as of October 1, up 15.7% from a year earlier (6.736 MMT). The data does not include grain stored at small farms