WHEAT

- Apr 1 - Tunisia's state grains agency seeks 75,000 MT of optional-origin durum wheat

- Ethiopia has postponed the deadline for offer submissions in an international tender to buy about 200,000 MT of milling wheat to April 15 instead of April 1

- UN aid agency recently purchased around 70,000 MT of wheat, likely from Romania and Ukraine, for donation to Ethiopia for June-July delivery

- Mar 27 - Turkey's TMO bought 175,000 MT of red milling wheat (13.5%) for April 7-27 shipment:

  • 20,000 MT from Hakan Agro at 237 $/mt c&f Trabzon;
  • 25,000 MT from Mova Trade at 239.85 $/mt c&f Samsun;
  • 30,000 MT from GTCS at 245 $/mt c&f Izmir;
  • 25,000 MT from Aston at 249.65 $/mt c&f Tekirdag;
  • 25,000 MT from Hakan Agro at 254.9 $/mt c&f Derince;
  • 25,000 MT from Aston at 255.8 $/mt c&f Iskenderun;
  • 25,000 MT from Hakan Agro at 255.9 $/mt c&f Mersin

- Mar 27 - Taiwan Flour Millers' Association bought 99,450 MT of US milling wheat from ADM and CHS in two consignments:

  • 48,600 MT for May 13-27 shipment:
    • 26,900 MT of dark northern spring wheat (14.5% protein) at 273.80 $/mt fob;
    • 16,850 MT of hard red winter wheat (12.5% protein) at 255.54 $/mt fob;
    • 4,850 MT of soft white wheat (9% protein) at 241.78 $/mt fob.
  • 50,850 MT for May 29-June 12 shipment:
    • 28,000 MT of dark northern spring wheat (14.5% protein) at 258.94 $/mt fob;
    • 18,000 MT of hard red winter wheat (12.5% protein) at 254.11 $/mt fob;
    • 4,850 MT of soft white wheat (9% protein) at 234.15 $/mt fob

- Mar 26 - An importer in the Philippines is believed to have made no purchase in a tender for around 50,000 MT of both animal feed wheat (30,000 MT) and milling wheat (20,000 MT) for May shipment, due to too high prices

- Mar 25 - South Korea's Major Feedmill Group (MFG) rejected all offers and made no purchase in a tender for about 68,000 MT of feed wheat for Oct 10 arrival. The lowest offer was 213.65 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading

- Mar 24 - Algeria's OAIC bought about 240,000 MT of optional-origin milling wheat at around 242.5-243 $/mt c&f for June shipment

- US wheat export inspections for week, ending Mar 26, recorded 363,881 MT, below expectations (300-600 TMT). Inspections for 2019/20 are running 8.5% ahead of year-ago

- Weekly US wheat export sales data for week ended Mar 19 totaled 1,106,400 MT, incl. 740,000 MT for 2019/20, topped market expectations (200-500 TMT). Export commitments for 2019/20 are running 4% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 45.409 MMT of grain between July 1-Mar 30, 2019/20 vs. 37.585 MMT for the same period of last year, including 17.815 MMT of wheat (13.441 MMT a year ago), 22.785 MMT of corn (20.151 MMT) and 4.284 MMT of barley (3.346 MMT)

- Ukraine's economy ministry has proposed that grain traders limit wheat exports for the July 2019-June 2020 season to 20.2 MMT

- China imported 680,000 MT of wheat in January-February 2020, down 8.9% from the same time a year ago

- Saudi Arabia's strategic reserves of wheat exceed 1 MMT and the country plans to start importing at least 1.2 MMT more as of next month

- Morocco will extend its suspension of customs duty on soft wheat for a further 45 days to June 15 and will halt the duty on durum, lentils, chickpeas, beans and broad beans starting April 1

- Russia has cancelled its temporary export restrictions on processed grains (groats). But plans a quota for Russian grain (wheat, corn, barley, ets.) exports at 7 MMT for April-June period

- SAGIS estimated S. Africa's February wheat imports at 154,875 MT vs. 101,831 MT in January. Oct-Feb 2019/20 imports rose 92.3% on year to 693,360 MT (360,577 MT in Oct-Feb 2018/19)

- Iraq needs to import one million tonnes of wheat and 250,000 MT of rice for its food rationing programme and to boost strategic stocks in the coming months

- FranceAgriMer estimated 63% of French soft wheat crops were in good/excellent condition by Mar 23, unchanged vs. week earlier, down compared to 85% a year earlier

- IGC forecasts 2020/21 world wheat production at 768.5 MMT, up from the prior season's 763.2 MMT and above consumption which was seen at 760 MMT. Wheat stocks are predicted at an all-time high of 283.2 MMT, up from 274.7 MMT in 2019/20

