WHEAT

- Nov 10 - Bangladesh seeks 50,000 MT of optional-origin milling wheat, 12.5% protein, for shipping within 40 days of the signing of the contract

- Oct 26 - South Korea's Nonghyup Feed Inc (NOFI) bought about 65,000 MT of optional origin feed wheat at 192.5 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Feb 1 arrival

- Oct 26 - Argentina grants export licenses for 130,000 MT of milling wheat and 36,500 MT of low protein wheat

- USDA attaché projects Argentina's 2016/17 wheat production at 14.4 MMT (11.3 MMT in 2015/16), and exports at 8.3 MMT (9.1 MMT in 2015/16), both very similar to USDA's official estimates

- Russian Grain Union expects Russia's 2016/17 grain exports between 38 to 40 MMT and that new crop winter grains will be sown on 17.3 million hectares compared to 16.8 mln ha last year

- South Africa's Crop Estimates Committee (CEC) raised its winter wheat production forecast for this year to 1.734 MMT from 1.7 MMT in prior month, up 20.4% over the previous season's crop of 1.44 MMT

CORN

- Oct 26 - South Korea's Nonghyup Feed Inc. (NOFI) bought 273,000 MT of optional-origin yellow corn:

  • 69,000 MT of worldwide-origin corn at 187.29 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for arrival around Feb 5, 2017;
  • 69,000 MT of US/South American corn at a c&f premium of 126 cents/bu over the Chicago March corn contract + 1.25 $/mt surcharge for additional port unloading for arrival around Feb 20, 2017;
  • 67,000 MT of US/South American corn at a c&f premium of 124.9 cents/bu over the Chicago March corn contract + 1 $/mt surcharge for additional port unloading for arrival around Mar 1, 2017;
  • 68,000 MT of worldwide-origin corn at 187.99 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for arrival around Mar 10, 2017.
  • Unusual offers of cheap Chinese-origin corn (at 187.33 $/mt c&f) were made in the tender but were rejected in favour of other origins

- Oct 26 - Argentina grants export licenses for 29,504 MT of corn

- Oct 26 - Argentina grants export licenses for 22,900 MT of malt

- Argentina's Ag Min expects 2016/17 corn acreage at 7.28 mln ha, up 5.5% from 6.9 mln ha in 2015/16

- USDA attaché projects Argentina's 2016/17 corn production at 36.5 MMT (30 MMT in 2015/16), the same as USDA. Exports for 2016/17 are forecast at 26 MMT (20.5 MMT in 2015/16), 1 MMT higher than USDA's official projection

- USDA attaché in Argentina forecasts barley production at 3 MMT in 2016/17, 650,000 MT lower than USDA's official projection and down from 4.8 MMT in 2015/16. As a result, 2016/17 Argentine barley exports are expected at 1.4 MMT (incl. 600 TMT of feed and 700-800 TMT of malting), 33.3% below the USDA's official projection (2.1 MMT) and below last year's level of 2.95 MMT

- South Africa needs to import more than 2 MMT of maize in 2016/17 as a severe drought curbed South Africa's corn crop by 25% to 7.5 MMT, according to the National Treasury

- South Africa's Crop Estimates Committee (CEC) expects that commercial producers intend to plant 2.463 mln ha of maize for 2017, which is 26,5% or 516,250 ha more than the 1.947 mln ha planted last season and above average market expectations of 2.44 mln ha

- CEC raised its forecast of S. Africa's 2016 malting barley to 299,895 MT from 291,595 MT last month (332,000 MT in 2015)

- CEC expects sorghum plantings at 38,300 hectares, which would be down 21% from last year's acreage

- US Ethanol production for the week ended Oct 21 decreased by 7,000 barrels to 991,000 barrels per day, up 5% from last year's level of 944,000 bpd. Stocks climbed by 877,000 barrels from the week prior to 19.919 million barrels, up 9% vs. 18.273 million barrels a year ago

SOYBEAN

- Oct 26 - Argentina grants export licenses for 65,650 MT of soymeal

- Argentine September soybean crush was reported at 3.53 MMT, down from revised of 3.73 MMT in August and down 7.9% from last year

- Argentine September sunflower crush was reported at 122,203 MT, down from revised of 232,073 MT in August and down 36.2% from last year

- CEC expects sunflower seed plantings at 670,000 ha, which is 6.8% less than last year's acreage

- CEC expects soybeans plantings at 516,000 ha, which is 2.6% more than last year's acreage