WHEAT

- Sept 10 - Turkey's TMO seeks 88,000 MT of durum wheat

- Sept 5 - Japan seeks 137,570 MT of food wheat for Oct-Dec shipments:

  • 18,790 MT of western white US wheat;
  • 15,710 MT of hard red winter US wheat;
  • 34,725 MT of dark northern spring US wheat;
  • 34,925 MT of Canadian western red spring wheat;
  • 33,420 MT of Australian standard white wheat

- Sept 3 - Turkey's TMO bought 250,000 MT of red milling wheat for Sept 10-27 shipment:

  • 30,000 MT (12.5%) from Aston at 194.40 $/mt c&f Bandirma;
  • 10,000 MT (13.5%) from Aston at 196.20  $/mt c&f Trabzon;
  • 20,000 MT (13.5%) from Aston at 196.50  $/mt c&f Samsun;
  • 10,000 MT (13.5%) from Aston at 198.30  $/mt c&f Tekirdag;
  • 10,000 MT (13.5%) from Erser at 198.30  $/mt c&f Tekirdag;
  • 10,000 MT (13.5%) from LDC at 200.85 $/mt c&f Izmir;
  • 10,000 MT (13.5%) from Solaris at 201.00 $/mt c&f Derince;
  • 30,000 MT (12.5%) from Solaris at 201.20 $/mt c&f Iskenderun;
  • 10,000 MT (13.5%) from Hakan at 201.50 $/mt c&f Derince;
  • 10,000 MT (13.5%) from LDC at 202.15 $/mt c&f Izmir;
  • 10,000 MT (13.5%) from Aston at 202.40 $/mt c&f Derince;
  • 10,000 MT (13.5%) from Solaris at 202.50 $/mt c&f Derince;
  • 60,000 MT (13.5%) from GrainExport at 205.75 $/mt c&f Mersin

- Sept 3 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling wheat

- Aug 28 - Jordan bought 60,000 MT of optional-origin hard milling wheat from Nibulon at 227.75 $/mt c&f for first half of November shipment

- US wheat export inspections for week, ending Aug 29, recorded 526,049 MT, within expectations (400-700 TMT). Inspections for 2019/20 are running 24.5% ahead of year-ago

- USDA rated 67% of the US spring wheat crop in good-to-excellent condition as of Sept 1, down 2% points from prior week and behind of expectations (69%), also down compared to 74% a year-ago. The spring wheat harvest was 55% complete by Sept 1, below expectations (57%), behind of 5-year mean (78%) and last year pace (86%)

- Ukraine's Ag Min said Ukraine exported about 8.922 MMT of grain between July 1-Sept 3, 2019 vs. 5.511 MMT for the same period of last year, including 4.958 MMT of wheat (2.892 MMT a year ago), 1.851 MMT of corn (1.192 MMT) and 2.096 MMT of barley (1.366 MMT)

- Kazakh farmers harvested 5.555 MMT of all grains as of September 3, up over 3.308 MMT a year ago. Yields totalled 1.15 mt/ha down from 1.36 mt/ha a year ago

- Kazakhstan has cut its forecast of grain and flour exports in 2019/20 to about 7 MMT from 9 MMT

- European Commission (EC) raised its forecast of 2019 EU soft wheat crop to 142.658 MMT from 141.345 MMT previously (128.835 MMT last year). EU's executive forecasts EU soft wheat exports at 25.534 MMT in 2019/20, up from 21.431 MMT in 2018/19. Soft wheat inventories in the region are forecasted at 14.602 MMT by the end of June 2020, above 12.2 MMT estimated for 2018/19

- Brazil is expected to introduce a tariff-free wheat import quota of 750,000 MT per year starting from 2020

CORN

- Sept 10 - Turkey's TMO seeks 200,000 MT of feed barley (16x12.5 TMT) for Sept 17-Oct 4 shipment

- Sept 4 - South Korea's KOCOPIA bought 60,000 MT of corn from Cofco at 201.6 $/mt c&f including a surcharge for additional port unloading for Dec 20 arrival

- Sept 3 - Algerian ONAB bought 30,000-40,000 MT of corn, likely from Argentina, at around 184.5-185 $/mt c&f  for Oct 1-15 shipment

