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WHEAT

- Oct 12 - Tunisia's state grains agency seeks 75,000 MT of optional-origin durum wheat for Dec 15-Jan 20 and 50,000 MT of soft wheat for Nov 25-Dec 20 shipment

- Oct 11 - USDA announced export sales of 104,202 MT of US hard red winter wheat for delivery to Mexico during 2017/18

- Oct 11 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin hard milling wheat for Jan-Feb shipment and may retender on Oct 18

- Oct 10 - Egypt's GASC bought 170,000 MT of wheat from Russia for November 20-30 shipment:

  • 110,000 MT (2x55 TMT) of Russian wheat from Al Wehda/Friends at 213.66 $/mt c&f (197.97 fob+15.69 freight);
  • 60,000 MT of Russian wheat from Daewoo at 214.69 $/mt c&f (200.00 fob+14.69 freight)

- Oct 10 - China sold 28,679 MT of wheat from state reserves or 1.4% of the offered amount (2,024,584 MT) at auction at average price of 2,446 RMB/mt (371 $/mt)

- Oct 10 - China auctioned 2,500 MT of imported wheat from state reserves, or 1.8% of the offered amount (140,411 MT) at average price of 2,564 RMB/mt (389 $/mt)

- Argentina will sell wheat to Mexico for the first time in modern history. The first shipment, with a volume of 30,000 MT of wheat, will be dispatched during the first half of December

- US wheat export inspections for week, ending Oct 5, recorded 350,632 MT, below a range of trade expectations for 400,000-600,000 MT. Inspections for 2017/18 are running 2.6% behind of year-ago

- USDA said the US winter wheat crop 48% planted as of Oct 8, behind analysts’ expectations (49%) and below last-year's (57%) and 5-year average (58%)

- Turkey has imposed a requirement that some agricultural imports (corn, common wheat, durum wheat, sunflower oil and pulp, paddy rice and dried peas) from Russia get the approval of the Turkish authorities, with effect from Oct 9

- Russia's Ag Min plans to sell 1.5 MMT of grain from the state reserves during the 2017/18. The bulk of the proposed 1.5 MMT is likely to be offered for exports, of which 1 MMT will be offered between January and June

- France's farm ministry raised its estimate of the country's 2017 soft wheat crop to 37.937 MMT from 37.788 MMT forecasted in Sept with yields upped to 7.36 from 7.34 mt/ha earlier, up 37.7% from last year (27.56 MMT and 5.37 mt/ha in 2016) and 6.4% above the five-year average

- FranceAgriMer estimates French soft wheat production in 2017/18 at 37.937 MMT, up from 27.56 MMT in previous year. FranceAgriMer lowered its forecast for French soft wheat stocks at the end of the 2017/18 to 3.18 MMT from 3.409 MMT projected last month (2.944 MMT in 2016/17). Projected exports outside the EU kept at 10.2 MMT, up 105.2% from 4.971 MMT in 2016/17, while forecast shipments within the EU were upped from 7.85 to 8.052 MMT, up 28.6% from 6.259 MMT in 2016/17

- Ukrainian farmers as of Oct 10 have sown 4.9 million hectares (80% of plan) for the 2018 wheat harvest

- Conab lowered its Brazil's 2017 wheat crop estimate to 4.881 MMT from 5.186 MMT in September, down vs. 6.727 MMT in 2016. They expect wheat imports this year at 7 MMT vs. 7.089 MMT in 2016

- USDA attaché in Venezuela revised its 2017/18 wheat import forecast downward to 1.05 MMT, down from USDA's official projection of 1.2 MMT and vs. 1.139 MMT in 2016/17. In 2016, imports were primarily sourced from Canada, Mexico, and the US. A new commercial agreement between the GBRV and Russia signed in May 2017 has opened the Venezuelan market to Black Sea wheat. Under the agreement, between 300,000 and 600,000 MT are to arrive before the close of 2017/18

CORN

- Oct 12 - Tunisia's state grains agency seeks 50,000 MT of optional-origin feed barley for Nov 25-Dec 20 shipment

- Oct 11 - USDA announced export sales of 150,000 MT of US corn for delivery to Mexico during 2017/18

- Oct 11 - Turkey has made no purchase in an international tender for 96,000 MT barley due to too high prices. The lowest offer was 789.9 Turkish lira, or around 214.5 $/mt c&f

- Oct 11 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on Oct 18

- Oct 10 - Argentina registered 102,590 MT of corn for export

- Oct 10 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley for Jan-Feb shipment and may retender on Oct 17

- US corn export inspections for week, ending Oct 5, reported 524,168 MT, below market expectations (650-850 TMT). Inspections for 2017/18 are running 49.2% behind of year-ago

- USDA rated 64% of the US corn crop in good-to-excellent condition as of Oct 8, up 1% point from the previous week, ahead of market expectation for 62% but down compared to 73% a year-ago. USDA estimated 22% of the US corn crop had been harvested, behind of analyst forecasts of 27%, also below last year’s pace (33%) and 5-year mean of 37%

- Conab forecast Brazil's 2017/18 corn crop at 92.2-93.6 MMT, less than 97.817 MMT last season with second crop at 67.171 MMT (67.355 MMT in 2016/17). Conab expects Brazil to export 30 MMT of corn (30 MMT in 2016/17). Ending stocks are forecasted to rise to 24.548 MMT from 19.097 MT in 2016/17

