WHEAT

- Nov 12 - Japan seeks 119,415 MT of food wheat for Dec-Feb shipment:

  • 23,084 MT of western white US wheat
  • 11,950 MT of hard red winter US wheat
  • 32,021 MT of dark northern spring US wheat
  • 32,470 MT of Canadian western red spring wheat
  • 19,890 MT of Australian standard white

- Nov 10 - Egypt's GASC seeks cargos of 55-60 TMT of wheat for Dec 11-20 shipment

- Egypt said it had signed a deal with the chamber of grain industries paving the way for state grain buyer GASC to supply imported wheat to the private sector as part of a drive to keep prices down. Under the protocol, the chamber of grain industries will receive requests from flour producers for wheat and present them to GASC at the beginning of each month and then GASC will determine the prices of the wheat and whether they will be delivered directly from the port or from the various wheat silos inside the country

- USDA said 92% of the US winter wheat is planted as of November 8, slightly below last year's pace (93%) and the 5-year average pace of 94%. USDA estimated winter wheat condition at 51% good to excellent as of Nov 8, up from 49% on previous week and slightly above market expectations (50%), but down vs. 60% a year ago

- US wheat export inspections for week, ending November 5, recorded 282,551 MT, within analysts' estimates (225-350 TMT)

- Nov 10 - Russia bought 80,460 MT of intervention grain (78,975 MT of wheat and 1,485 MT of barley) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 453,600 MT of Russian grain (435,780 MT of wheat, 7,425 MT of rye and 10,395 MT of barley). Separately Russia bought 47,652 MT of Crimean wheat in intervention fund between Aug 19-Nov 5 via tenders on Crimean Exchange. So, total 2015/16 intervention purchases so far reach 501,252 MT of grain (incl. 483,432 MT of wheat)

- Ukraine's Ag Min said Ukraine exported 14.548 MMT of grain between July 1-Nov 9, 2015 (vs. 12.998 MMT for the same period last year), including:

  • wheat – 7.961 MMT (vs. 6.857 MMT a year ago)
  • barley – 3.468 MMT (vs. 3.28 MMT)
  • corn – 3.058 MMT (vs. 2.72 MMT)
  • other grains – 53 TMT (vs. 141 TMT)

- Australia's east coast wheat avoids large-scale quality downgrades. Damage will likely be confined to about 1.5 MMT, about 25% of the crop, traders said. Maybe 1-1.5 MMT of wheat will be downgraded, but not necessarily to feed quality

- AgroInfoMarket forecasts Spanish 2016 soft wheat crop in 2016 at 5.67 MMT, up 8.6% on this year; 2016/17 Spanish imports at 3.75 MMT, down a little from 3.88 MMT this season

- USDA attaché in Brazil estimated country's 2015/16 wheat crop at 6 MMT, down from previous estimates due to heavy rains in southern regions

- USDA attaché in Argentina still projects the 2015/16 wheat crop at 10.2 MMT

- Saudi Arabia's cabinet has restructured its main wheat-buying agency, the General Silos and Flour Mills Organisation (GSFMO) and renamed it to the General Grains Organisation

CORN

- USDA estimated 93% of the US's corn crop was harvested as of Nov 8, which compares to 78% last year and the five-year average of 88%. Traders expected corn harvest 92-94% complete

- US corn export inspections for week, ending Nov 5, reported just 295,701 MT, well below the range of trade expectations (475-600 TMT)

- China mulls corn subsidies, destocking measures as market drops

- Independent truckers in Brazil started an indefinite strike on Monday, blocking traffic in a few states in the agricultural belt

- Brazilian farmers were aggressive on pricing their safrinha corn crop on the break in the Real, estimated at 50% sold already vs. 12-16% normally

- USDA attaché in Brazil expects the country's corn crop to decline 6% in 2015/16 as producers shift to soybean production

- USDA attaché in Argentina says there is still much uncertainty regarding 2015/16 corn production, but it maintained its forecast for a 21 MMT

- AgroInfoMarket forecasts Spanish corn production in 2016 at 10.92 MMT versus 10.40 MMT this year; 2016/17 Spanish corn imports at 6.1 MMT vs. 6.25 MMT this season, and ending stocks at 764 TMT compared to 738 TMT in 2015/16

- AgroInfoMarket forecasts Spanish barley harvest in 2016 at 7.47 MMT, up 10.3% on year, with 2016/17 imports dropping 27.6% to 0.55 MMT in

SOYBEAN

- Nov 9 - USDA announced export sales of 126,000 MT of US soybeans for delivery to China during 2015/16 and changes in destination of 256,740 MT of US soybeans for delivery during the 2015/2016 from unknown to China

- USDA said that 95% of the US soybean crop was harvested as of Nov 8, matching the market forecasts, but ahead of last year's pace of 89% and the five-year average of 93%

- US soybean export inspections for week, ending Nov 5, reported 2,026,509 MT, slightly below the range of trade forecasts (2.1-2.45 MMT)

- AgRural reports Brazil soybean planting advanced to 47% of the planned area last week, in line with last year's pace of 46%, but behind the five-year average of 57%

- Strategie Grains estimates EU 2015/16 soybean harvest at 2.1 MMT, up 13% from the prior year

- Strategie Grains raised its EU 2015/16 rapeseed crop estimate to 21.7 MMT from 21.4 MMT, but it's still down 11% from the prior year

- Strategie Grains trims its EU 2015/16 sunseed crop estimate to 7.8 MMT from 8 MMT, now down 13% from the prior year

- Indonesia's biodiesel consumption in 2015 estimated at 1.25 mln kiloliters