WHEAT

- Nov 21 - Japan seeks 119,998 MT of food wheat for Dec-Feb shipments:

  • 14,410 MT of western white US wheat;
  • 20,565 MT of hard red winter US wheat;
  • 30,393 MT of dark northern spring US wheat;
  • 54,630 MT of Canadian western red spring wheat;

- Nov 20 - Algeria's OAIC seeks at least 50,000 MT of optional-origin milling wheat for January shipment

- Nov 20 - Jordan seeks 120,000 MT of optional-origin hard milling wheat             

- Nov 19 - Tunisia's state grains agency bought 92,000 MT of optional-origin durum wheat Dec 10-Jan 25 shipment and 75,000 MT of soft wheat for Dec 15-Jan 25 shipment:

  • 25,000 MT of soft milling wheat from Cargill at 227.72 $/mt c&f;
  • 25,000 MT of soft milling wheat from Olam at 228.22 $/mt c&f;
  • 25,000 MT of soft milling wheat from Dreyfus at 228.70 $/mt c&f;
  • 25,000 MT of durum wheat from Casillo at 324.89 $/mt c&f;
  • 17,000 MT of durum wheat from Casillo at 326.29 $/mt c&f;
  • 50,000 MT (2x25 TMT) of durum wheat from Richardson at 326.50 $/mt c&f

- Ethiopia has postponed the deadline for offer submissions in international tenders to buy a total of 600,000 MT of milling wheat. A tender for 400,000 MT of wheat is delayed to Nov 25 from Nov 14 previously. A separate tender to purchase 200,000 MT of wheat is delayed to Nov 26 from Nov 13 previously. Also Ethiopia announced third separate tender to purchase 80,000 MT of wheat on Nov 26

- Nov 15 - Taiwan Flour Millers' Association bought 95,750 MT of US milling wheat (incl. 52,550 MT of DNS, 32,100 MT of HRW, and 11,100 MT of soft white) in two consignments for January-February 2020 shipments

- Nov 14 - Egypt's GASC bought 465,000 MT of wheat from Russia (345 TMT) and Ukraine (120 TMT) for January 5-15 delivery:

  • 55,000 MT of Russian wheat from Gemcorp at 231.98 $/mt c&f (217.46 fob+14.52 freight);
  • 55,000 MT of Russian wheat from Garant Logistics at 232.34 $/mt c&f (218.00 fob+14.34 freight);
  • 60,000 MT of Russian wheat from Posco Int. at 232.35 $/mt c&f (218.88 fob+13.47 freight);
  • 60,000 MT of Ukrainian wheat from LDC at 232.35 $/mt c&f (217.70 fob+14.65 freight);
  • 60,000 MT of Ukrainian wheat from Hakan at 232.35 $/mt c&f (215.63 fob+16.72 freight);
  • 120,000 MT of Russian wheat from Grain Export at 232.35 $/mt c&f (218.88 fob+13.47 freight);
  • 55,000 MT of Russian wheat from ADM at 232.35 $/mt c&f (217.83 fob+14.52 freight)

- Egypt has strategic reserves of wheat sufficient for 5 months

- Nov 14 - Japan bought 117,761 MT of food wheat for Dec-Feb shipments:

  • 10,334 MT of western white US wheat;
  • 17,285 MT of hard red winter US wheat;
  • 59,497 MT of Canadian western red spring wheat;
  • 30,645 MT of Australian standard white wheat

- Nov 12 - South Korea's Nonghyup Feed Inc. (Nofi) bought 60,000 MT of optional-origin feed wheat at 228.70 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for March 10 arrival

- US wheat export inspections for week, ending Nov 14, recorded 449,304 MT, within expectations (350-550 TMT). Inspections for 2019/20 are running 21.4% ahead of year-ago

- USDA said the US winter wheat plantings at 95% complete as of Nov 17, in line with expectations and 5-year mean, but above last-year score (92%). USDA rated 52% of the US winter wheat crop in good-to-excellent condition, down 2% points from prior week and behind of analysts’ expectations of 53%, also below last year’s 56%

- Buenos Aires Grains Exchange cut its forecast of Argentine 2019/20 wheat production to 18.5 MMT from 18.8 MMT previously (19 MMT in 2018/19)

- Strategie Grains raised its forecast of 2019/20 EU soft wheat exports by 1.5 MMT to 28.8 MMT

- Ukrainian grain stocks were at 30.605 MMT as of November 1, down 3% from a year earlier, incl. 9.774 MMT of wheat (10.398 MMT a year ago), 2.397 MMT of barley (1.863 MMT a year ago) and 17.553 MMT of corn (18.035 MMT a year ago). The data does not include grain stored at small farms

CORN

- Nov 19 - South Korea's KOCOPIA bought 60,000 MT of Ukrainian corn from Glencore at 208.69 $/mt c&f including a surcharge for additional port unloading for Dec 20-Jan 10 shipment

- Nov 19 - Tunisia's state grains agency bought 50,000 MT of optional-origin feed barley for Dec 15-Jan 25 shipment:

  • 25,000 MT from Dreyfus at 209.50 $/mt c&f;
  • 25,000 MT from Glencore at 210.95 $/mt c&f

- Nov 19 - South Korea's Nonghyup Feed Inc. (NOFI) bought 65,000 MT of optional-origin corn from CHS at 204.79 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for March 15, 2020 arrival

- Nov 19 - USDA announced export sales of 191,000 MT of US corn for delivery to unknown destinations during 2019/20

- Nov 18 - USDA announced export sales of 132,000 MT of US corn for delivery to unknown destinations during 2019/20

- Nov 15 - Saudi Arabia’s SAGO bought 1.02 MMT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 216.62 $/mt c&f in 17 consignments for February-March shipment to the Red Sea ports (780 TMT) and the Gulf ports (240 TMT):

