WHEAT

- April 7 - Ethiopia seeks around 400,000 MT of optional-origin milling wheat

- Mar 11 - Turkey's TMO seeks 305,000 MT of red milling wheat for March 20-April 7 shipment

- Mar 10 - Jordan seeks 120,000 MT of optional-origin hard milling wheat for Sept 16-Nov 15 shipment. Jordan made no purchase in its previous wheat tender on Mar 3

- Mar 5 - Tunisia's state grains agency bought 117,000 MT of optional-origin soft wheat:

  • 25,000 MT from Bunge at 227.19 $/mt c&f for March 20-30 shipment;
  • 92,000 MT from Casillo at 230.98 $/mt c&f for April 20-May 20 shipment

- Mar 5 - Thai Feed Mill Association (TFMA) in Thailand purchased about 120,000 MT of optional-origin feed wheat, probably from the Black Sea region, in two consignments at 211-212 $/mt c&f for July shipment

- Mar 5 - Morocco's ONICL received no offers in a tender to import up to 354,000 MT of US-origin durum wheat for arrival by May 31 as part of a reduced-tariff import quota tender

- Mar 4 - Japan bought 117,389 MT of food wheat for Apr-May shipments:

  • 13,095 MT of western white US wheat;
  • 21,730 MT of hard red winter US wheat;
  • 24,590 MT of dark northern spring US wheat;
  • 33,949 MT of Canadian western red spring wheat;
  • 24,025 MT of Australian standard white wheat

- Mar 3 - Flour millers in South Korea bought 85,000 MT of US milling wheat:

  • Daehan bought 55,000 MT from Columbia Grain for June 1-30 shipment:
    • 28,260 MT of soft white wheat (10.5% protein) at 219.33 $/mt fob;
    • 1,930 MT of soft white wheat (8.5% protein) at 224.48 $/mt fob;
    • 10,420 MT of hard red winter wheat (11.5% protein) at 225.31 $/mt fob;
    • 14,390 MT of northern spring wheat (14% protein) at 249.49 $/mt fob.
  • Sajodongaone bought 30,000 MT from Bunge for July 5-Aug 5 shipment:
    • 9,000 MT of soft white wheat (10.5% protein) at 219.41 $/mt fob;
    • 1,000 MT of soft white wheat (8.5% protein) at 226.04 $/mt fob;
    • 9,500 MT of hard red winter wheat (11.5% protein) at 226.49 $/mt fob;
    • 10,500 MT of northern spring wheat (14% protein) at 246.24 $/mt fob

- Mar 2 - A buyer in Thailand bought 60,000 MT of feed wheat, probably from Black Sea region, at 213.5 $/mt c&f liner out for July shipment

- Weekly US wheat export sales data for week ended Feb 27 totaled 570,400 MT, incl. 542,400 MT for 2019/20, within market expectations (350-600 TMT). Export commitments for 2019/20 are running 2% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 41.698 MMT of grain between July 1-Mar 6, 2019/20 vs. 33.576 MMT for the same period of last year, including 16.741 MMT of wheat (12.707 MMT a year ago), 20.42 MMT of corn (16.961 MMT) and 4.043 MMT of barley (3.282 MMT)

- ABARES forecasts 2020/21 Australian wheat crop at 21.352 MMT, up 40.8% from 15.165 MMT in 2019/20. Exports are seen at 12.44 MMT vs. 9.559 MMT in 2019/20

- FranceAgriMer estimated 64% of French soft wheat crops were in good/excellent condition by Mar 2, unchanged vs. week earlier, down compared to 86% a year earlier

CORN

- Mar 11 - Jordan seeks 120,000 MT of optional-origin feed barley for June 1-Aug 15 shipment

- Mar 6 - USDA announced export sales of 446,024 MT of US corn for delivery during the 2019/20 to Japan (234,688 MT) and unknown destinations (211,336 MT)

- Mar 6 - South Korea Feed Association (KFA) in a private deal purchased 65,000 MT of South American corn from Bunge at 207.95 $/mt c&f for June shipment           

- Mar 5 - Taiwan's MFIG bought 65,000 MT of Argentina corn at a premium of 156.8 USc/bushel c&f over the Chicago July 2020 corn contract (about 212.8 $/mt, c&f) for May-June shipment          

