WHEAT

- Nov 1 - Taiwan Flour Millers' Association seeks 101,400 MT of US milling wheat

- Oct 26 - Egypt's GASC bought 470,000 MT of wheat from Russia (350 TMT), the US (60 TMT) and Ukraine (60 TMT) for December 11-20 shipment:

  • 55,000 MT of Russian wheat from ECTP at 248.80 $/mt c&f (230.00 fob+18.80 freight);
  • 60,000 MT of Russian wheat from GTCS at 251.93 $/mt c&f (234.99 fob+16.94 freight);
  • 55,000 MT of Russian wheat from Cargill at 253.10 $/mt c&f (234.27 fob+18.83 freight);
  • 60,000 MT of Russian wheat from GTCS at 253.17 $/mt c&f (234.99 fob+18.18 freight);
  • 60,000 MT of Russian wheat from Daewoo at 253.17 $/mt c&f (234.99 fob+18.18 freight);
  • 60,000 MT of Russian wheat from Aston at 253.17 $/mt c&f (234.99 fob+18.18 freight);
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 253.17 $/mt c&f (234.58 fob+18.59 freight);
  • 60,000 MT of US soft red wheat from Cargill at 253.97 $/mt c&f (218.5 fob+35.47 freight)

- Oct 25 - Japan bought 104,673 MT of food wheat for Nov-Jan shipments:

  • 13,950 MT of western white US wheat;
  • 20,490 MT of hard red winter US wheat;
  • 35,078 MT of dark northern spring US wheat;
  • 35,155 MT of Canadian western red spring wheat

- Thai feed makers recently bought 50,000 MT of optional-origin feed wheat at 252 $/mt c&f liner out (including the cost of delivery to mills) for December shipment

- Oct 24 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin hard milling and retender on Oct 31

- Oct 24 - Tunisia's state grains agency bought 50,000 MT of optional-origin durum wheat and 100,000 MT of soft wheat:

  • 25,000 MT of soft milling wheat from Dreyfus at 252.85 $/mt c&f for Nov 25-Dec 5;
  • 25,000 MT of soft milling wheat from Lecureur at 253 $/mt c&f for Dec 5-15;
  • 25,000 MT of soft milling wheat from Dreyfus at 254.45 $/mt c&f for Dec 15-25;
  • 25,000 MT of soft milling wheat from Cofco at 255.57 $/mt c&f for Dec 25-Jan 5;
  • 25,000 MT of durum wheat from Mediterranee at 273.69 $/mt c&f for Jan 15-Feb 15;
  • 25,000 MT of durum wheat from Casillo at 275.68 $/mt c&f for Jan 15-Feb 15

- Oct 24 - The lowest offer in Bangladesh’s tender for 50,000 MT of wheat came in at 291.93 $/mt C&F liner out from Swiss Singapore Overseas. Other offers were: Aston – 292.70 $/mt, Agrocorp – 294.64 $/mt, Phoenix Global – 296.88 $/mt

- Bangladesh canceled an international tender to import 50,000 MT of wheat, citing higher prices. Agrocorp made the lowest offer of 297.2 $/mt, CIF liner out on tender on Oct 9

- Oct 23 - Algeria's OAIC bought 500,000 MT of wheat in a tender at 256-258 $/mt c&f for December shipment

- Oct 29 - China auctioned 8,953 MT of imported 2013 wheat from state reserves, or 1.1% of the offered amount at average price of 2,184 RMB/mt (314 $/mt)

- Oct 24 - China sold 153,563 MT of wheat from state reserves or 7.1% of the offered amount at auction at average price of 2,413 RMB/mt (348 $/mt)

- Oct 24 - China auctioned 9,179 MT of imported 2013 wheat from state reserves, or 1.1% of the offered amount at average price of 2,041 RMB/mt (294 $/mt)

- Weekly US wheat export sales data for week ended Oct 18 totaled 448,600 MT, incl. 442,600 MT for 2018/19 (within trade expectations for 200-500 TMT). Export commitments for 2018/19 are running 17% behind of year-ago

- US wheat export inspections for week, ending Oct 25, recorded 393,255 MT, within trade expectations (300-500 TMT). Inspections for 2018/19 are running 22.8% behind of year-ago

- USDA said the US winter wheat crop 78% planted as of Oct 28, behind average of analysts’ expectations of 82%, also below last-year score (83%) and 5-year mean (85%). USDA rated 53% of the US winter wheat crop in good-to-excellent condition, below analysts’ expectations of 58%, but slightly better than last year’s 52%

