WHEAT

- Nov 19 - Tunisia seeks 134,000 MT of optional origin soft wheat for Dec-Feb shipment

- Nov 19 - Tunisia seeks 92,000 MT of optional origin durum wheat for Feb-April shipment

- Nov 19 - Japan bought 114,941 MT of food wheat for Dec-Feb shipment:

  • 14,500 MT of western white US wheat
  • 35,910 MT of hard red winter US wheat
  • 30,380 MT of dark northern spring US wheat
  • 34,151 MT of Canadian western red spring wheat

- Nov 18 - Jordan canceled tender to buy 100,000 MT of optional origin wheat for Feb-March shipment

- Ethiopia expects to open a tender to buy additional wheat after purchasing one million tonnes to tackle extreme food shortages due to drought

- Nov 18 - Russia bought 76,005 MT of intervention grain (74,250 MT of wheat and 1,755 MT of barley) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 710,370 MT of Russian grain (683,910 MT of wheat, 10,800 MT of rye and 15,660 MT of barley)

- Egypt's decision to slash wheat subsidies threatens to cut future harvests and force the country to increase imports. Farmers say new subsidy makes growing wheat nearly unprofitable. The government said it would now directly pay farmers a smaller subsidy and then buy the wheat at global prices. The change in the subsidy system was intended to end chronic smuggling of wheat

- Egypt's strategic wheat reserves sufficient to last until the end of April 2016

- French Ag Min maintains its estimate of country's wheat crop at a record 41 MMT (37.5 MMT in 2014)

- Analysts said Black Sea crops remain under threat after entering dormancy in poor condition relative to recent years

- Japan's October grain imports up 20.5% on year to 2.404 MMT, incl. 1.456 MMT from the US

- The Russian government has decided to introduce a ban on food imports from Ukraine starting from January 1 because Kiev joined Western sanctions over Moscow

CORN

- Nov 19 - Tunisia seeks 25,000 MT of optional origin feed barley for Dec-Jan shipment

- China bought this week 2 cargos of sorghum for Dec-Jan and one cargo of DDGs for January shipment

- Nov 18 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on Nov 25

- French Ag Min increased its forecast of country's grain maize crop by 80,000 MT to 13.15 MMT, but still down 27.2% from a record 2014 volume (18.06 MMT)

- French Ag Min raised its estimate of barley crop to 12.43 MMT from 12.41 MMT last month, up 6% from last year's harvest of 11.73 MMT

- Monsanto Co expects corn prices will recover to $4.50 a bushel in the next 8 to 12 months from less than $4 currently, sticking to its forecast just a week after the USDA cut its price outlook for the marketing year to Aug 31 by 15 cents a bushel to a range of $3.35 to $3.95 a bushel

- US Ethanol production for the week ended Nov 13 fell by 7,000 barrels to 975,000 barrels per day, it is just above last year's level (970,000 bpd). Stocks climbed by 395,000 barrels to 19.249 million barrels, up 11% vs. 17.335 million barrels a year ago

SOYBEAN

- Nov 18 - South Korea's Major Feedmill Group (MFG) was looking up to 60,000 MT of US, Chinese, or South American soymeal for June shipment

- Japan's October soybean imports up 47.2% on year to 303,226 MT, incl. 164,184 MT from the US

- Felda CEO said palm oil is expected to trade at 2,300-2,400 MYR/mt in the first quarter of 2016, as recent rain patterns suggest a limited impact on yields from El Nino. He said palm oil production in 2016 could fall by 1-3% due to El Nino

- French Ag Min left its estimate of the rapeseed harvest at 5.27 MMT unchanged from October estimate and down 4.5% vs. 5.52 MMT in 2014

- French Ag Min trimmed its forecast of sunflower crop to 1.23 MMT from 1.24 MMT last month, confirming a 22.3% fall from last year's harvest of 1.58 MMT

- French Ag Min raised its estimate of soybean crop to 261,000 MT from 229,000 MMT last month, up 14.9% from last year's harvest of 227,000 MT