- France's farm ministry forecasts the country's 2017 grain maize crop at 13.04 MMT (12.749 MMT in Sept) with yields 9.32 mt/ha, up 11.4% from last year (11.707 MMT and 8.41 mt/ha in 2016), but 10.8% below the five-year average

- France's farm ministry trimmed the country's 2017 barley production estimate to 12.229 MMT from 12.255 MMT in Sept, up 17.2% from last year (10.435 MMT in 2016) and 7.4% above the five-year average. French winter barley crop is estimated at 9.573 MMT (9.604 MMT forecasted in Sept and 8.389 MMT in 2016), while spring crop totals 2.655 MMT (2.65 MMT forecasted in Sept and 2.046 MMT in 2016)

- FranceAgriMer estimated France's 2017/18 corn crop at 12.576 MMT vs. 10.435 MMT last year. FranceAgriMer lowered its forecast for French corn stocks at the end of the 2017/18 to 2.351 MMT from 2.517 MMT in Sept, but up vs. 1.95 MMT in 2016/17. France's 2017/18 corn exports are forecasted at 5.298 MMT (4.72 MMT – previous forecast) vs. 4.691 MMT a year ago

- FranceAgriMer cut its forecast of France's 2017/18 barley ending stocks to 997,000 MT from 1.049 MMT in Sept and against 1.072 MMT in 2016/17. France's 2017/18 barley exports (without malt) is expected at 6.615 MMT (6.79 MMT – previous forecast) up 25.3% from 5.281 MMT a year ago

- Ukrainian farmers as of Oct 10 harvested 5.8 MMT of maize from 1.4 million hectares (or 31% from total area of 4.5 million ha) with yields at 4.21 mt/ha

- Ukrainian farmers as of Oct 10 have sown 420,000 hectares (45% of plan) for the 2018 barley harvest. The area under winter barley is likely to total 926,000 hectares

- USDA attaché in Venezuela forecasted corn production at 850 TMT in 2017/18, down from USDA's official projection of 900 TMT and vs. 1.0 MMT in 2016/17. The forecast for corn imports in 2017/18 is revised down to 1.4 MMT from the USDA official forecast of 1.6 MMT, but up vs. 1.0 MMT in 2016/17

- Chinese state corn reserve auctions will end in October

- China has decided to leave its grain import quotas unchanged for 2018

SOYBEAN

- Oct 11 - USDA announced export sales of 396,000 MT of US soybeans for delivery during 2017/18:

  • 264,000 MT to China;
  • 132,000 MT to unknown destinations

- Oct 10 - USDA announced export sales of 131,000 MT of US soybeans for delivery to China during 2017/18

- US soybean export inspections for week, ending Oct 5, reported 1,484,650 MT, topping a range of trade estimates. Inspections for the 2017/18 marketing year are running 3.7% ahead of year-ago

- USDA rated 61% of the US soybean crop as good-to-excellent as of Oct 8, up 1% point from the previous week and ahead of market expectation for 60%, but below compared to 74% a year-ago. USDA estimated 36% of the US soybean crop was harvested, behind of analysts' forecasts (38%), also below last year’s pace (41%) and 5-year mean of 43%

- USDA attaché forecasts Brazil’s 2017/18 soybean crop at 107 MMT, a 6.1% reduction compared to the previous season, due to a return to average yields. Soybean exports for 2017/18 are forecast at 64 MMT (65 MMT in 2017/18) as a result of strong demand by China

- Conab forecasts Brazil's 2017/18 soy output at 106-108.3 MMT compared to a record previous crop of 114.075 MMT. Conab expects Brazil to export 64 MMT of soybeans (65 MMT in 2016/17). Ending stocks are forecasted to fall to 322,300 MT from 3.571 MMT in 2016/17

- USDA attaché in Turkey revised the country’s 2017 sunflower production estimate to a record 1.55 MMT (1.3 MMT in 2016). Turkey’s sunseed crushing are expected to rise to 1.855 MMT in 2017/18 from 1.735 MMT in 2016/17

- France's farm ministry raised its estimate for 2017 French rapeseed output to 5.51 MMT from 5.478 MMT in Sept, up 16.3% from last year (4.738 MMT in 2016) and 8.4% above the five-year average

- France's farm ministry forecasts the country's 2017 sunflower seed crop at 1.296 MMT (1.249 MMT in Sept) with yields 2.36 mt/ha, up 9.6% from last year (1.183 MMT and 2.18 mt/ha in 2016) but 8.8% below the five-year average

- France's farm ministry upped its forecast for 2017 French soybean crop to 404 TMT from 403 TMT in Sept with yields 2.84 mt/ha, up 18.2% from last year (342 TMT and 2.48 mt/ha in 2016) and 80.2% above the five-year average

- Indian export of oilmeals during April-September 2017/18 rose 85% to over 1.1 MMT compared to 595 TMT during the same period of last season. Indian Apr-Sept 2017/18 soymeal exports are estimated at 397,364 MT vs. 75,720 MT during the same period of last season

- Indian Apr-Sept 2017/18 rapeseed meal exports are estimated at 262,832 MT vs. 137,552 MT during the same period of last season

- Ukrainian farmers as of Oct 10 harvested 9.3 MMT of sunseed from 4.9 million hectares (82% of plan) with yields of 1.91 mt/ha

- Ukrainian farmers as of Oct 10 harvested 2.3 MMT of soybeans from 1.2 million hectares (62% of plan) with yields of 1.82 mt/ha

- Ukrainian farmers have planted 816,000 hectares of winter rapeseed (105% of plan) as of Oct 10