WHEAT

- Oct 25 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for Dec 1-10 shipment

- Oct 19 - The lowest offer in Mauritius tender for 51,800 MT of wheat flour for Jan 1-Dec 31, 2017 was 329 $/mt c&f for Mauritius-produced flour. No purchase has yet been made and offers are still being assessed

- US wheat export inspections for week, ending Oct 20, recorded 244,331 MT, well below expectations (435-600 TMT). Inspections for 2016/17 are running 27.1% ahead of year-ago

- USDA estimated 79% of the US winter wheat crop was planted as of Oct 23, behind of analyst expectations for 82% planted (range 80-88%) and also below last year's pace (81%) and 5-year mean of 82%. USDA rated 59% of the US wheat crop in good-to-excellent condition as of Oct 23, in line with market expectations (59% – average, 50-68% – range), and ahead compared to 47% a year-ago

- MARS trimmed its yield estimate for this year's EU's soft wheat to 5.62 mt/ha from 5.63 mt/ha prior month, down 10.5% from last year and 3.6% less than the 5-year average (5.83 mt/ha)

- Oct 25 - Russia bought 45,630 MT of intervention grain (all wheat) via tender on the NTB (National Trade Exchange, Moscow Exchange). Making the total bought since Sep 19 at 530,010 MT of 2016/17 grain (491,805 MT of wheat and 38,205 MT of barley)

- IKAR lowered its forecast for Russia's 2016/17 grain exports by 600,000 MT to 39.4 MMT, incl. wheat by 500,000 MT to 29.5 MMT

CORN

- Oct 25 - South Korea's MFG bought 66,000 MT of optional-origin corn at 192.9 $/mt c&f+1.25 $/mt surcharge for additional port unloading for Jan 15 arrival

- Oct 24 - Argentina grants export licenses for 24,320 MT of barley

- US corn export inspections for week, ending Oct 20, reported 541,527 MT, well below market forecasts (0.9-1.1 MMT). Inspections for 2016/17 are running 75.4% ahead year-ago

- USDA estimated 61% of the US corn crop was harvested as of Oct 23, ahead analysts' forecasts of 60% (56-64% – range), but below last year's pace of 70% and 5-year mean of 62%

- Rosario Grains Exchange is forecasting Argentina will become the world's second largest exporter of corn in 2016/17 season, due in part to an 18% increase in corn planting and the sharp drop in Brazil's corn production this year and next

- MARS lowered its yield forecast for this year's EU's corn to 6.82 mt/ha from 6.84 mt/ha last month, by 1.6% below the five-year average (6.93 mt/ha), but up 8.2% from 2015 (6.31 mt/ha)

- MARS trimmed its yield estimate for this year's EU's barley (winter and spring) to 4.76 mt/ha from 4.77 mt/ha last month, down 5.2% from last year (5.02 mt/ha), but 0.9% above the 5-year average (4.72 mt/ha)

SOYBEAN

- Oct 24 - Argentina grants export licenses for 49,560 MT of soymeal, 8,400 MT of sunflower meal and 7,800 MT of soybeans

- US soybean export inspections for week, ending Oct 20, reported 2,739,744 MT, topped the trade forecasts that ranged from 1.9 to 2.5 MMT. Inspections for the 2016/17 marketing year are running 10.8% ahead of year-ago

- USDA estimated 76% of the US soybean crop was harvested as of Oct 23, in line with five-year average progress, but behind analysts' forecasts of 77% (75-81% – range) and below last year's pace of 84%

- MARS lifted its yield estimate for this year's EU's rapeseed to 3.21 mt/ha from 3.2 mt/ha last month, down 3.9% from 2015 (3.34 mt/ha) and 0.4% above the 5-year average (3.2)

- MARS raised its forecast the EU's 2016 average sunflower yield to 1.99 mt/ha from 1.97 mt/ha in September. This is up 6.2% from 2015 (1.87 mt/ha) and 2.8% above the five-year mean (1.94 mt/ha)

- Surveyor Intertek Testing Services estimated Malaysia's October 1-25 palm oil exports at 990,939 MT down 10.9% from a month ago

- Surveyor SGS estimated Malaysia's October 1-25 palm oil exports at 998,101 MT down 10.9% from a month ago