WHEAT

- Nov 16 - Egypt's GASC bought 240,000 MT of wheat from Russia for January 1-10 shipment:

  • 60,000 MT of Russian wheat from GTCS at 208.60 $/mt c&f (194.65 fob+13.95 freight);
  • 60,000 MT of Russian wheat from GTCS at 209.45 $/mt c&f (194.65 fob+14.80 freight);
  • 60,000 MT of Russian wheat from Daewoo at 209.45 $/mt c&f (194.65 fob+14.80 freight);
  • 60,000 MT of Russian wheat from Garant Logistics at 209.45 $/mt c&f (194.65 fob+14.80 freight)

- Nov 16 - Japan bought 125,611 MT of food wheat for Dec-Jan shipments:

  • 8,650 MT of western white US wheat;
  • 25,505 MT of hard red winter US wheat;
  • 31,375 MT of dark northern spring US wheat;
  • 35,181 MT of Canadian western red spring wheat;
  • 24,900 MT of Australian standard white wheat

- Nov 16 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin milling wheat for March-April shipment

- Nov 16 - China sold 60,817 MT of 2012 wheat from state reserves or 10.5% of the offered amount (577,804 MT) at auction at average price of 2,380 RMB/mt (359 $/mt)

- Nov 17 - Argentina registered 130,701 MT of wheat for export

- Nov 16 - Argentina registered 64,512 MT of wheat for export

- Nov 15 - Argentina registered 61,261 MT of wheat for export

- Russia’s Ag Min said Russia exported about 19.118 MMT of grain between July 1-Nov 15, 2017/18, up by 29.5% from 14.766 MMT a year ago, including:

  • wheat – 14.773 MMT (11.693 MMT in 2016/17);
  • barley – 2.777 MMT (1.546 MMT);
  • corn – 1.444 MMT (1.454 MMT);
  • others – 124 TMT (73 TMT)

- Russia has 3,967,600 MT of grain in its federal intervention fund as of Nov 17 vs. 3,622,100 MT a year-ago

- Russian farmers harvested 88.01 MMT of wheat from 99.1% of the planned area as of Nov 16, up from 75.83 MMT a year ago. Yields totalled 3.22 mt/ha up from 2.79 mt/ha a year ago

- Russian farmers have planted 17.06 million hectares (98% of the planned area) of winter crops as of Nov 16, down vs. 17.32 mln ha a year ago

- Weekly US wheat export sales data for week ended Nov 9 totalled 519,300 MT, incl. 489,300 MT for 2017/18 (within trade expectations of 350-550 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-Nov 14, 2017/18 exported 7.51 MMT of soft wheat compared to 9.699 MMT a year ago

- Informa Economics trimmed its estimate for 2018 US all wheat plantings to 45.625 million acres from 45.875 million acres previously and versus 46.0 million a season ago

- Strategie Grains cut its monthly estimate for the EU's area sown with soft wheat for the 2018 crop to 23.5 million hectares, compared with the 23.8 million estimated last month and 23.7 million sown ahead of the 2017 harvest

- FranceAgriMer estimated winter wheat planting 95% done as of Nov 13, ahead of last year’s pace of 94%; crop condition is estimated as 97% in good to excellent, unchanged from the prior week and above the year-ago score of 95%. Also French farmers have planted 65% of durum as of Nov 13 vs. 67% at the same time a year ago

- FranceAgriMer lowered its estimate of French soft wheat production in 2017/18 to 37.51 MMT from 37.937 MMT previously, up from 27.56 MMT in 2016/17. FranceAgriMer upped its forecast for French soft wheat stocks at the end of the 2017/18 to 3.325 MMT from 3.18 MMT projected last month (2.944 MMT in 2016/17). Projected exports outside the EU were lowered from 10.2 to 9.9 MMT, but up 99.2% from 4.971 MMT in 2016/17, while forecast of shipments within the EU was upped from 8.052 to 8.102 MMT, up 29.4% from 6.259 MMT in 2016/17

