WHEAT

- Bangladesh bought about 100,000 MT of Black Sea wheat in recent private deals. Wheat with 11.5% protein was sold at about 223 $/mt c&f, while wheat with 10.5% protein was sold at 218 $/mt c&f for November-December arrival

- Oct 12 - Tunisia's state grains agency bought 75,000 MT of optional-origin durum wheat for Dec 15-Jan 20 and 50,000 MT of soft wheat for Nov 25-Dec 20 shipment :

  • 25,000 MT of soft milling wheat from Cofco at 208.19 $/mt c&f;
  • 25,000 MT of soft milling wheat from Cofco at 209.19 $/mt c&f;
  • 25,000 MT of durum wheat from Casillo Commodities at 283.50 $/mt c&f;
  • 25,000 MT of durum wheat from Casillo Commodities at 286.87 $/mt c&f;
  • 25,000 MT of durum wheat from Euroagricola at 285.48 $/mt c&f

- Oct 12 - Japan bought 106,045 MT of food wheat for Nov-Jan shipments:

  • 13,300 MT of western white US wheat;
  • 20,875 MT of hard red winter US wheat;
  • 35,740 MT of Canadian western red spring wheat;
  • 36,130 MT of Australian standard white wheat

- Oct 12 - China sold 36,712 MT of 2012 wheat from state reserves or 4.3% of the offered amount (855,361 MT) at auction at average price of 2,339 RMB/mt (355 $/mt)

- Oct 13 - Argentina registered 173,003 MT of wheat for export

- Oct 12 - Argentina registered 230,145 MT of wheat for export

- Oct 11 - Argentina registered 45,400 MT of wheat for export

- Morocco will cut customs duties for soft wheat imports to 30% from the current 135% from Dec 1

- Weekly US wheat export sales data for week ended Oct 5 totalled 175,000 MT for 2017/18 (below trade expectations of 300-500 TMT). Export commitments for 2017/18 are running 5% behind of year-ago

- According to TAXUD, the EU this season in period of July 1-Oct 10, 2017/18 exported 5.005 MMT of soft wheat compared to 7.696 MMT a year ago

- Russia’s Ag Min said Russia exported about 13.551 MMT of grain between July 1-Oct 11, 2017/18, up by 21% from 11.197 MMT a year ago, including:

  • wheat – 10.488 MMT (9.242 MMT in 2016/17);
  • barley – 2.082 MMT (1.326 MMT);
  • corn – 903 TMT (577 TMT);
  • others – 78 TMT (52 TMT)

- Russia has 3,967,600 MT of grain in its federal intervention fund as of Oct 13 vs. 3,287,700 MT a year-ago

- Russian farmers harvested 86.91 MMT of wheat from 97.2% of the planned area as of Oct 13, up from 75.56 MMT a year ago. Yields totalled 3.24 mt/ha up from 2.79 mt/ha a year ago

- Russian farmers have planted 15.69 million hectares (90.2% of the planned area) of winter crops as of Oct 13, up vs. 15.08 mln ha a year ago

- Ukraine's Ag Min said Ukraine exported 11.497 MMT of grain between July 1-Oct 12, 2017/18, including:

  • wheat – 6.724 MMT;
  • corn – 1.273 MMT;
  • barley – 3.31 MMT

- Ukrainian farmers as of Oct 13 have sown 5.2 million hectares (84% of plan) for the 2018 wheat harvest

- Kazakh farmers harvested 21.72 MMT of all grains as of Oct 13, up from 21.26 MMT a year ago. Yields totalled 1.42 mt/ha down from 1.51 mt/ha a year ago

- USDA raised 2017/18 global wheat production forecast by 6.3 MMT to 751.2 MMT as larger crops are expected for India, the EU, Russia, Turkey, Canada and Morocco. Global trade is forecast nearly unchanged from last month, but remains a record. Imports are forecast down for India and Turkey, but higher for Iraq. Exports are projected up for Argentina and Canada, offsetting a reduction for Australia

- USDA raised global wheat carryover for 2017/18 to a new record of 268.13 MMT, up by 5 MMT from Sept estimate and above the range of trade estimates (262.8 MMT– avg. pre-report expectation, 258-265.4 – range)

- Algeria's grain output for the 2017 season reached 3.5 MMT (incl. 2 MMT of durum wheat and 1 MMT of barley), slightly up from last year's 3.4 MMT

