WHEAT

- Oct 23 - Turkey's TMO seeks 127,500 MT of EU durum wheat for Nov 29-Dec 17 shipment

- Oct 22 - Turkey's TMO seeks 190,000 MT of EU milling wheat for Nov 29-Dec 17 shipment

- Oct 16 - Egypt’s GASC seeks an unspecified amount of wheat from global suppliers for Nov 21-30 shipment

- Oct 11 - Tunisia's state grains agency bought 50,000 MT of optional-origin milling wheat from Casillo for Nov 10-20 shipment: 25,000 MT at 220.49 $/mt c&f and 25,000 MT at 221.49 $/mt c&f

- US wheat export inspections for week, ending Oct 10, recorded 462,651 MT, within expectations (300-600 TMT). Inspections for 2019/20 are running 20.8% ahead of year-ago

- USDA estimated the US spring wheat harvest as 94% complete by Oct 13, as expected, but below 5-year mean (100%) and last year pace (100%)

- USDA said the US winter wheat plantings at 65% complete as of Oct 13, behind of expectations (66%) but in line with 5-year mean (65%) and above the last-year score (64%)

- Czech Statistics Bureau raised estimate of country’s 2019 wheat production to 4.865 MMT from 4.849 MMT previously (4.418 MMT in 2018)

- UK exported 104,487 MT of wheat in Aug, up from 46,526 MT in July. Cumulative imports in July-Aug 2019 totalled 151,012 MT, up from 50,030 MT in the same period last season

- UK imported 131,328 MT of wheat in Aug, up from 91,965 MT in July. Britain’s Jul-Aug 2019 wheat imports totalled 223,293 MT vs. 526,954 MT a year ago

- IKAR has raised its forecast for Russia's 2019 grain crop by 700,000 MT to 122.7 MMT. The wheat crop is now seen at 75.6 MMT, barley at 20.6 MMT and corn at 14.1 MMT

- Kazakh farmers harvested 19.131 MMT of all grains as of Oct 16, down vs. 21.733 MMT a year ago. Yields totalled 1.26 mt/ha down from 1.46 mt/ha a year ago

- Ukrainian farms have sown as of Oct 15 a total of 5.65 million hectares of winter grains for the 2019 harvest, or 77% of the expected area of 7.3 million, incl. 4.944 million hectares of winter wheat and 597,500 hectares of winter barley

- Iraq approved an allocation of 2.25 million hectares of agricultural land for wheat planting for 2019-2020 season, 500,000 ha more than the previous season

- China has set the 2020 minimum purchasing price for wheat at 2,240 RMB/mt (316 $/mt), the same level as 2019, but it will cap the volume it buys from farmers under the guarantee programme

- Buenos Aires Grains Exchange cut its forecast of Argentine 2019/20 wheat production to 19.8 MMT from 21 MMT previously (19 MMT in 2018/19)

- Conab lowered its estimate for 2019 wheat production to 5.149 MMT from 5.4 MMT in September and compared to 5.428 MMT last year. They forecast wheat imports this year at 7 MMT (6.753 MMT in 2018)

CORN

- South Korea's KOCOPIA in a deal late last week bought 60,000 MT of optional-origin corn from Posco at 211.47 $/mt c&f including a surcharge for additional port unloading for Jan 1, 2020 arrival

- US corn export inspections for week, ending Oct 10, reported 470,612 MT, within expectations (400-700 TMT). Inspections for 2019/20 are running 63.9% behind of year-ago

- USDA rated 55% of the US corn crop in good-to-excellent condition as of Oct 13, down 1% point from prior week, as expected, and down compared to 68% a year-ago. USDA estimated 22% of the US corn crop was harvested, behind of expectations (24%), below last year’s pace (38%) and the 5-year mean (36%)

- China's Ag Min raised its estimate for 2018/19 corn imports to 4.55 MMT, an increase of 300,000 MT from the previous month. China's Ag Min upped estimate of 2019 corn output to 257.09 MMT from 255.51 MMT previously (257.33 MMT in 2018). China’s 2019/20 corn imports are forecasted at 3 MMT

- Ukrainian farmers have harvested 14.523 MMT of corn from 45.1% area with the average yield of 6.47 mt/ha as of Oct 15

