WHEAT

- Jan 14 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for June-July shipment. Jordan made no purchase in its previous wheat tender on Jan 7

- Jan 9 - Japan seeks 106,125 MT of food wheat for Feb-Mar shipments:

  • 21,350 MT of western white US wheat;
  • 37,980 MT of hard red winter US wheat;
  • 24,990 MT of Canadian western red spring wheat;
  • 21,805 MT of Australian standard white wheat

- Jan 8 - Egypt's GASC bought 300,000 MT of wheat from Russia (120 TMT), Ukraine (60 TMT) and Romania (120 TMT) for February 18-29 shipment:

  • 60,000 MT of Russian wheat from Garant Logistics at 245.45 $/mt c&f (231.95 fob+13.5 freight);
  • 60,000 MT of Romanian wheat from Ameropa at 245.59 $/mt c&f (232.79 fob+12.8 freight);
  • 60,000 MT of Romanian wheat from Cofco at 245.59 $/mt c&f (232.79 fob+12.8 freight);
  • 60,000 MT of Ukrainian wheat from Dreyfus at 245.93 $/mt c&f (231.16 fob+14.77 freight);
  • 60,000 MT of Russian wheat from Grain Export at 245.98 $/mt c&f (232.48 fob+13.5 freight)

- US wheat export inspections for week, ending Jan 2, recorded 345,109 MT, within expectations (300-500 TMT). Inspections for 2019/20 are running 14.7% ahead of year-ago

- Conab lowered its estimate for 2019 wheat production to 5.155 MMT from 5.217 MMT in December and compared to 5.428 MMT last year. They estimated wheat imports in 2019 at 6.8 MMT (6.753 MMT in 2018)

CORN

- Jan 15 - Japan seeks 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction

- Jan 8 - USDA announced export sales of 207,000 MT of US corn for delivery to unknown destinations during 2020/21

- Jan 8 - South Korea's KOCOPIA bought 60,000 MT of optional-origin corn from Glencore at 218.28 $/mt c&f for March arrival

- Jan 8 - An importer group in Thailand made no purchase in a tender for feed wheat and feed barley

- Indian state-run trading company MMTC has raised the volume of non-GM yellow corn sought in an international purchase tender to around 175,000 MT from about 50,000 MT for shipment by February 10, 2020. The company has also postponed the offer deadline to January 14 from January 7. Offers must remain valid until January 20 vs. January 15 previously

- US corn export inspections for week, ending Jan 2, reported 550,930 MT, within expectations (400-600 TMT). Inspections for 2019/20 are running 53.4% behind of year-ago

- Brazil’s Trade Ministry reported December corn exports at 4.369 MMT, up from 4.288 MT in November and up vs. 3.637 MMT in the year-ago month

- Conab raised its forecast of Brazil's 2019/20 corn crop to 98.711 MMT from 98.409 MMT in December (100.046 MMT last season). Conab kept forecast of corn exports at 34 MMT (41.5 MMT in 2018/19)

SOYBEAN

- US soybean export inspections for week, ending Jan 2, reported 963,830 MT, near the upper end of trade expectations (0.5-1.0 MMT). Inspections for the 2019/20 marketing year are running 25.6% ahead of year-ago

- Brazil’s Trade Ministry reported December soybean exports at 3.439 MMT, down from 5.158 MMT in November and down vs. 4.071 MMT a year ago. Also Brazil exported 1.668 MMT of soymeal in December versus 1.214 MMT the month before and 1.49 MMT a year ago; and 29,146 MT of soyoil compared to 13,357 MT in November and 38,985 MT a year ago

- Conab raised forecast of Brazil's 2019/20 soy output by 1.133 MMT to 122.225 MMT (115.03 MMT last season)

- India imposed restrictions on imports of refined palm oil and palmolein