- Strategie Grains raised its estimate for the 2017 soft wheat harvest in the EU to 142.8 MMT from 142.5 MMT in Sept (135.6 MMT in 2016). Analysts are expecting that sowings of soft wheat for the 2018 harvest will increase 0.5% compared with this year

- FranceAgriMer estimated winter wheat planting 20% done as of Oct 9, behind of last year’s pace of 21%

- Czech Statistics Bureau upped its wheat production forecast to 4.649 MMT from 4.643 MMT previously, down from 5.455 MMT in 2016

- Bulgaria's Ag Min said Bulgaria exported 1.13 MMT of wheat via port Varna between July 3-Oct 8, 2017/18, up 38.8% from a year-ago (814,350 MT)

- Bulgaria's July 2017 wheat exports are estimated at 555,100 MT, down 5.7% from year-ago

- Rosario grain exchange lowered its forecast of Argentine 2017/18 wheat crop production to 16 MMT, down 1.0 MMT from last year

CORN

- Oct 13 - South Korea's KOCOPIA bought 60,000 MT of yellow corn, likely from the US, from CJ International at 191.30 $/mt c&f including surcharge for additional port unloading for Jan 25 arrival

- Oct 12 - Tunisia's state grains agency bought 50,000 MT of optional-origin feed barley for Nov 25-Dec 20 shipment from Glencore in two 25,000 MT consignments at 209.26 and 209.53 $/mt c&f

- Oct 12 - USDA announced export sales of 120,000 MT of US corn for delivery to Mexico during 2017/18

- Oct 13 - China sold a total 1,198,722 MT of corn from state reserves via auctions:

  • 3,000 MT of 2013 corn, or 2.3% of the offered amount (127,598 MT) at average price of 1,290 RMB/mt (196 $/mt);
  • 1,195,722 MT of 2013, 2014 corn, or 56.8% of the offered amount (2,104,497 MT) at average price of 1,435 RMB/mt (218 $/mt)

- Oct 12 - China sold a total 738,108 MT of corn from state reserves via auctions:

  • 2,331 MT of 2012 corn, or 1.7% of the offered amount (136,654 MT) at average price of 1,300 RMB/mt (197 $/mt);
  • 75,159 MT of 2013 corn, or 100% of the offered amount at average price of 1,372 RMB/mt (208 $/mt);
  • 660,618 MT of 2014 corn, or 72.6% of the offered amount (910,064 MT) at average price of 1,436 RMB/mt (218 $/mt)

- Oct 13 - Argentina registered for export 28,000 MT of malting barley, 8,000 MT of malt and 23,685 MT of corn

- Oct 12 - Argentina registered 150,130 MT of corn for export

- Oct 11 - Argentina registered 91,429 MT of corn for export

- Weekly US corn export sales data for week ended Oct 5 of 1,608,400 MT, incl. 1,593,200 MT for 2017/18 (topped trade expectations of 800-1100 TMT). Export commitments for 2017/18 are running 36% behind of year-ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 3.889 MMT of corn (maize) vs. 2.352 MMT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 exported 118,069 MT of corn vs. 622,379 MT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 exported 1.343 MMT of barley vs. 1.456 MMT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 exported 757,473 MT of malt in barley equivalent vs. 840,139 MT a year ago

- USDA raised its forecast of US 2017/18 corn crop to 14.28 billion bushels (14.184 in Sept), above the average of analysts' forecasts of 14.204 (14.06-14.355 – range). USDA raised its estimate of the average US 2017 corn yield to 171.8 bpa from its Sept estimate of 169.9 bpa, above even the highest in a range of trade estimates (168.7-171.5 bpa)

- USDA raised its forecast of global corn production in 2017/18 by 6.2 MMT to 1,038.8 MMT this month with a significant boost from Nigeria and the US, Mozambique and Turkey, that more than offsets lower prospects for Russia and Ukraine. Global corn trade is revised downward with lower projected imports in Vietnam and Turkey. Prospects for slower growth in Vietnam’s feed industry and higher domestic production in Turkey are the key reasons for the projected decrease in trade

- USDA lowered its forecast of 2017/18 world corn ending stocks by 1.5 MMT to 200.96 MMT, below average analyst estimates for 201.91 MMT and down from 226.99 MMT in 2016/17

