WHEAT

- Nov 8 - CCC seeks 30,000 MT of HRW for donation to Ethiopia

- Nov 3 - USDA announced export sales of 300,000 MT of US hard red winter wheat for delivery to Iraq during 2017/18

- Iraq has purchased US hard red winter wheat in a direct deal from Cargill and ADM. The officials would not confirm the quantity of wheat purchased but traders said that Cargill sold a total of 300,000 MT while ADM sold 150,000 MT

- Nov 2 - Japan bought 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

- Nov 3 - Argentina registered 35,330 MT of wheat for export

- Nov 2 - Argentina registered 47,815 MT of wheat for export

- Nov 2 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin hard milling wheat and may retender on Nov 9

- Nov 2 - China sold 86,162 MT of 2012 wheat from state reserves or 12.1% of the offered amount (713,303 MT) at auction at average price of 2,361 RMB/mt (358 $/mt)

- Egypt’s Ag Min issued a new streamlined guide on which wheat shipments should be accepted or rejected. Included in the guidelines is a provision telling inspectors to accept wheat shipments that contain non-drug-producing poppy seeds

- Pakistani government may approve 2 MMT wheat export after surplus reached 9 MMT

- Weekly US wheat export sales data for week ended Oct 26 totalled 347,800 MT for 2017/18 (within trade expectations of 250-450 TMT). Export commitments for 2017/18 are running 5% behind of year-ago

- Russian farmers harvested 87.95 MMT of wheat from 99% of the planned area as of Nov 3, up from 75.81 MMT a year ago. Yields totalled 3.22 mt/ha up from 2.79 mt/ha a year ago

- Russian farmers have planted 16.72 million hectares (96.1% of the planned area) of winter crops as of Nov 3, down vs. 17.04 mln ha a year ago

- According to TAXUD, the EU this season in period of July 1-Oct 31, 2017/18 exported 6.606 MMT of soft wheat compared to 8.829 MMT a year ago

- FranceAgriMer estimated winter wheat planting 79% done as of Oct 30, ahead of last year’s pace of 75%. Also French farmers have planted 17% of durum as of Oct 30 vs. 18% at the same time a year ago

- Bulgaria's Ag Min said Bulgaria exported 1.273 MMT of wheat via port Varna between July 3-Oct 29, 2017/18, up 45.5% from a year-ago (874,850 MT)

- Bulgarian farmers as of Oct 26 have sown 824,827 hectares for the 2018 wheat harvest, up 23.5% from 667,689 ha at the same date a year earlier

- USDA attaché forecasts Russia’s 2017/18 wheat production at 83 MMT (72.53 MMT in 2016/17), 1 MMT more than USDA's official estimate, and exports at 33.5 MMT (27.8 MMT in 2016/17), 1 MMT higher than USDA's official projection

- USDA attaché in South Africa forecasts wheat production at 1.655 MMT in 2017/18, 65,000 MT less than USDA's official estimate and down 13.4% from 1.91 MMT in 2016/17. As a result, South Africa will have to import about 1.9 MMT of wheat (1.04 MMT in 2016/17)

- USDA attaché forecasts India’s 2017/18 wheat imports at 3 MMT (5.896 MMT in 2016/17), 500,000 MT less USDA's official estimate

- FAO raised its forecast of global wheat production in 2017 to 752.8 MMT from 750.1 MMT projected in Oct, indicating a 1.0% (7.4 MMT) decline from the 2016 record level. The upturn is mainly on account of upward revisions for the Russia and Ukraine. Global wheat stocks (ending in 2018) lowered by 3 MMT from last month but still a record of 258.2 MMT and well above their opening levels (245.2 MMT)

- Argentina's Ag Min expects 2017/18 wheat production at 18 MMT

- Buenos Aires Grain Exchange forecasts Argentine 2017/18 wheat crop at 17 MMT, up 1.2% from 2016/17 crop (16.8 MMT). Harvesting of Argentine wheat crop was 3.5% completed as of Nov 1, behind of last year’s pace of 4.8%

CORN

- Nov 8 - Jordan seeks 100,000 MT of optional-origin feed barley for March-April shipment

- Nov 3 - USDA announced export sales of 237,400 MT of US corn for delivery during 2017/18:

  • 102,400 MT to Mexico;
  • 135,000 MT to South Korea

- Nov 3 - USDA announced export sales of 251,000 MT of US grain sorghum for delivery to unknown destinations during 2017/18

