WHEAT

- Nov 2 - Jordan seeks 100,000 MT of optional-origin hard milling wheat

- Oct 31 - Taiwan Flour Millers' Association seeks 86,000 MT of US milling wheat for Dec-Jan shipment

- Oct 27 - Saudi Arabia’s SAGO seeks 475,000 MT of hard wheat, 12.5% protein, in 8 consignments for Dec-Jan shipment

- Oct 26 - Turkey's TMO bought 110,000 MT of red milling wheat (11x10 TMT):

  • 30,000 MT from ADM at 877 Turkish lira/mt (229 $/mt) c&f Izmir;
  • 60,000 MT from Angoram at 866 TRY/mt (226 $/mt) c&f Mersin;
  • 20,000 MT from Angoram at 877 TRY/mt (229 $/mt) c&f Iskenderun

- Oct 25 - Algeria's OAIC bought 250,000-300,000 MT of optional-origin durum wheat (mostly from Canada and Mexico) at around 290-294 $/mt c&f for Dec shipment

- Oct 25 - Jordan bought 50,000 MT of optional-origin hard milling wheat from CHS at 229 $/mt c&f for Feb 16-28 shipment

- Ethiopia is still considering offers in tender for 400,000 MT of optional-origin wheat for Feb shipment. The lowest offer was 299.06 $/mt c&f for 200 TMT, followed by 299.80 $/mt c&f and 301.90 $/mt c&f for 100 TMT

- Vietnam millers bought 30,000 MT of Australian Premium White (APW) wheat at 252 $/mt c&f for December arrival

- Oct 26 - China sold 65,943 MT of 2012 wheat from state reserves or 8.5% of the offered amount (779,246 MT) at auction at average price of 2,340 RMB/mt (353 $/mt)

- Weekly US wheat export sales data for week ended Oct 19 totalled 390,600 MT, incl. 360,600 for 2017/18 (within trade expectations of 300-500 TMT). Export commitments for 2017/18 are running 6% behind of year-ago

- Argentina shipped a total of 90,200 MT of wheat in three consignments to Algeria

- Brazil's agriculture ministry is seeking approval to import 750,000 MT of wheat duty-free. The duty-free quota, if approved by the foreign trade chamber Camex, would allow wheat from all origins. Brazil is expected to produce only 4.88 MMT of wheat, 27% less than last year. Local consumption is seen by the government at 11.3 MMT

- According to TAXUD, the EU this season in period of July 1-Oct 24, 2017/18 exported 6.519 MMT of soft wheat compared to 8.503 MMT a year ago

- Ukraine's Ag Min said Ukraine exported 12.92 MMT of grain between July 1-Oct 25, 2017/18 vs. 13 MMT for the same period last season, including:

  • wheat – 7.9 MMT (vs. 8 MMT a year ago);
  • corn – 1.544 MMT (1.406 MMT);
  • barley – 3.432 MMT (3.584 MMT)

- Ukrainian farmers as of Oct 25 have sown 5.8 million hectares (94% of plan) for the 2018 wheat harvest, up from 5.4 mln ha at the same date a year earlier

- Bulgaria's Ag Min said Bulgaria exported 1.225 MMT of wheat via port Varna between July 3-Oct 22, 2017/18, up 44.6% from a year-ago (847,350 MT)

- South Africa's Crop Estimates Committee (CEC) raised its wheat production forecast this year to 1.655 MMT from 1.717 MMT last month, down 13.3% from the previous season’s crop of 1,91 MMT

- International Grains Council (IGC) raised its forecast for world wheat production in 2017/18 to 748.5 MMT (754.1 MMT in 2016/17), up by 0.9 MMT from the previous forecast. Forecast of global wheat ending stocks upped by 1.4 MMT to 249.2 MMT (241.7 MMT in 2016/17)

- USDA attaché lowered its estimate of Kazakhstan’s 2017/18 wheat production to 13.5 MMT, 500 TMT less than USDA's official projection (14 MMT) and down from 14.985 MMT in 2016/17. Kazakh wheat exports in 2017/18 are expected at 7.5 MMT, up from last year’s level of 6.8 MMT

CORN

- Oct 26 - Taiwan's MFIG bought 65,000 MT of Argentine corn at a premium of 117.7 USc/bushel c&f over the Chicago March 2018 contract (around 189.8 USD/mt, c&f) for Jan 1-20 shipment

- Oct 26 - Argentina registered 155,555 MT of corn for export

- Oct 26 - Argentina registered 21,500 MT of malt for export

- Oct 25 - Argentina registered 485,774 MT of corn for export

- Oct 25 - Argentina registered 22,000 MT of malting barley for export

- Oct 26 - China sold a total 506,342 MT of corn from state reserves via auctions:

  • 67,382 MT of 2013 corn, or 94.5% of the offered amount (71,332 MT) at average price of 1,401 RMB/mt (211 $/mt);
  • 438,960 MT of 2014 corn, or 47.9% of the offered amount (916,907 MT) at average price of 1,410 RMB/mt (213 $/mt)

- Weekly US corn export sales data for week ended Oct 19 of 1,385,100 MT, incl. 1,288,300 MT for 2017/18 (topped trade expectations of 800-1200 TMT). Export commitments for 2017/18 are running 30% behind of year-ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 4.525 MMT of corn (maize) vs. 2.57 MMT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 exported 247,522 MT of corn vs. 743,621 MT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 exported 1.543 MMT of barley vs. 1.479 MMT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 exported 869,450 MT of malt in barley equivalent vs. 981,765 MT a year ago

