WHEAT

- Mar 11 - Algeria's OAIC bought about 680,000 MT of optional-origin milling wheat at around 226-227 $/mt c&f for May shipment

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

  • 25,000 MT from Ulusoy at 211.8 $/mt c&f Samsun;
  • 20,000 MT from Olam at 211.8 $/mt c&f Trabzon;
  • 25,000 MT from Aston at 223.8 $/mt c&f Derince;
  • 25,000 MT from Orsett at 225.05 $/mt c&f Bandirma;
  • 25,000 MT from Glencore at 226.75 $/mt c&f Tekirdag;
  • 25,000 MT from Solaris at 227.6 $/mt c&f Iskenderun;
  • 25,000 MT from GTCS at 227.8 $/mt c&f Derince;
  • 30,000 MT from Aston at 228.5 $/mt c&f Izmir;
  • 25,000 MT from Aston at 228.6 $/mt c&f Iskenderun;
  • 30,000 MT from GTCS at 228.85 $/mt c&f Izmir;
  • 25,000 MT from Cargill at 230.5 $/mt c&f Mersin;
  • 25,000 MT from Hakan Agro at 230.5 $/mt c&f Mersin

- Mar 11 - Tunisia's state grains agency bought 125,000 MT of optional-origin soft wheat:

  • 25,000 MT from Dreyfus at 222.34 $/mt c&f for May 20-30 shipment;
  • 25,000 MT from Dreyfus at 222.34 $/mt c&f for June 1-10 shipment;
  • 25,000 MT from Dreyfus at 217.84 $/mt c&f for June 10-20 shipment;
  • 25,000 MT from Dreyfus at 206.74 $/mt c&f for June 20-30 shipment;
  • 25,000 MT from Olam at 215.22 $/mt c&f for June 10-20 shipment

- Mar 11 - South Korea's Major Feedmill Group (MFG) purchased 68,000 MT of feed wheat from Louis Dreyfus at 209.9 $/mt c&f including a surcharge for additional port unloading for July 11-30 shipment

- Mar 10 - Jordan bought 60,000 MT of optional-origin hard milling wheat from Ameropa at 219 $/mt c&f for the first second of September shipment

- Weekly US wheat export sales data for week ended Mar 5 totaled 480,800 MT, incl. 452,300 MT for 2019/20, within market expectations (200-600 TMT). Export commitments for 2019/20 are running 3% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 42.943 MMT of grain between July 1-Mar 13, 2019/20 vs. 34.288 MMT for the same period of last year, including 16.987 MMT of wheat (12.772 MMT a year ago), 21.38 MMT of corn (17.603 MMT) and 4.066 MMT of barley (3.282 MMT)

- Strategie Grains raised its forecast of 2019/20 EU soft wheat exports to 31.2 MMT, up from its previous projection of 30.6 MMT in February

- Strategie Grains lowered its forecast of EU 2020 soft wheat crop to 136.7 MMT from 138.6 MMT previously (146.4 MMT in 2019)

- FranceAgriMer estimated 63% of French soft wheat crops were in good/excellent condition by Mar 9, down 1% point from week earlier, also down compared to 85% a year earlier

CORN

- Mar 13 - USDA announced export sales of 136,000 MT of US corn for delivery to South Korea during 2019/20

- Mar 13 - South Korea’s MFG is seeking up to 140,000 MT of corn for July arrival; the country’s KFA tendered for up to 69,000 MT of corn for August arrival

- Mar 11 - Jordan bought 120,000 MT of optional-origin feed barley from Ameropa at 198 $/mt c&f for shipment in the first and second half of June

- Mar 11 - Tunisia's state grains agency bought 75,000 MT of optional-origin feed barley:

  • 25,000 MT from Cargill at 189.8 $/mt c&f for June 20-30 shipment;
  • 25,000 MT from Agro Commodities at 189.25 $/mt c&f for July 20-30 shipment;
  • 25,000 MT from Cargill at 192.8 $/mt c&f for August 20-30 shipment

- Mar 11 - 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 18

- Mar 9 - South Korea's Major Feedmill Group (MFG) bought 131,000 MT of optional-origin corn in two consignments: 66,000 MT at 204.5 $/mt c&f from Pan Ocean for July 8 arrival; and 65,000 MT at 207.01 $/mt c&f from Posco for July 15 arrival

- Mar 9 - South Korea Feed Association (KFA) in a private deal purchased 65,000 MT of optional-origin corn from Pan Ocean at 205 $/mt c&f for July 10 arrival

