WHEAT

- Sept 21 - Japan seeks 127,427 MT of food wheat for Oct-Nov shipments:

  • 18,722 MT of western white US wheat;
  • 41,180 MT of hard red winter US wheat;
  • 35,285 MT of Canadian western red spring wheat;
  • 32,240 MT of Australian standard white wheat

- Sept 19 - Egypt’s GASC seeks an unspecified amount of wheat from global suppliers for Oct 21-31 shipment. The lowest offer was 195 $/mt fob from ADM for Russian wheat

- Sept 19 - China sold 26,186 MT of wheat from state reserves or 1.3% of the offered amount (2,011,493 MT) at auction at average price of 2,395 RMB/mt (363 $/mt)

- Sept 19 - China auctioned 8,146 MT of imported wheat from state reserves, or 5.7% of the offered amount (142,488 MT) at average price of 2,542 RMB/mt (386 $/mt)

- Sept 18 - Argentina registered 28,364 MT of wheat for export

- US wheat export inspections for week, ending Sept 14, recorded 464,375 MT, near the upper end of market expectations. Inspections for 2017/18 are running 1.7% ahead of year-ago

- USDA said the US winter wheat crop 13% planted as of Sept 17, behind of analysts’ expectations of 14%, also down from last-year and 5-year average scores of 15%

- Informa Economics estimated US 2017 all-wheat production at 1.66 billion bushels (45.18 MMT). It expects US all-wheat plantings for 2018 would rise to 45.875 million acres, from 45.105 million a year earlier

- Russia's Ag Min says the country is preparing to export 500,000 MT of grain from its state reserves. Russia will also supply around 600,000 MT of wheat to Venezuela in the current marketing year ending next June. The ministry currently sees Russia's 2017/18 total grain exports at 44 MMT, up 4 MMT from the previous estimate

- Russia’s Ag Min said Russia exported about 8.891 MMT of grain between July 1-Sept 13, 2017/18, up by 19.3% from 7.453 MMT a year ago, including:

  • wheat – 6.711 MMT (6.316 MMT in 2016/17);
  • barley – 1.573 MMT (1.009 MMT);
  • corn – 554 TMT (94 TMT);
  • others – 53 TMT (33 TMT)

- Russia has 3,978,600 MT of grain in its federal intervention fund as of Sept 15 vs. 3,246,200 MT a year-ago

- Kazakh farmers harvested 16.582 MMT of all grains as of September 18, up from 14.873 MMT a year ago. Yields totalled 1.29 mt/ha down from 1.47 mt/ha a year ago

- Kazakhstan’s grain stocks as of Sept 1, 2017 accounted 6.568 MMT, including 5.097 MMT of wheat thereof 4.656 MMT of milling wheat compared to 4.832 MMT (incl. 3.811 MMT of wheat thereof 3.449 MMT of milling) a year ago

- ABARES cut its forecast of 2017/18 Australian wheat export to 18.153 MMT from previous estimate of 20.887 MMT in June and below last year’s shipments of 22.067 MMT

- MARS upped its yield estimate for this year's EU soft wheat to 5.86 mt/ha from 5.85 mt/ha in Aug, up 5.3% from last year and 0.4% above the five-year mean

- Britain's wheat exports fell sharply in July, the first month of the 2017/18 season, to just 16,254 MT vs. 205,005 MT in the same month last year. While imports climbed to 155,497 MT during July vs. 120,194 MT in Jul 2016

- Bangladesh will import 100,000 MT of white rice from Myanmar at 442 $/mt in a state-to-state deal

CORN

- Sept 19 - Tunisia's state grains agency seeks 50,000 MT of optional-origin feed barley for Oct-Nov shipment. The lowest offer was 200.69 $/mt c&f followed by other offers of $205, $206 and $207

- Sept 19 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley

- Sept 18 - Argentina registered 40,559 MT of corn for export

- Sept 15 - Argentina registered 103,725 MT of corn for export

- Sept 15 - Argentina registered 30,000 MT of malting barley for export

- Sept 13 - Algeria is thought to have made no purchase in a tender for 35,000 MT of optional-origin feed barley for Nov 1-15 shipment

- US corn export inspections for week, ending Sept 14, reported 676,819 MT, below market expectations (800-1100 TMT). Inspections for 2017/18 are running 53.8% behind of year-ago

