WHEAT

- Sept 6 - Jordan seeks 100,000 MT of optional-origin hard milling wheat for January shipment

- Aug 25 - Tunisia's state grains agency bought 75,000 MT of optional origin soft milling wheat for Oct 15-Dec 25 shipment:

  • 25,000 MT of soft milling wheat from Cofco at 191.44 $/mt c&f;
  • 25,000 MT of soft milling wheat from Cofco at 190.44 $/mt c&f;
  • 25,000 MT of soft milling wheat from Louis Dreyfus at 191.98 $/mt c&f

- Aug 24 - Algeria's OAIC bought about 590,000 MT of optional-origin milling wheat, mostly from France, with some from the Baltic States and the US, at about 200-201 $/mt c&f for November shipment

- Aug 25 - Argentina registered 17,695 MT of wheat for export

- Russia will supply up to 200,000 MT of milling wheat to Bangladesh between September and December in a state-to-state deal. Traders said Bangladesh was expected to pay about 252 $/mt c&f for grain under the state-to-state deal with Russia

- Russia’s Ag Min said Russia exported about 5.463 MMT of grain between July 1-Aug 23, 2017/18, up by 22% from 4.48 MMT a year ago, including:

  • wheat – 3.732 MMT (3.701 MMT in 2016/17);
  • barley – 1.219 MMT (712 TMT);
  • corn – 478 TMT (39 TMT);
  • others – 34 TMT (28 TMT)

- Russia has 3,982,600 MT of grain in its federal intervention fund as of Aug 25 vs. 3,253,100 MT a year-ago

- Russian farmers harvested 64.81 MMT of wheat from 57.7% of the planned area as of Aug 28, up from 61.8 MMT a year ago. Yields totalled 4.03 mt/ha up from 3.26 mt/ha a year ago

- Weekly US wheat export sales data for week ended Aug 17 totalled 386,400 MT for 2017/18 (within trade expectations of 300-600 TMT). Export commitments for 2017/18 are running in line with a year-ago

- According to TAXUD, the EU this season in period of July 1-Aug 22, 2017/18 exported 2.026 MMT of soft wheat compared to 4.491 MMT a year ago

- European Commission (EC) raised its estimate for 2017 EU soft wheat crop to 139.364 MMT from 138.571 MMT last month (134.024 MMT last year). EU's executive kept its EU soft wheat exports forecast at 26 MMT in 2017/18, slightly above the 25.052 MMT in 2016/17. Soft wheat inventories in the region are forecasted to rise to 10.995 MMT (10.73 MMT – previous estimate) by the end of June 2018, more than 10.312 MMT estimated for 2016/17

- FranceAgriMer said that French farmers harvested 100% of soft wheat as of Aug 21 vs. 99% a week ago and 99% a year ago

- German Ag Min said Germany's wheat crop is likely to increase by only 0.3% this year to 24.54 MMT, 1.2% lower than the average crop since 2011

- Kazakh farmers harvested 4.56 MMT of all grains as of August 29, up over 3.917 MMT a year ago. Yields totalled 1.42 mt/ha down from 1.63 mt/ha a year ago

- International Grains Council (IGC) raised its forecast for world wheat production in 2017/18 to 742.2 MMT (754.2 MMT in 2016/17), up by 10.3 MMT from the previous forecast, with revision upward for Russia (+9 MMT to 80 MMT), Ukraine (+2.5 MMT to 26 MMT), Kazakhstan (+0.5 MMT to 13.8 MMT), China (+0.9 MMT to 130.2 MMT) and downward for Canada (-2.6 MMT to 25 MMT). Forecast of global wheat ending stocks was increased by 6.9 MMT to a record 247.8 MMT (244 MMT in 2016/17)

- Argentina's Ag Min cut its wheat acreage estimate for the 2017/18 to 5.78 million hectares from 5.9 mln ha in July, down 9.1% from 6.36 mln ha in 2016/17

- Buenos Aires Grain Exchange maintains its estimate of Argentine 2017/18 wheat crop area from at 5.35 mln ha (5.1 mln ha in 2016/17). Exchange estimates 99.8% of the crop has been planted as of August 24 vs. 100% this time last year

CORN

- Aug 28 - USDA announced export sales of 160,020 MT of US corn for delivery to Mexico during 2017/18