- European Commission (EC) trimmed its forecast of 2018 EU soft wheat crop by 1.33 MMT to 127.4 MMT vs. 142.1 MMT last year. EU's executive kept its forecast of 2018/19 EU soft wheat exports at 20 MMT (21.3 MMT in 2017/18). Soft wheat inventories in the region are forecasted at 11.306 MMT by the end of June 2019 vs. 18.227 MMT estimated for 2017/18

- FranceAgriMer estimated winter wheat planting 51% done as of October 21, behind of last year’s pace of 58%

- ABARES cut forecast of 2018/19 Australian wheat crop to 16.53 MMT from 19.096 MMT in Sept, due to drought impact

- Buenos Aires Grains Exchange cut its forecast of Argentine 2018/19 wheat production to 19.4 MMT from 19.7 MMT previously (17.8 MMT in 2017/18)

- International Grains Council (IGC) upped its forecast for global wheat production in 2018/19 by 12.1 MMT to 728.8 MMT (767.1 MMT in 2017/18), mostly reflecting higher perspective this month for China. Forecast of ending stocks was upped by 12.2 MMT to 262 MMT (273.4 MMT in 2017/18)

- Turkish grain production is seen decreasing 4.8% year-on-year in 2018 to 34.4 MMT, incl. 7 MMT of barley, an 1.4% decrease and 20 MMT of wheat, a 7% decrease

- Ukrainian farms have sown as of Oct 30 a total of 6.9 million hectares of winter grains for the 2019 harvest, or 96% of the expected area of 7.2 million

CORN

- Oct 30 - Jordan bought 60,000 MT of optional-origin feed barley from Bunge at 275.5 $/mt c&f for Jan 16-31 shipment

- Oct 30 - South Korea's Major Feedmill Group (MFG) bought 69,000 MT of corn from Brazil at 199 $/mt c&f + 1.25 $/mt surcharge for additional port unloading

- Oct 26 - South Korea's KOCOPIA bought 60,000 MT of corn, likely from Brazil, from Glencore at 199.82 $/mt c&f including a surcharge for additional port unloading for Jan 30 arrival

- Oct 24 - Tunisia's state grains agency bought 100,000 MT (4x25 TMT) of optional-origin feed barley from Glencore at 264.38 $/mt c&f for Nov 15-Jan 5 shipment

- Oct 24 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on Oct 31

- Oct 23 - South Korea's Nonghyup Feed Inc. (NOFI) bought 70,000 MT of optional-origin corn, likely from the US or South America, at 203.75 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Dec-Feb shipment

- Oct 23 - South Korea's Feed Leaders Committee (FLC) bought around 65,000 MT of optional-origin corn, likely from the Black Sea region or South America, from Cargill at 202.9 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for January shipment

- Oct 25 - China sold 3,921,164 MT of corn from state reserves, or 98.2% of the offered amount, at average price of 1,581 RMB/mt (227 $/mt)

- Weekly US corn export sales data for week ended Oct 18 totaled 377,500 MT, incl. 349,500 MT for 2018/19 (below expectations for 400-800 TMT). Export commitments for 2018/19 are running 32% ahead of year-ago

- US corn export inspections for week, ending Oct 25, reported 652,995 MT, below market expectations (0.8-1.1 MMT). Inspections for 2018/19 are running 68.6% ahead of year-ago

- USDA estimated 63% of the US corn crop was harvested as of Oct 28, behind analysts' forecasts of 64%, but above last year’s pace (52%) and matching the 5-year mean

- EC lifted forecast of 2018 EU corn harvest by 0.45 MMT to 62.33 MMT (64.75 MMT in 2017). EC also raised forecast of EU 2018/19 corn imports by 0.3 MMT to 16.3 MMT vs. 17.86 MMT in 2017/18. Ending stocks are estimated at 20.22 MMT vs. 23.6 MMT current season

- EC upped its forecast of 2018 EU barley harvest by 0.4 MMT to 56.78 MMT vs. 58.45 MMT in 2017. EC kept forecast of EU 2018/19 barley exports at 8 MMT vs. 8.96 MMT in 2017/18. Barley inventories in the region are forecasted at 5.94 MMT by the end of June 2019 vs. 4.63 MMT estimated for 2017/18

- FranceAgriMer estimated France’s corn condition as of October 21 as 57% in good to excellent, unchanged from prior week, but below the year-ago score of 81%. French farmers harvested 91% of corn as of Oct 21 vs. 81% a week ago and 70% a year ago

- FranceAgriMer estimated winter barley planting 61% done as of October 21, behind of last year’s pace of 72%