- Aug 30 - South Korea's KFA (Korea Feed Association) in a private deal bought 56,000 MT of South American corn from Cargill at 197.9 $/mt c&f for Oct 30-Nov 30 shipment

- Aug 29 - South Korea's Nonghyup Feed Inc. (NOFI) bought 69,000 MT of optional-origin corn from Cargill: 40,000 MT at a flat price of 199.15 $/mt c&f and 29,000 MT at a premium of 134 US cents/bu c&f over the Chicago Dec contract + 1.25 $/mt surcharge for additional port unloading for Feb 1, 2020 arrival

- Aug 29 - China sold 344,990 MT of corn from state reserves, or 8.7% of the offered amount (3.964 MMT), at average price of 1,673 RMB/mt. So, so far a total of 20.858 MMT of the country’s auctioned off from May 23, from a total of 59.59 MMT offered, all coming from the 2014 and 2015 harvests

- US corn export inspections for week, ending Aug 29, reported 355,411 MT, below expectations (500-800 TMT). Inspections for 2018/19 are running 18.3% behind of year-ago

- USDA rated 58% of the US corn crop in good-to-excellent condition as of Sept 1, up 1% point from prior week, as expected, but down compared to 67% a year-ago

- Brazil’s Trade Ministry reported August corn exports at 7.653 MMT, up from 6.317 MT in July and up vs. 2.826 MMT in the year-ago month

- EC lowered its forecast of 2019 EU corn harvest to 68.5 MMT from 69.517 MMT previously (68.98 MMT in 2018). EC forecasts EU 2019/20 corn imports at 15.483 MMT vs. 24.156 MMT in 2018/19 and ending stock at 22.332 MMT vs. 24.851 MMT current season

- EC raised its forecast of 2019 EU barley harvest to 60.506 MMT from 59.741 MMT previously (56.013 MMT in 2018). EC forecasts EU 2019/20 barley exports at 8.824 MMT vs. 7.982 MMT in 2018/19 and ending stock at 6.939 MMT vs. 5.239 MMT current season

SOYBEAN

- Sept 5 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for Oct 10-25 and Oct 25-Nov 11 arrival

- Sept 4 - USDA announced export sales of 451,766 MT of US soybeans for delivery to Mexico during 2019/20

- US soybean export inspections for week, ending Aug 29, reported 1,281,426 MT, topped trade expectations (850-1100 TMT). Inspections for the 2018/19 marketing year are running 18.8% behind of year-ago

- USDA rated 55% of the US soybean crop in good-to-excellent condition as of Aug 25, unchanged from prior week, below expectations of 56% and down compared to 66% a year-ago

- USDA estimated US June 2019 soybean crush for crude oil at 4.729 million short tons, a 13.9% increase from June, ahead of average expectations of 5.355 million short tons and above the last year level (5.366 mln tons in July 2018). Crude soyoil stocks rose to 1.653 billion lbs as of July 31 from 1.595 billion lbs as of June 30, below the 1.984 bln lbs a year ago, while refined oil stocks were at 386.647 million lbs as of June 30 vs. 419.147 in June and 399.980 in July 2018. July US soy cake and meal stocks were at 344,235 tons vs. 376,025 in June and vs. 462,350 tons a year-ago

- Brazil’s Trade Ministry reported August soybean exports at 5.328 MMT, down from 7.821 MMT in July and down vs. 8.118 MMT a year ago. Also Brazil exported 1.364 MMT of soymeal in August versus 1.497 MMT the month before and 1.455 MMT a year ago; and 99,686 MT of soyoil compared to 124,501 MT in July and 209,268 MT a year ago

- EC cut its forecast of 2019 EU rapeseed harvest to 17.47 MMT from 17.98 MMT previously, 12.8% down from 20.043 MMT in 2018

- EC trimmed forecast of 2019 EU soybean harvest to 2.856 MMT from 2.887 MMT previously (2.827 MMT)

- EC lowered forecast of 2019 EU sunflower seed crop to 10.499 MMT from 10.697 MMT previously (9.964 MMT in 2018)

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Aug 1-31 palm oil exports at 1,644,983 MT up 19.2% from a month ago

- Surveyor SGS estimated Malaysia's Aug 1-31 palm oil exports at 1,661,984 MT up 15.6% from a month ago