- Aug 25 - South Korea's Nonghyup Feed Inc. (NOFI) bought around 207,000 MT of optional-origin corn:

  • 69,000 MT at around 183.3 $/mt c&f for Dec 10 arrival;
  • 69,000 MT at 186.87 $/mt c&f for Dec 20 arrival;
  • 69,000 MT at 186.87 $/mt c&f for Jan 5 arrival.
  • All consignments have an additional 1.25 $/mt surcharge for additional port unloading

- Aug 25 - China sold a total 533,193 MT of corn from state reserves via auctions:

  • 500 MT of 2011, 2012 corn, or 4.6% of the offered amount (10,933 MT), at average price of 1,300 RMB/mt (196 $/mt);
  • 532,693 MT of 2013, 2014 corn, or 44.7% of the offered amount (1,192,248 MT) at average price of 1,442 RMB/mt (217 $/mt)

- Aug 24 - Argentina registered 176,230 MT of corn for export

- Weekly US corn export sales data for week ended Aug 17 of 525,700 MT (within trade expectations of 450-950 TMT), incl. 102,400 MT for 2016/17 and 423,300 MT for 2017/18. Export commitments for 2016/17 are running 13% ahead of year-ago

- Pro Farmer estimates the US corn crop will total 13.953 billion bushels this year, with an average yield of 167.1 bpa

- According to Pro Farmer Midwest Crop Tour, an average corn yield in Iowa is expected at 179.79 bu. per acre compared to 188.17 bpa last year and 3-year tour avg. of 182.39 bpa and in Minnesota – 191.54 bpa vs.182.32 bpa last year and 3-year tour avg. of 181.32 bpa

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 2.033 MMT of corn (maize) vs. 1.317 MMT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 exported 36,713 MT of corn vs. 211,142 MT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 exported 404,282 MT of barley vs. 1.155 MMT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 exported 361,141 MT of malt in barley equivalent vs. 436,466 MT a year ago

- EC raised its 2017 EU corn harvest forecast to 59.376 MMT from 58.449 MMT last month (61.086 MMT in 2016). Projected imports in new season were lowered from prior month by 300,000 MT to 15.0 MMT (13.581 MMT in 2016/17). EC raised its estimate for 2016/17 corn ending stocks to 15.767 MMT from 15.26 MMT previously and increased expected stocks at the end of 2017/18 to 15.6 MMT from 14.466 MMT in July

- EC upped its 2017 EU barley harvest outlook to 58.031 MMT from 57.539 MMT last month, down from 59.337 MMT in 2016. Projected exports in new season were kept unchanged from prior month at 7 MMT (8.756 MMT in 2016/17). EC trimmed its forecast for 2017/18 barley ending stocks to 6.07 MMT from 6.216 MMT previously and vs. 5.463 MMT in 2016/17

- FranceAgriMer estimated French corn condition as of Aug 21 as 80% in good to excellent, up 1% point from the prior week and well above the year-ago score of 63%

- German Ag Min expects grain maize (corn) crop to rise 3.4% to 4.15 MMT this year

- German Ag Min said 2017 winter barley crop, used for animal feed, will rise 0.5% on the year to 9 MMT, while spring barley crop, used for beer and malt production, will rise 7.9% to 1.91 MMT

- Russian farmers harvested 91,100 MT of corn from 0.6% of the planned area as of August 28, slightly up from 88,900 MT a year ago. Yields totalled 5.03 mt/ha vs. 5.08 mt/ha a year ago

- Russian farmers harvested 16.25 MMT of barley from 66.6% of the planned area as of August 28, slightly down from 16.33 MMT a year ago. Yields totalled 3.03 mt/ha up from 2.44 mt/ha a year ago

- IGC cut its forecast for the global corn crop in 2017/18 by 2.7 MMT to 1.017 billion tonnes (1.073 BMT in 2016/17), mostly reflecting a lower forecast for China (-1.7 MMT to 211.5 MMT) and the EU (-1 MMT to 58.5 MMT). IGC decreased its forecast for 2017/18 global corn carryover by 1.9 MMT from July to 195.6 MMT (233.6 MMT in 2016/17)

