Wheat
- Japan announced a tender for the purchase of 123,700 tonnes of milling wheat from the United States, Canada and Australia.
- Algeria announced a tender for the purchase of 50,000 tonnes of wheat of optional origin and January 2018 shipment.
- According to the October report of Conab, wheat production in Brazil, in 2017 - 2018, is estimated at 4.8 million tonnes, 27% less than the previous season - 6.7 million tonnes. During the season, import into Brazil will have to be at least 7 million tonnes.
- According to data from market operators, the lowest price offered at the Iraqi tender for the purchase of 50,000 tonnes of wheat, was for US wheat - 299 USD / mt, C & F.
- FranceAgrimer confirms the high quality of soft wheat, given a crop of 37.8 million tonnes.
Grain
- In September, agricultural organizations in Russia marketed 9.37 million tonnes of grain, 21.8% more than August and 17.9% more than September 2016. As of October 1, 2017 grain stocks in Russian agricultural organizations were 37.88 million tonnes or 13.9% more than the previous year.
- As of October 1, 2017 grain stocks in Kazakhstan exceed 18.004 million tonnes, that of wheat 14,668 million tonnes.
- South Korea's NOFI purchased 69,000 tonnes of yellow corn from the US and South America at $ 188.75 / mt, C & F + 1.25 USD / mt for unloading, for shipment until February 15, 2018 and 12,000 tonnes of feed barley at price of 205 USD / mt, C & F + 1.25 USD / mt and shipment until February 5, 2018. Part of the barley was purchased at price of 244 USD / mt, C & F. An auction for the purchase of 138,000 tonnes of yellow corn, 65,000 tonnes of forage wheat and 12,000 tonnes of forage barley was announced.
- 45.822 million tonnes of grain are harvested in Ukraine at average yield of 3.91 mt/ ha. Corn harvest is completed on 1.757 million hectares (39% of the area), 7,847 million tonnes of corn were harvested at average yield of 4.47 mt/ ha.
- As of October 15, 2017, in the US, harvest is completed on 28% of the corn areas at 22% a week earlier, 44% a year earlier and 47% on average over the past five years.
- In 2017 - 2018 corn crop in Ukraine will be 27 million tonnes, ranking the country on sixth place among the major corn producers in the world.
Oil crops and vegetable oils
- In September 2017. Russian agricultural organizations marketed 393,300 tonnes of sunflower, 20.1% less than September 2016. As of October 1, 2017. stocks of sunflower in these organizations amounted to 1.583 million tonnes (+ 24.3%).
- According to forecast of Oil World, in 2017 - 2018 global oil crops supply in the current season will be 665 million tonnes, by 22 million tonnes more than the previous one, due to record stocks of 113 million tonnes (110.6 million tons). The ending stocks of soybean will be 98 million tonnes (+2). The production will be 554 million tonnes and the consumption will be 552 million tonnes.
- In Ukraine, 5.177 million hectares under sunflower cultivation are harvested (87%), 10.066 million tonnes of sunflower are harvested at average yield of 1.94 mt/ ha. Soybean crop is 2.561 million tonnes. There are doubts that the sunflower crop will be about 11.5 million tonnes.
- As of October 15, 2017. in the United States, 49% of the soybean areas were harvested at 35% a week earlier, 59% a year earlier and 60% on average over the past five years.
- According to AgRural data, Brazilian farmers have so far sown soybean, 2017-2018 crop, on 12% of the planned areas at 18% last year and 11% on average over recent years. In Mato Grosso, 18% of the areas are sown, and 30% in Parana. Active sowing started last week. Previously, the campaign was stopped by prolonged drought.
- According to analysts from Malaysia, the low price spread between soybean and palm oil (80-90 USD / mt) can attract buyers to soybean oil. Given the expected weaker soybean crop in Brazil in the new season, the price differential could rise to $ 100 / mt. At the same time, the low oil palm oil stocks in China and India will keep export from Malaysia high as well as the price.