- UK exported 256,943 MT of barley in Aug, up from 72,702 MT in July. Cumulative exports for the season, which started on July 1, 2019, totalled 329,644 MT vs. 92,167 MT during the same period prior season

- UK imported 165,078 MT of corn in Aug, down from 272,542 MT in July. Britain’s Jul-Aug 2019 corn imports totalled 437,619 MT vs. 286,801 MT a year ago. Ukraine was the main supplier in the 2-month period (145,576 MT), followed by Brazil (64,496 MT)

- Conab forecast Brazil's 2019/20 corn crop at 98.39 MMT, less than 100.046 MMT last season. Conab expects Brazil to export 34 MMT of corn (38 MMT in 2018/19). Ending stocks are forecasted to decline to 11.492 MMT from 14.736 MT in 2018/19

SOYBEAN

- Oct 15 - USDA announced export sales of 142,579 MT of US soybeans for delivery to unknown destinations during 2019/20

- Oct 10 - USDA announced export sales of 398,000 MT of US soybeans for delivery to China during 2019/20

- US soybean export inspections for week, ending Oct 10, reported 954,881 MT, within trade expectations (750-1250 TMT). Inspections for the 2019/20 marketing year are running 7.4% ahead of year-ago

- USDA rated 54% of the US soybean crop in good-to-excellent condition as of Oct 13, up 1% point from prior week, above expectations (52%), but down compared to 66% a year-ago. USDA estimated 26% of the US soybean crop was harvested, ahead of expectations (25%), below last year’s pace (37%) and the 5-year mean (49%)

- NOPA said its members crushed a smaller-than-expected 152.566 million bushels of soybeans during September (162.193 million bu – average expectations, 155.74-166.85 – range). NOPA processors crashed 168.085 mln bu in August and 160.779 mln bu a year ago. Soyoil stocks rose for the first time in five months to 1.442 billion lbs as of Sept 30 from 1.401 a month earlier, above average expectations of 1.32 billion lbs, but below the last year’s level of 1.531 billion lbs. Soymeal exports increased in September to 844,584 tons from 699,212 tons in August and vs. 785,267 tons a year-ago

- Conab forecasts Brazil's 2019/20 soy output at 120.393 MMT compared to a previous crop of 115.03 MMT. Conab expects Brazil to export 72 MMT of soybeans (70 MMT in 2018/19). Ending stocks are forecasted to decline to 1.286 MMT from 1.371 MMT in 2018/19

- China imported 8.197 MMT of soybeans in September, up 2.3% from the year before. For the first nine months of 2019, imports fell to 64.511 MMT, down 7.9% from the same time a year ago

- China's imports of all vegetable oils in September was 840,000 MT up 44% on year. China's Jan-Sep vegetable oil imports climbed 49.4% on year to 6.658 MMT

- Ukrainian farmers have harvested 12.718 MMT of sunflowerseed from 90.1% area with the average yield of 2.41 mt/ha as of Oct 15

- Ukrainian farmers have harvested 3.012 MMT of soybean from 81.7% area with the average yield of 2.33 mt/ha as of Oct 15

- UK’s Ag Min estimates 2019 rapeseed harvest for the UK at 1.75 MMT, down 13% on year (2.012 MMT in 2018)

- Surveyor AmSpec Agri Malaysia estimated Malaysia's Oct 1-15 palm oil exports at 684,907 MT up 2.3% from a month ago

- SGS estimated Malaysia's Oct 1-15 palm oil exports at 659,437 MT down 5.9% from a month ago

- Malaysia will reduce duties on exports of crude palm oil in 2020. Under the new tax regime, the export duty rate will be set at 3% when prices are 2,250-2,400 MYR/mt, down from the current duty of 4.5%

- Malaysia's government expects crude-palm-oil-prices to rise next year to average 2,100 MYR/mt from this year's estimated 2,000 MYR/mt, driven by stronger domestic consumption of biodiesel and higher demand for the vegetable oil from major markets

- MPOB estimated Malaysian crude palm oil production in Sept at 1.842 MMT, below the average expectation of 1.906 MMT but up 1.2% from 1.822 MMT in August. Malaysia's palm oil stocks at end-Sept rose 9.3% from the previous month to 2.448 MMT, but below the average market expectation of 2.52 MMT. Malaysian Sept palm oil exports fell by 18.8% to 1.41 MMT, slightly exceeding the average expectation of 1.4 MMT