WHEAT

- Nov 17 - Japan seeks 136,726 MT of food wheat for Dec-Jan shipment:

  • 15,591 MT of western white US wheat;
  • 54,725 MT of hard red winter US wheat;
  • 31,310 MT of dark northern spring US wheat;
  • 35,100 MT of Canadian western red spring wheat

- Nov 15 - Jordan made no purchase in an international tender for 100,000 MT of optional origin hard milling wheat

- Nov 14 - Argentina grants export licenses for 58,000 MT of low protein wheat

- US wheat export inspections for week, ending Nov 10, recorded 191,062 MT, well below of expectations (400-600 TMT). Inspections for 2016/17 are running 27.7% ahead of year-ago

- USDA estimated 94% of the US winter wheat crop was planted as of Nov 13, behind of analyst expectations for 95% planted (range 94-96%) and below 5-year mean of 95%, but ahead of last year's pace (93%). USDA rated 59% of the US wheat crop in good-to-excellent condition as of Nov 13, up 1% point from prior week and ahead of average market expectation of 57% and compared to 52% a year-ago

- Nov 15 - Russia bought 27,405 MT of intervention grain (24,300 MT of wheat and 3,105 MT of barley) via tender on the NTB (National Trade Exchange, Moscow Exchange). Making the total bought since Sep 19 at 714,015 MT of 2016/17 grain (665,955 MT of wheat and 48,060 MT of barley)

- Russian farmers have sown winter grains on the largest area of the last seven years (17.21 million hectares or 99.2% of the planned as of Nov 14) and will plant more in the coming weeks, improving prospects for the 2017 crop

- Kazakh Ag Min said Kazakhstan exported 2.808 MMT of grain between July 1-November 10, 2016/17 vs. 2.551 MMT a year ago, incl. flour – 1.097 MMT in wheat equivalent vs. 940,700 MT in the same period of 2015/16

- Iran reported wheat stocks of just over 12 MMT and government officials have suggested this would allow 3-4 MMT for export. Iran produced about 13.5 MMT of wheat this year, the highest level in nine years. The government has progressively raised the price it pays farmers for wheat and plans to lift the rate to 14,000 rials per kilo (438 $/mt) in the next harvest from 12,700 rials per kilo (398 $/mt) this season. Iran also aims to expand exports of wheat flour but is currently unable to compete with cheaper Turkish supply. Iranian mills are estimated have total flour-making capacity of around 20 MMT, above estimated domestic demand of about 12.5 MMT

- Nov 15 - China sold 206,188 MT of wheat from state reserves or 7.9% of the of the offered amount (2,609,510 MT) at auction at average price of 2,506 RMB/mt (366 $/mt)

- USDA attaché projects Nigeria's 2016/17 wheat imports at 4.5 MMT, more than USDA's official estimate of 4.4 MMT and up 2% from 2015/16 (4.41 MMT)

- South Korea will buy 299,000 MT of this year's rice surplus in an effort to ease oversupply and stabilise the domestic rice market

CORN

- Nov 14 - USDA announced export sales of 175,000 MT of US grain sorghum for delivery to China during 2016/17

- Nov 14 - Argentina grants export licenses for 38,248 MT of corn

- US corn export inspections for week, ending Nov 10, reported 618,155 MT, well below market forecasts (900-1100 TMT). Inspections for 2016/17 are running 82.1% ahead year-ago

- USDA estimated 93% of the US corn crop was harvested as of Nov 13, ahead of 5-year mean (92%), but behind analysts' forecasts of 94% (93-95% – range) and last year's pace of 95%

- USDA attaché estimates Jordan's 2016/17 corn imports at 680,000 MT, matching USDA's official estimate, but down from 812,000 MT in 2015/16. In 2016/17, US origin corn imports are expected at 100,000 MT a significant surge from 32,000 MT in 2015/16, due to the tight supplies from South America

- USDA attaché projects Jordan's 2016/17 barley imports at 900,000 MT, more than USDA's official estimate of 800,000 MT and compared to 762,000 MT in 2015/16

- Israel has reported an outbreak of H5N8 bird flu virus on a farm

SOYBEAN

- Nov 14 - USDA announced export sales of 456,000 MT of US soybeans for delivery during 2016/17:

  • 324,000 MT to China;
  • 132,000 MT to unknown destinations

- Nov 14 - South Korea's NOFI bought about 6,000 MT of Asian-origin copra meal at 191.5 $/mt c&f+1.5 $/mt surcharge for additional port unloading for arrival around Jan 1, 2017

- Nov 14 - South Korea's NOFI bought about 6,000 MT of cassava meal at 117 $/mt c&f+1.5 $/mt surcharge for additional port unloading for arrival around Jan 20, 2017

- US soybean export inspections for week, ending Nov 10, reported 2,785,428 MT, near the top end of the trade forecasts that ranged from 2.5 to 2.8 MMT. Inspections for the 2016/17 marketing year are running 16.9% ahead of year-ago

- USDA estimated 97% of the US soybean crop was harvested as of Nov 13, in line with analysts' forecasts and matching last year's pace, but ahead of five-year average progress (95%)

- Surveyor Intertek Testing Services estimated Malaysia's November 1-15 palm oil exports at 520,870 MT down 17% from a month ago

- Surveyor SGS estimated Malaysia's November 1-15 palm oil exports at 513,745 MT down 18.9% from a month ago

- Canadian Oilseed Processors Association (COPA) said that Canada shipped 415,000 MT of canola meal to China in January-August period, the most since 2011

- German oilseeds industry association UFOP estimates winter rapeseed sown area for the 2017 harvest at around 1,350,000 hectares, up 1.5% on the year

- India's vegetable oil imports during the oil marketing year November to October (2015/16) stood at 14.74 MMT, up from 14.61 MMT in 2014/15