FI Morning Grain Comments 07/15/20 Jul 15, 2020 PDF attached Morning. Higher trade in soybeans and wheat on good global import demand. Corn remains on the defensive from ideal US weather. We heard China was also in for Black Sea corn yesterday and SK was back in buying corn for late 2020 arrival. China soybean margins continue to improve. We heard China bought at least ten US Sep-Nov soybean cargoes overnight out of the Gulf at 202-205 cents over the Nov. Anec increased their view for Brazil July soybean exports to 8.9MMT from 8.0 previously. India’s soybean production was estimated above 10.7 million tons from 9.3 million in 2019 on good monsoon rains, according to the trade via Rueters. Malaysian palm oil is near a 5-1/2 month high. Jordan seeks 120,000 tons of wheat on July 21 for Sep-Nov shipment. Japan in an SBS import tender seeks 80,000 tons of feed wheat and 100,000 tons of barley. Ethiopia postponed an import tender for 400,000 tons of wheat to July 20 from July 10.