WHEAT

- Oct 25 - Importers in the Philippines bought about 165,000 MT of Australian feed wheat from CBH in three consignments for December-February shipment at 253-255 $/mt c&f

- Oct 24 - Taiwan Flour Millers' Association bought 88,900 MT of US milling wheat in two consignments:

  • The first consignment was bought from CHS and has an additional charge of 39.99 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Dec 5-19:
    • 20,700 MT of dark northern spring wheat (14.5% protein) at 274.84 $/mt fob;
    • 14,200 MT of hard red winter wheat (12.5% protein) at 238.22 $/mt fob;
    • 5,100 MT of soft white wheat (9% protein) at 239.70 $/mt fob.
  • The second consignment has an additional charge of 36.66 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Dec 21-Jan 4:
    • 25,700 MT of dark northern spring wheat (14.5% protein) from ADM at 280.95 $/mt fob;
    • 17,750 MT of hard red winter wheat (12.5% protein) from United Grain Corporation at 242.58 $/mt fob;
    • 5,450 MT of soft white wheat (9% protein) from ADM at 233.81 $/mt fob

- UN aid agency recently purchased around 15,000 MT of Romanian wheat for donation to Djibouti for Nov 20-Dec 20 shipment

- Oct 6 - Bangladesh bought 50,000 MT of optional-origin milling wheat from Agrocorp at 255.46 $/mt CIF liner out for shipping within 40 days of the signing of the contract

- Weekly US wheat export sales data for week ended Oct 17 totaled 262,400 MT for 2019/20, below market expectations (300-600 TMT). Export commitments for 2019/20 are running 12% ahead of year-ago

- Ukraine's Ag Min said Ukraine exported about 17.94 MMT of grain between July 1-Oct 28, 2019 vs. 12.948 MMT for the same period of last year, including 10.919 MMT of wheat (7.4 MMT a year ago), 3.585 MMT of corn (2.635 MMT) and 3.197 MMT of barley (2.663 MMT)

- International Grains Council (IGC) lowered its forecast for global wheat production in 2019/20 by 1.2 MMT to 762.3 MMT (733 MMT in 2018/19), reflecting diminished crop outlooks in Australia and Argentina partly compensated by bigger crops in the EU and Russia. Forecast of ending stocks was lowered by 0.5 MMT to 271.1 MMT (265 MMT in 2018/19)

- South Africa's Crop Estimates Committee (CEC) lowered its wheat production estimate for 2019 to 1.695 MMT from 1.806 MMT previously, down 9.2% from the previous season’s crop of 1.868 MMT

- SAGIS estimated S. Africa's September wheat imports at 332,010 MT vs. 97,477 MT in August. Oct-Sept 2018/19 imports fell 37% on year to 1.369 MMT (2.174 MMT in Oct-Sept 2017/18)

- FranceAgriMer estimated winter wheat planting 29% done as of October 21, behind of last year’s pace of 50%

- China imported 138,008 MT of wheat in September, down 48.2% from the year before. January- September imports fell to 2.06 MMT

CORN

- Weekly US corn export sales data for week ended Oct 17 totaled 582,900 MT, incl. 491,500 MT for 2019/20 below expectations (400-700 TMT). Export commitments for 2019/20 are running 49% behind of year-ago

- IGC lowered its forecast of the global corn crop in 2019/20 by 0.4 MMT to 1.098 billion tones (1.13 BMT in 2018/19). IGC cut its forecast for 2019/20 global corn carryover by 7.6 MMT to 278 MMT, sharply down vs. 317.9 MMT in 2018/19

- South Africa's Crop Estimates Committee (CEC) estimated corn plantings this year at 2.519 million hectares, above the average market expectations of 2.36 mln ha, and 9.5% more than the 2.301 million ha planted for the previous season

- SAGIS estimated South Africa's corn stocks as of September 30 were at 7.643 MMT vs. 8.931 MMT a year ago

- SAGIS estimated S. Africa’s September corn imports at 50,051 MT; May-Sept 2019 imports totals 251,740 MT (zero in May-Sept 2018)

- SAGIS estimated S. Africa's September corn exports at 132,211 MT; May-Sept 2019 exports totals 570,590 MT down 61.1% on year (1.466 MMT in May-Sept 2018)   

- FranceAgriMer estimated France’s corn condition as of October 21 as 58% in good to excellent, unchanged from prior week, above the year-ago score of 57%. French farmers harvested 46% of corn as of Oct 21 vs. 30% a week ago and 91% a year ago

- FranceAgriMer estimated winter barley planting 50% done as of October 21, behind of last year’s pace of 61%

- China's corn imports in September came to 139,576 MT, up 237.2% from the same month of 2018. January-Sept imports rose to 3.87 MMT

- China imported around 860,000 MT of barley in September, up 25.1% from the year before. China's Jan-Sept barley imports totals 4.6 MMT. Also China imported about 120,000 MT of sorghum in September, up 33.6% on year             

SOYBEAN

- Oct 28 - USDA announced export sales of 135,000 MT of US soybean meal for delivery to the Philippines during 2019/20

- Oct 25 - Philippines bought about 120,000 MT of US soybean meal for January-March 2020 shipment

- Oct 24 - USDA announced export sales of 264,000 MT of US soybeans for delivery to China during 2019/20

- Weekly US soybeans export sales data for week ended Oct 17 totaled 475,200 MT for 2019/20, below expectations (800-1600 TMT). Export commitments for 2019/20 are running 12% behind of year-ago

- Weekly US soymeal export sales data for week ended Oct 17 of 110,100 MT, incl. 110,400 for 2019/20, within expectations (100-300 TMT). Export commitments for 2019/20 are running 12% behind of year-ago

- IGC cut its forecast of the soybean production in 2019/20 by 1.3 MMT to 341.1 MMT (359.4 MMT in 2018/19), mostly reflecting downward revise this month for the US. IGC cut its forecast for 2019/20 global soybean carryover by 5.9 MMT to 32 MMT (50.3 MMT in 2018/19)

- China’s September 2019 palm oil imports up 11.9% on year to 577,589 MT. January-Sept imports rose to 5.194 MMT

- China's September 2019 soy oil imports rose 15.4% from year-ago levels to 91,251 MT. January-Sept imports rose to 606,488 MT

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Oct 1-25 palm oil exports at 1,243,981 MT up 13% from a month ago

- SGS estimated Malaysia's Oct 1-25 palm oil exports at 1,202,649 MT up 9% from a month ago