WHEAT

- May 28 - Jordan has again made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat for October-November shipment. Jordan made also no purchase in its previous tender on May 19

- May 28 - Japan bought 112,109 MT of food wheat for July shipments:

  • 20,267 MT of western white US wheat;
  • 23,045 MT of hard red winter US wheat;
  • 22,394 MT of dark northern spring US wheat;
  • 20,453 MT of Canadian western red spring wheat;
  • 25,950 MT of Australian standard white wheat

- May 22 - Japan bought 110,573 MT of food wheat for July shipments:

  • 20,465 MT of western white US wheat;
  • 40,660 MT of hard red winter US wheat;
  • 6,316 MT of dark northern spring US wheat;
  • 20,032 MT of Canadian western red spring wheat;
  • 23,100 MT of Australian standard white wheat

- May 22 - Philippines importers bought about 56,000 MT of feed wheat at around 215 $/mt c&f for July 26-August 30 shipment

- May 21 - South Korea's DongAOne bought 35,000 MT of US wheat from United Grain Corp for Aug 25-Sept 25 shipment:

  • 10,700 MT of soft white, max 10.5% protein, at 217.15 $/mt fob;
  • 1,300 MT of soft white, max 8.5% protein, at 229.72 $/mt fob;
  • 11,200 MT of hard red winter, min 11.5% protein, at 221.45 $/mt fob;
  • 11,800 MT of (dark) northern spring, min 14% protein, at 235.39 $/mt fob

- Ethiopia bought 400,000 MT of wheat in tender which closed on April 29 from Martina Mertens (at prices around 215.64 $/mt fob or 258.15 $/mt c&f including 180 days credit financing for delayed payment and shipment costs) and Olam International (at 206.95 $/mt fob or 251.70 $/mt c&f). Also they bought 200,000 MT of wheat in tender which closed on April 30 from Gemcorp: 100,000 MT at 198.00 $/mt fob+6.42 $/mt credit financing for a 180-day payment delay and 100,000 MT at 196.00 $/mt FOB+6.33 $/mt credit financing

- IGC raised its forecast of 2020/21 world wheat production by 2 MMT to 766 MMT, up from the prior season's 762 MMT and above consumption which was seen at 750 MMT. Wheat stocks are predicted at an all-time high of 290 MMT, up from 274 MMT in 2019/20

- IKAR lowered its 2020 Russian wheat crop outlook to 75.6 MMT from 76.2 MMT previously

- Russia’s Ag Min cut forecast of the country’s 2020 grain crop by 5.3 MMT to 120.0 MMT (121.2 MMT in 2019)

- European Commission (EC) raised forecast of EU soft wheat exports to 32.5 MMT in 2019/20 (22.368 MMT in 2018/19). EC lowered its outlook for EU common wheat exports in 2020/21 to 26.5 MMT from 28 MMT previously. They also lowered its forecast of wheat production in 2020/21 to 121.5 MMT from 125.8 MMT estimated a month ago (130.8 MMT in 2019/20)

- Ukrainian grain stocks were at 9.345 MMT as of May 1, down 21.8% from a year earlier, incl. 2.829 MMT of wheat (3.377 MMT a year ago), 966,800 MT of barley (879,300 MT a year ago) and 5.202 MMT of corn (7.273 MMT a year ago). The data does not include grain stored at small farms

- Turkish Statistical Institute expects Turkey's grain production to increase by 7.9% year-on-year in 2020 to 37.1 MMT. Wheat production is expected to rise 7.9% to 20.5 MMT and barley production by 8.7% to 8.3 MMT

- China imported about 360,000 MT of wheat in April, up 66% from the year before. January-April imports rose 30% to 1.63 MMT

- SAGIS estimated S. Africa's April wheat imports at 257,627 MT vs. 55,048 MT in March. Oct-Apr 2019/20 imports rose 89% on year to 1.003 MMT (530,568 MT in Oct-Apr 2018/19)

CORN

- June 23 - A Syrian state agency (Syria’s General Foreign Trade Organisation) is tendering to sell and export 100,000 MT of feed barley  

- May 27 - Japan bought 220 MT of feed barley for Dec 25 arrival via SBS-tender

- May 24 - Syria's General Foreign Trade Organisation was seeking 50,000 MT of yellow corn with delivery within four months of the supply contract being confirmed or following the opening of a letter of credit on the purchase. Offers must be submitted in euros. A previous tender had closed on May 12 and is believed that no purchases were made

