WHEAT

- Nov 2 - Israeli group (Sherutei Bar) bought about 10,000 MT of optional origin feed wheat at 184.5-185.75 $/mt c&f for Jan 20-Mar 10 shipments

- Nov 2 - Argentina grants export licenses for 23,000 MT of low protein wheat

- Ukraine's Ag Min said Ukraine exported 14.491 MMT of grain between July 1-Nov 2, 2016/17, including: wheat – 8.702 MMT; barley – 3.714 MMT; corn – 2.027 MMT; others – 48 TMT. Also was exported 101,300 MT of wheat flour

- India's food minister says India to sell an extra 1 MMT of wheat to local flour millers in 2016/17. India will not lower the wheat import tax of 10% for now and will not import through government channels. Private traders are expected to import about 3 MMT of wheat in 2016/17 (Apr-Mar); they have so far imported 1.2 MMT

- USDA attaché revised India's 2016/17 wheat production lower to 87.0 MMT, 3 MMT less than USDA's official estimate of 90 MMT and compared to 86.53 MMT in 2015/16. Forecast of India's 2016/17 wheat imports remains unchanged at 3 MMT (471,000 MT in 2015/16)

- USDA attaché in Canada forecasts wheat production at 29.177 MMT in 2016/17, 2.323 MMT or 7.4% lower than USDA's official projection (31.5 MMT) but up from 27.594 MMT in 2015/16. Canadian wheat exports in 2016/17 are expected at 21 MMT, 4.5% below the USDA's official projection (22 MMT) and below last year's level of 22.134 MMT

- Nov 2 - China auctioned 11,120 MT of 2013 imported wheat from state reserves, or 15.9% of the offered amount (70,031 MT), at an average price of 2,511 RMB/mt (371 $/mt)

CORN

- Nov 2 - Israeli group (Sherutei Bar) bought about a total of 116,000-120,000 MT of optional origin corn at 179.75 $/mt c&f for Dec 20-Jan 15; 176.5 $/mt c&f for Jan 20-Feb 10 and 174.25 $/mt c&f for Feb 20-Mar 10 shipments

- Nov 2 - Israeli group (Sherutei Bar) bought about 26,000-30,000 MT of optional origin feed barley at 173-175 $/mt c&f for Jan 20-Mar 10 shipments

- Nov 2 - Argentina grants export licenses for 21,000 MT of barley

- USDA attaché forecasts Canadian corn production at 12.8 MMT in 2016/17, 300,000 MT or 2.4% more than USDA's official projection (12.5 MMT) but lower than 13.6 MMT in 2015/16. Canadian corn exports in 2016/17 are expected at 800,000 MT (700,000 MT – USDA's official projection and 1.738 MMT in 2015/16) and imports – at 1.3 MMT (1.5 MMT – USDA's official projection and 1.326 MMT in 2015/16)

- Bloomberg/SGS survey of Chinese corn production estimates the crop at 208.1 MMT down 7% from last year and versus the October USDA estimate of 216 MMT

- China plans to eliminate 95% of open air grain storage by 2020; some 100 MMT of grain estimated being stored in open air

- US Ethanol production for the week ended Oct 28 rose by 31,000 barrels to 1,022,000 barrels per day, up 5.5% from last year's level of 969,000 bpd. Stocks fell by 180,000 barrels from the week prior to 19.739 million barrels, up 5.1% vs. 18.774 million barrels a year ago

SOYBEAN

- Nov 2 - USDA announced export sales of 132,000 MT of US soybeans for delivery to China during 2016/17

- Pakistan recently bought a total of 120,000 MT of Brazil/US soybeans for Jan-Apr 2017 shipment

- Pakistan recently bought a total of 65,000 MT of Argentine soymeal in two consignments (40 TMT and 25 TMT) at 360-375 $/mt c&f for Nov-Dec 2016 shipment

- Pakistan recently bought 20,000 MT of Black Sea sunflower meal for November shipment

- Nov 2 - China sold 97,564 MT of rapeseed oil produced in 2012 from state reserves or 100% of the offered amount at auction at an average price of 6,552 RMB/mt (969 $/mt)

- USDA attaché in China forecasts soybean production at 12.7 MMT in 2016/17, 200,000 MT more than USDA's official projection (12.5 MMT) and up from 11.6 MMT in 2015/16. Chinese soybean imports in 2016/17 are expected at 86 MMT, matching USDA's official estimate and above last year's level of 83.23 MMT

- USDA attaché in China forecasts rapeseed production at 13.5 MMT in 2016/17, 200,000 MT more than USDA's official projection (13.3 MMT) but down from 14.3 MMT in 2015/16. Chinese rapeseed imports in 2016/17 are expected at 4.2 MMT, 10.5% above the USDA's official projection (3.8 MMT) and up from last year's level of 4.011 MMT

- USDA attaché forecasts Brazil's 2016/17 soybean crop at 101 MMT, 1 MMT less than USDA's official projection (102 MMT) but bigger than 95.5 MMT in 2015/16. Brazilian soybean exports in 2016/17 are expected at 57 MMT (58.7 MMT – USDA's official projection and 52 MMT in 2015/16)