- Nov 3 - Argentina registered 100,000 MT of corn for export

- Nov 2 - USDA announced export sales of 1,356,360 MT of US corn for delivery to Mexico during 2017/18 (845,820 MT) and 2018/19 (510,540 MT)

- Nov 2 - South Korea’s FLC and MFG purchased combined 138,000 MT of optional-origin corn to be sourced from either the US or South America in private deal. The corn was purchased in two 69,000 MT consignments at 185.26 $/mt c&f for March 10, 2018 arrival

- Weekly US corn export sales data for week ended Oct 26 of 901,400 MT, incl. 811,400 MT for 2017/18 (at the lower end of trade expectations of 800-1100 TMT). Export commitments for 2017/18 are running 31% behind of year-ago

- Informa Economics raised its US 2017 corn production estimate to 14.41 billion bushels from 14.182 billion in October. Informa also upped its corn yield estimate to 173.4 bushels per acre from its October figure of 170.5 bpa

- FCStone raised its forecast of the US 2017 corn yield to 173.7 bushels per acre, from 169.2 in its previous report. The production forecast was lifted from 14.129 to 14.434 bln bushels

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 4.808 MMT of corn (maize) vs. 2.799 MMT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 exported 285,963 MT of corn vs. 828,228 MT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 exported 1.675 MMT of barley vs. 1.543 MMT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 exported 942,995 MT of malt in barley equivalent vs. 1.016 MMT a year ago

- Bulgaria's Ag Min said Bulgaria exported 217,473 MT of corn via port Varna between Sept 4-Oct 29, 2017/18, up 127.1% from a year-ago (95,778 MT)

- Farmers in Bulgaria harvested 2.225 MMT of corn from 91.2% of the planned area as of Oct 26, up 8.3% from last-year stage. Yields totals 5.84 mt/ha, 10.6% higher than a year-ago

- FranceAgriMer estimated French corn condition as of Oct 30 as 81% in good to excellent, unchanged from the prior week and well above the year-ago score of 53%. French farmers harvested 89% of corn as of Oct 30 vs. 76% a week ago and 76% a year ago

- FranceAgriMer estimated winter barley planting 89% done as of Oct 30, ahead of last year’s pace of 86%

- Russian farmers harvested 8.85 MMT of corn from 62.5% of the planned area as of Nov 3, down from 10.08 MMT a year ago. Yields totalled 4.89 mt/ha vs. 5.61 mt/ha a year ago

- Russian farmers harvested 21.68 MMT of barley from 97.5% of the planned area as of Nov 3, up from 19.06 MMT a year ago. Yields totalled 2.81 mt/ha up from 2.35 mt/ha a year ago

- Ukrainian farmers as of Nov 3 harvested 14.4 MMT of maize from 2.9 million hectares (or 65% from total area of 4.5 million ha) vs. 16.6 MMT from 66% at the same date in 2016

- USDA attaché forecasts Russia’s 2017/18 wheat exports at 5.7 MMT (2.95 MMT in 2016/17), 1.2 MMT more than USDA's official estimate

- USDA attaché forecasts Russia’s 2017/18 corn production at 13.8 MMT (15.31 MMT in 2016/17), 1.5 MMT less than USDA's official estimate, and exports at 4.2 MMT (5.5 MMT in 2016/17), 1.3 MMT lower than USDA's official projection

- USDA attaché in South Africa forecasts corn production at 12 MMT in 2017/18, 500,000 MT less than USDA's official estimate, and down from 17.475 MMT in 2016/17. South African corn exports in 2017/18 are expected at 2 MMT (2.5 MMT in 2016/17), 300,000 MT more than USDA's official projection

- FAO trimmed its forecast of global corn production in 2017 to a record 1,063.6 MMT from 1,064.5 MMT projected in Oct, indicating a 2.2% (22.9 MMT) growth from 2016. Forecast of global corn stocks (ending in 2018) raised by 0.1 MMT to a record of 236.7 MMT (236.2 MMT in 2016/17)

- Argentina's Ag Min expects 2017/18 corn production at a record 51 MMT

- 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 33.9% of the crop has been planted as of Nov 1, behind of last year’s pace (38.7%)

