WHEAT

- Oct 26 - Turkey's TMO seeks 150,000 MT of red milling wheat (15x10 TMT). Offers must be made in Turkish lira on a c&f basis

- Russia’s Ag Min said Russia exported about 14.447 MMT of grain between July 1-Oct 18, 2017/18, up by 22.3% from 11.809 MMT a year ago, including:

  • wheat – 11.202 MMT (9.682 MMT in 2016/17);
  • barley – 2.159 MMT (1.354 MMT);
  • corn – 1.005 MMT (717 TMT);
  • others – 81 TMT (56 TMT)

- Russia has 3,967,600 MT of grain in its federal intervention fund as of Oct 20 vs. 3,329,300 MT a year-ago

- Russian farmers harvested 87.61 MMT of wheat from 98.7% of the planned area as of Oct 20, up from 75.7 MMT a year ago. Yields totalled 3.21 mt/ha up from 2.79 mt/ha a year ago

- Russian farmers have planted 16.25 million hectares (93.4% of the planned area) of winter crops as of Oct 20, up vs. 15.98 mln ha a year ago

- Ukrainian farmers as of Oct 20 have sown 5.6 million hectares (91% of plan) for the 2018 wheat harvest

- Ukrainian grain stocks were at 21.31 MMT as of Oct 1, down 14.3% from a year earlier, incl. 14.032 MMT of wheat (14.478 MMT a year ago), 2.38 MMT of barley (3.431 MT a year ago) and 3.057 MMT of corn (3.99 MMT a year ago). The data does not include grain stored at small farms

- FranceAgriMer estimated winter wheat planting 47% done as of Oct 16, ahead of last year’s pace of 40%. Also French farmers have started durum planting with 1% seeded vs. 2% at the same time a year ago

- Argentina's Ag Min raised its wheat acreage estimate for the 2017/18 to 5.93 million hectares from 5.78 mln ha in Sept, down 6.8% from 6.36 mln ha in 2016/17. Estimate of wheat exports in 2016/17 (Dec-Nov) was upped from 11.3 to 11.5 MMT and vs. 8.54 MMT in previous season

- Informa Economics forecasts US 2018 all wheat acreage at 45.875 million acres versus 46.0 million a season ago; yield 48.2 bpa vs. 46.3, and a crop of 1.903 billion bushels vs. 1.741 billion bu. By class, HRW production was seen at 758 mln bu vs. 750 mln last season, SRW – 302 mln vs. 292, and HRS 490 mln vs. 385

- USDA attaché has further lowered its estimate for Australian wheat production to 20 MMT for 2017/18, down from USDA's official projection of 21.5 MMT, over 40% below the record harvest of 35 MMT in 2016/17

- USDA attaché estimates Vietnam’s wheat imports volume in 2016/17 at 6.1 MMT, an increase of about 500,000 MT compared to the official USDA’s number and about 3.0 MMT compared to 2015/16 imported volume, with the increase mainly due to low wheat prices. Imports in 2016/17 consisted from 2.7 MMT of milling wheat and 3.4 MMT of feed wheat. The large volume of feed wheat imported into the country is much higher than the demand for feed. The 2017/18 wheat import volume is revised down sharply from 4.8 MMT to 3 MMT due to a large carry over stock in 2016/17

- USDA attaché estimates Ukraine’s 2017/18 wheat production at 26.893 MMT, up from last year’s 26.854 MMT and above USDA's official estimate of 26.5 MMT, with exports at 16 MMT, down from 18.107 MMT in 2016/17 and below USDA's official forecast of 16.5 MMT

- USDA attaché estimates Turkey’s 2017/18 wheat production at 19.5 MMT, up 13% from 2016/17 (17.25 MMT), but less than USDA's official estimate of 21 MMT. Post forecasts 2017/18 wheat imports into Turkey at 5 MMT (4.5 MMT in 2016/17), more than USDA's official estimate of 4.5 MMT. The 2017/18 wheat exports (including wheat products, such as flour) from Turkey are forecast at 6.5 MMT, up 0.3 MMT from 2016/17

