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-Russian wheat crop ideas ticked higher on good spring wheat yields
-Indian oilseed production seen down year-over-year
-Argentine farmer selling solid in latest week
-Haiti reports first ASF cases
-Mostly dry forecast to aid U.S. harvest activity

 Brazilian ag exporter association Anec bumped their estimate of the county’s September soybean exports up to 5.0 MMT from 4.8 MMT and would be unchanged from August exports and above last year’s 4.3 MMT. Based on the new estimate, Brazil’s marketing year to date (Feb-Sep) soybean exports of 78.9 MMT would be slightly above last year’s 77.4 MMT during the same period. Anec sees Sept corn exports at 2.8 MMT, down slightly from 2.9 MMT previously and well below 4.3 MMT in August and 6.4 MMT last year. Marketing year to date (Mar-Sep) exports of 9.7 MMT are down massively from last year’s 17.4 MMT.
 The Argentine ag secretary reported the country’s farmers sold roughly 650k tonnes of soybeans over the last week, bringing total sales of this year’s crop to 30.0 MMT, representing 70% of total production, vs sales at this time last year of 31.6 MMT, 64% of production. Farmer corn sales have now reached 40.4 MMT, up 700k tonnes for the week, 80% of total production vs 36.8 MMT sold (72% of production) last year at this time.
 Sovecon ticked their estimate of this year’s Russian wheat crop up to 75.6 MMT from 75.4 MMT previously due to good spring wheat yields in Siberia, remaining above USDA’s last estimate of 72.5 MMT but down solidly from last year’s 85.9 MMT (85.4 MMT USDA).
 India sees this year’s harvested soybean crop at 12.7 MMT, down slightly from last year’s 12.9 MMT, with total oilseed production at 23.4 MMT vs 24.0 MMT last year. The lower oilseed production will keep edible oil import demand elevated for the coming year.
 Pakistan tendered for 640k tonnes of wheat with offers due by September 29. The Philippines ended up buying 112k tonnes of feed wheat, half of the 224 tendered-for amount, for Dec-Jan shipment and said to be priced in the low $350s/tonne c&f. There were no offers in Morocco’s recent tender for 363k tonnes of U.S. soft wheat under reduced-tariff import quota terms.
 In a mostly symbolic measure, Germany vowed to end the use of palm oil in biodiesel production beginning in 2023, well ahead of the EU’s plan to phase out palm oil usage by for biodiesel by 2030. Only about 4% of Germany’s annual 3.4 MMT of biodiesel production uses palm oil as a feedstock, with rapeseed oil accounting for around 60%, used oils 25% and the rest mainly soybean oil.
 Haiti has reported its first outbreak of African swine fever in 37 years in a location near the Dominican Republic border, a not-too surprising development after the DR’s reported cases of ASF in July, the first in the Americas in nearly 40 years. Agencies are on high alert taking measures to keep the disease contained to the island.

CCSTrade
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