WHEAT

- Dec 19 - Japan seeks 148,405 MT of food wheat for Jan-Mar shipments:

  • 16,146 MT of western white US wheat;
  • 8,830 MT of hard red winter US wheat;
  • 28,825 MT of dark northern spring US wheat;
  • 66,769 MT of Canadian western red spring wheat;
  • 27,835 MT of Australian standard white wheat

- US wheat export inspections for week, ending Dec 12, recorded 506,291 MT, topped expectations (300-500 TMT). Inspections for 2019/20 are running 15.9% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 28.381 MMT of grain between July 1-Dec 18, 2019 vs. 21.088 MMT for the same period of last year, including 14.295 MMT of wheat (9.946 MMT a year ago), 10.097 MMT of corn (7.648 MMT) and 3.66 MMT of barley (3.129 MMT)

- Russia will provide Syria with 100,000 MT of grain as humanitarian aid, the supply would begin by the end of December

- Russia plans to invest $500 million in the Syrian port of Tartus and build a grain hub there to boost its presence on Middle East markets

-  British flour mills have reportedly bought about 40,000 MT of high-quality German milling wheat this winter, due to planting delays in the UK

- Egypt will allow agricultural inspectors to resume checks of wheat cargoes purchased during state tenders at the port of origin

- Japan's November grain imports rose 7.3% on year to 2.215 MMT, incl. 743,316 MT from the US (down by 53.1%)

CORN

- Dec 18 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on Dec 25

- Dec 17 - Turkey's TMO bought over 300,000 MT of feed barley (25x12 TMT) for Dec 27-Jan 24 shipment:

  • 48,000 MT from GTCS at 197 $/mt c&f Derince;
  • 12,000 MT from Solaris at 200.02 $/mt c&f Derince;
  • 36,000 MT from GTCS at 198 $/mt c&f Mersin;
  • 24,000 MT from Solaris at 201.81 $/mt c&f Mersin;
  • 36,000 MT from Solaris at 202.31 $/mt c&f Iskenderun;
  • 24,000 MT from Ameropa at 202.21 $/mt c&f Iskenderun;
  • 24,000 MT from LDC at 203 $/mt c&f Izmir;
  • 24,000 MT from Aston at 202.7 $/mt c&f Bandirma;
  • 24,000 MT from LDC at 200.4 $/mt c&f Tekirdag;
  • 12,000 MT from Samanci at 200.5 $/mt c&f Trabzon;
  • 12,000 MT from Hakan at 202.9 $/mt c&f Trabzon;
  • 12,000 MT from GTCS at 195 $/mt c&f Samsun;
  • 12,000 MT from Hakan at 203.9 $/mt c&f Samsun

- US corn export inspections for week, ending Dec 12, reported 686,686 MT, topped expectations (400-650 TMT). Inspections for 2019/20 are running 54.8% behind of year-ago

- Argentina's new government has hiked export levies on corn and wheat to 12% from around 7%. The government wants to raise the export taxes further to 15%

SOYBEAN

- US soybean export inspections for week, ending Dec 12, reported 1,259,374 MT, within trade expectations (0.9-1.6 MMT). Inspections for the 2019/20 marketing year are running 22.8% ahead of year-ago

- NOPA said its members crushed a smaller-than-expected 164.909 million bushels of soybeans during November (172.032 million bu – average expectations, 168.6-178.028 – range). NOPA processors crashed 175.397 mln bu in October and 166.959 mln bu a year ago. Soyoil stocks rose to 1.448 billion lbs as of Nov 30 from 1.423 a month earlier, above average expectations of 1.423 billion lbs, but below the last year’s level of 1.484 billion lbs. Soymeal exports decreased in November to 868,769 tons from 894,817 tons in October and vs. 901,449 tons a year-ago

- Argentina's new government has hiked export levies on soybeans, soyoil and soymeal to 30% from about 25%. The government wants to raise the export taxes further to 33%

- Japan's November soybean imports rose 27.1% on year to 303,753 MT, incl. 247,779 MT from the US (up by 23.1%)

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Dec 1-15 palm oil exports at 551,625 MT down 17.3% from a month ago

- SGS estimated Malaysia's Dec 1-15 palm oil exports at 572,409 MT down 15.5% from a month ago