CORN

- Oct 20 - USDA announced export sales of 245,000 MT of US corn for delivery during 2017/18:

  • 120,000 MT to Spain;
  • 125,000 MT to unknown destinations

- Oct 20 - Argentina registered 503,500 MT of corn for export

- Oct 20 - China sold a total 1,951,677 MT of corn from state reserves via auctions:

  • 10,982 MT of 2012 corn, or 100% of the offered amount at average price of 1,142 RMB/mt (173 $/mt);
  • 1,940,695 MT of 2013, 2014 corn, or 51.7% of the offered amount (3,756,316 MT) at average price of 1,429 RMB/mt (216 $/mt)

- Informa Economics lowered its forecast of US 2018 corn plantings to 90.460 million acres, from 91.880 million acres previously and vs. 90.4 million acres in 2017. So they lowered its forecast of US 2018 corn crop from 14.549 to 14.314 billion bushels (14.280 in 2017) based on a yield of 172.2 bushels (171.8 bpa in 2017)

- FranceAgriMer estimated French corn condition as of Oct 16 as 81% in good to excellent, unchanged from the prior week and well above the year-ago score of 53%. French farmers harvested 56% of corn as of Oct 16 vs. 28% a week ago and 37% a year ago

- FranceAgriMer estimated winter barley planting 63% done as of Oct 16, ahead of last year’s pace of 58%

- 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 27.7% of the crop has been planted as of Oct 18, behind of last year’s pace (34.7%)

- Argentina's Ag Min expects 2017/18 corn acreage at 8.92 mln ha, up 5.2% from 8.48 mln ha in 2016/17. Forecast of corn exports in 2016/17 (Mar 2017-Feb 2018) was lowered by 1 MMT to 29 MMT vs. 21.45 MMT in previous season

- Argentina's Ag Min raised its barley acreage estimate for the 2017/18 to 863,000 hectares from 770,000 ha in September, down 11.9% from 980,000 ha in 2016/17. Estimate of barley exports in 2016/17 (Dec-Nov) was upped by 0.1 to 2.3 MMT, but down from 3.1 MMT in previous season

- Ukrainian farmers as of Oct 20 harvested 9.7 MMT of maize from 2.1 million hectares (or 47% from total area of 4.5 million ha) with yields at 4.62 mt/ha

- Ukrainian farmers as of Oct 20 have sown 672,000 hectares (73% of plan) for the 2018 barley harvest. The area under winter barley is likely to total 926,000 hectares

- Russian farmers harvested 7.34 MMT of corn from 52.8% of the planned area as of Oct 20, up from 7.31 MMT a year ago. Yields totalled 4.78 mt/ha vs. 5.52 mt/ha a year ago

- Russian farmers harvested 21.46 MMT of barley from 97.2% of the planned area as of Oct 20, up from 19.04 MMT a year ago. Yields totalled 2.79 mt/ha up from 2.35 mt/ha a year ago

- Japan's use of corn in animal feed kept at 46.6% in August, unchanged from prior month but by 0.5% point above year-ago level (46.1% in Aug 2016). Its use of wheat rose to 2% from 1.9% month ago and 1.8% year ago; while barley usage left at 3.6% (3.5% year-ago). Sorghum usage in feed rations declined to 2.1% in August (2.1% in July) from 2.5% a year ago

- USDA attaché estimates Ukraine’s 2017/18 barley production at 8.824 MMT, down from last year’s 9.938 MMT but above USDA's official estimate of 8.7 MMT, with exports at 4.2 MMT, down from 5.4 MMT in 2016/17 and below USDA's official forecast of 4.6 MMT