- USDA rated 61% of the US corn crop in good-to-excellent condition as of Sept 17, unchanged from the previous week, ahead of analysts’ expectations (60%), but down compared to 74% a year-ago. USDA estimated 7% of the US corn crop was harvested, behind of analysts' forecasts of 10%, also below last year’s pace (8%) and 5-year mean of 11%

- Informa Economics expects US 2018 corn plantings at 91.880 million acres, up from its estimate of 90.660 million seeded in 2017. Informa forecast a US 2018 corn crop of 14.549 billion bushels (369.56 MMT) based on a yield of 172.2 bushels per acre (bpa) vs.14.115 billion bushels (358.54 MMT), with a yield of 169.7 bpa in 2017

- Zimbabwe's maize reserves have reached 1 MMT, the highest in more than 17 years

- ABARES cut its forecast of 2017/18 Australian barley export to 5.005 MMT from previous estimate of 6.894 MMT in June and well below last year’s level of 9.539 MMT

- ABARES raised its forecast of 2017/18 Australian sorghum export to 763,000 MT from previous estimate of 416,000 MT in June and up from 729,000 MT in 2016/17

- MARS raised its yield forecast for this year's EU corn to 6.99 mt/ha from 6.93 mt/ha last month, down 2.2% from 2016 (7.15 mt/ha), but 1.4% above the five-year average

- MARS trimmed its yield estimate for this year's EU barley (winter and spring) to 4.73 mt/ha from 4.74 mt/ha last month, down 2.8% from last year (4.86 mt/ha) and 2.1% below the 5-year average

SOYBEAN

- Sept 20 - Egypt's GASC seeks 10,000 MT optional-origin sunoil and 30,000 MT soyoil for Nov 1-20 delivery

- Sept 18 - USDA announced export sales of 387,000 MT of US soybeans for delivery during 2017/18:

  • 261,000 MT to China;
  • 126,000 MT to unknown destinations

- Sept 18 - Argentina registered for export 66,000 MT of soybeans and 114,160 MT of soymeal

- Sept 15 - Argentina registered for export 57,800 MT of soybeans and 203,990 MT of soymeal

- Sept 15 - Argentina registered 16,362 MT of sunflower oil for export

- US soybean export inspections for week, ending Sept 14, reported 928,575 MT, below market expectations. Inspections for the 2017/18 marketing year are running 6.4% ahead of year-ago

- USDA rated 59% of the US soybean crop as good-to-excellent as of Sept 17, down 1% point from the previous week and behind market forecasts for unchanged, also below compared to 73% a year-ago. USDA estimated 4% of the US soybean corn crop was harvested, in line with last year’s pace, but behind of analysts' forecasts (5%) and below 5-year mean of 5%

- Informa Economics expects US soybean plantings falling to 89.057 million acres in 2018, down from 90.342 million in 2017. It forecast a 2018 soybean crop of 4.327 billion bushels (117.76 MMT), based on yield of 49.0 bpa vs. 4.47 billion bushels (121.65 MMT), with a yield of 49.9 bpa in 2017

- NOPA said its members crushed 142.424 million bushels of soybeans during August, the highest for the month on record and more than expected (137.501 million bu – avg., 133.1-144.7 mln bu – range). NOPA processors crashed 144.718 mln bu in July and 131.822 mln bu a year ago. Soyoil stocks fell to 1.417 billion lbs as of Aug 31 from 1.558 a month earlier and vs. last year’s level of 1.62 billion lbs, but above the average expectations of 1.396 billion lbs. Soymeal exports fell to 426,896 tons from 596,767 tons in July and vs. 574,802 tons a year-ago

- Sept 20 - EU will cut import duties on Argentine biodiesel to 4.5-8.1% from initial rates set in 2013 of 22-25.7%

- Argentina's 2017/18 soybean harvest is expected to fall by as much as 7% to 52 MMT compared with the 2016/17 crop year

- Russia produced 3.0 MMT of sunflower oil during the first eight months of 2017, up 19.8% from the same period last year

- ABARES lowered its forecast of 2017/18 Australian canola export to 2.043 MMT from previous estimate of 2.514 MMT in June and well below the 3.598 MMT in 2016/17

- MARS lowered its yield estimate for this year's EU rapeseed to 3.25 mt/ha from 3.27 mt/ha last month, up 8.4% from last year (3.0 mt/ha) and 0.4% above the 5-year average

- MARS raised its yield forecast for this year's EU sunflower seed to 2.11 mt/ha from 2.07 mt/ha last month, up 2.2% from 2016 (2.06 mt/ha) and 8.5% above the 5-year average (1.94 mt/ha)