WHEAT

- Nov 24 - Jordan seeks 100,000 MT of wheat for Feb-March

- 50,000 MT cargo of French wheat is expected to ship to Indonesia this week, marking France's first sale to the country since 2008/09, and another shipment is expected in the weeks ahead. Unusually competitive French prices prompted the sale

- Russia's Ag Min said Russia exported about 15.48 MMT of grain between July 1-Nov 18, 2015, down by 9.2% from 17.043 MMT a year ago, including:

  • wheat – 11.685 MMT
  • barley – 2.506 MMT
  • corn – 1.048 MMT
  • other grains – 240 TMT

- Russia bought 710,370 MT of Russian grain (683,910 MT of wheat, 10,800 MT of rye and 15,660 MT of barley) between Aug 20-Nov 18 via tenders on the NTB (Moscow Exchange). Separately Russia bought 59,046 MT of Crimean wheat in intervention fund via tenders on Crimean Exchange

- Russia has 1,958.8 TMT of grain in its federal intervention fund as of November 20

- Argentine Ag Min estimated country's 2015/16 wheat crop at 10-12 MMT

- China's October wheat imports up 682.7% on year to 315,739 MT

- China's Jan-Oct wheat imports down 11% on year to 2.56 MMT

- MARS lowered its estimate for the soft wheat yield in this year's EU harvest to 5.84 MT per hectare (mt/ha) from 5.86 mt/ha last month. This is down 4.9% from 2014 but 3.1% above the five-year mean

- Intensified fighting in Syria's main wheat growing areas in the north this year will make it even more difficult for farmers to access fields and could hamper planting more cereals this season

CORN

- Nov 25 - Jordan seeks for 100,000 MT of barley for April

- China imported just 42,883 MT of corn last month, which was a 62% decrease from last year and down 75% from previous month, as buyers have used up their import quotas for this year. Corn purchases through October this year stand at nearly 4.58 MMT, a 164% increase from a year ago

- China imported 660,193 MT of DDGs from the US in October, which was up 460% from year-ago but down 29% from September. The US accounts for the vast majority of these shipments. More declines are likely in November due to concerns about an anti-dumping probe from Beijing, which some say will be announced soon. For the first 10 months of the year, China's DDGs imports stand at 5.9 MMT, up 14.3% from year-ago

- Analysts expect new Argentine government will be more aggressive reducing corn and wheat export taxes in the short term, then with soybean export taxes. Macri has promised to eliminate corn and wheat export taxes and ditch the quota system that controls international shipments of both crops. As a result, farmers are likely to begin alternating more often between soybeans and the other crops, not only boosting corn and wheat output, but nourishing the soil as well, aiding soybean yields in the process. Some are forecasting Argentina will have doubled its wheat shipments and topped both Brazil and Ukraine in terms of corn exports by the end of Macri's four-year term

- The EU's crop monitoring service MARS trimmed its yield estimate for the bloc's 2015 corn crop to 6.46 mt/ha from 6.47 mt/ha last month. This would be 20.9% less than last year's yield (8.16 mt/ha) and 8.2% below the five-year average (7.04 mt/ha)

- Syngenta AG has sued top US grain exporters Cargill Inc and Archer Daniels Midland Co over losses that US farmers said they suffered from rejections of boatloads of genetically modified corn by China. The lawsuit, filed on Thursday in U.S. district court in Kansas, comes after Cargill, ADM and hundreds of farmers sued Syngenta last year to recover damages linked to the rejections, which began in late 2013

- China's October barley imports rose 356% on year to 998,367 MT

- China's Jan-Oct barley imports rose 116.3% on year to 9.72 MMT

- MARS estimates EU barley (winter and spring) yield at 4.64 mt/ha against 4.65 mt/ha estimated last month, down 5.3% from 2014 (4.9 mt/ha), but still 3.3% above the five-year average (4.49 mt/ha)

SOYBEAN

- Nov 23 - USDA announced changes in destination of 251,000 MT of US soybeans from unknown destinations to China for delivery during the 2015/16

- Nov 20 - USDA announced export sales of 120,000 MT of US soybeans for delivery to unknown destinations during 2015/16

- Argentine Ag Min estimated country's 2015/16 soybean area at a record high 20.6 million hectares

- Soybeans under some pressure after conservative opposition candidate Mauricio Macri won Argentina's presidential election on Sunday, with the newly elected president promising to cut grain and soybean export taxes from one of the world's largest exporters of oilseeds

- China imported over 5.53 MMT of soybeans during October, up 35% from a year ago. Brazil and Argentina got 86.8% of this business. For the first ten months of the year China has purchased around 65.18 MMT of soybeans, a 14.7% increase from the year-prior

- This year Indonesia increased biodiesel subsidies and raised the minimum bio content in diesel fuel to 15% from 10%. It will rise to 20% in 2016 and 30% in 2020. Any increased in biodiesel use would also be positive for palm oil prices

- Indonesia and Malaysia, the world's top two palm oil producers, signed an agreement Saturday to set up a council for palm oil producing countries in a bid to ensure price stability by managing production and stock in the global market

- MARS left its estimate for the EU's 2015 rapeseed yield unchanged from last month at 3.25 mt/ha, down 9.5% on last year (3.59 mt/ha) but still 4% above the five-year average (3.13 mt/ha)

- MARS lowered its estimate for the EU's 2015 sunflower yield to 1.78 MT per hectare (mt/ha) from 1.86 mt/ha last month. This is down 16.5% from 2014 and 6.5% below the five-year mean

- China's October rapeseed imports up 94.9% on year to 364,680 MT

- China's Jan-Oct rapeseed imports down 7.6% on year to 3.78 MMT

- China's October soy oil imports down 11.6% on year to 84,728 MT

- China's Jan-Oct soy oil imports down 34.4% on year to 711,161 MT

- China's October rapeseed oil imports down 28% on year to 43,768 MT

- China's Jan-Oct rapeseed oil imports down 13.6% on year to 602,346 MT

- China's October palm oil imports up 56% on year to 476,253 MT

- China's Jan-Oct palm oil imports up 12.8% on year to 4.78 MMT