WHEAT

- Sept 13 - Jordan seeks 100,000 MT of optional-origin hard milling wheat for February shipment

- Sept 7 - The lowest offers in Ethiopian tender for 70,000 MT of optional origin wheat came at 275.55 $/mt c&f for a consignment of 10,000 MT

- Sept 6 - Algeria's OAIC bought 250,000 MT of optional-origin durum wheat (mostly from Canada and Mexico) at around 285-295 $/mt c&f for Oct-Nov shipment

- Sept 7 - Argentina registered 61,000 MT of wheat for export

- Sept 6 - Argentina registered 30,000 MT of wheat for export

- Sept 7 - China sold 120,932 MT of 2012 wheat from state reserves or 10.9% of the offered amount (1,113,694 MT) at auction at average price of 2,375 RMB/mt (365 $/mt)

- Bangladesh has approved purchase of 200,000 MT of Russian wheat under a government-to-government deal at about 252 $/mt c&f for October arrival. Government food silos have only 443,000 MT of wheat in stock as of September 4, 2017

- About 800,000 MT of wheat from the Black Sea region is expected to arrive in India over September and October. The country is likely to receive 247,000 MT of mostly Ukrainian wheat in September. October arrivals are expected to surpass half a million tonnes. Most deals for the Black Sea wheat have been signed at 200-210 $/mt c&f

- Venezuelan government said it plans to rise the monthly wheat imports from Russia from 60,000 MT to 100,000 MT

- COFCO plans to expand the wheat purchases from the regions of Russia and for this purpose researches the quality of Russian grain

- Russia’s Ag Min said Russia exported about 7.849 MMT of grain between July 1-Sept 6, 2017/18, up by 22.3% from 6.418 MMT a year ago, including:

  • wheat – 5.821 MMT (5.443 MMT in 2016/17);
  • barley – 1.466 MMT (893 TMT);
  • corn – 512 TMT (49 TMT);
  • others – 50 TMT (33 TMT)

- Russia has 3,978,600 MT of grain in its federal intervention fund as of Sept 8 vs. 3,243,500 MT a year-ago

- Russia's Ag Min will reduce procurement prices for grain in case of beginning buying grain of 2017 harvest for interventions

- Russian farmers harvested 73.33 MMT of wheat from 73.5% of the planned area as of Sept 8, up from 68.11 MMT a year ago. Yields totalled 3.58 mt/ha up from 3.04 mt/ha a year ago

- Russian farmers have planted 4.75 million hectares (27.2% of the planned area) of winter crops as of September 8 down vs. 5.79 mln ha a year ago

- SovEcon increased Russia's total grain production forecast to 133 MMT from 127.6 MMT previously, and wheat crop estimate by 2.2 MMT to 81.1 MMT. Barley harvest is seen at 20.0 MMT up from 19.4 MMT previously. Corn production forecast was lowered by 1.2 to 15.2 MMT

- Weekly US wheat export sales data for week ended Aug 31 totalled 375,500 MT for 2017/18 (at the lower end of trade expectations of 350-550 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-Sept 5, 2017/18 exported 2.722 MMT of soft wheat compared to 5.252 MMT a year ago

- Japan will sell imported wheat to domestic millers at an average price of 52,510 yen/mt (482 $/mt) in October-March, up 3.6% from the previous six-month period (50,690 yen/mt in April-September), reflecting a higher wheat prices in its main suppliers, the US and Australia, higher shipping rates and a weaker yen

- FAO raised its forecast of global wheat production in 2017 to 748.8 MMT from 739.9 MMT projected in July, indicating a 1.5% (11.5 MMT) decline from the 2016 record level. The upturn is mainly on account of improved production prospects in Russia, which more than offsets downward revisions made for the US and Canada. Global wheat stocks (ending in 2018) are expected to rise to an all-time high of 261.9 MMT, up 5.9% (14.6 MMT) from their already high opening levels. The forecast has been raised by 6.1 MMT since July

