WHEAT

- Feb 4 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat

- Ethiopia bought 70,000 MT of wheat in tender which closed on Dec 18 at prices ranged from 310.05 to 324.05 $/mt c&f, including transport to an inland destination

- US wheat export inspections for week, ending Jan 30, recorded 413,984 MT, within expectations (300-500 TMT). Inspections for 2019/20 are running 12.2% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 36.772 MMT of grain between July 1-Feb 4, 2019/20 vs. 28.182 MMT for the same period of last year, including 15.887 MMT of wheat (11.601 MMT a year ago), 16.515 MMT of corn (12.618 MMT) and 3.896 MMT of barley (3.267 MMT)

- Preliminary Statistics data showed that Ukraine harvested 75.08 MMT of grain by clean weight in 2019, up 7.2% on year. The wheat harvest totalled 28.3 MMT in 2019, up 15% from 2018 crop

- EU this season in period of July 1-Feb 2, 2019/20 exported 16.355 MMT of soft wheat compared to 9.888 MMT a year ago

- European Commission (EC) kept forecast of EU soft wheat exports at 28 MMT in 2019/20, up from 21.461 MMT in 2018/19

- IKAR expects Russian wheat production this year could reach 79.5 MMT, one of the biggest volumes ever

CORN

- Jan 31 - Tunisia's state grains agency bought 50,000 MT of optional-origin feed barley for March 1-April 10 shipment:

  • 25,000 MT from Cargill at 211.92 $/mt c&f;
  • 25,000 MT from Solaris at 213.85 $/mt c&f

- Jan 31 - USDA announced export sales of 134,000 MT of optional-origin corn for delivery to South Korea during 2019/20

- Jan 31 - South Korea's Nonghyup Feed Inc. (Nofi) bought 68,000 MT of optional-origin corn from ADM at 213.6 $/mt c&f for May 10 arrival

- Two South Korean buyers purchased a total of about 134,000 MT of optional-origin corn in private deals:

  • Major Feedmill Group (MFG) purchased 69,000 MT from Dreyfus at 214.69 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for May 1 arrival;
  • Feed Leaders' Committee (FLC) purchased 65,000 MT at 213.99 $/mt c&f for May 5 arrival

- Indian MMTC is believed to have made no purchase in an international tender for up to 175,000 MT of non-GM yellow corn which closed on Jan 14. The lowest offer in the tender was at 226.8 $/mt c&f

- US corn export inspections for week, ending Jan 30, reported 562,380 MT, within expectations (500-800 TMT). Inspections for 2019/20 are running 52.3% behind of year-ago

- EC raised its forecast of EU 2019/20 corn imports by 1 MMT to 20 MMT (24.228 MMT in 2018/19)

- EC raised its forecast of EU 2019/20 barley exports by 1 MMT to 11 MMT vs. 7.96 MMT in 2018/19

- EU this season in period of July 1-Feb 2, 2019/20 imported 13.023 MMT of corn (maize) vs. 14.043 MT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 exported 2.689 MMT of corn vs. 1.147 MMT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 exported 4.336 MMT of barley vs. 2.875 MMT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 exported 1.451 MT of malt in barley equivalent vs. 1.588 MT a year ago

- Brazil’s Trade Ministry reported January corn exports at 2.294 MMT, down from 4.369 MT in December and down vs. 3.866 MMT in the year-ago month 

- Preliminary Statistics data showed that Ukraine harvested around 35.85 MMT of corn by clean weight in 2019, up 0.1% from 2018

- Preliminary Statistics data showed that Ukrainian barley crop in 2019 rose to 8.91 MMT, up 21.2% from 2018

- Preliminary Statistics data showed that Ukrainian peas crop in 2019 fell to 572,740 MT, down 26.2% from 2018

SOYBEAN

- Feb 3 - USDA announced export sales of 130,000 MT of US soybeans for delivery to Egypt during 2019/20            

