WHEAT

- June 19 - Taiwan Flour Millers' Association seeks 88,815 MT of US milling wheat

- June 18 - Japan seeks 76,143 MT of food wheat for August shipments:

  • 17,670 MT of western white US wheat;
  • 27,125 MT of hard red winter US wheat;
  • 10,728 MT of dark northern spring US wheat;
  • 20,620 MT of Australian standard white wheat

- June 11 - Tunisia's state grains agency bought 25,000 MT of optional-origin soft wheat from Glencore at 215.9 $/mt c&f for July 15-Sept 25 shipment

- June 10 - Egypt's GASC bought 120,000 MT of wheat from Russia for July 12-22 shipment:

  • 60,000 MT of Russian wheat from Posco International at 226.90 $/mt c&f (216.90 fob+10 freight);
  • 60,000 MT of Russian wheat from Ameropa at 227.59 $/mt c&f (217.59 fob+10 freight)

- June 10 - Importers in the Philippines bought about 56,000 MT of optional-origin feed wheat at about 220 $/mt c&f for shipment in Aug-Oct

- June 10 - Thailand has made no purchase in an international tender for 240,000 MT of optional-origin feed wheat for Aug-Oct shipment due to too high prices

- The Ethiopian government has cancelled a planned purchase of 400,000 MT of wheat provisionally bought in May (from Martina Mertens and Olam International)

- Strategie Grains lowered its forecast of EU 2020 soft wheat crop to 130.9 MMT from 132.9 MMT previously (147.1 MMT in 2019) 

- ABARES raised its forecast of 2020/21 Australian wheat crop by 5.3 to 26.674 MMT, up 75.9% from 15.165 MMT in 2019/20

- IKAR raised its 2020 Russian wheat crop outlook to 78 MMT from 75.6 MMT previously. They also raised its forecast of Russia's 2020/21 wheat exports by 1 MMT to 35 MMT

- SovEcon raised Russia's 2020 total grain production forecast to 128.6 MMT from 126.3 MMT previously, incl. wheat crop to 82.7 MMT (up by 1.5 MMT) and corn to 14.8 MMT (up by 1.5 MMT)

- Russia will not impose any grain export quotas in the first half of the 2020/21 marketing season (July-Dec), but they will put on an export limit (amounts to be determined later) for the second half of the year (Jan-June)

- MARS cut its forecast of the average soft wheat yield in the EU this year to 5.60 t/ha from 5.72 t/ha estimated last month

CORN

- June 17 - Taiwan's MFIG seeks 65,000 MT of corn from the US, Brazil, Argentina or South Africa for October-November shipment

- June 12 - Saudi Arabia’s SAGO bought 1.08 MMT of feed barley of Australia, South and North America (excl. Canada), EU and Black Sea origin at an average price of 198.81 $/mt c&f in 18 consignments for August-Sept shipment to the Red Sea ports (780 TMT) and the Gulf ports (300 TMT):

  • Red Sea Ports:
    • 60,000 MT from Glencore at 194.79 $/mt c&f (Aug 15-30)
    • 60,000 MT from Glencore at 195.17 $/mt c&f (Aug 15-30
    • 60,000 MT from Glencore at 195.36 $/mt c&f (Aug 15-30)
    • 60,000 MT from Glencore at 195.54 $/mt c&f (Aug 15-30)
    • 60,000 MT from Glencore at 195.87 $/mt c&f (Sept 1-15)
    • 60,000 MT from Glencore at 196.32 $/mt c&f (Sept 1-15)
    • 60,000 MT from Glencore at 196.46 $/mt c&f (Sept 1-15)
    • 60,000 MT from Glencore at 196.69 $/mt c&f (Sept 1-15)
    • 60,000 MT from Solaris Commodities at 198.76 $/mt c&f (Sept 1-15)
    • 60,000 MT from Glencore at 197.54 $/mt c&f (Sept 15-30)
    • 60,000 MT from Glencore at 197.71 $/mt c&f (Sept 15-30)
    • 60,000 MT from Glencore at 198.09 $/mt c&f (Sept 15-30)
    • 60,000 MT from Glencore at 198.57 $/mt c&f (Sept 15-30)
  • Gulf Ports:
    • 60,000 MT from Glencore at 202.98 $/mt c&f (Aug15-30)
    • 60,000 MT from Lecureur at 206.95 $/mt c&f (Aug 15-30)
    • 60,000 MT from Glencore at 202.77 $/mt c&f (Sept 1-15)
    • 60,000 MT from Glencore at 203.14 $/mt c&f (Sept 1-15)
    • 60,000 MT from Glencore at 205.82 $/mt c&f (Sept 15-30)

- June  11 - Tunisia's state grains agency bought 50,000 MT of optional-origin feed barley from GrainCorp for July 25-Sept 25 shipment:

  • 25,000 MT at 194.89 $/mt c&f;
  • 25,000 MT at 196.25 $/mt c&f

- June 10 - Thailand bought an unknown volume of feed barley from Australia at about 200 $/mt c&f for nearby shipment and 193-195 $/mt c&f for November shipment

- June 10 - Japan bought 380 MT of feed barley for Nov 26 arrival via SBS-tender

- Strategie Grains raised its forecast of EU 2020 barley crop to 63.6 MMT from 62.6 MMT previously, (62.5 MMT in 2019); and left unchanged corn crop forecast at 65.9 MMT (64.1 MMT in 2019)

- ABARES raised its forecast of 2020/21 Australian barley crop by 1.46 MMT to 10.558 MMT, up 17.3% from 9.001 MMT in 2019/20; they expect oats crop at 1.559 MMT (860,000 MT in 2019/20) and chickpeas crop at 661,000 MT (281,000 MT)

- China has accelerated sorghum imports from Argentina as buyers diversify their sources of grain imports amid trade disputes with major suppliers Australia and the US. Reportedly the Chinese have bought 80,000 MT of sorghum from Argentina for July arrival

- MARS increased its outlook for the EU's grain maize yield this year to 8.20 t/ha from 7.94 t/ha last month

SOYBEAN

- June 16 - Egypt's GASC cancelled tender to buy 10,000 MT of optional-origin sunoil and 30,000 MT of soyoil for Aug 20-Sept 5 arrival due to high prices. Traders said the following offers were made in the tender:

  • Hakan: 30,000 MT of soyoil at 712.12 $/mt c&f (SP) or 723.12 $/mt c&f (180 DP);
  • Louis Dreyfus: 30,000 MT of soyoil at 749.82 $/mt c&f (SP) or 757.20 $/mt c&f (180 DP);
  • Glencore:
    • 12,000 MT of sunflower oil at 802.50 $/mt c&f (SP) or 809.40 $/mt c&f (180 DP);
    • 30,000 MT of soyoil at 715.00 $/mt c&f (SP) or 720.00 $/mt c&f (180 DP);
  • Aston:
    • 12,000 MT of soyoil at 707.75 $/mt c&f (SP) or 721.25 $/mt c&f (180 DP);
    • 30,000 MT of soyoil at 712.50 $/mt c&f (SP) or 725.50 $/mt c&f (180 DP);
  • Posco: 30,000 MT of soyoil at 754.00 $/mt c&f (SP) or 760.00 $/mt c&f (180 DP)

- June 15 - USDA announced export sales of 390,000 MT of US soybeans for delivery to China destinations during 2020/21

- June 12 - USDA announced export sales of 120,000 MT of US soybeans for delivery to unknown destinations during 2020/21

- June 11 - USDA announced export sales of 720,000 MT of US soybeans for delivery to China during 2019/20 (63,000 MT) and 2020/21 (657,000 MT)

- NOPA said its members crushed a smaller-than-expected 169.584 million bushels of soybeans during May (173.071 million bu – average expectations, 164.1-177.5 – range).  NOPA processors crashed 171.754 mln bu in April and 154.796 mln bu a year ago. Soyoil stocks fell to 1.88 billion lbs as of May 31 from 2.111 a month earlier, below the average expectations of 2.068 billion lbs but above last year’s level of 1.581 billion lbs. Soymeal exports fell to 776,677 tons from 890,931 tons in April and vs. 617,318 tons a year-ago

- ABARES raised forecast of 2020/21 Australian canola crop by 617,000 MT to 3.248 MMT, up 39.5% from 2.329 MMT in 2019/20

- India's sunflower oil imports could jump 15% in 2019/20 to a record 2.7 MMT

- India imported 707,478 MT of veg oils in May, down 40% from 1.181 MMT a year ago

- India imported 16,250 MT of RBD palmolein in May vs. 29,750 MT in April and vs. 371,060 MT a year ago. India's Nov-May 2019/20 imports totals 377,386 MT vs. 1.57 MMT a year ago

- India imported 187,034 MT of soybean oil in May vs. 183,764 MT in April and vs. 232,003 MT a year ago. India's Nov-May 2019/20 imports totals 1.579 MMT vs. 1.469 MMT a year ago

- India imported 133,438 MT of sunflower oil in May vs. 221,353 MT in April and vs. 130,634 MT a year ago. India's Nov-May 2019/20 imports totals 1.641 MMT vs. 1.473 MMT a year ago

- MARS cut its forecast of the average rapeseed yield in the EU this year to 2.90 t/ha from 2.95 t/ha estimated last month

- MARS increased its outlook for the EU's sunflower yield this year to 2.39 t/ha from 2.34 t/ha last month