- Weekly US corn export sales data for week ended Mar 5 totaled 1,599,300 MT, incl. 1,471,200 MT for 2019/20 topped expectations (800-1200 TMT). Export commitments for 2019/20 are running 31% behind of year-ago

- Conab lowered its forecast of Brazil's 2019/20 corn crop to 100.083 MMT from 100.586 MMT in February (100.043 MMT last season). Conab kept forecast of corn exports at 34 MMT (41.173 MMT in 2018/19)

- FranceAgriMer estimated 63% of French winter barley crops were in good/excellent condition by Mar 9, down 2% points from prior week, and down vs. 81% a year earlier. An estimated 34% of the spring barley area had been sown by Mar 9 vs. 96% a year ago

SOYBEAN

- Mar 11 - USDA announced export sales of 194,000 MT of US soybeans for delivery to unknown destinations during 2019/20 (126,000 MT) and 2020/21 (68,000 MT)

- Mar 10 - USDA announced export sales of 123,000 MT of US soybeans for delivery to unknown destinations during 2019/20

- Mar 9 - USDA announced export sales of 123,500 MT of US soybeans for delivery to unknown destinations during 2019/20

- Weekly US soybeans export sales data for week ended Mar 5 totaled 304,200 MT, incl. 302,800 MT for 2019/20, below expectations (400-800 TMT). Export commitments for 2019/20 are running 16% behind of year-ago

- Weekly US soymeal export sales data for week ended Mar 5 of 171,900 MT, incl. 171,800 MT for 2019/20 within expectations (125-400 TMT). Export commitments for 2019/20 are running 7% behind of year-ago

- USDA lifted forecast of global soybean ending stocks by 3.58 MMT to 102.44 MMT by the end of 2019/20, down 9.44 MMT from record level of 2018/19 but above the average expectation (99.33 MMT)

- Conab raised forecast of Brazil's 2019/20 soy output by 955,200 MT to 124.205 MMT (115.03 MMT last season)

- Rosario grain exchange cut its forecast for Argentine 2019/20 soy harvest to 51.5 MMT from 55 MMT previously

- Buenos Aires Grains Exchange lowered its forecast of Argentine 2019/20 soybean production to 52 MMT from 54.5 MMT previously (55.1 MMT in 2018/19)           

- China imported 13.514 MMT of soybeans in January-February 2020, up 14.2% from the same time a year ago

- China's imports of all vegetable oils in January-February 2020 was 1.219 MMT, down 11.8% on year

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Mar 1-10 palm oil exports at 351,874 MT down 3.5% from a month ago

- Surveyor SGS estimated Malaysia's Mar 1-10 palm oil exports at 335,086 MT up 3.6% from a month ago

- MPOB estimated Malaysian crude palm oil production in Feb at 1.289 MMT, slightly above the average expectation of 1.28 MMT and up 10% from 1.172 MMT in Jan. Malaysia's palm oil stocks at end of Feb fell 4.2% from the previous month to 1.682 MMT, the lowest since June 2017, below the average market expectation of 1.731 MMT. Malaysian Feb palm oil exports fell by 10.8% to 1.082 MMT, slightly above the average expectation of 1.075 MMT

- India imported 1.112 MMT of veg oils (edible & non-edible) in February vs. 1.196 MMT in January, down 10.5% from 1.243 MMT a year ago

- India imported 488,354 MT of crude palm oil in February vs. 529,053 MT in January and vs. 497,655 MT a year ago. India's Nov-Feb 2019/20 imports totals 2.19 MMT vs. 2.382 MMT a year ago

- India imported 33,677 MT of RBD palmolein in February vs. 49,634 MT in January and vs. 241,101 MT a year ago. India's Nov-Feb 2019/20 imports totals 300,536 MT vs. 647,900 MT a year ago

- India imported 322,448 MT of soybean oil in February vs. 260,650 MT in January and vs. 220,376 MT a year ago. India's Nov-Feb 2019/20 imports totals 915,896 MT vs. 695,420 MT a year ago

- India imported 226,743 MT of sunflower oil in February vs. 301,669 MT in January and vs. 200,358 MT a year ago. India's Nov-Feb 2019/20 imports totals 989,565 MT vs. 801,759 MT a year ago

- India's stock of edible oils at various ports and in pipelines as of March 1, 2020 fell to 1.53 MMT from 1.735 MMT a month ago, down vs. last year's 2.195 MMT. India's monthly requirement is about 1.9 MMT