- Mar 5 - Tunisia's state grains agency bought 50,000 MT of optional-origin feed barley:

  • 25,000 MT from Dreyfus at 200.12 $/mt c&f for May 5-15 shipment;
  • 25,000 MT from Hakan at 200.45 $/mt c&f for May 25-June 5 shipment

- Mar 4 - Jordan bought 60,000 MT of optional-origin feed barley from GTCS at 198.75 $/mt c&f for shipment in the second half of July

- Mar 4 - USDA announced export sales of 110,000 MT of US grain sorghum for delivery to China during 2019/20

- Mar 4 - 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 Mar 11         

- Mar 3 - South Korea's Major Feedmill Group (MFG) bought 131,000 MT of optional-origin corn in two consignments: 65,000 MT at 207.25 $/mt c&f from ADM for June arrival; and 66,000 MT at 207.5 $/mt c&f from Pan Ocean for July arrival

- Mar 3 - South Korea Feed Association (KFA) rejected all offers in tender to buy 68,000 MT of corn for July 20 arrival, citing on too high prices. The lowest offer in the tender was at 208.98 $/mt c&f

- Weekly US corn export sales data for week ended Feb 27 totaled 869,200 MT, incl. 769,200 MT for 2019/20 within expectations (700-1200 TMT). Export commitments for 2019/20 are running 34% behind of year-ago

- FCStone raised its estimate Brazilian 2019/20 all-corn crop to a record 101.1 MMT from 100.5 MMT previously

- ABARES forecasts 2020/21 Australian barley crop at 9.1 MMT, up 2.8% from 8.851 MMT in 2019/20

- ABARES forecasts 2020/21 Australian sorghum crop at 1.4 MMT, up 379.5% from 292,000 MT in 2019/20

- FranceAgriMer estimated 65% of French winter barley crops were in good/excellent condition by Mar 2, down 1% point from prior week, and down vs. 80% a year earlier. An estimated 33% of the spring barley area had been sown by Mar 2 vs. 88% a year ago

- Brazil’s Trade Ministry reported February corn exports at 346,351 MT, down from 2.294 MMT in January and down vs. 1.598 MMT in the year-ago month

SOYBEAN

- Mar 4 - Egypt's GASC bought 16,000 MT of sunflower oil and 60,000 MT of soybean oil for May 1-20 arrival:

  • 30,000 MT of soybean oil from Hakan Agro at 720 $/mt c&f;
  • 30,000 MT of soybean oil from Louis Dreyfus at 720 $/mt c&f;
  • 16,000 MT of sunflower oil from Aston at 734 $/mt c&f

- Weekly US soybeans export sales data for week ended Feb 27 totaled 346,400 MT, incl. 345,000 MT for 2019/20, below expectations (500-1000 TMT). Export commitments for 2019/20 are running 13% behind of year-ago             

- Weekly US soymeal export sales data for week ended Feb 27 of 321,600 MT, incl. 316,700 MT for 2019/20 within expectations (225-400 TMT). Export commitments for 2019/20 are running 6% behind of year-ago

- Mar 5 - Argentina increased export levies on soybeans, soymeal and soyoil to 33% from 30%

- FCStone raised its 2019/20 Brazilian soybean crop estimate to 124.2 MMT from 124 MMT previously forecasted

- Informa Economics forecast Brazil's 2019/20 soybean production at 128 MMT

- Informa Economics forecast Argentina's 2019/20 soybean production at 55 MMT

- Brazil’s Trade Ministry reported February soybean exports at 5.116 MMT, up from 1.488 MMT in January but down vs. 5.267 MMT a year ago. Also Brazil exported 770,613 MT of soymeal in February versus 1.057 MMT the month before and 904,607 MT a year ago; and 60,350 MT of soyoil compared to 12,623 MT in January and 36,129 MT a year ago

- Strategie Grains lowered its forecast of rapeseed production in the EU this year to 17.85 MMT from 18.05 MMT previously (16.89 MMT in 2019)     

- ABARES forecasts 2020/21 Australian canola crop at 2.631 MMT, up 13% from 2.329 MMT in 2019/20. Exports are seen at 1.789 MMT vs. 1.476 MMT in 2019/20