WHEAT

- Nov 3 - Jordan tenders again for 100,000 MT of optional-origin hard milling wheat

- Oct 29 - Egypt's GASC bought 240,000 MT of wheat (120 TMT of French, 60 TMT of Polish and 60 TMT of Romanian) for December 1-10 delivery:

  • 60 TMT of Romanian wheat from Ameropa at 206.86 $/mt c&f (199.99 $/mt fob+6.87 $/mt freight from Ameropa)
  • 60 TMT of Polish wheat from ADM at 209.17 $/mt c&f (195.74 $/mt fob+13.43 $/mt freight from Mina Egypt)
  • 60 TMT of French wheat from Soufflet at 211.76 $/mt c&f (197.64 $/mt fob+14.12 $/mt freight from United Marine)
  • 60 TMT of French wheat from Bunge at 209.86 $/mt c&f (198.24 $/mt fob+11.62 $/mt freight from United Marine)

- Egypt's strategic wheat reserves are enough to last until the middle of April

- Israel bought an unknown volume (probably 35,000 MT) of optional origin feed wheat at 194.75 $/mt c&f. Israel was tendering for up to 35,000 MT of feed wheat

- Mexico bought 30,000 MT of French wheat

- Weekly US wheat export sales data for week ended October 22 – 550,500 MT, incl. 550,300 MT for 2015/16, slightly above the high end of a range of market forecasts (350-550 TMT)

- EU in week ended October 27 granted licenses to export 371 TMT of soft wheat, bringing the total this season to 6.841 MMT vs. 9.091 MMT a year ago

- FranceAgriMer estimated soft wheat planting 78% done as of Oct 26, ahead of last year's pace of 70%; durum planting 33% done vs. 18% a year ago

- CBH Group pegged all grain production from Western Australia during the 2015/16 season at 13 MMT, down from its previous estimate of 13.5 MMT

- CBH Group decreased its Western Australia's 2015/16 wheat crop estimate to 7.8 MMT from previous 8.4 MMT and vs. ABARES's Sept forecast of 9.53 MMT

- Australia's wheat crop could face quality downgrades as parts of the country's eastern grain belt are forecast to receive heavy rains in the days ahead, potentially damaging the crop which is ready for harvest. Dry weather in September and above average temperatures this month have already curbed yields of high-protein Australian prime hard wheat

- Buenos Aires Grain Exchange forecasts Argentina's 2015/16 wheat crop at 9.5 MMT, a 19% decline from 2014/15

- International Grains Council (IGC) trimmed its global wheat output projection for 2015/16 by 1.2 MMT to still a record 725.9 MMT (720.5 MMT in 2014/15), on worsening prospects in the US (to 55.8 from 58.5 MMT), Australia (to 24 from 25.5 MMT) and Argentina (to 10.4 from 10.9 MMT), while upward revisions included the EU (to 157.7 from 155.5 MMT), Canada (to 26.1 from 25.5 MMT), Russia (to 60.6 from 60 MMT) and Ukraine (to 26 from 25.5 MMT). Global wheat ending stocks were revised downwards by 2.2 MMT to 208.5 MMT (200.8 MMT in 2014/15)

- IGC said that planting of winter wheat for the 2016/17 harvest is well advanced. A small fall in global all-wheat area is envisaged, but area will still likely be above the average in the prior five years

CORN

- Israel bought an unknown volume (probably 65,000 MT) of optional origin corn, possibly Black Sea origin, at 178.75 $/mt c&f for Dec 25-Jan 20, 180 $/mt c&f for Jan 25-Feb 15 and 181.5 $/mt c&f for Feb 20-March 10 shipment. Israel was tendering for up to 125,000 MT of corn

- South Korea's KFA (Korean Feed Association) rejected all offers and made no purchase in a tender for 65,000 MT of optional origin corn for April shipment, due to high prices, the lowest offer was at 195.98 $/mt c&f+1.50 $/mt surcharge for additional port unloading

