WHEAT

- Dec 8 - Jordan seeks 100,000 MT of optional origin wheat for April shipment

- Dec 2 - Japan bought 2,350 MT of feed wheat for arrive by March 4 via SBS-tender. New SBS tender for 120,000 tons of feed wheat and 200,000 tons of feed barley will be held on December 9

- Dec 1 - Jordan bought 100,000 MT of optional origin wheat from Dolge at 235 $/mt c&f for Feb-Mar shipment

- Jordan remains well stocked so far with seven 50,000-MT wheat cargoes expected to arrive by the end of January. Another 250,000 MT of wheat are already in state silos while one vessel is discharging. The Middle Eastern buyer has bought 650,000 MT of wheat so far this year

- Dec 2 - Russia bought 49,275 MT of intervention grain (all wheat) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 999,810 MT of Russian grain (968,760 MT of wheat, 12,825 MT of rye and 18,225 MT of barley)

- SovEcon said warm December to help Russia's 2016 grain crop reach 100 MMT

- SovEcon estimated Russia's 2015 grain crop at 103.7 MMT (incl. 61.1 MMT of wheat), of which 30 MMT (incl. 20.5 MMT) is available for export

- Russian farmers have harvested 108.6 MMT of grain (incl. 64.0 MMT of wheat, 18.3 MMT of barley and 12.8 MMT of corn) as of Dec 1, down from 110.3 MMT (incl. 62.3 MMT of wheat, 21.2 MMT of barley and 11.2 MMT of corn) a year ago. Yields were at 2.47 mt/ha, down from 2.52 mt/ha a year ago. While 95.4% (or 16.3 mln ha) of winter crops were planted as of Dec 1 vs. 16.8 mln ha year ago

- There is uncertainty regarding Turkey and Russia, which could disrupt Azov Sea shipments and which is pushing down Russian prices

- As well known, Ukraine's 2016 wheat harvest may fall at least by 23% on year, leading to a sharp decline 2016/17 export potential

- Ukrainian farmers have planted winter crops at 6.7 mln ha (90% of plan), incl. wheat on 5.6 mln ha (91% of plan) as of Dec 1 vs. 7.7 mln ha last year. Ukraine's Ag Min said that as of Nov 26 only 80% winter crops were emerged vs. 94% a year ago; just 64% of emerged crops were in good and satisfactory condition vs. 82% last year and 36% were in poor condition vs. 18% a year ago

CORN

- Feed mills in Asia are holding back corn purchases in expectation prices may fall on a predicted rise in exports from Argentina. Farmers in Argentina are sitting on large supplies of soybeans, corn and wheat to avoid paying the export taxes. Some of these supplies may hit the market in the early part of 2016

- Argentina's farmers are racing to plant more corn now as new farm-friendly government is taking power, increasing the area planted by 10% over previous estimates, and making more exports likely. Farmers now have a six-week window in key growing regions to plant corn before mid-January and they are rushing to buy seeds and fertilizers

- Ukrainian farmers have harvested 60 MMT of grain from 99% of the sown area (14.5 mln ha of 14.6 mln ha planed) as of December 1 vs. 63 MMT a year ago. The yield averaged 4.15 mt/ha compared with 4.34 mt/ha in 2014. Ukraine threshed 22.1 MMT of corn from 96% (3.9 mln ha) of the sowing area with yields of 5.62 mt/ha vs. 26.4 MMT with yields of 5.9 mt/ha a year ago

- Dr. Michael Cordonnier left his Brazilian and Argentine 2015/16 corn crop estimates unchanged at 81.2 MMT (85.4 MMT in 2014/15) and 21.6 MMT (25.5 MMT in 2014/15), respectively

- Dr. Michael Cordonnier left his estimate of South America's 2015/16 corn crop at 107.1 MMT unchanged from previous estimate and vs. 115.1 MMT in 2014/15

- Brazilian President Dilma Rousseff recently announced a 43% cut in government funding for crop insurance subsidies

- Heavy El Nino rainfall in southern Brazil is causing problems for companies trying to load large volumes of corn

- Brazilian Trade Ministry said November corn exports were 4.76 MMT, down from a record shipment of 5.5 MMT in October, but well above 2.98 MMT in Nov 2014

- Cereal Exporters' Association said Brazil shipped 4.92 MMT of corn in November versus 5 MMT the month prior

- US total corn consumed for alcohol and other uses was 495.8 million bushels in October 2015, up 4% from Sep 2015 and up 4% from Oct 2014

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 1.95 million tons during October 2015, up 2% from Sep 2015 and up 5% from Oct 2014

- US wet mill corn gluten feed production was 326.1 thousand tons during October 2015, up 4% from Sep 2015 and up 2% from Oct 2014

SOYBEAN

- Dr. Michael Cordonnier left his Brazilian and Argentine 2015/16 soybean crop estimates unchanged at 100.0 MMT (96.2 MMT in 2014/15) and 58.0 MMT (60.8 MMT in 2014/15), respectively

- Dr. Michael Cordonnier left his estimate of South America's 2015/16 soybean crop at 173.3 MMT unchanged from previous estimate and vs. 171.5 MMT in 2014/15

- Brazilian Trade Ministry reported November soybean exports at 1.44 MMT, compared to 2.59 MMT in October and just 176,556 MT a year ago; soymeal exports were 1.13 MMT against 1.4 MMT a month ago and 0.98 MMT a year ago; and soyoil exports were 111 TMT against 147 TMT in October and 101 TMT in last November

- USDA estimated US October soybean crush for crude oil at 5.1 million tons, up vs. 4.04 million tons in September 2015 and 4.34 million tons in August 2015. Crude soyoil stocks are estimated at 1.62 billion lbs as of Oct 30 vs. 1.481 in Sep and 1.63 in Aug 2015, while refined oil stocks at 371,349 million lbs as of Oct 30 vs. 338,433 in Sep and 338,446 in Aug 2015. October US soy cake and meal stocks were 360,253 tons vs. 240,755 in Sep and 306,757 in Aug 2015

- Argentina crushed 3.9 MMT of soybeans in October

- Russian farmers have harvested 9.5 MMT of sunflower seed from 6.5 mln ha (95%) with yields of 1.47 mt/ha as of Dec 1 vs. 8.6 MMT, 6.2 mln ha and 1.39 mt/ha a year ago