WHEAT

- Feb 25 - Tunisia's state grains agency seeks 125,000 MT of optional-origin soft wheat for March 15-May 25 shipment

- Feb 21 - Saudi Arabia’s SAGO bought 715,000 MT of wheat (655 TMT with 12.5% protein, and 60 TMT with 11% protein) of EU, North and South American (excl. Canadian), Australian and Black Sea origin at an average price of 247.46 $/mt c&f in 12 consignments for April-June shipment to the ports of Jeddah (360 TMT), Dammam (300 TMT) and Jizan (55 TMT):

  • Jeddah:
    • 60,000 MT of soft wheat from Holbud Limited at 241.89 $/mt c&f (May 1-10);
    • 60,000 MT of hard wheat from Holbud Limited at 242.92 $/mt c&f (May 10-20);
    • 60,000 MT of hard wheat from Holbud Limited at 242.92 $/mt c&f (May 20-30);
    • 60,000 MT of hard wheat from Holbud Limited at 243.35 $/mt c&f (June 1-10);
    • 60,000 MT of hard wheat from Holbud Limited at 244.48 $/mt c&f (June 10-20);
    • 60,000 MT of hard wheat from Glencore at 243.39 $/mt c&f (June 20-30).
  • Dammam:
    • 60,000 MT of hard wheat from Glencore at 252.39 $/mt c&f (April 20-30);
    • 60,000 MT of hard wheat from Glencore at 252.39 $/mt c&f (May 10-20);
    • 60,000 MT of hard wheat from Glencore at 253.39 $/mt c&f (May 20-30);
    • 60,000 MT of hard wheat from Glencore at 253.39 $/mt c&f (June 1-10);
    • 60,000 MT of hard wheat from Glencore at 253.39 $/mt c&f (June 20-30).
  • Jizan:
    • 55,000 MT of hard wheat from Glencore at 245.39 $/mt c&f (June 10-20)

- Feb 21 - Taiwan Flour Millers' Association bought 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

- An Indonesian flour miller has bought 35,000 MT of Black Sea wheat at 235 $/mt c&f for July shipment, one of the first new-crop cargoes traded in Asia

- Feb 17 - Syria's Hoboob have made no purchase in a tender to buy 200,000 MT of Russian milling wheat for shipping within 60 days of the confirmation of the order

- US wheat export inspections for week, ending Feb 20, recorded 411,523 MT, within expectations (350-600 TMT). Inspections for 2019/20 are running 9.8% ahead of year-ago

- The USDA Outlook Forum estimated US 2020 wheat plantings at 45.0 million acres, up slightly from the average estimate of 44.9 million acres and vs. 45.2 million acres in 2019. Wheat production for the 2020/21 crop is expected at 1.836 billion bushels vs 1.92 billion bushels in 2019/20 with yield at 48.2 bpa vs 51.7 bpa in 2019/20. Ending stocks for 2020/21 are estimated at 777 million bushels vs average trade estimate of 829 million and compared to 940 million in 2019/20

- Ukraine's Ag Min said Ukraine exported about 39.478 MMT of grain between July 1-Feb 24, 2019/20 vs. 31.829 MMT for the same period of last year, including 16.35 MMT of wheat (12.374 MMT a year ago), 18.652 MMT of corn (15.556 MMT) and 3.986 MMT of barley (3.275 MMT)

- EU this season in period of July 1-Feb 23, 2019/20 exported 18.715 MMT of soft wheat compared to 11.389 MMT a year ago

- EU during Feb 7-14 awarded licenses to import 6,250 MT of Ukrainian wheat under an annual duty-free quota.  So the EU had now awarded 8.9% or 93,927 MT out of a total volume of 1,055,000 MT available in 2020

- FranceAgriMer estimated 65% of French soft wheat crops were in good/excellent condition by Feb 17, unchanged vs. week earlier, down compared to 85% a year earlier

CORN

- Feb 26 - Jordan seeks 120,000 MT of optional-origin feed barley for June-July shipment           

- Feb 21 - South Korea's Nonghyup Feed Inc. (NOFI) bought 135,000 MT of optional-origin corn:

  • 69,000 MT from Cargill: 35,000 MT at a flat price of 210.25 $/mt c&f and 34,000 MT at a premium of 149 US cents/bu c&f over the Chicago July contract for June 10 arrival
  • 66,000 MT from Pan Ocean at 211.25 $/mt c&f for June 20 arrival