- IGC raised its forecast of global corn production in 2020/21 by 11 MMT to 1.169 billion tonnes (largely driven by improved crop outlooks for the US and China), up from the prior season's 1.118 BMT, but still below consumption of 1.177 billion. Corn stocks are predicted at 288 MMT, down from 297 MMT in 2019/20

- China's corn imports in April came to 890,000 MT, up 34% from the same month of 2019. January-April imports rose 30% to 2.14 MMT

- China imported around 420,000 MT of barley in April, down 32% from the year before. China's Jan-Apr barley imports totals 1.43 MMT, down 44% from year-ago. Sorghum imports in April came to 190,000 MT and in January-April 2020 totals 820,000 MT vs. about zero last year

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to 15.589 MMT from 15.222 MMT last month, above expectations (15.46 MMT – avg., 15.3-15.6 MMT – range). It would be 38.3% more than last year (11.275 MMT in 2019)

- SAGIS estimated South Africa's corn stocks as of April 30 were at 1.02 MMT vs. 2.663 MMT a year ago

- SAGIS estimated S. Africa’s May-Apr 2019/20 corn imports at 509,684 MT, up 197% (171,622 MT in May-Apr 2018/19)             

- SAGIS estimated S. Africa's April corn exports at 164,335 MT; May-Apr 2019/20 exports totals 1.808 MMT down 20.8% on year (2.284 MMT in 2018/19)

-  Zambia's Ag Min expects maize production will increase to 3.387 MMT from 2.004 MMT in the previous season

- EC raised its forecast of 2020 EU corn harvest to 71.4 MMT from 69.5 MMT previously (70 MMT in 2019). EC forecasts EU 2020/21 corn imports at 16.6 MMT (19.4 MMT in 2019/20)

- EC lifted its forecast of 2020 EU barley harvest to 56.2 MMT from 56.1 MMT previously (55.1 MMT in 2019). EC forecasts EU 2020/21 barley exports at 10.8 MMT vs. 10.1 MMT in 2019/20

SOYBEAN

- China has bought over 10 cargoes of Brazilian soy this week

- May 27 - USDA announced export sales of 138,000 MT of US soybean meal for delivery to the Philippines during 2019/20

- May 26 - USDA announced export sales of 216,000 MT of US soybean meal for delivery to the Philippines during 2019/20

- May 26 - USDA announced export sales of 258,000 MT of US soybeans for delivery to China during 2019/20 (60,000 MT) and 2020/21 (198,000 MT)

- May 24 - Syria's General Foreign Trade Organisation was seeking 50,000 MT of soymeal with delivery within four months of the supply contract being confirmed or following the opening of a letter of credit on the purchase. Offers must be submitted in euros. A previous tender had closed on May 12 and is believed that no purchases were made

- Ukrainian sunflower stocks were at 3.25 MMT as of May 1, up 4.2% from a year earlier (3.118 MMT). The data does not include grain stored at small farms

- Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap

- India imported 790,377 MT of veg oils in April, down 34% from 1.199 MMT a year ago

- India imported 355,510 MT of crude palm and palmkernel oil in April vs. 304,458 MT in March and vs. 468,971 MT a year ago. India's Nov-Apr 2019/20 imports totals 2.905 MMT vs. 3.381 MMT a year ago

- India imported 29,750 MT of RBD palmolein in April vs. 30,850 MT in March and vs. 238,479 MT a year ago. India's Nov-Apr 2019/20 imports totals 361,136 MT vs. 1.199 MMT a year ago

- India imported 183,764 MT of soybean oil in April vs. 292,410 MT in March and vs. 248,851 MT a year ago. India's Nov-Apr 2019/20 imports totals 1.392 MMT vs. 1.237 MMT a year ago

- India imported 221,353 MT of sunflower oil in April vs. 296,501 MT in March and vs. 242,462 MT a year ago. India's Nov-Apr 2019/20 imports totals 1.507 MMT vs. 1.342 MMT a year ago

- EC forecasts 2020 EU rapeseed harvest at 15.62 MMT, up 2.4% from 15.25 MMT in 2019

- EC forecasts 2020 EU soybean harvest at 2.97 MMT, up 10.8% from 2.68 MMT in 2019

- EC forecasts 2020 EU sunflower seed crop at 10.29 MMT, up 2.8% from 10.01 MMT in 2019