- Bulgaria's July-August 2017 wheat exports are estimated at 1.661 MMT, up 17.3% from year-ago

- Bulgaria's Ag Min said Bulgaria exported 1.329 MMT of wheat via port Varna between July 3-Nov 12, 2017/18, up 42.8% from a year-ago (931,131 MT)

- Bulgarian farmers as of Nov 9 have sown 1.009 million hectares for the 2018 wheat harvest, up 12% from 901,177 ha at the same date a year earlier

- UK exported 75,284 MT of wheat in September, above than 55,618 MT in August but down 70.2% from a year-ago. Cumulative exports for the season, which started on July 1, 2017, totalled 147,161 MT vs. 676,307 MT during the same period prior season

- UK imported 128,168 MT of wheat in September, slightly below than 135,397 MT in August and down 17.2% from a year-ago. Britain’s Jul-Sept wheat imports totalled 419,093 MT slightly down from 428,455 MT a year ago

- 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 12.5% completed as of Nov 15, ahead of last year’s pace of 12.1%

- Nov 24 - Turkey's TMO seeks 50,400 MT of rise

- Iraq has purchased 90,000 MT of US rice in a direct deal from ADM at 648 $/mt for November 2017-February 2018 shipment

CORN

- Nov 15 - South Korea's Nonghyup Feed Inc. (NOFI) bought 68,000 MT of optional-origin corn from CHS at 187.78 $/mt c&f+1.00 $/mt surcharge for additional port unloading for Mar 20, 2018 arrival

- Nov 15 - South Korea’s Major Feedmill Group (MFG) bought 70,000 MT of optional-origin corn at 186.95 $/mt c&f for Mar arrival

- Nov 15 - Jordan has made no purchase in an international tender for 100,000 MT of optional-origin feed barley for March-April shipment and may retender on Nov 28

- Nov 17 - Argentina registered 285,040 MT of corn for export

- Nov 16 - Argentina registered for export 12,000 MT of corn and 15,000 MT of malting barley

- Weekly US corn export sales data for week ended Nov 9 of 954,500 MT, incl. 949,500 MT for 2017/18 (below trade expectations of 1.2-1.7 MMT). Export commitments for 2017/18 are running 26% behind of year-ago

- Informa Economics raised its forecast of US 2018 corn plantings to 91.415 million acres, from 90.460 million acres previously and vs. 90.4 million acres in 2017

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 5.241 MMT of corn (maize) vs. 3.165 MMT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 exported 319,036 MT of corn vs. 971,796 MT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 exported 1.858 MMT of barley vs. 1.706 MMT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 exported 1.043 MMT of malt in barley equivalent vs. 1.115 MMT a year ago

- Strategie Grains kept its EU’s 2018/19 barley area estimate nearly unchanged at 12.4 million hectares, up 2% from last year's 12.1 million ha

- Strategie Grains kept its EU’s 2018/19 corn area forecast unchanged at 8.5 million hectares, down from last year's 8.7 million ha

- FranceAgriMer estimated French corn condition as of Nov 13 as 81% in good to excellent, unchanged from the prior week and well above the year-ago score of 53%. French farmers harvested 99% of corn as of Nov 13 vs. 97% a week ago and 94% a year ago

- FranceAgriMer estimated winter barley planting 99% done as of Nov 13, ahead of last year’s pace of 98%; crop condition is estimated as 97% in good to excellent, unchanged from the prior week and above the year-ago score of 92%

- FranceAgriMer upped its estimate of France's 2017/18 corn crop to 12.698 MMT from 12.576 MMT previously and vs. 10.435 MMT last year. FranceAgriMer raised its forecast for French corn stocks at the end of the 2017/18 to 2.704 MMT from 2.351 MMT in Oct, up vs. 1.95 MMT in 2016/17. France's 2017/18 corn exports are forecasted at 5.178 MMT (5.298 MMT – previous forecast) vs. 4.691 MMT a year ago

