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WHEAT

- Oct 6 - Argentina registered 81,417 MT of wheat for export

- Oct 5 - Argentina registered 108,000 MT of wheat for export

- Oct 5 - Japan bought 109,906 MT of food wheat for Nov-Dec shipments:

  • 8,900 MT of western white US wheat;
  • 22,065 MT of hard red winter US wheat;
  • 25,280 MT of dark northern spring US wheat;
  • 53,661 MT of Canadian western red spring wheat

- Weekly US wheat export sales data for week ended Sept 28 totalled 492,300 MT for 2017/18 (near the upper end of trade expectations of 300-500 TMT). Export commitments for 2017/18 are running 3% behind of year-ago

- Russia’s Ag Min said Russia exported about 12.527 MMT of grain between July 1-Oct 4, 2017/18, up by 20.4% from 10.402 MMT a year ago, including:

  • wheat – 9.648 MMT (8.596 MMT in 2016/17);
  • barley – 1.968 MMT (1.279 MMT);
  • corn – 837 TMT (479 TMT);
  • others – 74 TMT (49 TMT)

- Russia has 3,971,600 MT of grain in its federal intervention fund as of Oct 6 vs. 3,260,900 MT a year-ago

- Russian farmers harvested 85.52 MMT of wheat from 94.8% of the planned area as of Oct 6, up from 75.38 MMT a year ago. Yields totalled 3.26 mt/ha up from 2.79 mt/ha a year ago

- Russian farmers have planted 14.49 million hectares (83.2% of the planned area) of winter crops as of Oct 6, up vs. 12.88 mln ha a year ago

- SovEcon increased Russia's wheat production forecast to 82.9 MMT from 81.1 MMT previously

- Russia's Ag Min estimates the country's 2017/18 grain production at 128 MMT, incl. 81.4 MMT of wheat. Russian grain exports will total around 45 MMT, although export potential is estimated at 53.5 MMT

- Russia would like to start exporting wheat to India, Agriculture Minister Alexander Tkachev said

- Russian Ag Min may start grain interventions in several regions in December

- Saudi Arabia's SALIC is considering investing in a Russian grain producer RZ Agro Holding Ltd owned by Russian conglomerate Sistema (50%) and members of the Louis-Dreyfus family (50%)

- Kazakh farmers harvested 21.5 MMT of all grains as of Oct 6, up from 21.02 MMT a year ago. Yields totalled 1.41 mt/ha down from 1.49 mt/ha a year ago

- Ukrainian farmers as of Oct 6 have sown 4.5 million hectares (74% of plan) for the 2018 wheat harvest

- According to TAXUD, the EU this season in period of July 1-Oct 3, 2017/18 exported 4.728 MMT of soft wheat compared to 7.314 MMT a year ago

- FranceAgriMer estimated winter wheat planting 8% done as of Oct 2, ahead of last year’s pace of 5%

- UK’s Ag Min estimates 2017 wheat harvest for the UK at 15.163 MMT, an increase of 5.4% on year (14.383 MMT in 2016) and above the five-year average 2012-2016 of 14.5 MMT

- European Commission (EC) raised its estimate for 2017 EU usable soft wheat production to 140.4 MMT from 139.4 MMT last month (133.7 MMT last year). EU's executive raised its EU soft wheat exports forecast by 1 MMT to 27 MMT in 2017/18, up from 25.1 MMT in 2016/17. Soft wheat inventories in the region are forecasted to total 10.5 MMT (11 MMT – previous estimate) by the end of June 2018 vs. 10.1 MMT in 2016/17

- FAO raised its forecast of global wheat production in 2017 to 750.1 MMT from 748.8 MMT projected in Sept, indicating a 1.3% (9.5 MMT) decline from the 2016 record level. The upturn is mainly on account of improved production prospects in Russia and the EU, which more than offsets downward revisions made for Australia. Global wheat stocks (ending in 2018) lowered slightly from last month but still a record of 261.2 MMT and well above their opening levels (243.6 MMT) with the largest year-on-year increase in China (+19 MMT)

CORN

- Oct 6 - USDA announced export sales of 195,000 MT of US corn for delivery to unknown destinations during 2017/18

