WHEAT

- Dec 17 - Japan seeks 123,275 MT of food wheat for Jan-Mar shipment:

  • 21,980 MT of western white US wheat
  • 37,885 MT of hard red winter US wheat
  • 34,110 MT of Canadian western red spring wheat
  • 29,300 MT of Australian standard white

- Dec 14 - Jordan's Silos and Supply General Company (JSSGC) bought 25,000 MT of hard milling wheat, likely from the Black Sea region, at 229 $/mt c&f for January shipment

- Dec 10 - Taiwan Flour Millers' Association bought 87,150 MT of US milling wheat in two consignments:

  • The first consignment has an additional charge of 20.51 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Jan 25 and Feb 7
    • 25,900 MT of dark northern spring wheat (14.5% protein) at 236.97 $/mt fob
    • 13,250 MT of hard red winter wheat (13% protein) at 224.81 $/mt fob
  • The second consignment has an additional charge of 17.20 $/mt for ocean shipping from the US Pacific North West coast to Taiwan for shipment between Feb 10-24
    • 24,900 MT of dark northern spring wheat (14.5% protein) at 235.43 $/mt fob
    • 13,300 MT of hard red winter wheat (13% protein) at 224.21 $/mt fob
    • 9,800 MT of soft white wheat (10.5% protein) at 248.90 $/mt fob

- Algeria's OAIC bought around 800,000-870,000 MT of milling wheat in a tender last week, more than initially reported. Algeria fully covered its needs for the two-month shipping period. Traders cited similar prices to last week, but some put the range slightly higher at around 196-197.50 $/mt c&f

- Ethiopia is still holding negotiations in an international tender to buy 70,000 MT of wheat and no purchase has yet been made. The tender closed on Dec 10 and the lowest offer was 224.85 $/mt c&f to port or 299.60 $/mt including transport to inland destinations in Ethiopia for Black Sea origin wheat

- Afghanistan will buy 200,000 MT of wheat from neighboring Turkmenistan at a price of under 250 $/mt and is aiming to acquire another 600,000 MT from Kazakhstan

- Australian wheat is making a comeback in Asia with competitive prices. Asian buyers, including Indonesia, have signed deals to take Australian wheat right up to February and are now in the market negotiating deals for March delivery. Australia is one of cheapest origins right now. Australian prime wheat with 10.5% protein is currently quoted at about 240 $/mt, c&f Asia, compared with similar variety US soft white wheat that is being offered at around 280 $/mt

- Rabobank lowered its 2015/16 Australian wheat crop estimate by 2 MMT to 23.3 MMT

- Argentina's new president eliminates export taxes on corn, wheat and meat and lowers soybean export taxes from 35 to 30%

- Safras & Mercado says Brazil may need to import up to 2 MMT of wheat instead of the previous estimate of 1 MMT, due to poor quality of the local crop

- Kazakh Ag Min said Kazakhstan exported 3.416 MMT of grain between July 1-December 10, 2015 vs. 3.133 MMT a year ago, incl. flour – 1.198 MMT in wheat equivalent vs. 1.239 MT in the same period of 2014/15

- Russian exporters resumed to sign deals to supply of grain to Turkey

- Russian Ag Min estimated country's 2015 grain crop at 103.4 MMT, including more than 60 MMT of wheat and more than 12 MMT of corn. They forecast Russia may harvest around 104 MMT of grain in 2016

- Dec 15 - Russia bought 31,185 MT of intervention grain (30,780 MT of wheat and 405 MT of rye) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 1,172,880 MT of Russian grain (1,139,130 MT of wheat, 13,230 MT of rye and 20,520 MT of barley)

- US wheat export inspections for week, ending December 10, recorded 434,767 MT, the range of market forecasts (200-350 TMT). Inspections for 2015/16 are running 14.5% behind year-ago

- EU's crop monitoring service MARS says winter crops susceptible to cold snap after warmer-than-usual weather in November

- Britain was a net exporter of wheat in October, first time in 2015/16, with export totaled 195,324 MT including 80,378 MT to Spain, 66,746 MT to the Netherlands and 31,934 MT to Portugal and imports totaled 137,245 MT including 35,729 MT from Canada, 27,822 MT from Germany and 20,020 MT from Denmark

- UK's Jul-Oct wheat imports totaled 573,571 MT vs. 709,548 MT a year ago

- UK's Jul-Oct wheat exports totaled 517,994 MT vs. 506,822 MT a year ago

- COFCO in talks to take full ownership of Noble's agribusiness

CORN

- Dec 15 - Israel seeks up to 80,000 MT of corn and 20,000 MT of the feed grain sorghum for Mar-May shipment

- US corn export inspections for week, ending Dec 10, reported 566,835 MT, in line with trade expectations (500-650 TMT). Inspections for 2015/16 are running 23.3% behind year-ago

SOYBEAN

- Philippines bought 25,000 MT of US soy meal from for February

- US soybean export inspections for week, ending Dec 10, reported 1,343,651 MT, below analysts' estimates (1.45-1.65 MMT). Inspections for the 2015/16 marketing year are running 9.5% behind year-ago

- AgRural estimated Brazil's 2015/16 soybean crop was 93% planted, below the five-year average of 98%

- Abiove raised its 2015/16 Brazilian soybean crop estimate to 99.4 MMT from 98.6 MMT in October and raised its soybean export forecast for Brazil by 1.2 MMT to 55 MMT

- Surveyor Intertek Testing Services estimated Malaysia's Dec 1-15 palm oil exports at 466,876 MT down 35.6% from a month ago

- Surveyor SGS estimated Malaysia's Dec 1-15 palm oil exports at 463,618 MT down 34.1% from a month ago

- Indonesia's biodiesel consumption this year is expected to reach 825,000 kilolitres, a sharp drop from 1.6 million kiloliters in 2014

- India imported 1.342 MMT of veg oils (edible & non-edible) in November vs. 1.671 MMT in October and vs. 1.19 MMT a year ago