WHEAT

- Feb 21 - Taiwan Flour Millers' Association seeks 102,525 MT of US milling wheat in two consignments: 51,825 MT for April 11-25 and 50,700 MT for April 27- May 11 shipment

- Feb 18 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for Sept-Oct shipment

- Feb 14 - Importers in Thailand bought 58,000 MT of optional-origin feed wheat from Phoenix at 244.5 $/mt c&f liner out for May shipment

- Feb 13 - Japan bought 110,565 MT of food wheat for Mar-Apr shipments:

  • 18,945 MT of hard red winter US wheat;
  • 15,245 MT of dark northern spring US wheat;
  • 49,375 MT of Canadian western red spring wheat;
  • 27,000 MT of Australian standard white wheat

- Feb 12 - South Korea's Major Feedmill Group (MFG) purchased 67,000 MT of Canadian feed wheat from Glencore at 248.35 $/mt c&f including a surcharge for additional port unloading for May 26-June 15 shipment

- Feb 11 - Egypt's GASC bought 360,000 MT of wheat from Romania (180 TMT) and Russia (180 TMT) for March 11-25 shipment:

  • 180,000 MT (3x60,000 MT) of Romanian wheat from Ameropa at 239.50 $/mt c&f (227.90 fob+11.60 freight);
  • 120,000 MT (2x60,000 MT) of Russian wheat from Solaris at 239.25 $/mt c&f (227.50 fob+11.75 freight);
  • 60,000 MT of Russian wheat from Agro AST at 239.55 $/mt c&f (227.80 fob+11.75 freight)

- Feb 11 - Jordan bought 60,000 MT of optional-origin hard milling wheat from CHS at 224 $/mt c&f for the second half of August shipment

- Feb 10 - Algeria's OAIC bought about 660,000-680,000 MT of optional-origin milling wheat at around 237.5-237.75 $/mt c&f for April shipment

- Weekly US wheat export sales data for week ended Feb 6 totaled 687,100 MT, incl. 643,100 MT for 2019/20, near the high end of market expectations (300-650 TMT). Export commitments for 2019/20 are running 21% ahead of year-ago

- Strategie Grains lowered its forecast of EU 2020 soft wheat crop to 138.6 MMT from 139.8 MMT previously (146 MMT in 2019)

- FranceAgriMer lifted its forecast for French soft wheat stocks at the end of the 2019/20 to 2.438 MMT from 2.395 MMT projected last month (2.491 MMT in 2018/19). Projected exports outside the EU raised by 200,000 MT to 12.6 MMT, up 30.3% from 9.668 MMT in 2018/19, while forecast of shipments within the EU trimmed to 8.018 MMT, up 8.8% from 7.368 MMT in 2018/19

CORN

- Feb 18 - Turkey's TMO seeks 25,000 MT of feed barley for Feb 26-March 15 shipment

- Feb 13 - Algeria's ONAB bought 35,000 MT of Ukrainian or EU-origin corn at around 194.75 $/mt c&f for March 16-31 shipment

- Feb 12 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley for May-June shipment and re-tender on Feb 19

- Feb 12 - 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 Feb 19

- Feb 12 - South Korea Feed Association (KFA) bought 66,000 MT of optional-origin corn from Pan Ocean at 212.95 $/mt c&f + 1.00 $/mt surcharge for additional port unloading for May 20 arrival

- Feb 12 - South Korea's Nonghyup Feed Inc. (Nofi) in a private deal bought 66,000 MT of optional-origin corn from Cargill at 212.3 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for May 20 arrival            

- Feb 11 - South Korea's Major Feedmill Group (MFG) bought 130,000 MT of optional-origin corn from Glencore at 213.25 $/mt c&f + 1.25 $/mt surcharge for additional port unloading in two consignments for May 19, May 27 arrival

- Feb 11 - South Korea's Feed Leaders Committee (FLC) in a private deal purchased 65,000 MT of optional-origin corn from Posco at 212.23 $/mt c&f for May 20 arrival

- Weekly US corn export sales data for week ended Feb 6 totaled 968,800 MT for 2019/20 within expectations (700-1200 TMT). Export commitments for 2019/20 are running 26% behind of year-ago

- Conab raised its forecast of Brazil's 2019/20 corn crop to 100.586 MMT from 98.711 MMT in January (100.043 MMT last season). Conab kept forecast of corn exports at 34 MMT (41.173 MMT in 2018/19)          

- Rosario grain exchange raised its forecast for Argentine 2019/20 corn harvest to 50 MMT from 49 MMT previously

- Buenos Aires Grain Exchange forecasts Argentine 2019/20 corn crop at 49 MMT (50.6 MMT in 2018/19)

- Strategie Grains raised its forecast of EU 2020 corn crop to 67.3 MMT from 67.2 MMT previously (63.5 MMT in 2019)