- Farmers in Bulgaria harvested 2.138 MMT of corn from 88% of the planned area as of Oct 19, up 8.4% from last-year stage. Yields totals 5.81 mt/ha, 9.2% higher than a year-ago

- Ukrainian farmers as of Oct 25 harvested 11.7 MMT of maize from 2.5 million hectares (or 55% from total area of 4.5 million ha) with yields at 4.74 mt/ha (5.83 mt/ha in 2016)

- Ukrainian farmers as of Oct 25 have sown 744,000 hectares (80% of plan) for the 2018 barley harvest, up vs. 592,000 ha at the same date a year earlier

- SAGIS estimated South Africa's corn stocks as of September 30 were at 10.074 MMT vs. 10.787 MMT a month ago and 5.008 MMT a year ago

- South Africa's Crop Estimates Committee (CEC) expects that commercial producers intend to plant 2.47 mln ha of maize for 2017, which is 6% or 158,200 ha less than the 2.629 mln ha planted last season, but above average market expectations of 2.176 mln ha

- SAGIS estimated S. Africa's September corn exports at 147,599 MT. May-Sept exports rose 254.1% on year to 1.393 MMT

- SAGIS said that S. Africa didn’t import any corn in May-Sept 2017 compared to the 1.007 MMT imported in May-Sept 2016

- CEC raised its forecast of S. Africa’s 2017 malting barley to 280,059 MT from 268,309 MT last month (355,000 MT in 2016)

- IGC raised its forecast for the global corn crop in 2017/18 by 5.2 MMT to 1.034 billion tonnes (1.08 BMT in 2016/17), mostly reflecting higher forecast for the US. IGC cut its forecast for 2017/18 global corn carryover by 5.6 MMT from September to 202.6 MMT (235 MMT in 2016/17)

- US Ethanol production for the week ended Oct 20 rose by 20,000 barrels to 1,039,000 barrels per day, up 4.8% from last year's level of 991,000 bpd. Stocks fell by 446,000 barrels from the week prior to 21.034 million barrels, up 5.6% vs. 19.919 million barrels a year ago

SOYBEAN

- Oct 25 - South Korea’s KFA (Korea Feed Association) bought 60,000 MT of South American soymeal for Jan-Feb shipment

- Oct 24-25 - Three South Korean buyers purchased a total of about 180,000 MT of South American soymeal in separate deals:

  • Nonghyup Feed Inc. (NOFI) bought 60,000 MT at 365.20 $/mt c&f including a surcharge for additional port unloading for April 15, 2018 arrival;
  • Major Feedmill Group (MFG) purchased 60,000 MT at 363.95 $/mt c&f including a surcharge for additional port unloading for March 10, 2018 arrival;
  • Feed Leaders Committee (FLC) bought 60,000 MT at 364.50 $/mt c&f including a surcharge for additional port unloading for March 20, 2018 arrival

- Oct 26 - Argentina registered for export 13,424 MT of soybean oil and 271,635 MT of soymeal

- Oct 25 - Argentina registered 7,840 MT of sunflower oil for export

- Weekly US soybeans export sales data for week ended Oct 19 of 2,130,300 MT, incl. 2,129,300 MT for 2017/18 (well above expectations of 1.2-1.6 MMT). Export commitments for 2017/18 are running 15% behind of year-ago

- IGC trimmed its forecast for 2017/18 global soybean production by 0.5 MMT to 347.9 MMT (350.0 MMT in 2016/17). IGC lowered global 2017/18 soybean carryover to 38.6 MMT (43.3 MMT in 2016/17), down by 3.4 MMT from prior month

- Farmers in Bulgaria harvested 1.836 MMT of sunseed from 99.4% of the planned area as of Oct 19, up 9.3% from last-year stage, with yields at 2.28 mt/ha, 1.8% higher than a year-ago

- Ukrainian farmers as of Oct 25 harvested 10.8 MMT of sunseed from 5.5 million hectares (93% of plan) with yields of 1.96 mt/ha (2.19 mt/ha in 2016)

- Ukrainian farmers as of Oct 25 harvested 3.0 MMT of soybeans from 1.6 million hectares (81% of plan) with yields of 1.87 mt/ha (2.17 mt/ha in 2016)

- Ukrainian farmers have completed winter rape sowing at 844,000 hectares as of Oct 25, versus 782,000 ha at the same date in 2016

- CEC expects sunflower seed plantings at 665,500 ha, which is 4.7% more than last year's acreage

- CEC expects soybeans plantings at 720,000 ha, which is 25.4% more than last year's acreage

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 3.468 MMT of soybeans vs. 4.279 MMT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 6.046 MMT of soymeal vs. 5.524 MMT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 84,934 MT of soybean oil vs. 85,813 MT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 1.208 MMT of rapeseed vs. 690,968 MT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 58,627 MT of rapeseed meal vs. 76,254 MT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 69,995 MT of rapeseed oil vs. 68,740 MT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 131,032 MT of sunflowerseed vs. 247,417 MT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 842,469 MT of sunflower meal vs. 751,904 MT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 493,957 MT of sunflower oil vs. 335,573 MMT a year ago

- EU this season in period of Jul 1-Oct 24, 2017/18 imported 1.966 MMT of palm oil vs. 1.895 MMT a year ago

- India's edible oil imports are likely to rise to 15.90 MMT in the 12 months through October 2018, up from an estimated 15.14 MMT shipped this marketing year