WHEAT

- Oct 29 - Egypt's GASC seeks cargos of 55-60 TMT of optional origin wheat for Dec 1-10 shipment

- Oct 29 - Algeria's OAIC seeks at least 50,000 MT of optional origin durum wheat for Dec-Jan shipment

- Oct 28 - Iraq again extended its tender for hard milling wheat with offers now remaining valid until November 4

- Ethiopia's 1 MMT wheat tender, which closed on Friday, Oct 23, with the lowest offer 233.26 $/mt c&f free out Djibouti, is still being negotiated, as Ethiopia attempts to encourage other traders to match the lowest offer

- Oct 28 - Jordan has made no purchase in its tender for 100,000 MT of hard milling wheat

- Algerian customs data showed cumulative grain imports at 9.92 MMT over the first nine months of 2015 (Jan-Sept), up 7.6% from last year's pace, incl.:

  • 4.95 MMT of soft wheat, up 21%
  • 1.22 MMT of durum wheat, down 20.8%
  • 3.14 MMT of corn, up 1.6%
  • 611,922 MT of barley, up 25.8%

- USDA attaché in Australia estimated the country's 2015/16 wheat harvest at 24 MMT, below USDA's official estimate of 27 MMT

- Rusagrotrans estimates total Russian grain exports this month at 3.5 MMT, up marginally from 3.42 MMT a year ago; and forecasts November exports at 3.2 MMT versus 2.98 MMT in Nov 2014

- Russian Ag Min will consider canceling or changing the wheat export tax when foreign exchange rate stabilizes

- Solaris Commodities said that they expect wheat production in Russia next year to not be as generous as in 2014 and 2015, and maybe come in at around 55 MMT

CORN

- Mexico bought Brazilian corn for Feb-March shipment

- Brazil's grain exports could triple in November from a year earlier as a weaker Brazilian currency makes the country's exports more competitive, shipping lineup data showed, with corn in particular in high demand after a record harvest

- The surprisingly strong showing by Argentina's opposition presidential candidate Mauricio Macri last weekend could prompt higher than expected corn exports at a time when US farmers are already nervous about their competitiveness. Macri says he would scrap corn and wheat export curbs and eliminate export taxes on both crops

- Oct 28 - European Parliament rejected a draft law that would have allowed member states to ban the use of EU-approved genetically modified food and feed on their territory

- US Ethanol production for the week ended Oct 23 decreased by 7,000 barrels to 944,000 barrels per day, it is up 0.7% from last year's level (937,000 bpd). Stocks fell by 599,000 barrels to 18.273 million barrels, but up 7.2% vs. 17.039 million barrels a year ago

SOYBEAN

- France bought 40,000 MT of Argentine soymeal for March

- Italy bought 45,000 MT of Argentine soymeal for new crop

- Poland bought Argentine soymeal for 2016

- Mexico seeks soymeal for January

- China has been buying US soybeans recently. However, global demand is expected to shift to South America when Brazil and Argentina harvest their crops early next year

- Rain showers in Brazil will help farmers move forward with planting a soybean crop that is expected to reach a record 100 MMT

- Traders say Australia is not planning 2015/16 canola exports as crop will just meet domestic needs