- Weekly US corn export sales data for week ended Oct 22 - 708,800 MT for 2015/16, well above analyst expectations of 300-500 TMT

- EU in week ended Oct 27 granted licenses to export 8 TMT of corn, bringing the total this season to 536 TMT vs. 819 TMT a year ago

- EU in week ended Oct 27 awarded 574 TMT of corn (maize) import certificates, taking the volume so far this season to 2.891 MMT vs. 2.456 MMT a year ago

- FranceAgriMer said 56% of France's corn crops were in good to excellent condition as of Oct 26, unchanged from the prior week, but still well below vs. 90% a year ago. Harvesting of French corn crop was 75% completed as of Oct 26, well ahead of last year's pace of 52%

- Buenos Aires Grain Exchange estimated corn planting 33.4% done as of Oct 29 vs. 35.6% a year ago. The exchange forecasts country's corn planting area at 2.72 mln ha this year vs. 3.4 mln ha in 2014/15

- IGC raised its forecast of global corn production in 2015/16 by 2.8 MMT to 969.7 MMT, but below the prior season's record of 1,011.1 MMT; Ukrainian and S. African crops were revised down by 0.5 MMT each to 23.5 MMT and 12.5 MMT respectively, while upward revisions included Brazil (to 81.4 from 78 MMT) and US (to 342.3 from 340 MMT). IGC raised its forecast for 2015/16 global corn carryover by 0.9 MMT from last month to 200 MMT (204.7 MMT in 2014/15)

BARLEY

- Israel rejected offers for 15,000 MT of feed barley

- EU in week ended Oct 27 granted licenses to export 69 TMT of barley, bringing the total this season to 4.188 MMT vs. 2.917 TMT a year ago

- FranceAgriMer estimated winter barley planting 92% done as of Oct 26, ahead of last year's pace of 87%. About 96% of France's winter barley crops were in good to excellent condition as of Oct 26 vs. 95% a year ago

- IGC raised its global barley output projection for 2015/16 by 2 MMT to 145 MMT, up 2% from the previous season, with increased forecasts from last month for the EU and Canada. The world stocks figure at a six-year high of 29 MMT, trimmed marginally from Sept estimate

SOYBEAN

- Oct 29 - South Korea's NOFI got the lowest offer in its tender for 55,000 MT of South American soymeal at 363.85 $/mt c&f+1.50 $/mt surcharge for additional port unloading for March 28-April 16 shipment

- Tunisia bought 12,000 MT of Canadian soyoil

- India bought 50-100,000 MT of old crop South American soybean oil this week

- Indian buyers have contracted to import 7,000-10,000 MT of non-GMO soymeal for Oct-Dec shipments from China, Ukraine at around 350 $/mt for the first time in years after prices in the local market spiked due to sharply lower soybean production

- Imports of GMO (genetically modified) soymeal is not allowed in India

- India had exported 1.05 MMT of soymeal in 2014/15 season ended Sept 30, down from 2.5 MMT a year ago

- Weekly US soybean export sales data for week ended Oct 22 – 2.156 MMT, incl. 2,087.4 TMT for 2015/16, topping the market forecasts (1.6-2 MMT)

- CNGOIC expects China's soybean imports to hit 22 MMT in Q4, up 18% from a year ago, but down from 24.5 MMT in Q3

- IGC raised its global 2015/16 soybean production forecast by 1.9 MMT to 319.1 MMT (321.5 in 2014/15), on improved prospects for South American and EU crops, but slightly lowered global carryover by 0.2 MMT from last month to 49.1 MMT (47.2 MMT in 2014/15)

- Buenos Aires Grain Exchange estimated sunflower planting 41.2% done as of Oct 29, up 5.1% on the week, but down vs. 51.1% a year ago. The exchange forecasts country's sunflower planting area at 1.45 mln ha this year vs. 1.3 mln ha in 2014/15