- Oct 6 - Argentina registered for export 25,171 MT of corn and 15,000 MT of malting barley

- Oct 5 - Argentina registered 246,506 MT of corn for export

- Weekly US corn export sales data for week ended Sept 28 of 814,100 MT for 2017/18 (topped trade expectations of 500-700 TMT). Export commitments for 2017/18 are running 41% behind of year-ago

- Informa Economics raised its US 2017 corn production estimate to 14.182 billion bushels (360.2 MMT) from 14.115 billion in September. Informa also upped its corn yield estimate to 170.5 bushels per acre from its August figure of 169.7 bpa

- Buenos Aires Grain Exchange expects Argentina’s 2017/18 corn acreage at 5.4 mln ha (5.1 mln ha in 2016/17). Exchange estimates 16.5% of the crop has been planted as of Oct 4, behind of last year’s pace (25.7%)

- Zambia expects a new outbreak of armyworms in the 2017/18 crop season

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 3.467 MMT of corn (maize) vs. 2.221 MMT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 exported 105,671 MT of corn vs. 584,516 MT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 exported 1.161 MMT of barley vs. 1.455 MMT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 exported 716,455 MT of malt in barley equivalent vs. 774,319 MT a year ago

- FranceAgriMer estimated French corn condition as of Oct 2 as 80% in good to excellent, unchanged from the prior week and well above the year-ago score of 53%. French farmers harvested 15% of corn as of Oct 2 vs. 5% a week ago and 9% a year ago

- FranceAgriMer estimated winter barley planting 14% done as of Oct 2, ahead of last year’s pace of 8%

- UK’s Ag Min estimates 2017 barley harvest for the UK at 7.36 MMT, an increase of 10.6% on year (6.655 MMT in 2016) and above the five-year average 2012-2016 of 6.7 MMT

- EC lowered its 2017 EU corn harvest forecast to 59.1 MMT from 59.4 MMT last month (60.8 MMT in 2016). Projected imports in new season kept at 15.0 MMT (13.6 MMT in 2016/17). EC cut its forecast for 2017/18 corn ending stocks to 14.9 MMT from 15.6 MMT previously (15.6 MMT in 2016/17)

- EC upped its 2017 EU barley harvest outlook to 58.1 MMT from 58.0 MMT last month, down from 59.6 MMT in 2016. Projected exports in new season were kept unchanged from prior month at 7 MMT (8.8 MMT in 2016/17). EC lifted its forecast for 2017/18 barley ending stocks to 6.3 MMT from 6.1 MMT previously and vs. 5.8 MMT in 2016/17

- FAO raised its forecast of global corn production in 2017 to a record 1,064.5 MMT from 1,062.9 MMT projected in Sept, indicating a 2.4% (25.3 MMT) growth from 2016. The upturn is largely on improved yield prospects in China and the US. Forecast of global corn stocks (ending in 2018) raised by 3.3 MMT, largely on higher inventories in the US and historical revisions to carryovers in Japan, to a record of 236.6 MMT (235.6 MMT in 2016/17)

- Russian farmers harvested 5.46 MMT of corn from 39.8% of the planned area as of Oct 6, up from 4.15 MMT a year ago. Yields totalled 4.7 mt/ha vs. 5.29 mt/ha a year ago

- Russian farmers harvested 21.1 MMT of barley from 94.9% of the planned area as of Oct 6, up from 18.96 MMT a year ago. Yields totalled 2.8 mt/ha up from 2.35 mt/ha a year ago

- Ukrainian farmers as of Oct 3 harvested 5 MMT of maize from 1.2 million hectares (or 26% from total area of 4.5 million ha) with yields at 4.22 mt/ha

- Ukrainian farmers as of Oct 6 have sown 335,000 hectares (36% of plan) for the 2018 barley harvest. The area under winter barley is likely to total 926,000 hectares

SOYBEAN

- Oct 6 - Argentina registered for export 40,000 MT of soybeans, 15,250 MT of soybean oil and 16,240 MT of soymeal

- Oct 6 - Argentina registered for export 15,900 MT of sunflower oil and 8,000 MT of sunflower meal

