WHEAT

- Dec 23 - Jordan seeks 100,000 MT of optional-origin wheat for April-May shipment

- Dec 17 - Jordan bought 50,000 MT of optional-origin wheat from Nibulon at 229 $/mt c&f for first half April shipment

- Dec 17 - Japan bought 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 16 - Tunisia bought 100,000 MT of wheat at 196.5-198.85 $/mt c&f for Jan-Mar shipment

- Russia and China have reportedly inked two food safety agreements on Russian wheat, corn, soybeans, rapeseed and rice supplies. This deal technically opens the Chinese market to Russian grain

- Weekly US wheat export sales data for week ended December 10 of 320,200 MT for 2015/16 came within trade estimates (250-450 TMT). Total current marketing-year US wheat export sales are 16% behind the same point last year

- EU in week ended December 15 granted licenses to export 1.077 MMT of soft wheat, the highest volume granted so far during the 2015/16 and bringing the total this season to 11.404 MMT vs. 13.098 MMT a year ago

- UK farm ministry in its final Britain 2015 crop production estimates pegged wheat crop at 16.444 MMT, up from 16.129 MMT predicted in October, but below vs. 16.606 MMT in 2014

- Strategie Grains increased its forecast for EU-28 soft wheat exports in 2015/16 by 800,000 MT to 27.6 MMT, but still down 15% vs. sales of 32.5 MMT in 2014/15

- Strategie Grains pegged the EU's 2016 soft wheat crop at 143.6 MM, down 6.4 MMT from this year's record crop of 150 MMT. Durum production is expected to rise around 6% in 2016 to 8.6 MMT

- Japan's November grain imports down 8.4% on year to 1.768 MMT, incl. 807,203 MT from the US (-39.1%)

- Ukrainian grain stocks were at 30.84 MMT as of December 1, down 0.2% from a year earlier, incl. 12.53 MMT of wheat (9.7 MMT a year ago), 2.21 MMT of barley (2.48 MMT a year ago) and 14.71 MMT of corn (17.23 MMT a year ago). The data does not include grain stored at small farms

CORN

- Dec 17 - South Korea's Nonghyup Feed (Nofi) bought around 195,000 MT of optional origin corn:

  • 60-65 TMT of corn at 183.95 $/mt c&f for May 10 arrival
  • 60-65 TMT of corn at 182.99 $/mt c&f for May 20 arrival
  • 60-65 TMT of corn at 182.99 $/mt c&f for June 1 arrival. Each have a 1.25 $/tm surcharge for additional port unloading

- Dec 16 - Tunisia bought 50,000 MT of barley at 188 $/mt c&f for Jan-Mar shipment

- Dec 15 - Israel bought 80,000 MT of corn but made no purchase of 20,000 MT of sorghum for March:

  • 30,000 MT of corn at 176.6 $/mt c&f for Mar-Apr shipment
  • 50,000 MT of corn at 176.7 $/mt c&f for Apr-May shipment

- Indonesia will issue corn import permits for 2.4 MMT for 2016

- Indonesia's Bulog plans to import 600,000 MT of corn in the first quarter of 2016

- Argentina's new government announced the relaxation of currency controls. The now freely trading Argentine peso is expected to weaken, increasing the nation's corn and soybean shipments

- Weekly US corn export sales data for week ended Dec 10 of 677,600 MT, incl. 579,400 MT for 2015/16 were below market forecasts ranging from 700 to 950 TMT. Total current marketing-year US corn export sales are 23% behind the same point last year

- EU in week ended Dec 15 awarded 462 TMT of corn (maize) import certificates, taking the volume so far this season to 5.58 MMT vs. 3.25 MMT a year ago

- EU in week ended Dec 15 granted licenses to export 85 TMT of corn, bringing the total this season to 786 TMT vs. 1.235 MMT a year ago

- EU in week ended Dec 15 granted licenses to export 235 TMT of barley, bringing the total this season to 5.137 MMT vs. 4.064 MMT a year ago

- Strategie Grains projects the EU's 2016 corn crop at 64.9 MMT, up 13% from this year's drought-depleted crop

- Strategie Grains projects the EU's 2016 barley crop at 60 MMT, down 1% from this year's crop

- US Ethanol production for the week ended Dec 11 rose by 7,000 barrels to 1.0 million barrels per day, it is the second highest production and up 1% from last year's level of 990,000 bpd. Stocks climbed by 493,000 barrels to 20.322 million barrels, up 15.1% vs. 17.659 million barrels a year ago

- UK farm ministry slightly increased country's 2015 barley harvest estimate to 7.37 MT from 7.281 MMT in Oct, and up 6.6% from 2014 (6.911 MMT)

- Algeria's food processing, mining and steel company Cevital plans to build a corn-based ethanol plant in Brazil's Mato Grosso state

- France has detected the first cases of low pathogenic H5N3 bird flu and found more cases of highly infectious strains in an outbreak of the disease in the southwest of the country

SOYBEAN

- Dec 17 - USDA announced export sales of 424,000 MT of US soybeans for delivery to China during 2015/16

- Weekly US soybean export sales data for week ended Dec 10 of 1,023,800 MT, incl. 887,800 MT for 2015/16 came just below market forecasts ranging from 900 TMT to 1.3 MMT. Total current marketing-year US soybean export sales are 14% behind the same point last year

- Philippine government will challenge a ban on imports of genetically modified products ordered by the country's top court. Last week, the Supreme Court struck down a 2002 government regulation that allowed the import of genetically modified organisms (GMO) and imposed a temporary ban until new rules were formulated. The order will halt the Southeast Asian country's imports of soybean meal, which amount to around 2 MMT a year and mainly come from the US

- Japan's November soybean imports up 105.6% on year to 247,422 MT, incl. 194,199 MT from the US (+275.4%)

- Indonesian Palm Oil Association says the country exported 2.39 MMT of palm oil in November down 9% from October

- Britain's farm ministry estimates UK's 2015 rapeseed harvest at 2.542 MMT, up from a previous forecast of 2.32 MMT and 3.4% above last year's 2.46 MMT