WHEAT

- Oct 27 - Argentina grants export licenses for 20,000 MT of low protein wheat

- Weekly US wheat export sales data for week ended Oct 20 totalled 672,400 MT, incl. 646,100 MT for 2016/17 (topped trade expectations of 350-550 TMT) and 26,300 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 25 granted licenses to export 222 TMT of soft wheat, bringing the total this season to 7.735 MMT vs. 6.928 MMT a year ago

- FranceAgriMer estimated winter wheat planting 60% done as of Oct 24, behind of last year's pace of 72%. Also French farmers have planted 6% of durum as of Oct 24 vs. 25% at the same time a year ago

- International Grains Council (IGC) raised its forecast for world wheat production in 2016/17 by 1.4 MMT to record high 748.4 MMT (736.6 MMT in 2015/16), reflecting upwardly revisions for crops in Russia and Kazakhstan. Global wheat ending stocks were revised upwards by 2.2 MMT to 233.5 MMT (221.5 MMT in 2015/16)

CORN

- Oct 27 - Taiwan's MFIG group bought 65,000 MT of Brazil or US origin corn from trading house Mitsui at a premium of 130.5 USc/bushel c&f over the Chicago March 2017 contract (around 195.35 USD/mt, c&f) for Jan 8-Feb 11 shipment

- Oct 27 - Argentina grants export licenses for 55,058 MT of corn

- Oct 27 - USDA announced export sales of 204,000 MT of US grain sorghum for delivery to China during 2016/17

- Weekly US corn export sales data for week ended Oct 20 of 799,300 MT for 2016/17 (below trade expectations of 900-1200 TMT). Export commitments for 2016/17 are running 85% ahead of year-ago

- EU in week ended Oct 21 awarded licenses to import 400 MT of Ukrainian barley under an annual duty-free quota, bringing the total to 249,025 MT or 99.61% out of a total volume of 250,000 MT available in 2016

- EU in week ended Oct 25 awarded 157 TMT of corn (maize) import certificates, taking the volume so far this season to 2.509 MMT vs. 2.891 MMT a year ago

- EU in week ended Oct 25 granted licenses to export 93 TMT of corn, bringing the total this season to 815 TMT vs. 536 TMT a year ago

- EU in week ended Oct 25 granted licenses to export 4 TMT of barley, bringing the total this season to 1.285 MMT vs. 4.188 MMT a year ago

- FranceAgriMer estimated France's corn condition as 53% in good to excellent as of Oct 24, unchanged from the prior week but below the year-ago score of 56%. French farmers harvested 60% of corn by Oct 24 (39% a week ago), below the 69% harvest progress a year ago

- FranceAgriMer estimated winter barley planting 74% done as of Oct 24, behind of last year's pace of 88%

- IGC raised its forecast for world corn production in 2016/17 by 8 MMT to a record high 1,034.5 MMT (970.8 MMT in 2015/16), driven by increases for the US (382.5 MMT from 378.8 MMT), Argentina (42.5 MMT vs. 40.2 MMT) and India (25.0 MMT from 24.0 MMT). IGC increased its forecast for 2016/17 global corn carryover by 4.3 MMT from last month to 220.6 MMT (209.1 MMT in 2015/16)

- 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 35.9% of the crop has been planted as of Oct 27, ahead last year's pace of 33.4%

SOYBEAN

- Oct 27 - USDA announced export sales of 525,000 MT of US soybeans for delivery during 2016/17:

  • 396,000 MT to China;
  • 129,000 MT to unknown destinations

- Oct 27 - Argentina grants export licenses for 631,951 MT of soymeal

- Weekly US soybean export sales data for week ended Oct 20 of 2,045,400 MT for 2016/17 (within trade expectations of 1.5-2.5 MMT). Export commitments for 2016/17 are running 24% ahead of year-ago

- IGC lifted its global 2016/17 soybean production forecast by 3.6 MMT to a record 332.4 MMT (315 MMT in 2015/16) mainly due to bigger crop in the US and Brazil. IGC raised global 2016/17 soybean carryover by 4.5 MMT from last month to 33.4 MMT (32.7 MMT in 2015/16)

- 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 49% of the crop has been planted as of Oct 27 vs. 41.2% this time last year