- Oct 5 - Argentina registered for export 37,700 MT of soybean oil and 22,350 MT of soymeal

- Chicago soybean futures rose as rains were expected to slow the US harvest while dry conditions in Brazil also kept attention on weather risks to soybean planting in South America

- Weekly US soybeans export sales data for week ended Sept 28 of 1,016,100 MT for 2017/18 (near the lower end of trade expectations of 1-1.3 MMT). Export commitments for 2017/18 are running 18% behind of year-ago

- Informa Economics raised US 2017 soybeans production estimate to 4.474 billion bushels (121.8 MMT) from September forecast of 4.47 billion. It lifted soy yield estimate to 50 bpa from 49.9 bpa in September

- Safras & Mercado expects Brazil to harvest a 114.7 MMT soybeans in 2017/18

- Buenos Aires Grain Exchange expects Argentina’s 2017/18 sunflower seed acreage will rise to 1.8 mln ha (1.7 mln ha in 2016/17). About 36.9% of the crop has been planted as of Oct 4 vs. 33.9% this time last year

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 2.789 MMT of soybeans vs. 3.816 MMT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 4.929 MMT of soymeal vs. 4.602 MMT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 67,413 MT of soybean oil vs. 66,986 MT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 920,817 MT of rapeseed vs. 605,689 MT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 48,826 MT of rapeseed meal vs. 61,748 MT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 52,463 MT of rapeseed oil vs. 52,119 MT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 96,846 MT of sunflowerseed vs. 210,434 MT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 683,678 MT of sunflower meal vs. 627,100 MT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 461,603 MT of sunflower oil vs. 286,919 MMT a year ago

- EU this season in period of Jul 1-Oct 3, 2017/18 imported 1.547 MMT of palm oil vs. 1.595 MMT a year ago

- EC raised its 2017 EU rapeseed harvest estimate to 22.3 MMT from 21.9 MMT in August, up 10.9% from 20.1 MMT in 2016

- EC increased its 2017 EU soybean harvest view to 2.7 MMT from 2.6 MMT last month, up 8.5% from 2.5 MMT in 2016

- EC upped its 2017 EU sunflower crop forecast to 9.2 MMT from 8.7 MMT in August, up 8.2% from 8.5 MMT in 2016

- FAO lowered its forecast of global soybean production in 2017 to 346.4 MMT from 347.6 MMT projected in Sept, indicating a 0.7% (2.5 MMT) decline from 2016. This month the downward corrections in Argentina, Ukraine and Canada only partially offset by gains in the US. Forecast of 2017/18 global soybean stocks revised downward significantly to 48.7 MMT from 52.8 MMT in September and vs. 52.7 MMT in 2016/17, mainly reflecting lower forecast for Brazil

- SovEcon lowered Russia’s 2017 sunflower crop forecast to 10.4 MMT from 11.5 MMT previously

- Russian farmers harvested 4.72 MMT of sunseed from 33.3% of the planned area as of Oct 6, up from 4.17 MMT a year ago. Yields totalled 1.82 mt/ha vs. 1.78 mt/ha a year ago

- Russian farmers harvested 1.66 MMT of soybeans from 38.9% of the planned area as of Oct 6, up from 1.36 MMT a year ago. Yields totalled 1.66 mt/ha vs. 1.86 mt/ha a year ago

- Russian farmers harvested 1.37 MMT of rapeseed from 79.7% of the planned area as of Oct 6, up from 1.0 MMT a year ago. Yields totalled 1.75 mt/ha vs. 1.23 mt/ha a year ago

- Ukrainian farmers as of Oct 6 harvested 8.9 MMT of sunseed from 4.7 million hectares (79% of plan) with yields of 1.91 mt/ha

- Ukrainian farmers as of Oct 6 harvested 2.1 MMT of soybeans from 1.1 million hectares (57% of plan) with yields of 1.81 mt/ha

- Ukrainian farmers have planted 805,000 hectares of winter rapeseed (104% of plan) as of Oct 6

- French oilseed processor Saipol said its 2017 biodiesel production will be around 1.3 MMT, but may fall almost in half in 2018 due to renewed imports of Argentine biodiesel