WHEAT

- Apr 14 - Egypt's GASC bought 120,000 MT of wheat from Russia:

  • 60,000 MT of Russian wheat from Agro AST at 249.45 $/mt c&f (239.95 fob+9.50 freight) for May 15-25 shipment;
  • 60,000 MT of Russian wheat from Grain Export at 252.5 $/mt c&f (243 fob+9.50 freight) for May 26-June 5 shipment

- Ethiopia again postponed a tender to buy 200,000 MT of milling wheat, now to April 30 instead of April 15

- Apr 13 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat and may re-tender on Apr 21

- Apr 13 - USDA announced export sales of 120,000 MT of US hard red winter wheat for delivery to unknown destination during 2019/20 (60,000 MT) and 2020/21 (60,000 MT)

- Apr 10 - USDA announced export sales of 165,000 MT of US hard red winter wheat for delivery to China during 2019/20 (55,000 MT) and 2020/21 (110,000 MT)

Apr 10 - Turkey's TMO bought 250,000 MT of red milling wheat for April 20-May 15 shipment:

  • 25,000 MT, 12.5%, from Hakan Agro at 239.5 $/mt c&f Derince;
  • 25,000 MT, 12.5%, from Ulusoy at 239.65 $/mt c&f Samsun;
  • 25,000 MT, 12.5%, from Hakan Agro at 242.4 $/mt c&f Bandirma;
  • 25,000 MT, 12.5%, from Hakan Agro at 243.2 $/mt c&f Tekirdag;
  • 30,000 MT, 12.5%, from Hakan Agro at 245.5 $/mt c&f Izmir;
  • 20,000 MT, 13.5%, from Hakan Agro at 245.95 $/mt c&f Trabzon;
  • 25,000 MT, 12.5%, from Aston at 246.4 $/mt c&f Iskenderun;
  • 50,000 MT, 12.5%, from Hakan Agro at 246.6 $/mt c&f Mersin;
  • 25,000 MT, 13.5%, from Aston at 250.4 $/mt c&f Iskenderun

- Apr 9 - Japan bought 128,760 MT of food wheat for June shipments:

  • 24,035 MT of western white US wheat;
  • 34,850 MT of hard red winter US wheat;
  • 34,995 MT of dark northern spring US wheat;
  • 34,880 MT of Australian standard white wheat

- Apr 8 - Japan bought 26,000 MT of feed wheat for September 24 arrival via SBS-tender

- Sudan's government will purchase 200,000 MT of wheat in a deal with the United Nations' world food programme

- US wheat export inspections for week, ending Apr 9, recorded 608,709 MT, topped expectations (300-500 TMT). Inspections for 2019/20 are running 7.6% ahead of year-ago

- USDA reports 62% of the winter wheat crop is in good to excellent condition as of April 12, unchanged from prior week, above last year's 60%, but in line with analyst expectations. USDA said spring wheat was 5% planted, as expected, above last year's 2% but behind the five-year average of 9%

- Ukraine's Ag Min said Ukraine exported about 47.7 MMT of grain between July 1-Apr 13, 2019/20 vs. 39.688 MMT for the same period of last year, including 18.197 MMT of wheat (13.724 MMT a year ago), 24.333 MMT of corn (21.866 MMT) and 4.5 MMT of barley (3.358 MMT)

- Russian farmers have sown 649,200 ha of spring wheat or 5.3% of planned area as of April 13 vs. 162,800 ha a year ago

- FranceAgriMer estimated 62% of French soft wheat crops were in good/excellent condition by April 6, unchanged from week earlier, but down compared to 83% a year earlier

- USDA raised forecast of global wheat ending stocks by 5.6 MMT to a record 292.78 MMT by the end of 2019/20, above the expectations (287.37 MMT – avg., 285.00-291.00 MMT – range)

CORN

- Apr 14 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley for Oct-Nov shipment

- Apr 10 - Saudi Arabia’s SAGO bought 600,000 MT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 198.63 $/mt c&f in 10 consignments for July-August shipment to the Red Sea ports (420 TMT) and the Gulf ports (180 TMT):

  • Red Sea Ports:
    • 60,000 MT from Holbud Limited at 196.49 $/mt c&f (July 1-15);
    • 60,000 MT from Holbud Limited at 197.42 $/mt c&f (July 1-15);
    • 60,000 MT from Nibulon SA at 196.30 $/mt c&f (July 1-15);
    • 60,000 MT from Holbud Limited at 193.65 $/mt c&f (July 15-31);
    • 60,000 MT from Holbud Limited at 194.50 $/mt c&f (July 15-31);
    • 60,000 MT from Holbud Limited at 195.00 $/mt c&f (July 15-31);
    • 60,000 MT from Holbud Limited at 192.87 $/mt c&f (Aug 1-15).
  • Gulf Ports:
    • 60,000 MT from Louis Dreyfus at 205.90 $/mt c&f (July 15-31);
    • 60,000 MT from Holbud Limited at 207.70 $/mt c&f (July 15-31);
    • 60,000 MT from Holbud Limited at 206.50 $/mt c&f (Aug 1-15)

- Apr 9 - South Korea's KOCOPIA bought 60,000 MT of Brazilian corn from Posco International at 196.50 $/mt c&f for Aug 5 arrival

- Apr 8 - Algeria's ONAB bought 40,000 MT of Argentine corn at around 194-195 $/mt c&f for May 1-15 shipment