- USDA attaché expects Ukraine’s 2017/18 corn production at 27.2 MMT, down from last year’s 28.075 MMT but slightly above USDA's official estimate of 27 MMT, with exports at 19.6 MMT, down from 21.5 MMT in 2016/17 and below USDA's official forecast of 21.5 MMT

- USDA attaché revised Turkey’s 2017/18 barley production forecast down to 6.4 MMT vs. USDA's official estimate of 7 MMT, but up from 4.75 MMT in 2016/17. Post forecasts 2017/18 barley imports into Turkey at 250,000 MT, almost unchanged from last year, more than USDA's official estimate of 50,000 MT

- USDA attaché forecasts Japan’s 2017/18 coarse grain imports to marginally change: corn – 15.2 MMT (15.2 MMT in 2016/17); barley – 1.15 MMT (1.19 MMT) and sorghum – 460 TMT (560 TMT)

SOYBEAN

- Oct 20 - USDA announced export sales of 198,000 MT of US soybeans for delivery to China during 2017/18

- Oct 20 - Argentina registered 30,500 MT of soymeal for export

- Oct 20 - China failed to sell soybeans from state reserves; at the auction was offered 84,428 MT of 2013 soybeans

- Informa Economics raised its US 2018 soybean plantings forecast to 90.347 million acres, up from its month-ago projection of 89.057 million acres and vs. 90.2 million acres in 2017. So they upped its forecast of US 2018 soybean crop from 4.327 to 4.435 billion bushels (4.431 in 2017) based on a yield of 49.5 bushels (49.5 bpa in 2017)

- AgRural reports Brazilian farmers have planted 20% of the expected soy area so far in the 2017/18 vs. 29% year ago and vs. 19% five-year average

- USDA attaché expects that soybean imports to Vietnam will increase from 1.65 MMT in 2016/17 to 1.75 MMT in 2017/18, less than USDA’s official forecasts of 1.9 MMT for 2016/17 and 2.3 MMT for 2017/18. Also soymeal imports to Vietnam are expected to increase from 5.15 MMT in 2016/17 to 5.2 MMT in 2017/18, less than USDA’s official forecast of 5.5 MMT for 2017/18

- Surveyor Intertek Testing Services estimated Malaysia's October 1-20 palm oil exports at 951,339 MT up 11.6% from a month ago

- Surveyor SGS estimated Malaysia's October 1-20 palm oil exports at 967,707 MT up 10.2% from a month 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 44.6% of the crop has been planted as of Oct 18 vs. 42.4% this time last year

- Argentina's Ag Min expects the country to plant 1.728 million hectares of sunflower seed for the 2017/18, down 7.1% from 1.86 mln ha in 2016/17

- Ukrainian farmers as of Oct 20 harvested 10.5 MMT of sunseed from 5.4 million hectares (90% of plan) with yields of 1.95 mt/ha

- Ukrainian farmers as of Oct 20 harvested 2.8 MMT of soybeans from 1.5 million hectares (75% of plan) with yields of 1.88 mt/ha

- Ukrainian farmers have planted 838,000 hectares of winter rapeseed (108% of plan) as of Oct 20

- Ukrainian sunflower stocks were at 5.826 MMT as of Oct 1, down 0.4% from a year earlier (5.851 MMT). The data does not include grain stored at small farms

- Russian farmers harvested 6.61 MMT of sunseed from 53.1% of the planned area as of Oct 20, down from 7.71 MMT a year ago. Yields totalled 1.6 mt/ha vs. 1.62 mt/ha a year ago

- Russian farmers harvested 2.37 MMT of soybeans from 57.2% of the planned area as of Oct 20, up from 2.23 MMT a year ago. Yields totalled 1.61 mt/ha vs. 1.68 mt/ha a year ago

- Russian farmers harvested 1.51 MMT of rapeseed from 88.8% of the planned area as of Oct 20, up from 1.05 MMT a year ago. Yields totalled 1.72 mt/ha vs. 1.21 mt/ha a year ago