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WHEAT

- Dec 7 - Japan seeks 154,694 MT of food wheat for Jan-Feb shipments:

  • 11,100 MT of western white US wheat;
  • 23,200 MT of hard red winter US wheat;
  • 30,195 MT of dark northern spring US wheat;
  • 65,889 MT of Canadian western red spring wheat;
  • 24,310 MT of Australian standard white wheat

- Dec 6 - Jordan seeks 100,000 MT of optional-origin milling wheat for March-April shipment

- Dec 1 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 495,000 MT of hard wheat (12.5% protein) of EU, North and South American and Australian origin at an average price of 230.53 $/mt c&f in 8 consignments for Feb-Apr shipment to the ports of Jeddah (309 TMT) and Dammam (186 TMT):

  • Jeddah Sea Port:
    • 63,000 MT from Holbud Ltd at 228.21 $/mt c&f (Feb 1-10);
    • 63,000 MT from Holbud Ltd at 228.82 $/mt c&f (Feb 20-28);
    • 60,000 MT from Soufflet Negoce at 226.94 $/mt c&f (Mar 10-20);
    • 60,000 MT from Casillo at 228.69 $/mt c&f (Mar 20-30);
    • 63,000 MT from Holbud Ltd at 228.71 $/mt c&f (Apr 1-10).
  • Dammam Sea Port:
    • 63,000 MT from Holbud Ltd at 235.32 $/mt c&f (Feb 1-10);
    • 60,000 MT from Soufflet Negoce at 231.74 $/mt c&f (Mar 1-10);
    • 63,000 MT from Holbud Ltd at 235.57 $/mt c&f (Apr 1-10)

- Dec 1 - Taiwan Flour Millers' Association bought 81,780 MT of US milling wheat in two consignments:

  • The first consignment has an additional charge of 35.22 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Jan 16-30:
    • 19,300 MT of dark northern spring wheat (14.5% protein) from Itochu at 284.23 $/mt fob;
    • 13,850 MT of hard red winter wheat (12.5% protein) from United Grain Corp at 232.56 $/mt fob;
    • 6,150 MT of soft white wheat (9% protein) from Itochu at 194.86 $/mt fob.
  • The second consignment has an additional charge of 33.91 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Feb 2-16:
    • 23,180 MT of dark northern spring wheat (14.5% protein) from Itochu at 289.39 $/mt fob;
    • 14,150 MT of hard red winter wheat (12.5% protein) from United Grain Corp at 235.87 $/mt fob;
    • 5,150 MT of soft white wheat (9% protein) from United Grain Corp at 197.12 $/mt fob

- Dec 1 - Japan bought 151,853 MT of food wheat for Jan-Feb shipments:

  • 10,922 MT of western white US wheat;
  • 21,780 MT of hard red winter US wheat;
  • 24,728 MT of dark northern spring US wheat;
  • 69,642 MT of Canadian western red spring wheat;
  • 24,781 MT of Australian standard white wheat

- Dec 5 - China sold 248,654 MT of wheat from state reserves or 12.5% of the offered amount at auction at average price of 2,508 RMB/mt (379 $/mt)

- Dec 5 - China auctioned 3,6 MT of imported wheat from state reserves, or 2.8% of the offered amount (129,398 MT) at average price of 2,514 RMB/mt (380 $/mt)

- Dec 5 - Argentina registered 56,240 MT of wheat for export

- Dec 1 - Argentina registered 230,470 MT of wheat for export

- Argentina in November registered for export 1.517 MMT of wheat and 58,053 MT of wheat flour

- US wheat export inspections for week, ending Nov 30, recorded 409,569 MT, near the upper end of trade expectations (250-450 TMT). Inspections for 2017/18 are running 6.6% behind of year-ago

- Russia’s Ag Min said Russia exported about 21.829 MMT of grain between July 1-Nov 29, 2017/18, up by 29.9% from 16.809 MMT a year ago, including:

  • wheat – 16.937 MMT (13.212 MMT in 2016/17);
  • barley – 3.001 MMT (1.676 MMT);
  • corn – 1.749 MMT (1.83 MMT);
  • others – 142 TMT (91 TMT)

- Russia has 3,967,600 MT of grain in its federal intervention fund as of Dec 1 vs. 3,770,300 MT a year-ago

- Russian farmers harvested 88.04 MMT of wheat from 99.1% of the planned area as of Dec 5, up from 75.86 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 Dec 5, down vs. 17.34 mln ha a year ago

- Crimea has exported 600,000 MT of grain to India, Saudi Arabia and Syria

- IKAR raised its forecast of Russia's 2017/18 wheat exports by 1.3 MMT to 35.3 MMT and upped its estimate for 2017/18 total grain export from 44.5 MMT to 46 MMT

- ABARES cut its forecast of 2017/18 Australian wheat crop to a 10-year low of 20.27 MMT from previous estimate of 21.614 MMT in Sept, down 42% from the record 35.009 MMT in 2016/17

- 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 31.4% completed as of Nov 29, ahead of last year’s pace of 28.9%

