WHEAT

- US wheat export inspections for week, ending Jan 23, recorded 223,994 MT, well below expectations (400-600 TMT). Inspections for 2019/20 are running 12.8% ahead of year-ago

- EU this season in period of July 1-Jan 26, 2019/20 exported 15.938 MMT of soft wheat compared to 9.436 MMT a year ago

- MARS reported that temperatures near to the highest on record in areas of western and central Europe have left crops more prone to pests and disease, as well as vulnerable to damage from any late frosts

- China has bought about half a million tonnes of Australian wheat, including 150,000 MT loaded in Dec-Jan and another 400,000 MT for loading in Jan-Feb

- Egypt has enough strategic reserves of wheat to last until the final week of June

- Egypt is about to add another 330,000 MT to its grain silo storage capacity after having expanded it by 5.9% to 3.6 MMT in 2019

- Argentina's Ag Min raised its estimate of 2019/20 wheat production by 0.5 MMT to 19.5 MMT (19.46 MMT in 2018/19). Wheat exports forecast for 2019/20 (Dec-Nov) was left at 12 MMT vs. 11.3 MMT in previous season

CORN

- Jan 27 - USDA announced export sales of 111,252 MT of US corn for delivery to Japan during the 2020/21

- Jan 24 - USDA announced export sales of 142,428 MT of US corn for delivery to unknown destinations during the 2019/20

- Jan 24 - Saudi Arabia’s SAGO bought 900,000 MT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 224.45 $/mt c&f in 15 consignments for March-April shipment to the Red Sea ports (660 TMT) and the Gulf ports (240 TMT):

  • Red Sea Ports:
    • 60,000 MT from Holbud Limited at 221.85 $/mt c&f (March 15-30);
    • 60,000 MT from Holbud Limited at 222.83 $/mt c&f (March 15-30);
    • 60,000 MT from Cargill at 223.60 $/mt c&f (March 15-30);
    • 60,000 MT from Louis Dreyfus at 218.50 $/mt c&f (April 1-15);
    • 60,000 MT from Cerealcom at 219.90 $/mt c&f (April 1-15);
    • 60,000 MT from LLC Trade House at 222.00 $/mt c&f (April 1-15);
    • 60,000 MT from Holbud Limited at 222.85 $/mt c&f (April 1-15);
    • 60,000 MT from Soufflet at 222.20 $/mt c&f (April 15-30);
    • 60,000 MT from Holbud Limited at 223.87 $/mt c&f (April 15-30);
    • 60,000 MT from Casillo at 223.89 $/mt c&f (April 15-30);
    • 60,000 MT from Agrorodeo at 224.96 $/mt c&f (April 15-30).
  • Gulf Ports:
    • 60,000 MT from Lecureur at 226.84 $/mt c&f (March 15-30);
    • 60,000 MT from Holbud Limited at 229.75 $/mt c&f (March 15-30);
    • 60,000 MT from Casillo at 230.98 $/mt c&f (April 1-15);
    • 60,000 MT from Holbud Limited at 232.75 $/mt c&f (April 5-30)

- US corn export inspections for week, ending Jan 23, reported 668,559 MT, within expectations (500-900 TMT). Inspections for 2019/20 are running 53% behind of year-ago

- EU this season in period of July 1-Jan 26, 2019/20 imported 12.59 MMT of corn (maize) vs. 13.473 MT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 exported 2.513 MMT of corn vs. 1.13 MMT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 exported 4.322 MMT of barley vs. 2.814 MMT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 exported 1.418 MT of malt in barley equivalent vs. 1.502 MT a year ago

- Zimbabwe’s corn strategic reserves are down to just 100,000 MT. Zimbabwe consumes 80,000 MT of maize every month. So the country needs to import at least 800,000 MT of maize this year, mainly from Tanzania, South Africa and South America

- Argentina's Ag Min lowered its estimate of 2019/20 barley production by 200,000 MT to 3.8 MMT, down 24.9% from 5.06 MMT in 2018/19. Barley exports forecast for 2019/20 (Dec-Nov) was left at 2.7 MMT vs. 3.3 MMT in previous season

SOYBEAN

- US soybean export inspections for week, ending Jan 23, reported 1,038,840 MT, within trade expectations (0.7-1.3 MMT). Inspections for the 2019/20 marketing year are running 23.1% ahead of year-ago

- EU this season in period of July 1-Jan 26, 2019/20 imported 7.898 MMT of soybeans vs. 8.206 MMT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 imported 10.575 MMT of soymeal vs. 9,77 MMT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 imported 3.978 MMT of rapeseed vs. 2.554 MMT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 imported 479,531 MT of sunflowerseed vs. 277,179 MT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 imported 1.552 MMT of sunflower meal vs. 1.623 MMT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 imported 1.107 MMT of sunflower oil vs. 824,278 MT a year ago

- EU this season in period of July 1-Jan 26, 2019/20 imported 3.096 MMT of palm oil vs. 3.765 MMT a year ago

- Argentina's Ag Min lifted its soybean acreage estimate for the 2019/20 to 17.3 million hectares from 17.2 mln ha in December, up 1.8% from 17 mln ha in 2018/19. Soybean exports forecast for 2018/19 (Apr 2019-Mar 2020) left at 10.5 MMT (3.82 MMT in 2017/18)

- Argentine December soybean crush was reported at 2.75 MMT, down 6.4% from 2.93 MMT in November but up 11.8% from last year. In the full-year 2019, the country crushed 41.24 MMT of soybeans vs. 36.81 MMT last year

- Stocks of soybean oil at Argentine mills totals 354,908 MT at the end of December 2019, up by 12.5% from a year-ago

- Stocks of soymeal at Argentine mills totals 551,393 MT at the end of December 2019, down 56.6% vs. a year-ago

- Argentine December sunflower crush was reported at 122,470 MT, down from 157,571 MT in November but up 7.4% from last year. In the full-year 2019, the country crushed 3.31 MMT of sunflowerseed vs. 3.07 MMT last year

- Stocks of sunoil at Argentine mills totals 51,040 MT at the end of December 2019, down by 49.3% from a year-ago

- Stocks of sunflower meal at Argentine mills totals 44,837 MT at the end of December 2019, down by 37.8% from a year-ago            

- Ukrainian December sunflower oil production was reported at 591 TMT, up 10.1% from last year. Full-year 2019 sunoil production totalled 5.61 MMT, up 13.8% vs. 2018

- Egypt has enough vegetable oil to last until the end of May