WHEAT

- Syria has received around 100,000 MT of wheat as aid from Russia

- Algeria bought about 350,000 MT of durum wheat, likely from Canada, at prices around 328-330 $/mt for Dec-Jan shipment

- USDA said 88% of the US winter wheat is planted as of November 1, below market expectations (89%) and last year's pace (89%) and the 5-year average pace of 90%. USDA estimated winter wheat condition at 49% good to excellent as of Nov 1, up from 47% on previous week, but down vs. 59% a year ago and slightly below market expectations (50%)

- US wheat export inspections for week, ending October 29, recorded 170,993 MT, well below analysts' estimates (275-400 TMT)

- US Wheat Associates estimated US 2015/16 wheat exports at 24-25 MMT vs. USDA's estimate of 23.13 MMT

- GrainCorp said that Australia's 2015/16 grain output likely to miss official targets

- USDA attaché in Ukraine estimated 2015/16 wheat crop at 27.55 MMT, largest crop since 1990, and vs. 24.74 MMT in 2014/15

- Ukraine's Ag Min and traders have reached a preliminary agreement to export no more than 16.5 MMT of wheat from the country in 2015/16 (July-June). Also traders can export 16 MMT of corn and 3.8 MMT of barley

- Severe drought across half of Ukraine has hit winter sowing and could sharply reduce (by 20%) the country's 2016 wheat harvest, hitting exports

- Russia's Ag Min estimates Russia's 2015 grain crop at 102 MMT by clean weight, down 3 MMT from a year ago

- SovEcon expects Russia's official grain exports would reach 3.7 MMT in October, up from 3.5 MMT in the same month a year ago

- USDA attaché in India lowered its forecast of country's 2015/16 wheat imports to 500,000 MT due to the recent increase in the import duty (to 25%) which precludes further wheat import in the marketing year. India's wheat imports during April through September 2015 are estimated at 429,000 MT

CORN

- USDA estimated 85% of the US's corn crop was harvested as of Nov 1, which compares to 62% last year and the five-year average of 79%. Traders expected corn harvest 81-88% (84% average) complete

- US corn export inspections for week, ending Oct 29, reported 477,438 MT, within analysts' expectations (475-625 TMT)

- USDA attaché in Ukraine estimated 2015/16 corn production at 22.76 MMT down 20% from 2014/15 (28.5 MMT)

- Indonesia's Stats Bureau estimated 2015 corn production at 19.83 MMT vs. previous estimate of 20.67 MMT, due to El Niño

- US total corn consumed for alcohol and other uses was 478.6 million bushels in September 2015, down 4% from August and down 4% from July 2015

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 1.91 million tons during September 2015, down 3% from August and down 5% from July 2015

- US wet mill corn gluten feed production was 312.5 thousand tons during September 2015, down 9% from August and down 6% from July 2015

- EIA estimated US ethanol production for August at 29.621 million barrels versus 30.256 million barrels in July and vs. 28.665 million barrels a year ago

- USDA attaché in Ukraine estimated 2015/16 barley crop at 8.98 MMT vs. 9.47 MMT in 2014/15

- New Brazilian truck strikes are being planned in protest against President Dilma

SOYBEAN

- Nov 2 - USDA announced export sales of 120,000 MT of US soybeans for delivery to China during 2015/16 and changes in destination of 188,832 MT of US soybeans for delivery during the 2015/2016 from unknown to China

- Nov 2 - USDA announced export sales of 20,000 MT of US soybean oil for delivery to unknown destinations during 2015/16

- India bought 2 cargos of Argentine soyoil for January shipment

- Pakistan is now in the market to export up to 50,000 MT of soymeal. Pakistan, traditionally a soymeal importer, has started soymeal exports after importing large volumes of soybeans in recent months. An initial sale of Pakistani-produced soymeal has been made to Sri Lanka

- Pakistan's soybean imports to rise to over 1.5 MMT in 2015/16, from 450,000 MT in 2014/15

- USDA said that 92% of the US soybean crop was harvested as of Nov 1, in line with market forecasts (92% average, 91-94%), but ahead of last year's pace of 81% and the five-year average of 88%

- US soybean export inspections for week, ending Oct 29, reported 2,560,567 MT, topping a range of trade forecasts (1.9-2.3 MMT)

- USDA estimated US September soybean crush for crude oil at 4.04 million tons, down vs. 4.34 million tons in August 2015 and 4.67 million tons in July 2015. Crude soyoil stocks are estimated at 1.481 billion lbs as of September 30 vs. 1.63 in Aug and 1.671 in Jul 2015, while refined oil stocks at 338,433 million lbs as of Sep 30 vs. 338,446 in Aug and 354,715 in Jul 2015. September US soy cake and meal stocks were 240,755 tons vs. 306,757 in Aug and 310,185 in Jul 2015

- EIA said US August biodiesel production at 123 million gallons vs. 121 million gallons in July and vs. 124 million gallons a year ago

- EIA said 464 million lbs of soybean oil used for biodiesel in August (51% of feedstocks used to produce biodiesel) vs. 446 million lbs in July and vs. 448 million lbs a year ago