- European Commission (EC) raised its estimate for 2017 EU usable soft wheat production to 142.5 MMT from 141.5 MMT last month (133.8 MMT last year). EU's executive kept its EU soft wheat exports forecast at 27 MMT in 2017/18, up from 25.1 MMT in 2016/17. Soft wheat inventories in the region are forecasted to total 12.7 MMT (11.6 MMT – previous estimate) by the end of June 2018 vs. 10.2 MMT in 2016/17

- FranceAgriMer estimated winter wheat planting 99% done as of Nov 27, ahead of last year’s pace of 98%; crop condition is estimated as 96% in good to excellent, unchanged from the prior week but above the year-ago score of 94%. Also French farmers have planted 86% of durum as of Nov 27 vs. 87% at the same time a year ago; crop condition is estimated as 83% in good to excellent, down 2% points from the prior week and below the year-ago score of 93%

- Egypt is planning to plant 3.74 million acres of wheat this season, up from 3.11 million last year. Egypt’s wheat harvest typically runs from about April through July and cultivation is currently underway. Last harvest the government procured about 3.4 MMT of local wheat

CORN

- Dec 7 - Turkey's TMO seeks 60,000 MT of corn (5x12 TMT) for Dec 15-Jan 12 shipment

- Dec 7 - Turkey's TMO seeks 84,000 MT of barley (7x12 TMT) for Dec 15-Jan 12 shipment

- Dec 5 - South Korea's KOCOPIA bought 55,000 MT of optional-origin corn at 193.48 $/mt c&f including surcharge for additional port unloading for Mar 20 arrival

- Dec 5 - USDA announced export sales of 162,000 MT of US grain sorghum for delivery to China during 2017/18

- Dec 5 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley

- Dec 1 - USDA announced export sales of 130,000 MT of US corn for delivery to unknown destinations during 2017/18

- Dec 1 - Argentina registered 22,000 MT of malting barley for export

- Argentina in November registered 1.523 MMT of corn for export

- Argentina in November registered for export 63,500 MT of malting barley and 40,606 MT of malt

- US corn export inspections for week, ending Nov 30, reported 586,213 MT, below market expectations (700-1000 TMT). Inspections for 2017/18 are running 42.8% behind of year-ago

- FC Stone forecasts Brazil's 2017/18 first corn crop (summer crop) at 23.44 MMT; second corn crop at 63.45 MMT and total corn crop at 86.89 MMT

- Brazil’s Trade Ministry reported November corn exports at 3.52 MMT, down from 5.028 MMT in October but well above the 961,434 MT in the year-ago month

- Brazil’s Trade Ministry reported November ethanol exports at 134.8 million litres, down from 152.9 mln litres in October but up from 40.4 mln litres last November

- Brazilian grain exporters association Anec trimmed its estimate for corn exports this year to 30 MMT from 33 MMT the week before, after corn exports slipped in November from October

- Safras & Mercado expects Brazil's corn production to drop by almost 17% in the 2017/18 crop cycle to 90.52 MMT compared with Safras estimate of 108.87 MMT 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 38.2% of the crop has been planted as of Nov 29, behind of last year’s pace (43.3%)

- Buenos Aires Grain Exchange expects Argentine 2017/18 sorghum acreage at 830,000 ha, a 3.8% increase from last year (800,000 ha in 2016/17). Exchange estimates 36% of the crop has been planted as of Nov 29 vs. last year’s pace of 46.3%

- EC raised its 2017 EU corn harvest forecast to 62.2 MMT from 58.5 MMT last month (62.8 MMT in 2016). Projected imports in new season kept at 15.0 MMT (13.6 MMT in 2016/17). EC raised its forecast for 2017/18 corn ending stocks to 17.4 MMT from 14.2 MMT previously (17.6 MMT in 2016/17)

- EC upped its 2017 EU barley harvest outlook to 58.7 MMT from 58.0 MMT last month, down from 59.5 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 6.7 MMT from 6.2 MMT previously and vs. 5.6 MMT in 2016/17

- FranceAgriMer estimated winter barley condition as 96% in good to excellent as of Nov 27, unchanged from the prior week but above the year-ago score of 92%

- ABARES lowered its forecast of 2017/18 Australian barley crop to 7.99 MMT from 8.009 MMT in Sept, down 40.4% from the record 13.414 MMT in 2016/17

- ABARES raised its forecast of 2017/18 Australian sorghum crop to 1.978 MMT from 1.84 MMT in Sept, up 94.5% from the 1.017 MMT in 2016/17

- Russian farmers harvested 12.03 MMT of corn from 80.4% of the planned area as of Dec 5, down from 14.08 MMT a year ago. Yields totalled 5.17 mt/ha vs. 5.82 mt/ha a year ago

- Russian farmers harvested 21.7 MMT of barley from 98.2% of the planned area as of Dec 5, up from 19.07 MMT a year ago. Yields totalled 2.79 mt/ha up from 2.35 mt/ha a year ago

- EIA estimated US ethanol production for September at 30.581 million barrels versus 32.447 million barrels in August and vs. 30.048 million barrels a year ago

