WHEAT

- Sept 9 - Taiwan Flour Millers' Association bought 87,900 MT of US milling wheat in two consignments:

  • The first consignment from CHS has an additional charge of 25.75 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Oct 29-Nov 12:
    • 21,850 MT of dark northern spring wheat (14.5% protein) at 248.59 $/mt fob;
    • 11,000 MT of hard red winter wheat (13% protein) at 233.32 $/mt fob;
    • 17,050 MT of soft white wheat (9% protein) at 201.6 $/mt fob.
  • The second consignment from Cargill has an additional charge of 31.04 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Nov 15-29:
    • 26,303 MT of dark northern spring wheat (14.5% protein) at 248.2 $/mt fob;
    • 11,697 MT of hard red winter (13% protein) at 239.73 $/mt fob

- Sept 8 - South Korea's Major Feedmill Group (MFG) bought about 60,000 MT of optional origin feed wheat in a private deal from Cargill at 180.25 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for Jan 20 arrival

- Sept 7 - Algeria's OAIC bought 300,000-500,000 MT of optional-origin milling wheat, likely from France, UK, Germany, Poland and the US, at around 197 $/mt c&f for Oct-Nov shipment

- Romanian Cerealcom Dolj said on Thursday, Sept 8, it had declined to ship wheat to Egypt because of new rules about ergot fungus content, refuting reports that Egyptian inspectors had rejected a 63,000 MT cargo. Romania's Ag Min said on Friday, Sept 9, that a wheat shipment destined for Egypt that a Romanian exporter declined to ship had traces of ergot fungus (0.0001%)

- Grain trading company Medsofts plans to re-export a shipment of 31,000 MT of Russian wheat it has been unable to unload in Egypt since July 22 due to ergot issue

- Weekly US wheat export sales data for week ended Sept 1 totalled 662,100 MT, incl. 661,100 MT for 2016/17 (topped trade expectations of 300-500 TMT). Export commitments for 2016/17 are running 21% ahead of year-ago

- EU in week ended Sept 6 granted licenses to export 521 TMT of soft wheat, bringing the total this season to 5.063 MMT vs. 3.691 MMT a year ago

- Czech Statistics Bureau raised its wheat production forecast to 5.28 MMT from 5.03 MMT previously, slightly up from 5.27 MMT in 2015

- Kazakhstan could export 8.5 MMT of grain in 2016/17, slightly up from 8.369 MMT in the previous season

- Kazakh farmers harvested 13.21 MMT of all grains as of Sept 9, up from 5.32 MMT a year ago. Yields totalled 1.49 mt/ha up from 1.12 mt/ha a year ago

- Russian farmers harvested 68.68 MMT of wheat from 82.1% of the planned area as of Sept 9, up from 53.36 MMT a year ago. Yields totalled 3.02 mt/ha up from 2.79 mt/ha a year ago

- Russian farmers have planted 6.4 million hectares (36.9% of the planned area) of winter crops as of September 9 down vs. 5.98 mln ha a year ago

CORN

- Sept 9 - China sold 651,489 MT of 2014 corn from state reserves, or 64% of the offered amount (1,017,303 MT), at average price of 1,615 RMB/mt (242 $/mt)

- Sept 9 - China sold 295,922 MT of 2013 corn from state reserves, or 12.4% of the offered amount (2,395,525 MT), at average price of 1,605 RMB/mt (240 $/mt)

- Sept 8 - South Korea's Nonghyup Feed Inc (NOFI) bought 62,000 MT of optional origin corn in a direct deal at 187.95 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for Dec 10 arrival

- Sept 8 - South Korea's Major Feedmill Group (MFG) bought 69,000 MT of optional origin yellow corn at 188.45 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for Dec 20 arrival

- Weekly US corn export sales data for week ended Sept 1 of 1,123,800 MT, incl. 1,093,300 MT for 2016/17 (topped trade expectations of 800-1100 TMT). Export commitments for 2016/17 are running 86% ahead of year-ago

- EU in week ended Sept 2 awarded licenses to import 20,800 MT of Ukrainian barley under an annual duty-free quota, bringing the total to 227,625 MT or 91.05% out of a total volume of 250,000 MT available in 2016

