WHEAT

- Dec 30 - Jordan seeks 100,000 MT of wheat for shipment during the second half of April and the first half of May

- Dec 23 - Jordan cancelled a tender to buy 100,000 MT of wheat

- Dec 23 - South Korea's NOFI was looking for 69,000 MT of wheat for May 1 arrival

- Dec 23 - Egypt's GASC bought 120,000 MT of Argentine wheat for January 21-31 delivery:

  • 60,000 MT of Argentine wheat from Louis Dreyfus at 190.28 $/mt c&f (174.88 $/mt fob+15.40 $/mt freight)
  • 60,000 MT of Argentine wheat from Louis Dreyfus at 191.60 $/mt c&f (176.20 $/mt fob+15.40 $/mt freight)

- GASC says strategic wheat reserves to last until 1st week of May

- Dec 21 - Syria bought 200,000 MT of Russian wheat at 170.25 €/mt c&f for January shipment

- EU in week ended December 22 granted licenses to export 648 TMT of soft wheat, bringing the total this season to 12.052 MMT vs. 13.612 MMT a year ago

- Russia's Phytosanitary head said the country could supply up 1 MMT of grain to China in 2016, following shipments of 550 TMT of soybeans, corn, and rapeseed to China in 2015

- Argentine Ag Min estimates Argentina's 2015/16 wheat harvest at around 10.9 MMT. The ministry had previously estimated the harvest within a range of 10-12 MMT

- Buenos Aires Grain Exchange maintains its 2015/16 Argentine wheat crop forecast at 9.5 MMT, a 19% decline from 2014/15 (11.75 MMT). Harvesting of Argentine wheat crop was 68.9% completed as of Dec 23, behind of last year's pace of 75.7%

- Forecasts for snow in US wheat-growing areas, including Kansas and Texas, added pressure to prices. Snow cover could protect dormant crops from damage from frigid temperatures this winter

- The integration of grain trader Nidera with China's state-run grain trading company COFCO had been put on hold

CORN

- Dec 23 - South Korea's Korea Corn Processing Industry Association (KOCOPIA) bought 55,000 MT of US or South American corn from Marubeni Corp at 181.5 $/mt c&f for April arrival

- Dec 23 - South Korea's NOFI was looking for up to 207,000 MT of corn for June-July arrival

- EU in week ended Dec 22 awarded 578 TMT of corn (maize) import certificates, taking the volume so far this season to 6.158 MMT vs. 3.522 MMT a year ago

- EU in week ended Dec 22 granted licenses to export 23 TMT of corn, bringing the total this season to 809 TMT vs. 1.292 MMT a year ago

- EU in week ended Dec 22 granted licenses to export 384 TMT of barley, bringing the total this season to 5.521 MMT vs. 4.15 MMT a year ago

- Argentina's Ag Min said that domestic corn sowings would fall less than previously expected this year, lifting its area forecast by 100,000 hectares to 5.4 mln ha

- Buenos Aires Grain Exchange estimated Argentine corn planting 68.7% done as of Dec 23 vs. 65.5% a year ago. The exchange estimated corn planting area at 2.85 mln ha down vs. 3.4 mln ha in 2014/15

- Buenos Aires Grain Exchange forecasts 2015/16 Argentine barley crop at 4.3 MMT, a 50% growth from 2014/15 (2.85 MMT). Harvesting of Argentine barley crop was 40.3% completed as of Dec 23, well behind of last year's pace of 73%

- US Ethanol production for the week ended Dec 18 fell by 27,000 barrels to 973,000 barrels per day, it is down 2% from last year's level of 992,000 bpd. Meanwhile stocks climbed by 65,000 barrels to 20.387 million barrels, up 15.7% vs. 17.615 million barrels a year ago

SOYBEAN

- Dec 23 - South Korea's Agro-Fisheries and Food Trade Corp bought 120,000 MT of US non-GM soybeans for arrival in 2016 and 2017. They will re-issue for soybeans next week since they had originally sought 170,000 MT, but rejected some offers due to a lack of qualified bids

- Forecasts for beneficial rains in Brazil, the world's top soybean producer, weighed on prices

- Safras & Mercado estimated Brazil's 2015/16 soybean crop was 95.5% planted, below the five-year average of 98.4%

- Argentina's Ag Min lifted its soybean sowings forecast by 100,000 hectares to 20.7 mln ha

- Buenos Aires Grain Exchange estimated Argentine soybean planting 81.8% done as of Dec 23 vs. 81.2% a year ago. The exchange estimated soybean planting area at 20.1 mln ha above than 20 mln ha in 2014/15

- Indonesia's export tax for crude palm oil in January will be zero percent, unchanged from December

- Malaysia to keep export tax for crude palm oil in January at 0%, unchanged from December