- Bulgaria's Ag Min said Bulgaria exported 805,178 MT of wheat via port Varna between July 3-Sept 3, 2017/18, up 32.4% from a year-ago (608,036 MT)

- Farmers in Bulgaria harvested 5.761 MMT of wheat from 100% of the planned area as of Aug 31, up 7.7% from last-year stage, with yields at 5.24 mt/ha, 10.3% higher than a year-ago

- Czech Statistics Bureau lowered its wheat production forecast to 4.643 MMT from 4.665 MMT previously, down from 5.455 MMT in 2016

- France exported 1.16 MMT of soft wheat in July, the first month of the 2017/18, up 7% from the same month last year. French soft wheat exports within the EU totalled 700,081 MT, up 61% from a year earlier while exports outside the EU fell 29% from last year to 464,333 MT

- Kazakh farmers harvested 12.745 MMT of all grains as of September 9, slightly down from 12.777 MMT a year ago. Yields totalled 1.26 mt/ha down from 1.48 mt/ha a year ago

CORN

- Sept 8 - USDA announced export sales of 179,324 MT of US corn for delivery to unknown destinations during 2017/18

- Sept 7 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley for January shipment and may retender on Sept 14

- Sept 8 - Argentina registered 151,010 MT of corn for export

- Sept 7 - Argentina registered 50,000 MT of corn for export

- Sept 7 - Argentina registered 30,100 MT of malt for export

- Sept 6 - Argentina registered 236,933 MT of corn for export

- Sept 8 - China sold a total 454,571 MT of corn from state reserves via auctions:

  • 1,377 MT of 2011, 2012 corn, or 13.2% of the offered amount (10,433 MT), at average price of 1,300 RMB/mt (201 $/mt);
  • 453,194 MT of 2013, 2014 corn, or 67.4% of the offered amount (672,681 MT) at average price of 1,438 RMB/mt (222 $/mt)

- Sept 7 - China sold a total 766,122 MT of corn from state reserves via auctions:

  • 124,494 MT of 2013 corn, or 28.7% of the offered amount (434,364 MT), at average price of 1,255 RMB/mt (193 $/mt);
  • 641,628 MT of 2014 corn, or 71.8% of the offered amount (893,161 MT) at average price of 1,480 RMB/mt (228 $/mt)

- CNGOIC raised its estimate of 2017/18 Chinese corn production to 212.5 MMT from 211.5 MMT previously, but this is 3.2% lower than last year (219.554 MMT in 2016)

- Weekly US corn export sales data for week ended Aug 31 of 1,121,400 MT, incl. net sales reductions of 358,600 MT for 2016/17 (well below trade expectations of 0-250 TMT) and 1.48 MMT for 2017/18 (well above trade expectations of 650-950 TMT). Export commitments for 2017/18 are running 245% ahead of year-ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 2.537 MMT of corn (maize) vs. 1.678 MMT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 exported 47,047 MT of corn vs. 272,291 MT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 exported 542,734 MT of barley vs. 1.172 MMT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 exported 436,968 MT of malt in barley equivalent vs. 537,339 MT a year ago

- Farmers in Bulgaria harvested 18,835 MT of corn from 1% of the planned area as of Aug 31, down 77% from last-year stage. Yields totals 4.49 mt/ha, 14.8% lower than a year-ago

- Czech Statistics Bureau raised its barley production estimate to 1.68 MMT from 1.619 MMT previously, down from 1.845 MMT in 2016

- FranceAgriMer estimated French corn condition as of Sept 4 as 79% in good to excellent, unchanged from the prior week and well above the year-ago score of 55%

- Russian farmers harvested 800,800 MT of corn from 5.3% of the planned area as of Sept 8, up from 652,900 MT a year ago. Yields totalled 4.91 mt/ha vs. 4.99 mt/ha a year ago