- Argentina's Ag Min kept corn production estimate at 49.5 MMT vs. 39.8 MMT in 2015/16. Forecast of corn exports in 2016/17 (Mar 2017-Feb 2018) was left at 30 MMT vs. 21.45 MMT in previous season

- Argentina's Ag Min lowered its barley acreage estimate for the 2017/18 to 830,000 hectares from 917,000 ha in July, down 15.3% from 980,000 ha in 2016/17

- Argentina's Ag Min lowered estimate of sorghum production to 2.58 MMT from 2.6 MMT in July, down 14% from 2015/16. Sorghum exports in 2016/17 (Mar 2017-Feb 2018) are expected at 300,000 MT (450,000 MT in 2015/16)

- Buenos Aires Grain Exchange maintains its forecast for Argentina's 2016/17 corn crop at 39 MMT, up 30% vs. 30 MMT in 2015/16. Harvesting of Argentine corn crop was 89.4% completed as of Aug 24 vs. last year’s pace of 93.1%

- Buenos Aires Grain Exchange forecasts Argentine 2016/17 sorghum crop at 3.2 MMT, down 6% from 2015/16 crop (3.4 MMT). Harvesting of Argentine sorghum crop was 89.3% completed as of Aug 24 vs. last year’s pace of 100%

- SAGIS estimated South Africa's corn stocks as of July 31 were at 10.508 MMT vs. 7.329 MMT a month ago and 5.044 MMT a year ago

- SAGIS estimated S. Africa's July corn exports at 406,155 MT. May-July exports rose 273.8% on year to 869,965 MT

- SAGIS said that S. Africa didn’t import any corn in May-July 2017 compared to the 411,763 MT imported in May-July 2016

- China imported 588,364 MT of sorghum in July, up 34.3% from a year-ago. China's Jan-July sorghum imports fell 20.2% on year to 3.578 MMT

SOYBEAN

- Aug 31 - South Korea’s Agro-Fisheries & Food Trade Corp seeks 20,000 MT of non-GM soybeans for arrival around Dec 22, 2017

- Aug 25 - South Korea's NOFI has purchased about 60,000 MT of optional-origin soymeal at 349.71 $/mt c&f for Feb 5 arrival

- Aug 25 - USDA announced export sales of 132,000 MT of US soybeans for delivery to China during 2017/18

- Aug 25 - USDA announced export sales of 105,500 MT of US soybean cake and meal for delivery to Thailand during 2017/18

- Aug 24 - USDA announced export sales of 132,000 MT of US soybeans for delivery to China during 2017/18

- Aug 25 - Argentina registered 173,460 MT of soymeal for export

- Aug 24 - Argentina registered for export 117,565 MT of soybean oil, 55,134 MT of soymeal and 6,000 MT of soybeans

- Aug 24 - Argentina registered for export 8,500 MT of sunflower meal and 4,525 MT of sunflower oil

- Aug 24 - Egypt’s GASC bought 35,000 MT of soyoil at 14,580 EGP/mt (823.7 $/mt) from Watanya/Cargill (10 TMT) and Alex Seeds (25 TMT) for Oct 15-30 delivery but made no purchase of sunflower oil.

Traders said the following offers were submitted to GASC in the first round of the tender ($/mt c&f):

  • ADM: 30,000 MT of soyoil at $849.0; 10,000 MT of sunflower oil at $819.00;
  • Olam: 20,000 MT of soyoil and 10,000 MT of sunflower oil at $824.5 combined offer; or 30,000 MT of soyoil at $839.00; 10,000 MT of sunflower oil at $815.0;
  • Glencore: 30,000 MT of soyoil at $838.0; 10,000 MT of sunflower oil at $838.0;
  • Aston: 10,000 MT of sunflower oil at $820.0;
  • Watanya/Cargill: 10,000 MT of soyoil at 14,650 EGP ($827.6);
  • Alex Co. for Seeds: 25,000 MT of soyoil at 14,600 EGP ($824.8)

- Weekly US soybean export sales data for week ended Aug 17 of 1,608,600 MT (topped market estimates of 650-1050 TMT), incl. net sales cancellations of 400,300 MT for 2016/17 and 2,008,900 MT for 2017/18. Export commitments for 2016/17 are running 15% ahead of year-ago

- Pro Farmer estimates the US soybean crop will total 4.331 billion bushels this year, with an average yield of 48.5 bpa

