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WHEAT

- Dec 1 - Taiwan Flour Millers' Association seeks 81,780 MT of US milling wheat for Jan 16-Feb 15 shipment

- Nov 28 - Egypt's GASC bought 120,000 MT of wheat from Russia for January 11-20 shipment:

  • 60,000 MT of Russian wheat from GTCS at 207.28 $/mt c&f (192.99 fob+14.29 freight);
  • 60,000 MT of Russian wheat from Friends at 207.59 $/mt c&f (193.3 fob+14.29 freight)

- Nov 28 - Algeria’s OAIC seeks at least 50,000 MT of soft wheat for Jan-Feb shipment

- Nov 28 - The lowest offers in Ethiopian tender for 400,000 MT of optional origin wheat came at 240 $/mt

- Nov 28 - The lowest offer in Bangladesh’s tender for 50,000 MT of wheat came in at 245.35 $/mt CIF liner out from Singsong for Black Sea-origin wheat. Other offers were: Impex – 250.9 $/mt; Agrocorp – 254.19 $/mt; Aston – 254.3 $/mt; MD Robiul – 262.87 $/mt

- Nov 28 - Argentina registered 138,196 MT of wheat for export

- Nov 26 - The lowest offer in Iraq’s tender for 50,000 MT of hard wheat came in at 283.35 $/mt c&f for Australian wheat. Other offers were 288 and 288.35 $/mt c&f. The lowest US wheat offer was 294.47 $/mt c&f. The tender had requested wheat sourced from the US, Canada or Australia. The tender closed on Nov 26 and offers must remain valid up to Nov 30

- Nov 28 - China sold 238,266 MT of wheat from state reserves or 11% of the offered amount at auction at average price of 2,504 RMB/mt (380 $/mt)

- Nov 28 - China auctioned 1,993 MT of imported wheat from state reserves, or 1.5% of the offered amount (131,066 MT) at average price of 2,519 RMB/mt (382 $/mt)

- US wheat export inspections for week, ending Nov 23, recorded 344,721 MT, within trade expectations (200-400 TMT). Inspections for 2017/18 are running 5.9% behind of year-ago

- USDA rated 50% of the US wheat crop in good to excellent condition as of Nov 26, down 2% points from prior week and behind of market forecasts of 51%, also below last-year's 58%

- Weekly US wheat export sales data for week ended Nov 16 totalled 200,500 MT, incl. 199,800 MT for 2017/18 (below trade expectations of 350-550 TMT). Export commitments for 2017/18 are running 8% behind of year-ago

- Russia’s Ag Min said Russia exported about 20.182 MMT of grain between July 1-Nov 22, 2017/18, up by 27.6% from 15.82 MMT a year ago, including:

  • wheat – 15.623 MMT (12.454 MMT in 2016/17);
  • barley – 2.833 MMT (1.629 MMT);
  • corn – 1.653 MMT (1.454 MMT);
  • others – 136 TMT (85 TMT)

- Russia has 3,967,600 MT of grain in its federal intervention fund as of Nov 24 vs. 3,699,400 MT a year-ago

- Russian farmers harvested 88.04 MMT of wheat from 99.1% of the planned area as of Nov 27, up from 75.83 MMT a year ago. Yields totalled 3.22 mt/ha up from 2.79 mt/ha a year ago

- Russian farmers have planted 17.12 million hectares (98.4% of the planned area) of winter crops as of Nov 27, down vs. 17.33 mln ha a year ago

- FranceAgriMer estimated winter wheat planting 98% done as of Nov 20, ahead of last year’s pace of 97%; crop condition is estimated as 96% in good to excellent, down 1% point from the prior week but above the year-ago score of 94%. Also French farmers have planted 79% of durum as of Nov 20 vs. 82% at the same time a year ago

- International Grains Council (IGC) raised its forecast for world wheat production in 2017/18 to 748.9 MMT (754.1 MMT in 2016/17), up by 0.4 MMT from the previous forecast. Forecast of global wheat ending stocks trimmed by 0.2 MMT to 249 MMT (241.7 MMT in 2016/17)

- South Africa's Crop Estimates Committee (CEC) lowered its wheat production forecast this year to 1.581 MMT from 1.655 MMT last month, down 17.2% from the previous season’s crop of 1.91 MMT