- Russian farmers harvested 18.8 MMT of barley from 81.4% of the planned area as of Sept 8, up from 17.77 MMT a year ago. Yields totalled 2.87 mt/ha up from 2.38 mt/ha a year ago

- US Ethanol production for the week ended Sept 1 increased by 18,000 barrels to 1,060,000 barrels per day, up 6.2% from last year's level of 998,000 bpd. Stocks fell by 187,000 barrels from the week prior to 21.116 million barrels, up 2.2% vs. 20.654 million barrels a year ago

SOYBEAN

- Sept 8 - USDA announced export sales of 264,000 MT of US soybeans for delivery to China during 2017/18

- Sept 8 - Argentina registered 65,296 MT of soybean oil for export

- Sept 7 - Argentina registered 9,000 MT of sunflower oil for export

- Sept 6 - Argentina registered for export 45,000 MT of soybeans, 248,210 MT of soymeal and 15,000 MT of soybean oil

- Weekly US soybeans export sales data for week ended Aug 31 of 1,156,600 MT, incl. net sales reductions of 366,400 MT for 2016/17 (below trade expectations of -200-+100 TMT) and 1.523 MMT for 2017/18 (topped trade expectations of 700-1000 TMT). Export commitments for 2017/18 are running 168% ahead of year-ago

- China imported 8.45 MMT of soybeans in August, a record for this month, up 10.2% from Aug 2016 but down 16.2% from 10.08 MMT in July 2017. Soy imports for the first 8 months of 2017 stood at 63.34 MMT, up 17.3% from the same period last year

- China's imports of all vegetable oils in August was 520,000 MT, up 92.6% from 270,000 MT in July

- The EU will by Sept 28 sharply lower the tariffs it has imposed on Argentine biodiesel for the past four years (in November 2013 were set anti-dumping duties). Duties will be cut from 22-25.7% to 4.5-8.1%

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 2.052 MMT of soybeans vs. 2.82 MMT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 3.324 MMT of soymeal vs. 3.389 MMT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 38,754 MT of soybean oil vs. 47,190 MT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 444,823 MT of rapeseed vs. 221,549 MT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 24,148 MT of rapeseed meal vs. 33,054 MT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 25,869 MT of rapeseed oil vs. 27,731 MT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 56,781 MT of sunflowerseed vs. 150,256 MT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 530,809 MT of sunflower meal vs. 504,294 MT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 332,495 MT of sunflower oil vs. 224,783 MMT a year ago

- EU this season in period of Jul 1-Sept 5, 2017/18 imported 1.021 MMT of palm oil vs. 1.13 MMT a year ago

- Farmers in Bulgaria harvested 457,433 MT of sunseed from 26% of the planned area as of Aug 31, up 44.8% from last-year stage, with yields at 2.17 mt/ha, 10.7% higher than a year-ago

- Czech Statistics Bureau cut its rapeseed production estimate to 1.149 MMT from 1.199 MMT previously, down from 1.359 MMT in 2016

- Russian farmers harvested 464,800 MT of sunseed from 2.7% of the planned area as of Sept 8, down from 650,300 MT a year ago. Yields totalled 2.15 mt/ha vs. 2.14 mt/ha a year ago

- Russian farmers harvested 201,200 MT of soybeans from 4.1% of the planned area as of Sept 8, down from 242,900 MT a year ago. Yields totalled 1.91 mt/ha vs. 1.8 mt/ha a year ago

- Russian farmers harvested 641,100 MT of rapeseed from 30.9% of the planned area as of Sept 8, up from 550,000 MT a year ago. Yields totalled 2.03 mt/ha vs. 1.31 mt/ha a year ago

- India's oilmeal exports climbed 94% from a year ago to 139,568 MT in August (71,879MT in August 2016). Indian export of oilmeals during April-August 2017/18 rose 78% to 864,818 MT compared to 485,220 MT during the same period of last season. The export of soymeals recorded steady growth to 81,079 MT in August (10,615 MT in Aug 2016)