- Strategie Grains raised its forecast of EU 2020 barley crop to 62.5 MMT from 62.1 MMT previously, (62.2 MMT in 2019)

- FranceAgriMer upped its forecast for French corn stocks at the end of the 2019/20 to 2.206 MMT from 2.073 MMT in Jan and vs. 2.09 MMT in 2018/19. France's 2019/20 corn exports are forecasted at 4.015 MMT down from Jan estimate (4.08 MMT) and down vs. 4.213 MMT a year ago

- FranceAgriMer lifted its forecast of France's 2019/20 barley ending stocks to 1.965 MMT from 1.822 MT in Jan (1.325 MMT in 2018/19). France's 2019/20 barley exports (without malt) are forecasted at 7.194 MMT (7.299 MMT – previous forecast) up 17.8% from year-ago (6.196 MMT in 2018/19)

SOYBEAN

- Feb 13 - Egypt’s GASC bought 41,500 MT of local soybean oil at 12,300 EGP/mt (782 $/mt) for March 25-April 15 arrival from Alex. Co for Seeds (20,000 MT); Watanya/Cargill (6,000 MT); El Magd Co. (5,000 MT); El Safa Co (4,000 MT); Cairo 3A (3,500 MT); Evergreen Co (3,000 MT)

- Feb 12 - South Korea's Major Feedmill Group (MFG) in a private deal purchased about 60,000 MT of optional-origin soymeal from Bunge at 347.55 $/mt c&f including a surcharge for additional port unloading for July 1-31 shipment

- Feb 12 - South Korea's Feed Leaders Committee (FLC) in a private deal purchased about 60,000 MT of optional-origin soymeal at 347.6 $/mt c&f for Sept 15 arrival

- Feb 11 - South Korea's NOFI has purchased about 21,000 MT of feed ingredients for March-April arrival:

  • 13,000 MT of palm kernel expellers from South East Asia at 159.88-161.78 $/mt c&f+1.5 $/mt surcharge for additional port unloading;
  • 8,000 MT (2x4 TMT) of corn gluten feed from China at 202 and 198.5 $/mt c&f

- Weekly US soybeans export sales data for week ended Feb 6 totaled 651,100 MT, incl. 644,800 MT for 2019/20, near the lower end of expectations (600-1000 TMT). Export commitments for 2019/20 are running 9% ahead of year-ago

- Weekly US soymeal export sales data for week ended Feb 6 of 234,200 MT for 2019/20, within expectations (125-400 TMT). Export commitments for 2019/20 are running 9% ahead of year-ago

- Conab raised forecast of Brazil's 2019/20 soy output by 1.024 MMT to 123.25 MMT (115.03 MMT last season)

- Rosario grain exchange raised its forecast for Argentine 2019/20 soy harvest to 55 MMT from 54 MMT previously

- Buenos Aires Grain Exchange forecasts Argentine 2019/20 sunflower crop at 3.2 MMT, down from 3.9 MMT in 2018/19

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Feb 1-15 palm oil exports at 511,629 MT down 10.1% from a month ago

- Surveyor SGS estimated Malaysia's Feb 1-15 palm oil exports at 529,191 MT down 9.6% from a month ago

- Malaysia will keep its crude palm export tax at 6% in March, unchanged from February. Malaysia calculated a reference price of 2,982.63 MYR/mt for March

- India imported 1.128 MMT of veg oils (edible & non-edible) in January vs. 1.128 MMT in December, down 7% from 1.211 MMT a year ago

- India imported 529,053 MT of crude palm oil in January vs. 631,824 MT in December and vs. 645,308 MT a year ago. India's Nov-Jan 2019/20 imports totals 1.701 MMT vs. 1.884 MMT a year ago

- India imported 49,634 MT of RBD palmolein in January vs. 94,816 MT in December and vs. 167,429 MT a year ago. India's Nov-Jan 2019/20 imports totals 266,859 MT vs. 406,799 MT a year ago

- India imported 260,650 MT of soybean oil in January vs. 168,048 MT in December and vs. 185,906 MT a year ago. India's Nov-Jan 2019/20 imports totals 593,448 MT vs. 475,044 MT a year ago

- India imported 301,669 MT of sunflower oil in January vs. 197,842 MT in December and vs. 200,027 MT a year ago. India's Nov-Jan 2019/20 imports totals 762,822 MT vs. 601,401 MT a year ago

- India's stock of edible oils at various ports and in pipelines as of February 1, 2020 fell to 1.735 MMT from 1.86 MMT (revised) a month ago, down vs. last year's 2.11 MMT. India's monthly requirement is about 1.9 MMT

- India's imports of pulses such as chickpeas could slump by 60% to a million tonnes in the 2020/21 financial year on bumper domestic production and government measures to curb overseas purchases