- China’s Ag Min kept its 2017/18 corn import forecast at 1.5 MMT, but raised its estimate for 2016/17 by 0.3 MMT to 2.3 MMT. China's Ag Min lowered its 2017/18 corn output estimate to 210.11 MMT from 212.48 MMT in September, down 4.3% from last year crop (219.57 MMT in 2016/17), while consumption will be higher at 215.62 MMT, versus last month's forecast of 214.57 MMT (210.72 MMT in 2016/17)

- Strategie Grains raised its forecast of total EU barley production in 2017 by 0.2 MMT to 58.7 MMT, down 2% from last year (59.9 MMT in 2016). EU farmers are expected to sow more barley for next year's harvest. Analysts are expecting that sowings of winter barley will increase 1% and sowings of spring barley will rise 3% compared to this year

- Strategie Grains kept its estimate for EU grain maize production in 2017 at 59 MMT, unchanged from prior month, but below last year's crop of 59.9 MMT. Analysts are expecting that sowings of corn for the 2018 harvest will fall 1.5% compared to this year

- FranceAgriMer estimated French corn condition as of Oct 9 as 81% in good to excellent, up 1% point from the prior week and well above the year-ago score of 53%. French farmers harvested 28% of corn as of Oct 9 vs. 15% a week ago and 21% a year ago

- FranceAgriMer estimated winter barley planting 32% done as of Oct 9, behind of last year’s pace of 34%

- Czech Statistics Bureau lowered its barley production estimate to 1.676 MMT from 1.68 MMT previously, down from 1.845 MMT in 2016

- Farmers in Bulgaria harvested 1.847 MMT of corn from 75% of the planned area as of Oct 5, up 9.5% from last-year stage. Yields totals 5.85 mt/ha, 13.4% higher than a year-ago

- Bulgaria's Sept-July 2016/17 corn exports are estimated at 984,200 MT, down 26.1% from year-ago. While imports increased in 8 times to 355,000 MT

- Bulgaria's July 2017 barley exports are estimated at 82,700 MT, down 33% from year-ago

- Buenos Aires Grain Exchange expects Argentina’s 2017/18 corn acreage at 5.4 mln ha (5.1 mln ha in 2016/17). Exchange estimates 21.7% of the crop has been planted as of Oct 11, behind of last year’s pace (31.8%)

- Ukrainian farmers as of Oct 13 harvested 7 MMT of maize from 1.6 million hectares (or 36% from total area of 4.5 million ha) with yields at 4.35 mt/ha

- Ukrainian farmers as of Oct 13 have sown 513,000 hectares (55% of plan) for the 2018 barley harvest. The area under winter barley is likely to total 926,000 hectares

- Russian farmers harvested 6.25 MMT of corn from 45.6% of the planned area as of Oct 13, up from 5.78 MMT a year ago. Yields totalled 4.71 mt/ha vs. 5.41 mt/ha a year ago

- Russian farmers harvested 21.34 MMT of barley from 96.3% of the planned area as of Oct 13, up from 19.0 MMT a year ago. Yields totalled 2.79 mt/ha up from 2.35 mt/ha a year ago

- US Ethanol production for the week ended Oct 6 fell by 43,000 barrels to 967,000 barrels per day, up 0.5% from last year's level of 962,000 bpd. Stocks decreased by 22,000 barrels from the week prior to 21.523 million barrels, up 11% vs. 19.393 million barrels a year ago

SOYBEAN

- Oct 13 - China sold 160 MT of soybean produced in 2010 from state reserves, or 0.2% of the offered amount (84,588 MT) at an average price of 3,070 RMB/mt (466 $/mt)

- Oct 13 - Argentina registered for export 15,000 MT of soybean oil and 70,877 MT of soymeal

- Oct 12 - Argentina registered for export 10,000 MT of soybean oil, 73,000 MT of soymeal and 20,000 MT of sunflower meal

- Oct 11 - Argentina registered for export 15,000 MT of soybean oil and 178,500 MT of soymeal

- Weekly US soybeans export sales data for week ended Sept 28 of 1,747,300 MT for 2017/18 (topped trade expectations of 0.9-1.2 MMT). Export commitments for 2017/18 are running 16% behind of year-ago

