WHEAT

- Nov 4 - Japan seeks 153,156 MT of food wheat for Dec-Mar shipment:

  • 34,060 MT of western white US wheat;
  • 24,851 MT of dark northern spring US wheat;
  • 59,630 MT of Canadian western red spring wheat;
  • 34,615 MT of Australian standard white wheat

- Nov 1 - Algeria seeks at least 50,000 MT of durum wheat for Nov 16-Dec 15 shipment

- Nov 1 - Russia bought 25,785 MT of intervention grain (24,435 MT of wheat and 1,350 MT of barley) via tender on the NTB (National Trade Exchange, Moscow Exchange). Making the total bought since Sep 19 at 600,615 MT of 2016/17 grain (561,060 MT of wheat and 39,555 MT of barley)

- US wheat export inspections for week, ending Oct 27, recorded 325,496 MT, within expectations (250-450 TMT). Inspections for 2016/17 are running 28.5% ahead of year-ago

- USDA estimated 86% of the US winter wheat crop was planted as of Oct 30, behind of analyst expectations for 87% planted (range 85-91%) and also below last year's pace (87%) and 5-year mean of 88%. USDA rated 58% of the US wheat crop in good-to-excellent condition as of Oct 30, down 1% point from prior week and below avg. market expectations (59% – average, 58-60% – range), but ahead compared to 49% a year-ago

- European Commission (EC) lifted its estimate for 2016 EU soft wheat crop to 134.57 MMT from 134.2 MMT last month, well below record production of 151.34 MMT last year. EU's executive kept its EU soft wheat exports estimate at 25.0 MMT in 2016/17, unchanged from prior forecast, but well below the 32.7 MMT in 2015/16. Soft wheat inventories in the region are forecasted at 8.98 MMT (8.87 MMT– previous estimate) by the end of June 2017, less than 15.85 MMT (16.1 MMT previously) estimated for 2015/16

- CBH (Cooperative Bulk Handling Ltd) said that frost damage across Australia's largest wheat-producing state has destroyed more than 15% of the total grain crop. CBH now expects total grain output from Western Australia state in 2016/17 at 13-14 MMT, down from a previous estimate of 15-17 MMT

- Ukraine's state-run GPZKU grain firm may spend around $500 million of a $1.5 billion Chinese loan on building a new grain terminal and on upgrading existing facilities

CORN

- Oct 31 - USDA announced export sales of 100,973 MT of US corn for delivery to unknown destinations during 2016/17

- Oct 31 - USDA announced export sales of 111,000 MT of US grain sorghum for delivery to unknown destinations during 2016/17

- Oct 31 - Argentina grants export licenses for 31,500 MT of sorghum

- US corn export inspections for week, ending Oct 27, reported 791,896 MT, in line with market forecasts (700-900 TMT). Inspections for 2016/17 are running 74.3% ahead year-ago

- USDA estimated 75% of the US corn crop was harvested as of Oct 30, in line with 5-year mean but behind analysts' forecasts of 77% (72-85% – range) and last year's pace of 82%

- Chinese northeast provinces have acquired 2.53 MMT of new crop corn as of October 25, including: Inner Mongolia (300 TMT), Liaoning (790 TMT), Jilin (490 TMT), Heilongjiang (960 TMT)

- EC increased its 2016 EU corn harvest forecast to 59.72 MMT from 59.66 MMT last month (59.07 MMT in 2015). Projected imports in new season were left unchanged from prior month at 14 MMT (13.29 MMT in 2015/16). EC increased its estimate for 2015/16 corn ending stocks to 18.55 MMT from 17.51 MMT previously and raised expected stocks at the end of 2016/17 to 16.45 from 14.34 MMT in September

- EC raised its 2016 EU barley harvest estimate to 59.99 MMT from 59.61 MMT last month, down from 61.43 MMT in 2015. Projected exports in new season were left unchanged at 8 MMT, but well below than 14.16 MMT in 2015/16. EC increased its estimate for 2015/16 barley ending stocks to 5.66 MMT from 4.92 MMT previously and raised expected stocks at the end of 2016/17 to 8.37 from 7.14 MMT in September

- EIA estimated US ethanol production for August at 31.669 million barrels versus 31.251 million barrels in July and vs. 29.762 million barrels a year ago

- EIA reported August ethanol inventory at 21.042 million barrels, which is 8.5% higher from last year, but down 0.6% from July

SOYBEAN

- Nov 3 - Egypt's GASC seeks 10,000 MT of sunflower oil and 25,000 MT of soybean oil for Dec 15-Jan 5 shipment

- Oct 31 - USDA announced export sales of 264,000 MT of US soybeans for delivery to China during 2016/17

- US soybean export inspections for week, ending Oct 27, reported 2,867,212 MT, topped the trade forecasts that ranged from 2.2 to 2.5 MMT. Inspections for the 2016/17 marketing year are running 11.2% ahead of year-ago

- USDA estimated 87% of the US soybean crop was harvested as of Oct 30, in line with analysts' forecasts of 87% (83-90% – range), ahead of five-year average progress (85%), but behind last year's pace of 91%

- Abiove is keeping its forecasts of Brazil's 2017 soybean crop at 101.3 MMT and exports at 57.0 MMT

- EIA said US August biodiesel production at 142 million gallons vs. 140 million gallons in July and vs. 124 million gallons a year ago

- EIA said 561 million lbs. of soybean oil used for biodiesel in August (54% of feedstock used to produce biodiesel) vs. 536 million lbs. in July and vs. 464 million lbs. a year ago