WHEAT

- Nov 2 - Japan seeks 144,585 MT of food wheat for Dec-Feb shipments:

  • 18,430 MT of western white US wheat;
  • 28,475 MT of hard red winter US wheat;
  • 6,278 MT of dark northern spring US wheat;
  • 65,964 MT of Canadian western red spring wheat;
  • 25,438 MT of Australian standard white wheat

- Ethiopia has increased the volume for its next international optional-origin wheat tender on Nov 28 to 400,000 MT from 200,000 MT previously announced. The tender is for early 2018 delivery

- Oct 30 - Argentina registered 162,224 MT of wheat for export

- Oct 27 - Saudi Arabia's SAGO (Saudi Grains Organisation) bought 484,000 MT of hard wheat (12.5% protein) of EU, North and South American and Australian origin at an average price of 223.85 $/mt c&f in 8 consignments for Dec-Jan shipment to the ports of Jeddah (306 TMT), Dammam (123 TMT) and Jizan (55 TMT):

  • Jeddah Sea Port:
    • 60,000 MT of hard wheat from Cargill at 221.51 $/mt c&f (Dec 10-20, 2017);
    • 63,000 MT of hard wheat from Holbud Limited at 221.67 $/mt c&f (Dec 20-30, 2017);
    • 63,000 MT of hard wheat from Holbud Limited at 222.38 $/mt c&f (Jan 1-10, 2018);
    • 60,000 MT of hard wheat from Louis Dreyfus at 221.54 $/mt c&f (Jan 10-20, 2018);
    • 60,000 MT of hard wheat from Union Invivo at 222.50 $/mt c&f (Jan 20-30, 2018).
  • Dammam Sea Port:
    • 63,000 MT of hard wheat from Holbud Limited at 229.58 $/mt c&f (Dec 20-30, 2017);
    • 60,000 MT of hard wheat from Baywa at 228.00 $/mt c&f (Jan 10-20, 2018).
  • Jizan Sea Port:
    • 55,000 MT of hard wheat from Union Invivo at 223.50 $/mt c&f (Jan 10-20, 2018)

- Oct 29 - India sent its first consignment of wheat to Afghanistan through the Chabahar port in Iran, seen as a "landmark" move to operationalise the new strategic transit route, bypassing Pakistan

- Oct 31 - China sold 66,449 MT of wheat from state reserves or 3.3% of the offered amount (1,999,173 MT) at auction at average price of 2,501 RMB/mt (377 $/mt)

- Oct 31 - China auctioned 4,707 MT of imported wheat from state reserves, or 3.4% of the offered amount (137,115 MT) at average price of 2,550 RMB/mt (384 $/mt)

- US wheat export inspections for week, ending Oct 26, recorded 315,317 MT, at the low end of trade expectations for 300,000-500,000 MT. Inspections for 2017/18 are running 4.5% behind of year-ago

- USDA said the US winter wheat crop 84% planted as of Oct 29, behind of analysts’ expectations (85%) and below last-year's (85%) and 5-year average (87%). USDA rated 52% of the US wheat crop in good to excellent condition, well behind market forecasts of 59% and below last-year's (58%)

- USDA attaché forecasts Argentina’s 2017/18 wheat production at 16.8 MMT (18.4 MMT in 2016/17), 700,000 MT lower than USDA's official estimate, and exports at 10.8 MMT (13 MMT in 2016/17), 700,000 MT lower than USDA's official projection

- USDA attaché forecasts Nigeria’s 2017/18 wheat imports at 5 MMT, up from 4.972 MMT in 2016/17

- USDA attaché forecasts Jordan’s 2017/18 wheat imports at 1.1 MMT (927,000 MT in 2016/17), 200,000 MT less USDA's official estimate. The Black Sea region, primarily Romania will remain Jordan’s main wheat supplier

- Kazakh farmers harvested 22.09 MMT of all grains from 100% of the planned area as of Oct 30, up from 21.506 MMT (from 92.7%) a year ago. Yields totalled 1.44 mt/ha down from 1.52 mt/ha a year ago

CORN

- Oct 30 - Malawi President Peter Mutharika lifted a two-year ban on maize exports. Malawi's maize production is estimated at 3.2 MMT in 2017 versus 2.4 MMT a year earlier

- US corn export inspections for week, ending Oct 26, reported 517,679 MT, below market expectations (600-800 TMT). Inspections for 2017/18 are running 45.2% behind of year-ago

- USDA rated 66% of the US corn crop in good-to-excellent condition as of Oct 29, unchanged from the previous week, matching market expectation but down compared to 74% a year-ago. USDA estimated 54% of the US corn crop had been harvested, ahead of analyst forecasts of 53%, but well below last year’s pace (73%) and 5-year mean of 72%

- USDA attaché forecasts Argentina’s 2017/18 corn production at 40 MMT (41 MMT in 2016/17), 2 MMT lower than USDA's official estimate

- USDA attaché forecasts Jordan’s 2017/18 corn imports at 600,000 MT (680,000 MT in 2016/17), 400,000 MT less USDA's official estimate. Argentina and Brazil currently supply 90% of all imports; the US comes in third with a market share of about 7%. Nonetheless US-origin corn imports may grow, reaching in 2017/18 about 150,000 MMT

- USDA attaché forecasts Jordan’s 2017/18 barley imports at 800,000 MT (669,000 MT in 2016/17), 100,000 MT more than USDA's official estimate. The Black Sea region, primarily Romania remains Jordan’s main barley supplier, followed by Russia and Ukraine

SOYBEAN

- Korea’s NOFI bought 12,000 MT of Indian rapeseed meal at 249.85 $/mt c&f, 12,000 MT of palm kernel expeller pellets at 144 $/mt c&f, and 6,000 MT of copra meal for Dec-Jan shipment

- US soybean export inspections for week, ending Oct 26, reported 2,505,988 MT, topping a range of trade estimates (2-2.5 MMT). Inspections for the 2017/18 marketing year are running 9.5% behind of year-ago

- USDA estimated 83% of the US soybean crop was harvested as of Oct 29, matching analysts' forecasts, but slightly below last year’s pace (85%) and 5-year mean of 84%

- Surveyor Intertek Testing Services estimated Malaysia's October 1-31 palm oil exports at 1,406,706 MT up 2.5% from a month ago

- Surveyor SGS estimated Malaysia's October 1-31 palm oil exports at 1,416,664 MT up 2.3% from a month ago

- Strategie Grains trimmed its 2017 EU rapeseed crop estimate to 21.86 MMT from 21.89 MMT previously, up 7.5% from the 2016 harvest (20.34 MMT)

- Strategie Grains estimated the EU rapeseed area for the 2018/19 harvest season at 6.71 million hectares, up from 6.64 million in its initial forecast a month ago and close to an estimated 6.74 million in 2017/18

- Strategie Grains raised its 2017 EU sunflower crop forecast to 8.96 MMT from 8.75 MMT previously, up 6.7% from the 2016 harvest (8.4 MMT)

- Strategie Grains raised its forecast for the EU's 2018 sunflower seed sowings to 4.17 million hectares from 4.1 million seen in September and vs. 4.22 million ha sown in 2017

- Strategie Grains upped its 2017 EU soybean crop forecast to 2.63 MMT from 2.6 MMT last month, up 5.6% from the 2016 harvest (2.49 MMT)

- Strategie Grains forecasted the EU's 2018 soybean area at 990,000 hectares, down from 1 million ha in September but still 1% higher than 2017/18