- Apr 8 - Taiwan's MFIG bought 65,000 MT of Brazil corn from Posco at a premium of 149.7 USc/bushel c&f over the Chicago September corn contract (193 $/mt, c&f) for June-July shipment

- Apr 8 - South Korea's Major Feedmill Group (MFG) bought 138,000 MT of optional-origin corn in private deals: 68,000 MT from Pan Ocean at 181.49 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 5 arrival; and 70,000 MT from Cofco at 181.49 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Oct 25 arrival

- Apr 8 - South Korea's Feed Leaders Committee (FLC) in a private deal purchased 58,000 MT of corn from Glencore at 184.98 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Sept 10 arrival

US corn export inspections for week, ending Apr 9, reported 1,029,886 MT, within expectations (800-1200 TMT). Inspections for 2019/20 are running 36.2% behind of year-ago

- USDA said the US corn crop was 3% planted by April 12, in line with trade expectations and last-year’s level, but below the five-year average of 4%

- China's Ag Min raised its estimate for 2019/20 corn imports to 4 MMT, an increase of 1 MMT from the previous month (4.48 MMT in 2018/19)

- Conab raised its forecast of Brazil's 2019/20 corn crop to 101.868 MMT from 100.083 MMT in March (100.043 MMT last season). Conab upped forecast of corn exports by 500,000 MT to 34.5 MMT (41.173 MMT in 2018/19)

- EU during March 27-April 3 awarded licenses to import 750,000 MT of Ukrainian corn under an annual duty-free quota.  So the EU had now awarded 61.2% out of a total volume of 1,225,000 MT available in 2020

- Ukrainian farmers planted 855,000 ha of barley (75% of plan) and 346,600 ha of peas (87.4% of plan) as of April 9

- Ukrainian farmers have sown 290,200 ha of corn or 5.4% of planned area as of April 9

- Russian farmers have sown 2 million ha of spring barley or 25.8% of planned area as of April 13 vs. 1 million ha a year ago

- Russian farmers have sown 455,400 ha of corn or 16.7% of planned area as of April 13 vs. 139,600 ha a year ago

- FranceAgriMer estimated 61% of French winter barley crops were in good/excellent condition by April 6, down 1% point from prior week, and down vs. 79% a year earlier. An estimated 100% of the spring barley area had been sown by April 6

- USDA raised forecast of global corn ending stocks by 5.8 MMT to 303.17 MMT by the end of 2019/20, down 17.8 MMT from 2018/19 but above the expectations (298.50 MMT – avg., 293.00-301.00 MMT – range)

SOYBEAN

- Apr 10 - USDA announced export sales of 120,000 MT of US soybeans for delivery to unknown destinations during 2019/20 (60,000 MT) and 2020/21 (60,000 MT)

- US soybean export inspections for week, ending Apr 9, reported 442,024 MT, within trade expectations (300-500 TMT). Inspections for the 2019/20 marketing year are running 5.5% ahead of year-ago

- China's state stockpiler Sinograin has granted another 500,000 tonnes of soybeans from state reserves to the country's top state-owned crusher COFCO for commercial crushing

- China imported 4.278 MMT of soybeans in March, down 13% from the year before. For the first three months of 2020, imports rose to 17.792 MMT, up 6.2% from the same time a year ago

- China's imports of all vegetable oils in March was 469,000 MT down 19.3% on year. China's Jan-Mar vegetable oil imports fell 14% on year to 1.688 MMT

- Conab lowered forecast of Brazil's 2019/20 soy crop by 2.145 MMT to 122.06 MMT (115.03 MMT last season)

- USDA lowered forecast of global soybean ending stocks by 2 MMT to 100.46 MMT by the end of 2019/20, down 10.4 MMT from record level of 2018/19 and below the average expectation (101.1 MMT)

- India imported 941,218 MT of veg oils in March, down 32% from 1.393 MMT a year ago

- India imported 304,458 MT of crude palm oil in March vs. 489,770 MT a year ago. India's Nov-Mar 2019/20 imports totals 2.549 MMT vs. 2.912 MMT a year ago

- India imported 30,850 MT of RBD palmolein in March vs. 33,677 MT in February and vs. 312,673 MT a year ago. India's Nov-Mar 2019/20 imports totals 331,386 MT vs. 960,573 MT a year ago

- India imported 292,410 MT of soybean oil in March vs. 322,448 MT in February and vs. 292,925 MT a year ago. India's Nov-Mar 2019/20 imports totals 1.208 MMT vs. 988,345 MT a year ago

- India imported 296,501 MT of sunflower oil in March vs. 226,743 MT in February and vs. 297,887 MT a year ago. India's Nov-Mar 2019/20 imports totals 989,565 MT vs. 801,759 MT a year ago

- Russian farmers have sown 927,800 ha of sunflower or 11.4% of planned area as of April 13 vs. 344,900 ha a year ago

- Russian farmers have sown 40,300 ha of soybeans or 1.3% of planned area as of April 13 vs. 14,600 ha a year ago

- Ukrainian farmers have sown 861,800 ha of sunflower or 13.9% of planned area as of April 9

- Ukrainian farmers have sown 23,900 ha of soybeans or 1.6% of planned area as of April 9

- Malaysia will cut its crude palm oil export tax to 4.5% in May, down from 5% in April. Malaysia calculated a reference price of 2,460.89 MYR/mt for May