WHEAT

- Oct 14 - Taiwan Flour Millers' Association bought 80,650 MT of US milling wheat from United Grain Corporation in two consignments:

  • The first consignment has an additional charge of 23.88 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Dec 5-19:
    • 26,100 MT of dark northern spring wheat (14.5% protein) at 259.90 $/mt fob;
    • 14,480 MT of hard red winter wheat (12.5% protein) at 219.59 $/mt fob;
    • 9,250 MT of soft white wheat (9% protein) at 206.28 $/mt fob.
  • The second consignment has an additional charge of 29.33 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Dec 22-Jan 5:
    • 21,750 MT of dark northern spring wheat (14.5% protein) at 255.09 $/mt fob;
    • 9,070 MT of hard red winter (12.5% protein) at 215.90 $/mt fob

- Oct 13 - Algeria's OAIC bought about 450,000-500,000 MT of optional-origin milling wheat, likely from the EU and/or South America, at around 195-198 $/mt c&f for Nov-Dec shipment

- Oct 13 - Egypt's GASC bought 180,000 MT of Romanian and Russian wheat for November 11-20 delivery:

  • 60,000 MT of Russian wheat from Louis Dreyfus at 186.99 $/mt c&f (177.94 $/mt fob+9.05 $/mt freight);
  • 120,000 MT of Romanian wheat from Ameropa at 187.00 $/mt c&f (180.5 $/mt fob+6.5 $/mt freight)

- Oct 13 - Argentina grants export licenses for 25,800 MT of low protein wheat

- Thailand bought 55,000 MT of US wheat (western white and hard red winter varieties of wheat at 215 $/mt c&f and spring wheat with 14.5% protein at 270 $/mt c&f) in a recent deal for shipment in February

- India is expected to receive about 8-10 cargoes of wheat from Ukraine next month. Ships carrying Ukrainian milling wheat are expected at New Mangalore, Mumbai, Hazira, Tuticorin, Visakhapatnam and Kolkata ports

- Kazakh Ag Min said Kazakhstan exported 1.701 MMT of grain between July 1-October 10, 2016/17 vs. 1.69 MMT a year ago, incl. flour – 694,000 MT in wheat equivalent vs. 666,600 MT in the same period of 2015/16

- Weekly US wheat export sales data for week ended Oct 6 totalled 523,100 MT, incl. 491,000 MT for 2016/17 (within trade expectations of 350-550 TMT) and 32,100 MT for 2017/18 (within trade expectations of 0-50 TMT). Export commitments for 2016/17 are running 26% ahead of year-ago

- EU in week ended Oct 11 granted licenses to export 526 TMT of soft wheat, bringing the total this season to 7.304 MMT vs. 6.224 MMT a year ago

- Czech Statistics Bureau raised its wheat production forecast to 5.48 MMT from 5.28 MMT previously, up from 5.27 MMT in 2015

- FranceAgriMer estimated winter wheat planting 23% done as of Oct 3, behind of last year's pace of 34%

CORN

- Oct 13 - Argentina grants export licenses for 30,818 MT of corn

- Rosario grain exchange expects Argentine 2016/17 corn crop area at 5.7 mln hectares, 18% more than in 2015/16 (4.85 mln ha)

- Buenos Aires Grain Exchange kept its forecast for Argentine 2016/17 corn acreage at 4.9 mln ha (3.85 mln ha in 2015/16). Exchange estimates 31.8% of the crop has been planted as of Oct 13, ahead last year's pace of 27.5%

- Weekly US corn export sales data for week ended Oct 6 of 903,900 MT, incl. 873,400 MT for 2016/17 (in line with trade expectations of 0.8-1.1 MMT) and 30,500 MT for 2017/18 (within expectations of 0-200 TMT). Export commitments for 2016/17 are running 85% ahead of year-ago

- EU in week ended Oct 7 awarded licenses to import 2,200 MT of Ukrainian barley under an annual duty-free quota, bringing the total to 248,625 MT or 99.45% out of a total volume of 250,000 MT available in 2016

- EU in week ended Oct 11 awarded 153 TMT of corn (maize) import certificates, taking the volume so far this season to 2.229 MMT vs. 1.99 MMT a year ago

- EU in week ended Oct 11 granted licenses to export 53 TMT of corn, bringing the total this season to 664 TMT vs. 509 TMT a year ago

- EU in week ended Oct 11 granted licenses to export 19 TMT of barley, bringing the total this season to 1.216 MMT vs. 3.837 MMT a year ago

- Czech Statistics Bureau raised its barley crop estimate to 1.85 MMT from 1.82 MMT previously, but down from 1.99 MMT in 2015

- FranceAgriMer estimated France's corn condition as 53% in good to excellent as of Oct 10, unchanged from the prior week but below the year-ago score of 56%. French farmers harvested 23% of corn by Oct 10 (10% a week ago), below the 33% harvest progress a year ago

- FranceAgriMer estimated winter barley planting 39% done as of Oct 10, behind of last year's pace of 54%

- US Ethanol production for the week ended Oct 7 decreased by 18,000 barrels to 962,000 barrels per day, up 1.4% from last year's level of 949,000 bpd. Stocks fell by 784,000 barrels from the week prior to 19.393 million barrels, up 2.3% vs. 18.956 million barrels a year ago

SOYBEAN

- Oct 13 - Argentina grants export licenses for 32,000 MT of soymeal and 15,000 MT of soybean oil

- Rosario grain exchange expects Argentine 2016/17 soybean crop area at 19.6 mln hectares, 3% less than in 2015/16

- Weekly US soybean export sales data for week ended Oct 6 of 1,417,800 MT, incl. 1,417,100 MT for 2016/17 (topped trade expectations of 0.9-1.2 MMT). Export commitments for 2016/17 are running 28% ahead of year-ago

- Czech Statistics Bureau raised country's 2016 rapeseed harvest estimate to 1.36 MMT from 1.35 MMT previously, up from 1.26 MMT last year

- Buenos Aires Grain Exchange left its estimate Argentina's 2016/17 sunseed acreage at 1.7 mln ha (1.22 mln ha in 2015/16). Exchange estimates 38.1% of the crop has been planted as of Oct 13 vs. 29.3% this time last year