- IGC raised its forecast for 2017/18 global soybean production by 2.3 MMT to 347 MMT (350.5 MMT in 2016/17), mostly reflecting bigger forecast for the US. IGC upped global 2017/18 soybean carryover to 40.6 MMT (44.8 MMT in 2016/17), up by 1.7 MMT from prior month

- Argentina's Ag Min kept soybean production estimate at 55 MMT, down 6.5% from 58.8 MMT in 2015/16. Soybean exports forecast for 2016/17 (Apr 2017-Mar 2018) was left at 8.5 MMT (9 MMT in 2015/16). Soybean crushing is forecasted at 49 MMT (48.5 MMT in 2015/16)

- Argentina's Ag Min estimated sunseed production in 2016/17 at 3.55 MMT, up 18.3% from 3 MMT in 2015/16. Estimate for sunseed crush in 2016/17 (Jan-Dec 2017) kept at 3.45 MMT vs. 2.75 MMT previous season

- Buenos Aires Grain Exchange expects Argentina’s 2017/18 sunflower seed acreage will rise to 1.8 mln ha (1.7 mln ha in 2016/17). About 18.5% of the crop has been planted as of Aug 24 vs. 18% this time last year

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 1.856 MMT of soybeans vs. 2.167 MMT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 2.857 MMT of soymeal vs. 2.552 MMT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 29,958 MT of soybean oil vs. 39,436 MT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 265,355 MT of rapeseed vs. 130,460 MT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 13,286 MT of rapeseed meal vs. 23,019 MT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 16,189 MT of rapeseed oil vs. 15,547 MT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 42,590 MT of sunflowerseed vs. 132,979 MT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 495,654 MT of sunflower meal vs. 399,570 MT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 294,331 MT of sunflower oil vs. 203,030 MMT a year ago

- EU this season in period of Jul 1-Aug 22, 2017/18 imported 864,206 MT of palm oil vs. 849,755 MT a year ago

- EC raised its 2017 EU rapeseed harvest estimate to 21.856 MMT from 21.557 MMT in July, up 11.2% from 19.661 MMT in 2016

- EC increased its 2017 EU soybean harvest view to 2.593 MMT from 2.582 MMT last month, up 4.2% from 2.488 MMT in 2016

- EC upped its 2017 EU sunflower crop forecast to 8.686 MMT from 8.61 MMT in July, up 1.3% from 8.577 MMT in 2016

- German Ag Min estimates Germany's winter rapeseed harvest at 4.31 MMT, down 5.9% on the year

- Surveyor Intertek Testing Services estimated Malaysia's August 1-25 palm oil exports at 934,544 MT down 8.1% from a month ago

- Surveyor SGS estimated Malaysia's August 1-25 palm oil exports at 956,547 MT down 8.4% from a month ago

- China's July palm oil imports down 40.5% on year to 197,740 MT. China's Jan-July palm oil imports totalled 2.378 MMT, up 8.2% on year

- China's July soybean oil imports fell 22.7% from year-ago level to 76,033 MT. China's Jan-July soy oil imports rose 52.9% on year to 436,759 MT

- China's July sunflower oil imports down 39.4% on year to 44,203 MT. China's Jan-July sunflower oil imports fell 27% on year to 396,092 MT

- China's July rapeseed oil imports rose by 91.4% on year to 60,775 MT. China's Jan-July rapeseed oil imports increased 26.5% on year to 539,815 MT

- China's July rapeseed meal imports totalled 57,513 MT, up by 422.8% on year. China's Jan-July rapeseed meal imports rose 220.1% on year to 553,728 MT

- Russian farmers harvested 50,600 MT of sunseed from 0.3% of the planned area as of August 28, down from 94,300 MT a year ago. Yields totalled 1.84 mt/ha vs. 1.98 mt/ha a year ago

- Russian farmers harvested 83,000 MT of soybeans from 1.6% of the planned area as of August 28, up from 61,200 MT a year ago. Yields totalled 2.01 mt/ha vs. 2.01 mt/ha a year ago

- Russian farmers harvested 431,400 MT of rapeseed from 19.6% of the planned area as of August 28, up from 344,200 MT a year ago. Yields totalled 2.16 mt/ha vs. 1.43 mt/ha a year ago