SOYBEAN

- Nov 3 - Argentina registered for export 18,000 MT of soybean oil, 80,000 MT of soymeal and 13,000 MT of sunseed meal

- Weekly US soybeans export sales data for week ended Oct 26 of 1,982,200 MT, incl. 1,967,000 MT for 2017/18 (topped expectations of 1.45-1.85 MMT). Export commitments for 2017/18 are running 16% behind of year-ago

- USDA attaché forecasts that China would likely to import a record 95 MMT of soybeans in 2017/18, up 1.5 MMT from 2016/17. The post expects Chinese soybean production to climb 1.5 MMT from 2016/17 to 14.4 MMT in 2017/18

- Informa Economics trimmed its 2017 US soybean yield estimate to 49.7 bpa from 50.0 bpa previously, and trimmed production estimate to 4.447 billion bushels from 4.474 billion bushels previously

- Informa Economics estimated Argentina’s 2017/18 soybean production at 55.0 MMT and Brazil’s at 111.0 MMT

- FCStone kept its forecast of the US 2017 soybean yield at 49.9 bpa, unchanged from previous estimate. The production forecast was upped from 4.424 to 4.467 bln bushels

- FCStone forecasted the Brazilian 2017/18 soybean production at 106.07 MMT, down from its earlier estimate of 106.73 MMT

- AgRural reports Brazilian farmers have planted 43% of the expected soy area so far in the 2017/18 vs. 53% year ago and vs. 44% five-year average

- Argentina's Ag Min expects 2017/18 soybean production at 53 MMT

- Buenos Aires Grain Exchange expects Argentina’s 2017/18 soybean acreage at 18.1 mln ha, down 5.7% from the previous crop year. About 7.2% of the crop has been planted as of Nov 1 vs. 5% this time last year

- 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 60% of the crop has been planted as of Nov 1 vs. 58.4% this time last year

- FAO’s soybean 2017/18 global production forecast virtually unchanged at 346.3 MMT (348.7 MMT in 2016), with upward adjustments in Canada, China and the EU offsetting downward revisions for Brazil and India. Forecast of 2017/18 global soybean stocks revised upward to 49.1 MMT from 48.7 MMT in October and vs. 51.3 MMT in 2016/17

- Bulgaria's Ag Min said Bulgaria exported 84,272 MT of sunflower via port Varna between Sept 4-Oct 29, 2017/18, up 63.6% from a year-ago (51,509 MT)

- Farmers in Bulgaria harvested 1.839 MMT of sunseed from 99.6% of the planned area as of Oct 26, up 9% from last-year stage, with yields at 2.28 mt/ha, 1.8% higher than a year-ago

- Russian farmers harvested 8.23 MMT of sunseed from 68.2% of the planned area as of Nov 3, down from 9.94 MMT a year ago. Yields totalled 1.55 mt/ha vs. 1.58 mt/ha a year ago

- Russian farmers harvested 3.23 MMT of soybeans from 82.1% of the planned area as of Nov 3, up from 2.98 MMT a year ago. Yields totalled 1.53 mt/ha vs. 1.56 mt/ha a year ago

- Russian farmers harvested 1.56 MMT of rapeseed from 90.9% of the planned area as of Nov 3, up from 1.07 MMT a year ago. Yields totalled 1.74 mt/ha vs. 1.21 mt/ha a year ago

- Ukrainian farmers as of Nov 3 harvested 11.2 MMT of sunflower from 5.7 million (96% of plan) vs. 12.5 MMT from 95% at the same date in 2016

- Ukrainian farmers as of Nov 3 harvested 3.3 MMT of soybean from 1.7 million (87% of plan) vs. 3.6 MMT from 89% at the same date in 2016

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 3.681 MMT of soybeans vs. 4.345 MMT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 6.276 MMT of soymeal vs. 5.859 MMT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 87,422 MT of soybean oil vs. 89,898 MT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 1.274 MMT of rapeseed vs. 762,633 MT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 61,724 MT of rapeseed meal vs. 83,390 MT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 75,926 MT of rapeseed oil vs. 72,523 MT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 140,080 MT of sunflowerseed vs. 262,763 MT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 899,390 MT of sunflower meal vs. 805,798 MT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 548,073 MT of sunflower oil vs. 340,176 MMT a year ago

- EU this season in period of Jul 1-Oct 31, 2017/18 imported 2.045 MMT of palm oil vs. 2.034 MMT a year ago