- EIA reported September ethanol inventory at 21.485 million barrels, which is up 1.4% from August and up 3.7% from last year

- US corn consumed for alcohol and other uses was 523 million bushels in Oct 2017, up 5% from Sept 2017 and up 3% from Oct 2016

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 1.96 million tons during Oct 2017, up 6% from Sept 2017 and up 2% from Oct 2016

- US wet mill corn gluten feed production was 353 thousand tons during Oct 2017, up 10% from Sept 2017 and up 3% from Oct 2016

SOYBEAN

- Dec 12 - South Korea’s Agro-Fisheries & Food Trade Corp seeks a total 55,000 MT of non-GM soybeans for Apr-Aug 2019 arrival

- Dec 5 - Argentina registered 236,500 MT of soymeal for export

- Dec 1 - Argentina registered for export 36,500 MT of soymeal and 90,700 MT of soybean oil

- Argentina in November registered for export 152,300 MT of soybeans, 1.576 MMT of soymeal and 182,596 MT of soybean oil

- Argentina in November registered for export 18,336 MT of sunflower oil and 31,363 MT of sunflower meal

- Nov 29 - Iran's SLAL bought 120,000 MT of soymeal from Argentina or Brazil in two consignments for shipment Dec 22-Jan 21 and Feb 9-Mar 11

- US soybean export inspections for week, ending Nov 30, reported 1,800,819 MT, topped trade estimates (1.2-1.5 MMT). Inspections for the 2017/18 marketing year are running 12.5% behind of year-ago

- USDA estimated US October soybean crush for crude oil at 5.277 million short tons, a 21% increase from September, topped the average market expectation (5.242 mln tons, or 174.7 mln bu, 171-175.8 – range), just above last year level (5.276 mln tons in Oct 2016). Crude soyoil stocks fell to 1.3 billion lbs as of Oct 31 from 1.401 in Sept, below the 1.437 bln lbs a year ago, while refined oil stocks were at 325.863 million lbs as of Oct 31 vs. 310.036 in Sept and 357.828 in Oct 2016. Oct US soy cake and meal stocks were at 350,935 tons vs. 353,758 in Sept and vs. 335,413 tons a year-ago

- FCStone raised forecast of the Brazilian 2017/18 soybean production to 107.6 MMT, up from its earlier estimate of 106.07 MMT

- Brazil’s Trade Ministry reported November soybean exports at 2.143 MMT, down from 2.487 MT in October but above the 316,094 MT a year ago. Also Brazil exported 1.071 MMT of soymeal in November versus 1.276 MMT the month before and 867,679 MT a year ago; and 73,501 MT of soyoil compared to 115,602 MT in October and 56,968 MT a year ago

- 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 42.5% of the crop has been planted as of Nov 29 vs. 46% 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 95% of the crop has been planted as of Nov 29 vs. 97% this time last year

- Strategie Grains forecast the EU's 2018/19 rapeseed production would reach 22.6 MMT, up from an estimated 21.7 MMT in 2017/18

- Strategie Grains forecast that EU's 2018/19 sunflower seed output would fall in 2018/19 to 9 MMT from 9.26 MMT this season

- Strategie Grains forecast the EU's 2018/19 soybean production at 2.7 MMT, up from an estimated 2.58 MMT in 2017/18

- EC cut its 2017 EU rapeseed harvest estimate to 21.7 MMT from 22.3 MMT previously, up 8.3% from 20.1 MMT in 2016

- EC maintenance its 2017 EU soybean harvest view at 2.75 MMT, up 10.5% from 2.49 MMT in 2016

- EC raised its 2017 EU sunflower crop forecast to 10.25 MMT from 9 MMT in October, up 20% from 8.54 MMT in 2016

- ABARES upped its forecast of 2017/18 Australian canola crop to 2.852 MMT from 2.753 MMT in Sept, down 31% from the 4.136 MMT in 2016/17

- Russian farmers harvested 9.79 MMT of sunseed from 81.6% of the planned area as of Dec 5, down from 11.02 MMT a year ago. Yields totalled 1.53 mt/ha vs. 1.59 mt/ha a year ago

- Russian farmers harvested 3.71 MMT of soybeans from 96.2% of the planned area as of Dec 5, 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 Dec 5, up from 1.08 MMT a year ago. Yields totalled 1.75 mt/ha vs. 1.21 mt/ha a year ago

- India's rapeseed and mustard output is set to drop by at least 10% for the 2017/18 crop year. India produced a record 6.73 MMT of rapeseed during the 2016/17 marketing year that ended on Oct 31

- EIA said US September biodiesel production at 147 million gallons vs. 149 million gallons in August and vs. 135 million gallons a year ago

- EIA said 604 million lbs. of soybean oil used for biodiesel in September (57% of feedstock used to produce biodiesel) vs. 608 million lbs. in August and vs. 537 million lbs. a year ago

PARIS GRAIN DAY 2018

III АГРАРНИЙ ЕКСПОРТНИЙ ФОРУМ