WHEAT

- Dec 3 - Japan bought 125,626 MT of food wheat for Jan-Mar shipment:

  • 20,620 MT of western white US wheat
  • 13,700 MT of hard red winter US wheat
  • 33,986 MT of dark northern spring US wheat
  • 57,320 MT of Canadian western red spring wheat

- Turkey is looking for alternatives to Russian grain as new deals with Moscow are on hold. Ukraine is the best alternative wheat supplier but its prices for the same quality are higher. Turkey was also looking to buy wheat from the EU

- Russia said they no plans to ban grain exports to Turkey

- Russian Ag Min slightly increased its 2015 grain production estimate to 102 MMT from previous peg of 101.5 MMT

- European Commission (EC) expects soft wheat exports from the EU to fall from 27.9 MMT in 2015/16 to 26.8 MMT in 2016/17. It expects exports to stabilize around 26.5 MMT by 2025

- Argentine wheat yields are better than expected but protein is low due to lack of fertilizer applications this year

- Argentine tax agency AFIP said that farmers currently have 9.5 MMT of wheat in storage

- Lanworth forecasts 2016/17 US winter wheat crop at 41.3 MMT, up 10% from last season

- Lanworth forecasts 2016/17 Ukraine wheat crop at 24 MMT

- Kazakhstan's Ag Min said Kazakhstan exported 3.169 MMT of grain between July 1-November 30, 2015 vs. 2.925 MMT a year ago, incl. flour – 1.123 MMT in wheat equivalent vs. 1.182 MT in the same period of 2014/15

- FAO cut its global wheat production estimate to 734.5 MMT, down by 1.7 MMT from the November figure, but still slightly above 2014 (733.3 MMT). This month's lowering mainly reflects adverse weather in Pakistan, Brazil and Argentina

- Dec 8 - South Korea's Agro-Fisheries & Food Trade Corp seeks 55,555 MT of worldwide non-glutinous rice for March and April arrival. Registration for the tenders will close on Dec 8, and electronic bidding will be held on Dec 9

- China agreed to buy 1 MMT of white and jasmine rice from Thailand at market price for next year delivery

CORN

- Dec 9 - Jordan again seeks 100,000 MT of barley for April shipments

- Dec 2 - Jordan cancelled a tender for 100,000 MT of barley

- Lanworth forecasts Argentina's 2015/16 corn crop at 28.7 MMT

- FAO Cereal Price Index fell 2.3%, with coarse grain prices falling even more due to favorable harvests in the US

- FAO's current forecast for world coarse grains production in 2015 is 1301 MMT, about 1 MMT less than expected last month and 32.3 MMT (2.4%) below 2014. This month's revision was very much the result of a 5 MMT, weather induced, lowering of corn production in China, which is nonetheless anticipated to harvest a record crop. On the other hand, corn production prospects improved for Brazil, Mexico and the US. World barley production was lifted by 1.4 MMT since November, almost entirely on account of the EU

- Syngenta wins USDA regulatory approval for GMO corn trait. USDA's APHIS said it will no longer regulate the Syngenta Seeds corn trait known as MZHG0JG

- US Ethanol production for the week ended Nov 27 declined by 52,000 barrels to 956,000 barrels per day, it is slightly down from last year's level of 962,000 bpd. Stocks climbed by 370,000 barrels to 19.997 million barrels, up 15.7% vs. 17.289 million barrels a year ago

- EIA estimated US ethanol production for September at 28.543 million barrels versus 29.621 million barrels in August and vs. 27.807 million barrels a year ago

SOYBEAN

- Dec 3 - Egypt's Food Industries Holding Co (FIHC) seeks 10,000 MT of sunflower oil for Feb-March, 25,000 MT of soybean oil for Feb-March, and 5,400 MT of palm oil for January arrival. Initially tender was scheduled on Dec 2, but FIHC postponed the deadline for offers to Thursday, Dec 3

- Dec 2 - USDA announced export sales of 124,000 MT of US soybeans for delivery to unknown destinations during 2015/16

- Safras e Mercado said Brazil's 2015/16 soybean crop now being planted is already 46% sold by Dec 1, up from 41% a month ago and vs. 5-year average pace of 35%

- Safras expects Brazil's soy crop to reach a record 100.5 MMT this season (2015/16)

- Lanworth forecasts Argentina's 2015/16 soybean crop at 61.1 MMT

- FAO Vegetable oil Price Index fell 3.1% from October, aided by lower energy prices, and encouraging planting and production prospects for soy crops in South and North America

- A slowdown in the EU's biodiesel production will lead to stagnating demand for rapeseed oil and more soybean meal imports to use in feed to compensate for lower rapeseed meal availability

- EIA said US September biodiesel production at 107 million gallons vs. 123 million gallons in August and vs. 114 million gallons a year ago

- EIA said 390 million lbs. of soybean oil used for biodiesel in September (49% of feedstocks used to produce biodiesel) vs. 464 million lbs. in August and vs. 395 million lbs. a year ago

- India has planted rapeseed on 4.93 mln ha so far, down 15% from a year ago