WHEAT

- Jan 10 - Mauritius seeks 95,000 MT of optional-origin wheat flour for July 1, 2020-June 20, 2021 shipment

- Dec 4 - Algeria's OAIC seeks at least 50,000 MT of optional-origin milling wheat for February shipment

- Dec 4 - Japan seeks 160,640 MT of food wheat for Jan-Mar shipments:

  • 14,992 MT of western white US wheat;
  • 19,145 MT of hard red winter US wheat;
  • 57,083 MT of dark northern spring US wheat;
  • 69,420 MT of Canadian western red spring wheat

- Dec 4 - Thailand seeks 120,000 MT of optional-origin feed wheat for shipment 60,000 MT in January and 60,000 MT in February 2020

- Dec 3 - Egypt's GASC bought 295,000 MT of wheat from Russia for January 21-31 shipment:

  • 55,000 MT of Russian wheat from Glencore at 235.17 $/mt c&f (221.49 fob+13.68 freight);
  • 120,000 MT of Russian wheat from Solaris at 235.93 $/mt c&f (222.00 fob+13.93 freight);
  • 120,000 MT of Russian wheat from Grain Export at 236.30 $/mt c&f (222.00 fob+14.30 freight)

- US wheat export inspections for week, ending Nov 28, recorded 246,988 MT, below expectations (400-600 TMT). Inspections for 2019/20 are running 19.2% ahead of year-ago

- ABARES cut forecast of 2019/20 Australian wheat crop to 15.852 MMT from 19.102 MMT in Sept, now down 8.4% from 17.298 MMT in 2018/19

- EU this season in period of July 1-Dec 1, 2019/20 exported 11.14 MMT of soft wheat compared to 7.041 MMT a year ago

CORN

- Nov 29 - South Korea's Nonghyup Feed Inc. (Nofi) in a private deal purchased 65,000 MT of Black Sea-origin corn from ADM at 204.49 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Jan 20-Feb 20 shipment

- US corn export inspections for week, ending Nov 28, reported 428,856 MT, below expectations (500-700 TMT). Inspections for 2019/20 are running 57.6% behind of year-ago

- USDA estimated 89% of the US corn crop was harvested as of Dec 1, in line with expectations, but below last year’s pace (97%) and the 5-year mean (98%)             

- Brazil’s Trade Ministry reported November corn exports at 4.288 MMT, down from 6.072 MT in October but up vs. 3.646 MMT in the year-ago month

- EU this season in period of July 1-Dec 1, 2019/20 imported 8.685 MMT of corn (maize) vs. 7.763 MT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 exported 1.594 MMT of corn vs. 786,703 MT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 exported 3.368 MMT of barley vs. 2.335 MMT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 exported 1.085 MT of malt in barley equivalent vs. 1.071 MT a year ago

- ABARES lowered forecast of 2019/20 Australian barley crop to 8.672 MMT from 9.479 MMT in Sept, still up 4.4% from 8.31 MMT in 2018/19. Also they sharply cut forecast of sorghum crop to 398,000 MT from 992,000 MT in Sept, down 68.9% from 1.278 MMT in 2018/19

SOYBEAN

- Dec 3 - South Korea's Nonghyup Feed Inc. (Nofi) rejected all offers in tender to buy 60,000 MT of soybean meal for July 5 arrival, citing on too high prices             

- US soybean export inspections for week, ending Nov 28, reported 1,547,507 MT, within trade expectations (1.4-2 MMT). Inspections for the 2019/20 marketing year are running 20.2% ahead of year-ago

- USDA estimated 96% of the US soybean crop was harvested as of Dec 1, behind of average expectations (97%) and last year’s pace (97%), also below 5-year mean (99%)

- USDA estimated US October 2019 soybean crush for crude oil at 5.616 million short tons, a 15.3% increase from September and above the last year level (5.507 mln tons in Oct 2018), also ahead of average expectations. Crude soyoil stocks rose to 1.472 billion lbs as of Oct 31 from 1.401 billion lbs as of Sept 30, below the 1.701 bln lbs a year ago, while refined oil stocks were at 349.029 million lbs as of Oct 31 vs. 374.747 in Sept and 346.867 in Oct 2018. Sept US soy cake and meal stocks were at 335,183 tons vs. 360,387 in Sept and vs. 399,414 tons a year-ago

- Brazil’s Trade Ministry reported November soybean exports at 5.158 MMT, unchanged from 5.158 MMT in October but up vs. 4.817 MMT a year ago. Also Brazil exported 1.214 MMT of soymeal in November versus 1.426 MMT the month before and 1.047 MMT a year ago; and 13,357 MT of soyoil compared to 47,128 MT in October and 22,746 MT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 imported 5.737 MMT of soybeans vs. 5.684 MMT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 imported 8.077 MMT of soymeal vs. 7,031 MMT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 imported 3.213 MMT of rapeseed vs. 1.95 MMT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 imported 243,380 MT of sunflowerseed vs. 192,645 MT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 imported 1.122 MMT of sunflower meal vs. 985,455 MT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 imported 739,111 MT of sunflower oil vs. 452,766 MT a year ago

- EU this season in period of July 1-Dec 1, 2019/20 imported 2.205 MMT of palm oil vs. 2.742 MMT a year ago

- ABARES cut forecast of 2019/20 Australian canola crop to 2.099 MMT from 2.304 MMT in Sept, down 3.7% from 2.18 MMT in 2018/19

- Indonesia is keeping export tax for crude palm oil at zero for December 2019, as the CPO reference price is set at 650.18 $/mt, below the threshold of 750 $/mt for taxes, while above the 570 $/mt for levies, but in September the government said it will not collect levies until January