- China's October wheat imports up 49.3% on year to 392,168 MT. China's Jan-Oct wheat imports rose 26.8% on year to 3.959 MMT

- Argentina's Ag Min forecast 2017/18 wheat production at 18 MMT, down 2.1% from 18.39 MMT in 2016/17. Estimate of wheat exports in 2016/17 (Dec-Nov) was upped from 11.5 to 12 MMT and vs. 8.54 MMT in previous season

- Buenos Aires Grain Exchange forecasts Argentine 2017/18 wheat crop at 17 MMT, up 1.2% from 2016/17 crop (16.8 MMT). Harvesting of Argentine wheat crop was 20.6% completed as of Nov 22, ahead of last year’s pace of 17.7%

- Tunisia plans to slightly increase bread prices for the first time since its 2011 revolution

CORN

- Nov 28 - Jordan bought 100,000 MT of optional-origin feed barley GTCS at 219.75 $/mt c&f for Mar 1-15 and Apr 16-30 shipment

- Nov 24 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 723,000 MT of feed barley of Australia, North and South America, EU and Black Sea origin at an average price of 215.11 $/mt c&f in 12 consignments for Jan-Feb 2018 shipment to the Red Sea ports (360 TMT) and the Gulf ports (363 TMT):

  • Red Sea Ports:
    • 60,000 MT of feed barley from Glencore at 212.85 $/mt c&f
    • 60,000 MT of feed barley from Glencore at 213.76 $/mt c&f
    • 60,000 MT of feed barley from Glencore at 214.39 $/mt c&f
    • 60,000 MT of feed barley from Bunge at 211.15 $/mt c&f
    • 60,000 MT of feed barley from Cofco at 214.86 $/mt c&f
    • 60,000 MT of feed barley from Glencore at 215.39 $/mt c&f
  • Arabian Gulf Ports:
    • 60,000 MT of feed barley from Glencore at 216.76 $/mt c&f
    • 60,000 MT of feed barley from Glencore at 218.76 $/mt c&f
    • 60,000 MT of feed barley from Holbud at 219.42 $/mt c&f
    • 60,000 MT of feed barley from Glencore at 213.39 $/mt c&f
    • 60,000 MT of feed barley from Glencore at 214.65 $/mt c&f
    • 60,000 MT of feed barley from Glencore at 215.76 $/mt c&f

- Nov 27 - Argentina registered 351,972 MT of corn for export

- China in the past month has bought around 10 to 12 cargoes (about 700 TMT) of mainly US corn for February, March and April arrivals and is set to step up purchases as a record gap between domestic and international prices encourages buyers to seek out cheap imports

- US corn export inspections for week, ending Nov 23, reported 638,711 MT, within market expectations (550-750 TMT). Inspections for 2017/18 are running 42.3% behind of year-ago

- USDA estimated 95% of the US corn crop had been harvested as of Nov 26, in line with analyst forecasts, but below last year’s pace and 5-year mean of 98%

- Weekly US corn export sales data for week ended Nov 16 of 1,106,400 MT, incl. 1,080,900 MT for 2017/18 (within trade expectations of 0.9-1.3 MMT). Export commitments for 2017/18 are running 27% behind of year-ago

- MARS raised its yield forecast for this year's EU corn to 6.92 mt/ha from 6.91 mt/ha last month, down 3.2% from 2016 (7.14 mt/ha), but 0.3% above the five-year average

- FranceAgriMer said French farmers harvested 100% of corn as of Nov 20 vs. 99% a week ago and 97% a year ago

- FranceAgriMer estimated winter barley planting 100% done as of Nov 20, ahead of last year’s pace of 99%; crop condition is estimated as 96% in good to excellent, down 1% point from the prior week but above the year-ago score of 92%

- Brazilian grain exporters association Anec raised its estimate for corn exports this year to 33 MMT from 30 MMT earlier because of a drought in Eastern Europe. Brazil's corn exports in 2018 are expected at 30 MMT

- Agroconsult lowered its forecast of Brazil's 2017/18 total corn crop to 94.4 MMT from the earlier forecast of 95.3 MMT. The group lowered its first season corn production estimate from 26.1 MMT to 24.8 MMT

