-USDA reports corn sale to Mexico
-Brazilian soybean planting underway
-Russian wheat price rise continues, new crop area seen declining
-Sept Malaysian palm oil stocks expected to remain above year ago levels
 Next Monday, the Malaysian Palm Oil Board will release their monthly report. The average estimate of end September Malaysian palm oil stocks is 1.868 MMT (1.690-2.000 MMT range of ideas), essentially unchanged from August stocks of 1.875 MMT, but would still be modestly above last year’s Sept stocks of 1.722 MMT. September palm oil production is estimated at 1.750 MMT (1.720-1.900 MMT range of ideas) vs 1.702 MMT in August and 1.869 MMT last year, while September exports are estimated at 1.625 MMT (1.512-1.716 MMT range of ideas), up sharply from 1.163 MMT in August and would be the highest since December. Last year’s September exports were 1.612 MMT.
ï‚· USDA reported the sale of 427k tonnes of corn to Mexico for 2021/22 delivery this morning.
ï‚· Russian wheat export values rose for the 12th consecutive week last week, with 12.5% protein supplies at Black Sea ports trading at $307/tonne fob, up $3.00 from the previous week according to IKAR. While details were not provided, the Russian Ag Ministry reportedly will set a wheat export quota to go into effect Feb 15, 2022.
 Dry weather is expected to result in lower Russian winter wheat planted area than last year, with Sovecon expecting a 0.7k-1.2 million hectare (1.7-3.0 mil acre) reduction from last year’s 17.8 mil hectares (44.0 mil acres), while IKAR expects the reduction to be 0.5k-1.0 mil hectares (1.2-2.5 mil acres). Winter wheat typically accounts for around 70% of total Russian wheat production.
 Strategie Grains estimates 2022/23 EU total rapeseed area will rise 7% to 5.60 million hectares (13.8 mil acres) from 5.23 mil hectares (12.9 mil acres) for this year’s crop which produced 17.03 MMT vs 16.6 MMT last year. They estimate this year’s EU rapeseed ending stocks will be a record low 900k tonnes.
 Ideas on this afternoon’s USDA harvest progress update are around 25-27% for corn vs average around 22% and 18% last week, and roughly 30% for soybeans vs 25% average/16% last week.
ï‚· AgRural and Safras & Mercado estimate the Brazilian soybean crop is 4% planted vs 2% at this time last year. CONAB estimates Brazilian soybean planted area will rise 3.6% this year to 39.9 million hectares (98.6 million acres).
 Friday afternoon’s CFTC Disaggregated COT data for futures/options combined for the week ended 9/28/21 showed funds net buyers across the grain/oilseed markets, with the exception of CBOT wheat. For the week, funds were net buyers of 30.4k contracts of corn, raising their net long to 245k contracts, 9.6k contracts soybeans (net long 59k), 8.5k SBO (net long 47k), 3.6k SBM (net short 15k), 7.1k KCBT wheat (net long 46k) and 2.1k MPLS wheat (net long 15k). Funds were net sellers of 4.3k contracts in CBOT wheat and are now net short nearly 10k contracts.