Wheat

- Tunisia held a tender fro the purchase of 75,000 tonnes of hard wheat, 50,000 tonnes of soft wheat and 50,000 tonnes of feed barley. The best C & F offers are:

    -hard wheat 283 USD / mt and 285.48 USD / mt,

    -soft wheat 208.19 USD / mt, 209.19 USD /mt, 210.74 USD / mt,

    -feed barley 209.20 USD / mt.

- Strategies Grains once again raised their estimate for the EU soft wheat production +0.3 million tonnes to 142.8 million tonnes - + 5.3% more than the 2016 crop. The forecast for the hard wheat crop is raised by 0.3 million tonnes to 9.2 million tonnes (-7%).

- Japan purchased 106,000 tonnes of wheat from the United States, Canada and Australia for shipment from November  21 to December 31, 2017.

- Jordan failed to purchase 100,000 tonnes of milling wheat and 100,000 tonnes of feed barley. A new auction was announced.

- According to FranceAgriMer forecast, in 2017 - 2018, French wheat export will grow by 7 million tonnes compared to 2016-2017. to 18.36 million tonnes, which will be the a 11 years high. In July - August, export to EU countries grew 63% yoy to 1.31 million tonnes. Export to third countries grew by only 4% to 1.24 million tonnes. The ending stocks of soft wheat were reduced by 0.2 million tonnes to 3.18 million tonnes.

Grain

- According to Strategie Grains, in 2018, the total areas under grain cultivation in the EU countries will grow by 0.7% to 56.1 million hectares. Areas under soft wheat cultivation increase by 0.5% per year, that under winter barley + 1% and spring barley + 3%. Corn areas will be down by 3%, and those with hard wheat will remain unchanged.

- In September, 317 550 tonnes of corn were exported from Russia, + 260% more than August, but 22% less than September 2016. The major buyers were South Korea - 29.5%, Turkey 24.3% and Iran 13.3%.

- In September, 558,000 tonnes of barley were exported from Russia, 22.6% less than August, but 19.5% more than September 2016. The major customer is Iran with a share of 42% followed by Saudi Arabia 36% and Tunisia 5%.

- From the beginning of the season to October 12, 2017, 119 400 tonnes of flour were exported from Ukraine . 11,497 million tonnes of grain and flour were exported. 6,724 million tonnes of wheat, 3,31 tonnes of barley, 1,6 million tonnes of rye and 1,273 tonnes of corn.

- Corn crop in China in the current season will be 210.1 million tonnes at 212.48 million tonnes in the previous forecast. Consumption will be 215.62 million tonnes (214.57). The supply shortage of corn is increased to 4.31 million tonnes (0.89).

- Strategie Grains raised their forecast for barley crop in the EU by 0.2 million tonnes to 58.7 million tonnes, which is 2% less than 2016. The forecast for corn crop is unchanged - 59 million tonnes (-5%). The total grain crop will reach 299.5 million tonnes (+0.7 million tonnes and + 1.2%).

- Turkey did not purchase 96,000 tonnes of feed barley for shipment from October 17 to November 7, 2017 due to high prices offered at the tender.

Oil crops and vegetable oils 

- According to the latest forecast of Oil World, in 2017 - 2018 global sunflower crop will drop by 1.2 million tonnes yoy to 48.4 million tonnes. Crop in Russia will decrease by 0.5 million tonnes to 11.3 million tonnes and in Ukraine by 0.2 million tonnes to 13.4 million tonnes. Sunflower crop in the EU will be 8.7 million tonnes (8.5), and in Argentina it remains unchanged at 3.8 million tonnes. In Turkey a record high crop yield is expected - 1.7 million tonnes (1.5).

- From the beginning of 2017 - 2018, 1.6 million tonnes of oil crops were exported from Ukraine, which is + 190% yoy. More than 1.46 million tonnes of rapeseed and over 0.15 million tonnes of soybean were exported.

- According to APK- Inform, in the last week, FOB price of unrefined sunflower oil from Ukraine fell by 5 USD/mt, down to 765 – 770 USD/mt FOB. 

- According to the Rosario Board of Trade, soybean stocks in Argentina at the end of 2017. will reach all time high at 16 million tonnes, up by 5 million tonnes yoy.