WHEAT

- Oct 4 - Bahrain seeks 25,000 MT of optional origin wheat, 11.5-13.5% protein, for Dec shipment and arrival by Jan 14. The tender deadline is Oct 4 and offers must be valid until Oct 5

- Sept 29 - Japan seeks 125,775 MT of food wheat for Oct-Nov shipment:

  • 41,070 MT of western white US wheat;
  • 26,400 MT of hard red winter US wheat;
  • 28,355 MT of dark northern spring US wheat;
  • 29,950 MT of Canadian western red spring wheat

- Philippines in a deal last week bought about 45,000 MT of feed wheat, likely from Australia, at around 205 $/mt c&f for April 2017 shipment

- US wheat export inspections for week, ending Sept 22, recorded 875,049 MT, well above the market forecasts (400-600 TMT). Inspections for 2016/17 are running 26.5% ahead of year-ago

- USDA estimated 30% of the US winter wheat crop was planted as of Sept 25, behind of analyst expectations for 32% planted (range 29-43%), but up from 28% a year ago and equal to the 5-year average

- MARS cut its yield estimate for this year's EU's soft wheat to 5.63 mt/ha from 5.86 mt/ha prior month, down 10.5% from last year and 3.5% less than the 5-year average (5.83 mt/ha)

- Australian wheat output will likely fall short of official estimates due to heavy rains. The country's east coast is expected to receive as much as 100 millimetres of rain later this week and to see wetter-than-average conditions until November, after near record rains earlier in September

- Agri-food Cooperatives Spain raised its estimate for Spain's 2016 soft wheat crop to 6.927 MMT, up from its June forecast of 6.768 MMT and above last year's crop of 5.241 MMT

- Iran's agriculture ministry has made a proposal to export 3 MMT of durum wheat, flour

- Argentina's Ag Min trimmed 2016/17 wheat planting area estimate to 5.17 million hectares, down from 5.19 million in August (4.37 mln ha in 2015/16)

- China has procured 71.87 MMT of reserve wheat by September 20, up 13.3% (or 8.46 MMT) from last year

- Sept 27 - Russia bought 63,990 MT of intervention grain (61,830 MT of wheat and 2,160 MT of barley) via tender on the NTB (National Trade Exchange, Moscow Exchange). Making the total bought since Sep 19 at 158,760 MT of 2016/17 grain (156,600 MT of wheat and 2,160 MT of barley)

- Russia will allow imports of Egyptian plant products except potatoes through two-five days

CORN

- Sept 27 - China failed to sell corn from state reserves; at the auction was offered total of 1.2 MMT corn

- Sept 26 - Argentina grants export licenses for 36,119 MT of corn

- Sept 26 - Argentina grants export licenses for 20,000 MT of barley

- US corn export inspections for week, ending Sept 22, reported 1,335,643 MT, topped market forecasts (1.0-1.3 MMT). Inspections for 2016/17 are running 55.1% ahead year-ago

- USDA rated 74% of the US corn crop in good-to-excellent condition as of Sept 25, unchanged from the previous week, but ahead of market expectation of 73% and up compared to 68% a year-ago. USDA estimated 15% of the US corn crop was harvested, behind analysts' forecasts of 17% (15-20% – range), also below last year's pace of 16% and 5-year mean of 19%

- Zambian president calls for strict enforcement of maize export ban

- MARS lowered its yield forecast for this year's EU's corn to 6.84 mt/ha from 7.23 mt/ha last month, by 1.3% below the five-year average (6.93 mt/ha), but up 8.5% from 2015 (6.31 mt/ha)

- MARS trimmed its yield forecast for this year's EU's barley (winter and spring) to 4.77 mt/ha from 4.88 mt/ha last month, down 5.1% from last year (5.02 mt/ha), but 1% above the 5-year average (4.72 mt/ha)

- Agri-food Cooperatives Spain lowered its estimate for Spain's 2016 barley harvest to 9.524 MMT, down 777,000 MT from June forecast but 39% more than the 6.853 MMT last season

- Agri-food Cooperatives Spain raised Spain's 2016 corn production forecast to 3.727 MMT from 3.528 MMT in June, but down 6.5% from 3.984 MMT in 2015

- Argentina's Ag Min lowered its barley acreage forecast for the 2016/17 to 990,000 ha from 1.0 mln ha in August, down 32.7% from 1.47 mln ha in 2015/16

SOYBEAN

- US soybean export inspections for week, ending Sept 22, reported 383,953 MT, well below the trade forecasts that ranged from 1.1 to 1.4 MMT. Inspections for the 2016/17 marketing year are running 59.1% ahead of year-ago

- USDA rated 73% of the US soybean crop in good-to-excellent condition as of Sept 25, unchanged from the previous week, but ahead of market expectation of 72% and up compared to 62% a year-ago. USDA estimated 10% of the US soybean crop was harvested, behind analysts' forecasts of 11% (7-15% – range), also below last year's pace of 17% and 5-year mean of 13%

- MARS kept its yield estimate for this year's EU's rapeseed at 3.2 mt/ha, down 4.2% from 2015 (3.34 mt/ha) and equal to the 5-year average (3.2)

- MARS lowered its forecast the EU's 2016 average sunflower yield to 1.97 mt/ha from 2.05 mt/ha in August. This is up 5.4% from 2015 (1.87 mt/ha) and 1.9% above the five-year mean (1.94 mt/ha)

- Argentina's Ag Min expects 2016/17 sunseed acreage at 1.6 mln ha, up 11.5% from 1.435 mln ha in 2015/16

- China has procured 1.16 MMT of reserve rapeseed by September 20, down 23.2% (or 350,000 MT) from last year