WHEAT

- Nov 24 - Taiwan Flour Millers' Association seeks 85,325 MT of US milling wheat for Jan-Feb shipment

- Nov 22 - Japan's Ministry of Agriculture said is seeking to buy a total of 20,580 MT of feed wheat and barley in a regular tender. The ministry is also seeking to buy a total of 21,096 MT of food quality wheat in the same tender

- Nov 18 - Argentina grants export licenses for 60,000 MT of low protein wheat

- Russia's Ag Min estimates Russia's 2016/17 grain crop at 117 MMT and forecasts export at 40 MMT

- Russia's Ag Min says Russia may harvest 150 MMT of grain by 2030 and to export 50 MMT; Russian grain production may rise up to 205 MMT by 2050

- Russia is negotiating with Japan to increase its grain exports to Japan to 1 MMT in year, with potential rise to 5 MMT of grain (incl. wheat and feed grain)

- Russia plans to expand its grain exports this season to Bangladesh, Mexico, Brazil, Peru, Nicaragua and Venezuela

- Russia's Ag Min said Russia exported about 14.766 MMT of grain between July 1-Nov 16, 2016/17, down by 4.6% from 15.480 MMT a year ago, including:

  • wheat – 11.693 MMT (11.685 MMT a year ago);
  • barley – 1.546 MMT (2.506 MMT);
  • corn – 1.454 MMT (1.048 MMT)

- Russia has 3,622,100 MT of grain in its federal intervention fund as of November 16 vs. 1,958,800 MT a year ago

- Russia has suspended purchasing of intervention grain on the Crimean Exchange, due to lack of offers at competitive prices. Russia bought a total of 46,874 MT of Crimean grain (44,444 MT of wheat and 2,430 MT of barley) in intervention fund between Aug 19-Oct 13, 2016. Russia plans to purchase a total of 100,000 MT of Crimean grain in 2016/17

- Russian grain stocks were at 48.031 MMT as of November 1, up 8.2% from a year earlier (44.403 MMT as of Nov 1, 2015). The data does not include grain stored at small farms

- AgCanada estimates total 2016/17 wheat crop at 31.531 MMT compared to 27.6 MMT last year with ending stocks at 5.7 MMT (5.2 MMT a year ago)

- USDA attaché in Bulgaria estimated 2016/17 wheat production at a new record of 5.65 MMT, more than USDA's official projection of 5.6 MMT and up from 5.011 MMT in 2015/16, with expanding share of milling wheat to 43.6% compared to 32.2% in 2015. Wheat exports had a strong start and are at 2.1 MMT as of November 4 with a potential to grow to 3.6-4 MMT for the season (3.5 MMT in 2015/16, of which 2.2 MMT to the EU and 1.3 MMT to non-EU markets)

- Indonesia's imports of food wheat is expected to climb 8% to 8 MMT this year from 7.41 MMT in 2015, and up to 7% in 2017, according to the head of Indonesia's Flour Mills Association

- Japan's October grain imports down 17.8% on year to 1.975 MMT, incl. 1.471 MMT from the US (+1.0%)

- Japan has removed China, Mexico, Brazil, Thailand and Malaysia from its list of countries that receive reduced tariff benefits

CORN

- Nov 18 - Argentina grants export licenses for 45,580 MT of corn

- Nov 18 - Argentina grants export licenses for 30,000 MT of barley

- USDA attaché in Bulgaria revised downward 2016/17 corn crop estimate to 2.3 MMT, which is less than USDA's official projection of 2.375 MMT and down from 2.696 MMT in 2015/16. The corn harvest is reported at about 95% completed by November 3

- Chinese northeast provinces have acquired 12.19 MMT of new crop corn as of November 15, including: Inner Mongolia (1.4 MMT), Liaoning (3.55 MMT), Jilin (1.95 MMT), Heilongjiang (5.3 MMT)

- The first case of H5N8 bird flu has been detected at a poultry farm in Denmark

SOYBEAN

- Nov 18 - Argentina grants export licenses for 30,027 MT of soymeal and 14,625 MT soybean oil

- Pakistan recently bought about 60,000 MT of canola from Canada for Jan-Feb shipment

- AgRural said Brazilian soybean crop was 73% planted as of Nov 17 vs. 63% a week ago vs. 70% a year ago

- Chinese importers have purchased large quantity of soybean with huge soybean shipments coming out of the US. Soybean arrivals over the next 2 months will be massive, Dec 2016 estimated at 9-9.5 MMT and Jan 2017 expected to hit 7.5 MMT

- Japan's October soybean imports fell 6.8% on year to 282,506 MT, incl. 175,957 MT from the US (+7.2%)

- AgCanada estimates canola crop at 18.4 MMT almost unchanged from a year ago

- Surveyor Intertek Testing Services estimated Malaysia's November 1-20 palm oil exports at 734,800 MT down 8.2% from a month ago

- Surveyor SGS estimated Malaysia's November 1-20 palm oil exports at 730,257 MT down 9.4% from a month ago