  • Red Sea Ports:
    • 60,000 MT from Glencore at 213.47 $/mt c&f (Feb 1-15);
    • 60,000 MT from Glencore at 213.69 $/mt c&f (Feb 1-15);
    • 60,000 MT from Holbud at 215.85 $/mt c&f (Feb 1-15);
    • 60,000 MT from Graincorp at 214.69 $/mt c&f (Feb 15-29);
    • 60,000 MT from Casillo at 215.89 $/mt c&f (Feb 15-29);
    • 60,000 MT from Holbud at 215.90 $/mt c&f (Feb 15-29);
    • 60,000 MT from Cofco at 215.99 $/mt c&f (Feb 15-29);
    • 60,000 MT from Glencore at 214.46 $/mt c&f (March 1-15);
    • 60,000 MT from Soufflet at 215.74 $/mt c&f (March 1-15);
    • 60,000 MT from Holbud at 216.21 $/mt c&f (March 1-15);
    • 60,000 MT from Glencore at 214.68 $/mt c&f (March 15-30);
    • 60,000 MT from Glencore at 215.39 $/mt c&f (March 15-30);
    • 60,000 MT from Glencore at 215.54 $/mt c&f (March 15-30).
  • Gulf Ports:
    • 60,000 MT from Holbud at 222.49 $/mt c&f (Feb 1-15);
    • 60,000 MT from Glencore at 219.82 $/mt c&f (Feb 15-29);
    • 60,000 MT from Glencore at 220.64 $/mt c&f (March 1-15);
    • 60,000 MT from Glencore at 222.08 $/mt c&f (March 15-30)

- Nov 11 - South Korea's Korea Feed Association (KFA) in a private deal purchased 65,000 MT of optional-origin corn at 204.79 $/mt c&f for Dec 25-Jan 25 shipment

- Nov 11 - South Korea's Major Feedmill Group (MFG) in a private deal purchased 66,000 MT of optional-origin corn at 203.63 $/mt c&f for Dec-Jan shipment

- US corn export inspections for week, ending Nov 14, reported 637,397 MT, within expectations (400-700 TMT). Inspections for 2019/20 are running 58.4% behind of year-ago

- USDA estimated 76% of the US corn crop was harvested as of Nov 17, behind of expectations (77%), below last year’s pace (89%) and the 5-year mean (92%)

- Egypt plans to import 8-9 MMT of yellow corn in the current 2019/20 season

- China will extend an anti-dumping investigation into imports of Australian barley by another six months

SOYBEAN

- Nov 19 - South Korea's Nonghyup Feed Inc. (NOFI) has purchased about 60,000 MT of optional-origin soymeal from Cargill at 360.60 $/mt c&f for May 5, 2020 arrival

- Nov 19 - South Korea's Major Feedmill Group (MFG) has purchased about 59,000 MT of optional-origin soymeal at 363.20 $/mt c&f for March-April shipment

- Nov 19 - South Korea's KFA (Korea Feed Association) has purchased about 60,000 MT of optional-origin soymeal at 362.99 $/mt c&f for March shipment

- Nov 14 - USDA announced export sales of 129,000 MT of US soybeans for delivery to China during 2019/20

- US soybean export inspections for week, ending Nov 14, reported 1,532,991 MT, topped trade expectations (1-1.5 MMT). Inspections for the 2019/20 marketing year are running 12.1% ahead of year-ago

- USDA estimated 91% of the US soybean crop was harvested as of Nov 17, in line with expectations and last year’s pace, but below 5-year mean (95%)

- NOPA said its members crushed a bigger-than-expected 175.397 million bushels of soybeans during October (166.795 million bu – average expectations, 157.5-173 – range). NOPA processors crashed 152.566 mln bu in September and 172.346 mln bu a year ago. Soyoil stocks fell to 1.423 billion lbs as of Oct 31 from 1.442 a month earlier, slightly above average expectations of 1.42 billion lbs, but below the last year’s level of 1.503 billion lbs. Soymeal exports increased in October to 894,817 tons from 844,584 tons in September but down vs. 967,174 tons a year-ago

- India imported 1.378 MMT of veg oils (edible & non-edible) in October vs. 1.304 MMT in September, up 10% from 1.256 MMT a year ago. India's Nov-Oct 2018/19 imports totals 15.55 MMT vs. 15.026 MMT a year ago

- India imported 648,335 MT of crude palm oil in October vs. 599,539 MT in September and vs. 609,828 MT a year ago. India's Nov-Oct 2018/19 imports totals 6.535 MMT vs. 6,46 MMT a year ago

- India imported 118,487 MT of RBD palmolein in October vs. 264,308 MT in September and vs. 136,967 MT a year ago. India's Nov-Oct 2018/19 imports totals 2.731 MMT vs. 2.136 MMT a year ago

- India imported 394,086 MT of soybean oil in October vs. 247,665 MT in September and vs. 264,089 MT a year ago. India's Nov-Oct 2018/19 imports totals 3.094 MMT vs. 3.047 MMT a year ago

- India imported 159,272 MT of sunflower oil in October vs. 126,831 MT in September and vs. 156,767 MT a year ago. India's Nov-Oct 2018/19 imports totals 2.351 MMT vs. 2.525 MMT a year ago

- India's stock of edible oils at various ports and in pipelines as of November 1, 2019 fell to 1.777 MMT from 1.802 MMT a month ago, down vs. last year's 2.325 MMT. India's monthly requirement is about 1.9 MMT

- Egypt has sufficient vegetable oils reserves to cover its needs for 3.4 months

- Ukrainian sunflower stocks were at 8.76 MMT as of November 1, up 3.5% from a year earlier (8.461 MMT). The data does not include grain stored at small farms