- IGC raised its forecast for the global corn crop in 2017/18 by 5.5 MMT to 1.04 billion tonnes (1.079 BMT in 2016/17), mostly reflecting higher forecast for the US. IGC upped its forecast for 2017/18 global corn carryover by 2.9 MMT from October to 205.5 MMT (235.1 MMT in 2016/17)

- China imported 73,482 MT of corn in October, up 408% year on year but down from last month's 249,944 MT. China's Jan-Oct corn imports fell 21.5% on year to 2.349 MMT

- China imported 3,527 MT of distillers' dried grains (DDGS) in October, down 97.4% from a year-ago. China's Jan-Oct DDGS imports fell 86.6% on year to 378,940 MT

- China ethanol imports in October rose 837% year on year to 11,160 cubic metres from last year's 1,191 cubic metres and compared with 416 cubic metres in September. Meanwhile, the country's ethanol exports in October climbed 66.3% year from a year ago to 5,190 cubic metres

- China's October barley imports rose 113.8% on year to 683,476 MT. China's Jan-Oct barley imports rose 82.9% on year to 7.641 MMT

- Argentina's Ag Min lowered its 2017/18 corn acreage estimate to 8.8 million ha from 8.92 mln ha in Oct, up 3.8% from 8.48 mln ha in 2016/17. Forecast of corn exports in 2016/17 (Mar 2017-Feb 2018) was lowered by 1.5 MMT to 27.5 MMT vs. 21.45 MMT in previous season

- Argentina's Ag Min forecast 2017/18 barley production at 2.6 MMT, down 21.2% from 3.3 MMT in 2016/17. Estimate of barley exports in 2016/17 (Dec-Nov) was upped by 0.1 to 2.4 MMT, but down from 3.1 MMT in previous season

- Argentina's Ag Min lowered its sorghum acreage estimate for the 2017/18 to 755,000 hectares from 770,000 ha in October, up 3.7% from 728,280 ha in 2016/17

- 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 35.8% of the crop has been planted as of Nov 22, behind of last year’s pace (41.1%)

- Buenos Aires Grain Exchange forecasts Argentine 2017/18 barley crop at 2.9 MMT, down 3.3% from 2016/17 crop (3 MMT). Harvesting of Argentine barley crop was 1.1% completed as of Nov 22, behind of last year’s pace of 2.3%

- SAGIS estimated South Africa's corn stocks as of October 31 were at 9.198 MMT vs. 10.073 MMT a month ago and 4.414 MMT a year ago

- SAGIS estimated S. Africa's October corn exports at 172,501 MT. May-Oct exports rose 223% on year to 1.566 MMT

- SAGIS said that S. Africa didn’t import any corn in May-Oct 2017 compared to the 1.293 MMT imported in May-Oct 2016

- Russian farmers harvested 11.55 MMT of corn from 77.4% of the planned area as of Nov 27, down from 13.75 MMT a year ago. Yields totalled 5.16 mt/ha vs. 5.79 mt/ha a year ago

- Russian farmers harvested 21.7 MMT of barley from 98.2% of the planned area as of Nov 27, up from 19.06 MMT a year ago. Yields totalled 2.79 mt/ha up from 2.35 mt/ha a year ago

- Ukrainian farmers as of Nov 24 harvested 20.6 MMT of maize from 3.9 million hectares (or 86% from total area of 4.5 million ha) with yields at 5.32 mt/ha

- Ukraine's GPZKU has supplied around 300,000 MT of grain to China's CCEC this season. GPZKU also exported 410,000 MT of grain to other buyers

SOYBEAN

- Nov 29 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for Jan 15-30 delivery

- Nov 28 - South Korea’s Agro-Fisheries & Food Trade Corp bought a total 25,000 MT of non-GM soybeans for Dec 2018-Jun 2019 arrival. They had been seeking 170,000 MT. They are expected to re-issue tender for remainder at later date

- Nov 28 - Argentina registered 404,900 MT of soymeal for export

- US soybean export inspections for week, ending Nov 23, reported 1,578,592 MT, near the lower end of trade estimates (1.5-1.8 MMT). Inspections for the 2017/18 marketing year are running 13.5% behind of year-ago

- Weekly US soybeans export sales data for week ended Nov 16 of 903,600 MT, incl. 869,100 MT for 2017/18 (below the expectations of 1.0-1.4 MMT). Export commitments for 2017/18 are running 17% behind of year-ago

