Export Summary-Egypt buys vegetable oil, Japan buys wheat; US sells soybeans
On Thursday, global markets witnessed active trading in agricultural commodities. The US confirmed a significant soybean sale of 120,000 metric tons for delivery in 2023/24 to undisclosed buyers. Egypt purchased 22,500 metric tons of vegetable oils in an international tender. Japan secured 109,126 metric tons of wheat from the US, Canada, and Australia. Taiwan’s MFIG bought 65,000 metric tons of corn from Brazil. Meanwhile, Lebanon reportedly acquired 63,000 metric tons of wheat from Ukraine. South Korea’s MFG purchased 60,000 metric tons of soymeal from South America or the US.
June 13 (Reuters) -Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources as of the end of business on Thursday:
SOYBEAN SALE: The U.S. Department of Agriculture confirmed private sales of 120,000 metric tons of U.S. soybeans for delivery to “unknown” destinations in the 2023/24 marketing year.
VEGETABLE OIL PURCHASE: Egypt’s state grains buyer, the General Authority for Supply Commodities, bought 22,500 metric tons of vegetable oils in an international tender on Thursday, traders and GASC told Reuters.
FOOD WHEAT PURCHASE: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) bought a total of 109,126 metric tons of food-quality wheat from the United States, Canada and Australia in a regular tender that closed on Thursday.
CORN PURCHASE: Taiwan’s MFIG purchasing group bought about 65,000 metric tons of animal feed corn expected to be sourced from Brazil in an international tender on Thursday, European traders said.
WHEAT PURCHASE: The Lebanese government is believed to have purchased about 63,000 metric tons of wheat in a tender all expected to be sourced from Ukraine, European traders said on Thursday.
SOYMEAL PURCHASE: South Korea’s Major Feedmill Group (MFG) purchased an estimated 60,000 metric tons of soymeal expected to be sourced from either South America or the United States in an international tender on Thursday, European traders said.
PENDING TENDERS:
WHEAT TENDER: Jordan’s state grain buyer issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said. The deadline for submission of price offers in the tender is June 25.
FEED BARLEY TENDER: Jordan’s state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said. The deadline for submission of price offers in the tender is June 26.
