WHEAT

- Mar 27 - Turkey's TMO seeks 200,000 MT of red milling wheat for April 7-27 shipment

- Mar 24 - Algeria's OAIC seeks at least 50,000 MT of optional-origin milling wheat for May shipment. Tender deadline is Mar 24, with offers remaining valid up to Mar 25

- Mar 23 - An importer in Thailand bought about 60,000 MT of feed wheat from Agrocorp at 214.9 $/mt c&f for September shipment; another importer bought about 60,000 MT of feed wheat at 210.5 $/mt c&f for August shipment            

- Mar 20 - USDA announced export sales of 340,000 MT of US hard red winter wheat for delivery to China during 2019/20 (55,000 MT) and 2020/21(285,000 MT)

- Mar 18 - South Korean flour mills bought about 136,700 MT of US milling wheat:

  • CJ Cheiljedang bought 55,000 MT from Marubeni for June 20-July 20 shipment:
    • 22,980 MT of soft white wheat (10.5% protein) at 216.57 $/mt fob;
    • 2,070 MT of soft white wheat (8.5% protein) at 233.12 $/mt fob;
    • 14,730 MT of hard red winter wheat (11.5% protein) at 229.90 $/mt fob;
    • 15,220 MT of northern spring wheat (14% protein) at 248.20 $/mt fob.
  • Daehan Flour Mill bought 55,000 MT from ADM for July 10-Aug 10 shipment:
    • 22,950 MT of soft white wheat (10.5% protein) at 215.40 $/mt fob;
    • 1,950 MT of soft white wheat (8.5% protein) at 235.98 $/mt fob;
    • 13,350 MT of hard red winter wheat (11.5% protein) at 230.35 $/mt fob;
    • 16,750 MT of northern spring wheat (14% protein) at 249.83 $/mt fob.
  • Samyang bought 26,700 MT from ADM for Aug 5-Sept 5 shipment:
    • 9,500 MT of soft white wheat (10.5% protein) at 214.49 $/mt fob;
    • 1,200 MT of soft white wheat (8.5% protein) at 236.17 $/mt fob;
    • 6,000 MT of hard red winter wheat (11.5% protein) at 226.55 $/mt fob;
    • 10,000 MT of northern spring wheat (14% protein) at 248.23 $/mt fob

- US wheat export inspections for week, ending Mar 19, recorded 349,369 MT, below expectations (350-600 TMT). Inspections for 2019/20 are running 9.2% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 44.19 MMT of grain between July 1-Mar 23, 2019/20 vs. 36.266 MMT for the same period of last year, including 17.421 MMT of wheat (13.148 MMT a year ago), 22.029 MMT of corn (19.194 MMT) and 4.218 MMT of barley (3.29 MMT)

- Ukrainian grain stocks were at 17.883 MMT as of March 1, down 14.1% from a year earlier, incl. 4.986 MMT of wheat (5.397 MMT a year ago), 1.581 MMT of barley (1.155 MMT a year ago) and 10.677 MMT of corn (13.638 MMT a year ago). The data does not include grain stored at small farms

- EU this season in period of July 1-March 22, 2019/20 exported 23.209 MMT of soft wheat compared to 13.501 MMT a year ago

- MARS forecasts that average soft wheat yield in the EU would fall 2.1% this year to 5.88 mt/ha from 6.01 mt/ha in 2019 but 1.9% above the five-year mean

- FranceAgriMer estimated 63% of French soft wheat crops were in good/excellent condition by Mar 16, unchanged vs. week earlier, down compared to 85% a year earlier

- Saudi Arabia's state grain buyer SAGO has enough flour to cover all of the country's local needs. Saudi Arabia has 81,000 MT of flour in storage

- Egypt has set a local wheat procurement price of 700 Egyptian pounds ($44.59) per ardeb (150 kg) before the harvest starts next month. The government aim to procure around 3.6 MMT of local wheat from the harvest

- Russia suspended exports of buckwheat and some other processed grains for 10 days beginning on March 20

CORN

- Mar 20 - Saudi Arabia’s SAGO bought 1,200,000 MT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 201.04 $/mt c&f in 20 consignments for May-June shipment to the Red Sea ports (840 TMT) and the Gulf ports (360 TMT):