- Jan 30 - USDA announced export sales of 30,000 MT of US soybean oil for delivery to Egypt during 2019/20            

- Jan 29 - Algerian’s ONAB bought 35,000 MT of South American soymeal at 376.25 $/mt c&f for shipment at the latest by March 15

- India has raised import tax on crude palm oil to 44% from 37.5%

- US soybean export inspections for week, ending Jan 30, reported 1,355,627 MT, topped trade expectations (0.6-1.2 MMT). Inspections for the 2019/20 marketing year are running 23.3% ahead of year-ago

- USDA estimated US December 2019 soybean crush for crude oil at 5.542 million short tons, a 5.8% increase from November and above the last year level (5.513 mln tons in Dec 2018), but behind of average expectations (5.57 mln tons). Crude soyoil stocks rose to 1.709 billion lbs as of Dec 31 from 1.523 billion lbs as of Nov 30, above the 1.602 bln lbs a year ago, while refined oil stocks were at 384.641 million lbs as of Dec 31 vs. 357.435 in Nov and 344.078 in Dec 2018. Dec US soy cake and meal stocks were at 342,085 tons vs. 426,332 in Nov and vs. 394,444 tons a year-ago

- Brazil’s Trade Ministry reported January soybean exports at 1.488 MMT, down from 3.44 MMT in December and down vs. 2.035 MMT a year ago. Also Brazil exported 1.057 MMT of soymeal in January versus 1.668 MMT the month before and 1.236 MMT a year ago; and 12,623 MT of soyoil compared to 29,146 MT in December and 38,063 MT a year ago    

- FCStone raised its 2019/20 Brazilian soybean crop estimate to 124 MMT from 121.8 MMT previously forecasted

- Buenos Aires Grains Exchange raised its forecast of Argentine 2019/20 soybean production to 53.1 MMT from 51 MMT previously (55.1 MMT in 2018/19)

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Jan 1-31 palm oil exports at 1,231,385 MT down 8.7% from a month ago

- Surveyor SGS estimated Malaysia's Jan 1-31 palm oil exports at 1,220,484 MT down 7.9% from a month ago

- GAPKI said Indonesia exported a record 36.18 MMT of palm oil and its products, including biodiesel and oleochemical last year, up 4.2% from 34.71 MMT in 2018

- EU this season in period of July 1-Feb 2, 2019/20 imported 8.069 MMT of soybeans vs. 8.408 MMT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 imported 10.898 MMT of soymeal vs. 10.169 MMT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 imported 4.039 MMT of rapeseed vs. 2.682 MMT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 imported 520,797 MT of sunflowerseed vs. 284,432 MT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 imported 1.617 MMT of sunflower meal vs. 1.703 MMT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 imported 1.172 MMT of sunflower oil vs. 845,911 MT a year ago

- EU this season in period of July 1-Feb 2, 2019/20 imported 3.175 MMT of palm oil vs. 3.857 MMT a year ago

- Strategie Grains lowered its forecast of rapeseed production in the EU this year to 18.05 MMT from 18.46 MMT in Dec (16.86 MMT in 2019)

- Strategie Grains lifted forecast of the EU's 2020/21 sunflower seed production to 9.7 MMT from 9.62 MMT in Dec (9.49 MMT in 2019/20)

- Strategie Grains raised forecast of the EU's 2020/21 soybean production to 2.75 MMT from 2.69 MMT in Dec (2.6 MMT in 2019/20)

- Preliminary Statistics data showed that Ukraine harvested around 3.7 MMT of soybeans by clean weight in 2019, down 17.1% from 2018

- Preliminary Statistics data showed that Ukraine harvested around 3.27 MMT of rapeseed by clean weight in 2019, up 19% from 2018

- Preliminary Statistics data showed that Ukraine harvested around 15.27 MMT of sunflower seed by clean weight in 2019, up 7.8% from 2018