WHEAT

- Oct 4 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for Nov 1-10 shipment

- Oct 6 - Japan seeks 153,048 MT of food wheat for Nov-Feb shipment:

  • 20,863 MT of western white US wheat;
  • 24,725 MT of hard red winter US wheat;
  • 24,900 MT of dark northern spring US wheat;
  • 54,850 MT of Canadian western red spring wheat;
  • 27,710 MT of Australian standard white wheat

- Oct 4 - Russia bought 58,725 MT of intervention grain (51,840 MT of wheat and 6,885 MT of barley) via tender on the NTB (National Trade Exchange, Moscow Exchange). Making the total bought since Sep 19 at 278,505 MT of 2016/17 grain (264,465 MT of wheat and 14,040 MT of barley)

- Oct 3 - Argentina grants export licenses for 131,210 MT of wheat

- Argentina in September granted export licenses for 696,243 MT of low protein wheat and milling wheat; and 55,400 MT of wheat flour

- US wheat export inspections for week, ending Sept 29, recorded 641,897 MT, topped the market forecasts (400-600 TMT). Inspections for 2016/17 are running 25.7% ahead of year-ago

- USDA estimated 43% of the US winter wheat crop was planted as of Oct 2, behind of analyst expectations for 47% planted (range 40-50%) and also below last year's pace of 44% and 5-year mean of 45%

CORN

- Oct 3 - Argentina grants export licenses for 12,307 MT of corn

- Argentina issued 1.163 MMT of corn export licenses in September

- Argentina in September granted export licenses for 267,300 MT of barley and 46,050 MT of malt

- Argentina issued 70,476 MT of sorghum export licenses in September

- US corn export inspections for week, ending Sept 29, reported 1,470,209 MT, topped market forecasts (1.0-1.3 MMT). Inspections for 2016/17 are running 77.1% ahead year-ago

- USDA rated 73% of the US corn crop in good-to-excellent condition as of Oct 2, down 1% point from the previous week and behind of market expectation of 74%, but up compared to 68% a year-ago. USDA estimated 24% of the US corn crop was harvested, behind analysts' forecasts of 25% (23-30% – range) and 5-year mean of 27% but equal to last year's pace

- FCStone lowered its US corn yield forecast by 0.4 bpa from last month to 175.2 bpa for a crop of 15.163 billion bushels (15.195 bln bu in Sept)

- FC Stone raised its forecast of Brazil's 2016/17 first corn crop (summer crop) to 29.7 MMT from 29 MMT in September

- Brazil's Trade Ministry reported September corn exports at 2.913 MMT, up from 2.565 MMT in August but below than 3.455 MMT in the year ago month

- Brazil's Trade Ministry reported September ethanol exports at 147.1 million litres, down from 168.6 mln litres in August and from 172.7 mln litres last September

- US total corn consumed for alcohol and other uses was 511 million bushels in August 2016, up slightly from July 2016 and up 3% from August 2015

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 2.07 million tons during August 2016, up 1% from July 2016 and up 7% from August 2015

- US wet mill corn gluten feed production was 337 thousand tons during August 2016, down 1% from July 2016 and down 2% from August 2015

- South African meteorology bureau says it expects warmer than normal temperatures through the summer

SOYBEAN

- Oct 6 - Egypt's GASC seeks sunflower oil and soybean oil for Nov 1-15 shipment

- US soybean export inspections for week, ending Sept 29, reported 1,104,196 MT, within the trade forecasts that ranged from 0.9 to 1.2 MMT. Inspections for the 2016/17 marketing year are running 36% ahead of year-ago

- USDA rated 74% of the US soybean crop in good-to-excellent condition as of Oct 2, up 1% point from the previous week, also ahead of market expectation of 73% and compared to 64% a year-ago. USDA estimated 26% of the US soybean crop was harvested, within range of analysts' forecasts of 22-30%, but below last year's pace of 36% and 5-year mean of 27%

- FCStone raised its US soybean yield forecast by 2.4 bpa from last month to a record 52.5 bpa for a crop of 4.357 billion bushels (4.163 bln bu in Sept)

- USDA estimated US August soybean crush for crude oil at 4.219 million short tons (140.6 mln bu), slightly below the average market expectation (4.231 mln tons, or 141 mln bu) and down from 4.604 million tons in July 2016 and from 4.337 mln tons a year ago. Crude soyoil stocks fell to 1.667 billion lbs as of August 31 from 1.866 in July, almost equalling to 1.661 bln lbs a year ago, while refined oil stocks were at 319,212 million lbs as of Aug 31 vs. 348,481 in July and 338,446 in Aug 2015. August US soy cake and meal stocks fell to 247,799 tons from 419,802 in July and 306,757 tons a year-ago

- Argentina will not reduce soy export taxes this year or in 2017 as previously announced and will instead reduce the tax by 0.5% points per month from January 2018 to December 2019

- Argentina in September issued a total of 351,588 MT of soybean export licenses; 2.172 MMT of soymeal licenses and 314,576 MT of soybean oil licenses

- Argentina in September granted export licenses for 20,231 MT of sunflower oil and 12,050 MT of sunflower meal

- Brazil's Trade Ministry reported September soybean exports at 1.443 MMT, down from 3.816 MMT in August and from 3.705 MMT a year ago. Also Brazil exported 915,317 MT of soymeal in September versus 1.093 MMT the month before and 1.103 MMT a year ago; and 141,601 MT of soyoil compared to 165,900 MT in August and 150,950 MT a year ago

- FC Stone trimmed its forecast for Brazil's 2016/17 soy crop to 101.8 MMT from 101.85 MMT last month

- AgRural estimates Brazilian soybean area up 0.6% from last year with 5% of the crop planted as of Sept 29, ahead of last year's pace of 3% and 5-year average of 2%. AgRural forecasts 2016/17 crop at 100.6 MMT vs. 95.4 MMT last year

- China may soon impose measures to protect its soybean industry