- FranceAgriMer cut its forecast of France's 2017/18 barley ending stocks to 944,000 MT from 997,000 MT in Oct and against 1.072 MMT in 2016/17. France's 2017/18 barley exports (without malt) is expected at 6.78 MMT (6.615 MMT – previous forecast) up 28.4% from 5.281 MMT a year ago

- Germany's association of farm cooperatives raised its forecast of country’s 2017 corn crop to 4.37 MMT from 4.3 MMT in August, a 9% increase from last year

- Farmers in Bulgaria harvested 2.282 MMT of corn from 93.8% of the planned area as of Nov 9, up 6% from last-year stage. Yields totals 5.82 mt/ha, 10.4% higher than a year-ago

- Bulgaria's Ag Min said Bulgaria exported 261,473 MT of corn via port Varna between Sept 4-Nov 12, 2017/18, up 112.1% from a year-ago (123,278 MT)

- Bulgaria's Sept-August 2016/17 corn exports are estimated at 1.006 MMT, down 24.9% from year-ago. While imports increased almost in 8 times to 357,200 MT

- Bulgaria's July-August 2017 barley exports are estimated at 185,960 MT, up 27.2% from year-ago

- UK corn imports fell in September to 89,431 MT, down from 185,422 MT in August and down 44.6% from a year-ago. Britain’s Jul-Sept corn imports totalled 415,882 MT vs. 394,761 MT a year ago

- UK exported 90,398 MT of barley in September, down from 138,308 MT in August but 24.1% above last year level. Cumulative barley exports for 2017/18 totalled 342,014 MT compared to 357,499 MT in Jul-Sept 2016/17

- Russian farmers harvested 10.43 MMT of corn from 71.8% of the planned area as of Nov 16, down from 13.28 MMT a year ago. Yields totalled 5.02 mt/ha vs. 5.77 mt/ha a year ago

- Russian farmers harvested 21.67 MMT of barley from 98.2% of the planned area as of Nov 16, up from 19.06 MMT a year ago. Yields totalled 2.79 mt/ha up from 2.35 mt/ha a 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 35.4% of the crop has been planted as of Nov 15, behind of last year’s pace (40.3%)

- Buenos Aires Grain Exchange expects Argentine 2017/18 sorghum acreage at 830,000 ha, a 3.8% increase from last year (800,000 ha in 2016/17). Exchange estimates 22.7% of the crop has been planted as of Nov 15 vs. last year’s pace of 28.7%

- Indian government lifted an 11-year ban on export of all types of pulses

- US Ethanol production for the week ended Nov 10 decreased by 3,000 barrels to 1,054,000 barrels per day, up 3.6% from last year's level of 1,017,000 bpd. Stocks rose by 152,000 barrels from the week prior to 21.497 million barrels, up 15.5% vs. 18.609 million barrels a year ago

SOYBEAN

- Nov 16 - Argentina registered for export 129,200 MT of soymeal and 43,000 MT of soybean oil

- Nov 15 - Argentina registered for export 63,200 MT of soymeal and 16,500 MT of soybean oil

- Weekly US soybeans export sales data for week ended Nov 9 of 1,176,900 MT, incl. 1,104,800 MT for 2017/18 (near the lower end of expectations of 1.1-1.5 MMT). Export commitments for 2017/18 are running 15% behind of year-ago

- Informa Economics lowered its US 2018 soybean plantings forecast to 89.627 million acres, down from its month-ago projection of 90.347 million acres and vs. 90.2 million acres in 2017

- NOPA said its members crushed 164.242 million bushels of soybeans during October, within the trade expectations (164.475 million bu – avg., 160-169.5 mln bu – range) and the fifth highest month on record. NOPA processors crashed 136.419 mln bu in September and 164.641 mln bu a year ago. Soyoil stocks fell to 1.224 billion lbs as of Oct 31 from 1.302 a month earlier and vs. last year’s level of 1.343 billion lbs, below the average expectations of 1.41 billion lbs. Soymeal exports rose to 643,199 tons from 487,397 tons in September and vs. 562,180 tons a year-ago; it is the largest monthly soymeal export volume since March