- IGC kept its forecast for 2017/18 global soybean production almost unchanged at 347.8 MMT (350.1 MMT in 2016/17). IGC raised global 2017/18 soybean carryover to 41.1 MMT (45.1 MMT in 2016/17), up by 2.5 MMT from prior month

- Brazilian grain exporters association Anec raised its estimate for soybean exports this year to 66-67 MMT from 66 MMT earlier. Brazil's soybean exports in 2018 are expected at 67 MMT

- Agroconsult forecasts Brazil's 2017/18 soybean crop at 111 MMT (114.7 MMT in 2016/17), if weather conditions would be good – 115 MMT

- AgRural reports Brazilian farmers have planted 84% of the expected soy area so far in the 2017/18 vs. 83% year ago and vs. 79% five-year average

- Argentina's Ag Min raised its soybean acreage estimate for the 2017/18 to 16.8 million hectares from 16.68 mln ha in October, down 6.7% from 18 mln ha in 2016/17

- Argentina's Ag Min expects the country to plant 1.73 million hectares of sunflower seed for the 2017/18, down 7% from 1.86 mln ha in 2016/17

- Buenos Aires Grain Exchange expects Argentina’s 2017/18 soybean acreage at 18.1 mln ha, down 5.7% from the previous crop year. About 34% of the crop has been planted as of Nov 22 vs. 33.7% this time last year

- Buenos Aires Grain Exchange estimates Argentina’s 2017/18 sunflower seed acreage at 1.75 mln ha (1.7 mln ha in 2016/17). About 90.1% of the crop has been planted as of Nov 22 vs. 90.6% this time last year

- China imported 5.856 MMT of soybeans during October up 12.4% from year-ago. China's Jan-Oct soybean imports rose 15.3% on year to 77.306 MMT

- China's October soybean oil imports rose 19.4% from year-ago level to 59,397 MT. China's Jan-Oct soy oil imports rose 36.1% on year to 604,772 MT

- China's October rapeseed imports rose by 398% on year to 306,167 MT. China's Jan-Oct rapeseed imports rose 31.2% on year to 3.959 MMT

- China's October rapeseed oil imports fell by 21.8% on year to 42,072 MT. China's Jan-Oct rapeseed oil imports increased 16.1% on year to 655,869 MT

- China's October sunflower oil imports up 73.4% on year to 38,469 MT. China's Jan-Oct sunflower oil imports fell 28.7% on year to 535,207 MT

- China's October palm oil imports rose 77.7% on year to 480,114 MT. China's Jan-Oct palm oil imports totalled 3.964 MMT, up 18.3% on year

- Russian farmers harvested 9.26 MMT of sunseed from 77% of the planned area as of Nov 27, down from 10.97 MMT a year ago. Yields totalled 1.53 mt/ha vs. 1.59 mt/ha a year ago

- Russian farmers harvested 3.69 MMT of soybeans from 95.9% of the planned area as of Nov 27, up from 3.17 MMT a year ago. Yields totalled 1.5 mt/ha vs. 1.55 mt/ha a year ago

- Russian farmers harvested 1.58 MMT of rapeseed from 91.8% of the planned area as of Nov 27, up from 1.08 MMT a year ago. Yields totalled 1.75 mt/ha vs. 1.21 mt/ha a year ago

- Ukrainian farmers as of Nov 24 harvested 11.9 MMT of sunseed from 5.91 million hectares (99% of plan) with yields of 2.01 mt/ha

- Ukrainian farmers as of Nov 24 harvested 3.7 MMT of soybeans from 1.9 million hectares (96% of plan) with yields of 1.92 mt/ha

- Indonesia will maintain export tax for crude palm oil at zero for December, eighth consecutive month, as the CPO reference price is seen at below the 750 $/mt

- Malaysia will cut its crude palm oil export tax to 6% in December, down from 6.5% in November. Malaysia calculated a reference price of 2,833.25 MYR/mt (677 $/mt) for December

- Surveyor SGS estimated Malaysia's November 1-25 palm oil exports at 1,094,318 MT down 8.6% from a month ago

- Surveyor Intertek Testing Services estimated Malaysia's November 1-25 palm oil exports at 1.079 MMT down 8.4% from a month ago

PARIS GRAIN DAY 2018

III АГРАРНИЙ ЕКСПОРТНИЙ ФОРУМ