  • Red Sea Ports:
    • 60,000 MT from Holbud Limited at 201.98 $/mt c&f (May 1-15);
    • 60,000 MT from Holbud Limited at 202.89 $/mt c&f (May 1-15);
    • 60,000 MT from LLC Trade House at 200.00 $/mt c&f (May 15-30);
    • 60,000 MT from Holbud Limited at 203.23 $/mt c&f (May 15-30);
    • 60,000 MT from Holbud Limited at 204.00 $/mt c&f (May 15-30);
    • 60,000 MT from Glencore at 195.58 $/mt c&f (June 1-15);
    • 60,000 MT from Glencore at 196.58 $/mt c&f (June 1-15);
    • 60,000 MT from ADM Hellas at 189.03 $/mt c&f (June 15-30);
    • 60,000 MT from Glencore at 189.47 $/mt c&f (June 15-30);
    • 60,000 MT from Glencore at 190.74 $/mt c&f (June 15-30);
    • 60,000 MT from ADM Hellas at 191.44 $/mt c&f (June 15-30);
    • 60,000 MT from Holbud Limited at 198.88 $/mt c&f (June 15-30);
    • 60,000 MT from Ameropa at 199.00 $/mt c&f (June 15-30);
    • 60,000 MT from Holbud Limited at 199.65 $/mt c&f (June 15-30).
  • Gulf Ports:
    • 60,000 MT from Solaris at 208.02 $/mt c&f (May 1-15);
    • 60,000 MT from Holbud Limited at 212.00 $/mt c&f (May 1-15);
    • 60,000 MT from Holbud Limited at 211.42 $/mt c&f (May 15-30);
    • 60,000 MT from Glencore at 210.58 $/mt c&f (June 1-15);
    • 60,000 MT from Holbud Limited at 212.48 $/mt c&f (June 1-15);
    • 60,000 MT from Glencore at 203.74 $/mt c&f (June 15-30)

- Mar 20 - USDA announced export sales of 756,000 MT of US corn for delivery to China during 2019/20

- Mar 19 - South Korea's Feed Leaders Committee (FLC) bought 134,000 MT of optional-origin corn in two consignments:

  • 65,000 MT from CHS at 192.41 $/mt c&f for August 10 arrival;
  • 69,000 MT from Glencore at 191.20 $/mt c&f for August 25 arrival

- Mar 19 - South Korea Feed Association (KFA) bought 60,000 MT of optional-origin corn from Ameropa at 190.99 $/mt c&f + 1.00 $/mt surcharge for additional port unloading for September 5 arrival

- US corn export inspections for week, ending Mar 19, reported 816,634 MT, within expectations (700-1050 TMT). Inspections for 2019/20 are running 41.1% behind of year-ago

- EU this season in period of July 1-Mar 22, 2019/20 imported 15.408 MMT of corn (maize) vs. 17.749 MT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 exported 3.742 MMT of corn vs. 1.743 MMT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 exported 5.236 MMT of barley vs. 3.297 MMT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 exported 1.997 MT of malt in barley equivalent vs. 1.957 MT a year ago

- MARS expects EU’s winter barley yield at 5.91 mt/ha, down 3.4% from 2019 (6.11 mt/ha) but 2.8% above the five-year average

- FranceAgriMer estimated 62% of French winter barley crops were in good/excellent condition by Mar 16, down 1% point from prior week, and down vs. 81% a year earlier. An estimated 40% of the spring barley area had been sown by Mar 16 vs. 97% a year ago

SOYBEAN

- Mar 20 - USDA announced export sales of 110,000 MT of US soybeans for delivery to unknown destinations during 2019/20

- Mar 19 - Egypt's GASC bought 60,000 MT of sunflower oil and 60,000 MT of soybean oil:

  • 30,000 MT of soybean oil from Hakan Agro at 634.5 $/mt c&f for May 20-June 10 arrival;
  • 30,000 MT of soybean oil from Hakan Agro at 634.5 $/mt c&f for June 15-July 5 arrival;
  • 60,000 MT of sunflower oil from Glencore at 676.5 $/mt c&f for May 20-June 10 arrival

- US soybean export inspections for week, ending Mar 19, reported 570,642 MT, within trade expectations (450-650 TMT). Inspections for the 2019/20 marketing year are running 9.2% ahead of year-ago

- EU this season in period of July 1-Mar 22, 2019/20 imported 10.213 MMT of soybeans vs. 10.591 MMT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 imported 12.816 MMT of soymeal vs. 12.641 MMT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 imported 4.754 MMT of rapeseed vs. 3.27 MMT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 imported 732,716 MT of sunflowerseed vs. 360,222 MT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 imported 2.183 MMT of sunflower meal vs. 2.237 MMT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 imported 1.618 MMT of sunflower oil vs. 1.161 MMT a year ago

- EU this season in period of July 1-Mar 22, 2019/20 imported 4.025 MMT of palm oil vs. 4.698 MMT a year ago

- Ukrainian sunflower stocks were at 5.269 MMT as of March 1, up 7.6% from a year earlier (4.898 MMT). The data does not include grain stored at small farms

- MARS expects EU’s rapeseed yield at 3.18 mt/ha, up 6.8% from 2019 (2.98 mt/ha) and 3% above the five-year average