WHEAT

- Sept 28 - Argentina registered 310,000 MT of wheat for export

- Sept 28 - China sold 31,637 MT of 2012 wheat from state reserves or 3.6% of the offered amount (886,998 MT) at auction at average price of 2,298 RMB/mt (345 $/mt)

- Weekly US wheat export sales data for week ended Sept 21 totalled 435,600 MT for 2017/18 (near the upper end of trade expectations of 250-450 TMT). Export commitments for 2017/18 are running 4% behind of year-ago

- According to TAXUD, the EU this season in period of July 1-Sept 26, 2017/18 exported 4.461 MMT of soft wheat compared to 6.766 MMT a year ago

- Buenos Aires Grain Exchange forecasts Argentina's 2017/18 wheat at 17 MMT versus 16.8 MMT in 2016/17

- South Africa's Crop Estimates Committee (CEC) raised its wheat production forecast this year to 1.717 MMT from 1.604 MMT last month, down 10% from the previous season’s crop of 1,91 MMT. The area estimate for wheat was upped to 491,600 hectares from 479,600 ha previously, 3.3% less last year's acreage

- Kazakhstan plans to export no less than 9.0 MMT of grain in 2017/18, up from 8.3 MMT in the previous season

- Russian Ag Min expects Russia will likely export 45 MMT of grain, including 30 MMT of wheat in 2017/18

- International Grains Council (IGC) raised its forecast for world wheat production in 2017/18 to 747.6 MMT (754.1 MMT in 2016/17), up by 5.4 MMT from the previous forecast, with revision upward for Russia (+2 MMT to 82 MMT), India (+1.9 MMT to 98.4 MMT), Canada (+2 MMT to 27 MMT), EU (+1.9 MMT to 150.2 MMT) and downward for Australia (-1.3 MMT to 21.5 MMT). Forecast of global wheat ending stocks kept unchanged – 247.8 MMT (241.7 MMT in 2016/17)

CORN

- Sept 29 - Saudi Arabia seeks 540,000 MT of feed barley in 9 consignments for Nov-Dec shipment

- Sept 28 - USDA announced export sales of 233,800 MT of US corn for delivery to unknown destinations during 2017/18

- Sept 28 - Argentina registered 60,221 MT of corn for export

- Sept 28 - China sold a total 553,288 MT of corn from state reserves via auctions:

  • 101,366 MT of 2013 corn, or 100% of the offered amount, at average price of 1,353 RMB/mt (203 $/mt);
  • 451,922 MT of 2014 corn, or 55.5% of the offered amount (813,709 MT) at average price of 1,448 RMB/mt (217 $/mt)

- Weekly US corn export sales data for week ended Sept 21 of 320,200 MT for 2017/18 (well below trade expectations of 500-800 TMT). Export commitments for 2017/18 are running 39% behind of year-ago

- Buenos Aires Grain Exchange expects Argentina's 2017/18 corn crop to climb to 41 MMT from 39 MMT in 2016/17

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 3.359 MMT of corn (maize) vs. 2.074 MMT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 exported 98,691 MT of corn vs. 444,643 MT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 exported 1.033 MMT of barley vs. 1.416 MMT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 exported 670,499 MT of malt in barley equivalent vs. 709,252 MT a year ago

- South Africa's Crop Estimates Committee (CEC) raised its forecast of corn output this year to a record high 16.744 MMT from 16.413 MMT last month. It is 115% more than last year (7.779 MMT in 2016) and above an average of market expectations of 16.498 MMT

- IGC raised its forecast for the global corn crop in 2017/18 by 12.1 MMT to 1.029 billion tonnes (1.079 BMT in 2016/17), mostly reflecting higher forecasts for Argentina, the US and China, while estimate for Ukraine was revised downward. IGC raised its forecast for 2017/18 global corn carryover by 12.6 MMT from August to 208.2 MMT (237 MMT in 2016/17)

SOYBEAN

- Sept 28 - Argentina registered for export 35,000 MT of soybean oil and 373,180 MT of soymeal

- Sept 28 - Argentina registered for export 7,125 MT of sunflower oil and 7,650 MT of sunflower meal

- Sept 28 - USDA announced export sales of 132,000 MT of US soybeans for delivery to unknown destinations during 2017/18

- Weekly US soybeans export sales data for week ended Sept 21 of 3,102,700 MT, incl. 2,982,700 MT for 2017/18 (topped trade expectations of 1.8-2.2 MMT). Export commitments for 2017/18 are running 15% behind of year-ago

- IGC increased its forecast for 2017/18 global soybean production by 1.4 MMT to 348.4 MMT (350.5 MMT in 2016/17), mostly reflecting bigger forecast for the US. IGC upped global 2017/18 soybean carryover to 42 MMT (44.5 MMT in 2016/17), up by 1.4 MMT from prior month

- Buenos Aires Grain Exchange expects Argentina's 2017/18 soybean crop to fall to 54 MMT from 57.5 MMT in 2016/17. The soy planting area in the 2017/18 season is seen at 18.1 million hectares, down from 19.2 million in 2016/17

- CEC raised S. Africa’s 2017 sunflower crop outlook to 874,595 MT from 870,095 MT in August, up 15.8% from 755,000 MT in 2016

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 2.717 MMT of soybeans vs. 3.373 MMT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 4.598 MMT of soymeal vs. 4.3 MMT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 54,786 MT of soybean oil vs. 64,072 MT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 722,459 MT of rapeseed vs. 513,062 MT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 35,752 MT of rapeseed meal vs. 48,669 MT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 50,309 MT of rapeseed oil vs. 46,645 MT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 82,518 MT of sunflowerseed vs. 195,730 MT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 650,265 MT of sunflower meal vs. 602,123 MT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 430,750 MT of sunflower oil vs. 262,830 MMT a year ago

- EU this season in period of Jul 1-Sept 26, 2017/18 imported 1.463 MMT of palm oil vs. 1.461 MMT a year ago