- ABARES cut forecast of 2018/19 Australian barley crop to 6.91 MMT from 8.327 MMT in Sept

- IGC trimmed its forecast of the global corn crop in 2018/19 by 0.6 MMT to 1.074 billion tones (1.048 BMT in 2017/18). IGC upped its forecast for 2018/19 global corn carryover by 4.8 MMT from September to 265.9 MMT vs. 303.7 MMT in 2017/18

- Ukrainian farmers harvested 22.5 MMT of corn from 70% of planned area as of Oct 30, yields totaled 7.03 mt/ha

SOYBEAN

- Oct 29 - USDA announced export sales of 120,000 MT of US soybeans for delivery to unknown destinations during 2018/19

- Oct 26 - USDA announced export sales of 260,000 MT of US soybeans for delivery to unknown destinations during 2018/19 (200 TMT) and 2019/20 (60 TMT)

- Oct 26 - South Korea's NOFI has purchased about 60,000 MT of optional-origin soymeal at 377.45 $/mt c&f including a surcharge for additional port unloading for May 20 arrival

- Oct 26 - South Korea's Major Feedmill Group (MFG) in a private deal purchased about 60,000 MT of optional-origin soymeal at 373.7 $/mt c&f including a surcharge for additional port unloading

- Oct 24 - Egypt’s GASC bought 26,000 MT of soybean oil at 12,040 EGP/mt (671 $/mt) from Watanya/Cargill, also 30,000 MT of sunflower oil from Glencore at 702 $/mt c&f with facilities 180 days for Dec 1-15 arrival

- Oct 24 - China sold 88,426 MT of 2013 soybeans from state reserves, or 85% of the offered amount, at average price of 3,128 RMB/mt (451 $/mt)

- Weekly US soybeans export sales data for week ended Oct 18 totaled 213,700 MT, incl. 212,700 MT for 2018/19 (below trade expectations for 300-700 TMT). Export commitments for 2018/19 are running 26% behind of year-ago

- Weekly US soymeal export sales data for week ended Oct 18 of 203,100 MT, incl. 203,000 MT for 2018/19, within trade expectations of 50-300 TMT. Export commitments for 2018/19 are running 13% ahead of year-ago

- US soybean export inspections for week, ending Oct 25, reported 1,304,907 MT, topped trade estimates (650-1150 TMT). Inspections for the 2018/19 marketing year are running 40.9% behind of year-ago

- USDA estimated 72% of the US soybean crop was harvested as of Oct 28, ahead analysts' forecasts (70%), but below last year’s pace (81%) and the 5-year mean (81%)

- AgRural said Brazilian farmers have planted 46% of the 2018/19 soybean area, vs. 30% at this stage last year

- IGC trimmed its forecast for 2018/19 global soybean production by 0.4 MMT to 369.4 MMT (339.6 MMT in 2017/18). IGC upped global 2018/19 soybean carryover to a record 54.3 MMT (42.4 MMT in 2017/18), up by 2.1 MMT from prior forecast

- Ukrainian farmers harvested 13.1 MMT of sunflower seed from 96% of planned area as of Oct 30, yields totaled 2.24 mt/ha

- Ukrainian farmers harvested 4.1 MMT of soybeans from 93% of planned area as of Oct 30, yields totaled 2.54 mt/ha

- Ukrainian farmers have completed winter rapeseed sowing for the 2019 harvest at 1 million hectares (115% of plan) as of Oct 30

- EC cut its forecast of 2018 EU soybean harvest from 2.8 MMT to 2.58 MMT, down 3.3% from 2017 (2.67 MMT)

- EC raised its forecast of 2018 EU rapeseed harvest from 19.72 MMT to 19.8 MMT, down 10% from 22.01 MMT in 2017

- EC lowered its forecast of 2018 EU sunflower seed crop by 0.51 MMT to 9.61 MMT, down 8% from 10.45 MMT in 2017

- Strategie Grains has reduced its estimate of the area sown with rapeseed for next year's harvest in the EU to 6.22 million hectares from an initial outlook of 6.32 million last month (6.87 million hectares in 2018)

- ABARES cut forecast of 2018/19 Australian canola crop to 2.23 MMT from 2.789 MMT in Sept

- Surveyor Intertek Testing Services estimated Malaysia's October 1-25 palm oil exports at 1,068,662 MT down 22.1% from a month ago

- Surveyor AmSpec Agri Malaysia estimated Malaysia's October 1-25 palm oil exports at 1,096,989 MT down 17.3% from a month ago

- Indonesia will maintain export tax for crude palm oil at zero for November, as the CPO reference price is seen at below the 750 $/mt