WHEAT

- Oct 12 - Jordan seeks 100,000 MT of optional origin hard milling wheat

- Oct 5 - Jordan made no purchase in an international tender for 100,000 MT of optional origin hard milling wheat

- Oct 6 - Japan bought 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 5 - Morocco's ONICL bought 260,000 MT of US soft wheat under a preferential tariff agreement for arrive at Moroccan ports by Dec 31

- Syria said it was pondering ways to finance their 1 MMT-wheat tender

- Russia is considering shipment of 100,000 MT of wheat to Syria as humanitarian aid

- Oct 6 - Russia bought 2,160 MT of intervention grain (all wheat) via tender on the Crimean Exchange. Making the total bought since Aug 19 at 43,499 MT of 2016/17 grain (41,069 MT of wheat and 2,430 MT of barley)

- Russia's Ag Min raised its forecast for 2016 wheat harvest to 72 MMT from 71 MMT previously; total Russia's grain crop may exceed 116 MMT by clean weight this year

- European Commission has proposed that the EU increase the volume of Ukrainian grains that can be imported duty-free into the bloc, so that total import quotas would be 1.05 MMT per year for both maize and wheat and 600,000 MT for barley

- Oct 5 - Argentina grants export licenses for 66,290 MT of wheat

- Buenos Aires Grain Exchange forecasts Argentina's 2016/17 wheat crop at 12.5 MMT, compared to 10.3 MMT last season

- Algeria's grain imports were 8.7 MMT in the first eight months of 2016, down 0.92% from the same period a year earlier. Soft wheat purchases fell 6% to 4.15 MMT, while durum wheat imports rose 1.47% to 1.21 MMT

- FAO raised its 2016 global wheat production estimate to a record 742.4 MMT, up by 1.6 MMT from the September figure and vs. 733.8 MMT in 2015, largely reflecting improved crop prospects in Argentina and Australia. Forecast of the 2016/17 world wheat inventories was upped to a record 234.2 MMT, 0.9 MMT more than reported in Sept and 8.4 MMT (3.7%) above last season

- Philippine private traders have applied for permits to import a total of 750,150 MT of rice, mainly from Thailand and Vietnam

CORN

- Informa Economics lowered its US corn yield forecast by 0.3 bpa from last month to 174.5 bpa for a crop of 15.215 billion bushels

- French group AGPM projected a national yield of 9.05 mt/ha for the 2016 corn crop, below a five-year average of 9.77 mt/ha

- Buenos Aires Grain Exchange expects record crop of 36 MMT of commercial-use corn in Argentina in 2016/17, up 20% from 30 MMT in 2015/16

- Algeria's Jan-Aug 2016 maize imports were 2.77 MMT, up 2.32% from the same period a year earlier

- Algeria's Jan-Aug 2016 barley imports rose by 19.15% to 629,000 MT

- US Ethanol production for the week ended Sept 30 decreased by 9,000 barrels to 980,000 barrels per day, up 3.2% from last year's level of 950,000 bpd. Stocks fell by 401,000 barrels from the week prior to 20.177 million barrels, up 7.3% vs. 18.812 million barrels a year ago

- FAO left almost unchanged its 2016 global coarse grain production estimate at 1,328.8 MMT (1,305.4 MMT in 2015), but lowered inventories to 256.1 MMT, 8.5 MMT less than reported in Sept and 2.9 MMT (1.1%) below last season. World production of maize in 2016 is currently forecast at 1 029.3 MMT, 1 MMT less than anticipated in September, but 2.3% (23.3 MMT) above the previous year with ending stocks at 209.1 MMT (213.3 MMT in 2015/16)

SOYBEAN

- Oct 5 - Argentina grants export licenses for 18,000 MT of soybean oil

- Informa Economics raised its US soybean yield peg by 2.1 bpa from last month to 51.6 bpa for a crop of 4.3 billion bushels

- Buenos Aires Grain Exchange forecasts Argentina's 2016/17 soybean crop at 53 MMT, down from 56 MMT a year earlier

- FAO says global soybeans and other oilcrops could reach an all-time production high this year, thanks to record US yields, although demand is expected to grow even faster

- GAPKI estimated Indonesia's August exports of palm oil and palm kernel oil at 2.07 MMT, up 30% from the previous month