WHEAT

- Oct 30 - The lowest offer in Bangladesh’s tender for 50,000 MT of wheat came in at 268.14 $/mt cif liner out from Swiss Singapore Overseas. Other offers were: Aston – 268.68 $/mt, Agrocorp – 268.90 $/mt, Grainexport SA – 271 $/mt

- Oct 29 - Egypt's GASC bought 235,000 MT of wheat from Ukraine (115 TMT), France (60 TMT) and Romania (60 TMT) for December 5-15 shipment:

  • 55,000 MT of Ukrainian wheat from Olam at 234.55 $/mt c&f (217.45 fob+17.1 freight);
  • 60,000 MT of Romanian wheat from Cargill at 235.4 $/mt c&f (220.75 fob+14.65 freight);
  • 60,000 MT of French wheat from Glencore at 235.85 $/mt c&f (214.5 fob+21.35 freight);
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 236.16 $/mt c&f (219.5 fob+16.66 freight)

- Oct 29 - Jordan bought 60,000 MT of optional-origin hard milling wheat from Ameropa at 241 $/mt c&f for the second half of March 2020 shipment

- Ethiopia has postponed the deadline for offer submissions in international tenders to buy a total of 600,000 MT of milling wheat. A tender for 400,000 MT of wheat is delayed to Nov 14 from Nov 5 previously. A separate tender to purchase 200,000 MT of wheat is delayed to Nov 13 from Oct 29 previously

- US wheat export inspections for week, ending Oct 24, recorded 523,262 MT, within expectations (450-700 TMT). Inspections for 2019/20 are running 23.1% ahead of year-ago

- USDA said the US winter wheat plantings at 85% complete as of Oct 27, below expectations (87%), but above 5-year mean (82%) and the last-year score (77%). USDA rated 56% of the US winter wheat crop in good-to-excellent condition, below analysts’ expectations of 57%, but better than last year’s 53%

- Russian farmers as of Oct 30 have harvested 77.6 MMT of wheat from 27.5 million ha (98% of planted area) with the average yield of 2.82 mt/ha (2.79 mt/ha a year ago)

- Russian farmers have planted 18 million hectares (102.8% of the planned area) of winter crops as of Oct 30, up vs. 17.5 mln ha a year ago

CORN

- Oct 30 - South Korea's Major Feedmill Group (MFG) bought 69,000 MT of optional-origin corn from Cargill at 206.55 $/mt c&f + 1.25 $/mt surcharge for additional port unloading for Feb 5 arrival

- Oct 30 - Taiwan's MFIG bought 63,000 MT of Brazil corn from CHS at a premium of 148.0 USc/bushel c&f over the Chicago March 2020 corn contract (214 $/mt, c&f) for Jan 9-28 shipment

- Oct 30 - Japan bought 440 MT of feed barley for Feb 27 arrival via SBS-tender

- US corn export inspections for week, ending Oct 24, reported 380,660 MT, below expectations (450-650 TMT). Inspections for 2019/20 are running 60.1% behind of year-ago

- USDA rated 58% of the US corn crop in good-to-excellent condition as of Oct 27, up 2% points from prior week, above expectations (56%), but down compared to 68% a year-ago. USDA estimated 41% of the US corn crop was harvested, behind of expectations (43%), below last year’s pace (61%) and the 5-year mean (61%)

- Russian farmers as of Oct 30 have harvested 10.8 MMT of corn from 1.8 million ha (69.8% of planted area) with the average yield of 5.97 mt/ha (4.83 mt/ha a year ago)

- Russian farmers as of Oct 30 have harvested 21.5 MMT of barley from 8.5 million ha (96.6% of planted area) with the average yield of 2.53 mt/ha (2.24 mt/ha a year ago)

SOYBEAN

- Oct 30 - USDA announced export sales of 132,000 MT of US soybeans for delivery to unknown destinations during 2019/20

- US soybean export inspections for week, ending Oct 24, reported 1,568,399 MT, topped trade expectations (900-1300 TMT). Inspections for the 2019/20 marketing year are running 9.3% ahead of year-ago

- USDA estimated 62% of the US soybean crop was harvested as of Oct 27, in line with expectations, but below last year’s pace (69%) and the 5-year mean (78%)

- Sunvin Group expects India's edible oil imports to reach an all-time high of 15.75 MMT in the year to October 2020, up from 15.59 MMT a year ago. India is expected to buy 9.8 MMT palm oil and the balance will be soyoil, sunflower oil and rapeseed oil. India's imports of sunflower oil from Russia are expected to jump to 650,000 MT from 100,000 MT a year earlier due to a large crop. As a result, sunflower oil imports from Ukraine are expected to fall to 1.73 MMT from 2.15 MMT a year earlier

- Farmers in Russia harvested 13.3 MMT of sunflowerseed as of Oct 30, from 84,3% area with the average yield of 1.86 mt/ha (1.58 mt/ha a year ago)

- Farmers in Russia harvested 4.1 MMT of soybeans as of Oct 30, from 80,6% area with the average yield of 1.68 mt/ha (1.56 mt/ha a year ago)

- Farmers in Russia harvested 2.2 MMT of rapeseed as of Oct 30, from 89,2% area with the average yield of 1.57 mt/ha (1.43 mt/ha a year ago)