- USDA kept its US 2017/18 soybean harvest outlook unchanged at 4.431 billion bushels, within market forecasts (4.335-4.49). USDA surprisingly cut its US soy yield estimate to 49.5 bushels per acre (bpa), down from 49.9 bpa in September and below an average of analyst expectations for 50 bpa

- USDA lowered its forecast of 2017/18 global soybean production by 0.55 MMT to 347.9 MMT, down 1% (or 3.4 MMT) from last year's record level

- USDA lowered its forecast of 2017/18 world soybean ending stocks by 1.5 MMT to 96.05 MMT, below average analyst estimates for 96.48 MMT, but up from 94.86 MMT in 2016/17

- China imported 8.11 MMT of soybeans in September, up 12.7% from Sept 2016 but down 4% from 8.45 MMT in August 2017. Soy imports for the first 9 months of 2017 stood at 71.45 MMT, up 16.8% from the same period last year. Imports for the 2016/17 crop year, running from October to September, rose to 93.5 MMT, well above the prior year's 83.2 MMT

- China's imports of all vegetable oils in September was 600,000 MT, up 15.4% from 520,000 MT in August. China's Jan-Sept vegetable oil imports rose 5.2% on year to 4.17. Imports for the 2016/17 crop year, running from October to September, decrease to 5.75 MMT from 5.79 MMT in 2015/16

- China's Ag Min raised its 2017/18 soybean production estimate to 14.94 MMT compared to the previous forecast of 14.68 MMT and vs. 12.94 MMT in 2016/17

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 3.174 MMT of soybeans vs. 3.925 MMT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 5.298 MMT of soymeal vs. 4.963 MMT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 73,165 MT of soybean oil vs. 76,657 MT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 1.048 MMT of rapeseed vs. 609,612 MT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 51,568 MT of rapeseed meal vs. 67,310 MT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 57,557 MT of rapeseed oil vs. 55,374 MT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 107,400 MT of sunflowerseed vs. 223,042 MT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 766,794 MT of sunflower meal vs. 654,293 MT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 452,566 MT of sunflower oil vs. 292,364 MMT a year ago

- EU this season in period of Jul 1-Oct 10, 2017/18 imported 1.7 MMT of palm oil vs. 1.701 MMT a year ago

- Malaysia will rise its crude palm oil export tax to 6.5% in November, up from 6% in October. Malaysia calculated a reference price of 2,872.58 MYR/mt (680 $/mt) for November

- UK’s Ag Min estimates 2017 rapeseed harvest for the UK at 2.183 MMT, an increase of 23% on year (1.775 MMT in 2016)

- Farmers in Bulgaria harvested 1.786 MMT of sunseed from 96% of the planned area as of Oct 5, up 8.3% from last-year stage, with yields at 2.29 mt/ha, 1.8% higher than a year-ago

- Bulgaria's Sep-July 2016/17 sunflower exports are estimated at 632,900 MT, down 5.9% from year-ago score. While imports doubled to 209,800 MT

- Bulgaria's July 2017 rapeseed exports are estimated at 96,800 MT, down 27.6% from year-ago

- 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 39.5% of the crop has been planted as of Oct 11 vs. 38.1% this time last year

- Czech Statistics Bureau cut its rapeseed production estimate to 1.142 MMT from 1.149 MMT previously, down from 1.359 MMT in 2016

- Ukrainian farmers as of Oct 13 harvested 9.8 MMT of sunseed from 5.1 million hectares (86% of plan) with yields of 1.94 mt/ha

- Ukrainian farmers as of Oct 13 harvested 2.4 MMT of soybeans from 1.3 million hectares (66% of plan) with yields of 1.83 mt/ha

- Ukrainian farmers have planted 822,000 hectares of winter rapeseed (106% of plan) as of Oct 13

- Russian farmers harvested 5.97 MMT of sunseed from 46.2% of the planned area as of Oct 13, down from 6.22 MMT a year ago. Yields totalled 1.66 mt/ha vs. 1.67 mt/ha a year ago

- Russian farmers harvested 1.96 MMT of soybeans from 46.7% of the planned area as of Oct 13, up from 1.74 MMT a year ago. Yields totalled 1.63 mt/ha vs. 1.77 mt/ha a year ago

- Russian farmers harvested 1.46 MMT of rapeseed from 85.3% of the planned area as of Oct 13, up from 1.03 MMT a year ago. Yields totalled 1.74 mt/ha vs. 1.22 mt/ha a year ago