- India has raised import tax on edible oil to the highest level in more than a decade. India doubled the import tax on crude palm oil to 30%, while the duty on refined palm oil has been raised to 40% from 25% earlier

- India raised the import tax on crude soyoil to 30% from 17.5%, while on refined soyoil to 35% from 20%. That apart, import duty on soybean has been increased to 45% from 30%

- India raised the import duty on crude sunflower oil to 25% from 12.5%, while on refined sunflower oil to 35% from 20%

- India raised the import duty on crude canola/rapeseed/mustard oils to 25% from 12.5%, while on refined canola/rapeseed/mustard oils to 35% from 20%

- 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 23.8% of the crop has been planted as of Nov 15 vs. 24.2% this time last year

- Buenos Aires Grain Exchange lowered estimate of Argentina’s 2017/18 sunflower seed acreage from 1.8 to 1.75 mln ha (1.7 mln ha in 2016/17). About 81.5% of the crop has been planted as of Nov 15 vs. 78.5% this time last year

- Argentine October soybean crush was reported at 3.57 MMT, up from 3.24 MMT in September but down 3.7% from last year

- Stocks of soymeal at Argentine mills totals 1.282 MMT at the end of October 2017, down by 1.7% from a year-ago

- Stocks of soybean oil at Argentine mills totals 266,911 MT at the end of October 2017, down by 22% from a year-ago

- Argentine October sunflower crush was reported at 175,717 MT, down from 208,766 MT in September but up 35.8% from last year

- Stocks of sunoil at Argentine mills totals 46,309 MT at the end of October 2017, down by 19.2% from a year-ago

- Stocks of sunflower meal at Argentine mills totals 43,129 MT at the end of October 2017, a 46.1% increase from a year-ago

- COFCO Corp looks to buy 2.5 MMT of Canada's canola crop next year, a boost of more than one-third over its expected purchases this year. The company estimates China's 2017/18 canola imports from Canada will range between 4.0 to 4.4 MMT compared to the 4.0 MMT in the previous year

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 4.442 MMT of soybeans vs. 4.905 MMT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 7.105 MMT of soymeal vs. 6.603 MMT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 96,648 MT of soybean oil vs. 103,260 MT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 1.614 MMT of rapeseed vs. 833,739 MT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 72,412 MT of rapeseed meal vs. 99,134 MT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 80,616 MT of rapeseed oil vs. 79,526 MT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 161,639 MT of sunflowerseed vs. 308,428 MT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 1.102 MMT of sunflower meal vs. 933,710 MT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 619,442 MT of sunflower oil vs. 387,193 MMT a year ago

- EU this season in period of Jul 1-Nov 14, 2017/18 imported 2.348 MMT of palm oil vs. 2.269 MMT a year ago

- Farmers in Bulgaria harvested 1.84 MMT of sunseed from 99.7% of the planned area as of Nov 9, up 8.3% from last-year stage, with yields at 2.28 mt/ha, 1.8% higher than a year-ago

- Bulgaria's Sep-Aug 2016/17 sunflower exports are estimated at 678,000 MT, down 5.2% from year-ago score. While imports almost doubled to 214,700 MT

- Bulgaria's July-August 2017 rapeseed exports are estimated at 178,670 MT, down 53.1% from year-ago

- Russian farmers harvested 8.78 MMT of sunseed from 72.7% of the planned area as of Nov 16, down from 10.84 MMT a year ago. Yields totalled 1.54 mt/ha vs. 1.58 mt/ha a year ago

- Russian farmers harvested 3.65 MMT of soybeans from 94.8% of the planned area as of Nov 16, up from 3.16 MMT a year ago. Yields totalled 1.49 mt/ha vs. 1.55 mt/ha a year ago

- Russian farmers harvested 1.58 MMT of rapeseed from 91.7% of the planned area as of Nov 16, up from 1.08 MMT a year ago. Yields totalled 1.74 mt/ha vs. 1.21 mt/ha a year ago