- Feb 21 - South Korea's Feed Leaders Committee in a private deal purchased around 65,000 MT of corn likely from South America at 210.2 $/mt c&f for June 25 arrival. The country's Korea Feed Association also bought around 65,000 MT of corn for June in a private deal

- Feb 20 - Tunisia's state grains agency bought 75,000 MT of optional-origin feed barley for March 1-April 10 shipment:

  • 25,000 MT from Dreyfus at 205.67 $/mt c&f for Mar 5-15;
  • 25,000 MT from Glencore at 206.21 $/mt c&f for Mar 10-20;
  • 25,000 MT from Glencore at 206.56 $/mt c&f for April 1-10

- US corn export inspections for week, ending Feb 20, reported 912,922 MT, near the top end of expectations (600-950 TMT). Inspections for 2019/20 are running 47% behind of year-ago

- The USDA Outlook Forum estimated US 2020 corn plantings at 94.0 million acres, up slightly from the average estimate of 93.6 million acres and vs. 89.7 million acres in 2019. Corn production for the 2020/21 crop is expected at 15.460 billion bushels vs 13.692 billion bushels in 2019/20 with yield at 178.5 bpa vs 168.0 bpa in 2019/20. Ending stocks for 2020/21 are estimated at 2.637 billion bushels vs average trade estimate of 2.443 billion and compared to 1.892 billion in 2019/20

- EU this season in period of July 1-Feb 23, 2019/20 imported 13.993 MMT of corn (maize) vs. 15.679 MT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 exported 3.139 MMT of corn vs. 1.342 MMT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 exported 4.727 MMT of barley vs. 3.093 MMT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 exported 1.57 MT of malt in barley equivalent vs. 1.748 MT a year ago

- EU during Feb 7-14 awarded licenses to import 27,400 MT of Ukrainian barley under an annual duty-free quota.  So the EU had now awarded 6.7% or 43,911 MT out of a total volume of 655,000 MT available in 2020

- FranceAgriMer estimated 67% of French winter barley crops were in good/excellent condition by Feb 17, unchanged from prior week, down vs. 80% a year earlier. An estimated 20% of the spring barley area had been sown by Feb 17 vs. 21% a year ago

SOYBEAN

- Feb 24 - USDA announced export sales of 163,290 MT of US soybeans for delivery to Mexico during 2019/20

- Feb 20 - Egypt's GASC bought 60,000 MT of sunflower oil and 60,000 MT of soybean oil for April 10-30 arrival:

  • 30,000 MT of soybean oil from Hakan Agro at 767 $/mt c&f;
  • 30,000 MT of soybean oil from ADM at 767 $/mt c&f;
  • 60,000 MT of sunflower oil from Glencore at 748 $/mt c&f

- US soybean export inspections for week, ending Feb 20, reported 594,536 MT, below trade expectations (0.6-1.1 MMT). Inspections for the 2019/20 marketing year are running 15% ahead of year-ago

- The USDA Outlook Forum estimated US 2020 soybean plantings at 85.0 million acres, up slightly from the average estimate of 84.6 million acres and vs. 76.1 million acres in 2019. Soybean production for the 2020/21 crop is expected at 4.195 billion bushels vs 3.558 billion bushels in 2019/20 with yield at 49.8 bpa vs 47.4 bpa in 2019/20. Ending stocks for 2020/21 are estimated at 320 million bushels vs average trade estimate of 519 million and compared to 425 million in 2019/20

- India has issued import licences for 1.1 MMT of refined palmolein from Indonesia

- EU this season in period of July 1-Feb 23, 2019/20 imported 9.007 MMT of soybeans vs. 9.32 MMT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 imported 11.569 MMT of soymeal vs. 11.317 MMT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 imported 4.252 MMT of rapeseed vs. 2.915 MMT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 imported 607,814 MT of sunflowerseed vs. 327,946 MT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 imported 1.804 MMT of sunflower meal vs. 1.959 MMT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 imported 1.335 MMT of sunflower oil vs. 966,950 MT a year ago

- EU this season in period of July 1-Feb 23, 2019/20 imported 3.51 MMT of palm oil vs. 4.189 MMT a year ago