CORN

- Apr 1 - Algerian’s ONAB seeks 40,000 MT of optional-origin corn for Apr 20-May 5 shipment

- Importers in Vietnam recently bought at least 55,000 MT of Ukrainian corn at about 204-205 $/mt c&f

- Mar 31 - USDA announced export sales of 113,000 MT of US corn for delivery to Japan during 2019/20

- Mar 27 - USDA announced export sales of 114,048 MT of US corn for delivery to unknown destinations during 2019/20

- Mar 25 - USDA announced export sales of 138,000 MT of US corn for delivery to unknown destinations during 2019/20

- USDA forecasted US corn plantings for 2020 at 96.990 million acres, up 8% from 2019 and above trade expectations (92.500-96.400 mln acres – range)

- USDA pegged US March 1 corn stocks at 7.953 billion bushels, down from 8.613 billion a year ago, and below an average of analyst estimates of 8.125 billion

- US corn export inspections for week, ending Mar 26, reported 1,269,074 MT, topped expectations (700-1000 TMT). Inspections for 2019/20 are running 39.1% behind of year-ago

- Weekly US corn export sales data for week ended Mar 19 totaled 1,897,200 MT, incl. 1,814,300 MT for 2019/20 topped expectations (900-1800 TMT). Export commitments for 2019/20 are running 28% behind of year-ago   

- China imported 930,000 MT of corn in January-February 2020, up 64.7% from the same time a year ago

- China imported 740,000 MT of barley in January-February 2020, down 50.9% from the same time a year ago. Sorghum imports in in January-February 2020 totals 300,000 MT

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 14.809 MMT from 14.56 MMT last month, in line with expectations (14.959 MMT – avg., 14.5-15.4 MMT –range). It would be 31.3% more than last year (11.275 MMT in 2019)

- SAGIS estimated South Africa's corn stocks as of February 29 were at 2.928 MMT vs. 4.215 MMT a year ago

- SAGIS estimated S. Africa’s February corn imports at 25,442 MT; May-Feb 2019/20 imports rose 840.1% on year to 477,671 MT (50,812 MT in May-Feb 2018/19)

- SAGIS estimated S. Africa's February corn exports at 191,771 MT; May-Feb 2019/20 exports totals 1.397 MMT down 34% on year (2.116 MMT in May-Feb 2018/19)

- Ukrainian farmers planted 1.008 million ha of spring crops as of March 26, thereof 589,070 ha of barley and 273,400 ha of peas

- FranceAgriMer estimated 63% of French winter barley crops were in good/excellent condition by Mar 23, up 1% point from prior week, but down vs. 81% a year earlier. An estimated 72% of the spring barley area had been sown by Mar 23 vs. 97% a year ago

- IGC forecasts growth of global corn production in 2020/21 to 1.157 billion tonnes (BMT), up from the prior season's 1.116 BMT, but still below consumption of 1.173 billion. Corn stocks are predicted at 274 MMT, down from 289.3 MMT in 2019/20

SOYBEAN

- Apr 5 - Egypt's GASC seeks local soyoil and sunflower oil in tender for May 1-25 arrival

- Mar 30 - USDA announced export sales of 285,000 MT of US soybeans for delivery to Mexico during 2020/21

- Mar 27 - USDA announced export sales of 163,290 MT of US soybeans for delivery to Mexico during 2019/20

- Mar 25 - USDA announced export sales of 20,000 MT of US soybean oil for delivery to South Korea during 2019/20

- US soybean export inspections for week, ending Mar 26, reported 413,957 MT, near the low end of trade expectations (400-700 TMT). Inspections for the 2019/20 marketing year are running 7.9% ahead of year-ago

- Weekly US soybeans export sales data for week ended Mar 19 totaled 904,800 MT, incl. 904,300 MT for 2019/20, topped expectations (400-800 TMT). Export commitments for 2019/20 are running 14% behind of year-ago

- Weekly US soymeal export sales data for week ended Mar 19 of 267,200 MT, incl. 251,200 MT for 2019/20 within expectations (100-350 TMT). Export commitments for 2019/20 are running 5% behind of year-ago

- CEC raised its forecast of S. Africa’s 2020 soybean crop to 1.269 MMT from 1.243 MMT previously, up 8.5% from 1.17 MMT in 2019

- CEC upped forecast of S. Africa’s 2020 sunflower crop to 731,210 MT from 699,130 MT previously, up 7.8% from 678,000 MT in 2019

- Strategie Grains lowered its forecast of rapeseed production in the EU this year to 17.59 MMT from 17.85 MMT previously (16.89 MMT in 2019)

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Mar 1-31 palm oil exports at 1,156,342 MT up 6.9% from a month ago

- Indonesia lowered their April crude palm oil export tax to zero, down from the $3 in March.  The government crude palm oil reference price for April was 653.76 $/mt