- EU in week ended Sept 6 awarded 125 TMT of corn (maize) import certificates, taking the volume so far this season to 1.512 MMT vs. 1.393 MMT a year ago

- EU in week ended Sept 6 granted licenses to export 53 TMT of corn, bringing the total this season to 342 TMT vs. 328 TMT a year ago

- EU in week ended Sept 6 granted licenses to export 39 TMT of barley, bringing the total this season to 1.021 MMT vs. 2.734 MMT a year ago

- FranceAgriMer estimated France's corn condition as 55% in good to excellent as of Sept 5, down 5% points from the prior week and below the year-ago score of 56%

- Czech Statistics Bureau raised its barley crop estimate to 1.82 MMT from 1.73 MMT previously, but down from 1.99 MMT in 2015

- Russian farmers harvested 17.87 MMT of barley from 90% of the planned area as of Sept 9, up from 15.56 MMT a year ago. Yields totalled 2.38 mt/ha up from 2.32 mt/ha a year ago

- Russian farmers harvested 866,400 MT of maize from 5.9% of the planned area as of Sept 9, down from 1.39 MT a year ago. Yields totalled 5.07 mt/ha up from 5.03 mt/ha a year ago

- Ukrainian farmers harvested 254,400 MT of maize from 1.5% of the planned area as of Sept 8, up from 176,800 MT a year ago. Yields totalled 3.98 mt/ha down from 4.09 mt/ha a year ago

- Buenos Aires Grain Exchange left its 2015/16 Argentine corn crop estimate unchanged from prior week at 28 MMT (28.2 MMT in 2014/15). Harvesting of Argentine corn crop was 98.4% completed with 27.64 MMT as of Sept 8 vs. 100% last year

- US Ethanol production for the week ended Sept 2 decreased by 25,000 barrels to 998,000 barrels per day, up 4.2% from last year's level of 958,000 bpd. Stocks fell by 272,000 barrels from the week prior to 20.654 million barrels, up 10.8% vs. 18.642 million barrels a year ago

SOYBEAN

- Sept 9 - China sold 141,469 MT of soybean produced in 2012 and 2013 from state reserves, or 23.5% of the offered amount (600,953 MT) at an average price of 3,267 RMB/mt (489 $/mt)

- Sept 8 - Argentina grants export licenses for 33,000 MT of soybeans and 1,147,590 MT of soymeal

- Weekly US soybean export sales data for week ended Sept 1 of 1,776,800 MT for 2016/17 (above trade expectations of 1.1-1.5 MMT). Export commitments for 2016/17 are running 40% ahead of year-ago

- Brazil's 2016/17 soybean crop seen at record 101-105 MMT

- Czech Statistics Bureau raised country's 2016 rapeseed harvest estimate to 1.35 MMT from 1.31 MMT previously, up from 1.26 MMT last year

- Buenos Aires Grain Exchange expects Argentina's 2016/17 sunseed acreage at 1.6 mln ha. Exchange estimates 25.4% of the crop has been planted as of Sept 8 vs. 19.5% this time last year

- Ukrainian farmers harvested 1.51 MMT of sunseed from 13% of the planned area as of Sept 8, down from 1.24 MMT a year ago. Yields totalled 1.96 mt/ha up from 1.92 mt/ha a year ago

- Ukrainian farmers harvested 343,600 MT of soybean from 9.2% of the planned area as of Sept 8, down from 461,400 MT a year ago. Yields totalled 2.02 mt/ha up from 1.73 mt/ha a year ago

- Ukrainian farmers have planted 610,300 hectares of winter rapeseed (84.3% of plan) as of Sept 8 up from 409,200 ha a year ago

- Russian farmers harvested 852,400 MT of sunseed from 5.3% of the planned area as of Sept 9, down from 1.12 MMT a year ago. Yields totalled 2.16 mt/ha, unchanged from a year ago

- Russian farmers harvested 292,900 MT of soybean from 7.3% of the planned area as of Sept 9, down from 443,800 MT a year ago. Yields totalled 1.83 mt/ha up from 1.7 mt/ha a year ago

- Russian farmers harvested 633,500 MT of rapeseed from 46.6% of the planned area as of Sept 9, up from 561,800 MT a year ago. Yields totalled 1.37 mt/ha down from 1.62 mt/ha a year ago